Yahsat to Acquire Thuraya, Making Satellite Investment More Likely

by Bill Ostrove, Space Systems Analyst, Forecast International.

Yahsat Ground Station or Teleport. Source – Yahsat

 

Yahsat has entered into an agreement to acquire a majority stake in Thuraya. Both companies are based in the United Arab Emirates. Yahsat primarily provides fixed satellite services (FSS), while Thuraya chiefly provides mobile satellite services (MSS). Continue reading

Honeywell Aerospace May Be On an Acquisition Hunt

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Thanks to nimble management, Honeywell has maintained a well-diversified portfolio that enables it to mitigate risks, and it has not shied away from refining its operations, acquiring some businesses and divesting others. Continue reading

General Dynamics Expands IT Offerings with $9.6 billion CSRA Buy

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

In a move aimed at gaining even more critical mass in its information technology services, General Dynamics has agreed to acquire CSRA in a deal valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt.  Continue reading

Qatar Airways Acquires Stake in Cathay Pacific

By Ray Jaworowski, Senior Aerospace Analyst, Forecast International.

Qatar Airways has acquired a 9.6 percent stake in Hong Kong-based Cathay Pacific Airways for $661 million.  Both carriers are members of the oneworld global airline alliance.  Qatar Airways acquired the stake from Kingboard Chemical Holdings, a Hong Kong investment firm. Continue reading

Pentagon Faces Yet Another Continuing Resolution

by Shaun McDougall, Military Markets AnalystForecast International.

The Joint Light Tactical Vehicle is among the programs impacted by a continuing resolution. Source: U.S. Army

President Trump and congressional leaders reached an agreement that will keep the U.S. government operating at FY17 funding levels through mid-December. The continuing resolution (CR), part of a broader legislative package that also included a three-month increase to the debt ceiling and nearly $8 billion in hurricane relief funding, was signed into law on September 8.  Republicans had been pushing for a longer extension  to the debt ceiling, but the agreement sets up critical votes on both the budget and the debt ceiling in December. Continue reading

U.S. Approves Canadian Super Hornet Deal that May Never Happen

by Shaun McDougall, Military Markets AnalystForecast International.

A U.S. F-18 Refuels from a KC-10 Tanker
Source: U.S. Air Force

The U.S. State Department has approved the sale of 18 F/A-18E/F Super Hornets and associated equipment to Canada as part of a potential deal worth $5.23 billion, according to a September 12 announcement from the U.S. Defense Security Cooperation Agency (DSCA).  The announcement outlines the potential sale of 10 F/A-18Es, eight F/A-18Fs, eight F414-GE-400 engine spares, APG-79 radars, 100 AIM-9X-2 Sidewinder Block II missiles, 30 AIM-9X-2 Sidewinder Block II Captive Air Training Missiles, and eight AIM-9X-2 Sidewinder Block II Special Air Training Missiles, as well as additional avionics and electronics.  Continue reading

Northrop Grumman Acquisition of Orbital ATK Strengthens Diverse Space Offerings

by Bill Ostrove, Space Systems Analyst, and Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Antares launch. Source: NASA/Bill Ingalls

Behind all the sound and fury surrounding the recent UTC/Rockwell deal, Northrop Grumman quietly moved in earlier this week and scooped up rocket and missile maker Orbital ATK in a deal valued at $9.2 billion.  Under the agreement Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions, including regulatory and Orbital ATK shareholder approval. Continue reading

It’s Official, UTC Buying Rockwell Collins in $30 Billion Deal

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

 

After a summer of speculation, United Technologies Corp (UTC) and Rockwell Collins announced that they have reached a definitive agreement under which UTC will acquire Rockwell Collins in a cash and stock transaction valued at $30 billion. Continue reading

UTC Aerospace Systems Even More Formidable With Rockwell Collins

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Rockwell Collins MFD-268C4 Displays in a UH-60M helicopter

While new aircraft orders have slowed lately, the production of commercial aircraft is exceptionally vibrant.  Airbus and Boeing are maintaining tremendous backlogs, and both manufacturers are ramping up production of their new fuel-efficient aircraft designs.  This robust market is one that UTC Aerospace Systems is especially well positioned to capture.  The combined entity offers a vast amount of product content – one-stop shopping – for commercial aircraft primes.  The combination should also offer economies of scale, making product costs lower and even more attractive. Continue reading

Forecast International Launches Improved U.S. Defense Budget Database

by Shaun McDougall, Military Markets AnalystForecast International.

Source: Forecast International’s U.S. Defense Budget Forecast

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