Norway to Block Sale of Rolls Royce Subsidiary, Bergen Engines to Russian...
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...
MBDA-Numalis to Work on Artificial Intelligence Solutions for Missile Systems
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
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
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...
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
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
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
United Technologies, Raytheon Merge To Form “Raytheon Technologies”
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
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
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
Harris, L3 Technologies Merger to Create Global Defence Electronics Giant
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 48,000 employees and clients in 100 countries
Boeing, Embraer Prepare Contracts of Proposed Merger
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
Peru Selects Hyundai Rotem's K-808 White Tiger Armored Vehicles
South Korea to Double Military Drone Fleet by 2026
Avation PLC Orders 10 ATR 72-600s
Russian Kamikaze Drones Detected Near Zaporizhia Nuclear Power Plant
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...
Development Trends in Unmanned Surface Vessels
Unmanned surface vessels (USVs) have caught the attention of the world following their spectacular success in sinking Russian warships in...
Have Iran-Israel Missile Attacks Enabled Mutual Deterrence?
Iran's April 13-14 missile strike against Israel marks a paradigm shift in Tehran's approach to Israel; from previously relying on...
Free Flight to Russian Hypersonic Missiles as America's Own Hypersonics Program Delayed to 2027
As Russian Aerospace Forces pummeled Ukrainian positions in mid-March 2024 with hypersonic missiles, the Pentagon's own hypersonics program faces delays,...
Counter-trade, Undisclosed Deals May be Masking Russia’s Arms Export Numbers
A Stockholm International Peace Research Institute (SPIRI) report last week reported a steep fall in Russias arms exports- pushed to...
China’s “Moderate” 2024 Defense Budget Hides Frenetic Military Build-up
China on Tuesday revealed a draft defense budget draft for 2024 amounting to 1