Aerospace Group:

Business/Financial

TeleCommunication Systems Acquires Small Firm Specializing In Cyber Security

DDN

Thursday, November 5th, 2009

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TeleCommunication Systems Inc. [TSYS] this week said it has acquired Solvern Innovations Inc., a provider of wireless communications products and solutions and training to customers in the Department of Defense and intelligence community. Terms of the deal were not disclosed, although TCS said the purchase included cash, one million shares of its common stock, and an additional consideration based on Solvern's gross profits in 2010 and 2011. Stephens Inc. security analyst Tim Quillin pegs the price of the deal at…

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 […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]