7 décembre 2023 | International, Aérospatial

Boeing closing in on Thai deal for 80 Dreamliners - sources | Reuters

Boeing is in advanced talks to sell around 80 wide-body 787 Dreamliner jets to Thai Airways after pulling ahead of Airbus in widely watched fleet renewal talks, industry sources said.

https://www.reuters.com/business/aerospace-defense/boeing-closing-thai-deal-80-dreamliners-sources-2023-12-07/

Sur le même sujet

  • The New Trend In Acquisitions: Mergers Of Equal But Different

    21 janvier 2020 | International, Aérospatial

    The New Trend In Acquisitions: Mergers Of Equal But Different

    Michael Bruno Woodward, Hexcel, United Technologies, Raytheon, L3 Technologies and Harris at first glance have relatively little in common, except they are mostly midsize suppliers and specialists primarily serving the aerospace and defense (A&D) market. Increasingly, that is exactly why they are pairing up—and if other recent deals are an indication, it could be one of the leading trends this year in A&D mergers and acquisitions (M&A). On Jan. 12, aircraft motion-control specialist Woodward and composites leader Hexcel proposed stock merger to create one of the largest independent A&D suppliers, with capabilities running from wing and engine parts to advanced materials used to make aircraft construction lighter. The companies have minimal sales overlap, which could help ease approval by antitrust regulators. The combined company, Woodward Hexcel, would hold key supplier positions on most major A&D programs, including: the Airbus A220, A320neo, A330neo and A350; the Boeing 737 MAX, 777X, 787 and Apache helicopter; Bombardier Global 7500; Embraer E-Jets E2; Gulfstream G500/600; and Lockheed Martin F-35 and CH-53. Perhaps more important for shareholders, the “merger of equals” between Woodward and Hexcel could become a lucrative stake. According to the companies, their combined revenue of $5.3 billion would place the new Woodward Hexcel sixth among major A&D suppliers (see graph). What is more, the combined company, which will be based in Fort Collins, Colorado, should generate about $1 billion in free cash flow—the proceeds used to fuel shareholder returns—in its first year. In turn, around $1.5 billion is expected to be sent to shareholders within 18 months of the deal's completion. The deal is expected to close in the third quarter of 2020. Initially, financial analysts who cover publicly traded A&D companies were surprised by the proposed combination. But tie-ups that see midsize specialists combining to provide greater portions of A&D systems and parts are likely to become more commonplace. Last summer, L3 Technologies and Harris paired to form L3Harris Technologies. By the summer of 2020, United Technologies and Raytheon are expected to close their own “merger of equals” to become Raytheon Technologies. “I think this deal is very similar to several other aerospace deals that we've seen the last 3-4 years,” Credit Suisse analyst Rob Spingarn says of Woodward Hexcel. “Right off the bat, it looks a lot like Harris and L3. If you line up the PowerPoint presentations from the two deals, they are almost mirror images of each other.” To that end, all of these companies have talked about increasing the amount of dollars spent on research and development (R&D). However, the so-called synergies from the combination of Raytheon Technologies are years off—assuming they occur at all—while rewards for shareholders will be almost immediate. The CEOs of Woodward and Hexcel assert that they will spend $250 million on R&D in the first full year after the deal closes, which according to analysts, is roughly in line with what they were going to spend separately. At the same time, the combined company expects to cut at least $125 million worth of recurring and redundant costs. Of course, each deal has its own criteria for justification: United Technologies looked to gain heft to fight off Airbus and Boeing supply-chain squeezes; Raytheon needed deeper pockets to fund defense technology plays; and L3 and Harris each wanted to become defense primes. Last but not least, Woodward and Hexcel CEOs say they see genuine opportunities to help commercial aviation become more sustainable through the lighter, more efficient design of aircraft and engines. A&D M&A consultants are preparing to release their year-end summaries for 2019, but dealmakers already are telling Aviation Week they expect a robust environment for M&A deals in 2020, albeit not universally across the industry. For instance, sub-tier commercial aviation suppliers like “mom and pop shops” will continue to be gobbled up, especially by private equity investors directly or through holding companies as they seek to form new middleweight suppliers. Defense technology specialists also remain hot targets, as evidenced by the mid-December announcement that government services heavyweight Leidos is buying boutique aircraft and defense systems provider Dynetics for $1.65 billion. But consolidation in space may take top billing amongst the bevy of startups funded by a venture capital surge in recent years, with major assets such as Maxar Technologies' MDA subsidiary being sold to private equity investors at the end of December. Space-sector combinations could be another major trend for 2020, according to Matt O'Connell, managing partner at Seraphim Capital—the firm that funded the buildup of GeoEye, now a core part of Maxar after MDA. “I think there are a lot of deals out there waiting to be done,” he says. https://aviationweek.com/air-transport/new-trend-acquisitions-mergers-equal-different?

  • Turkey's Baykar plans production of new air combat drone next year

    1 mai 2023 | International, Aérospatial

    Turkey's Baykar plans production of new air combat drone next year

    Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chairman Selcuk Bayraktar said.

  • Contract Awards by US Department of Defense - October 9, 2018

    10 octobre 2018 | International, Naval

    Contract Awards by US Department of Defense - October 9, 2018

    NAVY NAVMAR Applied Sciences Corp.,* Warminster, Pennsylvania, is awarded $7,707,370 for cost-plus-fixed-fee delivery order N6833519F0432 against a previously issued basic ordering agreement (N68335-15-G-0013). This delivery order provides for the Small Business Innovative Research (SBIR) Phase III work that derives from, extends, or completes an effort performed under SBIR Topics N08-008 entitled “Commandable Mobile Anti-Submarine Warfare Sensor,” N08-023 titled “Precision High Altitude Sonobuoy Emplacement,” and N101-042 titled “Environmental Wideband Acoustic Receiver and Source.” The tasks include performance modeling and simulation, fabrication, component integration, test, training, and prototype procurement activities in support of the Extended Life Sonobuoy/Automated Extended Life Sonobuoy program. Work will be performed in Warminster, Pennsylvania, and is expected to be completed in October 2022. Fiscal 2019 research, development, test and evaluation (Navy) funds in the amount of $1,690,000 will be obligated at time of award, none of which will expire at the end of the fiscal year. The Naval Air Warfare Center Aircraft Division, Lakehurst, New Jersey, is the contracting activity. *Small Business https://dod.defense.gov/News/Contracts/Contract-View/Article/1657693/

Toutes les nouvelles