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Homeland Security

Chemring To Acquire GD’s Armament and Technical Products Unit

DDN

Wednesday, April 27th, 2011

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Britain's Chemring Group PLC says it has conditionally agreed to acquire the North Carolina-based Chemical, Biological and Explosives (CBE) operation from General Dynamics' [GD] Armament and Technical Products subsidiary for $90 million in cash. The CBE business had $61.5 million in sales last year and pre-tax profits of $8.3 million, versus sales of $69.8 million and pre-tax profits of $8.3 million in 2009. The business also had $62 million in orders as of March 31. The acquisition, which is subject…

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]

Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]

Congress

HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW

House defense authorizers added a measure to their version of the next defense policy bill that would expand the list of weapons platforms eligible for multi-year contracts, to include the […]