Britain's Cobham plc on Tuesday said it has agreed to acquire the radio frequency and microwave components and subsystems business of M/A-COM from Tyco Electronics [TEL] for $425 million in cash as it continues to build out its portfolio in the aerospace and defense space. The acquisition is part of Cobham's strategic plan to become a global Tier 2 supplier of integrated radio frequency front ends for radars and electronic warfare systems, the company said. Cobham, which has made 10…
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Congress Updates
Trump Wants Second Reconciliation Bill On His Desk By June 1
President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]
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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 […]
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 […]