Defence Acquisition Council (DAC) on Tuesday approved the capital acquisition proposals worth Rs 13,000 crore, the government said in a release. The acquisitions include various weapons, platforms and equipment systems...
U.S. antitrust enforcers seen extending review of Lockheed’s deal for Aerojet
Antitrust regulators will likely lengthen their investigation into Lockheed Martin Corp’s proposed purchase of rocket maker Aerojet Rocketdyne Holdings Inc, industry executives said, since the deal would give the No. 1...
Cubic to be taken private for $2.2 billion by Veritas, Elliott
Cubic Corp has agreed to be bought by private equity firm Veritas Capital and U.S. hedge fund Elliott Management in a deal valued at about $2.2 billion, the defense and transportation technology firm said on Monday. The...
Germany to buy 25% stake in defence supplier Hensoldt – sources
The German government will buy a 25.1% stake in German defence supplier Hensoldt from private equity company KKR for 464 million euros ($562 million), people with knowledge of the matter said on Saturday. The sources...
Govt plans 10% stake sale in Mishra Dhatu via offer for sale
The government is planning to sell up to 10 per cent stake in defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) in the current fiscal ending March, an official said. The company got listed on stock exchanges in April 2018...
Govt to raise ₹907 crore via stake sale in BDL
The Union government is looking to dilute its stake in another defence manufacturer, Bharat Dynamics Ltd (BDL), following the ₹5,020 crore share sale in Hindustan Aeronautics Ltd (HAL) last month. On Monday, BDL...
Government to sell up to 15% stake in HAL via OFS on August 27-28
The government will sell up to 15 per cent stake in state-run aerospace and defence company Hindustan Aeronautics (HAL) through an offer for sale (OFS), at a floor price of Rs 1,001 per share. The offer could fetch the...
Italy’s Leonardo signs software deal to tackle homeworking cyber threats
Italian defence group Leonardo is expanding its cybersecurity offerings in partnership with a specialist Californian software company, looking to tap into increased security issues raised by the growth of home working...
UAE’s EDGE to buy Lockheed stake in military maintenance company
United Arab Emirates state defence conglomerate EDGE said on Tuesday it was taking full ownership of UAE military repair and maintenance company AMMROC by buying the 40% stake held by Lockheed Martin. Abu Dhabi-based...
BAE Systems completes $275 million airborne tactical radios deal
British defence company BAE Systems said it had completed the acquisition of Raytheon’s airborne tactical radios business, paying $275 million out of existing cash resources to finalise the deal announced in January...
EU clears UTC purchase of Raytheon, subject to conditions
The European Union has cleared United Technologies Corporation’s (UTC) planned acquisition of Raytheon, subject to conditions, the European Commission said on Friday. UTC agreed in June to combine its aerospace business...
United Technologies, Raytheon offer EU concessions over $120 billion merger deal
United Technologies Corp and Raytheon Co have offered concessions to address EU antitrust concerns about their plan to create a $120 billion U.S. aerospace and defense giant, a filing on the European Commission website...
