Aerospace Group:

Business/Financial

Teledyne To Acquire Two Acquire Two Aerospace And Defense Businesses From Excelitas

By Cal Biesecker

Wednesday, November 6th, 2024

SHARE:

Teledyne To Acquire Two Acquire Two Aerospace And Defense Businesses From Excelitas

Qioptiq's products include optics for infrared search and track. Photo: Excelitas

Teledyne Technologies [TDY] on Wednesday said it has agreed to acquire two business units from Excelitas Technologies Corp. for $710 million in cash, one based in the United Kingdom that provides optics for defense, space, and avionics applications, and the other offering customized energetics and electronic switches for defense and space uses. The transaction is expected to close in early 2025. The pending deal follows another announced by Teledyne this week, the purchase of microcircuits developer and manufacturer Micropac Industries…

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 […]