:

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,…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]