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Business/Financial

Berkshire To Buy Aerospace Component Supplier Precision Castparts for $37 Billion

Monday, August 10th, 2015

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Berkshire To Buy Aerospace Component Supplier Precision Castparts for $37 Billion

Major aerospace component manufacturer Precision Castparts Corp. [PCC] is being sold to Berkshire Hathaway for $37 billion, the companies said Monday.At $235 dollars per share for the outstanding PCC shares Berkshire doesn’t already own, the acquisition is the largest in billionaire investor and Berkshire chief executive Warren Buffett’s career.PCC is the industry leader in building castings used to build jet engines. Its largest customers are aerospace industry giants Lockheed Martin [LMT], Northrop Grumman [NOC] and Boeing [BA]. PCC also builds…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]