Aerospace Group:

Elbit’s U.S. Subsidiary Buys ICI in "Important Move" For $15 Million

DDN

Friday, November 14th, 2008

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By B.C. Kessner The Elbit Systems of America subsidiary of Israel's Elbit Systems [ESLT] Tuesday said it acquired all shares of McLean, Va.-based Innovative Concepts, Inc. (ICI) from Herley Industries [HRLY] for $15 million cash in what one industry source close to the deal described as and very important deal for Elbit. "We are pleased to take this important step towards enhancing our command, control and networking solutions capabilities in the U.S. market," Raanan Horowitz, president and CEO of Elbit…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]