22 September 2021
by Marc Selinger
US-based Parker Hannifin Corporation, which has offered to buy the United Kingdom's Meggitt for GBP6.3 billion (USD8.6 billion), cleared a crucial hurdle on 21 September as Meggitt shareholders approved the deal.
The vote occurred two weeks after US-based TransDigm Group ended its bid for Meggitt, leaving Parker as the sole suitor.
Parker's proposal still requires regulatory approval. The UK Department for Business, Energy & Industrial Strategy (BEIS) said last month that the UK government is “closely monitoring” the proposed transaction, and has the power to intervene in takeovers that raise national security concerns.
24 April 2024
by Jeremiah Cushman
Saab has developed an autonomy package for its CB 90 fast boat and demonstrated its ability to navigate the Swedish coast. Pictured above is a CB 90 that was delivered to Malaysia. (Dockstavarvet)
24 April 2024
by Giles Ebbutt
The XR Training consortium's USMC Amphibious Combat Vehicle driver simulator in its seat configuration with two DoF motion platform. The Vive HTC Elite headset is on the seat. The Instructor station laptop is on the table behind. (XR Training)
A consortium led by XR Training has been awarded a contract by the US Marine Corps (USMC) under an Other Transaction Agreement (OTA) to produce a driver training simulator for the new Amphibious Combat Vehicle (ACV). The value of the contract was not disclosed but Neil Levin, XR Training CEO, told Janes
18 April 2024
by Jeremiah Cushman
Actual and planned Canadian defence spending by category from 2021–22 to 2026–27. (Janes)
The Canadian government released its fiscal year (FY) 2024 defence budget on 16 April. The document projects spending of CAD33.8 billion (USD24.6 billion) in 2024–25, including adjustments from the Budget 2023 Refocusing Government Spending Exercise and incremental funding in the 2024 budget, although it warns that forecast amounts may change as programmes move through implementation. This is an increase from the forecast CAD29.9 billion spending in 2023–24, according to the document.
US-based Parker Hannifin Corporation, which has offered to buy the United Kingdom's Meggitt for GBP6...
In this podcast Janes analysts discuss the Iranian attacks on Israel on the 14 April. They highlight the military systems used by Iran and the performance and impact of these on Israel. They also discuss the implications of this attack goi...
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