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
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Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]
CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year
A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]
Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation
NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]
HII Executive Outlines Its Shipbuilding Acceleration Strategy
An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]