Bombardier to Invest $270 Million in US After Trump Drops Ban Threat
Canadian aircraft manufacturer Bombardier will invest approximately $270 million in the United States and recruit for 500 positions, following President Donald Trump’s decision to step back from threats to ban the company from the...
GE Aerospace to Buy Castings Supplier CPP for $11.75 Billion
GE Aerospace said Tuesday it will acquire aerospace castings supplier Consolidated Precision Products (CPP) from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will give GE greater control over a...
Boeing Posts Bigger Q2 Loss Despite Positive Cash Flow
Boeing reported a larger-than-expected loss for the second quarter after taking a $280 million charge tied to its delayed Air Force One replacement program. The company posted a net loss of $428 million, with...
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...