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Honeywell announced the sale of its PPE business to Protective Industrial Products for $1.325B, enabling a focus on its core areas: automation, aviation, and energy transition
Nov. 22, 2024 - This move, part of a broader strategy to streamline operations, follows Honeywell's exit from other non-core businesses and aligns with its goal of profitable growth and long-term shareholder value. The transaction, expected to close in early 2025, positions the PPE business for future expansion under its new ownership. (PR Newswire)
Nov. 22, 2024 - This move, part of a broader strategy to streamline operations, follows Honeywell's exit from other non-core businesses and aligns with its goal of profitable growth and long-term shareholder value. The transaction, expected to close in early 2025, positions the PPE business for future expansion under its new ownership. (PR Newswire)
Boeing has secured a $2.38B U.S. Air Force contract to build 15 additional KC-46A Pegasus aerial refueling tankers, bringing the total global contracts for the aircraft to 168
Nov. 21, 2024 - Since 2019, 89 units have been delivered to the U.S. Air Force and four to Japan, with the Pegasus recently completing its first full-scale combat mission. This aircraft serves as a critical refueling and strategic transport platform. (Yahoo! Finance)
Nov. 21, 2024 - Since 2019, 89 units have been delivered to the U.S. Air Force and four to Japan, with the Pegasus recently completing its first full-scale combat mission. This aircraft serves as a critical refueling and strategic transport platform. (Yahoo! Finance)
Boeing CEO Kelly Ortberg delivered a stark assessment of the company’s challenges, citing cultural issues like infighting, bloated management, and wasteful spending
Nov. 20, 2024 - He announced plans to overhaul the employee incentive program, delay R&D spending, and focus on ramping up 737 production to restore cash flow. Ortberg emphasized the urgency of addressing these issues to rebuild Boeing’s reputation and competitiveness, warning that trade tensions and past missteps have left the company in a precarious position. (WSJ)
Nov. 20, 2024 - He announced plans to overhaul the employee incentive program, delay R&D spending, and focus on ramping up 737 production to restore cash flow. Ortberg emphasized the urgency of addressing these issues to rebuild Boeing’s reputation and competitiveness, warning that trade tensions and past missteps have left the company in a precarious position. (WSJ)
The U.S. has approved a $6.2B upgrade for 59 South Korean F-15K Slam Eagles
Nov. 20, 2024 - They will be equipped with advanced AESA radars, electronic warfare suites, and missile warning systems to enhance air defense and regional deterrence capabilities. The upgrade also includes mission system computers, helmet-mounted cueing systems, and interoperability improvements with U.S. forces. (Aviation Week)
Nov. 20, 2024 - They will be equipped with advanced AESA radars, electronic warfare suites, and missile warning systems to enhance air defense and regional deterrence capabilities. The upgrade also includes mission system computers, helmet-mounted cueing systems, and interoperability improvements with U.S. forces. (Aviation Week)
AeroVironment is acquiring defense tech firm BlueHalo in a $4.1B all-stock deal to expand into drone defense, cyber, and space technologies amid rising geopolitical tensions
Nov. 19, 2024 - AeroVironment shareholders will hold a 60.5% stake in the combined company, expected to finalize in early 2025, with CEO Wahid Nawabi leading the merger. BlueHalo's advanced capabilities in drone defense and laser communication will complement AeroVironment's expertise in loitering munitions. (US News)
Spirit AeroSystems has agreed to sell Fiber Materials, Inc., a specialist in high-temperature materials for defense and NASA programs, to Tex-Tech Industries for $165 million in cash
Nov. 18, 2024 - The divestiture strengthens Spirit’s balance sheet and allows it to focus on its core aerospace business, while Tex-Tech gains valuable expertise and products to enhance its position in the growing space and defense sector. This strategic transaction addresses Spirit's $3.6 billion debt and streamlines operations, with FMI’s 400 employees transitioning to Tex-Tech. (Stock Titan)
Nov. 18, 2024 - The divestiture strengthens Spirit’s balance sheet and allows it to focus on its core aerospace business, while Tex-Tech gains valuable expertise and products to enhance its position in the growing space and defense sector. This strategic transaction addresses Spirit's $3.6 billion debt and streamlines operations, with FMI’s 400 employees transitioning to Tex-Tech. (Stock Titan)
Sweden has joined Germany, the Netherlands, Romania, and Spain in a $5.6B European coalition to procure 1,000 Patriot GEM-T air defense missiles, contributing over $455M
Nov. 18, 2024 - The project aims to bolster both national and NATO-wide air defense against ballistic and cruise missiles, with production expanding beyond Germany to other European countries. This initiative addresses rising demand amid heightened security concerns in Eastern Europe. (The Defense Pot)
Nov. 18, 2024 - The project aims to bolster both national and NATO-wide air defense against ballistic and cruise missiles, with production expanding beyond Germany to other European countries. This initiative addresses rising demand amid heightened security concerns in Eastern Europe. (The Defense Pot)
