Chris Celtruda: Merex Group Looks to Expand Aircraft Services, Client Reach with Kellstrom Buy

acquisition
The Merex Group has made a move to expand its legacy aircraft services and make them available to a wider customer base with its acquisition of Kellstrom Defense Aerospace for an undisclosed sum. The two companies expect their combined businesses will generate more than $150 million in total sales for calendar year 2014, Merex said Wednesday. Merex will gain access to Kellstrom Defense’s maintenance...

BAE, Northrop Form Partnership to Compete for Air Force Training Award

Larry Prior, BAE Systems BAE Systems and Northrop Grumman (NYSE: NOC) have formed an exclusive strategic partnership to compete to replace the T-38 trainer in the U.S. Air Force’s “T-X” program. The companies plan to offer BAE’s Hawk advanced jet training system, which integrates live and synthetic air- and ground-based elements to train pilots for 5th generation fighters such as the F-35...