:

Business/Financial

Airborne ISR Company AEVEX Sold To Private Investors Madison Dearborn, CoVant

By Cal Biesecker

Monday, March 9th, 2020

SHARE:

Airborne ISR Company AEVEX Sold To Private Investors Madison Dearborn, CoVant

Image: AEVEX Aerospace

The private equity firm Madison Dearborn Partners (MDP) and strategic advisory firm CoVant Management on Monday said they have acquired a majority stake in AEVEX Aerospace, a provider of airborne intelligence, surveillance, and reconnaissance (ISR) technology solutions to the Defense Department and intelligence community. Terms of the deal, which is expected to close this month, were not disclosed. AEVEX is owned by the private equity firm Trive Capital. MDP and CoVant said that the founders and management team of AEVEX…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]