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Aerospace and Defense Mergers Peaked In 2011

Defense Daily Staff

Wednesday, February 8th, 2012

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Acquisitions and mergers in the global defense and aerospace industry reached a record level last year, with six “mega” deals driving the market that topped $43 billion, according to a private study by a business consulting firm released yesterday. The $43.7 billion aggregate valued deals in in 2011 included 341 mergers and acquisitions, led by United Technologies [UTX] $16 billion-takeover of Goodrich [GR], the Pricewaterhouse Coopers (PwC) report said. Before last year, 2007 was the largest in terms of value…

Congress

Six F-35Bs Delivered Without Radars Thus Far, Program Director Says

The U.S. Marine Corps thus far has received six F-35B fighters without radars, as the service waits on Northrop Grumman‘s [NOC] delivery of the AN/APG-85 radar, which is to replace […]

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]