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Homeland Security

SAFRAN to Acquire Majority Stake in GE’s Homeland Protection Business

DDN

Wednesday, April 29th, 2009

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France's SAFRAN Group has agreed to acquire 81 percent of General Electric's [GE] Homeland Protection business, giving it a portfolio of security products used for explosives detection to go with its identity management solutions in the global homeland security space. SAFRAN's definitive agreement with GE calls for a cash payment of $580 million. Under terms of the deal, GE will maintain a minimum ownership stake in the homeland business for at least three years. The transaction is expected to close…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]