Business/Financial
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CyberWhite House Says ‘Malicious Cyber Activity’ Cost US $109 Billion In 2016
Cyber-attacks cost the U.S. economy between $57 billion and $109 billion in 2016 and are measured in things like lost revenue, data and intellectual property, court settlements, regulatory penalties and […]
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Business/FinancialVeritas Acquires PwC’sUS Public Sector Business
The private equity firm Veritas Capital on Wednesday said it has agreed to acquire the US Public Sector business of the consulting firm PricewaterhouseCoopers (PwC). Terms of the deal, which […]
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Business/FinancialHII Posts Lower Profit In Fourth Quarter On Tax, Interest Expenses: Plans New Investments
Huntington Ingalls Industries [HII] on Thursday reported a steep drop in net income in the fourth quarter largely due to expenses related to a new tax law and the early […]
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Business/FinancialL3 Increases Dividend
L3 Technologies [LLL] on Monday announced a nickel increase in its quarterly dividend payment to 80 cents per share, marking the 14th consecutive year of increasing its annual dividend. The […]
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InternationalEuropean Commission Okays Northrop Grumman Acquisition Of Orbital ATK
The European Commission has approved Northrop Grumman’s [NOC] pending $7.8 billion acquisition of Orbital ATK [OA], moving the deal one step closer to completion. Northrop Grumman said it is still […]
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Business/FinancialGeneral Dynamics Cites Scale, Customers, Capabilities, Profits In Deal For CSRA
General Dynamics [GD] on Monday said it has agreed to acquire CSRA, Inc. [CSRA] in a $9.6 billion cash deal that will make it the second largest provider of federal […]
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Business/FinancialSprint Reentering Federal IT Market With Focus On Converged Solutions
After exiting the federal information technology (IT) market two years ago, telecommunications provider Sprint [T] says it is reentering the space aggressively with plans to offer a range of products […]
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Business/FinancialA400M Customer Nations Reach Deal With Airbus To Rework Contract Details
Airbus officials signed a new declaration of intent Wednesday, with the launch customer nations for its A400M aircraft, to structure new contract details later in 2018 to stop future losses […]
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Business/Financial
DHS Awards Booz Allen $621 Million For Federal Cyber Security Tools
Booz Allen Hamilton [BAH] on Friday said it has won a $621 million task order from the Department of Homeland Security (DHS), the first award under a new acquisition vehicle that […]
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ArmyAirbus President Accuses Leonardo Of Treachery For Again Suing Over Helicopter Contract
Following two years of litigation that concluded and then produced a fresh lawsuit last week, UH-72 Lakota manufacturer Airbus is accusing Leonardo DRS of using the courts to hold contracts […]