SPAIN > Argentinian firm – Satellogic is set to create 100 jobs in Barcelona, Spain by 2020

Satellogic logo With the opening of the central offices for Europe, Argentina based Satellogic is set to create 100 jobs in Barcelona, Spain by 2020. Complementing the international headquarters in Buenos Aires (Argentina), San Francisco (United States), Montevideo (Uruguay) and Tel Aviv (Israel)., this is the fifth head office for Satellogic. According to the Chief Data Scientist of Satellogic and head of More …

INDIA > USA based LockHEEd MArtin and India based TATA joint venture, Tata Lockheed Martin Aersostructures Limited bring new cutting edge aerospace technology creating 80 new jobs

lockheed martin logo A joint venture between Tata and Lockheed Martin, Tata Lockheed martin Aerostrucutres Limited (TLMAL) is set to bring new cutting edge technology to aerospace industry in india. Pushing Government’s “Make in India” movement the new state of the art metal to metal bonding facility will create 80 additional jobs.  The state of the art facility will be located at Adibatla, More …

ROMANIA > Romania agrees to purchase Raytheon’s Patriot from the U.S. Army spending 2% of its GDP on defense

Raytheon logo Romania has signed an agreement to purchase Raytheon’s Patriot from the U.S. Army paving way for Romania’s Patriot force to rapidly reach Initial Operational Capacity. A purely defensive system that is also the backbone of NATO’s defense including thirteen other nations including the U.S and European nations such as Germany, Greece, the Netherlands, Spain, Patriot is defense against ballistic and More …

TAIWAN > UK based MB Aerospace is set to acquire Taiwan based Asian Compressor Technology Services Company Limited (ACTS)

mb aerospace logo MB Aerospace is set to acquire Taiwan based Asian Compressor Technology Services Company Limited (ACTS) likely to be completed by January 2018. The business will trade as MB Aerospace ACTS (Taiwan) after the completion of the deal. Founded in 1995 as a joint venture by Pratt & Whitney, China Airlines and Singapore Airlines Engineering Company, ACTS provides in- house repair More …

INDIA > US based WRV Capital raises Rs. 120 crore ($18.4 million) for Tonbo Imaging

tonbo-4 Tonbo Imaging, a startup that has partnered with the Indian military and has been valued north of Rs. 400 crore ($ 62 million), has raised Rs 120 crore ($18.4 million)  in series –B funding led by WRV Capital along with Qualcomm Ventures and Edelweiss Private Equity. Tonbo Imaging has annual revenue of more than Rs 100 crore ($15.3 million), was More …

FRANCE > China Eastern to purchase 10 percent stake in Air France KLM for $438 million

China-eastern_logo In a first of its kind investment by a China’s state-owned airlines carrier, China Eastern Airlines Corp Ltd is buying a 10 percent stake in Europe’s Air France KLM SA for 375 million Euro ($438 million) according to Reuters. Delta, which holds a 3.2 percent stake in China Eastern, is also buying a 10 percent stake in Air France KLM. According More …

USA > Norway based logistic firm, Nammo, to establish logistic center in Missouri, USA

Nammo154px Nammo, a Norway-based international aerospace and defense company, is slated to establish a logistic center in Sedalia, Missouri (near Kansas City). According to Area Development, Nammo will be housing its newly formed subsidiary – Capstone Precision Group – by investing approximately $1 million for 30,000 square foot facility, to be operational by December 2017. Area Development reports that this facility More …