Honeywell Expands ITAR-Free Defense Technology for Europe
Honeywell Aerospace is expanding its portfolio of ITAR-free defense technologies to meet growing demand from European nations seeking to reduce reliance on U.S. export-controlled components. The company is expected to unveil a new ITAR-free...
Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion
Lockheed Martin has agreed to acquire naval defense company Ultra Maritime from private equity firm Advent in a deal valued at $3.45 billion, Advent announced on Monday. The acquisition strengthens Lockheed Martin’s position in...
GCAP Fighter Jet Project Open to More Nations, Says Italy
Rome: Italy has indicated that more countries could be welcomed into the Global Combat Air Programme (GCAP), a multinational effort involving Italy, Britain, and Japan to develop a next-generation fighter aircraft. Italian Defence Minister...
MDA Space to Acquire Blue Canyon Technologies for $620 Million
Canadian space technology company MDA Space has announced an agreement to acquire U.S.-based Blue Canyon Technologies from RTX Corporation’s Raytheon business for $620 million in cash. The acquisition is aimed at strengthening MDA Space’s...
Blue Origin’s New Glenn Rocket Explodes During Launchpad Test
Blue Origin suffered a major setback in its efforts to compete with SpaceX after its uncrewed New Glenn rocket exploded during a hot-fire test at Cape Canaveral, Florida, on May 28. The rocket, which...