All articles tagged with #defense acquisition
Firefly Aerospace plans to acquire defense contractor SciTec for $855 million to expand into the defense sector, focusing on missile defense and space-based detection systems, with the deal expected to close by the end of 2025.
The Biden administration is working to accelerate arms production to supply Ukraine with weapons crucial to its military success against Russia. The production of the standard NATO artillery round is expected to double its prewar U.S. rate, but sustaining elevated output poses challenges such as scarcity of key inputs and fluctuating budgets. The United States aims to meet Ukraine's astonishing hunger for artillery ammunition while ensuring its own security against potential conflicts with Russia or China. The war in Ukraine has led to a boom for American defense firms, but the Pentagon faces a bureaucratic scramble to provide needed equipment in time.