:

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…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]