Search results for: acquisition

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  • 13 February 2020
    Industry news

    Titan Acquisition Holdings has entered into a definitive agreement to acquire Huntington Ingalls Industries’ (HII) San Diego Shipyard. The shipyard is one of the largest fleet service and repair sites in America, located in the US largest navy port. The transaction is subject to customary closing conditions and is expected to close in the second […]

  • 5 February 2020
    Industry news

    American military shipbuilding company Huntington Ingalls Industries (HII) has entered into an agreement to acquire Hydroid Inc. a provider of advanced marine robotics to the defense and maritime markets and a US-based subsidiary of Norway’s Kongsberg Maritime. In conjunction with the transaction, HII and Kongsberg Maritime are also establishing a strategic alliance to jointly market […]

  • 16 November 2012
    Industry news

    BAE Systems  announced on Thursday  that it has entered into a definitive agreement with American Maritime Holdings, Inc. to acquire Marine Hydraulics International, Inc. (“MHI”), a privately held company that operates a shipyard, pier and waterfront facilities in Norfolk, Virginia. The proposed acquisition would complement BAE Systems’ support to its customers with enhanced readiness and […]

  • 22 July 2014

    Defence and security company Saab’s acquisition of the Swedish shipyard ThyssenKrupp Marine Systems AB (TKMS AB formerly Kockums) has now been completed. The acquisition strengthens Saab’s position as a comprehensive supplier of naval military systems.   The required decisions and approvals for Saab’s acquisition of Thyssen Krupp Marine Systems AB (TKMS AB) have now been […]

  • 28 April 2017
    Authorities, Industry news

    A report on the Australian government’s handling of the Future Submarine acquisition was complimented by the Australian National Audit Office (ANAO) in a report released on April 27. Commenting on the report, Australia’s Minister for Defence Industry said the ANAO has independently verified that the competitive evaluation process to select an international partner for the Future […]

  • 12 June 2018
    Industry news

    Louisiana-based shipbuilder Metal Shark has acquired the assets of Alabama-based Horizon Shipbuilding following a motion approved by the US Bankruptcy Court Southern District of Alabama on June 5. With the acquisition, the military craft builder assumes ownership of a fully developed 35-acre shipbuilding facility in the Mobile Bay region, with separate east and west yards […]

  • 17 April 2012
    Industry news

    The government has OKed the acquisition of six new offshore patrol vessels (OPVs) that will be added to the Coast Guard fleet. The total value of the vessels is about Rs 1,800 crore. The new vessels will be over 100-metres long and equipped with helicopter decks. The will all be constructed by defense PSU Goa […]

  • 27 June 2014

    In April ThyssenKrupp Industrial Solutions AG, a subsidiary of ThyssenKrupp AG, and Saab AB signed a non-binding Memorandum of Understanding concerning the sale of the Swedish shipyard ThyssenKrupp Marine Systems AB (formerly named Kockums) to Saab AB.   The discussions are at a final stage but still ongoing. An agreement with ThyssenKrupp Industrial Solutions AG […]

  • 15 June 2011

      Secretary of the Navy Ray Mabus recognized more than 50 individuals and commands for improving Department acquisition processes with a combined cost savings to the government of more than $5.5 billion during a ceremony at the Pentagon June 13. “I want to thank the whole acquisition community of the Navy and Marine Corps for […]

  • 25 May 2017

    The Norwegian Defence Materiel Agency (NDMA) has contracted BMT Defence Services (BMT), a subsidiary of BMT Group Ltd, for consultancy services on the country’s submarine acquisition program. According to BMT, the contract is a framework agreement through which BMT can either conduct stand-alone tasks or provide resources to address any shortfalls in capacity, capability or confidence within […]

  • 25 April 2017
    Authorities, Equipment & technology

    The Royal Thai Government has approved the acquisition of one Chinese Yuan-class submarine for around $US391 million (13.5 billion baht), Thai media reported on Tuesday. Thai Navy wanted to purchase three S26T (T for Thailand) diesel-electric submarines, but the country’s cabinet approved the initial purchase of just one submarine and associated equipment and technology transfer. According to […]

  • 7 March 2019
    Authorities, Equipment & technology, Vessels

    The US Navy has established a new entity that will oversee the construction and fielding of the 12 Columbia-class ballistic missile submarines. The establishment of Program Executive Office Columbia (PEO CLB) was announced on March 6 as the navy’s number one acquisition priority. “This is the Navy’s most important program and establishing a new PEO […]

  • 20 September 2013
    Industry news

    Danish Defence Acquisition and Logistics Organization (DALO) is looking for a contractor to provide sonar equipment for a period of 48 months from the date of the contract award. The framework agreement includes non-exclusive purchase of equipment, support and training needed for navigation sonars. Today Danish Navy vessels sail as patrol vessels in Greenland territorial […]

  • 12 July 2018
    Authorities, Equipment & technology

    Several North Atlantic Treaty Organization (NATO) states intend to combine maritime munition purchases with the aim of lowering acquisition costs by achieving economies of scale. Belgium, France, Italy, Netherlands, Poland, Portugal, and Spain signed a Letter of Intent on Multinational Cooperation for the Provision of Maritime Battle Decisive Munitions (MBDM) in Brussels during the NATO Summit […]

