A recent internal study shows more than nine out of 10 repairs performed by the defense industry on U.S. Air Force aircraft are by a sole-source vendor, the service’s top logistics official said on April 28.
Private equity investor Madison Dearborn Partners has bought aerospace and defense supplier Arch Precision Components from the Jordan Co. for an undisclosed amount, the companies announced April 19.
The U.S. Air Force has selected Collins Aerospace to design a new wheel and carbon brake system for the B-52 as part of the aircraft’s life extension program.
Privately owned TECT Aerospace of Wichita, which manufactures complex aerostructure components, parts and assemblies, filed to begin U.S. bankruptcy proceedings April 6.
Privately held PCX Aerosystems, a Newington, Connecticut, aerospace supplier, will buy Senior Aerospace Connecticut (SAC) in Enfield from Tier 2 supplier Senior for $74 million.
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.