:

Business/Financial

HGH Infrared Systems Acquires Electro Optical Industries

By Cal Biesecker

Monday, June 20th, 2016

SHARE:

HGH Infrared Systems Acquires Electro Optical Industries

HGH Infrared Systems Spynel long-range panoramic surveillance camera. Photo: HGH

HGH Infrared Systems on Friday said it has acquired Electro Optical Industries (EOI), giving it development and manufacturing capabilities for products in test equipment and calibration instrumentation for government and commercial applications.Terms of the acquisition were not disclosed. The new entity is named Electro Optical Industries Inc.HGH specializes infrared technology and EOI’s products are used in the aerospace and defense industry and research and development laboratories.HGH is based in France with its United States operations based in Massachusetts. EOI is…

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 […]