:

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…

Congress

House Authorizers Retain Battleship Funding, But Want Nuclear-Power Report

The House Armed Services Committee’s (HASC) Thursday markup of the FY 2027 defense authorization bill rejected an amendment to cut funding for the new Trump-class battleship (BBG(X)), but did agree […]

Congress

HASC Rejects $150 Billion Topline Cut, Iran Cost Transparency Proposals At NDAA Markup

The House Armed Services Committee (HASC) on Thursday rejected a Democrat-led proposal to cut the $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA) by $150 billion, as the […]

HASC Wants Pentagon List Of Critical F-35 Technical Data Rights And Estimate Of Cost To Buy Them For Repairs

The House Armed Services Committee (HASC) wants the Pentagon to inform the committee of critical technical data rights for the Lockheed Martin [LMT] F-35 fighter and how much it would […]

Space

NRO Nominee: “We Have To Look Differently At Our Requirements”

The National Reconnaissance Office (NRO) has said that it has launched more than 200 proliferated low Earth orbit satellites in the last two years to supplement the costly high-end systems […]