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Business/Financial

HEICO To Acquire Aerospace Component Manufacturer Reinhold Industries

Defense Daily Staff

Tuesday, May 7th, 2013

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HEICO Corp. [HEI.A] yesterday said it has agreed to acquire Reinhold Industries, a designer and manufacturer of niche components and composite assemblies for commercial aviation, defense and space applications, expanding its product line. Terms of the deal, which is expected to close in June following regulatory reviews, were not disclosed. HEICO, which makes and repairs aircraft parts and electronics, said the deal is expected to be accretive to earnings within the first year of closing. Reinhold, which is currently owned…

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 […]