Cisco Issues Urgent Fix for ASA and FTD Software Vulnerability Under Active Attack

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  December 9, 2020 | International, C4ISR, Security

  Northrop sells IT business to Veritas Capital for $3.4B

  WASHINGTON — Northrop Grumman has struck a $3.4 billion deal to sell its federal IT and mission support business to Veritas Capital. The agreement, announced Dec. 7, is expected to close by June 2021. At that point, Veritas plans to incorporate the Northrop business units with Peraton, a Veritas subsidiary that supports government customers and specializes in technology products for the space, defense and intelligence markets. Northrop is expected to generate $2.3 billion in revenue, which will be funneled into share repurchases and debt retirement, the company said in a news release. “This divesture allows us to drive value and reflects our strategy of focus on growing core businesses where technology and innovation are the key differentiators,” said Kathy Warden, Northrop's CEO and president. “We expect to create compelling value to our shareholders through this transaction and execution of our capital allocation strategy.” Reports of the sale first surfaced in October. Byron Callan, an analyst with Capital Alpha Partners, said that the sale shows there is still isn't consensus within the defense industry on how to organize IT and services businesses alongside more traditional hardware business units for products like aircraft, vehicles or other weapons. Callan pointed to Lockheed Martin's sale of its information and global services business to Leidos in 2016; L-3′s sale of its IT solutions division to CACI in 2015; and Harris' sale of its IT business to Veritas in 2017, which later became Peraton. However, other major companies have acquired government IT companies, such as General Dynamics's purchase of CSRA in 2018. “We have believed that as DoD spending flattens in the 2020s, primes could seek to jettison ‘non-core' businesses that will still be profitable, but face declining sales or more intense competition,” Callan wrote in an email to investors. https://www.c4isrnet.com/industry/2020/12/08/northrop-sells-it-business-to-veritas-capital-for-34b/

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  March 6, 2019 | International, Aerospace, Land

  UK Army robotics receive £66m boost

  The Defence Secretary has committed £66m of defence's new multi-million-pound Transformation Fund to fast-track military robotic projects onto the battlefield this year. It was announced today at the Autonomous Warrior Exploitation Conference at the Science Museum, Kensington that the British Army will benefit from: New mini-drones, providing troops with an eye-in-the-sky to give them greater awareness to outmanoeuvre enemies on the battlefield. Systems to fit Army fighting vehicles with remote-control capability, so they can be pushed ahead of manned vehicles and used to test the strength of enemy defences. New autonomous logistics vehicles which will deliver vital supplies to troops in warzones, helping remove soldiers from dangerous resupply tasks so they can focus on combat roles. Defence Secretary Gavin Williamson said: This announcement is a clear demonstration of how our Armed Forces are reaping the benefits from our new multi-million Transformation Fund. Each of these new technologies will enhance our Army's capabilities whilst reducing the risk to our personnel and I'm delighted we will be revolutionising frontline technology by the end of the year. The MOD has always embraced pioneering technology and this fund will ensure the UK stays at the forefront of global military capabilities and ahead of our adversaries. The injection of funding from the new £160m Transformation Fund will see some of this equipment set to deploy to the likes of Estonia, Afghanistan and Iraq before the end of the year. The Defence Secretary will also look to make a further £340m available as part of the Spending Review. The investment comes after the Army tested a range of projects as part of the biggest military robot exercise in British history at the end of last year, Exercise Autonomous Warrior. Yesterday, the Defence Secretary visited 16 Air Assault Brigade in Colchester which will be among the recipients of the new battlefield technologies. He discussed how the new equipment will benefit troops on the ground to help increase their safety and combat effectiveness. The Brigade is specially trained and equipped to deploy by parachute, helicopter and air-landing. Its core role is to maintain the Air Assault Task Force, a battlegroup held at high readiness to deploy worldwide for a full spectrum of missions. Chief of the General Staff Sir Mark Carleton-Smith said: Rapid adaptation is an essential ingredient for success on the battlefield. The fielding of the next generation of armoured fighting vehicles and ground-breaking robotic and autonomous systems will keep the British Army at the cutting edge of battlefield technology, improving our lethality, survivability and competitive advantage. Assistant Head of Capability Strategy and Force Development, Colonel Peter Rowell said: Robotic and autonomous systems make our troops more effective; seeing more, understanding more, covering a greater area and being more lethal. They unshackle them from the resupply loop. These are game-changing capabilities; and not just for combat operations. They are equally useful in humanitarian and disaster relief operations. After securing an extra £1.8bn for defence and overseeing the Modernising Defence Programme, the Defence Secretary has dedicated millions of pounds to transforming defence, arming the British military with innovative technology through fast-tracking new projects. The MOD is embracing transformation at an ever-faster rate and the Transformation Fund is focused on investments in truly high-tech innovation that will create the armed forces of the future. https://www.gov.uk/government/news/army-robotics-receive-66m-boost

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  April 1, 2024 | International, Naval

  RTX cyber and intel business becomes Nightwing following sale

  “Nightwing may be a new name, but we’re no amateurs,” the company's website reads.