Norway to Block Sale of Rolls Royce Subsidiary, Bergen Engines to Russian...

March 29, 2021 @ 07:30 AM

The Norwegian government has decided to block the potential sale of Norway- registered Bergen Engines AG, a part of the Rolls Royce group, to the Russia based Transmashholding. The Minister of Justice and Public Security of Norway, Monica Meland, speaking at a hearing in the Norwegian parliament, Storting, said on...

MBDA-Numalis to Work on Artificial Intelligence Solutions for Missile Systems

February 12, 2020 @ 05:56 AM

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...

HII Eyes Orca Drone Submarine Production With Hydroid Acquisition

February 4, 2020 @ 03:07 PM

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,...

Turkish Albayraklar Defence Firm to Shut Shop, Offers Stock for Sale

January 23, 2020 @ 09:22 AM

Albayraklar Savunma Company awarded as the fastest growing defense company of the Year in 2019 resolved to quit the sector by offering its stocks for sale. The stocks of Albayraklar Defense Company affiliated to Albayraklar Holding, which is known for its world-famous defense industry products, are offered for sale with the...

BAE to Buy Collins’ Military GPS, Raytheon’s Tactical Radio Businesses for $2.2B...

January 20, 2020 @ 08:32 AM

BAE Systems has entered into a definitive Asset Purchase Agreement to acquire Collins Aerospaces Military GPS business for $1.925 billion and Raytheons Airborne Tactical Radios (ATR) business for $275 million

Shareholders Approve United Technologies, Raytheon Merger

October 14, 2019 @ 06:23 AM

Shareholders of United Technologies and Raytheon have given their approval to form a merger of equals- “Raytheon Technologies.” “At their respective special meetings of shareowners held today, Raytheon and United Technologies shareowners voted overwhelmingly to approve all of the proposals necessary to complete the merger of equals transaction combining United Technologies' aerospace businesses, comprised of Collins Aerospace and Pratt & Whitney, with Raytheon,” Raytheon said in a

Russian Mil & Kamov Merger to Form National Helicopter Center

October 14, 2019 @ 05:01 AM

Russian Helicopters has announced its plan to merge “Mil Moscow Helicopter plant” and “Kamov” design bureaus to establish “National Helicopter Center.” The roadmap for establishing National Helicopter Center (NHC) on the basis of two design bureau was approved by the Board of Directors of Russian Helicopters Holding Company

United Technologies, Raytheon Merge To Form “Raytheon Technologies”

June 10, 2019 @ 07:49 AM

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

Thales Acquires AI-based Psibernetix Company

June 6, 2019 @ 09:44 AM

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

Boeing-Embraer Partnership Approved By Shareholders

February 26, 2019 @ 06:14 PM

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

Harris, L3 Technologies Merger to Create Global Defence Electronics Giant

October 15, 2018 @ 01:25 PM

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, Embraer Prepare Contracts of Proposed Merger

July 3, 2018 @ 12:41 PM

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