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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…

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 […]