Sources say 4 defense contractors have bid for electronic surveillance and intelligence company...

|By:, SA News Editor

Sources say 4 defense contractors have bid for electronic surveillance and intelligence company Applied Signal Technology (APSG -0.1%), now on the auction block. Reflecting changing military budget priorities, the defense industry desperately needs cybersecurity capabilities. Other potential buyout targets include Essex Corp. (KEYW +1%) and Mercury Computer Systems (MRCY +1.%).