Defense contracting giant Northrup Grumman is set to buy Australian company M5 Network Security.
The deal will help Northrup broaden its client portfolio amid dwindling defense sales and concerns about sequestration.
Its cybersecurity unit, Information Systems, saw a nine percent decrease in sales last quarter. Northrup CEO Wes Bush told Next Gov that with the acquisition, the company planned to provide cybersecurity services to Australian customers.
This story is part of Federal News Radio’s daily Cybersecurity Update. For more cybersecurity news, click here.
Tom Temin is the host of The Federal Drive, which airs from 6-8 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.