:

Israeli Private Equity Firm To Acquire Majority Stake In IAI Satellite Business

By Cal Biesecker

Friday, November 10th, 2017

SHARE:

Israel Aircraft Industries (IAI) on Nov. 6 said that it has agreed to have the private equity firm FIMIinvest $40 million in its satellite imagery services business, ImageSat International (ISI), in exchange for 54 percent stake in the business.Terms of the deal include ISI buying the new EROS C observation satellite from IAI, and for ISI to pay IAI $35 million on the transaction closing date to cover part of the outstanding shareholders' loan.FIMI is the largest private equity fund in Israel.…

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]