:

Business/Financial

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

DDN

Wednesday, September 9th, 2009

SHARE:

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

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]