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Business/Financial

Engility Expects To Close DRC Acquisition On Friday

By Cal Biesecker

Wednesday, January 29th, 2014

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Engility Expects To Close DRC Acquisition On Friday

Government technology and missions services provider Engility Holdings [EGL] on Wednesday said it has completed the tender offer for all the outstanding shares of Dynamics Research Corp. [DRCO], paving the way for the company to complete the $121 million cash purchase on Friday. Engility said that 86 percent of DRC’s stock was tendered by the end of Tuesday, the deadline for the offer. Another 1 percent of DRC’s stock was guaranteed for delivery. Engility said it will acquire the remaining…

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

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Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

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