Aerospace Group:

L-3 to Add Trace Detection to Security Portfolio with Implant Sciences Deal

By Cal Biesecker

Monday, October 17th, 2016

SHARE:

L-3 Communications [LLL] has agreed to acquire the explosive trace detection (ETD) business of Implant Sciences [IMSC] for $117.5 million in cash, a deal which would add a handsome new capability to its Security & Detection Systems division.L-3 will fund the acquisition through cash on hand. Deal terms include the assumption of certain liabilities.Implant on Oct. 10 entered Chapter 11 Bankruptcy protection and L-3’s asset purchase agreement is contingent on approval by the U.S. Bankruptcy Court, a review that is…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]