:

Business/Financial

Leidos To Combine With Lockheed Martin IS&GS Business To Create Largest Government Services Provider

By Cal Biesecker

Tuesday, January 26th, 2016

SHARE:

Leidos To Combine With Lockheed Martin IS&GS Business To Create Largest Government Services Provider

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday said it will pay $5 billion to combine with Lockheed Martin’s [LMT] government services business to create a roughly $10 billion information technology and services company that will be about twice the size of its nearest pure play competitor.That scale means “we’ll be able to provide a more comprehensive and compelling range of solutions to address the needs of our customers in defense, intelligence, civil and commercial markets,” Roger Krone, chairman and CEO of Leidos, said…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]