Aerospace Group:

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…

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]