Aerospace Group:

Business/Financial

BWX Technologies Completes Acquisition Of L3Harris’ Specialty Materials Unit

By Cal Biesecker

Monday, January 6th, 2025

SHARE:

BWX Technologies Completes Acquisition Of L3Harris’ Specialty Materials Unit

financial stock market graph on technology abstract background

BWX Technologies [BWXT] last week completed its $100 million acquisition of a specialty materials business of L3Harris Technologies [LHX] that is the sole provider of depleted uranium to the U.S. government, the companies said on Monday. The deal for the L3Harris Aerojet Ordnance Tennessee (AOT) business was first announced last November (Defense Daily, Nov. 4, 2023). The AOT business also provides tungsten, molybdenum, tantalum, rhenium, titanium, nickel, aluminum, copper, metal-matrix composites, metal polymer composites, reactive materials, and custom alloys used…

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]