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Booz Allen can proceed with acquisition of Reston’s EverWatch

A federal judge declined to issue a preliminary injunction against McLean, Virginia-based Booz Allen Hamilton’s acquisition of Reston-based cybersecurity company EverWatch.

The Department of Justice filed an antitrust lawsuit to block the planned $440 million acquisition in June, saying it would eliminate competition for critical National Security Agency work. Booz Allen and EverWatch are both bidders on an NSA contract for signals intelligence, a surveillance-gathering method for intercepting communications.



Booz Allen is the largest government IT contractor in the D.C. region, and one of the largest employers, with almost 14,000 employees on its D.C.-area payroll. The EverWatch merger would expand its national security work for software development and analytics.

It would also expand its workforce with the highest government security clearances.

EverWatch is a portfolio company of Chevy Chase, Maryland-based investment company Enlightenment Capital. It was founded in 2017.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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