Textron Acquires Beech Holdings

March 17, 2014 @ 09:50 AM

Textron has completed the acquisition of Beech Holdings, LLC, parent company of Beechcraft Corp., naming a new business segment called Textron Aviation

Lockheed Martin To Acquire Industrial Defender

March 13, 2014 @ 07:49 AM

Lockheed Martin has entered into a definitive agreement to acquire Industrial Defender, a provider of cyber security solutions for control systems in the oil and gas, utility and chemical industries. Subject to the satisfaction of customary closing conditions, the acquisition is expected to close within 30 days

SEC Form 10 Registration Statement Filed For Exelis' Planned Mission Systems Business

March 11, 2014 @ 07:44 AM

Exelis announced today that a registration statement on Form 10 was filed with the US Securities and Exchange Commission (SEC) for the planned spinoff of its current Mission Systems business. The form filling has named "Exelis MSCO Inc

Astronics Acquires EADS North America's Test And Services Division

March 4, 2014 @ 04:40 PM

Astronics Corporation (ATRO) announced that it completed on February 28, 2014, the acquisition of all of the assets and liabilities of EADS North America's Test and Services division (EADS T&S). The acquisition cost approximately $53 million in cash plus a preliminary net working capital adjustment of $17 million

Russian Helicopters To Continue Rotorcraft Industry Modernization

March 3, 2014 @ 11:40 AM

Russian Helicopters is continuing to modernize its production capacity under the Federal Targeted Programme Developing the Military Industrial Complex in the Russian Federation 2011-2020. In this latest phase of modernization, the Ulan-Ude Aviation Plant, a Russian Helicopters company, is launching a programme to re-tool and upgrade its production facilities

Northrop Grumman Acquires Qantas Defence Services

February 28, 2014 @ 01:35 PM

Northrop Grumman Australia announced that it has completed the acquisition of Qantas Defence Services, now called Northrop Grumman Integrated Defence Services Pty Limited (IDS). IDS will operate as a part of Northrop Grumman Australia and is strategically aligned with the Integrated Logistics and Modernization division of Northrop Grumman Technical Services

Alenia Aermacchi Appoints New Chairman

February 19, 2014 @ 11:13 AM

Alenia Aermacchis Board of Directors has appointed Giancarlo Grasso as the new Chairman, a responsibility he will exercise in coordination with the Chief Executive Officer. Giancarlo Grasso has succeeded Amedeo Caporaletti, and will be vested with the power to manage the companys business strategies

Rockwell Collins Appoints New Vice President And Managing Director Of Asia Pacific

February 11, 2014 @ 08:33 AM

Rockwell Collins today announced that James ‘Jim Walker has been appointed as vice president and managing director of Asia Pacific. “Jim brings a unique combination of regional business acumen, geopolitical savvy and seasoned leadership experience to Rockwell Collins,” said Mahoney

Mahindra, Telephonics Launch Joint Venture Partnership In India

February 7, 2014 @ 01:30 PM

Telephonics Corporation, a subsidiary of Griffon Corporation, launched their joint venture partnership, Mahindra Telephonics Integrated Systems, as the first private sector aerospace and electronics manufacturing facility in India. The facility represents an important milestone for Indias rapidly expanding private defense industry

No Procurements Until April: A K Antony

February 6, 2014 @ 02:12 PM

Indias Defence Minister AK Antony today announced at Defexpo 2014 that there will be no more procurement until after April 2014. Addressing the media, he said that the Defence Procurement Procedures (DPP) is also being reviewed

JK Organisation Acquires DELOPT

February 6, 2014 @ 12:50 PM

India-based JK Organisation has acquired a majority stake in Deepti Electronics & Electro-Optics Pvt. Ltd

Defexpo Organizers Face $480,000 In Losses After Finmeccanica Ban

February 6, 2014 @ 08:42 AM

The Indian Defence Ministrys decision to ban 27 domestic and international firms from attending Defexpo 2014 has caused show organizers with the losses over $480,000. Due to the cancellation of bookings of Finmeccanica and its subsidiaries AgustaWestland, Selex, Oto Malera, Aleania Aermachhi and WASS in view of a pending CBI probe against them, has resulted in the loss, according to the Economic Times