Aerospace Group:

Business/Financial

Curtiss-Wright Closes Deal For PacStar

By Cal Biesecker

Tuesday, November 3rd, 2020

SHARE:

Curtiss-Wright Closes Deal For PacStar

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

Curtiss-Wright Corp. [CW] on Monday said it has completed its $400 million acquisition of Pacific Star Communications, Inc. (PacStar), a deal that positions it as a key supplier of tactical and enterprise network communications capabilities for military modernization programs. PacStar is expected to have $120 million in sales this year and is expected to be accretive to adjusted earnings during the first year of ownership. The business, which has 145 employees, will be part of Curtiss-Wright’s Defense segment. PacStar’s software…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]