:

Business/Financial

J.F. Lehman Acquires Firm Servicing U.S. Government Vessels

By Cal Biesecker

Thursday, March 31st, 2016

SHARE:

J.F. Lehman Acquires Firm Servicing U.S. Government Vessels

Photo: American Scaffold

The private equity firm J.F. Lehman & Company on Thursday said it has acquired American Scaffold in partnership with company management, adding to its portfolio of companies in the maritime industry.Terms of the deal were not disclosed.American Scaffold, which is based in San Diego, provides scaffolding systems and environmental containment solutions for the maintenance, repair and overhaul of United States government vessels, including Navy ships. The company has about 300 employees across the U.S.American Scaffold is “an excellent fit with…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]