Aerospace Group:

Business/Financial

Mercury Computer Acquires Defense Electronics Firm LNX

DDN

Friday, January 21st, 2011

SHARE:

Mercury Computer Systems [MRCY] this month acquired LNX Corp., a developer and producer of defense electronics components used in intelligence gathering platforms, for $31 million in cash. Terms of the deal include an additional $5 million earn-out provision based on financial results this year and next. For Mercury, which is a subsystems provider in the area of technology used for intelligence, surveillance and reconnaissance (ISR), the deal bolsters its electronic warfare (EW) capabilities and boosts its content on the Navy's…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

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 […]