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GeoEye Makes Bid For DigitalGlobe After Merger Rejected

Monday, May 21st, 2012

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After several months of unsuccessfully courting its primary domestic competitor in the commercial satellite imagery business, GeoEye [GEOY] recently announced a $792 million takeover offer for DigitalGlobe [DGI], saying the deal would enable the two companies to reduce costs while providing its customers, particularly the Defense Department, with a more financially sound partner ahead of looming budget cuts. GeoEye said it is offering DigitalGlobe’s shareholders $17 per share, split equally between cash and stock, although the company said it is…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]