:

Business/Financial

Huntington Ingalls Bolstering Government Services Business With Fulcrum Acquisition

By Cal Biesecker

Friday, January 18th, 2019

SHARE:

Huntington Ingalls Bolstering Government Services Business With Fulcrum Acquisition

Fulcrum IT Services has various capabilities in C5ISR, providing expertise to the intelligence community and Defense Department globally. Image: Fulcrum IT

Huntington Ingalls Industries [HII] on Friday said it has agreed to acquire Fulcrum IT Services in a deal that will strengthen and expand its capabilities in several key areas and broaden its customer relationships, particularly with the intelligence and special operations communities. Terms of the deal were not disclosed. HII expects to close the acquisition in February of Northern Virginia-based Fulcrum. Fulcrum will be part of HII’s nearly $1 billion Technical Solutions segment, led by President Andy Green, which stood…

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 […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]