:

Business/Financial

ADG Shareholders Clear Way For Chemring Purchase

DDN

Wednesday, September 1st, 2010

SHARE:

Britain's Chemring Group is expected to close its acquisition of The Allied Defense Group [ADG] today after ADG's stockholders yesterday voted to authorize the sale of their company. Chemring in January announced that it had agreed to acquire ADG for $59 million to expand its ammunition products and related services. Under the asset purchase, Chemring will be acquiring ADG's Belgium-based Mecar SA, a provider of medium and large caliber ammunition, particularly for light armored vehicles, and Texas-based Mecar USA, which…

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]