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Business/Financial

Defense Watch: CACI, Thales Deals Advance, AFA Updates

Defense Daily Staff

Friday, March 1st, 2019

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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…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]