Chemring
has conditionally agreed to acquire Florida-based
Martin Electronics(MEI), a specialist manufacturer of ammunition, fuses, signalling and other pyrotechnically activated devices for use in the defence sector, for $70m.
Founded in 1954, MEI manufactures close combat products including training grenade fuses, pyrotechnics and specialist 40mm ammunition. Its customers include the
MEI will position Hants-based Chemring favourably within key niches in the
The sale and purchase agreement, which is likely to close by the end of July, is conditional upon the expiry of the thirty-day waiting period required by the Hart-Scott-Rodino and Exon-Florio rules.
State of emergency declared after Baltimore bridge collapse
The Dali has bow thrusters as well, but azipods rather than a rudder give better manoeuvrability, but are probably way too expensive an alternative. What is scary is the fact that these huge vessels...