Aerospace Group:

Business/Financial

Two European Military Manufacturers Complete Association

Tuesday, December 15th, 2015

SHARE:

Krauss-Maffei Wegmann (KMW) and Nexter Systems, European manufacturers of military land systems based in Germany and France, respectively, will now operate jointly under an umbrella holding company, the companies said Tuesday.The holding company was established under Dutch law and is headquartered in Amsterdam. Sole shareholders of each company transferred all their shares to the holding company in the legal form of a Naamloze Vennootschap (N.V. or nameless venture). In an N.V. the shareholders of a public venture stay anonymous while…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]