:

Business/Financial

CIRCOR International Agrees To Higher Bid By KKR

By Cal Biesecker

Friday, June 30th, 2023

SHARE:

CIRCOR International Agrees To Higher Bid By KKR

CIRCOR's defense products include centrifugal pumps used to transport water with low acoustical noise on submarines. Photo: CIRCOR International

CIRCOR International [CIR] last Friday said it has agreed to a new bid by the investment firm KKR [KKR] worth about $1.9 billion, topping previous bids by the private company that was forced to up the ante due to an unsolicited offer from the private equity firm Arcline Investment Management. KKR’s latest deal with CIRCOR is to acquire the flow control products supplier at $56 per share, up from an initial $49 per share that was then followed by a…

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 […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

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 […]