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...
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
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
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"
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
Leonardo-Finmeccanica has acquired full control of Sistemi Dinamici from IDS Friday. The control of the company, which involved the remaining 60 percent of shares, is aimed at further strengthening Leonardo in unmanned products thanks to the acquisition of the new unmanned lightweight helicopter SD-150 Hero program
Meggitt has sold its defense unit to UK firm QinetiQ for 57.5 million pounds ($71 million) as the aerospace and engineering group intends to focus on its larger market