:

Business/Financial

J.F. Lehman & Co. Acquires Cobham’s Rescue Beacon Business

Defense Daily Staff

Tuesday, July 10th, 2012

SHARE:

The private equity firm J.F. Lehman & Co. yesterday said it has acquired a rescue beacon business from Britain’s Cobham plc for $73 million. Cobham said that the ACR Electronics, Inc., business, which is based in Florida, is a non-core asset and has customers in the outdoor recreational markets through retail outlets and customers in mature military markets. Cobham said the divestiture, which also includes the sale of a small German-based electronics business to its management, represents the most significant…

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 […]