Sweden's Saab AB recently said it has completed its acquisition of Sensis Corp., marking the company's first purchase of a company in the United States. The deal was approved by the U.S. Trade Commission and the Committee on Foreign Investment in the U.S. Saab said it paid about $150 million to acquire Sensis and has agreed to pay up to $40 million more in earn-out fees. Saab Sensis will operate as a U.S. subsidiary within Saab Group. Saab Sensis had…
Congress Updates
Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans
Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]
SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding
Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]
SASC Bill Would Raise Amphib Requirement To 33 Ships
The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]
Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says
The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]