Tag Archives: investments

K2 FIN Launch CFIUS Advisory Services to Help Navigate CFIUS/FIRRMA National Security Requirements; Robert Brenner, Juan Zarate Quoted

K2 Intelligence and Financial Integrity Network (FIN) has unveiled CFIUS Advisory Services to help clients with investments, mergers and acquisitions that involve the Committee on Foreign Investment in the United States (CFIUS) and foreign investment review tools outside of the United States, the company announced on Wednesday.

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Navy Planning to Develop Multi-Domain Offensive Strike Missiles

The U.S. Navy issued a written testimony to the Senate Armed Services Committee stating plans to integrate multi-domain capabilities into its next-generation offensive missiles, USNI News reported Monday. The Navy’s Offensive Missile Strategy succeeds the Cruise Missile Strategy and includes non-nuclear offensive strike missiles with a capacity of over 50 nautical miles.

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GAO Asks IRS to Document IT Funding Priority Processes

The Government Accountability Office has called on the Internal Revenue Service to document how IRS prioritizes information technology funding and change its investment performance information reporting. The GAO said Wednesday it has examined the IRS’ process for determining the service’s fiscal year 2016 funding priorities and assessed performance information for …

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Arati Prabhakar: DARPA Aims to ‘Change What’s Possible’ With Nat’l Security Tech Investments

Dr. Arati Prabhakar, director of the Defense Advanced Research Projects Agency, said Tuesday that the agency invests in technology it believes can enhance communications, navigation, weapons and radar systems, the American Forces Press Service reported Wednesday. Cheryl Pellerin writes that Prabhakar testified at a Senate Appropriations Committee hearing Tuesday about …

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Eric Fanning: Air Force Workforce Reduction “Inevitable”

Eric Fanning, acting secretary of the Air Force, has said the branch must reduce the size of its workforce despite sequester relief in order to protect investments, the American Forces Press Service reported Friday. Amaani Lyle writes Fanning told a press conference Friday that additional funding under the two-year deal …

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GAO: 16 Programs Saw 166% 3-Year Total Increase In Funds

A Government Accountability Office report found that 68 of 71 programs in the Department of Homeland Security experienced problems in either funding instability, workforce shortage or plans falling through during implementation. In a report to Congress released Friday, GAO found funding for 16 programs initially set at $19.7 billion in 2008 …

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Pentagon Putting $9B Into Energy Strategy; Panetta, Burke Comment

The Defense Department is investing $9 billion over the next five fiscal years in initiatives for addressing energy security and diversifying energy supplies, the department announced Wednesday. For fiscal 2013, the department is setting aside $1.6 billion for the operational energy strategy. Secretary Leon Panetta said in the announcement that …

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Pensions Face Risks When Using Hedge Funds, GAO Report Says

Hedge funds and private equity investments pose a number of risks and challenges beyond those posed by traditional investments, according to a Government Accountability Office report released Wednesday. In its 17-page report, GAO found the share of large plans with hedge fund investments grew from 11 percent in 2001 to …

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