Mergers and Acquisitions
Huntington Ingalls Industries to acquire Alion Science and Technology
Alion will become part of Huntington Ingalls Industries’ Technical Solutions division. The transaction is expected to close in the second half of 2021, subject to customary closing conditions. Read More>>
L3Harris Technologies completes USD 1.45 Bn sales of its military training and combat propulsion systems businesses
The company sold its military training business to CAE and its combat propulsion systems and related businesses to RENK AG. Proceeds from the divestitures are expected to be used for share repurchases. Read More>>
Teledyne Technologies acquires Flir Systems
Flir will now be included in Teledyne’s digital imaging segment and operate under the name Teledyne Flir. Read More>>
TransDigm completes Divestiture of ScioTeq and TREALITY businesses
A leading global designer, producer, and supplier of highly engineered aircraft components completed the divestiture of its ScioTeq and TREALITY Simulation Visual Systems businesses to OpenGate Capital for USD 200 Mn. Read More>>
Product Launch
Lufthansa introduces IT solution for sustainable travel and mobility offers
The new IT solution enables companies to integrate sustainable offers for customers into their product portfolio. The platform supports achieving CO2 reduction targets and accelerating the transition to sustainable mobility. Read More>>
Garmin launches new hand-held devices enabled with ISRO NavIC
The new IT solution enables companies to integrate sustainable offers for customers into their product portfolio. The Indian Regional Navigation Satellite System (IRNSS) is recognized by the International Maritime Organisation (IMO) as a component of the World-Wide Radio Navigation System (WWRNS). Read More>>
Deals
AAC Clyde Space to build three EPIC Smallsats for Wyvern Inc.
Under the agreement, AAC Clyde Space will design, manufacture and own three 6U EPIC satellites equipped with hyperspectral payloads. At the same time, Wyvern Inc. commits to subscribe to the data service for four years. Read More>>
Airbus selects Eutelsat 36D satellite to carry UHF payload
Built by Airbus Defence and Space, the all-electric Eutelsat 36D will assure all the main legacy missions of Eutelsat 36B, with enhancements to coverage areas and performance. The satellite is due for launch in the first half of 2024. Read More>>
Bombardier announces its largest business jet order of the year
Bombardier’s jets allows customers and operators to meet their evolving business and travel needs efficiently. As passengers increasingly look to private aviation for convenient and worry-free travel, Bombardier’s family of business jets offers a compelling array of choices. Read More>>
Govt. of Sri Lanka signs USD 49 Mn jet upgrade deal with Israel Aerospace Industries
The deal includes replacing the aircraft’s basic avionics with the advanced 4+ generation fighter aircraft avionics to one day integrate advanced radar, sensors, communication systems, and new helmets. Read More>>
Maxar (MAXR) signs USD 35 Mn deal to offer WorldView Legion access
Per the agreement, the prime customer will have first-hand access to Maxar’s avant-garde WorldView Legion satellite constellation. It can also leverage the company’s 3D data suite to improve situational awareness for the unnamed customer’s crucial government missions as part of the alliance. Read More>>
NASA selects Moog to power and control VIPER lunar rover
VIPER will rely on Moog’s radiation-hardened avionics technology to control the rover during its 100-day mission. The Integrated Avionics Unit (IAU) and Spacecraft Energization and Power Interfacing Assembly (SEPIA) will be the main computer and power management source for VIPER. Read More>>
Partnership
GE Digital joins with Airbus and Delta TechOps in digital alliance for fleet health monitoring and diagnostics
With GE Digital’s added analytics capabilities and systems portfolio covering Airbus and non-Airbus OEM aircraft, airlines will benefit from cross-fleet health monitoring and diagnostics, reliability analysis, and predictive maintenance analytics. Read More>>
Lufthansa Technik Middle East and Joramco sign memorandum of understanding
The agreement will allow Joramco to enhance its in-house capabilities with the help of LTME and allow LTME to relocate a number of its spares to the Joramco facility for consignment stock and repair capability. Read More>>
Nano Dimension and Hensoldt AG announce a JV to advance, prototype, and Share 3D-electronic printing designs
HENSOLDT and Nano Dimension have been working together to expand the capabilities of AME 3D Hi-PEDs®. By formalizing their cooperation and co-investing approximately USD 6 Mn in the new joint venture entity, JAMES, HENSOLDT is strengthening its commitment to developing the most advanced technology in 3D printing. Read More>>
Executive Movement
Kaman announces CFO transition
The company announced the appointment of James Coogan as Sr VP and CFO. Mr. Coogan, who served as the VP, Investor Relations and Corporate Development of Kaman, will succeed Robert Starr. Read More>>
Christopher Kubasik assumes the role as L3Harris CEO, William Brown transitions to executive chair
Brown, a previous Wash100 awardee, became chair and CEO of L3Harris in June 2019 after the merger’s completion. He transitioned to a new role as executive chair of the board, and Kubasik will continue to serve as vice-chair in addition to his duties as CEO. Read More>>
Boeing appoints Brian West as CFO
West will lead all aspects of Boeing’s financial strategy, performance, reporting, and long-range business planning, as well as investor relations, treasury, controller, and audit operations. Read More>>
Defense firm Qinetiq appoints new CFO
Carol Borg, currently CFO of solar energy company Lightsource. Over a career spanning almost three decades, Borg has held several senior roles, including finance chief of wind turbine group Vestas’ southern Europe, MENA, and Latin America operations. Read More>> |