United Kingdom-based Cobham plc said it has reached agreement to acquire the share capital of the U.S. privately-owned RVision Inc. for $28 million payable in cash on completion. Additional cash consideration of up to $20 million is payable between 2012 and 2014, contingent on future performance. Cobham continues to expand its reach in the United States after such recent acquisitions as SPARTA Inc. and ADG Microwave Systems unit in 2008, and Argotek Inc. in 2009 (Defense Daily, Jan. 17, Aug.…
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Congress Updates
Top House Defense Appropriator Calvert Officially Wins Reelection Bid
Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]
No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says
Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]
Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA
More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]
Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave
Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]
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