Archive: Business/Financial

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Fidelis Cybersecurity Acquires Firm With Deception Technology

Fidelis Cybersecurity last Thursday said it has acquired TopSpin Security Ltd., a small cyber security firm with capabilities in the areas of deception and detection technology. Terms of the deal were not disclosed. TopSpin operates in Israel and New Jersey. It has 18 employees and the company’s staff will become part of Maryland-based Fidelis. Fidelis […]

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GAO Denies Northrop Grumman Protest Of DHS Cyber Security Award To Raytheon

The Government Accountability Office (GAO) earlier this month rejected a protest by Northrop Grumman [NOC] of a $1 billion contract re-awarded over the summer to Raytheon [RTN] to support a cyber security system operated by the Department of Homeland Security (DHS). DHS originally awarded Raytheon the contract to support the National Cybersecurity Protection System (NCPS) […]

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Booz Allen Acquiring Small Firm To Bolster Commercial Cyber Business

Booz Allen Hamilton [BAH] on Friday said it has agreed to acquire Morphick, Inc., a small Ohio-based company that provides managed cyber security services to Fortune 500 companies. Terms of the deal, which is expected to close before the end of 2017, were not disclosed. Jefferies analyst Sheila Kahyaoglu said in note to clients on […]

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SAIC Awarded $93 Million Deal to Support USCYBERCOM, J3 Operational Services

U.S. Cyber Command is building on its capacity for cyber mission warfare support with a potential five-year, $93 million task order to Science Applications International Corp. [SAIC] to help coordinate logistical services to the J3 joint operations center. SAIC is tasked with integrating operational planning for cyber space missions under the J3 and will support USCYBERCOM […]

Lockheed Martin’s Multi-Modal Sensor Fusion solution blends data from multiple sensors to restore the pilot’s situational awareness in degraded visual environments. Photo: Lockheed Martin.

Lockheed Developing Multi-Modal Sensor Fusion Testbed For Army

The Army is moving forward with its development of a Multi-Modal Sensor Fusion (MMSF), tasking Lockheed Martin [LMT] with a $12 million contract to develop a testbed of the technology for its rotary-wing aircraft. Under the deal, announced Oct. 12 and awarded as part of the Army’s Night Vision and Electronic Sensors Directorate (NVESD), Lockheed […]

CSRA President and CEO Larry Prior. Photo: CSRA

CSRA Acquiring Praxis Engineering To Expand Work For Intelligence Community

CSRA Inc. [CSRA] on Tuesday said it has agreed to acquire Praxis Engineering Technologies Inc. for $235 million in cash in a deal that would expand its work for the intelligence community. Maryland-based Praxis provides consulting and solutions in the areas of software and system engineering. The company has more than 350 “highly-cleared” employees, most […]

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KBR To Acquire Australian Defense Company

KBR, Inc. [KBR] on Monday said it has agreed to acquire Sigma Bravo Pty Ltd, an Australia-based company that provides information and communication technology services to the Australian Defence Force (ADF). Terms of the deal were not disclosed. Houston-based KBR said the pending acquisition marks its entry into classified work in Australia as well as […]

Mac Curtis, president and CEO, will become president and CEO of a new publicly-traded company to be created through the merger of DXC's public sector business, Vencore, and KeyPoint. Photo: Vencore.

DXC Merging Public Sector Business With Vencore, KeyPoint To Form New Company

DXC Technology [DXC] last week said that it is divesting its U.S. Public Sector (USPS) business which in turn will merge with Vencore Holdings and KeyPoint Government Solutions to create a $4.3 billion information technology (IT) company serving federal, state and local clients. The new company, which will be publicly traded, will combine DXC’s public […]

Peraton CEO Stu Shea. Photo: Peraton

Peraton Nabs $578 Million TSA Logistics Contract For Security Equipment

The Transportation Security Administration (TSA) has awarded Peraton a potential five-year $578 million contract to provide logistics support for the agency’s thousands of pieces of security equipment used at airports nationwide. Leidos [LDOS] was the incumbent contractor. Boeing [BA] and Germany’s Siemens in years past have provided integrated logistics support to TSA for transportation screening […]

Raytheon's AMRAAM air-to-air missile. Photo: Raytheon.

Congress Notified Of Potential AMRAAM Sale To The Netherlands

The State Department has approved a potential $53 million sale of air-to-air missiles to the Netherlands for use by that country’s air force, a Pentagon agency said on Wednesday. The sale includes 26 AIM-120 C-7 Advanced Medium Range Air-to-Air Missiles (AMRAAM), one AMRAAM guidance section spare, 20 captive carry training missiles, missile containers, test equipment, […]