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SAIC To Acquire Engility To Increase Scale, Diversify

By Cal Biesecker

Monday, September 10th, 2018

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SAIC To Acquire Engility To Increase Scale, Diversify

SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] Monday morning said it has agreed to acquire fellow government technology services provider Engility Holdings [EGL] in a $2.5 billion stock deal that gives it more scale and complementary capabilities and customer sets, including expansion in the intelligence area and military space market.SAIC said that once the deal closes, which is expected during the company’s fourth quarter that begins in November, it will have about $6.5 billion in annual sales, making it the second largest…

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 […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]