Nexter Acquires Chemring's European Munitions Business For £138 Million

April 28, 2014 @ 02:34 PM

Nexter Systems has acquired Chemring Groups European munitions business, in a deal estimated £138 million. Chemring sold its Mecar ammunition operation in Belgium and the Simmel facilities in Italy to the French state-owned munitions, armored vehicle and artillery supplier

Honeywell Appoints Pritam Bhavnani President, India and High Growth Regions

April 25, 2014 @ 01:45 PM

Honeywell Aerospace India today announced the two changes to its senior executive team in India. Pritam Bhavnani has been named President, India and High Growth Regions, according to an official statement

Russia To Take Over, Modernize Ukrainian Defense Enterprises In Crimea

April 16, 2014 @ 07:05 AM

A total of 13 Crimean-based Ukrainian defense enterprises manufacturing a variety of hardware including the Odessa Aviation Plant and a Joint Stock Company (JSC) Motor Sich will be taken over by Russia. Following the merger of Crimea with Russia the latter plans to infuse capital and technology to modernize the plants,...

SAAB Sign MoU For Acquisition Of ThyssenKrupp Marine Systems AB

April 14, 2014 @ 02:56 PM

ThyssenKrupp AG and Saab AB today signed a non-binding Memorandum of Understanding concerning the sale of the Swedish shipyard, ThyssenKrupp Marine Systems AB (formerly named Kockums) with operations in Malmö, Karlskrona and Muskö to Saab AB. Both parties agree that during the negotiations phase, the integrity and the operating ability...

Textron Acquires Beech Holdings

March 17, 2014 @ 09:50 AM

Textron has completed the acquisition of Beech Holdings, LLC, parent company of Beechcraft Corp., naming a new business segment called Textron Aviation

Lockheed Martin To Acquire Industrial Defender

March 13, 2014 @ 07:49 AM

Lockheed Martin has entered into a definitive agreement to acquire Industrial Defender, a provider of cyber security solutions for control systems in the oil and gas, utility and chemical industries. Subject to the satisfaction of customary closing conditions, the acquisition is expected to close within 30 days

SEC Form 10 Registration Statement Filed For Exelis' Planned Mission Systems Business

March 11, 2014 @ 07:44 AM

Exelis announced today that a registration statement on Form 10 was filed with the US Securities and Exchange Commission (SEC) for the planned spinoff of its current Mission Systems business. The form filling has named "Exelis MSCO Inc

Astronics Acquires EADS North America's Test And Services Division

March 4, 2014 @ 04:40 PM

Astronics Corporation (ATRO) announced that it completed on February 28, 2014, the acquisition of all of the assets and liabilities of EADS North America's Test and Services division (EADS T&S). The acquisition cost approximately $53 million in cash plus a preliminary net working capital adjustment of $17 million

Russian Helicopters To Continue Rotorcraft Industry Modernization

March 3, 2014 @ 11:40 AM

Russian Helicopters is continuing to modernize its production capacity under the Federal Targeted Programme Developing the Military Industrial Complex in the Russian Federation 2011-2020. In this latest phase of modernization, the Ulan-Ude Aviation Plant, a Russian Helicopters company, is launching a programme to re-tool and upgrade its production facilities

Northrop Grumman Acquires Qantas Defence Services

February 28, 2014 @ 01:35 PM

Northrop Grumman Australia announced that it has completed the acquisition of Qantas Defence Services, now called Northrop Grumman Integrated Defence Services Pty Limited (IDS). IDS will operate as a part of Northrop Grumman Australia and is strategically aligned with the Integrated Logistics and Modernization division of Northrop Grumman Technical Services

Alenia Aermacchi Appoints New Chairman

February 19, 2014 @ 11:13 AM

Alenia Aermacchis Board of Directors has appointed Giancarlo Grasso as the new Chairman, a responsibility he will exercise in coordination with the Chief Executive Officer. Giancarlo Grasso has succeeded Amedeo Caporaletti, and will be vested with the power to manage the companys business strategies

Rockwell Collins Appoints New Vice President And Managing Director Of Asia Pacific

February 11, 2014 @ 08:33 AM

Rockwell Collins today announced that James ‘Jim Walker has been appointed as vice president and managing director of Asia Pacific. “Jim brings a unique combination of regional business acumen, geopolitical savvy and seasoned leadership experience to Rockwell Collins,” said Mahoney