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Business/Financial

SAFRAN Completes Acquisition of Majority Of GE’s Homeland Protection Business

DDN

Wednesday, September 9th, 2009

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Frances's SAFRAN Group yesterday said it has completed its acquisition of 81 percent of General Electric's [GE] Homeland Protection business, which will report to SAFRAN's subsidiary Sagem Securite. The $580 million cash deal gives SAFRAN an entirely new platform of capabilities as well as customers in the security space, in particular checked baggage explosives detection systems and explosive trace detectors used by the Transportation Security Administration and airports worldwide to enhance aviation security. The Homeland Protection business also has products,…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]