:

Business/Financial

Private Equity Firm Acquires Wyle

DDN

Tuesday, June 30th, 2009

SHARE:

The private equity firm Court Square Capital yesterday said it has acquired Wyle, a provider of aerospace and information technology solutions to the federal government, from Littlejohn & Co., another private equity firm. Terms of the deal were not disclosed. Littlejohn acquired Wyle in 2003. The company has about $800 million in sales and 3,800 employees. There are no changes in Wyle's organization and management team. "We are excited about Wyle's future prospects with a strong new financial partner, which…

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]