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December 2, 2008 10:47:25 PM CST


military equipment

military equipment news stories

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Analysts: Mac Win Likely
to Hit Defense Firms Harder

He's got the clout and the will to slash budgets

(Newser) - The defense industry is generally wary of Democratic wins, but this time around it's a Republican victory that may give military industries—and their investors—a complex, MarketWatch reports. A President Obama would be unlikely to give critics of his foreign policy cred ammunition by slashing defense spending, analysts say, while John McCain has the clout and the Washington know-how to puncture bloated military budgets. More »

More about:  John McCain US military fighter jet military spending Pentagon waste Defense Industry military equipment Army contracts

Italian Firm to Buy DRS Technologies

$5.3B sale gives Finmeccanica entry into US defense market

(Newser) - Italy's biggest defense contractor has agreed to buy DRS Technologies Inc. for $5.3 billion and grab a share of America's defense market, the Wall Street Journal reports. Finmeccanica will purchase the defense-electronics firm for $81 per share, a 32% premium on share price, pending approval by Washington. The deal is expected to close by year's end. More »

More about:  mergers and acquisitions electronics military equipment Military-Industrial Complex

More US Troops Outfitting Themselves for Combat

With slow supply chain—and style—among concerns, market grows to $150M annually

(Newser) - US troops are increasingly augmenting their military-issue gear with higher-end commercial products to gain an extra edge—and look sharp, the Christian Science Monitor reports. The military has encouraged the trend, perhaps in response to the equipment shortages that have dogged the Iraq and Afghanistan war efforts, loosening procurement rules that previously stopped troops from providing their own equipment. More »

More about:  Iraq Iraq war Afghanistan Iraq war spending privatization House Armed Services Committee supply chain military equipment

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