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DigitalGlobe To Acquire GeoEye In $900 Million Deal After Rocky Courtship

Friday, July 27th, 2012

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DigitalGlobe, Inc. [DGI] recently said it has agreed to acquire GeoEye, Inc. [GEOY], its primary United States-based competitor in the satellite earth imagery and geospatial analysis market, in a stock and cash deal valued at $900 million. The merger agreement follows several months of bids and counter-bids by both companies to acquire the other, beginning with an undisclosed offer by GeoEye in February. The merger offers became public in May when GeoEye made another unsolicited, and ultimately unsuccessful, offer for…

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]