:

Business/Financial

Mercury Systems To Acquire Three Defense Electronics Businesses From Microsemi

By Cal Biesecker

Thursday, March 24th, 2016

SHARE:

Mercury Systems To Acquire Three Defense Electronics Businesses From Microsemi

Mercury said the pending deal with Microsemi will add capabilities to its current array of RF and microwave products. Photo: Mercury Systems

Defense electronics supplier Mercury Systems [MRCY] on Wednesday said it has agreed to acquire three defense electronics businesses from Microsemi Corp. [MSCC] for $300 million, creating what is said to be the industry’s largest commercial embedded secure processing company.The transaction is subject to regulatory approval and is expected to close by June 30.Mercury said the Microsemi businesses it is acquiring had combined sales of about $100 million and operating earnings of about $28 million for the 12 month period ending…

Congress

Six F-35Bs Delivered Without Radars Thus Far, Program Director Says

The U.S. Marine Corps thus far has received six F-35B fighters without radars, as the service waits on Northrop Grumman‘s [NOC] delivery of the AN/APG-85 radar, which is to replace […]

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]