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Business/Financial

Detica Acquisition Would Give BAE Foothold In U.K. Security Market

DDN

Tuesday, July 29th, 2008

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By Calvin Biesecker United Kingdom-based BAE Systems yesterday said it has offered $1.1 billion in cash to acquire U.K.-based Detica Group, an information technology security company that opens a new domestic market for BAE and expands its security business in the United States. Detica focuses on helping its clients collect, manage and exploit information to identify and counter threats to the public, state and commercial enterprises. The proposed acquisition, which is expected to close later this year pending approvals from…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]