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Advent To Acquire Safran’s Identity Business And Join It With Oberthur

Friday, September 30th, 2016

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The France-based private equity firm Advent International on Sept. 29 said it has agreed to acquire the identity and security business of France’s Safran Group for $2.7 billion, a deal that will combine Safran’s strong presence in biometric products and identity solutions with Advent’s portfolio company Oberthur Technologies (OT), a leader in embedded digital security technology.Safran said in March that it planned to divest its detection business, which is being acquired by Britain’s Smiths Group, and review options for its…

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

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Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

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Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

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