:

Business/Financial

KKR To Acquire CIRCOR International For $1.6 Billion

By Cal Biesecker

Monday, June 5th, 2023

SHARE:

KKR To Acquire CIRCOR International For $1.6 Billion

CIRCOR's defense products include centrifugal pumps used to transport water with low acoustical noise on submarines. Photo: CIRCOR International

The investment firm KKR Corp. [KKR] on Monday said it has agreed to acquire flow control products supplier CIRCOR International [CIR] for $1.6 billion in cash. The acquisition has been approved by CIRCOR’s board and still requires approvals by the company’s shareholders and regulators. CIRCOR expects the acquisition to close in the fourth quarter, after which time the company will be privately held. CIRCOR had $787 million in sales in 2022, with $283 million from its work with the aerospace…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]