Cloud services provider Akamai Technologies, Inc. [AKAM] yesterday said it has agreed to acquire Prolexic Technologies in a $370 million cash deal that would boost is security solutions capabilities and add new customers, particularly in the financial sector. Akamai said the acquisition, if factored into 2013 results, would double the size of its security business by adding about $50 million and over 200 employees to this business. Once the deal closes, which is expected to occur during the first half…
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Congress Updates
Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says
The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]
Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says
COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]
Trump Wants Second Reconciliation Bill On His Desk By June 1
President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]
Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says
Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]