UK clears Cobham’s proposal to acquire Ultra Electronics
The UK Business Secretary has accepted the undertakings offered to address national security concerns.
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Cobham’s proposed acquisition of Ultra Electronics awaits consultation
Following the merger announcement, the Secretary of State issued a public interest intervention notice on 18 August 2021.
Elbit Systems reports 20% increase in Q1 2022 revenues
The defence electronics company attributed the increase to organic growth and the contribution of Sparton.
Triumph Group reports net sales of $386.7m in Q4 fiscal year 2022
The figure dropped 2% organically due to a fall in commercial widebody production and the timing of military OEM deliveries.
Carlyle to acquire defence contractor ManTech in $4.2bn deal
ManTech shareholders will receive $96 for each share they hold in the all-cash transaction.
Rheinmetall’s consolidated sales remain stable in Q1 2022
Rheinmetall’s consolidated operating result after taxes totalled €61m in Q1 2022.
Huntington Ingalls Industries’ Q1 revenues jump 13.1% to $2.6bn
HHI secured new contracts, worth approximately $2bn, during the quarter.
Northrop Grumman reports 4% drop in first quarter sales
The company’s total sales fell to $8.8bn in Q1 2022, from $9.2bn in Q1 2021.