Jane's Defence Weekly

Business

Lockheed Martin to triple business in Australia
Lockheed Martin is planning to expand its business in Australia over the next few years to triple both the number of people it employs ...
20-Nov-2009

Elbit completes BVR purchase
Israel's Elbit Systems has completed its acquisition of BVR Systems Ltd for GBP34 million (USD57 million), it was announced on 19 November. Located in ...
20-Nov-2009

Metal Storm holds out hope of investment lifeline
Australian company Metal Storm expects to receive a critical lifeline payment from foreign investor Assure Fast Holdings Limited (AFHL) no later than 23 November, although...
20-Nov-2009

VT Group keen to buy UK Defence Support Group
UK support services company VT Group is keen to acquire the UK Ministry of Defence's (MoD) Defence Support Group (DSG) should it be put ...
20-Nov-2009

Local industry needs more time to benefit from Indian procurement revamp
The impact of India's updated defence procurement procedures (DPPs) on indigenous defence production will be limited unless the Ministry of Defence (MoD) allows local industry...
20-Nov-2009

India delays EADS/L&T decision again
A proposal by EADS Deutschland and Indian firm Larsen & Toubro (L&T) to form a defence joint venture (JV) in India has been deferred ...
20-Nov-2009

Arrow buys AE Petsche
Electronic components supplier Arrow Electronics has agreed to buy AE Petsche: a US-based supplier of speciality wires, cables and relays for the aerospace and ...
20-Nov-2009

TKMS holds Hellenic Shipyards talks
ThyssenKrupp Marine Systems (TKMS) has confirmed that it has held talks with companies interested in acquiring its troubled Greek subsidiary, Hellenic Shipyards SA. The ...
20-Nov-2009

India puts EADS/L&T venture on hold once more
A proposal by EADS Deutschland and Indian firm Larsen & Toubro (L&T) to form a defence joint venture (JV) in India has been deferred for...
20-Nov-2009

JF Lehman sells Atlantic for $235m profit
US private equity firm JF Lehman & Company has agreed to sell guidance and navigation systems specialist Atlantic Inertial Systems to Goodrich Corporation for ...
20-Nov-2009

Safran creates two joint ventures in UAE
French aerospace and defence systems group Safran and United Arab Emirates (UAE) technology house Bayunda Aviation Technology (BAT) have signed accords creating two joint ...
17-Nov-2009

China's major shipbuilders set for IPO launch
China's two largest shipbuilders - the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC) - are set to launch initial ...
16-Nov-2009

Metal Storm bailout stalls again
Metal Storm has announced that lifeline investment from financial group Assure Fast Holdings Limited (AFHL) has been delayed again after a third deadline to ...
16-Nov-2009

Malaysia's EC 725 procurement in doubt
The Malaysian government has cast doubt over its plan to procure Eurocopter's EC 725 medium multimission helicopter by saying the platform it was intended ...
13-Nov-2009

Iridium eyes new funding for growth
Global mobile satellite communications specialist Iridium is seeking new funding to support future growth and also has its eye on potential acquisitions, Jane's has ...
13-Nov-2009

US delegation eyes billion-dollar Indian defence opportunities
A delegation of Tier 1 and Tier 2 defence and aerospace contractors from the US is completing a trade mission to India this week ...
13-Nov-2009

International focus will help Saab weather Swedish procurement overhaul
Swedish government plans to radically overhaul its defence procurement model in favour of proven, off-the-shelf acquisitions will not have a major impact on Saab given...
12-Nov-2009

UK MoD may write off 'tens of millions of pounds'
The UK Ministry of Defence (MoD) may need to write off tens of millions of pounds due to inefficiencies in its expenses system, the UK...
12-Nov-2009

Rafael seeks to expand business in Brazil
Rafael Advanced Defence Systems confirmed that it is examining opportunities to expand its activities in the South American market in general and Brazil in ...
12-Nov-2009

AVIC to publicly list a subsidiary to supply People's Liberation Army with aircraft
Chinese aerospace group Aviation Industry Corporation (AVIC) is preparing to publicly list a subsidiary established earlier this year to design and produce large- and medium-sized...
12-Nov-2009

Northrop Grumman agrees to sell government advisory business for $1.65bn
Northrop Grumman has agreed to sell off its TASC Inc government advisory services unit for USD1.65 billion in cash to an investor group led by...
12-Nov-2009

Northrop Grumman and Cobham given green light to continue US intercoms work
Northrop Grumman and Cobham have been told to recommence work on the USD2.4 billion Vehicular Intercommunication System Expanded (VIS-X) contract after a protest filed ...
11-Nov-2009

Metal Storm must wait longer for lifeline funding
Australian weapon developer Metal Storm has announced that lifeline investment from a foreign financial group, Assure Fast Holdings Limited (AFHL), will be delayed by ...
11-Nov-2009

Doosan DST seeks IPO funds to boost expansion
South Korean defence firm Doosan DST is planning to launch an initial public offering (IPO) by mid-2010, a company official confirmed to Jane's on ...
09-Nov-2009

DCNS plans to expand business in Asia Pacific
DCNS has described the setting up of local partnerships as a key element of its business strategy for expanding its presence in Asia, a ...
09-Nov-2009

*Sweden urges further industrial consolidation across Europe
A top-ranking official from the Swedish Ministry of Defence (MoD) has called for a new wave of consolidation across the continent's defence industry, while ...
09-Nov-2009

Bland Group creates defence business through acquisitions
Bland Group - the Gibraltar-based shipping, tourism, advertising and hovercraft company - has made its second acquisition in the UK defence manufacturing sector with ...
09-Nov-2009

Ruag warns 2,000 jobs may be lost through export ban
Swiss defence group Ruag has warned that up to 2,000 jobs - almost one-third of its total workforce - could be lost if the ...
06-Nov-2009

Germany's Rheinmetall Defence and MAN truck manufacturers to create joint venture
Rheinmetall Defence and German truck manufacturer MAN look poised to finalise a joint venture (JV) for the production of military wheeled vehicles for use ...
05-Nov-2009

BAE completes BVT takeover
BAE Systems has completed the purchase of its partner VT Group's 45 per cent stake in the UK naval shipbuilding venture BVT Surface Fleet, ...
30-Oct-2009

QinetiQ chief executive stands down
Graham Love has resigned as chief executive of UK defence technology group QinetiQ after almost five years at the helm, it was announced on ...
30-Oct-2009

Raytheon takes over BBN
Raytheon has revealed that it paid around USD350 million to purchase BBN Technologies: a privately held defence and security mission solutions specialist. The deal ...
30-Oct-2009

Schiebel sells Camcopter to US Army
Schiebel Industries has secured its first sale to the US Department of Defense. It was announced on 26 October that the Schiebel Camcopter S-100 ...
30-Oct-2009

Russia's UAC absorbs MiG
MiG Aircraft Corporation has finally merged into Russia's United Aircraft Corporation (UAC): a move anticipated since the creation of UAC in 2006. Russian information ...
30-Oct-2009

Hudson takes on new roles at BAE
BAE Systems has appointed Linda Hudson as chief operating officer of BAE Systems Plc and president and chief executive officer of its North American ...
30-Oct-2009

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