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Business/Financial

GD’s Pending Acquisition of Axsys Clears Regulatory Hurdle

DDN

Tuesday, August 11th, 2009

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Axsys Technologies [AXYS] yesterday said that its pending purchase by General Dynamics [GD] has been granted early termination of the mandatory waiting period under the federal government's Hart-Scott-Rodino Antitrust regulations. The proposed $643 million deal must still be approved by Axsys stockholders and meet other routine closing conditions. Axsys has scheduled a special stockholder meeting for Sept. 1 for a vote on the acquisition. Axsys said that both companies continue to expect the deal to close by the end of…

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 […]