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MBDA-Numalis to Work on Artificial Intelligence Solutions for Missile Systems

February 12, 2020 @ 05:56 AM

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

February 4, 2020 @ 03:07 PM

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

January 23, 2020 @ 09:22 AM

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...

January 20, 2020 @ 08:32 AM

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

October 14, 2019 @ 06:23 AM

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'...

Russian Mil & Kamov Merger to Form National Helicopter Center

October 14, 2019 @ 05:01 AM

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

Rheinmetall-BAE Systems Land Systems JV Approved By UK Competition and Markets Authority

June 13, 2019 @ 11:10 AM

The proposed joint venture (JV) between Rheinmetall and BAE Systems to manufacture military vehicles has been approved by the UK Competition and Markets Authority (CMA). The JV will be known as Rheinmetall BAE Systems Land (RBSL)

United Technologies, Raytheon Merge To Form “Raytheon Technologies”

June 10, 2019 @ 07:49 AM

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

June 6, 2019 @ 09:44 AM

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

February 26, 2019 @ 06:14 PM

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

Dassault Aviation Discussing with 60 Indian companies for Supply Chain Operations

December 17, 2018 @ 01:48 PM

Dassault Aviation has signed deal with 30 Indian companies and is talking to 60 more to set up a supply-chain network for its JV with Reliance Defence in Nagpur. The supply chain network will feed its JV with Reliance Defencewhich is engaged in executing offsets contract as part of India's buy of 36 Rafale fighter jets

Boeing-Embraer Reach Consensus on Terms of Aerospace Partnership

December 17, 2018 @ 12:54 PM

Embraer and Boeing reach consensus on terms of the strategic aerospace partnership in which Boeing will acquire an 80 percent ownership stake in the joint venture for $4.2 billion

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