Tag Archives: military aircraft

Greg Beason, a more than 30-year aerospace industry veteran, has been appointed president and CEO of military aircraft sustainment services provider AllClear.

Boeing has published its annual forecast for the commercial and defense aerospace market, the company reported on Tuesday. The report has analyzed the impact of the COVID-19 pandemic and Boeing's upcoming market dynamics. The 2020 Boeing Market Outlook (BMO) has reported that the commercial aviation and services markets will continue to face significant challenges as a result of COVID-19. 

AllClear has officially launched as a military aircraft sustainment services provider following the combination of Aero Precision and Kellstrom Defense.

Airbus is restructuring its U.S. operations into a new business unit - Airbus U.S. Space and Defense - as part of a special security agreement with the U.S. government in an effort to further build up its presence in the space, defense and intelligence markets.

Military aviation aftermarket distributor Aero Precision has purchased El Segundo, Calif.-based defense aircraft sustainment services provider Kellstrom Defense for an undisclosed sum.

Mercury Systems (Nasdaq: MRCY) has agreed to acquire Alpharetta, Ga.-based large area display technology developer American Panel Corp. for approximately $100M in a push to expand its avionics capabilities and C4I business.

Boeing (NYSE: BA) has appointed three executives to new leadership roles as part of efforts to build up the company’s partnerships and presence worldwide. Marc Allen, president of Boeing International, will transition to the role of senior vice president at Boeing and president of Embraer partnership and group operations, the Chicago-based …

TransDigm Group (NYSE: TDG) has concluded its approximately $4B purchase of Esterline Technologies (NYSE: ESL) in a push to expand its proprietary and sole-source content platform for defense and aerospace sectors. TransDigm initially announced the deal on Oct. 10 and the company said Thursday Esterline shareholders will get $122.50 in cash per …

The Carlyle Group (Nasdaq: CG) signed an agreement to invest in NORDAM, a family-owned aerospace manufacturing and repair company, and will support the latter’s strategic plan and growth initiatives. The equity investment from the Carlyle Strategic Partners IV L.P. fund and debt financing will also help NORDAM emerge from Chapter …

TYSONS CORNER, VA, April 4, 2018 — Boeing (NYSE: BA) has signed a memorandum of agreement with state-owned company Saudi Arabian Military Industries to create a new joint venture that aims to localize at least 55 percent of maintenance, repair and overhaul work for Saudi Arabia’s fixed- and rotary-wing military …