:

Business/Financial

Sparton Acquires Hunter Technology In $55 Million Deal

By Cal Biesecker

Tuesday, April 14th, 2015

SHARE:

Sparton Acquires Hunter Technology In $55 Million Deal

Sparton President and CEO Cary Wood. Photo: Sparton Corp.

Sparton Corp. [SPA] on Tuesday said it has acquired California-based Hunter Technology Corp. for $55 million in cash, expanding its footprint into the Northern California corridor and growing its military and aerospace business.Illinois-based Sparton said the acquisition will add $80.5 million in annual sales. Sparton provides complex and sophisticated electromechanical devices and has capabilities in concept development, industrial design, design and manufacturing engineering, production and refurbishment. Its core markets are medical and biotechnology, military and aerospace, and industrial and commercial.Hunter Technology…

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 […]