Tag Archives: u.k.

A federal bankruptcy court judge for the Southern District of New York has approved a reorganization plan clearing the sale of satellite company OneWeb to the U.K. government and Bharti Global, SpaceNews reported Thursday.

Hughes Network Systems has agreed to make an in-principle investment of $50M in a consortium with the U.K. government and Bharti Enterprises that will take over satellite company OneWeb.

General Dynamics (NYSE: GD) has secured a potential $104.2M contract to develop, produce and install systems for the U.S. Navy's Columbia-class and the U.K.'s Dreadnought-class ballistic missile submarines. Work under the sole-source contract will take place in Massachusetts, Rhode Island, Connecticut and the U.K., through November 2024, the Department of Defense said Wednesday.

The U.K. government is likely to approve a deal for Advent International to acquire aerospace and defense contractor Cobham after the Boston-based private equity firm proposed several measures to address potential national security risks from the combination, Reuters reported Tuesday.

Lockheed Martin (NYSE: LMT) has received a $148.4M order to support durability tests on F-35B jets belonging to the U.S. Marine Corps and non-Department of Defense participants in the fighter aircraft program. The company will conduct tests needed to certify the short takeoff/vertical landing variant to reach a 30-year service life, DoD said Friday.

A new PwC report says the U.S. aerospace and defense industry recorded $244B in 2018 sales and was the A&D exports leader last year with $132B in revenue.

A Leonardo DRS subsidiary has secured a potential seven-year, $830.7M contract from the U.S. Navy to design, produce and install workstations, processors and network systems for service branch and the governments of the U.K. and Australia.

A consortium of private equity firms and Canada-based pension funds seeking to acquire Inmarsat agreed to a number of legally binding commitments with the U.K. government to maintain the satellite communications firm’s operations in the U.K., Reuters reported Thursday.

David Batters, formerly group chief financial officer at the U.K. Nuclear Decommissioning Authority, will serve as AECOM’s (NYSE: ACM) senior vice president and international sector lead for nuclear and environment strategic business unit within the company’s management services group, starting Sept. 1.

Lockheed Martin (NYSE: LMT) will continue to manufacture submarine-launched ballistic missiles for the U.S. Navy and the government of U.K. under a four-year, $559.6M contract modification. The company will also support both countries’ deployed Trident II D5 missile systems, the Department of Defense said Thursday. The Navy will obligate $421.8M in …