Mercury Systems [MRCY] on July 5 said it has acquired Richland Technologies (RTL), a Georgia-based company specializing in safety-critical mission computing capabilities for commercial and military aerospace.Terms of the deal were not disclosed. Mercury said the acquisition isn't expected to have a material impact on its fiscal year 2018 financial results.Mercury said the acquisition complements its purchase in November 2016 of Creative Electronics Systems (CES) by providing additional capabilities in safety-critical markets and the opportunity to leverage RTL's presence and expertise…
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A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]
Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities
The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]
Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons
Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]
Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability
A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]
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