Egypt ready to receive 12 more Lockheed Martin transporters following approval by US State Department

This article was published on: February15,2022 1:03 AM

Egypt is set to receive 12 more Lockheed Martin C-130J-30 Super Hercules transporters following approval by the US State Department, although the decision still requires a formal go-ahead by Congress The deal is believed to be worth $2.2 billion and includes contracts for additional training. In the supporting documentation the Defense Security Cooperation Agency (DSCA)Read More

Philippines to acquire anti-ship missile system from India worth $375m

This article was published on: February15,2022 1:02 AM

The Philippines has finalized a deal to acquire a shore-based anti-ship missile system from India for nearly $375 million to beef up its navy, the Southeast Asian nation’s defense minister said. The Philippines is in the late stages of a five-year, 300 billion pesos ($5.85 billion) project to modernize its military’s outdated hardware that includesRead More

Sanad announces new launch strategy to expand business beyond aerospace sector

This article was published on: February15,2022 1:01 AM

Sanad, a wholly owned subsidiary of Mubadala Investment Company (Mubadala), recently announced the launch of a new strategy to expand business beyond the aerospace sector. The company has also appointed Mansoor Janahi, currently Deputy Group CEO of Sanad, as the new Group CEO to lead the growth stage under the new strategy. He assumed hisRead More

Raytheon Technologies beat market estimates during the holiday season

This article was published on: February15,2022 12:59 AM

Raytheon Technologies Corp recently posted adjusted quarterly profit that beat market estimates, as a surge in air travel during the holiday season boosted demand for its aerospace products and services. The US government’s decision ahead of the holidays to open its borders to vaccinated individuals from abroad helped the wide-body aerojet aftermarket recover, driving demandRead More

NAS and Abbott to drive implementation of Covid-19 rapid testing solutions across MENA region

This article was published on: February10,2022 2:51 AM

National Aviation Services (NAS) has signed a partnership agreement with global healthcare company, Abbott, to drive the implementation of Covid-19 rapid testing solutions at major airports and trans-border lounges across the Middle East and Africa. The leading airport services provider is using its global network, local relationships, and industry expertise, to work with local authoritiesRead More

Embraer SA to sell its Portugal-based subsidiaries to Aernnova Aerospace

This article was published on: February10,2022 2:45 AM

Brazilian planemaker Embraer SA said recently that it has reached a deal to sell its Portugal-based subsidiaries Embraer Portugal Estruturas Metalicas and Embraer Portugal Estruturas em Compositos to Spain’s Aernnova Aerospace. According to a securities filing, the deal was valued at $172 million. The subsidiaries supply the firm with components used in its aircraft production,Read More

Boeing to support flight tests of GE Aviation’s hybrid electric propulsion system

This article was published on: February10,2022 2:44 AM

GE Aviation has selected Boeing to support flight tests of its hybrid electric propulsion system using a modified Saab 340B aircraft and CT7-9B turboprop engines. Boeing and its subsidiary Aurora Flight Sciences will provide GE Aviation with airplane modification, system integration and flight-testing services. That work includes nacelle manufacturing, flight deck interface design and software,Read More

2nd phase of Bahrain’s new terminal on track with 80% completion

This article was published on: February10,2022 2:42 AM

The second phase of the new passenger terminal is on track, with more than 80 per cent of the hub already complete. Transportation and Telecommunications Minister and Bahrain Airport Company (BAC) chairman Kamal Ahmed inspected the progress of the construction works. He was accompanied by Hill International consultative representatives, contractors and BAC officials. The projectRead More

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