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Business/Financial

ADG Shareholders Clear Way For Chemring Purchase

DDN

Wednesday, September 1st, 2010

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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

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

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 […]