Aerospace Group:

Business/Financial

Leidos Boosting Cloud, Digital Modernization Capabilities With 1901 Acquisition

By Cal Biesecker

Thursday, December 10th, 2020

SHARE:

Leidos Boosting Cloud, Digital Modernization Capabilities With 1901 Acquisition

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday said it has agreed to acquire 1901 Group, a provider of managed information technology (IT) services and cloud solutions to the private and public sectors, for $215 million in cash. The deal, which is expected to close during the first quarter of 2021, has been approved by both companies’ board and is subject to regulatory approval. 1901 Group, which has more than 400 employees and is based in Northern Virginia, provides cloud, cyber security, enterprise-scale digital…

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 […]