:

Chemring Agrees To Acquire Countermeasures Assets From Esterline

Friday, December 4th, 2015

SHARE:

Britain’s Chemring Group on Nov. 25 said it has agree to buy countermeasures assets from a United Kingdom-based subsidiary of Esterline Corp. [ESL] for $3.8 million plus a potential earnout provision worth up to $13.6 million.The deal is expected to close in early 2016 subject to U.K. regulatory approvals.Chemring is buying patents, equipment, stock and selected contracts of Esterline’s Wallop Defence Systems subsidiary. The assets included in the deal include military aircraft infrared decoy flare countermeasures.The sale by Esterline is…

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

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 […]