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Diehl Defence & TAUBER Holding Establish JV to Help in Ammunition Stockpiling

August 31, 2024 @ 10:55 AM

Diehl Defence and TAUBER Holding have set up a 50:50 joint venture ‚ ‘TD Services GmbH‘ to serve the expansion of capacities in the fields of ammunition disposal, logistics and inventory management in Germany. While Diehl Defence is a leading supplier of air defence systems, missiles and various other military effectors,...

Indonesia Donates, Weapons, Ammunition to Cambodian Army's Special Forces

August 31, 2024 @ 07:22 AM

Indonesia has donated and unspecified number of weapons and ammunition to the special forces of the Cambodian armed forces which were flown aboard a C-130 Hercules aircraft. The handover ceremony was led by Air Vice-Marshal H

Lockheed Martin to Acquire Satellite Solutions Provider, Terran Orbital for $450 million

August 15, 2024 @ 02:09 PM

Lockheed Martin today signed an agreement to acquire Terran Orbital, a provider of satellite-based solutions to the aerospace and defense industries. Terran Orbital is specialized in robotic manufacturing capacity and modular space vehicle designs

Rheinmetall to Acquire Majority Stake in South African Resonant Holdings

August 6, 2024 @ 09:51 AM

Rheinmetall AG has signed an agreement with Resonant Holdings (Pty) Ltd, to acquire a majority stake in the South Africa based company. The agreement will see Rheinmetall Waffe Munition GmbH, a subsidiary of Rheinmetall, taking a 51% share in the newly established joint venture, Rheinmetall Resonant South Africa

Leonardo, Rheinmetall in JV for Italian Tank, Lynx Infantry Vehicle

July 4, 2024 @ 06:53 AM

Leonardo and Rheinmetall have signed an MoU to form a 50:50 joint venture for developing and commercializing new land defense systems, including a Main Battle Tank and the Lynx Platform for the Italian Army. In particular, the future joint venture - headquartered in Italy - will be the Lead System Integrator,...

John Cockerill Defense Buys French Military Vehicles Supplier ‘Arquus’

July 3, 2024 @ 11:47 AM

John Cockerill Defense announced Tuesday the conclusion of the acquisition process of Volvo Groups Arquus, the French supplier of military vehicles. The conclusion of the operation comes as France and Belgium recently signed a Memorandum of Understanding to support and oversee this alliance, with both states each entering at 10% in the capital of John Cockerill Defense

Boeing Acquires Spirit AeroSystems for $8.3B, Airbus to Take Over its Manufacturing...

July 1, 2024 @ 07:10 AM

Video Boeing today announced a definitive agreement to acquire Spirit AeroSystems, a key supplier of sub-assemblies for both Boeing and Airbus

Safran-MTU Joint Venture to Develop Engines for Future European Military Helicopters

June 27, 2024 @ 06:21 AM

Safran Helicopter Engines and MTU Aero Engines have signed a cooperation agreement to establish a 50/50 joint venture named EURA (European Military Rotorcraft Engine Alliance). This new entity, which aims to develop engines for military helicopters, will be based at Safran Helicopter Engines headquarters in Bordes, France

Patria Acquires Nordic Drones to Enhance Unmanned Aerial Systems Capabilities

June 13, 2024 @ 12:49 PM

Patria has signed a bill of sale on Thursday to acquire the entire share capital of Nordic Drones Oy, a Finnish drone pilot trainer and manufacturer specializing in professional drones. The value of the acquisition has not been disclosed

Indonesia’s PT Len Industri, Thales Form Joint Venture to Develop Surveillance Radars...

June 4, 2024 @ 06:30 AM

Thales is forming a joint venture with Indonesian defence firm PT Len Industri to collaborate on air surveillance radars, Command & Control systems, and a national Air Operations Centre. A Centre of Excellence, the first of its kind in Indonesia, will be created to meet the air surveillance requirements of the Indonesian Air Force, enhancing airspace protection capabilities

Fincantieri Buys Leonardo's Submarine Business for €415M

May 11, 2024 @ 07:59 AM

Italian shipbuilder Fincantieri announced on Thursday the acquisition of Leonardo's Underwater Armament Systems (UAS) for an enterprise value of €415 million. The

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