BAE Systems Sells San Francisco Ship Repair Business To Puglia Engineering

January 4, 2017 @ 01:35 PM

BAE Systems has sold San Francisco ship repair business to Puglia Engineering which currently operates two shipyards in USA. BAE Systems operates six full-service shipyards in Alabama, California, Florida, Hawaii and Virginia, offering ship repair, maintenance, modernization, conversion, and overhaul services for the US Navy, other government agencies and select commercial...

Leonardo-Finmeccanica Acquires Sistemi Dinamici From IDS

December 27, 2016 @ 02:34 PM

Leonardo-Finmeccanica has acquired full control of Sistemi Dinamici from IDS Friday. The control of the company, which involved the remaining 60 percent of shares, is aimed at further strengthening Leonardo in unmanned products thanks to the acquisition of the new unmanned lightweight helicopter SD-150 Hero program

QinetiQ Acquires Defense Unit From Meggitt

December 22, 2016 @ 10:12 AM

Meggitt has sold its defense unit to UK firm QinetiQ for 57.5 million pounds ($71 million) as the aerospace and engineering group intends to focus on its larger market

RUAG To Acquire British Cyber Security Firm Clearswift

December 22, 2016 @ 08:48 AM

RUAG Defence division is acquiring the British Cyber Security specialist 'Clearswift' for expansion and long-term development of its cyber security business. Clearswift's products will be a significant addition to the RUAG Defence Cyber Security business unit

Rockwell Collins To Acquire B/E Aerospace For $8.3 Billion

October 24, 2016 @ 07:16 AM

Rockwell Collins will acquire B/E Aerospace for approximately $6.4 billion in cash and stock, plus the assumption of $1

Russian Firm Likely To Buy Stake From India's ABG Shipyard

October 22, 2016 @ 09:54 AM

Indias ABG shipyard is likely to sell a stake to a Russian firm to inject finances into the loss-making firm. The Mumbai based naval shipbuilder has confirmed that it engaged with a Russian firm to sell a stake to improve the companys financial strength but it did not reveal which Russian firm as discussion is going on,

Saab Acquires Mine Counter Measures Manufacturer Nordic Defence Industries

October 19, 2016 @ 11:16 AM

Saab has acquired Denmarks Nordic Defence Industries (NDI) that manufactures mine disposal charge systems for the naval defense industry. “With the acquisition, our regional footprint will be strengthened as well as our role as a global supplier of Mine Counter Measure solutions,” said Görgen Johansson, head of business area Dynamics in a statement Tuesday

MKU, Shvabe JV To Set Up Electro-optical Device Production Facility In India

March 29, 2016 @ 04:28 PM

Indian MKU and Russian JSC Shvabe signed MoU to manufacture Electro Optical Devices in India, with production facility to be situated in Kanpur. “As per the MOU Shvabe will train and assist in setting up of EO manufacturing and servicing unit in India with MKU

Rostec Plans Russian Helicopters’ Stake Sale To Abu Dhabi-Based Mubadala

March 11, 2016 @ 09:06 AM

Rostec Corporation is planning to sell a stake in its rotorcraft designer and manufacturer Russian Helicopters to the Mubadala foundation of Abu Dhabi. Officials from Rostec and Mubadala foundation are currently in talks to sell the stake, head of Rostec Sergey Chemezov told TASS today

Boeing Promises Close Look at Proposed Honeywell-United Technologies Merger

February 27, 2016 @ 01:00 PM

Boeing has said it would take a close look at the proposed merger of Honeywell and United Technologies. “Healthy competition in our supply chain is vitally important to Boeing and our commercial and military customers,” the company said in a statement

Saab, India's Kalyani in Missile Manufacturing Joint Venture

February 13, 2016 @ 08:26 AM

Saab, Kalyani Strategic Systems Ltd (KSSL) have announced plans to set up a joint venture to bid for Indias SRSAM and VSHORAD Air Defence Programmes. The joint venture will handle the main part of production and delivery of these air defence systems to the Indian customer