Aerospace Group:

Fincantieri Signed Agreement To Acquire Shipbuilder STX France

Monday, May 22nd, 2017

SHARE:

Fincantieri Signed Agreement To Acquire Shipbuilder STX France

Italy’s Fincantieri has signed a purchase agreement to acquire a nearly 67 percent share of shipbuilder STX France for $89 million, Fincantieri said last Friday.The price of $89 million will be paid through available financial resources to current majority shareholder STX Europe AS. The remaining balance of shares is held by the French state. While the acquisition is pending, Fincantieri is continuing to negotiate with France for the finalization of the shareholders’ agreement for STX France in accordance with an April…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]