:

Business/Financial

Defense Watch: CACI, Thales Deals Advance, AFA Updates

Defense Daily Staff

Friday, March 1st, 2019

SHARE:

Deal Updates. CACI International completed its $750 million acquisition of LGS Innovations from the private equity firms Madison Dearborn Partners and CoVant Management, giving it capabilities to rapidly add applications to fielded systems, something its customers want more of. LGS provides real-time spectrum management, C4ISR, and cyber security products and solutions to the intelligence community and Defense Department, and develops and manufactures custom lasers for remote-sensing systems. The acquisition of LGS “is the next step in our established strategy to…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]