http://www.janes.comA special collection of articles covering Financial Information.en-gbCopyright: (C) Jane's Information Group. All rights reserved.http://www8.janes.com/public/images/janes_rss.gifhttp://www.janes.comVisit http://www.janes.comhttp://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41523.htm@current&Prod_Name=JDWElectronic components supplier Arrow Electronics has agreed to buy AE Petsche: a US-based supplier of speciality wires, cables and relays for the aerospace and defence sectors. While Arrow did not disclose the terms of the agreement, it said the acquisition is expected to add earnings per share of between USD0.1 and USD0.12 in 2010. Based on comparable acquisitions in the sector and the expected contribution of AE Petsche to earnings, Jane's believes a transaction price in the region of USD80... - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41495.htm@current&Prod_Name=JDWSaudi Arabia is looking to reclaim momentum in defence research and development as one of the world's leading arms buyers by incorporating joint ventures in support of its major procurement programmes. BAE Systems was awarded a three-year, GBP500 million service support contract in October for the Saudi Typhoon fleet, which is eventually to number 72 aircraft - 48 of which will be assembled in Saudi Arabia at the Alsalam facility. The company - a joint venture between Boeing, Saudi Arabian ... - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41499.htm@current&Prod_Name=JDWThe Indonesian government has commenced a programme to draw up a comprehensive list of armed forces requirements over the next decade and beyond in a move partly aimed at boosting domestic defence industry development. Commodore Sudi Haryono, director for technology and industry in the Indonesian Ministry of Defence's Directorate General of Defence Facilities, told Jane's on 19 November that the inventory is expected to be completed in the next few months. "For equipment in the inventory that... - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41520.htm@current&Prod_Name=JDWLockheed Martin is planning to expand its business in Australia over the next few years to triple both the number of people it employs and its in-country revenues, according to Paul Johnson, chief executive officer of the company's Australian business. Speaking to Jane's on 13 November, Johnson explained that Lockheed Martin Australia's strategy for expansion was multi-tiered, encompassing partnerships with other leading firms and small and medium enterprises (SMEs) as well as possible future... - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41496.htm@current&Prod_Name=JDWThe new Greek Defence Minister, Evangelos Venizelos, confirmed on 13 November that the three boats, located at TKMS' Greek subsidiary, Hellenic Shipyards, in Skaramangas near Athens, would be accepted and that the navy was eager to initiate sea trials for the trio. Jane's reported on 16 October that Hellenic Shipyards was in financial difficulty following the cancellation of the Archimedes programme (for the four Type 214 submarines) and the Neptune II programme (for the upgrade of three Type... - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80142.htm@current&Prod_Name=JDINFrench propulsion and defence systems group Safran has completed its inaugural bond issue, raising EUR750 million (USD1.1 billion) with a view to funding continued growth. With regard to Safran's likely direction of growth following the EUR750 million placement, Jane's believes the group's recent acquisitions activities provide a clue. Safran concluded the half year to 30 June 2009 with cash and cash equivalents of EUR889 million, and net debt of EUR690 million. - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41472.htm@current&Prod_Name=JDWUS private equity firm JF Lehman & Company has agreed to sell guidance and navigation systems specialist Atlantic Inertial Systems to Goodrich Corporation for USD375 million. Atlantic will be integrated within Goodrich's Sensors and Integrated Systems business within its Electronic Systems unit. Atlantic Inertial Systems comprised BAE Systems' Inertial Products business (which was housed within what was then the Electronics & Integrated Solutions unit). - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80141.htm@current&Prod_Name=JDINChemring has raised USD280 million through the placement of loan notes with insitutional investors in order to fund the acquisition of Hi-Shear Technology - the group's largest purchase to date. A total of USD80 million will mature in November 2016, followed by USD200 million in November 2019. In addition to funding the purchase of Hi-Shear Technology, Chemring said it would repay existing short- and medium-term debt and provide additional working capital facilities for the group. - 2009/11/20 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41493.htm@current&Prod_Name=JDWA majority of the European Defence Agency's (EDA's) 26 member nations have agreed to pool their military air transport assets to boost Europe's airlift capabilities, after nearly two years of preparation. The envisaged European Air Transport Fleet (EATF) aims to achieve initial operating capability by as early as 2014, EDA Chief Executive Alexander Weis told reporters in Brussels after the signing ceremonies. The work groups will also study how the EATF should liaise with other air transport ... - 2009/11/19 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80137.htm@current&Prod_Name=JDINCorporate credit ratings agency FitchRatings has downgraded its outlook for Thales from stable to negative, arguing that the defence electronics giant "may come under continued pressure in the short term" and