:

Business/Financial

GE To Acquire Two European 3D Manufacturing Companies To Boost Aerospace, Industrial Work

By Cal Biesecker

Tuesday, September 6th, 2016

SHARE:

GE To Acquire Two European 3D Manufacturing Companies To Boost Aerospace, Industrial Work

Low pressure aero engine turbine blade

General Electric [GE] on Tuesday said it plans to acquire two European companies that provide additive manufacturing capabilities for various industries, including aerospace, with the deals worth a combined $1.4 billion.The two companies, Sweden’s Arcam AB and Germany’s SLM Solutions Group, will report to David Joyce, president and CEO of GE Aviation. GE said that Joyce will lead the growth of the two new companies and spearhead the integration effort to drive 3D manufacturing applications across the company.Arcam has customers…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in 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 […]