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Business/FinancialVeritas Completes $3.4 Billion Acquisition Of Northrop Grumman’s IT Business
Veritas Capital on Monday said it has completed its $3.4 billion acquisition of Northrop Grumman’s [NOC] government information technology (IT) services business, which will be combined with its portfolio company […]
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Business/FinancialEaton To Acquire Cobham’s Mission Systems Business For $2.8 Billion
Eaton [ETN] on Monday said it has agreed to acquire the Mission Systems business of Britain’s Cobham for $2.8 billion, a deal it said boosts its defense business and adds […]
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SpaceAir Force Paid $787.2 Million to Northrop Grumman, Blue Origin for Meeting LSA Development Milestones
While the U.S. Air Force said that it did not pay termination costs to Northrop Grumman [NOC] and Blue Origin for ending their Launch Service Agreement Other Transaction Authority (LSA […]
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Business/FinancialL3Harris Boosts Dividend, Authorizes $6 Billion Share Repurchase Program
L3Harris Technologies [LHX] on Thursday said its board has approved a 20 percent increase in its quarterly cash dividend and authorized a new $6 billion share repurchase program, demonstrating confidence […]
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CongressCornyn, Hassan Reintroduce National Guard Cyber Security Bill
Sens. Maggie Hassan (D-N.H.) and John Cornyn (R-Texas) on Wednesday reintroduced legislation to authorize the National Guard’s role in assisting state and local governments to strengthen their cyber security infrastructure. […]
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Nuclear ModernizationU.S. Officially Proposes Five-Year New START Extension; Russia Accepts
Moscow on Wednesday approved an official request by the U.S. to extend the New START nuclear arms control treaty with the Russian federation for five years, media reported. The U.S. […]
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ArmyArmy Aims To Push Extended Range Cannon Artillery’s Lethality, Rate Of Fire In 2021
The Army remains on track for initial fielding in 2023 of its new Extended Range Cannon Artillery (ERCA) system, designed to hit targets out to 70 kilometers, with plans this […]
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Business/FinancialVeritas To Acquire Perspecta For $7.1 Billion, Elevating Peraton To Top-Tier
Veritas Capital on Wednesday said it has agreed to acquire federal services provider Perspecta [PRSP], which will be combined with Peraton to create a top-tier federal technology and services company. […]
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CongressRep. Betty McCollum To Chair House Appropriations Defense Subcommittee
Rep. Betty McCollum (D-Minn.) is the new chair of the House Appropriations Subcommittee on Defense (HAC-D), the full committee’s chairwoman said Monday. McCollum, who served as the HAC-D vice chair […]
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CongressHouse Chairs Agree To Work More Closely With Homeland Security Committee On DHS Oversight
Attempting to resolve a long-standing issue of widely distributed jurisdiction over policy matters related to the Department of Homeland Security, 10 House committee chairs on Monday agreed to regular authorization […]
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