Congress still waiting on Osprey crash, safety documents from Pentagon

On the same subject

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  November 14, 2023 | International, Aerospace, C4ISR

  Russian arms industry banks on Dubai defense fair to show viability

  State-owned Rosoboronexport had announced a new counter-drone weapon to be on display, but the equipment was nowhere to be seen.

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  November 15, 2023 | International, Aerospace

  Italy's Leonardo to offer 6.3% stake in US subsidiary in share sale | Reuters

  Italy's state-controlled defence and aerospace group Leonardo on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS on the market.

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  July 26, 2019 | International, Aerospace, Security

  Private equity firm to buy UK defense company in $5 billion deal

  By: Kelsey Reichmann WASHINGTON — The U.S. private equity group Advent International Corp. will acquire U.K. defense firm Cobham plc for £4 billion, or $5 billion, on Thursday. Advent, which has completed over 345 buyouts in 41 countries, purchased Cobham through its indirect subsidiary AI Convoy Bidco Limited. “We have worked intensively over the last two and half years to focus on our customers and our financial and operating performance, and these fundamentals, along with the investment in the business Advent can provide, will enable us to leverage the quality of our products and services," said David Lockwood, CEO of Cobham, in the press release. "Most of all, this offer reflects the potential for future growth and improving performance, and is an endorsement of our turnaround strategy and our hard working people.” Cobham, which creates products for the defense, aerospace, and space industries, is ranked 57 on the Defense News Top 100 with 64 percent of its annual revenue, or $1.59 billion, coming from defense. The deal is expected to be completed before the end of 2019, according to the press release. https://www.defensenews.com/top-100/2019/07/25/uk-defense-company-acquired-for-5-billion/