Mergers and Acquisitions
Cobham considers merger or takeover of Ultra Electronics
Cobham said it was considering a possible combination with Ultra Electronics Holdings, which has sites in Ferndown and Weymouth. Ultra responded by saying it had called off discussions at a very early stage, raising the possibility that Cobham could mount a hostile takeover. Read More>>
Partnerships
General Electric Company and Safran SA joint partners to developing a hybrid jet engine
General Electric Company and Safran SA have unveiled plans to create an open-bladed jet engine that can reduce fuel use and carbon emissions by 20%. They are extending their CFM International JV by a decade to 2050. Read More>>
Deal and Deal Renewals
Airbus to provide satellite maritime surveillance services for the UK Royal Navy
The Airbus surveillance services will give JMSC a greater understanding of the various activities across UK waters, especially with a focus on potentially uncooperative vessels, helping to better address security challenges and allowing resources to be rapidly deployed to intercept. Read More>>
Algorithmia selected for use by Raytheon Technologies
Algorithmia and other leaders in artificial intelligence and machine learning will enable Raytheon Technologies’ TITAN team to deliver easily digestible data to Army operators. TITAN will ingest data from space and high-altitude, aerial and terrestrial sensors to provide targetable data to defense systems.
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Executive Movement
Airbus SE appoints new executive VP Digital and Information Management
Airbus SE has appointed Catherine Jestin as Executive VP Digital and Information Management. Jestin is responsible for driving Information Technology systems and solutions supporting Airbus employees, customers, and suppliers. Read More>>
New board leaders elected for Aerospace Corporation that includes former NASA Chief + Recent Deputy SecDef
Stephanie L. O’Sullivan was elected chair of The Aerospace Corporation (Aerospace) Board of Trustees, effective June 11. Retired US Air Force General Paul J. Selva will serve as vice-chair, replacing O’Sullivan in this role. Read More>>
Center setup and expansion
Behind the scenes at Airbus Airtec testing facility in Filton
Airbus has opened the doors to its most advanced research and test facility, located in Filton, UK, and equipped with the latest machines and equipment for structural and materials testing. Read More>>
Teijin Ltd. joins Spirit AeroSystem Aerospace Innovation Centre
Teijin will work alongside Spirit and other members of the AIC to enhance its capabilities and to contribute to Spirit AeroSystem’s vision to enable innovative technologies and build a sustainable future. As one strategic focus of its medium-term management plan for 2020-2022. Read More>> |