Aerospace Group:

Business/Financial

Sparton Acquires Cable And Wire Harness Firm

Defense Daily Staff

Monday, June 10th, 2013

SHARE:

Sparton Corp. [SPA] on Friday said it has acquired Creonix, a small Florida-based company that manufactures complex electromechanical devices and engineers and manufactures cables and wire harnesses for the industrial, and aerospace and defense markets. Sparton said that Creonix, which has $12 million in annual sales, will be accretive to its earnings within one year. “The addition of Creonix meets the criteria of our growth strategy by providing the additional capability of cable and wire harness engineering and assembly, further…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]