Business/Financial
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Business/FinancialGD Acquires Enterprise Services And Cloud Computing Provider NETCONN
General Dynamics [GD] yesterday said it has acquired Network Connectivity Solutions, Corp. (NETCONN), a small information technology firm that specializes in enterprise and cloud computing services. GD said that NETCONN […]
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Business/Financial
ITT Spinoff To Establish Headquarters In Fairfax County, Va.
Virginia Gov. Robert McDonnell (R) yesterday said ITT Corp.’s [ITT] Defense & Information Solution business segment will invest as much as $5 million to create a new corporate headquarters in […]
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Air ForceObama Pushes For More Than $400 Billion In Cuts
President Barack Obama said last Friday he stands by his desire to slash “hundreds of billions” more in longterm defense spending than his previous goal of a $400 billion cut […]
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Business/Financial
ITT Exelis Will Be Name For New Defense Company
ITT Corp. [ITT] yesterday said it the name for the future defense company that will result from the spin-off this year of its defense operations will be ITT Exelis and […]
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Business/Financial
DoD Unveils First Cybersecurity Strategy
The Pentagon’s first-ever cybersecurity strategy calls for strengthening defenses and reducing incentives for attacks, outgoing Deputy Defense Secretary William Lynn said yesterday. The Pentagon released its unclassified Department of Defense […]
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Business/Financial
ITT Says Spin-Offs of Businesses On Track For This Year
ITT Corp. [ITT] yesterday said that the break-up of the company into three separately traded public companies remains on track to close this year but won’t have a more definitive […]
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Business/Financial
Precision Castparts To Acquire Primus International To Bolster Aerostructures Work
Precision Castparts Corp. [PCP] on Sunday said it has agreed to acquire Primus International for $900 million in cash in a move to significantly expand its position supplying aerostructures to […]
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Business/Financial
TASC, INCOSE Sign Agreement Promoting Certifications
TASC Inc. and the International Council on Systems Engineering (INCOSE) yesterday said they have signed an agreement to promote INCOSE’s certifications to qualified TASC engineers. Under the agreement, TASC […]
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Business/Financial
Pentagon To Unveil Cybersecurity Strategy
Outgoing Deputy Defense Secretary William Lynn is expected to unveil information about the Pentagon’s first-ever cybersecurity strategy this Thursday. Lynn will discuss the plan during a speech and the Pentagon […]
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Air Force
DEFENSE WATCH
Reprogramming Rundown. The Pentagon’s $5 billion omnibus reprogramming request, dated June 30 and now before Congress, seeks to shift money for varied vehicle efforts including $51 million for 14 more […]