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