BENGALURU (Reuters) – Russia is confident it can sign a long-delayed final agreement with India this year to jointly produce a new generation stealth fighter jet, the aircraft manufacturer’s president said on Thursday.
Russia and India have been haggling over the terms of the Fifth Generation Fighter Aircraft (FGFA) programme since the two countries first signed an initial contract in 2010.
BENGALURU, Feb 19 (Reuters) – Russia is confident it can
sign a long-delayed final agreement with India this year to
jointly produce a new generation stealth fighter jet, the
aircraft manufacturer’s president said on Thursday.
Russia and India have been haggling over the terms of the
Fifth Generation Fighter Aircraft (FGFA) programme since the two
countries first signed an initial contract in 2010.
By Sweta Singh and Sagarika Jaisinghani
BENGALURU(Reuters) – Sikorsky Aircraft Corp, a unit of United Technologies Corp (UTX.N: Quote, Profile, Research), is keen to sell VVIP transport helicopters to the Indian government, a company executive told Reuters.
India cancelled a $770 million deal for 12 VVIP helicopters – used to carry high-ranking officials – with Italian defence group Finmeccanica’s (SIFI.MI: Quote, Profile, Research) AgustaWestland unit last year over a corruption scandal.
BENGALURU, INDIA (Reuters) – India will decide on the fate of a long-delayed deal for 126 Dassault(AVMD.PA: Quote, Profile, Research) Rafale fighter jets only after March, Defence Minister Manohar Parrikar said on Wednesday.
The ministry’s Contract Negotiations Committee (CNC) should report back by early March, Parrikar told a media conference at the Aero India airshow in Bengaluru.
Feb 17 (Reuters) – Starwood Hotels & Resorts Worldwide Inc
said Chief Executive Frits van Paasschen had stepped
down, a week after the hotel operator announced the spinoff of
its timeshare business.
Starwood, the owner of the St. Regis and Sheraton hotel
brands, named Director Adam Aron, 60, as interim CEO and said it
was looking internally and externally for a permanent CEO.
By Sagarika Jaisinghani
(Reuters) – XPO Logistics Inc (XPO.N: Quote, Profile, Research) has bought home delivery company UX Specialized Logistics for $59 million in cash to tap into the booming e-commerce market in North America.
XPO estimates “last mile” delivery services, which involve transporting goods from warehouses to either a home or a retailer, to be a $13 billion market in North America.
By Esha Vaish and Sagarika Jaisinghani
(Reuters) – British drinks can maker Rexam Plc (REX.L: Quote, Profile, Research) said it is in talks to be bought by U.S. rival Ball Corp (BLL.N: Quote, Profile, Research) for 4.3 billion pounds ($6.6 billion), a deal that would form an industry giant better equipped to withstand rising aluminum costs.
Rexam said it had received a proposal from Broomfield, Colorado-based Ball valuing it at 610 pence per share. Rexam’s London-traded shares closed significantly lower, at 541.5 pence.
Feb 3 (Reuters) – U.S. diversified manufacturer Eaton Corp
Plc posted higher-than-expected quarterly profit on
Tuesday helped by higher margins, sending its shares up more
than 8 percent.
The maker of electrical and power products reported that its
overall segment profit margin for the fourth quarter rose to
15.9 percent from 14.6 percent a year ago.
Jan 29 (Reuters) – Northrop Grumman Corp, maker of
Global Hawk surveillance planes, forecast 2015 earnings above
analysts’ estimates as the company increases its exposure to
international markets in the face of declining U.S. defense
Northrop’s shares rose as much as 4 percent after the U.S.
weapons maker also reported better-than-expected fourth-quarter
results and said order backlog increased 3 percent.
Jan 29 (Reuters) – U.S. weapons maker Raytheon Co on
Thursday forecast 2015 revenue largely below average analyst
expectations as orders fell, and said profit margins would drop
further to just over 12 percent, sending its shares down 5
The maker of the Tomahawk missile and the Patriot missile
defense system said it expected revenue to grow modestly in
2016, with further growth seen in subsequent years.