Aerospace Group:

Business/Financial

BAE Completes Sale Of Its Share In South Africa Land Systems Business To Denel

By Cal Biesecker

Tuesday, April 28th, 2015

SHARE:

BAE Completes Sale Of Its Share In South Africa Land Systems Business To Denel

Denel's G6 155mm self-propelled artillery gun. The company has acquired BAE's Land Systems business unit in South Africa. Photo: Denel

Britain’s BAE Systems plc on Tuesday said it has completed the sale of its 75 percent stake in a land systems business based in South Africa to Denel SOC Limited for $55.2 million.The deal to sell its holding in BAE Systems Land Systems South Africa (LSSA) was first announced last August and also included the divesture by DGD Technologies Proprietary Limited of its 25 percent stake in LSSA. Denel is a South African-based defense company.Erwin Bieber, president of the Platform…

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 […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]