Falko, the company formed with the backing of New York-based Fortress Investment Group to acquire BAE Systems’ regional aircraft portfolio, plans to pursue a strategy whereby it will purchase regional aircraft for leasing to its customers–a complete about-face to BAE’s approach, which centered on managed disposal of a once-vast fleet numbering more than 500 aircraft.
BAE Systems completed its $187 million sale of its regional aircraft, asset-management business on July 15, marking the official launch of a new leasing entity known as Falko.
ITT Corp. will spin off its defense segment into a standalone business–ITT Exelis–later this year. The new company will be based in McLean, Va., and led by David Melcher, currently president of ITT Defense and Information Solutions, as CEO. The company’s 2011 revenue is estimated at $5.8 billion. Christopher Bernhardt will continue to lead the Electronic Systems unit in Clifton, N.J.
BAE Systems and design consultancy Design Q have unveiled their latest interior concept for the Avro Business Jet, the ABJ Elegante.
Designed with “space and grandeur,” the Elegante is the fourth of five interiors commissioned by BAE from Worcestershire-based Design Q for different executive aircraft market segments.
BAE Systems has announced a plan to implement a new “regionalized” strategy to support the Latin American market, where some 90 of its aircraft are now in service with nearly 40 operators. The company unveiled the new support strategy at its first ever Americas operators’ conference, held in Lima, Peru, May 23 and 24.
NATO’s Operation Unified Protector has given the Eurofighter Typhoon the opportunity to finally make its combat debut, with both the British Royal Air Force (RAF) and Italian air force aircraft involved in the operation. RAF operations over Libya have been mounted by a six-aircraft detachment at Gioia del Colle in southern Italy, from where they are operating alongside 12 Panavia Tornado GR.Mk 4s.
UK-based Beagle Technology Group (Hall 2B Stand G149) has restructured and changed its name from Beagle Aerospace. The new organization now comprises six new Beagle companies: maintenance, repair and overhaul; aerospace; defense, composites; treatments and precision.
Here at the Paris Air Show, Beagle (UK Pavilion) is showcasing its thrust-reverser overhaul capability and several other components for the first time this week.
BAE Systems brings its Hawk Advanced Jet Trainer (AJT) to the Paris Air Show seeking to extend the life of its hugely successful trainer, which has already trained around 20,000 pilots. There are plenty of opportunities for the Hawk AJT, including the potentially massive T-X requirement for a T-38 replacement for the U.S. Air Force.
Selex Galileo is the largest supplier of airborne electronic warfare (EW) equipment in Europe, and third only in the world behind BAE Systems North America and Northrop Grumman. This part of the Italian group’s business is in the hands of UK-based operation, which now boasts annual revenues of nearly £600 million ($980 million) and an order book of well over £1 billion ($1.64 billion).