:

Business/Financial

Mercury Computer Acquires Micronetics

Defense Daily Staff

Thursday, August 9th, 2012

SHARE:

Mercury Computer Systems, Inc. [MRCY] yesterday said it has completed its $72 million cash purchase of Micronetics, a designer and manufacturer of microwave and radio frequency components and subsystems for defense and commercial customers. The transaction has an enterprise value of $74.9 million, about $500,000 less than when the deal was first announced in June, including $3.2 million in net debt. “The acquisition is directly aligned with our strategy of expanding our capabilities, services and offerings along the sensor processing…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]