Aerospace Group:

Business/Financial

HEICO Acquires Composites Manufacturer Carbon By Design

By Cal Biesecker

Tuesday, June 20th, 2017

SHARE:

HEICO Acquires Composites Manufacturer Carbon By Design

Carbon by Design provides manufacturing services for unmanned aerial vehicles. Photo: HEICO

Aerospace and electronics manufacturer HEICO Corp. [HEI] on Tuesday said it has acquired Carbon by Design, a manufacturer of composite components for unmanned aerial vehicles (UAV), rockets, spacecraft and other applications, further expanding the company’s composites capabilities.Terms of the deal were not disclosed. HEICO said the acquisition is expected to be accretive to its earnings within the first year following closing of the transaction.“Carbon by Design continues our expansion in proprietary composites solutions for extremely demanding technical requirements,” Laurans Mendelson,…

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]