BAE Systems, Inc. announced today it has reached definitive agreements for the proposed acquisitions of Collins Aerospace’s military Global Positioning System (GPS) business and Raytheon’s Airborne Tactical Radios (ATR) business. These two high-performing businesses are being sold in connection with obtaining the required antitrust clearances for the previously announced pending merger between Raytheon and United...
BUCHAREST (Romania), January 15 (SeeNews) – US-based security and aerospace company Lockheed Martin is interested in the further development of military equipment production and maintenance projects in Romania, as well as artificial intelligence-focused research, the Romanian authorities said. The company is considering the development of additional equipment production and maintenance projects involving Romania, the defence ministry said...
Iveco Defence Vehicles, a subsidiary of CNH Industrial N.V. (NYSE: CNHI/MI: CNHI), announces that on December 30, 2019 a first order of a frame agreement including more than 2,900 high mobility trucks has been signed with the Romanian Ministry of National Defence. These first 942 vehicles will be delivered throughout four years, starting from 2020....
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Romania’s Defense Ministry plans to rebuild the Mihail Kogalniceanu military base close to the Black Sea coast according to NATO standards and increase its capacity. The costs of this project are estimated at RON 12 billion (over EUR 2.5 billion) over a period of 20 years and will be covered from the state budget, according...
Israel’s Rafael Advanced Defense Systems Ltd. has acquired Aeronautics Ltd., one of the country’s leading developers of unmanned aerial systems, Rafael said on Tuesday, September 3. The deal, which is set to be finalized in the coming days, would see Rafael own 50% of Aeronautics with the defense technology company’s partner, businessman Avichai Stolero, holding the other...
The Portuguese Government has approved the sale of the five F-16 aircraft to Romania, the price being at least EUR 130 million, as evidenced by the decision of the Lisbon Executive, Adevarul reported. Before the summer recess, the Romanian Parliament approved the purchase of 5 aircraft. Defense minister Gabriel Leş announced on July 3 that they will...
The Romanian authorities announced today the selection of Naval Group and its partner Santierul Naval Constanta (SNC) for the programme to build four new Gowind multi-mission corvettes, to modernize the T22 frigates and to create a maintenance centre and a training centre. The Naval Group and SNC teams are honoured by the trust of the...
COLOGNE, Germany — The Romanian government has picked Naval Group to build four Gowind corvettes for the Black Sea nation in a deal worth €1.2 billion (U.S. $1.4 billion). The contract also includes modernizing the country’s two T-22 frigates and construction of a maintenance and training center, according to a statement by the French shipbuilder....
