Latest Deals

The acquisition includes a 45-acre facility. Credit: Ryan Woolridge / HII

HII has completed the previously disclosed acquisition of the assets of South Carolina-based modules manufacturer W International, although financial details of the deal remain unknown. The acquisition includes a 45-acre facility with more than 480,000ft² of manufacturing space equipped with the necessary manufacturing equipment, tooling, and infrastructure. The site’s location also serves to provide access and availability to barge and rail transportation.

The Franco-German Main Ground Combat System (MGCS) programme has reached a significant milestone with the signing of the shareholder agreement for the MGCS Project Company by KNDS Deutschland, KNDS France, Rheinmetall Landsysteme, and Thales. The MGCS will replace the existing Leopard 2 and Leclerc tanks with a cross-platform system by 2040. This agreement will enable MGCS Project Company to emerge as the industrial prime contractor for the programme’s next phase.

The Ministry of Investment of Saudi Arabia, the General Authority for Military Industries, and Italian aerospace company Leonardo have signed a Memorandum of Understanding (MoU) to develop investment opportunities in the aerospace and defence sectors. Building on the outcomes from a previous MoU signed early in 2024, this agreement seeks to extend industrial partnership, particularly in combat air and helicopters.

Babcock has signed a memorandum of understanding with Finland’s Patria to propose the latter’s 6×6 armoured personnel carrier (APC) for the UK military. Under the agreement, Patria will be responsible for the design and development of the system, incorporating ‘bespoke’ improvements to its current 6×6 model. Concurrently, Babcock is tasked with overseeing the construction process and aligning with the UK Ministry of Defence’s Land Industrial Strategy.