:

Business/Financial

Providence Equity Completes Acquisition of SRA

Defense Daily Staff

Thursday, July 21st, 2011

SHARE:

The private equity firm Providence Equity Partners has completed its nearly $2 billion purchase of SRA International, taking the publicly traded company private. SRA was founded in 1978 and went public in 2002. SRA, which is an information technology and services firm serving the national security and federal civilian markets, will retain its name. Ernst Volgenau, the founder of SRA, will continue to service as the company’s chairman. Providence owns another government services firm, Altegrity.

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 […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]