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M&A Activity

Walt Havenstein Resigns BAE Systems Post

BAE Systems announced executive director Walt Havenstein‘s decision to leave today. Effective June 26, 2009 Walt has resigned as director and COO, BAE Systems plc and as President and CEO, BAE Systems, Inc. and will leave the employ of BAE Systems, Inc. September 20, 2009. General Tony Zinni (USMC ret.), …

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Raytheon Commits to Cyber Security

Steven Hawkins, vice president of Raytheon’s Information Security Solutions in the Intelligence and Information Systems unit, said at the Paris International Air Show that cyber security will increase to become one of Raytheon’s main revenue producing-divisions in the coming years. “It is a significant focus area for the corporation, ” Hawkins said, …

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Boeing to Buy eXMeritus

Boeing announced Monday that it has signed a deal to buy Fairfax-based hardware and software maker eXMeritus,  whose products enable federal and law enforcement clients to securely share information across networks and systems. Financial terms were not disclosed.  The acquisition compliments last year’s purchases of Digital Receiver Technology, Ravenwing and Kestrel Enterprises, and Boeing says …

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SAIC Wins $21 Million DoD Cybersecurity Training Contract

Science Applications International Corporation of San Diego, CA has announced that it will provide cyber security training to Department of Defense (DoD) personnel, under a prime task order through the Defense Information Systems Agency’s (DISA) ENCORE II contract. The contract has a 1-year base period of performance and 4 one-year …

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Microsoft unveils Open Government Data Initiative

Microsoft has revealed its Open Government Data Initiative (OGDI) program, an initiative allowing government agencies and software developers to freely interact with and share data through the upcoming Windows Azure cloud services platform. The initiative will provide industry-standard levels of accessibility and security to existing government data protocols by providing …

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Cybersecurity Remains a Hot Commodity Despite Recession

According to an article in USA Today, firms that deal with cyber security are booming, even while the rest of the economy is busting. America’s Growth Capital (AGC) reports that 55 security firms have already been acquired this year. The article cites two main sources for this seemingly constantly increasing …

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Potomac Officers Club Announces Michael Chertoff as Speaker for June 30th Luncheon

Mark your calendars for the members only Potomac Officers Club event featuring former Secretary of Homeland Security, Michael Chertoff.  The luncheon will be on Tuesday, June 30th from 11:30 to 1:30 at the Ritz Carlton, Tysons Corner, Salon 3.   REGISTER TODAY! Please note that this event is open ONLY …

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2010 Budget Likely to Increase Funding to Cybersecurity

President Obama’s fiscal 2010 budget is set to significantly increase the funding allocated to cybersecurity. In the budget request released on May 7, the Department of Homeland Security asked for $918 million to support the Office of Infrastructure Protection, $400 million of which will be spent on expanding the national …

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