:

Business/Financial

Avon Rubber Completes Acquisition Of 3M’s Ballistic Protection Business

By Cal Biesecker

Thursday, January 2nd, 2020

SHARE:

Avon Rubber Completes Acquisition Of 3M’s Ballistic Protection Business

3M body armor vest and plates. Photo: 3M

Britain’s Avon Rubber plc on Thursday said it has completed its $91 million acquisition of 3M’s [MMM] advanced ballistic protection business, including the Ceradyne brand, positioning it in the U.S. market. The deal, which includes a $25 million earnout provision based on the outcome of pending bids, was first announced last August. 3M’s ballistic protection business is part of the former Ceradyne Inc. that it acquired in 2012 for $860 million. The business has about 280 employees and had $85.4…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]