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Business/Financial

QinetiQ Moves Into Australian Defense Market Through Two Acquisitions

DDN

Thursday, January 3rd, 2008

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Britain's QinetiQ yesterday said it has agreed to acquire two Australian defence consulting firms for $17.7 million in cash, marking the company's first investment in that country as part of its growth plans in Europe, the Middle East and Australasia. QinetiQ is acquiring Ball Solutions Group, a subsidiary of United States-based Ball Aerospace and Technologies Corp. [BLL], for $10.5 million in cash. Ball Solutions has three core business areas--business systems and applications, data acquisition and management, and operations research and…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]