:

Business/Financial

Private Equity Firm Blackstone To Acquire MB Aerospace

By Cal Biesecker

Monday, October 26th, 2015

SHARE:

Private Equity Firm Blackstone To Acquire MB Aerospace

MB Aerospace Chief Craig Gallagher. Photo: MB Aerospace

The private equity firm Blackstone Group [BX] on Monday said it has agreed to acquire aerospace engine component manufacturer MB Aerospace from another investment firm, Arlington Capital Partners.Terms of the deal, which is expected to close later this year, were not disclosed. Craig Gallagher, MBAe’s CEO since 2003, and the rest of the company’s management team will remain in place.Blackstone’s investment “provides us with a huge opportunity to invest in our people and to continue to grow both organically and…

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]