:

Business/Financial

Leonardo Postpones Public Offering For U.S. Business DRS

By Cal Biesecker

Wednesday, March 24th, 2021

SHARE:

Leonardo Postpones Public Offering For U.S. Business DRS

Leonardo DRS' MFoCS II

Citing “adverse market conditions,” Italian aerospace and defense contractor Leonardo on Wednesday postponed plans to take its U.S.-based Leonardo DRS subsidiary public, just more than a week after announcing it was going to allow investors to take a minority stake in the U.S. business. Leonardo said there was investor interest in Leonardo DRS in the $20 to $22 per share price range being advertised for the initial public offering (IPO) but added “adverse market conditions did not allow an adequate…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]