Aerospace Group:

Business/Financial

RTI International Acquires Engility’s International Development Unit; Engility Warns Of Charge

By Cal Biesecker

Monday, January 9th, 2017

SHARE:

RTI International Acquires Engility’s International Development Unit; Engility Warns Of Charge

Engility CEO Lynn Dugle. Photo: Engility

The nonprofit research firm RTI International on Monday said it has acquired Engility Corp.’s [EGL] international development services business, which provides solutions to the State Department’s U.S. Agency for International Development (USAID). Engility said in an investment filing last Friday that the sale price is $24 million, which is less than the carrying value of the assets for its International Resources Group (IRG) business and will result in a charge of between $20 million and $30 million in pre-tax income in its…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

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 […]