:

Business/Financial

L-3 To Acquire Australian Defense Electronics Company Micreo

By Cal Biesecker

Wednesday, September 7th, 2016

SHARE:

L-3 Communications [LLL] on Wednesday said it has agreed to acquire Australian defense company Micreo Limited in a deal that expands its business in Australia and complements its capabilities in sensors.Terms of the deal, which is expected to close this month, were not disclosed. Micreo has 72 employees and is expected to have $27 million in sales and be accretive to L-3’s earnings in 2017.L-3 said the acquisition will strengthen its development of future products in the higher electronic warfare…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]