Cyclone Power Technologies Inc. [CYPW], developer of the all-fuel, clean-tech Cyclone Engine, said yesterday it signed a definitive agreement to acquire the assets and business of Advent Power Systems Inc., Cyclone’s exclusive military licensee since 2006. The Advent acquisition is subject to standard closing conditions, and is expected to close in the first quarter of 2012. Advent is currently a prime contractor with Army TACOM Life Cycle Management Command (TACOM) in a Phase I project utilizing Cyclone’s engine technology to…
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Congress Updates
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 […]
Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation
NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]
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 […]
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 […]
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