Switzerland’s Ruag has acquired Saab’s space business (Saab Space, based in Gothenburg), including its subsidiary, Austrian Aerospace, for 335 million Swedish Krona ($56 million) and additional consideration based on future performance. Saab said that it has “not been able to achieve sufficient synergies with other operations within Saab,” although the division was “well managed and profitable.”
HCL Technologies, a $4.9 billion company that in three decades has grown from a garage-based start-up (Hindustan Computing) into India’s fifth largest IT company, has been selected by EADS as a tier One partner to support the activities
GE Aviation and Singapore Technologies Aerospace (ST Aerospace) have signed an agreement to cooperate in engine maintenance, repair and overhaul (MRO), engine material services, aircraft support and engine and accessories repairs. The two companies also signed a 10-year repair license agreement, in which GE will give ST Aerospace access to OEM and technical data and assistance.
Farnborough Aerospace Consortium (FAC), an aerospace and defense association that supports 1,200 related companies in southern England, has opened new offices in New Delhi and Mumbai. The moves follow the success achieved in the UAE, where member companies have been operating from offices in Abu Dhabi and Dubai since 2007. FAC acts as a facilitator for business between large global primes and supply chains.
In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show yesterday. The deals will launch tier one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.
Bombardier Aerospace yesterday signed a contract with China’s Shenyang Aircraft Corp. (SAC) to supply the center fuselages for the newly launched C-Series family of single-aisle airliners.
The contract between Bombardier and SAC is an integral part of the relationship with the state-owned aviation-industrial entity China Aviation Industry Corp. (AVIC I), of which SAC is a subsidiary.
The National Research Council of Canada signed a five-year memorandum of understanding (MoU) with EADS last month to cooperate on aerospace research and technology development.
Russian titanium manufacturer VSMPO-AVISMA (Hall 3 Stand B30) has signed a framework agreement covering the supply of titanium products to Airbus and other EADS divisions that could be worth as much as $4 billion through 2020.
Russia’s United Aircraft Corporation (UAC) president Alexey Fedorov yesterday gave details of his plans here for expanding the company’s civil business from 10 percent to 20 percent in 2015, and then to 50 percent in 2025. The MS-21, a 150- to 210-seater, should prove instrumental.
Gulfstream has recruited company veteran Robert Cowart to be the new director of supersonic technology development. He most recently served as project engineer for the supersonic technology program. In his new position, Cowart is responsible for the development of advanced technology supporting quiet supersonic flight over land, with a principal focus on sonic boom suppression concepts.