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Business/Financial

ATK Expanding Sporting Portfolio In Big Way With Bushnell Acquisition

Defense Daily Staff

Friday, September 6th, 2013

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ATK [ATK] yesterday said it has agreed to acquire Bushnell Group Holdings for $985 million in cash, a global provider of hunting and sports optics and other outdoor accessories, adding new products and customers to the company’s fast growing sporting business. The acquisition would significantly alter the shape of ATK’s overall portfolio. After closure, ATK’s Sporting Group, which currently consists of ammunition, rifles and shotguns, and various tactical accessories, would account for 45 percent of the company’s revenue, and commercial…

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]