Woodward, a U.S.-based aerospace and industrial energy control solutions company, is set to acquire Safran Electronics & Defense’s North American electromechanical actuation businesses. The deal is expected to close by mid-2025 and includes purchasing intellectual property, operations assets, talent and long-term customer agreements for Horizontal Stabilizer Trim Actuation systems. The acquisition will enhance Woodward’s offerings for next-generation...
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Category: Investment Security
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Embraer Expands in Europe With Launch of Portuguese Subsidiary
Brazilian aerospace firm Embraer has expanded its presence in the European defense sector with a new office in Lisbon, Portugal. Embraer Defense Europe, the new subsidiary, will cater to the unique requirements of the European Union and NATO, spearheading the company’s business transactions in the region through a team of defense industry experts specializing in...
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Canada to Spend $900M in New Border Control Measures
The Canadian government is strengthening the country’s border security and immigration system through a five-pronged plan that includes an investment support of about $903 million. According to Ottawa’s announcement on Tuesday, one of the border plan’s cornerstones is strengthening the operational coordination between Canadian and U.S. authorities for stronger immigration monitoring and enforcement measures. Toward...
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Leonardo DRS Names New VP of Special Projects, UK Business Lead
Leonardo DRS has named Peter Hurst as vice president of special projects and United Kingdom business lead for the defense technology manufacturer. Hurst, who announced the appointment via a LinkedIn post on Wednesday, recently served as the company’s VP for international projects and business strategy. He led the firm’s Land Electronics division, managing business contracts,...
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Airbus, Eutelsat to Expand OneWeb Constellation Amid Growing Demand
European aerospace firm Airbus Defence and Space will continue working with French satellite operator Eutelsat on the OneWeb low Earth orbit constellation, extending its capacity amid growing demand. The two companies formalized the collaboration with a new contract, under which Airbus will deliver the first batch of an additional 100 satellites for the extended constellation...
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Estonian Missile Manufacturer Eyes $52M London R&D Unit
Frankenburg Technologies, an Estonian manufacturer of low-cost air defense missiles, is planning to invest $52 million to establish a new facility in London for research and development of low-cost rocket motors, the U.K. government announced Tuesday. British Prime Minister Keir Starmer called the company’s plan “a vote of confidence” in the United Kingdom and his...
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BlackBerry to Sell Endpoint Security Assets to Arctic Wolf
Canadian security software and services company BlackBerry is set to sell its Cylance assets to Arctic Wolf under a definitive agreement with the artificial intelligence-powered security solutions provider. Cylance, winner of Gartner Peer Insights 2024 Customers’ Choice for endpoint protection platforms, is powered by advanced generative AI to provide real-time threat detection and prevention capabilities....
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RTX Forms Dutch Partnership for Sustainable Aviation R&D
RTX units Collins Aerospace and Pratt & Whitney will partner with Dutch aerospace firms in technology research and development for sustainable aviation under a memorandum of understanding between RTX and the Netherlands Aerospace Group. The collaboration covers propulsion technology innovation, aircraft energy management, environmental assessments of sustainability solutions and other various areas. Collins Aerospace and Pratt...
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Joint Venture to Support UK-Italy-Japan Warplane Program
The United Kingdom’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement have agreed to establish a joint venture to support the Global Combat Air Programme, or GCAP. The three companies said the partnership will primarily support the development of the next-generation warplane envisioned under the GCAP trilateral cooperation between the United Kingdom, Italy and...
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Boeing Books $451M FMS Command and Control Solutions Contract for Japan’s F-15 Program
Boeing has secured a $450.5 million Foreign Military Sales contract from the U.S. Air Force to provide command and control capabilities to the F-15 Japan Super Interceptor Program. The sole source acquisition contract calls for Boeing’s delivery of radars, self-protection solutions and mission computers, the U.S. Department of Defense said Tuesday. The company will work...