:

Business/Financial

DigitalGlobe Stock Down After News Of Google-Skybox Merger

Pat Host

Tuesday, June 10th, 2014

SHARE:

DigitalGlobe Stock Down After News Of Google-Skybox Merger

Photo: NASA.

DigitalGlobe’s [DGI] stock price finished down $1.25 per share on NASDAQ Tuesday after news broke of Google’s [GOOG] agreement to acquire satellite imager Skybox Imaging for $500 million in cash, subject to adjustments. DigitalGlobe viewed Skybox as a major existing competitor, according to its annual 10-K filing with the Securities and Exchange Commission (SEC). Skybox also listed Google as an existing competitor as an aggregator of imagery and imagery-related products and services. DigitalGlobe said its marketing efforts could be negatively…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]