ST Engineering today announced that its land systems arm signed an agreement with Israel Aerospace Industries Ltd (IAI) to set up a fifty-fifty joint venture company (JV) in Singapore. The JV, named Proteus Advanced Systems Pte Ltd, will market and sell advanced naval missile systems, including a next generation anti-ship missile...
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...
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,...
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)
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
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 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
Damen Shipyards Group and Concordia Group have signed a joint venture agreement for the construction and trade of inland waterway vessels. The joint venture will operate under the name Concordia Damen Shipbuilding