:

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…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]