:

Business/Financial

Private Equity Firm Susquehanna Capital Acquires Majority Stake In McNally Industries

By Cal Biesecker

Tuesday, September 10th, 2019

SHARE:

Private Equity Firm Susquehanna Capital Acquires Majority Stake In McNally Industries

Leo Helmers, co-founder and group head of Susquehanna Private Capital. Photo: SPC

The private equity firm Susquehanna Private Capital, LLC (SPC) on Monday said it has acquired a majority stake in defense and energy system contractor McNally Industries, LLC. SPC acquired Wisconsin-based McNally from the private equity firm Gardner Standard, which retains a minority position in McNally. Terms of the deal were not disclosed. McNally supports a wide range of military platforms, including among others the Army’s Bradley fighting vehicle and Armored Multi-Purpose Vehicle, Black Hawk, Apache and Chinook helicopters, Navy DDG-51…

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]