Aerospace Group:

Business/Financial

J.F. Lehman Acquires L3Harris’ Narda-MITEQ Unit

By Cal Biesecker

Tuesday, December 7th, 2021

SHARE:

J.F. Lehman Acquires L3Harris’ Narda-MITEQ Unit

Narda-MITEQ's headquarters in Hauppauge, N.Y. Photo: Narda-MITEQ

The private equity firm J.F. Lehman & Company on Tuesday said it has acquired the Narda-MITEQ electronics business unit from L3Harris Technologies [LHX], which is nearing the end of a portfolio reshaping effort to shed non-core businesses. Terms of the deal were not disclosed. Narda-MITEQ has about 400 employees across three facilities in New York, Germany and Italy. The former L3Technologies acquired the business unit in 2015. Narda-MITEQ designs and manufactures custom radio frequency and microwave subsystems and components used…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]