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...
PsiQuantum has appointed Victor Peng, former president of Advanced Micro Devices, as interim CEO to lead the company’s shift toward large-scale deployment of its utility-scale quantum systems while a search for a permanent CEO is underway. Peng will succeed co-founder Jeremy O’Brien, who will transition to executive chairman to lead the ...
CesiumAstro has secured $470 million in Series C growth funding to accelerate U.S. expansion and scale production of its space and defense communications platforms. How Will CesiumAstro Use the Series C Fund? CesiumAstro said Monday the new funding will support growth initiatives planned for 2026, including expanded manufacturing capacity; faster de...
Autonomous underwater vehicle provider Vatn Systems has acquired Crewless Marine, a move that brings advanced acoustic sensing and signal processing capabilities in-house as Vatn scales AUV production to meet growing demand from U.S. and allied naval forces. Vatn said Wednesday that the deal brings Crewless Marine’s expertise in torpedo acoust...
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...
