Norway to Block Sale of Rolls Royce Subsidiary, Bergen Engines to Russian...

March 29, 2021 @ 07:30 AM

The Norwegian government has decided to block the potential sale of Norway- registered Bergen Engines AG, a part of the Rolls Royce group, to the Russia based Transmashholding. The Minister of Justice and Public Security of Norway, Monica Meland, speaking at a hearing in the Norwegian parliament, Storting, said on...

Singapore-Israeli JV to Market Advanced Naval Missile Systems

July 16, 2020 @ 08:56 AM

ST Engineering today announced that its land systems arm signed an agreement with Israel Aerospace Industries Ltd (IAI) to set up a fifty-fifty joint venture company (JV) in Singapore. The JV, named Proteus Advanced Systems Pte Ltd, will market and sell advanced naval missile systems, including a next generation anti-ship missile...

MBDA-Numalis to Work on Artificial Intelligence Solutions for Missile Systems

February 12, 2020 @ 05:56 AM

MBDAs plan to acquire a stake in France's Numalis company will help the former build Artificial Intelligence-based solutions for use in missile systems to detect, track, intercept and destroy aerial targets. “Numalis will give us access to essential building blocks of the future validation – and ultimately certification – processes for...

HII Eyes Orca Drone Submarine Production With Hydroid Acquisition

February 4, 2020 @ 03:07 PM

Huntington Ingalls Industries' $350 million acquisition of Hydroid Inc from Kongsberg will help the company build Orca extra-large unmanned undersea vehicles (XLUUVs) with Boeing, for the United States Navy. “Hydroids advanced capabilities and reputation for excellence in autonomous and unmanned maritime systems provide the perfect complement to our existing unmanned operations,...

Turkish Albayraklar Defence Firm to Shut Shop, Offers Stock for Sale

January 23, 2020 @ 09:22 AM

Albayraklar Savunma Company awarded as the fastest growing defense company of the Year in 2019 resolved to quit the sector by offering its stocks for sale. The stocks of Albayraklar Defense Company affiliated to Albayraklar Holding, which is known for its world-famous defense industry products, are offered for sale with the...

BAE to Buy Collins’ Military GPS, Raytheon’s Tactical Radio Businesses for $2.2B...

January 20, 2020 @ 08:32 AM

BAE Systems has entered into a definitive Asset Purchase Agreement to acquire Collins Aerospaces Military GPS business for $1.925 billion and Raytheons Airborne Tactical Radios (ATR) business for $275 million

Shareholders Approve United Technologies, Raytheon Merger

October 14, 2019 @ 06:23 AM

Shareholders of United Technologies and Raytheon have given their approval to form a merger of equals- “Raytheon Technologies.” “At their respective special meetings of shareowners held today, Raytheon and United Technologies shareowners voted overwhelmingly to approve all of the proposals necessary to complete the merger of equals transaction combining United Technologies' aerospace businesses, comprised of Collins Aerospace and Pratt & Whitney, with Raytheon,” Raytheon said in a

Russian Mil & Kamov Merger to Form National Helicopter Center

October 14, 2019 @ 05:01 AM

Russian Helicopters has announced its plan to merge “Mil Moscow Helicopter plant” and “Kamov” design bureaus to establish “National Helicopter Center.” The roadmap for establishing National Helicopter Center (NHC) on the basis of two design bureau was approved by the Board of Directors of Russian Helicopters Holding Company

Rheinmetall-BAE Systems Land Systems JV Approved By UK Competition and Markets Authority

June 13, 2019 @ 11:10 AM

The proposed joint venture (JV) between Rheinmetall and BAE Systems to manufacture military vehicles has been approved by the UK Competition and Markets Authority (CMA). The JV will be known as Rheinmetall BAE Systems Land (RBSL)

United Technologies, Raytheon Merge To Form “Raytheon Technologies”

June 10, 2019 @ 07:49 AM

United Technologies Corp (UTC) and Raytheon announced a merger on Sunday, which they plan to name as “Raytheon Technologies." The combined company is forcasted to have approximately $74 billion of annual sales this year, putting it behind Boeing as the second-largest aerospace and defense company in the US by revenue

Thales Acquires AI-based Psibernetix Company

June 6, 2019 @ 09:44 AM

French company Thales Group has acquired an Artificial Intelligence-based firm Psibernetix, the company announced Thursday. Psibernetix has developed aerial combat application named ALPHA based on AI for simulated air combat

Boeing-Embraer Partnership Approved By Shareholders

February 26, 2019 @ 06:14 PM

Embraer's shareholders today approved the proposed strategic partnership between Boeing and Embraer during an Extraordinary General Shareholders' Meeting held at the companys headquarters in Brazil. At the meeting, 96