Aerospace Group:

Business/Financial

RAFAEL To Acquire Unmanned Aircraft Systems Manufacturer Aeronautics

By Cal Biesecker

Wednesday, September 4th, 2019

SHARE:

RAFAEL To Acquire Unmanned Aircraft Systems Manufacturer Aeronautics

Aeronautics Ltd. Aerostar tactical UAS has logged over 250,000 operational flight hours worldwide. Photo: Aeronautics

Israel’s RAFAEL Advanced Defense Systems Ltd. on Monday said it and a partner have agreed to acquire Aeronautics Ltd., an Israeli developer and manufacturer of unmanned aircraft systems and platform in a deal that gives it an entrée into unmanned aerial systems space. The Jerusalem Post reported that the purchase price is $240 million. The acquisition is expected to close this week with RAFAEL owning a 50 percent stake in Aeronautics and Avichai Stolero, a businessman, owning the other half.…

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 […]