Aerospace Group:

Business/Financial

The Allied Defense Group Divests Remaining Electronic Security Business

DDN

Tuesday, August 11th, 2009

SHARE:

The Allied Defense Group [ADG] yesterday said it has sold its NS Microwave business unit to 3DRS International Inc., completing the divestiture of its Electronic Security division begun last fall with the sale of its Global Microwave Systems subsidiary to Britain's Cobham. Terms of the deal, which was concluded last Friday, were not disclosed. ADG is focusing on its ammunition business. Moreover, the sale will give ADG additional cash to fund its working capital requirements to meet the needs of…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]