Tag: deal (Page 11 of 11)

Lockheed Martin Lands $22.7 Billion 255-Jet Fighter Order

November 19, 2018 / WIL BALDWIN

Let the shareholders rejoice: Lockheed Martin‘s (NYSE: LMT) F-35 Lightning II fighter jet contracts are getting bigger — and bigger.

In September, Reuters reported on a Pentagon deal to buy what it called at the time “the biggest batch yet” of Lockheed Martin’s joint strike fighter – 141 fighter jets valued at $11.5 billion. To win such a big order, Lockheed lowered its average F-35 cost to $81.6 million. With engine and other incidental costs factored in, flyaway costs were a bit higher. Lockheed’s F-35B variant flyaway cost $115.5 million, its F-35C cost $107.7 million, and the F-35A ended up at $89 million. Still, as Lockheed noted at the time, this contract offered the “lowest per-aircraft price in program history,” which undoubtedly helped Lockheed seal the deal.

Big as that sale was, however, the contract Lockheed just won easily eclipses it.

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Lockheed Martin Lands 255-Jet Fighter Order

Image from lockheedmartin.com

Norwegian Air Deal For Potential $1 bln Cash Infusion

October 25, 2018 / WIL BALDWIN

Oct 25 (Reuters) – Norwegian Air Shuttle ASA is closing in on a deal to provide a potential $1 billion cash infusion to help it navigate increasing fuel prices and the slow winter period, Bloomberg reported on Thursday, citing people familiar with the matter.

The company said it is in “advanced discussions” with an unnamed partner to create a fleet joint venture that would take over cash obligations on its large aircraft order book, according to reports.

The potential deal will include an initial 8 billion Norwegian krone injection to help the Oslo-based carrier cover for payments it has made for Boeing Co and Airbus SE aircraft, Bloomberg reported.

Norwegian Air declined to comment.

(Reporting by Rishika Chatterjee in Bengaluru; Editing by Shounak Dasgupta)

Boeing to acquire KLX for $4.25 billion

May 3, 2018 / WIL BALDWIN

The world’s largest aerospace company has agreed to purchase Wellington-based KLX Inc. in a $4.25 billion deal announced early Tuesday.

Boeing Co. (NYSE: BA) plans to buy the local company at about half a billion dollars above KLX’s reported market value with the goal of expanding its aircraft services business. The all-cash transaction comprises $63 per share of KLX (Nasdaq: KLXI) and the assumption of $1 billion in debt. It’s expected to close by the third quarter of 2018 and is subject to regulatory approvals.

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Boeing to acquire KLX for $4.25 billion