Aerospace Group:

Army

GD To Buy Force Protection, Boosting Tactical Vehicle Portfolio, International Opportunities

Defense Daily Staff

Tuesday, November 8th, 2011

SHARE:

General Dynamics [GD] yesterday said it has agreed to acquire tactical wheeled vehicle designer and manufacturer Force Protection [FRPT] for about $360 million in cash, in a deal that expands its portfolio of military vehicles, particularly for blast and ballistic protected vehicles, and provides it with additional opportunities overseas and in the United States. The purchase price “would be offset by about $122 (million) in net cash at FRPT, to make a net $238 (million) purchase, a relatively small transaction…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]