MeriTalk compiles a weekly roundup of contracts and other industry activity. Here’s what happened this week in the Federal Information Technology community.
Symantec to Acquire LifeLock Identity Protection
Symantec has announced that it will acquire the identity protection service LifeLock for $2.3 billion, a deal that is expected to close in the first calendar quarter in 2017. “As we all know, consumer cyber crime has reached crisis levels. LifeLock is a leading provider of identity and fraud protection services, with over 4.4 million highly satisfied members and growing. With the combination of Norton and LifeLock, we will be able to deliver comprehensive cyber defense for consumers,” said Greg Clark, Symantec’s CEO. “This acquisition marks the transformation of the consumer security industry from malware protection to the broader category of Digital Safety for consumers.”
BAE Gets Contract for Advanced Aircraft Power Systems
The U.S. Naval Air Systems Command Warfare Center awarded BAE Systems Information & Electronic Systems Integration a $2,712,500 contract to develop advanced aircraft power systems. Under the contract, BAE Systems will provide fuel technology, aircraft energy conservation and environmental compliance services, propulsion and power systems, condition-based maintenance, prognostics, diagnostics and health monitoring, advanced propulsion system technology, and alternative engine exhaust concepts.