Forecast International is pleased to announce the launch of a newly enhanced U.S. Defense Budget Forecast database, now featuring the ability to track major program spending and identify winners and losers within every Pentagon budget request. FI’s budget database provides quick access to DoD request and forecast budget data, justification documents, congressional markups, and more. The Pentagon’s massive weapons spending plan can be sorted by value, with options for filtering programs by appropriation title (R1/P1), service, and appropriation account. Continue reading
With commercial aviation production continuing apace, Rockwell Collins decided it wanted a bigger slice of the pie and expanded its operations with the $8.3 billion purchase of cabin interiors specialist B/E Aerospace. As a result, Rockwell is now an $8 billion company, employing some 30,000 people and commanding a diverse content base on a variety of commercial and business aircraft. Continue reading
Safran has announced that it will acquire seats manufacturer Zodiac Aerospace for approximately EUR8.5 billion ($9.1 billion).
The new entity will combine Safran’s capabilities in landing gear, wheels and brakes, nacelles, power systems, actuation systems and avionics with Zodiac Aerospace’s positions in seats; cabin interiors; power distribution; lighting; fuel, oxygen and fluid systems; and safety equipment. Zodiac Aerospace’s electrical systems assets will reinforce Safran’s portfolio of technologies and position the group ideally for future developments toward the “more electrical aircraft.”
With commercial aviation production booming, GKN has successfully positioned itself to capture a significant share of this market. As a top Tier 1 aerospace supplier, most notably to Airbus, GKN has strengthened its operations with three key acquisitions in the past few years. Continue reading
With sanctions on Iran coming to a close thanks to the agreement between Tehran and the “P5+1” countries, international businesses are lining up to enter the Iranian market. President Hassan Rouhani’s recent visit to Europe – where he reached a number of high-profile agreements, including an order for 118 Airbus jetliners[i] – has been the subject of much fanfare, but Tehran is also seeking to build up its military capabilities. Continue reading
As it deals with a global defense downturn and the possible return of sequestration in the U.S., Lockheed Martin has decided to double down on this core market. With the acquisition of Sikorsky and the planned divestment of its services operations, the company has made it clear that it will focus on what it does best, defense contracting.
By Bill Ostrove, Space Systems Analyst, Forecast International.
The Wall Street Journal reports that Aerojet Rocketdyne is discussing an acquisition of United Launch Alliance (ULA) with owners Boeing and Lockheed Martin.[i] So far, company officials are not discussing the matter publicly, but a number of news outlets are reporting various details regarding the matter.[ii] Continue reading
GKN has agreed to acquire Fokker Technologies Group for EUR706 million ($780 million) from the London-based private equity firm Arle Capital Partners. The blockbuster deal would bring together two of the world’s leading aerospace technology companies. Both GKN and Fokker are major Tier 1 suppliers to platform manufacturers in the military, commercial, and business aviation sectors of the global aerospace industry. The deal includes a EUR500 million cash consideration as well as the assumption of liabilities amounting to EUR206 million. Continue reading
AT&T Inc has completed its $49 billion acquisition of direct-to-home (DTH) satellite television provider DirecTV. DirecTV will be folded into AT&T’s Entertainment & Internet Services division, which also includes AT&T’s terrestrial TV and broadband Internet services.
The combined company will be the largest pay TV provider in the world when measured by subscribers. The company provides services to more than 26 million customers in the U.S. and more than 19 million customers in Latin America. Additionally, AT&T has more than 132 million wireless subscribers and connections in the U.S. and Mexico; offers 4G LTE mobile coverage to nearly 310 million people in the U.S.; covers 57 million U.S. customer locations with high-speed Internet; and has nearly 16 million subscribers to its high-speed Internet service. Continue reading
by Richard Pettibone, Forecast International.
The acquisition of Exelis by Harris is one for the record books. While not as dramatic as merger deals in the last big downturn, which saw, for example, the creation of Lockheed Martin and Northrop Grumman, the $4.75 billion transaction will instantly create one of the largest aerospace and defense firms outside of the industry primes.The combined company, with some estimated $4.6 billion in federal sales, may just crack the top 10 list of federal contractors as well.