The Ukrainian government will purchase armed versions of the Baykar Makina Bayraktar TB2 unmanned aerial vehicle from Turkey, making it the second export customer for the system.
The global combat aircraft market will grow at a “phenomenal” compound annual growth rate of 39% to 2026, consultancy Frost & Sullivan said in its new forecast.
Nine Northrop Grumman E-2D airborne early warning aircraft that Japan plans to buy over the coming five fiscal years will cost an average of $242 million each.
Howard Lance, the chief executive and a key architect of the transformation of Maxar Technologies, has resigned immediately and been replaced by Daniel Jablonsky.
The office of Brazil’s new president, Jair Bolsonaro, said he would not block Boeing’s proposed purchase of 80% of Embraer’s commercial business, or a separate joint venture to sell KC-390s.
The U.S. Army has announced plans to award Boeing a contract to produce up to 14 new CH-47F helicopters upgraded with advanced rotor blades, an improved drive train and a lightweight fuel system.
Boeing’s purchase of most of Embraer’s commercial aircraft business and rights to sell military KC-390s may be a boon to the former, already the world’s largest aerospace and defense provider, but credit analysts say it will leave the Brazilian airplane maker with a weaker financial profile for the near future.
Croatia and Israel have agreed to cancel the sale of secondhand F-16 fighters to Croatia after Tel Aviv failed to secure U.S. OKs to transfer the aircraft.
A survey of top executives in aerospace, defense and government services found industry leaders expect M&As to increase slightly or remain the same in 2019.