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Sourcefire Acquires Firm That Provides Anti-Virus Software For Cloud Computing

Cyber Security firm Sourcefire [FIRE] yesterday said that it has acquired Immunet, a provider of cloud computing-based anti-malware products, that extends the company's real-time detection and prevention cyber security solutions to the cloud. Sourcefire paid $17 million in cash up front for Immunet and could pay up to $4 million more in earn out provisions over the next 18 months. The company expects the deal to be dilutive to earnings per share by 10 cents this year and at least…

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Congress Updates

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]


House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]


MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]


HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]