Business/Financial
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Homeland SecurityL3 Opens Interactive Center To Showcase, Test Passenger Screening Systems And Concepts
L3 Technologies [LLL] this week opened a new center in the Washington, D.C., area filled with its aviation security checkpoint technologies to demonstrate, showcase and test current and future capabilities […]
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Business/FinancialAEA Investors Acquires Defense Electronics Company From J.F. Lehman
The private equity firm AEA Investors earlier this month acquired the defense electronics company API Technologies Corp. from the investment firm J.F. Lehman & Company, which acquired the company in […]
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Business/FinancialSerco To Acquire Alion’s Naval Systems Business For $225 Million
Serco, Inc. on Thursday said it has agreed to acquire the Naval support business of Alion Science and Technology for $225 million, a deal that will significantly add to its […]
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InternationalLockheed, Rafael Partner to Offer SPICE Guidance Kit to U.S. Buyers
Lockheed Martin [LMT] and Israel’s Rafael Advanced Defense Systems signed a teaming agreement Thursday to jointly develop, market, manufacture and support Rafael’s Smart, Precise Impact and Cost-Effective (SPICE) guidance kits […]
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Homeland SecurityCommerce Department Will Create Interim, Final Regulations For ICT Import Ban
The Commerce Department is charged with developing regulations for implementing President Trump’s new executive order aimed at banning U.S. imports of information and communications technology (ICT) from companies that are […]
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Business/FinancialThornberry to Introduce Two Bills Related to Acquisition Reform in FY ’20 NDAA Markup
The House Armed Services Committee’s (HASC) ranking member plans to introduce two bills that would compel the Pentagon to implement acquisition reforms that Congress has passed into law, and create […]
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Business/FinancialBAE Adds President To U.S. Chief Operating Officer Arsenault’s Job
BAE Systems, Inc., the U.S.-based business of Britain’s BAE Systems plc, on Thursday said that Tom Arsenault has been named its president and chief operating officer (COO) and that Jerry […]
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CongressWarren, Speier to Introduce Bill to More Strictly Limit Ex-DoD Officials’ Revolving Door to Industry
Sen. Elizabeth Warren (D-Mass.) and Rep. Jackie Speier (D-Calif.) announced May 16 their intent to introduce new legislation that would further restrict former government officials from lobbying the Pentagon and […]
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CongressHouse Oversight Panel Says TransDigm Earned Profits Above 1,000 Percent On Multiple Programs
Aerospace parts supplier TransDigm Group Inc. [TDG] overcharged the Pentagon more than 1,300 percent on five programs examined by the House Oversight and Reform Committee, the worst examples cited by […]
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Navy/USMCDraft House Defense Spending Bill Cuts $2 Billion From Navy Shipbuilding
The draft version of House Appropriations Committee defense spending bill trims Navy shipbuilding spending by over $2 billion compared to the Defense Department’s request. It would budget $21.7 billion to […]