Aerospace Group:

Business/Financial

QinetiQ Completes Acquisition Of Avantus Federal

By Cal Biesecker

Wednesday, November 23rd, 2022

SHARE:

QinetiQ Completes Acquisition Of Avantus Federal

Shawn Purvis, president and CEO of QinetiQ US. Photo: QinetiQ

Britain’s QinetiQ Group plc on Wednesday said its U.S. subsidiary has completed a $590 million acquisition of Avantus Federal in a deal that that more than doubles the size of the U.S. business and expands its presence in the federal market. Avantus, which is based in Northern Virginia, provides cyber, data analytics and software development solutions to the Departments of Defense and Homeland Security, the intelligence community and other federal agencies. The deal was first announced on Aug. 5 and…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]