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Tech Developments

By Cal Biesecker

Sunday, April 30th, 2017

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EC Approves Advent International Deal for Safran’s Identity BusinessThe European Commission has cleared the proposed $2.7 billion acquisition by Advent International of Safran Group’s Morpho identity solutions enterprise with the one condition that Morpho’s smart card payment business in France be divested. Advent and Safran agreed that Morpho’s French subsidiary CPS, which supplies payment smart cards to banking customers in France, will be divested to maintain competition in Europe. Advent International, a U.S.-based private equity firm, last October announced the…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

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 […]