Mon, Jul. 11, 10:37 AM
- Thales Alenia Space, a joint venture between Thales (OTC:THLEY) and Leonardo-Finmeccanica (OTCPK:FINMY), announces the signing of a new contract with Orbital ATK (OA +0.2%) to produce additional hardware for upcoming cargo resupply missions to the International Space Station.
- Orbital is scheduled to complete 10 CRS-1 missions to the ISS before transitioning to launch cargo logistics missions under the CRS-2 contract in 2019.
Nov. 23, 2015, 9:38 AM
- Airbus (OTCPK:EADSY) aims to pick a buyer for its defense electronics unit by the end of 2015 as part of its plan to dispose of assets with combined revenues of around €2B, Chief Executive Tom Enders told Frankfurter Allgemeine Sonntagszeitung.
- The final offers for the defense electronics business, which could fetch a price of up to €1B, are due early next month.
- Sources told Reuters that Rheinmetall (OTCPK:RNMBY) has tied up with buyout group Blackstone (BX -1%) to bid for the unit, rivaling private equity groups Cinven, Carlyle (CG +0.5%) and (KKR +0.3%) as well as French peer Thales (OTC:THLEY).
Apr. 2, 2015, 9:37 AM
- Pushing the country's decision a little further, Polish Deputy Defense Minister Czeslaw Mroczek says Poland will choose the supplier for its medium-range missile defense system in April.
- Last year, Poland short-listed a consortium of France's Thales (OTC:THLEY) and European group MBDA, as well as Raytheon (RTN +0.3%), in its tender for a missile defense system.
- Previously: Poland to choose missile defense supplier in next few weeks (Mar. 10 2015)
Mar. 10, 2015, 7:56 AM
- Poland plans to choose the supplier for its medium-range missile defense system within the next few weeks, the country's Deputy Defense Minister Czeslaw Mroczek said on Tuesday.
- Last year, Poland short-listed a consortium of France's Thales (OTC:THLEY) and European group MBDA, as well as Raytheon (NYSE:RTN), in its tender for a missile defense system.
- Previously: Lockheed, Raytheon compete for European missile deals (Mar. 04 2015)
Oct. 15, 2014, 5:43 PM
- France’s government says it will not renew Henri Proglio’s contract as CEO of Electricité de France (OTC:ECIFF), and will propose Jean-Bernard Levy, CEO and chairman of defense-electronics company Thales (OTCPK:THLEF), for the post.
- Proglio had run-ins with French Pres. Hollande over the government’s plans to reduce nuclear power’s share of the country’s electricity mix; the CEO also had to swallow a sizable pay cut but still was seeking to stay at EDF’s helm.
Jul. 11, 2013, 9:50 AMHoneywell (HON), Lockheed Martin (LMT) and Rockwell Collins (ROK) are reportedly among the strategic bidders that have made it to the second round of the auction for Carlyle (CG) portfolio company Arinc. Carlyle hopes to fetch $1.3-1.5B for the aerospace communications firm, which has also attracted offers from P-E firms such as Blackstone (BX). Carlyle is spending more time courting the industrial companies on the theory that they'll offer more money than the P-E funds. | Jul. 11, 2013, 9:50 AM | 3 Comments
Apr. 23, 2013, 12:01 PM
The National Transportation Safety Board starts a two-day hearing over the burn-out of the battery system on two Boeing (BA) 787 jets. The NTSB wants to investigate beyond what caused the incidents to the lessons that can be learned for the airplane certification process and new technologies. Boeing chief engineer Mike Sinnett says the only time they could "make a cell vent with fire was with significant overcharging."| Apr. 23, 2013, 12:01 PM
Mar. 15, 2013, 3:12 AM
Boeing's (BA) 787 could restart flights "in weeks, not in months," the company says after detailing a "permanent fix" for its lithium-ion battery problems that "addresses all (the) causal factors" which led to two burn-outs. Boeing will put the batteries in stainless steel cases, and add extra insulation, spacers and heat-resistant sleeving. Boeing has also asked suppliers Yuasa and Thales to improve production standards.| Mar. 15, 2013, 3:12 AM | 3 Comments