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Business/Financial

PRV Aerospace Acquires Astro Spar To Expand Commercial Aero Offerings

Defense Daily Staff

Friday, January 4th, 2013

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PRV Aerospace, LLC, yesterday said it has acquired Astro Spar, Inc., expanding its base of customers and products in the commercial aerospace market. Terms of the deal were not disclosed. PRV is a portfolio company of the private equity firm Court Square Capital Partners. California-based Astro Spar is a manufacturer of long, complex, precision-machined components and assemblies for the commercial and military aerospace industries. Its customers include Boeing [BA], Lockheed Martin [LMT], Turkish Aerospace Industries, Spirit Aerosystems [SPR], Textron’s [TXT]…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

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Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]