TRM Equity buys Gamma Aerospace

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


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Saab's Skapa initiative aims to speed technology into customers' hands

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)


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XR Training-led consortium wins USMC ACV simulator contract

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


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Canada unveils CAD33.8 billion defence budget for 2024–25

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.


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https://www.janes.com/defence-news/industry-headlines/latest/trm-equity-buys-gamma-aerospace

US private equity firm TRM Equity has acquired US-based Gamma Aerospace, which makes parts for milit...

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