Tag Archives: justice department

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

The required waiting period for Science Applications International Corp.’s (NYSE: SAIC) proposed acquisition of the federal arm of Unisys (NYSE: UIS) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired Thursday, March 12, the companies said in a joint release published Friday.

Joe Klimavicz, formerly chief information officer of the Department of Justice, has joined KPMG as a managing director, FedScoop reported Thursday. He will advise federal agencies on cybersecurity and cloud migration in his new role at KPMG.

Thomson Reuters has secured a multiyear contract to give Department of Justice personnel access to technology platforms designed for legal research and investigative purposes. “We are honored to be of continued service to DOJ professionals and to contribute to their mission to provide public safety, prevent and investigate crime and administer justice,” said Steve Rubley, president of Thomson Reuters' government segment and a two-time Wash100 Award recipient.

A new policy alert from Washington, D.C.-based Financial Integrity Network says illegal financing threats and weaknesses in China’s anti-money laundering/countering the financing of terrorism measures increase the risk posed by criminal actors operating in the East Asian country to multinational corporations and banks worldwide. Juan Zarate, a 2016 Wash100 award recipient, is chairman and co-founder of FIN.

A new policy alert from Washington, D.C.-based Financial Integrity Network says illegal financing threats and weaknesses in China’s anti-money laundering/countering the financing of terrorism measures increase the risk posed by criminal actors operating in the East Asian country to multinational corporations and banks worldwide. Juan Zarate, a 2016 Wash100 award recipient, is chairman and co-founder of FIN.

Ellen Lord, defense undersecretary for acquisition and sustainment and a 2019 Wash100 winner, said the Department of Defense sees “no major concerns” with the proposed merger of Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX), Defense One reported Monday.

AT&T (NYSE: T) has secured a potential 15-year, $984M task order to help the Department of Justice adopt a modern communications platform designed to improve DOJ’s mission performance.

Chattanooga, Tenn.-based Walden Security has won three contracts worth up to $491.2M from the U.S. Marshals Service to provide physical security services to court facilities within the 6th, 7th and 11th federal judicial circuits.