:

Business/Financial

TTM Technologies To Acquire Telephonics From Griffon Corp.

By Cal Biesecker

Monday, April 18th, 2022

SHARE:

TTM Technologies To Acquire Telephonics From Griffon Corp.

Multi-mode surveillance radar supplied by Telephonics. Photo: Telephonics

TTM Technologies [TTMI] on Monday said it has agreed to acquire the Telephonics business unit from Griffon Corp. [GFF] in a $330 million cash deal that will significantly boost its aerospace defense business. The acquisition is subject to regulatory approvals and is expected to close by the end of June. TTM said the acquisition will establish the company as a Tier 1 supplier to the Defense Department, strengthen its position in radio frequency-based integrated systems for defense, allow it to…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]