:

Business/Financial

Sparton Acquires Sonar Components Maker Argotec

By Cal Biesecker

Monday, December 22nd, 2014

SHARE:

Sparton Acquires Sonar Components Maker Argotec

Sparton President and CEO Cary Wood. Photo: Sparton

Sparton Corp. [SPA] on Monday said it has acquired sonar transducer products and components maker Argotec, Inc., adding to its core expertise in navigation and exploration. “Although not material in size, Argotec brings valuable intellectual property to our NavEx segment, as well as a consistent single-sourced revenue stream for key military end applications,” Cary Wood, Sparton’s president and CEO, said in a statement. “As we enhance our current product offering with these newly acquired products and components, we will explore…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]