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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Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage
The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]
Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives
Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]
All Future Systems Should Have Autonomy Features, Reed Says
Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]
Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says
Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]
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