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Lockheed Martin has proposed acquiring satellite manufacturer Terran Orbital for over $500 million
Lockheed plans to pay $1 per share for the outstanding stock it doesn't own, valuing Terran Orbital at just under $200 million. The acquisition would accelerate Lockheed's strategic growth priorities in space and build upon its existing contracts with Terran, accounting for 81% of Terran's backlog as of the end of 2023. (Space News)
Lockheed plans to pay $1 per share for the outstanding stock it doesn't own, valuing Terran Orbital at just under $200 million. The acquisition would accelerate Lockheed's strategic growth priorities in space and build upon its existing contracts with Terran, accounting for 81% of Terran's backlog as of the end of 2023. (Space News)
Airbus and Spirit AeroSystems have explored the prospect of Airbus acquiring the Belfast plant
Mar. 1 2024 - While Airbus declined to comment, Spirit is engaged in ongoing price negotiations with
Airbus to enhance profitability for the A220. The potential ownership issue may gain urgency if Spirit is re-absorbed into Boeing, currently in talks to buy back Spirit due to cash flow challenges. (Reuters)
Mar. 1 2024 - While Airbus declined to comment, Spirit is engaged in ongoing price negotiations with
Airbus to enhance profitability for the A220. The potential ownership issue may gain urgency if Spirit is re-absorbed into Boeing, currently in talks to buy back Spirit due to cash flow challenges. (Reuters)
Boeing is in discussions to potentially acquire Spirit AeroSystems, a troubled supplier responsible for manufacturing 737 MAX fuselages
Mar. 1, 2024 - Spirit, facing production challenges and quality issues impacting Boeing's jets, has engaged in preliminary talks with its former owner, though not guaranteed. (WSI)
Mar. 1, 2024 - Spirit, facing production challenges and quality issues impacting Boeing's jets, has engaged in preliminary talks with its former owner, though not guaranteed. (WSI)
VSE Corporation is taking strategic steps to strengthen its position in the Aviation aftermarket acquiring Turbine Controls incorporated
Feb. 29, 2024 - TCI, a leading provider of aftermarket maintenance services for complex engine components, divesting substantially all of its Federal & Defense Segment, and initiating a strategic review of its Fleet segment. The acquisition of TCI, valued at approximately $120 million. (VSC Corp)
Singapore plans to bolster its air capabilities by adding eight F-35A fighters to its existing order, totaling 20 F-35s, replacing its aging F-16 fleet by 2030
Feb. 28, 2024 - This move is part of Singapore's strategy to maintain regional power status, accompanied by a $15 billion defense budget for 2024. The acquisition enhances the Republic of Singapore Air Force's capabilities and reflecting a balanced approach to military modernization amid caution about regional arms races in the Indo-Pacific. (National Interest)
Feb. 28, 2024 - This move is part of Singapore's strategy to maintain regional power status, accompanied by a $15 billion defense budget for 2024. The acquisition enhances the Republic of Singapore Air Force's capabilities and reflecting a balanced approach to military modernization amid caution about regional arms races in the Indo-Pacific. (National Interest)
Northrop Grumman plans to cut up to 1,000 jobs at its Space Park facility in Redondo Beach
Feb. 27, 2024 - The termination was driven by high costs, payload development difficulties, and schedule delays. The company filed a WARN notice and is working to match affected employees with other opportunities. (Daily Breeze)
Feb. 27, 2024 - The termination was driven by high costs, payload development difficulties, and schedule delays. The company filed a WARN notice and is working to match affected employees with other opportunities. (Daily Breeze)
A panel has criticized Boeing's safety culture, citing a "disconnect" between management and employees on safety issues
Feb. 27, 2024 - The report, initiated after the 737 MAX crashes, highlighted a lack of awareness of safety metrics and an inadequate implementation of positive safety culture components. Boeing is urged to review recommendations and develop an action plan within six months. (Reuters)
Feb. 27, 2024 - The report, initiated after the 737 MAX crashes, highlighted a lack of awareness of safety metrics and an inadequate implementation of positive safety culture components. Boeing is urged to review recommendations and develop an action plan within six months. (Reuters)
Senators Elizabeth Warren and John Garamendi are urging the Department of Defense to enhance its scrutiny of defense business mergers
Feb. 26, 2024 - In a letter to Defense Secretary Lloyd J. Austin III, the lawmakers emphasize the need for thorough assessments of mergers' impact on supply chains, prices, and national security. They also question the Pentagon's oversight. (Roll Call)
Feb. 26, 2024 - In a letter to Defense Secretary Lloyd J. Austin III, the lawmakers emphasize the need for thorough assessments of mergers' impact on supply chains, prices, and national security. They also question the Pentagon's oversight. (Roll Call)
