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 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
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
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 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
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
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
India's Tata Technologies has signed a Memorandum of Understanding (MoU) with the Vidarbha Defense Industries Association (VDIA) to set up a new aerospace and defense center in Nagpur in the western state of Maharashtra. The Indian government will help promote technological capabilities and develop skilled resources setting up 'NIRMAN', a not-for-profit common facilitation centre for aerospace and defence and 'UDAN', an initiative to provide competency-based education for engineering institutes and universities, the company said in a statement Monday
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 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
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
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