:

Business/Financial

Arlington Capital Partners Completes Acquisition Of Two L3Harris Divisions

By Cal Biesecker

Monday, October 4th, 2021

SHARE:

Arlington Capital Partners Completes Acquisition Of Two L3Harris Divisions

Paul Russell, CEO of Stellant Systems. LinkedIn photo.

The private equity firm Arlington Capital Partners on Monday said it completed its acquisition of L3Harris Technologies’ [LHX] Electron Devices and Narda Microwave-West divisions, which will operate as an independent company called Stellant Systems. The $185 million cash deal was first announced in August. Arlington Capital acquired the businesses in partnership with current business unit leadership. Stellant Systems has more than 800 employees located at three facilities in Torrance and Folsom, Calif., and Williamsport, Pa. The company provide radio frequency…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

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

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]