TRM Equity buys Gamma Aerospace
07 March 2023
by Marc Selinger
US private equity firm TRM Equity has acquired US-based Gamma Aerospace, which makes parts for military and commercial aircraft, the buyer announced on 3 March.
Founded in 1971, Gamma is based in Mansfield, Texas, near Fort Worth, and employs more than 200 people. Its customers include Bell, Boeing, Lockheed Martin, and Northrop Grumman.
A TRM official declined to disclose what his firm paid for Gamma, from whom it purchased the company, or what defence programmes Gamma supports. However, a spokesperson for F-35 Lightning II prime contractor Lockheed Martin confirmed to Janes
Bombardier eyes rapid defence growth
27 March 2023
by Marc Selinger
Bombardier has provided its Global 6000 business jet for Saab's GlobalEye airborne early warning and control aircraft. (Saab)
Bombardier expects to triple its defence revenue to more than USD1 billion in the second half of the decade, according to the Canadian aircraft manufacturer.
“Geopolitical tensions and international security concerns have accelerated demand” for Bombardier's defence products, the company wrote in a 23 March investor day presentation. The revenue boost will come from aircraft deliveries, aircraft modifications, and engineering services, said Paul Sislian, Bombardier's executive vice-president of aftermarket services and strategy.
Boeing to take another KC-46A tanker charge
23 March 2023
by Marc Selinger
A Boeing KC-46A tanker touches down during a visit to Japan. (US Air Force)
Boeing expects to take another earnings charge on its long-troubled KC-46A Pegasus tanker because of a “supplier quality issue” with the centre fuel tank, according to an official at the US aerospace manufacturer.
US backtracks on M1A2 tanks, sending older variant to Ukraine
22 March 2023
by Meredith Roaten
After months of deliberations, top US Army officials have decided that sending the M1A1 Abrams tank to Ukraine is faster than sending the M1A2 as originally planned. (US Marine Corps)
The Pentagon announced on 21 March that the 31 Abrams main battle tanks (MBTs) promised to Ukraine will not be M1A2 model as initially planned.
US private equity firm TRM Equity has acquired US-based Gamma Aerospace, which makes parts for milit...
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