International
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Business/FinancialSikorsky, PZL Mielec, Sign Agreement With Poland’s Principal MRO Company
Sikorsky Aerospace Services (SAS) [UTX] and PZL Miele, which produce S-70i™ Black Hawk helicopters in Poland, said they signed a Letter of Intent with Poland’s principal maintenance, repair and overhaul […]
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Business/Financial
Navistar Issues Statement Refuting Carl Icahn’s Concerns
Navistar International Corp. [NAV] yesterday responded with “disappointment” to an open letter issued Sept. 9 by activist stockholder Carl Icahn that called the company “a poster child for abysmal business […]
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Business/Financial
Northrop Grumman Unit Executes Teaming Agreement With Brazilian Firm
Northrop Grumman [NOC] yesterday said it has executed a teaming agreement with Flight Technologies Sistemas S/A to develop national security technologies for Brazil. Northrop Grumman’s Overseas Service Corporation and Flight […]
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ArmyBoeing Expecting First PBL Contract For Chinook Rotor Blades
MILLVILLE, N.J.–In a tight budget environment, keeping the Army’s Ch-47F Chinook heavy lift helicopter ready and flying leads to new types of contracts and innovative thinking, according to an executive […]
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Business/Financial
EADS Completes Appointments To Executive Committee
The European Aeronautic Defence and Space Co. (EADS) yesterday announced the members of its new Group Executive Committee that was created in May and will focus on the company’s strategic […]
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InternationalRheinmetall Defense Makes Strategic Acquisition of U.K.’s EM Digital
Rheinmetall Defense aims to expand its global naval presence with the takeover of the stabilized weapon platform activities of Britain’s EM Digital making it a significant strategic acquisition. The acquisition […]
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International
Patria, Rotis Plus, Sign Settlement Agreement With Slovenian Government
Finland’s Patria yesterday said it signed a settlement agreement with the Slovenian Ministry of Defense (MoD) and local prime contractor, Rotis Plus, to reduce the overall number of Armored Modular […]
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Business/Financial
Israel MoD Awards Honeywell Joint Venture $735 Million Engine Contract
International Turbine Engine Company LLC, a joint venture between Honeywell [HON] and Taiwan’s Aerospace Industrial Development Corp., has received a $735 million contract from the Israel Ministry of Defense to […]
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Business/Financial
Northrop Grumman Begins Offering Low Cost Special Mission Aircraft
Seeking to meet the needs of ever more budget conscious government customers, Northrop Grumman [NOC] last week introduced and began demonstrating a relatively low cost special mission aircraft that can […]
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Army
Boeing Rotorcraft Support Business Growing ‘Exponentially,’ Official Says
Millville, N.J.–The current budget environment coupled with conflict winding down in Iraq and Afghanistan means platforms–U.S. and internationally–are expected to stay in service longer, which is something fueling more service […]