Aerospace Group:

Business/Financial

Aerojet Rocketdyne To Acquire L3 Business Unit That Builds Target Missiles

By Cal Biesecker

Wednesday, February 22nd, 2017

SHARE:

Aerojet Rocketdyne To Acquire L3 Business Unit That Builds Target Missiles

Aerojet Rocketdyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

Aerojet Rocketdyne [AJRD] on Wednesday said it has agreed to acquire Coleman Aerospace from L3 Technologies [LLL] for $15 million in cash, in a deal that will add the design and production of target ballistic missiles to its portfolio.Coleman is expected to have $40 million in sales this year. The unit has about 150 employees.Coleman is based in Florida and develops and integrates air and ground-launched ballistic missile targets and mission planning for the Missile Defense Agency, and hypersonic testing…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]