Business/Financial
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Business/FinancialPlatinum Equity Completes Acquisition Of PAE
The private equity firm Platinum Equity on Tuesday said it has completed its acquisition of PAE from another private equity firm Lindsay Goldberg, LLC. Terms of the deal, which was […]
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Business/FinancialSafran To Divest Detection Business, Review Options For Biometrics Business
Putting a clear focus on its commercial aviation and defense businesses, France’s Safran Group on Monday said it plans to divest its operations that provide explosives detection systems for airports […]
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Business/FinancialTrend Micro Completes Tipping Point Acquisition From HP
Security software provider Trend Micro International last week completed its $300 million acquisition of TippingPoint from Hewlett Packard Enterprise [HPE], providing it with a more comprehensive suite of cyber security […]
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Business/FinancialLockheed Martin Announces Voluntary Layoffs At Aeronautics
Lockheed Martin [LMT] on Tuesday said its aeronautics business segment commenced a voluntary layoff program aimed at reducing employment by about 1,000 positions in the United States. Lockheed Martin’s aeronautics […]
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Business/FinancialDoD Awards Booz Allen $5 Billion Cybersecurity And IT Support Contract
The Department of Defense (DoD) Information Analysis Centers (IAC) Program Management Office (PMO) awarded Booz Allen Hamilton [BAH] a prime awardee of a $5 billion indefinite delivery/indefinite quantity (IDIQ) five-year […]
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Business/FinancialSDC Acquires Airbus’ U.S. Government Satcom Business Unit
Satcom Direct Communications, Inc. (SDC) has acquired the United States government satellite communications business of Airbus Group, expanding its presence in the U.S. government market. The former Airbus unit was […]
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Business/FinancialCollegiate Cyber Defense Competition Begins
Students from over 180 colleges across the U.S. started showcase cyber skills in the 2016 National Collegiate Cyber Defense Competition (NCCDC) tournament running from early March to April, the sponsor […]
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Business/FinancialGD Launches Customer Experience Platform To Help Organizations Operate Contact Centers
General Dynamics [GD] launched the first Federal Risk Authorization Management Program (FedRAMP)-compliant cloud-based Customer Experience Platform (CXP) to provide a range of technology capabilities to help organizations operate tailorable contact […]
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Business/FinancialEngility Swings To Loss In Fourth Quarter, Full Year On Impairment Charge
A hefty charge related to declines in its stock price this year and declines in its defense business caused Engility [EGL] to record a nearly $300 million non-cash goodwill charge […]
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Business/FinancialGD Increases Dividend, Share Repurchase Authority
General Dynamics [GD] on Wednesday said it is increasing its quarterly dividend and boosting its share repurchase program. The new quarterly dividend of 76 cents per share, payable to shareholders […]