Italy-based aerospace and defense conglomerate Leonardo is considering listing its U.S. subsidiary on the New York Stock Exchange through an initial public offering to potentially raise $2.54 billion, Reuters reported Saturday. According to newspaper Il Messaggero, the possible listing of Arlington, Virginia-based Leonardo DRS is intended to support the parent …
Read More »State Dept Clears $128M ISR Aircraft Sale to Kazakhstan
The State Department has cleared Kazakhstan's request to buy King Air B300ER Scorpion multimission aircraft along with related intelligence, surveillance and reconnaissance equipment from the U.S. government through a potential $128.1M foreign military sales transaction.
Read More »TransDigm Strikes $965M Cash Deal for Cobham Aero Connectivity; Kevin Stein Quoted
TransDigm Group (NYSE: TDG) has agreed to acquire a Cobham subsidiary focused on providing antennas and radio systems for the aerospace end market. TransDigm will use existing cash on hand to finance the $965M acquisition of Cobham Aero Connectivity and expects the transaction to close during the third quarter of calendar year 2021, subject to regulatory clearances and other customary closing conditions.
Read More »Leonardo Eyes Public Listing for DRS Subsidiary
Italy-based Leonardo said it intends to maintain control of U.S. defense subsidiary DRS even if the latter goes public, Reuters reported Thursday.
Read More »FlightSafety Wins Potential $363M Navy Helicopter Aircrew Training Support IDIQ
FlightSafety International's services business has won a potential $363.5M contract from the U.S. Navy to train military aviation students on the TH-73A Advanced Helicopter Training System at Naval Air Station Whiting Field in Milton, Fla.
Read More »Navy Conducts Market Research for $2.5B CANES Shipboard Networks Follow-On Contract
The U.S. Navy has issued a request for information on potential vendors as it works on a new acquisition strategy for the potential $2.5B follow-on Consolidated Afloat Network Enterprise and Services contract, Bloomberg Government reported Friday.
Read More »Leonardo Resumes Navy Helicopter Trainer Production Contract Work
A Leonardo subsidiary has resumed work on the U.S. Navy’s TH-119 helicopter trainer at its Philadelphia facility after the Government Accountability Office denied a protest of the potential $648.1M contract awarded in January, Vertical Magazine reported Thursday.
Read More »Leonardo Subsidiary Wins Potential $648M Navy Helicopter Trainer Production Contract
A Leonardo subsidiary has won a potential $648.1M contract to build up to 130 helicopter trainers designed to replace the U.S. Navy's TH-57 Sea Ranger platform. AgustaWestland Philadelphia Corp. will initially manufacture and deliver 32 TH-73A aircraft under the contract base period, valued at $176.5M, the service branch said Monday.
Read More »Leonardo Invests in Skydweller to Drive Unmanned Aircraft Tech Dev’t; Alessandro Profumo Quoted
Leonardo has made an investment in unmanned aircraft technology startup Skydweller Aero in a move to accelerate the deployment of the latter’s solar-powered drone platform.
Read More »CAE, Leonardo to Offer Helicopter Training Tech in US Gov’t Market; Ray Duquette Quoted
A CAE (NYSE: CAE) subsidiary and Leonardo have signed a memorandum of agreement to provide helicopter training platforms and services for U.S. government and foreign military sales clients.
Read More »