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Business/Financial

Harris Completes Purchase of CapRock Communications

DDN

Wednesday, August 4th, 2010

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Harris Corp. [HRS] has completed its $525 million acquisition of managed communications services provider CapRock Communications, giving Harris an entry into the energy market and expanding its global presence in the managed communications services space. CapRock's customers include the energy industry, the Departments of Defense and Homeland Security, and other federal agencies. The company's CEO, Peter Shaper, will serve as its president going forward. Harris said in May when it announced plans to acquire CapRock that it expects demand to…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]