Britain’s Serco Group has completed its $20 million acquisition of U.S.-based BTP Systems in a deal that deepens its expertise in satellite communications and radar engineering services.The deal was first announced last October. BTP, which is based in Massachusetts, had about $20 million in sales in 2017 and earnings before interest, taxes, depreciation and amortization of about $3 million.BTP will be integrated within the C5ISR business unit of Serco’s U.S. operations. Serco said the acquisition supports its growth plan in the U.S.…
Recommended
Perennial Autonomy Nabs $500 Million DoD Counter-Drone Contract
Redwire Says Awarded Large Drone Contract From NATO Ally
Trending
Congress Updates
Senators Push Navy Against Single Destroyer Request In FY ’27
The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]
Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition
The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]
Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections
The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]
Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase
The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]
By