Dassault Aviation Discussing with 60 Indian companies for Supply Chain Operations

December 17, 2018 @ 01:48 PM

Dassault Aviation has signed deal with 30 Indian companies and is talking to 60 more to set up a supply-chain network for its JV with Reliance Defence in Nagpur. The supply chain network will feed its JV with Reliance Defencewhich is engaged in executing offsets contract as part of India's buy...

Boeing-Embraer Reach Consensus on Terms of Aerospace Partnership

December 17, 2018 @ 12:54 PM

Embraer and Boeing reach consensus on terms of the strategic aerospace partnership in which Boeing will acquire an 80 percent ownership stake in the joint venture for $4.2 billion

Harris, L3 Technologies Merger to Create Global Defence Electronics Giant

October 15, 2018 @ 01:25 PM

United States based Harris and L3 Technologies specializing in military communications and electronics, announced their merger on Sunday creating one of the biggest global defence firms. The merged entity—to be called L3 Harris Technologies Incorporated—will be the sixth-largest US defense company and one of the 10 largest in the world, with...

Tata Technologies Signs MoU to Set Up New Defense Aerospace Center in...

July 23, 2018 @ 12:09 PM

India's Tata Technologies has signed a Memorandum of Understanding (MoU) with the Vidarbha Defense Industries Association (VDIA) to set up a new aerospace and defense center in Nagpur in the western state of Maharashtra. The Indian government will help promote technological capabilities and develop skilled resources setting up 'NIRMAN', a not-for-profit...

Boeing to Take Over Embraer's Commercial Aircraft Business for $4.75 billion

July 5, 2018 @ 02:16 PM

Boeing and Embraer today announced they have signed a MoU to set up a joint venture comprising the commercial aircraft business of Embraer that would strategically align with Boeings commercial development, production, marketing and lifecycle services operations. Under the terms of the agreement, Boeing will hold an 80 percent ownership stake...

Boeing, Embraer Prepare Contracts of Proposed Merger

July 3, 2018 @ 12:41 PM

Boeing and Embraer have prepared contracts of their proposed tie-up and are expected to submit them to the Brazilian government within two weeks, Brazilian newspaper reported. The proposed merger, which would need the go-ahead from the Brazilian government, would leave Boeing as the majority partner, according to Valor Economico report on its website Monday

Boeing to Acquire Aviation Parts Provider KLX for $4.25 Billion

May 2, 2018 @ 02:50 PM

Boeing has entered an agreement to acquire KLX, an aviation parts and services provider in an all-cash transaction for $63 per share, approximately $1 billion of net debt, totalling $4.25 billion

General Dynamics To Acquire IT Firm CSRA In $9.6 Billion Deal

February 12, 2018 @ 03:07 PM

Defense contractor General Dynamics and Information technology firm CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash

Damen, Concordia Joint Venture to Construct Inland Waterway Vessels

December 18, 2017 @ 05:24 PM

Damen Shipyards Group and Concordia Group have signed a joint venture agreement for the construction and trade of inland waterway vessels. The joint venture will operate under the name Concordia Damen Shipbuilding

Brahmos, Godrej Aerospace to Announce Strategic Partnership

December 4, 2017 @ 12:43 PM

Brahmos Aerospace, an Indo-Russian missile manufacturer and India's Godrej Aerospace plan to announce a strategic partnership. The two companies have scheduled a media event tomorrow to announce the partnership

StandardAero Acquires Vector Aerospace from Airbus

November 4, 2017 @ 09:01 AM

StandardAero has finalized the acquisition of Vector Aerospace from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft, the company said in a statement Friday

Boeing Invests in Nanotechnology Applications Firm, Gamma Alloys

November 2, 2017 @ 03:39 AM

Boeing has announced its investment in Gamma Alloys, a developer of advanced metal-matrix composites and nanotechnogy based material for use in aerospace, automotive and other industries. "With funding from Boeing, we will explore compelling applications across demanding industries such as aerospace while accelerating our nanoparticle material development and the full-scale industrialization of our manufacturing processes," said Gamma Alloys CEO Mark Sommer