Canada’s CAE on Wednesday said it has agreed to acquire portions of Textron’s [TXT] TRU Simulation + Training subsidiary for $40 million in cash in a deal that expands its customer base for installed commercial flight simulators and the market for simulator life-cycle support services. Textron&# ...
International
TransDigm Group Inc. [TDG] on Tuesday said it has agreed to acquire Cobham Aero Connectivity (CAC) for $965 million in cash, giving it a range of proprietary antenna and radio products for the aerospace market. CAC is part of Britain’s Cobham, which is owned by the private equity firm Advent ...
The Libyan National Army (LNA) held aerial dominance last year in its effort to topple the internationally-recognized Government of National Accord (GNA), in part due to the LNA’s use of vintage Russian MiG-21/23 fighters and Mi-24/35 attack helicopters supplied to former Libyan strongman ...
The U.K. has announced plans to boost defense spending by $32 billion over the next four years, an increase of $21.9 billion more than the British government had previously pledged to invest in its military. Prime Minister Boris Johnson detailed the increase to Parliament on Thursday, which ...
Five nations have signed a letter of intent for the North Atlantic Treaty Organization’s (NATO) Next Generation Rotorcraft Capability (NGRC) project, according to a Nov. 19 press release. France, Germany, Greece, Italy, and the United Kingdom will use the NGRC project to replace aging helicopters ...
The Army said Friday it has activated two air defense artillery batteries at Fort Bliss in Texas that will evaluate the new Iron Dome system from Israel for potential integration into the service’s air and missile defense architecture. The new units are tasked with training on Iron Dome over the ...