Aerospace Group:

Business/Financial

Ultra Electronics Acquires Navy Contractor 3 Phoenix

By Cal Biesecker

Wednesday, February 19th, 2014

SHARE:

Ultra Electronics Acquires Navy Contractor 3 Phoenix

Sonar solution by 3 Phoenix, Inc.

Britain’s Ultra Electronics Holdings plc said on Wednesday that has acquired 3 Phoenix Inc. (3Pi) for $70 million in cash, expanding its presence in the United States and in tactical and sonar systems. Terms of the deal include up to $17 million in additional payments by Ultra based on 3Pi’s earnings growth during the next three years. 3Pi, which is based in Northern Virginia, is a supplier of specialist sonar, radar, intelligence, surveillance and reconnaissance products and processing systems, primarily…

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 […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]