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Business/Financial

Honeywell To Acquire Maker Of Safety, Personal Protective Gear

DDN

Monday, April 7th, 2008

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Honeywell [HON] on Friday said it has agreed to acquire Norcross Safety Products, LLC, a provider personal protective equipment for the fire service, utility and general industrial markets, for $1.2 billion. Norcross, which is majority owned by Odyssey Investment Partners, makes a wide range of products for emergency responders, electrical and industrial workers, including helmets, thermal imagers, breathing apparatuses, apparel and boots. The company had $609 million in sales last year. Honeywell said the deal will allow it to bolster…

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]

Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]