Private equity firm Carlyle and German development bank KfW are in talks to jointly buy most of Thyssenkrupp’s submarine unit, three people familiar with the matter said, in the latest sign of how the Ukraine war...
Hensoldt acquires ESG Elektroniksystem in $728 million deal
German defence contractor Hensold said it acquired defence systems integrator ESG Elektroniksystem for an enterprise value of 675 million euros ($727.79 million), along with an earn-out of up to 55 million euros...
U.S. Senator Warren urges FTC to stop L3Harris deal to buy Aerojet
U.S. Senator Elizabeth Warren, who has expressed concern about a broad range of corporate consolidation, wrote to the U.S. Federal Trade Commission to urge it to oppose U.S. defense contractor L3Harris...
Defense firm L3Harris to buy Aerojet for $4.7 bln with eye on missile demand
U.S. defense contractor L3Harris Technologies Inc said it would buy Aerojet Rocketdyne Holdings Inc in a $4.7 billion all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict...
Rheinmetall agrees 1.2 billion euro deal to acquire Spanish explosives maker Expal
German military equipment manufacturer Rheinmetall said it has agreed a deal to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 billion euros ($1.24 billion). Expal is a...
Defence Ministry to acquire dual-role missiles from BrahMos Aerospace
In a further impetus to self-reliance in defence production, the Defence Ministry on Thursday signed a contract with BrahMos Aerospace for the acquisition of additional dual-role capable surface-to-surface BrahMos...
Rolls secures final clearance for sale of ITP Aero to Bain
Rolls-Royce said it had secured the final regulatory clearance for the sale of ITP Aero to investors led by Bain Capital, with the completion of the 1.8 billion euro ($1.8 billion) deal expected in the coming weeks. The...
UK clears U.S.-listed Parker’s takeover of defence firm Meggitt
Britain’s business minister Kwasi Kwarteng has approved the 6.3 billion-pound ($7.57 billion) takeover of London-based defence firm Meggitt by U.S. engineering and aerospace company Parker-Hannifin, his department...
UK moves forward on approving defence firm Ultra’s purchase
Britain on Thursday moved forward on approving the acquisition of London-listed defence firm Ultra Electronics by rival Cobham, owned by U.S. private equity firm Advent, after having raised security concerns over the...
L3Harris in talks to buy Israeli spyware firm NSO – reports
U.S. defence contractor L3Harris is in talks to buy Israeli spyware firm NSO Group, the U.S. and Israeli media reported, citing sources with knowledge of the deal. The deal is yet to be finalised and needs to be...
Adani Enterprises to acquire 50% stake in General Aeronautics
Adani Enterprises, through its subsidiary Adani Defence Systems and Technologies Ltd, signed an agreement on Friday to acquire 50% stake in drone firm General Aeronautics Pvt Ltd. Adani Defence Systems and Technologies...
Thyssenkrupp warship unit eyes German shipyard industry consolidation, Welt am Sonntag reports
Germany’s second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German...
