Mon, Nov. 23, 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).
Tue, Aug. 18, 7:51 AM
- Buyout firms are dominating the bidding at Airbus's (OTCPK:EADSY) defense asset auction, according to Bloomberg.
- Carlyle (NASDAQ:CG), KKR and Blackstone (NYSE:BX) are among private-equity firms that bid in the first stage of the auction. Rheinmetall (OTCPK:RNMBY) and Thales (OTC:THLEY) also submitted proposals by a July deadline.
- The operations, which comprise Airbus’s defense sensors and border security businesses, are said to have operations with 2015 revenue estimated at €1.1B.
Thu, Apr. 2, 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)
Tue, Mar. 10, 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)
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