:

Business/Financial

Curtiss-Wright To Acquire Battlefield Tactical Communications Provider PacStar

By Cal Biesecker

Thursday, September 24th, 2020

SHARE:

Curtiss-Wright To Acquire Battlefield Tactical Communications Provider PacStar

PacStar's product suite includes small communications modules. Photo: Curtiss-Wright

Curtiss-Wright [CW] on Thursday said it has agreed to acquire Pacific Star Communications, Inc. (PacStar) for $400 million in cash, adding battlefield tactical networking equipment and solutions to its capabilities. The acquisition is expected to close during the fourth quarter of 2020 subject to regulatory approvals. PacStar, which is based in Oregon, has about 145 employees and is expected to have more than $120 million in sales this year. Curtiss-Wright expects the acquisition to be accretive to adjusting per share…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

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 […]

Congress

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 […]