:

GeoEye Makes Bid For DigitalGlobe After Merger Rejected

Monday, May 21st, 2012

SHARE:

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

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]