Canadian pilot training and simulator leader CAE has announced its fourth acquisition in as many months, marking a major move into the U.S. military market with the purchase of rival L3Harris Military Training for $1.05 billion, the companies said March 1.
Italian flagship aerospace and defense company Leonardo has reiterated its intent to sell off its Arlington, Virginia-based U.S. operations called DRS, marking the second time since last fall that the company has commented on the sales effort.
For the first time, Raytheon Technologies subsidiary Collins Aerospace and the U.S. Defense Logistics Agency have agreed to a performance-based contract structure that allows the team to forecast future gearbox repair parts and spares needed for U.S. Air Force B-2 and F-16 aircraft.
A committee of UK lawmakers has called upon the country’s defense ministry to stop doing business with British companies owned by Chinese or Russian parents.
Lockheed Martin, the Pentagon’s leading contractor by sales, will prove its “culture of cash” for shareholders in the coming years after returning almost $4 billion in dividends and share buybacks in 2020 despite the COVID-19 crisis, tempered F-35 deliveries and slowing space work near term.
Customers of TransDigm Group expect to pay roughly 2% higher prices this year from the key aerospace and defense parts provider, compared with an average of just 0.8% more across the whole aerospace supplier base, according to new survey results from Jefferies analysts.
Airbus Helicopter is proposing its H175 twin-engine super-medium rotorcraft as a potential replacement for the UK Royal Air Force’s (RAF) aging fleet of Airbus Puma medium-lift platforms.
Jack London, the longtime face of and driving force behind government services contractor CACI International, has died at age 83, the company announced late Jan. 20.
Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.
A British aircraft parts supplier says it has halted supplies of fuel systems to Turkish unmanned aircraft OEM Baykar Makina after discovering the system had been used in Baykar’s Bayraktar TB2 combat unmanned air system.
The Pentagon on Jan. 13 formally unveiled the Trusted Capital Digital Marketplace, a network for preapproved U.S. investor groups to match with technology startups deemed interesting enough to U.S. national security agencies to guard against Chinese or other foreign investment stakes.
