:

GD To Acquire Tactical Wireless Communications Firm Fortress Technologies

DDN

Thursday, June 30th, 2011

SHARE:

General Dynamics [GD] recently said it has agreed to acquire Fortress Technologies Inc., a developer and supplier of secure wireless networking equipment for United States military and government customers. Terms of the deal, which is expected to close in the third quarter of 2011 subject to regulatory approvals, were not disclosed. GD expects the acquisition to be accretive to earnings in 2012. Fortress has a portfolio of commercially-based mesh networking products for secure wireless local area networking used for battlefield…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]