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KKR Completes $1.2B Buy of Airbus Defense Electronics Business

Global investment firm Kohlberg Kravis Roberts & Co. (NYSE: KKR) has concluded its approximately $1.2 billion purchase of the defense electronics business of Airbus Group. France-based Airbus first announced the transaction in March 2016 as part of the company’s defense and space portfolio reorganization. Airbus said Tuesday it will maintain a 25.1 percent minority …

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Airbus Secures $212M Contract to Build ESA’s 2nd Orion Spacecraft Service Module

Airbus‘ defense and space business has been awarded a potential $212 million contract by  the European Space Agency to produce a second service module for the Orion spacecraft that Lockheed Martin currently builds for NASA. Airbus said Thursday the second European service module will be built to provide propulsion, power and thermal control as well as water …

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Reuters: Airbus Defense Chief Anticipates EU Military Spending Changes by 2018

Dirk Hoke, CEO of Airbus‘ defense and space segment,  has said he expects to see changes to military spending in Europe next year and anticipates “intensive” discussions among European countries about the future of NATO, Reuters reported Tuesday. “This discussion is long overdue when you consider that only five countries in Europe …

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Rick Lober: Hughes Looks to Expand Mobility Offerings Through Airbus Partnership

TYSONS CORNER, VA, Jan. 17, 2017 — Rick Lober,  vice president and general manager of Hughes Network Systems‘ defense and intelligence systems division, has said the company aims to expand its mobility service offerings through its partnership with Airbus. He said in an interview with ExecutiveBiz published Jan. 10 Hughes will work …

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Airbus to Support UK Military Transport Aircraft Fleet Under Potential $506M Contract

Airbus has secured a $506 million contract from the U.K.’s defense ministry to provide in-service support for the Atlas A400M airlifters of the British air force. The ministry said Thursday the contract covers maintenance, upgrade and repair services for the country’s Atlas fleet through 2026. Julian Young, chief of air materiel at the U.K.’s defense …

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Defense News: Airbus Wins Potential $2.3B Search & Rescue Aircraft Replacement Contract With Canada

Canada has selected Airbus-built C-295 to serve as the next fixed-wing search-and-rescue aircraft and replace the country’s fleet of aging C-130s and Buffalo planes under a potential $2.3 billion contract, Defense News reported Wednesday. David Pugliese writes Harjit Sajjan, Canada’s defense minister,  and Judy Foote, the country’s procurement officer, are set to …

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CAE Receives Airbus Order for 2 Additional C295 Flight Simulators; Gene Colabatistto Comments

TYSONS CORNER, VA, Nov. 9, 2016 — CAE (NYSE: CAE) has received an order from Airbus‘ defense and space business for two additional flight simulators for the C295 aircraft as part of a memorandum of understanding,  ExecutiveBiz reported Tuesday. Airbus said Monday one of the simulators will be assigned to its international …

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Airbus Names Francois Auque, Thomas d’Halluin as Venture Investment Chiefs for Europe, US

Francois Auque, formerly CEO of Airbus Group’s defense and space business in France and executive vice president of space systems, has been named head of the aerospace company’s venture investment activities in Europe. Airbus also appointed Thomas d’Halluin, formerly chief operating officer of Airbus Ventures, to lead the firm’s venture …

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Orbital ATK, Airbus to Build Eutelsat Satellite to Serve Europe, North Africa

TYSONS CORNER, VA, Oct. 12, 2016 — Orbital ATK (NYSE: OA) and Airbus will build a new satellite for Eutelsat Communications that will eventually serve European and North African video markets, ExecutiveBiz reported Tuesday. Eutelsat said Tuesday Orbital ATK will produce the platform for the future EUTELSAT 5 West B satellite while Airbus’ …

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Rodin Lyasoff Promoted to CEO at Airbus’ A3 Innovation Outpost

Rodin Lyasoff, a former project executive at Airbus Group‘s A3 advanced projects and partnerships outpost in Silicon Valley, has been promoted to lead A3 as chief executive. He succeeds Paul Eremenko, who was appointed as the aerospace and defense contractor’s  chief technology officer,  Airbus said Tuesday. Lyasoff has supported the development of …

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