Aerospace Group:

Business/Financial

Chemring Agrees To Acquire Countermeasures Assets From Esterline

By Cal Biesecker

Wednesday, November 25th, 2015

SHARE:

Chemring Agrees To Acquire Countermeasures Assets From Esterline

Aircraft infrared countermeasures products offered by Esterline's Wallop subsidiary. Photo: Esterline

Britain’s Chemring Group on Wednesday said it has agree to buy countermeasures assets from a United Kingdom-based subsidiary of Esterline Corp. [ESL] for $3.8 million plus a potential earnout provision worth up to $13.6 million.The deal is expected to close in early 2016 subject to U.K. regulatory approvals.Chemring is buying patents, equipment, stock and selected contracts of Esterline’s Wallop Defence Systems subsidiary. The assets included in the deal include military aircraft infrared decoy flare countermeasures.The sale by Esterline is part…

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 […]