Private-Equity Firm Acquires Kaman for $1.8 BN

Kaman Corp. announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P., a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Continue reading

Ukraine Develops Armour-Piercing Ammunition for FPV Drones

Ukrainian engineers have developed EFP-S armour-piercing ammunition for FPV (first-person view) drones to target lightly armoured vehicles. The Army of Drones project reported this advancement, noting its effectiveness against lightly armoured vehicles like self-propelled artillery units, infantry fighting vehicles, and armored personnel carriers, even those protected with anti-cumulative and anti-drone measures. Continue reading