Aerospace Group:

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…

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]