Aerospace Group:

Business/Financial

Amentum Closes Deal For DynCorp

By Cal Biesecker

Tuesday, November 24th, 2020

SHARE:

Amentum Closes Deal For DynCorp

DynCorp's services include logistical support to the Australia Defence Force helicopters. Photo: DynCorp International

Amentum on Monday said it has completed its acquisition of DynCorp International, creating a $6 billion services company serving federal, state, local and allied government markets. Terms of the deal were not disclosed. Amentum’s largest market sector is defense, followed by energy. DynCorp’s largest two customers are the Departments of Defense and State. Amentum now has 34,000 employees working in 105 countries. Before the deal for DynCorp, the company estimated it would have about $4.3 billion in sales this year.…

Space

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 […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]