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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 in...
United Technologies Corp. (NYSE: UTX) will leave the helicopter manufacturing business through a separation of its Sikorsky Aircraft business in a move UTC expects to complete by the end of its third quarter. “Over the coming weeks, we’ll determine whether a spinoff or direct sale is the be...
United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. Boeing (NYS...
Poland has decided to award Raytheon (NYSE: RTN) a contract to build a midrange missile defense system for the Polish military, Reuters reported Tuesday. Marcin Goettig cites a report from Gazeta Wyborcza newspaper that says Polish government and defense leaders are scheduled to hold a press conference Tuesday to discuss Pola...
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 estim...
CAE Inc. (NYSE: CAE) has booked more than $99 million during its fiscal year 2015 third quarter to provide simulation training, upgrades, professional and support services to clients in Europe and in New Zealand. Airbus awarded CAE a contract to build a C295 full-flight simulator for the Polish Air For...
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 ...
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,...
A Boeing-led (NYSE: BA) consortium has been awarded a $524 million contract to provide combat helicopter training to air crews of Australian army and navy over the next 25 years. Boeing partnered with Thales, Airbus and Turbomeca for the Australian military’s JP 9000 Phase 7-Helicopter Aircrew Training System program, Boeing said Monday. Kim G...
CAE (NYSE: CAE) has won $103.8 million in contracts from three branches of the U.S. and Canadian armed forces to provide training systems and other related services. The company said Tuesday the contracts include aircrew training work for the U.S. Air Force, design and manufacture of a flight training device for the U.S. Army and a...
