Aerospace Group:

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…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]