Aerospace Group:

Business/Financial

Forcepoint Selling Government And Critical Infrastructure Business

By Cal Biesecker

Monday, July 10th, 2023

SHARE:

Forcepoint Selling Government And Critical Infrastructure Business

Sean Berg, president, Global Governments and Critical Infrastructure at Forcepoint. LinkedIn photo.

The cybersecurity firm Forcepoint on Monday said it is selling its government and critical infrastructure business to the asset management firm TPG [TPG], creating an independent entity that will focus on defense, intelligence, and critical infrastructure customers globally. Terms of the deal, which is expected to close in the fourth quarter subject to regulatory approvals, were not disclosed. The Wall Street Journal reported the transaction price to be nearly $2.5 billion. Forcepoint is a portfolio company of the investment firm…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]