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Smiths Group Would Round Out Product Line with Morpho Detection Acquisition

By Cal Biesecker

Tuesday, May 3rd, 2016

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Britain’s Smiths Group has agreed to acquire the California-based detection business of France’s Safran Group for $710 million, a deal which would give it a marquis position globally for automated checked baggage screening systems and consolidate a large portion of the international market for trace detection products.The deal is subject to regulatory approvals and the companies expect it to close in early 2017.The only potential regulatory hurdle would seem to be in the area of trace detection where both Smith…

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]