may also "find it challenging to improve its operating margins and cash flow". Thales' A- (long-term credit rating) and F2 (short-term rating) status was affirmed, however. The A- suggests that FitchRatings believes Thales' long-term debt is of investment grade, although a higher risk ... - 2009/11/19 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80128.htm@current&Prod_Name=JDINThe Indonesian government has commenced a programme to draw up a comprehensive list of armed forces requirements over the next decade and beyond in a move partly aimed at boosting domestic defence industries' development. Commodore Sudi Haryono, director for technology and industry in the Indonesian Ministry of Defence's Directorate General of Defence Facilities, told Jane's on 19 November that the inventory is expected to be completed in the next few months. "For equipment in the inventory ... - 2009/11/19 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jni/history/jni2009/jni73270.htm@current&Prod_Name=JNISouth Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has recorded strong sales and profit figures during the third quarter of Fiscal Year 2009 (3Q09) due to more favourable market conditions, the company said. DSME said on 18 November that 3Q09 sales climbed 25 per cent in comparison with the corresponding period last year to KRW9.2 trillion (USD7.9 billion), while net income surged more than 300 per cent compared with 3Q08 to KRW494 billion. The company has previously said that it ... - 2009/11/19 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80126.htm@current&Prod_Name=JDINSouth Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has recorded strong sales and profit figures during the third quarter of Fiscal Year 2009 (3Q09) due to more favourable market conditions, the company said. DSME said on 18 November that 3Q09 sales climbed 25 per cent in comparison with the corresponding period last year to KRW9.2 trillion (USD7.9 billion), while net income surged more than 300 per cent compared with 3Q08 to KRW494 billion. The company has previously said that it ... - 2009/11/19 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80122.htm@current&Prod_Name=JDINUS-based Global Defense Technology and Systems expects to raise around USD40.4 million from its initial public offering (IPO), as it focuses on developing market share in intelligence and counter-terrorism products. A part of the Global Strategies Group, Global Defense Technology and Systems - which specialises in defence and national security solutions - said it plans to use the money raised from the IPO to repay loans as well as to help fund acquisitions. Global Defense Technology and ... - 2009/11/18 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80123.htm@current&Prod_Name=JDINElectronic components supplier Arrow Electronics has agreed to buy AE Petsche, a US-based supplier of speciality wires, cables and relays for the aerospace and defence sectors. The group's most recent purchase in the defence sector (prior to the agreement to buy AE Petsche) was the February 2008 buyout of defence and aerospace electronics components distributor, ACI Electronics. "With this acquisition," Arrow said in a statement, "AE Petsche will expand Arrow's product offering in speciality ... - 2009/11/18 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80112.htm@current&Prod_Name=JDINUS private equity firm JF Lehman & Company has agreed to sell guidance and navigation systems specialist Atlantic Inertial Systems to Goodrich Corporation for USD375 million, representing a USD235 million premium in comparison with the USD140 million JF Lehman paid for the former BAE Systems subsidiary in 2007. Atlantic will be integrated within Goodrich's Sensors and Integrated Systems business, within the Electronic Systems unit. Atlantic Inertial Systems comprised BAE Systems' Inertial ... - 2009/11/18 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80111.htm@current&Prod_Name=JDINUK support services company VT Group is keen to acquire the UK Ministry of Defence's (MoD) Defence Support Group (DSG) should it be put up for sale under UK government moves to shrink defence procurement costs. Currently, the UK accounts for 69 per cent of VT's business (of which the MoD represents 40 per cent and the UK public sector 29 per cent), while the US (Department of Defense and wider government) and other geographical markets respectively generate 27 per cent and 4 per cent of group... - 2009/11/17 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80103.htm@current&Prod_Name=JDINLockheed Martin is planning to expand its business in Australia over the next few years to triple both the number of people it employs and its in-country revenues, according to Paul Johnson, chief executive officer of the company's Australian business. A fourth element why Australia is such an attractive market for Lockheed Martin is its business environment, said Johnson. As Lockheed Martin Australia continues its expansion the company has adopted a philosophy that Johnson said supports the ... - 2009/11/17 00:00:00http://www8.janes.com/JDIC/JDIM/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80099.htm@current&Prod_Name=JDINEADS recorded almost static sales in the third quarter of 2009, but its earnings fell into the red as the company gave warnings about further negative impacts relating to its A400M military transport aircraft programme. Airbus Military, which includes the A400M programme, recorded EADS' biggest revenue decline in the third quarter, as sales by the division plummeted by 26 per cent to EUR782 million (formerly EUR1.05 billion). Revenues from EADS' Defense & Security division fell 14 per cent to... - 2009/11/16 00:00:00