CVC Capital Partners to Acquire Smiths Detection for $2.2 Billion in Strategic Divestiture CVC Capital Partners has agreed to acquire Smiths Detection, one of the world’s leading suppliers of av...
The Pentagon faces a paradoxical challenge: despite commanding the world’s largest defense budget, American military shelves sit dangerously empty. When allies like Ukraine or Israel require urgent military support, the U. Secretary of Defense Pete Hegseth’s recent acquisition-reform agenda addresses this systemic failure by proposing an unconventional solution: leverage America’s unmatched private capital markets to finance military equipment production and stockpiling.
Defense tech firm Saronic announced a $300 million investment to revamp a Louisiana shipyard into a cutting-edge autonomous vessel manufacturing facility, marking a significant expansion of U.S. maritime production capabilities. The Texas-based company broke ground on the project in November 2025 at the former Gulf Craft shipyard in Franklin, Louisiana, approximately 100 miles south of Baton Rouge. The expansion will add more than 300,000 square feet of new production capacity, with construction slated for completion by year-end 2026 and full operational deployment in early 2027. Saronic CEO Dino Mavrookas emphasized the strategic importance: “Our expanded shipyard will enable us to deliver autonomous ships at unprecedented speed and scale while creating 1,500 high-quality jobs across Louisiana.”
JPMorgan Chase Launches Ambitious $10 Billion Defense and Advanced Manufacturing Investment Initiative WASHINGTON — JPMorgan Chase is making a significant commitment to U.S. national security through ...