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Defense Daily

Cerberus Capital To Acquire Sparton Corp.

The private equity firm Cerberus Capital Management on Wednesday said it has agreed to acquire Sparton Corp. [SPA], a provider of components for the medical and biotechnology, military and aerospace, and industrial markets, for $18.50 per share in cash.The purchase price represents a 41 percent premium to Illinois-based Sparton’s closing share price on Dec. 11.…

Manchin, Jones, Duckworth to Fill Vacant Democrat Seats on SASC

The Senate Armed Services Committee (SASC) will include Sens. Joe Manchin (D-W.Va.), Tammy Duckworth (D-Ill.) and Doug Jones (D-Ala.) when it convenes for the 116th Congress in January.Minority Leader Sen. Chuck Schumer (D-N.Y.)’s office released the list of new committee assignments for his party Dec. 12. Republican assignments and all subcommittee assignments have not yet…

GAO Says Navy Maintenance Delays Grew In 2018, Three SSNs Not Certified To Dive

Despite the Navy’s changing efforts to decrease its surface and submarine maintenance backlog, the Government Accountability Office (GAO) said the backlog grew in 2018 while a top Navy official admitted three attack submarines (SSNs) are no longer certified to dive after long maintenance delays.GAO released an updated study of Navy readiness and maintenance concurrently with…

TSA Awards TechFlow Nearly $1 Billion To Support Explosive Detection Systems

The Transportation Security Administration (TSA) on Thursday said it has awarded a $968 million contract to TechFlow Inc., to provide performance based logistics to the agency’s installed base of explosive detection systems (EDS) that are used to automatically scan checked bags for explosives at U.S. airports.TSA previously relied on L3 Technologies [LLL], Smiths Detection and…

Army Opens New Active Protection System Search For Bradleys

The Army is starting a new search for an active protection system (APS) to integrate on its Bradley fighting vehicles, casting doubt on the future of its test program with the Iron Fist system following continued schedule delays and installation issues. Officials posted a request for information notice on Tuesday calling for industry information on…

A 1,000-Warhead Arsenal Could Slash U.S Deficit by $13 Billion Over Two Decades, CBO Says

The United States could shave about $13 billion off the federal deficit over about 20 years by slashing some 500 warheads from the nation's nuclear arsenal, the nonpartisan federal Congressional Budget Office said Thursday.The suggestion was only one of many money-saving ideas in the biennial Options for Reducing the Deficit report, which this year covers…

AIA Issues Baseline Cyber Security Standards For Aerospace And Defense Industry

The Aerospace Industries Association (AIA) on Thursday released a risk-based cyber security standard aimed giving companies in the aerospace and defense industry set of baseline security controls that can evolve with changing threats and provide a shared comfort level within the industry and government that accepted cyber security practices are being achieved.The National Aerospace Standard…

Marine Corps Selects 4 Companies For Next-Gen Handheld Targeting Program

The Marine Corps has selected four companies to bring its next-generation handheld targeting system to life, with the goal of working toward development of prototype systems to replace its legacy trackers, officials said Thursday.BAE Systems, Elbit Systems of America, Fraser Optics and Northrop Grumman [NOC] were awarded Other Transaction Authorities to study system capabilities for…

Peters to Become Top Democrat on Senate Homeland Security Committee

Sen. Gary Peters (D-Mich.) has been selected to become the new ranking member of the Senate Homeland Security and Government Affairs Committee in the next Congress, Democratic leadership announced Dec. 13.Peters, who also serves on the Senate Armed Services Committee (SASC) will take over for Sen. Claire McCaskill (D-Mo.), who lost her reelection race in…

Camp Lejeune Facilities Rebuild To Cost Over $3.6 Billion

The Commandant of the Marine Corps told senators on Wednesday that the cost to replace or repair dozens of Marine Corps buildings damaged by Hurricane Florence will reach upward of $3.6 billion.Gen. Robert Neller told a joint hearing with the Senate Armed Services subcommittees on seapower and readiness and management support that although the damage…