  • 1 November 2011
    Industry news

      General Dynamics  completed its acquisition of Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. The value of the cash transaction has not been disclosed. Metro Machine Corp. now becomes part of the shipbuilding and repair operations of San Diego-based General Dynamics NASSCO, a […]

  • 23 February 2015
    Authorities, Research & Development

    On Friday, February 20, the Australian Government announced the acquisition strategy for the Future Submarine Program which sets out further details of the competitive evaluation process that will be undertaken by the Department of Defence. Submarines are an essential component of Australia’s naval capability and the Government will ensure that the future submarine provides the best […]

  • 25 June 2013
    Equipment & technology

    The U.S. Naval Research Laboratory (NRL) Marine Meteorology Division and Space Science Division have been awarded the Department of the Navy Acquisition Excellence Technology Transition Award presented by Assistant Secretary of the Navy for Research, Development and Acquisition, Sean J. Stackley, May 14, 2013. Recognizing individuals and teams for outstanding contributions in promoting competition and […]

  • 3 April 2017
    Authorities, Industry news

    Germany’s thyssenkrupp Marine Systems officially transformed into an integrated systems provider by completing the acquisition of Atlas Elektronik. The completion of the sale was announced by thyssenkrupp on April 3. The company previously owned a 51 percent stake in the Atlas Elektronik group and has now acquired the remaining 49 percent which were held by Airbus. […]

  • 13 June 2017
    Industry news

    Italian shipbuilder and defense contractor Fincantieri announced it acquired Isselnord to boost its naval services business. The agreement for the initial acquisition of of a majority stake in the company was signed through Fincantieri’s subsidiary company Delfi with full takeover to be completed within a pre-determined time frame. Isselnord is an Italian company operating in […]

  • 29 January 2018
    Authorities, Equipment & technology, Vessels

    The Belgian government on Friday, January 26, decided to give the department of defense its green light for the acquisition of six new mine countermeasure vessels. The order will be placed jointly with the Netherlands Navy which will acquire an identical number of MCM ships. In addition to mine countermeasures, the two countries are collaborating on […]

  • 15 April 2014
    Industry news, Training & Education

    Naval Sea Systems Command (NAVSEA) announced the establishment of the Acquisition and Commonality directorate April 14.   The new directorate, led by Rear Adm. Thomas Kearney, focuses on lowering acquisition costs and reducing the number of unique components such as valves in the Navy’s ships and systems. It also increases the sea service’s ability to […]

  • 29 April 2011

      The Danish Defence Acquisition and Logistics Organization has signed a contract with Terma for the delivery of radar systems for the Danish Navy’s three new frigates of the IVER HUITFELDT class, which are expected to enter operational service in 2013. The radar is intended for surveillance and rescue assignments and helicopter guidance. The first […]

  • 24 February 2017
    Authorities, Equipment & technology, Industry news, Research & Development

    In an effort to accelerate progress on the electromagnetic railgun development, BAE Systems announced the acquisition of Ohio-based IAP Research. Prior to the acquisition, IAP Research was a major BAE Systems subcontractor on the U.S. Navy-led development of an electromagnetic (EM) railgun. The Dayton team, which is part of BAE’s weapons systems business, has more than 35 years […]

  • 2 December 2016

    Members of the U.S. Senate Armed Services Committee have urged lawmakers not to approve the U.S. Navy’s block buy request for the acquisition of frigates and thereby keep oversight of the potentially worrying program. During a Senate Armed Services Committee meeting on Thursday, Paul L. Francis, Government Accountability Office (GAO) managing director, acquisition and sourcing management, said […]

  • 2 October 2014
    Equipment & technology

    Cohort, the independent technology group, has acquired J+S Limited, an independent systems and in-service support provider for the defence and offshore energy markets, from its shareholders for a cash consideration of £12 million. What were the reasons for the acquisition? The acquisition of J+S is in line with the Group’s stated strategy to accelerate its growth […]

  • 16 February 2018
    Authorities, Equipment & technology, Industry news

    Canada and Poland joined a number of their NATO counterparts on a program which could result in a joint acquisition of new maritime anti-submarine and intelligence, surveillance and reconnaissance aircraft. At a signing ceremony at NATO headquarters in Brussels on February 15, defense ministers from France, Germany, Greece, Italy, Spain and Turkey welcomed Canada and Poland […]

  • 19 June 2018
    Authorities, Industry news, Vessels

    The Brazilian Navy is currently in the process of selecting the best bidder for its Tamandaré-class corvette acquisition project and has revealed the list of teams vying for the project in which Brazil is reportedly ready to invest US$1.6 billion.  As revealed by the navy, the contender list includes companies from Ukraine and India, in addition […]

  • 12 June 2014
    Industry news

    Thales Alenia Space announced on June 9 the completion of the acquisition of the space activities of Systems Engineering & Assessment Limited (SEA), part of Cohort plc.   This acquisition will reinforce the perimeter of its new subsidiary Thales Alenia Space UK and will boost its growth in systems engineering and research & technology (R&T). […]

  • 3 July 2019
    Training & Education

    Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD) is leading mobile logistics and the development of emergent repair concept of operations for the NAVSEA Program Executive Offices, Integrated Warfare Systems, Wartime Acquisition Scalable Plan (WASP) tabletop exercise, which kicked off at the Washington Navy Yard on June 18. The exercise simulates battle damage during […]