Airbus‘ defense and space business has received an estimated $127 million contract to provide commercial satellite communication services to the German armed forces through 2023. The German armed forces will use C- and Ku-band transponders for voice and data applications in Germany, between main overseas bases and for Navy vessels, Airbus said...
TYSONS CORNER, VA, May 25, 2016 ” Airbus will deploy its Vesta 9-1-1 call handling platform across Fairfax County in Virginia to support the region’s Next Generation 9-1-1 program with General Dynamics (NYSE: GD), ExecutiveBiz reported Tuesday. Vesta 9-1-1 will be part of the county’s future emergency commun...
TYSONS CORNER, VA, April 12, 2016 ” Siemens has partnered with Airbus on the development of a hybrid electric propulsion system for passenger aircraft that could drive efforts to reduce noise and fuel consumption, ExecutiveBiz reported Monday. Airbus said Thursday a joint team of 200 employees will work on the project in pre...
New York City-based private equity firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) has agreed to acquire the defense electronics business of global aerospace and defense contractor Airbus Group for approximately $1.24 billion. Airbus said Friday the transaction is scheduled to close in the first quarter of 2017 and t...
Nicolas Chamussy, chief of staff to Airbus Group CEO Tom Enders, will take over the role as executive vice president of the global defense contractor’s space systems unit on July 1. Airbus said Friday Chamussy will succeed Francois Auque, who will leave the company after 16 years and will remain as an adviser through July 1. He...
The Federal Trade Commission has proposed that Boeing divest Spirit AeroSystems assets to resolve antitrust concerns over the companies’ planned merger. The agency said Wednesday that Boeing will have to sell Spirit businesses that supply aerostructures to Airbus. Spirit’s aerostructures business in Subang, Malaysia, which provides criti...
Arcline Investment Management has entered into a definitive agreement to acquire Novaria Group, a Texas-based provider of engineered components and specialty processes for the aerospace and defense industries, in an all-cash transaction valued at approximately $2.2 billion. Founded in 2011, Novaria has formed a family of suppliers for commercial and...
Voyager Technologies has filed with the Securities and Exchange Commission a registration statement for its proposed initial public offering. In a preliminary prospectus filed on Friday, the space and defense company has yet to disclose the number of shares to be offered and the price range for the IPO. In January, Voyager submitted to the...
Eutelsat America Corp. and OneWeb Technologies, or EACOWT, has appointed Joe Uglialoro as chief operating officer and Chris Hetmanski as chief technology officer, effective immediately. The Eutelsat Group subsidiary said Wednesday Uglialoro will remain as general counsel while taking on his new role as COO. Hetmanski was promoted to C...
The GovCon Index registered four daily losses in five trading sessions for two straight weeks. On Friday, the index, which tracks the stock performances of 30 major government contractors, fell -1.64% to $4,576.02. This represents four consecutive weekly losses since the last two weeks of January. Defense stocks have taken a hit because of policy...
