Back to news

October 29, 2021 | International, Aerospace

Lockheed predicts Aerojet acquisition will close next quarter

Lockheed Martin's $4.4 billion acquisition of Aerojet Rocketdyne is expected to close in the first quarter of 2022, one quarter later than expected.

https://www.defensenews.com/industry/2021/10/26/lockheed-predicts-aerojet-acquisition-will-close-next-quarter/

On the same subject

  • F-35 inventory soars in new Pentagon spending bill

    September 17, 2018 | International, Aerospace

    F-35 inventory soars in new Pentagon spending bill

    By: Joe Gould WASHINGTON — Beyond the 77 F-35 Joint Strike Fighters authorized by the 2019 defense policy bill, congressional appropriators are adding another 16 for a total of 93. Congressional conferees on Thursday finalized a $674.4 billion defense spending bill for next year packaged with funding for the departments of Education, Labor, Health and Human Services, or Labor-HHS — and a continuing resolution through Dec. 7 for some other parts of the government. As usual, appropriators used their annual defense spending bill to offer tweaks to the existing shopping list for military hardware from the previous version, which President Donald Trump signed into law last month. The new compromise spending bill, which trumps the authorization bill, buys three littoral combat ships instead of two and 13 Bell-Boeing V-22 Ospreys instead of seven — among other differences. The Navy and Marine Corps continue to invest in vertical takeoff aircraft and announced a $4.2 billion contract for dozens of new V-22 Osprey tilt-rotor aircraft just weeks ago. Full article: https://www.defensenews.com/congress/2018/09/14/f-35-inventory-soars-in-new-pentagon-spending-bill

  • Indian MoD approves procurements worth USD1.17 billion

    August 13, 2020 | International, Aerospace

    Indian MoD approves procurements worth USD1.17 billion

    by Rahul Bedi India's Ministry of Defence (MoD) has approved the procurement of indigenously developed platforms and weapon systems worth INR87.22 billion (USD1.17 billion) for the country's three military services, including basic trainer aircraft for the Indian Air Force (IAF). The Indian government's Press Information Bureau (PIB) announced on 11 August that the MoD's Defence Acquisition Council (DAC), which is headed by Minister of Defence Rajnath Singh, agreed to acquire an initial 70 Hindustan Turbo Trainer-40 (HTT-40) aircraft from public-sector company Hindustan Aeronautics Limited (HAL) following their certification. An additional 36 tandem-seat HTT-40s are expected to be acquired thereafter, once the IAF has operationalised the first lot of trainers. A HTT-40 prototype powered by a Honeywell TPE331-12B turboprop engine made its maiden test flight in June 2016, following a six-year delay, but the aircraft has yet to enter series production. The HTT-40 was developed to replace the HAL-designed HPT-32 Deepak, which was grounded in July 2009 following recurring accidents. Once inducted, the HTT-40 is meant to supplement 75 Pilatus PC-7 Mk II basic trainers that have been in IAF service since 2013. The DAC also cleared the procurement of an unspecified number of upgraded 127 mm/64 cal ‘super rapid' guns from state-owned Bharat Heavy Electricals Limited (BHEL) for fitment onto Indian Navy (IN) and Indian Coast Guard (ICG) vessels. Industry sources told Janes that the IN plans to arm an initial 13 frontline warships – including the indigenously designed and built Shivalik-class frigates and Delhi-class destroyers – with these guns. https://www.janes.com/defence-news/news-detail/indian-mod-approves-procurements-worth-usd117-billion

  • Czech defence group CSG plans ammunition venture in Ukraine
All news