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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,…

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 […]