:

Business/Financial

Eaton Closes $2.8 Billion Deal For Cobham Mission Systems

By Cal Biesecker

Tuesday, June 1st, 2021

SHARE:

Eaton Closes $2.8 Billion Deal For Cobham Mission Systems

Air-to-air refueling products and solutions are a significant part of Cobham Mission Systems' business. Photo: Cobham

Eaton [ETN] on Tuesday said it has completed its $2.8 billion acquisition of Cobham Mission Systems from the private equity firm Advent International, expanding its defense business and its offerings in fuel and environmental systems. “This acquisition, along with our prior acquisition of Souriau-Sunbank, positions our Aerospace business well for the future,” Heath Monesmith, president and chief operating officer of Eaton, said in a statement. “These are just two examples of ways we are positioning Eaton’s portfolio for higher growth,…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

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 […]