:

Business/Financial

Aerojet Rocketdyne To Acquire L3 Business Unit That Builds Target Missiles

By Cal Biesecker

Wednesday, February 22nd, 2017

SHARE:

Aerojet Rocketdyne To Acquire L3 Business Unit That Builds Target Missiles

Aerojet Rocketdyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

Aerojet Rocketdyne [AJRD] on Wednesday said it has agreed to acquire Coleman Aerospace from L3 Technologies [LLL] for $15 million in cash, in a deal that will add the design and production of target ballistic missiles to its portfolio.Coleman is expected to have $40 million in sales this year. The unit has about 150 employees.Coleman is based in Florida and develops and integrates air and ground-launched ballistic missile targets and mission planning for the Missile Defense Agency, and hypersonic testing…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]