:

Business/Financial

Saab Nears Completion Of ThyssenKrupp Marine Acquisition

By Cal Biesecker

Tuesday, July 1st, 2014

SHARE:

Saab Nears Completion Of ThyssenKrupp Marine Acquisition

HMS Karlstad Visby Class Corvette built by ThyssenKrupp Marine. Photo: Kockums

Sweden’s Saab on Monday said it has formally agreed to acquire shipbuilder ThyssenKrupp Marine Systems AB for $50.8 million, expanding its presence in naval ships and systems. Saab acquired the Swedish shipyard, which was previously known as Kockums, from ThyssenKrupp Industrial Solutions. The two companies in April signed a non-binding memorandum of understanding for the acquisition. Saab said the deal, which is expected to close this month, will be immaterial to its 2014 financial results. ThyssenKrupp Marine, which has about…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]