Boeing to become supplier on B-21, V-280 after $8.3 billion acquisition of Spirit AeroSystems
If approved by US regulators, the agreement would reunite Boeing with the Wichita-based production facilities it spun off in 2005 in a bid to lower costs.
Senator raises defense industry concerns over Boeing’s potential Spirit buy
Sen. Jerry Moran, R-Kan., says defense primes need more clarity about what happens to their programs if Boeing buys Spirit.
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Boeing buys GKN factory, ending dispute over F-15, F/A-18 parts
Through the deal, Boeing’s litigation with supplier GKN Aerospace will be dropped, and the aerospace giant will take possession of a St. Louis-area factory it used to own.
L3Harris selloffs hampered by low bids, CEO says
“To the extent we can get a good price for what we've identified as non-core [businesses], we'll do it. But too many of the offers are coming in low and people think we're desperate to sell, and I can assure you we're not,” said L3Harris CEO Chris Kubasik.
Austal rejects Hanwha’s takeover bid — for now
Austal rejected the bid based on concerns it would not be approved by regulators, something Hanwha says should not be an issue.
Boeing’s defense arm weighs sale of small surveillance business
Boeing acquired Germantown, Md.-based Digital Receiver Technology Inc. in 2008, when the aerospace giant was seeking to expand its presence in the intelligence sector.
Breaking Defense announces Breaking Defense Europe, a new, distinct, European edition
Breaking Defense Europe will launch May 4 with Tim Martin and Elisabeth Gosselin-Malo as co-editors.
Saab makes AI statement of intent with BlueBear acquisition
Dean Rosenfield, group managing director at Saab UK, told media that the acquisition was part of a “deliberate strategy” to grow and expand business in Britain.
BAE Systems to acquire Ball Aerospace in $5.6 billion deal
If regulators approve the deal for the US-owned Ball, the deal could be closed in the first half of 2024.
L3Harris closes Aerojet Rocketdyne deal
Aerojet will now become a fourth business unit within L3Harris in a deal previously estimated at $4.7 billion.
FTC won’t block L3Harris purchase of Aerojet Rocketdyne; CEO says deal to close this month
"We were advised today that the FTC will not block our acquisition of Aerojet Rocketdyne; therefore, we are moving forward to close the transaction on or about July 28," wrote L3Harris CEO Chris Kubasik in a note to investors.
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Leonardo DRS head not thinking retirement, wants to keep firm ‘mid-tier’ in size
CEO Bill Lynn described the firm's recent experience going public and its narrowed focus on four key growth areas.
L3Harris acquiring Aerojet Rocketdyne for $4.7B
The deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.
Satellite imaging giant Maxar to be acquired by private equity firm for $6.4 billion
Advent International to acquire Maxar in mid-2023. The satellite firm is a major provider of space-based imaging for the National Reconnaissance Office.
Leonardo DRS expecting to hit NASDAQ shortly after Thanksgiving
Overall, Lynn said, the company is “trying to spread our wings a bit” in terms of what DRS can offer the US military, with a focus on four key business areas: advanced sensing, network computing, force protection and electric power and propulsion.