:

Business/Financial

Smiths Group Completes Acquisition Of Morpho Detection

By Cal Biesecker

Monday, April 17th, 2017

SHARE:

Smiths Group Completes Acquisition Of Morpho Detection

Smiths Detection CTX 9800 DSi explosives detection system. Photo: Smiths Detection

Britain’s Smiths Group earlier this month said it has completed its acquisition of Morpho Detection from France’s Safran Group.Smiths Group must still divest Morpho’s explosive trace detection business, which both European and U.S. required as a condition for approving the $710 million deal that was first announced in April 2016.Smiths Group’s Smiths Detection business already has an ETD product line. The three main competitors worldwide for ETD units are Smiths, Morpho and L3 Technologies [LLL]. China’s NucTec also sells the…

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 […]