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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…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]