:

Business/Financial

Gryphon Acquires Schafer From Belcan

By Cal Biesecker

Monday, March 18th, 2019

SHARE:

Gryphon Acquires Schafer From Belcan

Schafer has provided technical and program support for DAPRA for the Vehicle and Dismount Exploitation Radar onboard the MQ-9 Reaper UAV. Photo: Schafer Corp.

Gryphon Technologies, Inc., on Monday said it has acquired Schafer Intermediate Holding, a provider of scientific, engineering and technical advisory services in the national security space, from Belcan, LLC. Terms of the deal were not disclosed. Gryphon and Belcan are both portfolio companies of the private equity firm AE Industrial Partners. Belcan acquired Schafer in 2017. Schafer’s customers include the military, intelligence community, Department of Homeland Security, and others. In January, the company announced it had been awarded a potential…

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 […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]