U.S. Senator Elizabeth Warren has asked the Federal Trade Commission to take a tougher look at defense industry mergers, questioning a proposal from Lockheed Martin that would allow it to buy the biggest independent...
Huntington Ingalls to buy Alion Science for $1.65 billion
Military shipbuilding firm Huntington Ingalls Industries Inc said on Tuesday it plans to buy Alion Science and Technology for $1.65 billion in cash from Veritas Capital to boost its security solutions portfolio. Alion...
Italy’s Leonardo to buy 25% stake in German sensor maker Hensoldt
Italian defence group Leonardo said on Saturday it agreed to buy a 25.1% stake in German military sensor maker Hensoldt from buyout firm KKR for 23 euros per share in cash, or around 606 million euros ($733 million)...
French defence group Thales to sell signalling business -sources
Thales is putting its rail signalling business up for sale in a potential deal worth 1.5 billion euros or more ($1.8 billion) as the French defence and aerospace group seeks to streamline operations, people close to the...
Carlyle Aviation Partners to buy aircraft leasing firm in $2.36 billion deal
Private equity firm Carlyle Group said on Monday an affiliate of Carlyle Aviation Partners, its aviation investment arm, will buy aircraft leasing company Fly Leasing Ltd for an enterprise value of $2.36 billion...
Satellite data company Spire to go public in latest SPAC space deal
Satellite data company Spire Global Inc said on Monday it has agreed to go public through a merger with blank-check acquisition firm NavSight Holdings Inc at a $1.6 billion valuation. It is the latest example of a...
DAC approves acquisition proposals worth Rs 13,700 cr for armed forces
Defence Acquisition Council (DAC) on Tuesday approved the capital acquisition proposals worth Rs 13,000 crore, the government said in a release. The acquisitions include various weapons, platforms and equipment systems...
U.S. antitrust enforcers seen extending review of Lockheed’s deal for Aerojet
Antitrust regulators will likely lengthen their investigation into Lockheed Martin Corp’s proposed purchase of rocket maker Aerojet Rocketdyne Holdings Inc, industry executives said, since the deal would give the No. 1...
Cubic to be taken private for $2.2 billion by Veritas, Elliott
Cubic Corp has agreed to be bought by private equity firm Veritas Capital and U.S. hedge fund Elliott Management in a deal valued at about $2.2 billion, the defense and transportation technology firm said on Monday. The...
Germany to buy 25% stake in defence supplier Hensoldt – sources
The German government will buy a 25.1% stake in German defence supplier Hensoldt from private equity company KKR for 464 million euros ($562 million), people with knowledge of the matter said on Saturday. The sources...
Govt plans 10% stake sale in Mishra Dhatu via offer for sale
The government is planning to sell up to 10 per cent stake in defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) in the current fiscal ending March, an official said. The company got listed on stock exchanges in April 2018...
Govt to raise ₹907 crore via stake sale in BDL
The Union government is looking to dilute its stake in another defence manufacturer, Bharat Dynamics Ltd (BDL), following the ₹5,020 crore share sale in Hindustan Aeronautics Ltd (HAL) last month. On Monday, BDL...
