L3Harris Technologies has begun advertising the sale of “several” business units deemed peripheral to the newly merged company’s strategy, the top L3Harris leader said Oct. 30, with proceeds earmarked to go to stock repurchases.
The European Commission (EC) has cleared the acquisition of British defense firm Cobham by U.S. private equity firm Advent International, but approvals from the British government are still pending.
GKN Aerospace announced Oct. 30 that it appointed Krisstie Kondrotis as president of its defense division effective Nov. 1, marking a key executive transfer between rivals.
The Missile Defense Agency has selected four companies to demo a prototype for a new space-based sensor optimized to detect and track maneuvering, hypersonic targets gliding or cruising within the atmosphere.
The Japanese finance ministry is demanding private investment in the country’s Future Fighter program, in part to ensure contractors are fully incentivized to prevent failure.
The search for and processing of resources such as water ice and oxygen as well as scientific discovery are quickly emerging as key drivers in NASA’s accelerated human return to the Moon’s surface in 2024 and preparation for Mars.
Northrop Grumman has completed all hardware installation for the delayed B-2 defensive management system modernization upgrade on the initial test aircraft.
The Japanese finance ministry is demanding private investment in the country’s Future Fighter program, in part to ensure contractors are fully incentivized to prevent failure.
Sikorsky and Rheinmetall will build a logistics and fleet management center at Leipzig/Halle Airport in Germany if the CH-53K King Stallion is selected for the country’s STH heavy lift helicopter requirement.
The U.S. Air Force’s plan for acquiring future fighter aircraft may crimp the service’s ability to grow in the future, a study of the USAF’s force structure plans indicates.
“This is a terrific endorsement and a transformational capital infusion which enables us to go full speed ahead towards our goals of commercial service and building additional spaceships,” Virgin Galactic CEO George Whitesides says.