Search Results for: airbus

Orbital ATK Extends Airbus Parts Contract to Include A350-1000 Variant

TYSONS CORNER, VA July 24, 2015 — Airbus has chosen to extend Orbital ATK’s (NYSE: OA) contract as the maker of composite frames and stringers for the Airbus A350 program, ExecutiveBiz reported Thursday. The new work includes components for the 1000 variant of the aircraft and opens up jobs at …

Read More »

South Korea Selects Airbus Tanker Jet for Military Aircraft Refueling

South Korea has ordered four aerial refueling tanker jets from Europe-based aircraft manufacturer Airbus, adding to the company’s portfolio of international customers, the Wall Street Journal reported Tuesday. Jeyup Kwaak and Robert Wall write that other buyers of Airbus’ A330 MRTT or multirole tanker transport include Australia, Saudi Arabia, Singapore, the U.K. …

Read More »

Airbus Gets $221M Modification on Army Utility Helicopters Contract

An Airbus Group subsidiary has received a $220, 564, 993 contract modification to build 41 Lakota light utility helicopters for the U.S. Army. The Defense Department said Thursday that Airbus Defense and Space will produce UH-72A helicopters equipped with airborne radio communication systems. Production will occur in Columbus, Mississippi, and …

Read More »

Report: Airbus Seeks Majority Stake of MBDA

Airbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday. Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times. Analysts estimate Finmeccanica’s MBDA …

Read More »

Airbus Inks Share Buyback Deal with Patrial; Marwan Lahoud Comments

Airbus Group has inked a share buyback agreement to sell all of its stake in the Finnish company Patria. Marwan Lahoud, chief strategy and marketing officer of Airbus Group, said Tuesday the sale of Airbus’ stake in Patria concludes the company’s portfolio review that began in early 2014 to set up its defense …

Read More »

Airbus Sells Back $987M in Dassault Aviation Shares; Marwan Lahoud Comments

Dassault Aviation has repurchased 810, 072 of its own shares from Airbus Group for approximately $987 million or $1, 221 per share through a block trade. The transaction would reduce Airbus’ ownership stake in Dassault from 46 percent to 42 percent, Airbus said Friday. Marwan Lahoud, marketing and chief strategy …

Read More »

Airbus to Help Air Force Operate Satellite Imagery Ground Stations

Airbus‘ defense and space segment will help the U.S. Air Force with system evolution and maintenance support on the service’s five Eagle Vision ground stations through 2019 under a new five-year contract. Airbus said Tuesday the contract includes 24/7 support, spares management, failure corrections, preventive maintenance and staff training services as well as satellite integration, …

Read More »

Joe Rambala: Exelis-Airbus Team to Combine Tech for F-16 Missile Warning Functions

Exelis (NYSE: XLS) will combine its electronic warfare system technology with Airbus Group‘s AAR-60(V)2 Missile Launch Detection System for Fighters under a teaming agreement to deliver missile warning functions to the F-16 Fighting Falcon. Joe Rambala,  vice president and general manager of Exelis’ integrated electronic warfare systems business, said Monday the combined offering is available both domestically and …

Read More »

Tom Enders: Airbus Explores Strategic Options for Defense, Security Tech Portfolio

Tom Enders, CEO of Airbus Group, has said the company is in talks with several interested parties for its defense electronics and border security technology assets, Reuters reported Thursday. “The decision is that clearly this is not a core business for us and we have started to discuss with possibly …

Read More »

Bernhard Gerwert: Airbus to Downsize Defense, Space Division

Airbus Group will sell some of the subsidiaries and business units within its defense and space division after what the aerospace and defense conglomerate called a “detailed and comprehensive portfolio assessment.” Airbus Group said Tuesday that it identified its commercial and para-public communication business as among the candidates for divestment and said it also …

Read More »