Category: Merging & Acquisition
Defence is a sensitive area where Budapest was looking for Indian investment in reviving the defence Industry, Hungarian Prime Minister Viktor Orban said at a joint press conference with visiting Vice President Hamid Ansari....
Mubadala Aerospace yesterday announced a US$1 billion (Dh3.67bn) contract to build major sections for the Boeing 777 and 787 Dreamliner airliners at its Strata Manufacturing plant in Al Ain. The announcement, which dominated yesterday’s...
After 23 funding extensions and a two-week partial shutdown of the Federal Aviation Administration in the summer, President Obama signed into law Tuesday a long-term funding bill for the nation’s aviation system. The law...
U.S. President Barack Obama will nominate Katrina McFarland to be the assistant secretary of defense for acquisition. McFarland, who is the president of Defense Acquisition University, has been performing the duties of the assistant...
A representative from the European defense industry came out strongly in favor of the European Union developing a regulatory framework for unmanned aerial systems (UASs) at a workshop on research and development into UASs...
The Pentagon‘s top weapons buyer denounced a previous U.S. Defense Department decision to start production of the Lockheed Martin F-35 Joint Strike Fighter years before the tri-service jet‘s first flight. “Putting the F-35 into...
The Pentagon is developing acquisition guidelines for the military services that show the industrial base implications of decisions made during the weapons-buying process. “What I‘d like to do … is work more closely with...
NATO Secretary General Anders Fogh Rasmussen provided no details of the arrangements in a 3 February press conference, but confirmed members “have found the way ahead on a practical funding solution” for the alliance...
The European Commission has sent the German and Dutch governments a letter warning them to take action to comply with an EU defense procurement law within two months or face potential fines. In a...
The Czech Republic is looking to sell dozens of Czech-made L-159 subsonic jet fighters to Iraq, Defence Minister Alexandr Vondra said after talks Jan. 23 with his Iraqi counterpart in Prague. “The talks are...
India has cleared a $1.2 billion deal to buy 500 air-to-air missiles from European firm MBDA as it undergoes a major programme to modernise its military, defence ministry officials said Thursday. The cabinet committee...
China’s defense budget is one of the largest in the world, second only to the US. In addition, China has a rapidly expanding presence in the international arms export market. The Chinese defense budget...
A key Pentagon official stressed the importance of a robust U.S. defense sector, but he also delivered some tough love to private firms. As their annual budgets shrink, Pentagon officials must ‘adapt’ their decisionmaking...
As the Defense Department seeks innovation made possible by smartphones and other mobile computing platforms, it’s also working to ensure DOD users of those devices employ them securely, a defense official said. “Because of...
Defense companies must find ways to work together throughout the acquisition process, particularly as the U.S. military budget shrinks, according to the U.S. chief of naval operations. “We get wrapped up a lot in...
Defence and security company Saab AB’s acquisition of the U.S. Company Sensis Corporation (Sensis), announced on 29 June 2011, is completed. The acquisition creates a stronger foundation for growth in the North American market...
Ottawa is now home to one of the newest, most state-of-the-art rescue helicopters in the province after medical transport company Ornge began transporting injured and critically ill patients in the new AgustaWestland AW139 helicopter...
Bulgarian prime minister Boyko Borisov has launched an initiative calling for the joint purchase of fighter aircraft, with regional allies Croatia, Romania and Turkey. All of the nations apart from Turkey are in the...
A new ship intended to carry a billion-dollar ballistic missile tracking radar failed its acceptance trials earlier this month and will need repairs before it can enter service, the U.S. Navy said. The Howard...
Sticker Shock Hits Washington as Pentagon Estimates Lifetime Cost of F-35s – A new Pentagon forecast showing the total cost of owning and operating a fleet of F-35 Joint Strike Fighters topping $1 trillion...