26 juillet 2019 | International, Aérospatial, Sécurité
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/
26 mars 2024 | International, Terrestre
GKN Aerospace has received an order from the Swedish Defence Materiel Administration (FMV) to develop conceptual studies for advanced power and propulsion systems to support future fighter systems.
20 mars 2024 | International, Terrestre
HII will assist in the timely analysis of relevant and actionable intelligence that will enable USFK to understand enemy capabilities, detect threats, and determine enemy courses of action
30 janvier 2020 | International, Aérospatial
By: Tom Kington ROME – Italy's Leonardo has dropped plans to develop a new, single-engine helicopter and opted instead to buy a small Swiss firm that has already built one. The Italian defense giant announced on Tuesday it was purchasing Kopter Group AG, which has developed the SH09, a five- to eight-seater helicopter built with carbon composite materials which first flew in 2014. A clean-sheet design developed by a small group of engineers, the SH09 maximizes pilot view as well as interior space with a maximum takeoff weight of 2,850 kg, while its Honeywell HTS 900 engine provides an 800km range and 140 knots top speed. With the purchase, which is worth $185 million plus future pay-outs linked to the success of the program, Leonardo said it was saving itself the resources it had planned to use designing its own new helicopter in the category. “This acquisition will replace the planned investment aimed at the development of a new single engine helicopter,” the firm said. “Kopter's SH09, a new single engine helicopter, is a perfect fit for Leonardo's state of the art product range offering opportunities for future technological developments,” it added. The Swiss company's skills would also be used to develop new technologies like hybrid and electrical propulsion, Leonardo said. A company spokesman said the SH09 was viewed as a civil program in the short term. "The priority is the civil market but in the future, we will see – a military application is not excluded. However for now our AW119 is our military product in the light, three-ton, single-engine class," he said. The purchase is an unusual step for the Italian firm, which has hitherto designed its own helicopters such as the AW139 and AW101, formerly under the AgustaWestland brand, which was retired before the company changed its name from Finmeccanica to Leonardo in 2016. “Within the Helicopter Division of Leonardo, Kopter will act as an autonomous legal entity and competence centre working in coordination with us,” Leonardo said. https://www.defensenews.com/global/europe/2020/01/29/leonardo-buys-swiss-helicopter-firm/