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May 1, 2024 | International, Aerospace

Space acquisitions chief wants more authority to blacklist contractors

Frank Calvelli told lawmakers that while the Contractor Responsibility Watch List is a helpful tool, he'd like to see its authorities expanded.

https://www.defensenews.com/battlefield-tech/space/2024/05/01/space-acquisitions-chief-wants-more-authority-to-blacklist-contractors/

On the same subject

  • SAIC to buy rival government services contractor Engility for $1.5 billion

    September 11, 2018 | International, C4ISR

    SAIC to buy rival government services contractor Engility for $1.5 billion

    WASHINGTON (Reuters) - Science Applications International Corp (SAIC) (SAIC.N) said on Monday it will acquire Engility Holdings Inc (EGL.N) for $1.5 billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor. The acquisition is the latest example of how increased defense spending under President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from outdated computer systems to space exploration. Engility shareholders will receive $40.44 in SAIC stock for each of their shares, an 11.5 percent premium to Engility's closing price of $36.24 on Friday, the companies said. SAIC will assume $900 million in Engility debt, giving the deal a total value of about $2.5 billion. On completion of the deal early next year, SAIC's board will expand to 11 seats from nine, and SAIC shareholders will own about 72 percent of the combined company. Engility, based in Chantilly, Virginia, provides skilled personnel to the U.S. departments of defense, homeland security and justice, among others. The acquisition will boost SAIC's offerings to its space customers and expand its customer base in the intelligence community, SAIC Chief Executive Tony Moraco said in an interview. The increased U.S. defense budget and a two-year budget deal reached earlier this year that lifted caps on defense spending also emboldened SAIC to pursue the deal, Moraco added. Full article: https://www.reuters.com/article/us-engilityholdings-m-a-saic/saic-to-buy-rival-government-services-contractor-engility-for-1-5-billion-idUSKCN1LQ1CG

  • Japan reemerges as an Asia-Pacific military power - Army Technology

    July 15, 2024 | International, Naval, Land, Security

    Japan reemerges as an Asia-Pacific military power - Army Technology

    The country's new Defence White Paper outlines its military plans, including taking primary responsibility for national defence from 2027.

  • US Navy increasingly factoring climate change into exercises

    September 7, 2022 | International, Naval

    US Navy increasingly factoring climate change into exercises

    The U.S. Navy's climate strategy paints climate change as one of the '€œmost destabilizing forces of our time,'€ aggravating other national security issues.

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