Recent Posts

Red Hat to Hold Special Stockholders’ Meeting on IBM Merger

Shareholders in Red Hat (NYSE: RHT) will vote Jan. 16 on whether to approve IBM‘s (NYSE: IBM) proposed $34B acquisition of the Raleigh, N.C.-based open source technology provider. A Dec. 11 record date has been established for Red Hat’s special meeting of stockholders, the company said Monday. IBM first announced Oct. 28 it would acquire Red …

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Speedcast Receives CFIUS Clearance for Globecomm Deal

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end of 2018, pending customary closing conditions. On Aug …

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McAleese & Associates: Trump Backs $733B to $750B Defense Budget for FY 2020

A new McAleese & Associates report says President Donald Trump appears to have expressed support to a defense budget request of $733B to $750B for fiscal year 2020 following his meeting with lawmakers and other government officials. Trump met with Defense Secretary James Mattis; National Security Adviser John Bolton; Senate Armed Services Committee …

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Jose Ignacio Garcia to Join Spirit AeroSystems as SVP, CFO

Jose Ignacio Garcia, a two-decade veteran of General Electric (NYSE: GE), has been appointed senior vice president and chief financial officer at aircraft components manufacturer Spirit AeroSystems (NYSE: SPR). His appointment is effective Jan. 9 and he will succeed Sanjay Kapoor, who is due to retire as Spirit AeroSystems CFO in the …

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Four Contractors Awarded $86M Navy Construction IDIQ Modification

Four companies will continue to support the U.S. Navy‘s contingency construction projects worldwide under an $86M shared contract modification. The Navy could require contractors to help manage base operations and provide engineering services for natural disaster, humanitarian assistance and conflict response efforts, the Department of Defense said Monday. AECOM‘s (NYSE: ACM) URS …

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RER Wins 100M Contract for SBA Data Analysis, Loan Recommendation Services

RER Solutions has won a potential five-year, 100M contract to help the U.S. Small Business Administration analyze data in disaster loan applications and provide recommendations to the SBA’s Office of Disaster Assistance. The agency said Friday in a FedBizOpps it received 10 proposals for the indefinite-delivery/indefinite-quantity contract and selected the winning contractor using …

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