Hello, Guest!
  • Saturday, April 20, 2024

Safran Closes Orolia Acquisition in PNT Tech Market Push

Safran Group has completed its purchase of positioning, navigation and timing specialist Orolia from investment firm Eurazeo.

Orolia, which generates $101 million in estimated annual revenue and employs approximately 435 people, will operate under its new parent organization’s electronics and defense segment, Safran said Friday.

Eurazeo reported cash proceeds of $191 million from the sale.

France-based Safran first announced the deal in December 2021, saying the acquisition will position itself to offer a full portfolio of PNT, inertial and satellite navigation and time referencing products.

Video of the Day

Related Articles

SpaceLink, KSAT to Study Space Communications, Navigation Services Under NASA Contracts Contract Awards

SpaceLink, KSAT to Study Space Communications, Navigation Services Under NASA Contracts

NASA has awarded contracts to SpaceLink and the U.S. arm of Kongsberg Satellite Services to conduct studies aimed at exploring industry capabilities to provide commercial direct-to-Earth and lunar space relay communications and navigation services in support of Artemis lunar exploration missions. The space agency said Wednesday it awarded SpaceLink a $189,881 contract and KSAT a

Navy Releases $180M Sailor Training System Solicitation C4ISR

Navy Releases $180M Sailor Training System Solicitation

The U.S. Navy’s Naval Air Warfare Center Training Systems Division has begun soliciting bids for a potential $179.6 million contract to procure systems designed to help sailors practice navigation, seamanship and shiphandling skills. The NSS procurement recompete will encompass new NSS training systems, modifications to existing platforms, complementary instructional system design, complementary training systems support

Honeywell Gets $3.5B Air Force Embedded Navigation Tech Production, Sustainment IDIQ Contract Awards

Honeywell Gets $3.5B Air Force Embedded Navigation Tech Production, Sustainment IDIQ

Honeywell (NYSE: HON) has received a potential 15-year, $3.5B contract to produce and sustain embedded navigation systems for the U.S. Air Force and foreign military sales clients.