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Private Equity Firm Admiralty Partners Acquires GE Aerospace Unit

Thursday, January 5th, 2017

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The investment firm Admiralty Partners on Jan. 3 said it has acquired the Santa Ana, Calif.-based aerospace business unit of General Electric [GE], which provides systems and components for military and commercial aircraft.Terms of the deal were not disclosed.Admiralty Partners has renamed its new portfolio company Integral Aerospace. John Alves, senior vice president and general manager of Integral Aerospace, said in a statement that by joining Admiralty his company will gain access to “resources and flexibility to be responsive to…

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

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