Boeing to Acquire Aviation Parts Provider KLX for $4.25 Billion
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
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
StandardAero Acquires Vector Aerospace from Airbus
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
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...
L3 Tech Acquires Doss Aviation
L3 Technologies has acquired Doss Aviation.The acquisition was completed on September 12, 2017, and the terms were not disclosed
United Technologies To Acquire Rockwell Collins
United Technologies Corporation (UTC) will acquire Rockwell Collins for $140.00 per share, in cash and UTC stock, both companies announced yesterday
Israeli IAI, India's Kalyani To Set Up Maintenance Center For Air Defence...
Israel Aerospace Industries (IAI) and Kalyani Strategic Systems Ltd. (KSSL) have signed a Memorandum of Understanding (MOU) to expand joint venture for establishing a maintenance center for selected advanced air defence systems in Hyderabad in the state of Telengana in India
Russia's Rostec Board Likely To Sell 26 % Stake In Kalashnikov To
The board of directors of Russian conglomerate Rostec will consider the sale of a 26 percent stake minus one share in weapons maker Kalashnikov to two private investors, Andrei Bokarev and Alexei Krivoruchko. Rostec announced Friday that it has agreed to sell off a stake in Kalashnikov as part of an overhaul of the producer of the AK-47 assault rifle
Indian Expert Committee Calls For Independent Defence Procurement Organization
An Expert committee formed by the Indian government has recommended setting up an independent organization outside the ministry of defense to undertake defense procurement. The committee, headed by retired IIM professor Pritam Singh, recommended this measure to overcome the unending problem of delays in defence procurement, unspent budgets, allegations of corruption and botched deals
Safran Bids US$9 Billion To Buy Plane-Cabin Maker Zodiac Aerospace
French aero engine manufacturer Safran on Thursday has launched a $9 billion agreed bid for seats manufacturer Zodiac Aerospace to create the world's third-largest aerospace supplier as the industry bulks up to tackle record high output plans. The deal comes three months after Zodiac's competitor B/E Aerospace agreed to be acquired by Rockwell Collins and six years following Zodiac's family shareholders publicly snubbing a botched approach from Safran, branding it "opportunistic"
Airbus sells Atlas Elektronik Stake To Thyssenkrupp AG
Airbus Defence and Space has signed an agreement to sell its 49 percent share in Atlas Elektronik Group to Thyssenkrupp AG based in Essen, Germany. With this acquisition, Thyssenkrupp, which to date has held a 51 percent share in the company, will become the sole owner of Atlas Elektronik, the company announced today
Leonardo-Finmeccanica Acquires Sistemi Dinamici From IDS
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
Argentina gets U.S. Nod to Buy Basler BT-67 Aircraft
Netherlands, Czech Republic to Purchase Ammunition for Ukraine
First Batch of Modernized Dutch Apache Echo Helicopters Now Combat-Ready
Germany Approves Procurement of Puma Simulator, Practice Rockets for Tiger Helicopter
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
Battle of Counter-Drone SAMs- Raytheon's Coyote Vs. Russian Pantsir-S1
The spectacular success of drones on the battlefield in Ukraine has prompted Russia and the United States to develop counter-measures...
Grounding of U.S. Military’s V-22 Osprey Fleet Enters Third Month
The grounding of around 400-strong fleet of Osprey V-22 Tilt-rotor aircraft is in its third month with no update on...
How Indian MQ-9B SkyGuardian Acquisition Plan Changes Drone Equation in South Asia
India has recently gained U