:

Business/Financial

IronNet Cybersecurity Merging With Special Acquisition Company For Investment With Plans To Go Public

By Cal Biesecker

Monday, March 15th, 2021

SHARE:

IronNet Cybersecurity Merging With Special Acquisition Company For Investment With Plans To Go Public

Keith Alexander, chairman, founder and co-CEO of IronNet Cybersecurity. Photo: IronNet

IronNet Cybersecurity, a pureplay cyber security firm founded and co-led by former National Security Agency Director and the first Commander of U.S. Cyber Command Gen. Keith Alexander, on Monday said it is merging with an investment company and plans to become publicly traded on the New York Stock Exchange under the ticker symbol “IRNT.” Under the arrangement, LGL Systems Acquisition Corp. [DFNS], a blank check company formed in 2019 to target businesses in the aerospace, defense and communications industries, will…

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 […]