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Tag Archives: Airbus Group

CAE Books $139M Defense Contracts for Aircraft Training Products & Services; Gene Colabatistto Comments

CAE has secured more than $138.5 million in contracts during the first quarter of its 2018 fiscal year to provide aircraft simulation products, training services and in-service support to U.S. and international defense customers. Montreal-based CAE said Tuesday it received contracts from Lockheed Martin (NYSE: LMT), L3 Technologies‘ (NYSE: LLL) MAS subsidiary and Airbus Group‘s …

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KKR Completes $1.2B Buy of Airbus Defense Electronics Business

Global investment firm Kohlberg Kravis Roberts & Co. (NYSE: KKR) has concluded its approximately $1.2 billion purchase of the defense electronics business of Airbus Group. France-based Airbus first announced the transaction in March 2016 as part of the company’s defense and space portfolio reorganization. Airbus said Tuesday it will maintain a 25.1 percent minority …

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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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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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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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Airbus Names Paul Eremenko CTO, Andy Anderson Corporate Tech Office COO

Paul Eremenko, CEO of Airbus Group’s A3 innovation center, will take over as chief technology officer of the aerospace and defense contractor on July 1. Airbus said Tuesday Eremenko will continue to lead A3 in San Jose, California, until the company finds a successor. Andy Anderson, acting Airbus CTO, will …

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KKR to Purchase Airbus’ Defense Electronics Business for $1.24B

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 that it may control a …

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Nicolas Chamussy Appointed Airbus Space Leader; Tom Enders Comments

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 …

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Bloomberg: Investment Firms Bid on Airbus’ Defense Electronics Business

Airbus Group has received initial acquisition bids for its defense sensor and border security technology assets from private equity companies Blackstone, Carlyle Group and KKR & Co., Bloomberg reported Tuesday. Military technology firms Thales and Rheinmetall are also interested in acquiring the portfolio that generated approximately $1.2 billion in revenue during Airbus’ …

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