:

Business/Financial

Parsons Beefs Up Cyber Capabilities With Acquisition Of Sealing Technologies

By Cal Biesecker

Wednesday, August 23rd, 2023

SHARE:

Parsons Beefs Up Cyber Capabilities With Acquisition Of Sealing Technologies

Carey Smith, chairwoman, president, and CEO of Parsons Corp. LinkedIn photo

Parsons Corp. [PSN] on Wednesday said it has acquired Sealing Technologies, inc. for upward of $200 million in a deal that strengthens its capabilities in defensive cyber operations and expands its customer base within the Defense Department and intelligence community. Deal terms include $175 million in cash and a potential $25 million earnout provision if SealingTech meets certain sales targets in 2024. SealingTech, which is based in Columbia, Md., is expected to have around $110 million in sales in 2024.…

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]

Congress

House Appropriators Concerned With ‘Risky’ Reconciliation Approach To Fund Munitions, F-35 Plans

The House Appropriations Committee has raised concern with the Trump administration’s “risky” approach to seeking significant fiscal year 2027 funding for key priorities such as critical munitions and F-35 procurement […]