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CYBER WARS
Pentagon boosts spending to fight cyber attacks
by Staff Writers
Washington (AFP) Feb 25, 2016


Ducommun selling Miltec subsidiary to General Atomics
Los Angeles (UPI) Feb 25, 2016 -Ducommun Inc is selling its Miltec Corporation subsidiary to General Atomics for $14.6 milion in cash to better focus on its core business.

The purchase price agreed to under a definitive agreement is subject to post-closing adjustments and is subject to customary closing conditions, Ducommun said.

"With the sale of Miltec, we are taking another proactive step in focusing our energy, attention and resources on the strategic areas that are core to Ducommun's growth and financial performance going forward," said Anthony J. Reardon, Ducommun chairman and chief executive officer. "We believe that our current portfolio is now better positioned to support our vision to provide unique, value-added solutions and technologies to the aerospace, defense and related end markets."

Miltec provides engineering, technical and program management services, mainly to the U.S. Department of Defense and U.S. intelligence agencies for advanced weapons systems and military defense systems. Last year it had sales of about $28.2 million.

Ducommun provides engineering and manufacturing services to the aerospace, defense and other industries.

The Pentagon plans to spend an additional $900 million in the coming year to boost cyber defense measures, Defense Secretary Ashton Carter said Thursday.

US officials are still reeling from last year's revelation that personal data from some 20 million federal employees, contractors and others had been hacked in a massive breach at the Office of Personnel Management.

The military worries about being targeted by an array of hackers, including national adversaries such as North Korea and non-sovereign players like the Islamic State group.

"Given the increasing severity and sophistication of the threats and challenges we're seeing in cyberspace -- ranging from (IS's) pervasive online presence to the data breaches at the Office of Personnel Management -- the budget puts a priority on funding our cyber strategy," Carter said in a written statement to the House Appropriations Committee.

The Pentagon will spend a total of $6.7 billion in the 2017 budget -- up 15.5 percent from the previous year. In all, the Pentagon is projected to spend $34.6 billion over the coming five years.

Carter said the spending reflected the Pentagon's commitment to deterring "even the most advanced adversaries" and noted that the budget also invests in cyber warfare capabilities, including building potential cyber "military response options."

The risk of cyber attacks is noted as significant in the latest intelligence reports, Director of National Intelligence James Clapper told lawmakers on Thursday.

"Devices, designed and fielded with minimal security requirements and testing, and an ever-increasing complexity of networks, could lead to widespread vulnerabilities in civilian infrastructures and US government systems," Clapper told the US House Intelligence Committee.


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