:

Business/Financial

Curtiss-Wright To Acquire Vehicle Controls Supplier Williams Controls

Defense Daily Staff

Friday, November 2nd, 2012

SHARE:

Curtiss-Wright Corp. [CW] yesterday said it has agreed to acquire Williams Controls [WMCO], a designer and manufacturer of electronic sensors and electronic throttle controls for heavy trucks, off-road equipment and military vehicles. Curtiss-Wright will pay about $119 million for Williams Controls through a $15.42 per share cash tender offer. Williams Controls’ closing stock price on Wednesday, the day before the deal was announced, was $10.91. Curtiss-Wright said the pending deal is a further step on its path to be the…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]