15 mai 2024 | International, Sécurité
Google Launches AI-Powered Theft and Data Protection Features for Android Devices
Google just unveiled new "private space" feature lets you keep your sensitive apps hidden and locked with a separate PIN.
9 décembre 2020 | International, C4ISR, Sécurité
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/
Sur le même sujet
-
-
12 août 2020 | International, C4ISR
Pentagon clears 100 MHz of spectrum for 5G development
Nathan Strout The Pentagon has cleared 100 megahertz (MHz) of contiguous mid-band spectrum to be used for commercial 5G following a 15-week review, determining that they can share that bandwidth while minimizing impact on military radars. While that 3450-3550 MHz mid-band spectrum is highly desired by commercial 5G developers, it's been historically used by the military for critical radar operations for air defense, missile and gunfire control, counter-mortar, bomb scoring, battlefield weapon locations, air traffic control, and range safety. But now, leaders from the Department of Defense say the Pentagon can continue using the spectrum for those purposes while making it available for commercial development. DoD Chief Information Officer Dana Deasy said the department will move toward sharing most of that spectrum without limits while setting up a Spectrum Relocation Fund Transition Plan to minimize risks. “DoD is proud of the success of the [America's Mid-Band Initiative Teams (AMBIT)] and is committed to working closely with industry after the FCC auction to ensure timely access to the band while protecting national security,” Deasy told reporters Aug. 10. The White House and Department of Defense established AMBIT to free up spectrum for 5G development quickly back in April. Over a 15-week period, the working group was able to bring together 180 subject matter experts, and ultimately were able to identify 100 MHZ of spectrum used by the military that could be safely shared with commercial 5G efforts.The decision expands the amount of connected mid-band spectrum open for 5G development to 530 MHz. The Federal Communications Commission will auction off the spectrum. One government official said action was expected by the end of this fiscal year. https://www.c4isrnet.com/industry/2020/08/10/pentagon-clears-100-mhz-of-spectrum-for-5g-development/
-
30 novembre 2023 | International, Naval
Marine Corps looks at ocean glider for rapid resupply to fight China
With speeds of 180 miles per hour, the seaglider could fill a known gap in the Marines’ high-speed logistics mission in the Pacific.