Search Results for: airbus

Defense News: Airbus Wins Potential $2.3B Search & Rescue Aircraft Replacement Contract With Canada

Canada has selected Airbus-built C-295 to serve as the next fixed-wing search-and-rescue aircraft and replace the country’s fleet of aging C-130s and Buffalo planes under a potential $2.3 billion contract, Defense News reported Wednesday. David Pugliese writes Harjit Sajjan, Canada’s defense minister,  and Judy Foote, the country’s procurement officer, are set to …

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CAE Receives Airbus Order for 2 Additional C295 Flight Simulators; Gene Colabatistto Comments

TYSONS CORNER, VA, Nov. 9, 2016 — CAE (NYSE: CAE) has received an order from Airbus‘ defense and space business for two additional flight simulators for the C295 aircraft as part of a memorandum of understanding,  ExecutiveBiz reported Tuesday. Airbus said Monday one of the simulators will be assigned to its international …

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Airbus Names Francois Auque, Thomas d’Halluin as Venture Investment Chiefs for Europe, US

Francois Auque, formerly CEO of Airbus Group’s defense and space business in France and executive vice president of space systems, has been named head of the aerospace company’s venture investment activities in Europe. Airbus also appointed Thomas d’Halluin, formerly chief operating officer of Airbus Ventures, to lead the firm’s venture …

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Orbital ATK, Airbus to Build Eutelsat Satellite to Serve Europe, North Africa

TYSONS CORNER, VA, Oct. 12, 2016 — Orbital ATK (NYSE: OA) and Airbus will build a new satellite for Eutelsat Communications that will eventually serve European and North African video markets, ExecutiveBiz reported Tuesday. Eutelsat said Tuesday Orbital ATK will produce the platform for the future EUTELSAT 5 West B satellite while Airbus’ …

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Rodin Lyasoff Promoted to CEO at Airbus’ A3 Innovation Outpost

Rodin Lyasoff, a former project executive at Airbus Group‘s A3 advanced projects and partnerships outpost in Silicon Valley, has been promoted to lead A3 as chief executive. He succeeds Paul Eremenko, who was appointed as the aerospace and defense contractor’s  chief technology officer,  Airbus said Tuesday. Lyasoff has supported the development of …

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Hughes Expands Tactical Comms Partnership With Airbus Defense & Space; Rick Lober Comments

TYSONS CORNER, VA, Sept. 15, 2016 — Hughes Network Systems and Airbus‘ defense and space segment have expanded their partnership to offer the HM System satellite networking technology and Skynet satellite communications service in the defense market, ExecutiveBiz said Wednesday. The companies aim to help global military customers address tactical satcom requirements with …

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Defense News: Kuwait Issues $1B Order of Airbus Military Transport Helicopters

Kuwait has signed a $1.1 billion deal with Airbus Group to acquire 30 Airbus-built H225M Caracal military transport helicopters, Defense News reported Tuesday. Pierre Tran writes Kuwait’s defense minister Khaled Al Jarrah Al Sabah signed the contract in the presence of his French counterpart Jean-Yves Le Drian as part of an existing defense agreement between the two countries. “This …

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Airbus, Safran Merge Space Launch Operations in Joint Venture

Airbus Group and Safran have completed the merger of their space launch operations through a joint venture in an effort to support commercial sector clients in Europe. Safran will pay approximately $835 million to Airbus in order to acquire a 50-percent stake in Airbus Safran Launchers joint venture, Airbus said …

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Bloomberg: Veritas Capital in Lead to Buy Airbus Maintenance, Repair Business

New York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday. Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the investment firm acquired in July 2015 for $2.1 billion. Airbus could …

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Reports: Airbus to Shed 23.6% Dassault Aviation Stake

Global aerospace and defense contractor Airbus Group will sell its 23.6 percent stake in Dassault Aviation and use money from the stock sales for “general corporate purposes, ” the Wall Street Journal reported Thursday. Robert Wall writes Airbus aims to shed 9.05 percent of its total ownership in Dassault through an accelerated bookbuild process and sell another 5.5 …

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