For years, Esri has been an industry leader in geographic information system (“GIS”) and mapping software solutions. As the dominant pure-play GIS provider, it has continued to increase its share of the market through its robust enterprise product offering, and continued reinvestment in improving its products.
A debt ceiling agreement remained elusive this week, with the Senate rejecting the House’s “Cut, Cap and Balance” Plan on Friday. Nevertheless, President Obama and House Speaker Boehner seemed to be moving closer toward a deficit reduction deal cutting as much as $3 trillion in spending coupled with revenues of $1 trillion from tax code overhauls.
We all look forward to the release of a new movie and the excitement or drama it hopes to portray. As an investment banking firm that covers cyberspace, we too look forward to new releases of special recommendations or industry news that everyone will be talking about. However, despite hundreds of articles and news reports on the cyber world each week, it seems much of the recent cyber chatter has become outmoded.
The past decade has been a ripe contracting environment in support of Department of Defense (“DoD”) activities in Iraq and Afghanistan. As of early 2011, the DoD had an estimated 150,000+ contractors in Iraq and Afghanistan.
White House Chief of Staff Bill Daley announced Monday that the U.S. will delay $800 Million in Pakistan Aid, citing a “low point” in the relationship following the May 2nd raid that killed Osama bin Laden. Daley cited concerns over recent actions taken by Islamabad, such as arresting an army general accused of aiding the CIA in the operation and expelling more than 100 U.S. military personnel.
SAIC announced first quarter 2012 earnings last month that not only showcased the challenges of the current low-to-no growth macro spending environment and budget pressures, but also the growth opportunity and commensurate heightened M&A rationale for Intelligence, National Security, and healthcare IT assets.
The Department of Defense (“DoD”) announced on Thursday that Deputy Secretary of Defense William Lynn will resign his post after completing the current budget review. Having worked in defense strategy since 1982, his accomplishments as Deputy Secretary included leading the DoD’s budget process, playing a key role in developing a new cyber strategy, and developing a new operational energy strategy.
Thursday marked former Defense Secretary Robert Gates’s last day as head of the Department of Defense. His accomplishments include directing the troop surges in Iraq and Afghanistan, realigning budget priorities, and identifying $100 billion in savings over 5 years even before President Obama’s recent request, instilling a “culture of savings and restraint” in the military.