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Business/Financial

Lockheed Martin To Buy Laser Technology Company

DDN

Tuesday, July 29th, 2008

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Lockheed Martin [LMT] yesterday said it has agreed to acquire Aculight Corp., a small firm focused mainly on the research, development and manufacture of laser-based systems to federal and aerospace customers. Terms of the deal, which is expected to close in the third quarter, were not disclosed. "This transaction is consistent with Lockheed Martin's focus on acquiring companies with strategic capabilities that strengthen our core offerings and create potential for adjacent market expansion," Chris Kubasik, executive vice president of Lockheed…

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

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Congress

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Congress

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The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

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 […]