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 in the joint venture and Embraer will own the remaining 20 percent stake
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
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 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 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
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
US Micronet Enertecs subsidiary, Enertec Systems has teamed up with Indias Cyient DLM to jointly pursue contracts with Israeli Aerospace and Defense companies that have offset obligations in India. These obligations are based on an ongoing Aerospace and Defense trade agreement between the governments of India and Israel, the company announced today
Reliance Infrastructure (RInfra)-promoted Reliance Aerostructure and Dassault Aviation have formed Joint Venture known as 'Dassault Reliance Aerospace Limited'. Eric Trappier, Chairman of Dassault Aviation France, will be the Chairman, and Anil D Ambani, Chairman of Reliance Group, will be the Co-Chairman of Dassault Reliance Aerospace Limited DRAL
Indias SIKA and Uks Aerotek Aviation have launched joint venture, Aerotek Sika Aviation Engineering, to provide manufacturing and maintenance, repair and overhaul (MRO) of Landing Gear, Hydraulic line replaceable units (LRUs) and Actuators for fixed and rotary wing aircraft. Launched under a Make in India initiative, the Aerotek Sika facility is capable of handling all types of Landing Gear manufacturing and MRO for helicopters and aircraft, from trainer aircraft and UAVs up to the size of narrow body aircraft, both the companies announced jointly today
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
Saab has acquired additional 10 per cent of shares, reaching 25 per cent of stakes in Akaer one of the largest companies within development of aeronautical projects in Brazil. In conjunction with the expansion of the Saab-Akaer partnership, Akaer acquires 100 per cent of the shares of the Space and Defense Division (E&D) of the Brazilian optronic company Opto Eletrônica S
Beretta has acquired Victrix Armaments brand (victrixarmaments.com) from Officina Meccanica Rottigni, an Italian company based in Cazzano SantAndrea (BG)
Cameroon Receives US$7.3million Military Assistance from China
Qatar to Buy Russian Kalashnikov Rifles, Anti-tank Missile Systems
Russian Nuclear-powered Sub Takes Part in Naval Parade for the First Time
Chinese Scientist Develops Full Electric Propulsion for Warships
Turkish Firm Wins Tender to Build Four Corvettes for Pakistan Navy
Turkey’s First Indigenous Aircraft Carrier To Be Ready in 2021
Boeing Apache, Turkish ATAK Compete in Moroccan Helicopter Program
Philippine $5.6 Billion Horizon-2 Phase to Fund Four Frigates, Submarines
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...
The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...
The Indian MoD's plan to purchase 110 fighter jets may be its costliest fighter jet buy ever with the entire...
Indias plans of integrating the MBDAs meteor missile on its LCA Tejas and Su-30MKI aircraft may not happen due to...
The most-read stories on the defenseworld
One of the most interesting exhibits at the Dubai Air show 2017 occupies a corner in the Aviation Industries Corporation...