:

Business/Financial

AECOM to Sell Government Contracting Biz to Investment Group for $2.4 Billion

Defense Daily Staff

Thursday, October 17th, 2019

SHARE:

AECOM to Sell Government Contracting Biz to Investment Group for $2.4 Billion

financial stock market graph on technology abstract background

AECOM [ACM] said on Monday it plans to sell its government contracting business for $2.4 billion to two investment firms rather than advancing its previous plan to spin the branch off into a stand-alone public company. Affiliates of New York City-based American Securities and Lindsay Goldberg are joining to buy AECOM’s Management Services business. In June, AECOM announced plans for a 2020 initial public offering for the Management Services group, which holds billions of dollars’ worth of contracts with the…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]