Aerospace Group:

Business/Financial

VTG Acquires Small Navy Design And Engineering Firm ASSETT

By Cal Biesecker

Wednesday, August 25th, 2021

SHARE:

VTG Acquires Small Navy Design And Engineering Firm ASSETT

John Hassoun, president and CEO of VTG. Photo: VTG

VTG on Wednesday said it has acquired ASSETT, Inc., a small design and engineering company that adds artificial intelligence and machine learning (AI/ML)-enabled capabilities for undersea warfare and unmanned systems. Terms of the deal were not disclosed. ASSETT, which is based in Manassas, Va., has about 50 employees. VTG said the acquisition adds to its naval systems portfolio, bringing work in submarine sonar acoustics and signal processing, a prototype integrated control system for combat submersibles, a battery management system for…

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 […]