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...
Carlyle in talks to buy U.S. defense contractor ManTech – Bloomberg News
Private equity firm Carlyle Group Inc is in advanced talks to buy U.S. defense contractor ManTech International Corp in a deal valuing it at about $4 billion, Bloomberg News reported on Sunday, citing people familiar...
IAG says Air Europa deal may take at least 18 months
Luis Gallego, the chief executive of British Airways parent IAG, said on Wednesday a deal over the protracted acquisition of Spanish low-cost airline Air Europa may take at least 18 months. “We have to decide on a...
JetBlue offers $3.6 bln for Spirit in U.S. low-cost carrier battle
JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for Spirit Airlines, potentially snarling merger plans between the ultra-low-cost carrier and Frontier Group Holdings. JetBlue Chief Executive Officer...
Vista acquires Jet Edge services as private flying boom fuels M&A
Privately-held Vista Global Holding said on Thursday it would acquire the private aviation services platform of U.S. charter operator Jet Edge, in the latest consolidation of the booming market for flying privately. The...
Britain’s Menzies to be acquired by Kuwaiti firm for nearly $750 mln
Britain’s John Menzies agreed to be acquired by Kuwaiti firm Agility for nearly $750 million on Wednesday, in an effort to create an airport services giant as the aviation industry recovers from the COVID-19...
Airbus interested in taking over Atos’s cybersecurity business – report
European aero and defence conglomerate Airbus is interested in taking over the cybersecurity business of French software company Atos, France’s BFM TV said on Thursday, citing sources with knowledge of the matter...
Canada’s low-cost carrier WestJet to buy rival Sunwing Airlines
Canadian airline WestJet Group, owned by private equity firm Onex Corp, said on Wednesday it would buy leisure rival Sunwing Airlines for an undisclosed amount as it looks to tap into a rebound in air travel. WestJet...
EU antitrust regulators to decide on Parker, Meggitt deal by March 28
EU antitrust regulators will decide by March 28 whether to clear U.S. engineering and aerospace company Parker-Hannifin’s 6.3-billion-pound ($8.57 billion) bid for British rival Meggitt, according to a European...
