U.A.E.’s EDGE Group, Italy’s Fincantieri Announce €30B Joint Venture for Naval Manufacturing...

February 22, 2024 @ 05:35 AM

EDGE Group and Fincantieri have officially entered into a term sheet to establish a joint venture (JV) with a focus on manufacturing naval vessels. The term sheet formalization took place at Palazzo Marina in Rome, Italy, on Wednesday in the presence of key officials from both organizations and high-ranking military figures...

BAE Systems Acquires Malloy Aeronautics to Expand Uncrewed Aerial Systems Portfolio

February 3, 2024 @ 05:58 AM

BAE Systems has finalized the acquisition of Malloy Aeronautics, a company specializing in heavy lift drone and aeronautical technologies. This move is part of BAE Systems' broader strategy to invest in technologies and augment its capabilities in the uncrewed aerial systems (UAS) sector

Rheinmetall Acquires Majority Stake in Romanian Vehicle Maker, Automecanica Medias

February 1, 2024 @ 09:55 AM

Rheinmetall is set to acquire a 72.5% majority holding in Automecanica Mediaș, a Romanian vehicle maker, as part of its ongoing expansion in Central Europe

Belgium’s John Cockerill to Acquire French Military Vehicle Supplier Arquus

January 17, 2024 @ 02:50 PM

John Cockerill, a supplier of light tank turrets and simulation systems, has entered an exclusive agreement with the Volvo Group to acquire Arquus, Frances primary military vehicle supplier. The

Airbus Helicopters to Acquire VTOL UAV Manufacturer, Aerovel

January 16, 2024 @ 09:47 AM

Airbus Helicopters and Aerovel have inked an agreement for Airbus to acquire Aerovel and its unmanned aerial system (UAS), Flexrotor. The move is part of Airbus' strategic plan to bolster its portfolio of tactical unmanned solutions

Diehl Defence Acquires Precision Parts Manufacturer ‘Allweier’

December 23, 2023 @ 06:21 AM

Germany's Diehl Defence officially announced its acquisition of Allweier, a precision parts manufacturer based in Überlingen. The company said it will take over Allweier on January 1, 2024

Ukraine’s Ukroboronprom, German Rheinmetall Establish Joint Venture 'RHEINMETALL UDI'

October 25, 2023 @ 07:15 AM

Ukraine's Defense Industry (UDI), formerly known as Ukroboronprom, has entered into a significant joint venture with Germany's Rheinmetall AG, resulting in the establishment of "Rheinmetall Ukrainian Defense Industry LLC" to jointly maintain and produce military equipment. This partnership was officially registered on October 18, 2023, and Ukraine's Prime Minister, Denys Shmyhal, made the announcement during the German-Ukrainian Business Forum in Berlin, where Germany's Federal Chancellor, Olaf Scholz, was also present

Thales Closes Deal to Buy Australian Cybersecurity Firm, Tesserent

October 5, 2023 @ 10:54 AM

Thales has completed its acquisition of Tesserent, a cybersecurity firm based in Australia. The acquisition, initially announced in June 2023, has solidified Thales's position in the cybersecurity sector, furthering its commitment to enhancing global cyber defenses

Safran Acquires Thales’ Aeronautical Electrical Systems Business

October 3, 2023 @ 06:01 AM

Safran Electrical & Power has completed buying Thales' business that makes electrical systems for planes, including power conversion, generation, and motors for both civilian and military aircraft. This buyout follows exclusive negotiations announced in September 2022

Germany's Federal Cartel Office Clears Rheinmetall-Ukrainian Defence Industry Joint Venture in Kyiv

September 29, 2023 @ 06:03 AM

Germanys Federal Cartel Office, Bundeskartellamt, cleared the way for establishing a joint venture between Rheinmetall Landsysteme GmbH and Ukrainian Defence Industry group (UDI), the former Ukroboronprom, on Thursday. Authorization from other relevant agencies has already been applied for and is expected to come shortly