:

Business/Financial

GD Selling Fidelis Cybersecurity Unit To Private Equity Firm

By Cal Biesecker

Tuesday, April 14th, 2015

SHARE:

Peter George, President and CEO of Fidelis Cybersecurity. Photo: Fidelis Cybersecurity.

A private equity firm, Marlin Equity Partners, on Tuesday said has agreed to acquire a commercially-focused cyber security business unit from General Dynamics [GD] that the defense contractor is shedding to focus on its core government customers.Terms of the deal, which is expected to close in the second quarter of 2015, were not disclosed.The pending sale of Fidelis Cybersecurity Solutions by GD mirrors a move early this year by Boeing [BA] to shed Narus, a commercial cyber security company it…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

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 […]