In a significant development within the industrial sector, activist investor Elliott Investment Management has taken a substantial $5 billion stake in Honeywell International Inc., calling for the conglomerate to split into two separate businesses, as per a report in Reuters. This proposition marks a bold step by Elliott, who has long been known for aggressive […]
Apollo Global Management is nearing a game-changing $2 billion deal to acquire aerospace components manufacturer Barnes Group, a move that could dramatically reshape the aerospace industry, according to a report from Reuters. This acquisition underscores Apollo’s ambition to expand its portfolio into aerospace, marking a significant strategic shift for the investment giant. The potential merger […]
Héroux-Devtek Inc. (TSX: HRX), a Québec-based aerospace manufacturer and the world’s third-largest landing gear maker, has received a final order from the Superior Court of Québec approving its plan of arrangement involving an affiliate of Platinum Equity Advisors, LLC. The court’s approval under the Business Corporations Act (Québec) marks a crucial step toward completing the […]
Lockheed Martin [NYSE: LMT] has signed a definitive agreement to acquire Terran Orbital [NYSE: LLAP] in a substantial transaction valued at approximately $450 million. This strategic acquisition will see Lockheed Martin purchase Terran Orbital for $0.25 per share in cash and assume its existing debt. The deal is anticipated to close in the fourth quarter […]
Rocket Lab USA, Inc. (Nasdaq: RKLB), a leader in innovative space technology, has commenced the installation of a state-of-the-art Automated Fiber Placement (AFP) machine designed to revolutionise the production of its Neutron rocket. This new 90-tonne AFP machine, custom-built by Electroimpact, a renowned aerospace manufacturing company based in Washington, promises to significantly streamline the manufacturing […]
GE Aerospace has unveiled an ambitious plan to invest over $1 billion in its Maintenance, Repair, and Overhaul (MRO) and component repair facilities globally over the next five years. This substantial investment is aimed at expanding the company’s capacity to meet the increasing demands of both widebody and narrowbody aircraft fleets. By adding new engine […]
In a landmark development for the aerospace industry, Astra Space, Inc. (Nasdaq: ASTR), a pioneer in space exploration and satellite technology, disclosed a definitive merger agreement to restructure its ownership. Under this agreement, all outstanding shares of Astra’s common stock not presently owned by the Parent entity will be acquired for $0.50 per share in […]