Sign In
Search
Business/Financial

BAE To Acquire Ship Repair Firm MHI

Defense Daily Staff Defense Daily Staff
SHARE:

Britain’s BAE Systems yesterday said it has agreed to acquire the Virginia-based Naval ship repair firm Marine Hydraulics International Inc. (MHI), a deal that further expands it capacity and expertise in ship repair business. BAE is paying $69 million in cash for MHI, which is based in Norfolk, Va., home of the Navy’s Fleet Forces Command. MHI had $113 million in sales last year. Once the deal closes, which is expected to occur in the first quarter of 2013, MHI…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: FF(X) and BBG(X), AUKUS, K2 Raise, Unmanned News, A-LE

Defense Watch

Defense Watch: CSO Schiess, SSGNs, Golden Dome Sats, Big DHS C-UAS Award

Business/Financial

HII And HD Hyundai Pilot Welding Automation For Shipbuilding

Business/Financial

AE Industrial Partners Completes Acquisition Of Rocketdyne From L3Harris

Trending

DARPA’s Lift Challenge Winner Demonstrated ‘Unprecedented” Payload-To-Weight Ratio
Impulse Space Gets Space Force Award For More Tactically Responsive Space Missions
Army Launches Effort To Speed Up Industry’s Access To Test Ranges
First Battleship Could Cost Over $23 Billion And Start Later Than Planned, CBO Says
APG-85 Radar in LRIP, Northrop Grumman Says; F-35 Program Declines Comment

Congress Updates

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume