Business/Financial
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Business/FinancialGD Completes Purchase of Fortress Technologies
General Dynamics [GD] yesterday said it has completed its acquisition of secure wireless network equipment maker Fortress Technologies, giving it wireless local area networking capabilities for tactical battlefield applications. Terms […]
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Business/Financial
Boeing Nabs Small Maritime Security Award
Boeing [BA] has received a $4.4 million contract from a Pennsylvania county to design, integrate and install a surveillance system for a 14-mile stretch of the Delaware River near Philadelphia […]
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Business/Financial
Admin’s Export-Control Bill Imminent
The Obama administration is poised to propose legislation that would create a new export-control licensing entity, a senior official said yesterday. The draft bill, if approved by Congress, would bring […]
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Business/Financial
Ballhaus Takes Over At SRA International
Immediately on the heels of Providence Equity Partners’ acquisition of SRA International last week, the federal information technology services firm is getting a new chief, William Ballhaus, effective July 25. […]
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Business/Financial
KMPG Survey Says A&D Execs Looking To Acquisitions To Spur Growth Amid Weak Outlook
Over 60 percent of executives in the aerospace and defense industry (A&D) say their companies will be part of a merger or acquisition in the next two years and many […]
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Business/Financial
Boeing To Acquire Small IT Firm Focused On Data Access And Management
Boeing [BA] yesterday said it has agreed to acquire a small information technology (IT) firm serving the U.S. government and the intelligence community that specializes in helping its customers access, […]
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Business/Financial
SAIC To Expand Healthcare IT Portfolio With Acquisition
SAIC [SAI] yesterday said it has agreed to acquire Vitalize Consulting Solutions, Inc. (VCS) to boost its position in the healthcare space, particularly by providing its federal customers with commercial […]
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Business/Financial
CSIS Analysts Say DHS Has Less Cushion In Coming Federal Spending Cuts
The Department of Homeland Security (DHS) has not had the same “significant” budget increases as other national security agencies have in the post-9/11 era, which means it has less “cushion” […]
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Business/Financial
Providence Equity Completes Acquisition of SRA
The private equity firm Providence Equity Partners has completed its nearly $2 billion purchase of SRA International, taking the publicly traded company private. SRA was founded in 1978 and went […]
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Business/Financial
Wes Bush Gets Chairman Role At Northrop Grumman
Northrop Grumman [NOC] President and CEO Wes Bush yesterday was named the company’s chairman effective immediately. Bush succeeds Lew Coleman, who has served as non-executive chairman since January 2010. Coleman, […]
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