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Partnership
GKN Aerospace & Airbus Helicopters join forces for industrial collaboration
An MoU was signed by GKN Aerospace and Airbus Helicopters to strengthen their collaboration in the Netherlands on aerospace innovation and aerostructure design. Together, they will work on engineering, design, manufacturing, and maintenance projects to give the Dutch helicopter fleet cutting-edge solutions. Read More>>
Deals
Boeing wins deal to build trainers for Navy P-8 Poseidon aircraft
For hardware and software updates for P-8 Poseidon aircraft trainers, Boeing has been awarded a US$ 145 Mn US Navy contract. The project includes a training support center and operable flying simulators. By March 2026, work should be completed primarily in St. Louis. Read More>>
BAE Systems receives a US$ 120 Mn for more armored multi-purpose vehicles
A US$ 119.6 Mn contract for 42 more Armoured Multi-Purpose Vehicles for the US Army has been awarded to BAE Systems. The M113 APCs will be replaced by the five different AMPVs. Read More>>
Mergers and Acquisitions
Heico closes its largest-ever acquisition, buys Wencor for US$ 2.05 Bn
The purchase includes US$ 150 Mn in ordinary shares and US$ 1.9 Bn in cash. Within a year, Wencor’s integration into HEI’s Flight Support Group is anticipated to produce cost-saving solutions for clients and increase revenue. Read More>>
Rheinmetall completes acquisition of Spanish defense contractor Expal Systems
Expal Systems S.A.U. has been acquired by Rheinmetall AG for € 1.2 Bn (US$ 1.3 Bn), strengthening NATO’s ability to produce artillery and ammunition. The agreement strengthens Rheinmetall’s primary business and position as a global security leader while maintaining operational continuity across numerous facilities. Read More>>
Executive Movements
Firefly Aerospace appoints Bretton Alexander as Chief Revenue Officer
Bretton Alexander will spearhead growth and client relations for launch, lunar, and on-orbit services with over 30 years of expertise from NASA, the White House, and Blue Origin. Washington, D.C. Read More>>
General Dynamics board elects Laura J. Schumacher as Lead Director
With substantial expertise as a former vice chairman, legal officer, and director of Abbvie as well as Crowdstrike Holdings, Laura J. Schumacher has been chosen as independent lead director on the board of General Dynamics. Read More>>
Layoff
Astra Space announces layoffs and workforce reallocation
Astra Space is laying off 25% of its personnel and repurposing others for the development of satellite propulsion. With financial difficulties being reported among other space businesses, the move intends to cut expenses and secure resources for prospective chances, potentially delaying the development of the Rocket 4 vehicle. Read More>>
Product Launch
ISRO undertakes a commercial launch for Singapore
Seven satellites were successfully launched by ISRO into low-Earth orbit. Without strap-on motors, the PSLV-C56 mission launched a variety of payloads, including experimental satellites from Singapore and DS-SAR for Earth observation. This is a result of ISRO’s escalating commercial activities and technological advancements in satellites. Read More>>
SpaceX’s 54th Starlink launch bolsters global internet coverage with 22 satellites
Falcon 9 was used by SpaceX to launch 22 more Starlink satellites, bringing the operational total to over 4,100. This improves accessibility to the internet worldwide and supports SpaceX’s goal of creating innovative connectivity. By launching 12,000 satellites by 2024, the program will help achieve that target. Read More>>
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