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
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
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
StandardAero has finalized the acquisition of Vector Aerospace from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft, the company said in a statement Friday
Boeing has announced its investment in Gamma Alloys, a developer of advanced metal-matrix composites and nanotechnogy based material for use in aerospace, automotive and other industries. "With funding from Boeing, we will explore compelling applications across demanding industries such as aerospace while accelerating our nanoparticle material development and the full-scale industrialization of our manufacturing processes," said Gamma Alloys CEO Mark Sommer
L3 Technologies has acquired Doss Aviation.The acquisition was completed on September 12, 2017, and the terms were not disclosed
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
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