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SP's MAI Issue No. 15 | August 01-15, 2014 - Corporate Updates

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  CORPORATE
  Boeing and Paramount Group collaboration

  The agreement, signed during the annual Farnborough Air Show, will allow Boeing and Paramount to apply their complementary strengths in providing aircraft and land systems solutions...

• CORPORATE
  Airbus Group acquires Salzburg München Bank

  Airbus Group closed the acquisition of Salzburg München Bank AG from Raiffeisenverband Salzburg on 25 July 2014, allowing the aeronautics and space group to establish its company bank in order to provide additional financing options.

• CORPORATE
  Poland's Teldat signs LoI with Raytheon

  Raytheon Company signed a Letter of Intent (LoI) with Poland’s TELDAT to cooperate in mutually beneficial business opportunities related to Poland’s air defense architecture, as well as significant exports to global markets.

• CORPORATE
  Rockwell Collins sells military ground-based satellite communications portfolio

  Rockwell Collins announced it has completed the sale of its satellite communications business. The business, which designs, manufactures and services ground-based satellite communication systems primarily for military customers, will be renamed DataPath, Inc.

• CORPORATE
  Saab acquires TKMS AB (Kockums)

  Defence and security company Saab’s acquisition of the Swedish shipyard Thyssen Krupp 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.