ManTech International [MANT] yesterday said it has agreed to acquire MTCSC Inc., a provider of C4ISR systems integration, cyber security and network engineering solutions to the U.S. military, for $75 million in cash. The deal is expected to close this year and be accretive to ManTech's earnings in 2011. MTCSC is expected to have $83 million in sales this year. MTCSC, which is based in California, holds several large contracts with the Marine Corps, which accounts for more than 50…
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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 […]
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, […]
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. […]
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 […]
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