Aerospace Group:

Business/Financial

Cobham Acquires Wireless Communications Systems Provider Axell

Defense Daily Staff

Monday, May 13th, 2013

SHARE:

Cobham plc on Friday said it has acquired wireless communications systems provider Axell Wireless Limited for up to $130.5 million, expanding its portfolio of antenna products and offerings to the public safety market. Terms of the deal between the two British companies include an initial $92.1 million payment and a potential $38.4 million earn out provision payable in during 2014 and 2015 based on future performance. Cobham said that it is paying between nine and 10 times Axell’s earnings before…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]