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Homeland Security

SAFRAN to Acquire Majority Stake in GE’s Homeland Protection Business

DDN

Wednesday, April 29th, 2009

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France's SAFRAN Group has agreed to acquire 81 percent of General Electric's [GE] Homeland Protection business, giving it a portfolio of security products used for explosives detection to go with its identity management solutions in the global homeland security space. SAFRAN's definitive agreement with GE calls for a cash payment of $580 million. Under terms of the deal, GE will maintain a minimum ownership stake in the homeland business for at least three years. The transaction is expected to close…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]