In a move that has altered the commercial aircraft OEM landscape, Airbus has announced a tie-up with Bombardier. As a counter, Boeing is moving to join with Embraer. A teaming between Boeing and Embraer will allow the two firms to better compete against the CSeries, which has been the focus of several trade disputes in both Brazil and the U.S. Continue reading →
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 →
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 →
Boeing and Embraer have confirmed that the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion. While an outright acquisition is unlikely due to Brazilian government fears of outright foreign ownership, some form of joint venture is likely. Continue reading →
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 →
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.”
Finally, after years of discussion, Krauss-Maffei Wegmann and Nexter have merged. The newly merged firm is now based in Amsterdam, with each partner holding a 50 percent stake in the umbrella company, KANT (KMW And Nexter Together). KANT is co-owned by the French government through Giat Industries and Germany’s Wegmann Group, which is controlled by the Bode family. Continue reading →
It was a long time coming, but the Holy Grail of defense industry consolidation between France and Germany is about to be realized. As budget austerity grips Europe, Krauss-Maffei Wegmann and Nexter have finally – after years of on-again, off-again discussion – signed an agreement on a merger plan. Continue reading →
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.