Aerospace Group:

Business/Financial

ADG Closes Sale of Titan Dynamics Business To Chemring Group

DDN

Thursday, March 20th, 2008

SHARE:

The Allied Defense Group [ADG] this week said it has completed the sale of its Texas-based Titan Dynamics Systems subsidiary to Chemring Group PLC for $4.8 million as part of an ongoing effort to divest non-core assets and reduce debt. For United Kingdom-based Chemring, which specializes in the manufacture of decoy countermeasures and energetic materials, the acquisition builds on its current capabilities in conventional and cartridge-based military training pyrotechnics and adds the ability to design, qualify and manufacture launchers that…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]