Aerospace Group:

Business/Financial

Arlington Capital Forms New Defense Manufacturing Company

By Cal Biesecker

Thursday, January 25th, 2024

SHARE:

Arlington Capital Forms New Defense Manufacturing Company

Machine mill at Keel Holdings' Pegasus facility in Charleston, S.C. Photo: Keel Holdings

Arlington Capital Partners on Thursday said it has formed Keel Holdings, LLC, a vertically integrated manufacturer of complect structures for defense programs that is designed to meet customer needs for more industrial base capacity. Keel was formed through the merger of Pegasus Steel, which Arlington Capital acquired last June, and the new acquisitions of Metal Trades, LLC, and Merrill Technologies Group. The 700-employee company has more than one million square feet of manufacturing floor space across nine facilities in Michigan…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]