United Technologies Corporation (UTC) will acquire Rockwell Collins for $140.00 per share, in cash and UTC stock, both companies announced yesterday
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...
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...
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
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
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
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"
Beretta has acquired Victrix Armaments brand (victrixarmaments.com) from Officina Meccanica Rottigni, an Italian company based in Cazzano SantAndrea (BG)
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
BAE Systems has sold San Francisco ship repair business to Puglia Engineering which currently operates two shipyards in USA. BAE Systems operates six full-service shipyards in Alabama, California, Florida, Hawaii and Virginia, offering ship repair, maintenance, modernization, conversion, and overhaul services for the US Navy, other government agencies and select commercial customers