International
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Business/Financial
Maxar To Sell MDA To Private Equity Firm For $765 Million
Earth imagery and space technology company Maxar Technologies [MAXR] last week said it has agreed to sell its Canadian-based MDA to a consortium of financial sponsors led by Northern Private […]
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Business/Financial
Avon Rubber Completes Acquisition Of 3M’s Ballistic Protection Business
Britain’s Avon Rubber plc on Thursday said it has completed its $91 million acquisition of 3M’s [MMM] advanced ballistic protection business, including the Ceradyne brand, positioning it in the U.S. […]
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International
Lockheed Wins $1.96 Billion Saudi MMSC DD&C Contract
Lockheed Martin [LMT] won a $1.96 billion modification for the detail design and construction (DD&C) of four Multi Mission Surface Combatant (MMSC) ships for Saudi Arabia. The MMSC is based […]
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International
Embraer and Brazilian Air Force to Study Joint Development of Hybrid-Electric Military Aircraft
Embraer and the Brazilian Air Force (BAF) signed an MoU to study the potential development of a hybrid-electric military aircraft for light transport applications. After receiving the first Embraer KC-390 […]
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International
State Department Approves $78 Million Deal With Argentina For P-3C Aircraft
The State Department has approved a potential $78 million deal with Argentina for four Lockheed Martin’s [LMT] P-3C maritime surveillance aircraft. The Defense Security Cooperation Agency on Thursday notified Congress […]
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Army
Oshkosh Receives $804 Million JLTV Order, Includes 30 Vehicles To Montenegro
Oshkosh Defense [OSK] on Tuesday evening received an $804 million order to deliver Joint Light Tactical Vehicles (JLTV) for the Army, Marine Corps, Air Force, Navy, as well as the […]
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Business/Financial
Arsenault To Take Top Job At BAE’s U.S.-Based Company Next Year
BAE Systems, Inc. on Tuesday said that CEO Jerry DeMuro will step aside next April 1 and be succeeded by Tom Arsenault, the current president and chief operating officer (COO) […]
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International
Pentagon Agrees To Sell 12 Helicopters To Czech Republic For $640 Million
The Pentagon has agreed to a $640 million deal with the Czech Republic to sell 12 U.S-made helicopters to the country, according to a press pool report. Defense Secretary Mark […]
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Army
Army To Test Rheinmetall’s StrikeShield Active Protection System In 2020
Germany’s Rheinmetall said Tuesday the Army will test its StrikeShield active protection system beginning next October, as the service continues its search for anti-missile protection capabilities for its vehicle fleet. […]
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International
Global Defense Spending Expected To Continue Rising Through 2023, Deloitte Says
Global defense spending is expected to increase between 3 and 4 percent in 2020 and about 3 percent annually between 2019 and 2023, according to a new report from the […]