Tag Archives: airbus

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 …

Rockwell Collins (NYSE: COL) has named Talel Kamel as managing director of the avionics manufacturer’s operations in the Middle East, Turkey and North Africa and appointed Bernard Bouillaud as sales director for the same regions. The company said Sunday it made the two leadership appointments as part of efforts to expand regional presence and help strengthen …

Airbus‘ defense and space business has been awarded a potential $212 million contract by  the European Space Agency to produce a second service module for the Orion spacecraft that Lockheed Martin currently builds for NASA. Airbus said Thursday the second European service module will be built to provide propulsion, power and thermal control as well as water …

TYSONS CORNER, VA, Jan. 19, 2017 — CAE (NYSE: CAE) has landed contracts worth a total of $134.1 million from international military customers for new simulation technologies, simulator updates and training support services, ExecutiveBiz reported Tuesday. The company said Tuesday it closed a deal with Airbus‘ defense and space business unit for …

Dirk Hoke, CEO of Airbus‘ defense and space segment,  has said he expects to see changes to military spending in Europe next year and anticipates “intensive” discussions among European countries about the future of NATO, Reuters reported Tuesday. “This discussion is long overdue when you consider that only five countries in Europe …

TYSONS CORNER, VA, Jan. 17, 2017 — Rick Lober,  vice president and general manager of Hughes Network Systems‘ defense and intelligence systems division, has said the company aims to expand its mobility service offerings through its partnership with Airbus. He said in an interview with ExecutiveBiz published Jan. 10 Hughes will work …

Airbus has secured a $506 million contract from the U.K.’s defense ministry to provide in-service support for the Atlas A400M airlifters of the British air force. The ministry said Thursday the contract covers maintenance, upgrade and repair services for the country’s Atlas fleet through 2026. Julian Young, chief of air materiel at the U.K.’s defense …

Canada has selected Airbus-built C-295 to serve as the next fixed-wing search-and-rescue aircraft and replace the country’s fleet of aging C-130s and Buffalo planes under a potential $2.3 billion contract, Defense News reported Wednesday. David Pugliese writes Harjit Sajjan, Canada’s defense minister,  and Judy Foote, the country’s procurement officer, are set to …

TYSONS CORNER, VA, Nov. 9, 2016 — CAE (NYSE: CAE) has received an order from Airbus‘ defense and space business for two additional flight simulators for the C295 aircraft as part of a memorandum of understanding,  ExecutiveBiz reported Tuesday. Airbus said Monday one of the simulators will be assigned to its international …

Rockwell Collins (NYSE: COL) reported fourth quarter and full fiscal year 2016 earnings figures above Wall Street’s expectations Sunday as the avionics company embarks on its largest-ever acquisition. GovCon Index-listed Rockwell Collins said July-September earnings were $1.58 per share versus analyst forecasts of $1.57 while full-year EPS totaled $5.51 to exceed the …