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Sikorsky Lockheed Martin agreed to purchase Sikorsky Aircraft from United Technologies Corporation (UTC) for USD9 billion, but this is reduced to USD7.1 billion after taking into account tax benefits resulting from the transaction.The purchase should provide Lockheed with a portfolio of products that engages a wider spectrum of the militaryRead More →

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Krauss-Maffei Wegmann Krauss-Maffei Wegmann (KMW), Germany’s leading builder of armoured vehicles, and French state- owned competitor Nexter Systems signed a deal to merge their operations, in what is the most significant tie-up in the European arms sector for a while. The new economies of scale are expected to impact theRead More →

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Eurofighter consortium The Eurofighter consortium comes onto the map having just landed an agreement from Kuwait to proceed with the acquisition of 28 Typhoon multi-role fighters, following a meeting in Rome between the Italian and Kuwaiti prime ministers. The consortium undertakes to ensure that terms of the agreement are metRead More →

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Maritime Indirect Fire System (MIFS) The UK Ministry of Defence (MoD) had confirmed the selection of BAE Systems as preferred bidder with regard to the supply the Maritime Indirect Fire System (MIFS) for the Royal Navy’s (RN’s) next-generation Type 26 Global Combat Ship (GCS) which are expected to operate inRead More →