:

Business/Financial

Parsons, SAIC Complete Acquisitions

By Cal Biesecker

Wednesday, July 7th, 2021

SHARE:

Parsons, SAIC Complete Acquisitions

Parsons Chairwoman, President and CEO Carey Smith. Photo: Parsons

Parsons Corp. [PSN] and Science Applications International Corp. [SAIC] have completed recently announced acquisitions to add capabilities and scale in cyber and federal health information technology respectively. Parsons this week said it completed its $203 million deal for BlackHorse Solutions, expanding its capabilities in cyber, electronic warfare, and information dominance. Parsons, which in June announced its intent to acquire BlackHorse, said the deal is consistent with its strategy of accretive acquisitions with sales and operating margins above 10 percent that…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]