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Tag Archives: MRO

Carlyle Group Closes StandardAero Purchase; Ramzi Musallam Quoted

The Carlyle Group has completed its acquisition of aircraft maintenance, repair and overhaul services provider StandardAero from Veritas Capital for an undisclosed amount. The deal was first announced in December 2018. Ramzi Musallam, CEO and managing partner of Veritas Capital and a 2019 Wash100 winner, said Veritas has played a …

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Carlyle Group to Make Equity Investment in Military Aircraft Service Provider NORDAM

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 …

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Report: Carlyle Group Close to Sealing StandardAero Acquisition Deal

The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the transaction could be disclosed …

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Boeing, Saudi Firm Create JV for Military Aircraft MRO Localization; Leanne Caret Comments

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 …

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Noble, ADS Awarded $390M DLA MRO Contract Modifications

The Defense Logistics Agency has awarded $390 million in contract modifications to Noble Supply and Logistics and Atlantic Diving Supply to provide maintenance, repair and operations services in support of the areas covered by the U.S. Central Command. DLA awarded $195 million each to ADS and Noble in exercise of …

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DLA Taps SAIC, Noble for $577M Northeast Zone MRO Services IDIQ

The Defense Logistics Agency has awarded Science Application International Corp. (NYSE: SAIC) and Noble Supply & Logistics positions on a potential five-year, $577.5 million contract to provide maintenance, repair and operations support for zones 1 and 2 of the Northeast region. DLA awarded $315 million to SAIC and $262.5 million to …

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Veritas Capital Closes $2.1B StandardAero Buy; Ramzi Musallam Comments

Dubai Aerospace Enterprise has completed the sale of StandardAero to private equity firm Veritas Capital for $2.1 billion. StandardAero operates 13 facilities across the U.S., Europe, Canada, Australia and Singapore that offer aircraft repair, maintenance and overhaul services to clients in the commercial, military aviation and industrial power sectors, Veritas Capital …

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Defense Logistics Agency Taps Noble, ADS for European Zone MRO Services

Noble Supply & Logistics and Atlantic Diving Supply have won contracts worth $165 million combined to provide maintenance, repair and operations support for zones 1 and 2 of the U.S. military’s European command. The Defense Logistics Agency awarded $96 million to Noble and $69 million to ADS through a competitive process, …

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SupplyCore to Provide Defense Logistics Agency with MRO Tools

The Defense Logistics Agency has awarded SupplyCore a five-year, $90 million contract to deliver maintenance, repair and operations items to U.S. military and civilian government agencies. SupplyCore will provide MRO supplies for DLA’s North central region through March 10, 2020 under the firm-fixed-price contract, the Defense Department said Wednesday. DLA …

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DRS’s Jim Scott Elected to 2015 Wash100 for Leadership in MRO and Telecom

Executive Mosaic, Tysons Corner, VA March 3, 2015 – Jim Scott, president of the aviation, communication and homeland security business at DRS Technologies, has been included in this year’s list of Wash100 most influential leaders in GovCon for his leadership role in the telecommunications and maintenance, repair and overhaul services sector. The …

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