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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

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]