US Army partners with Global Military Products to surge munitions production
Global Military Products was selected by the US Army to operate the Quad Cities Cartridge Case Facility and ramp up the production of various calibre shell cases.
Parker-Hannifin completes Meggitt acquisition
One of Meggitt's defence contracts was awarded in 2019 to provide palletised cooling units for USN P-8A Poseidon aircraft. (Photo: Meggitt)
US-based Parker Hannifin says its acquisition of Meggitt brings complementary capabilities to its portfolio.
US company Parker-Hannifin Corporation announced on 13 September that it has completed its acquisition of UK-based Meggitt for about £6.3 million ($7.26 million).
Meggitt posted revenues of £1.63 billion for the 12 months ended 30 June 2022. The company’s technology is installed on ‘almost every major aircraft platform’, Parker-Hannifin stated.
Tom Williams, chairman and CEO of Parker-Hannifin, said: ‘Meggitt’s complementary product portfolio and geographic footprint, as well as its proprietary and differentiated technologies, will significantly enhance Parker’s capabilities, positioning us to provide a broader suite of solutions for aircraft and aero-engine components and systems.’
The original announcement of the pending deal in August 2021 prompted concerns over the loss of UK sovereign industrial capability, prompting the UK government to order a review by the Competition and Markets Authority.
You may also like
More from Defence Notes
-
![US Army partners with Global Military Products to surge munitions production]()
-
![Growing a digital backbone: an essential capability for the multi-domain battlespace]()
Growing a digital backbone: an essential capability for the multi-domain battlespace
Future operational superiority will be defined by the ability to connect systems, data and personnel into a wider network. For armed forces, this creates the need for a digital backbone that integrates and enhances sensors and effectors of all kinds.
-
![Estonia opts for smart, adaptable and cooperative solutions in the face of Russian threat]()
Estonia opts for smart, adaptable and cooperative solutions in the face of Russian threat
Estonian-made equipment is being put through the toughest of evaluations in the hands of Ukrainian soldiers resisting the full-scale Russian invasion which began in 2022. The country has long seen the threat and is continuing to adapt for the future.
-
![Estonia boosting defence industry with lessons from Ukraine, says country’s economic minister]()
Estonia boosting defence industry with lessons from Ukraine, says country’s economic minister
Estonia is looking to boost its local defence industry with directed funding, industry parks, support through international orders for equipment and rapid prototyping.
-
![UK faces cost of balancing defensive capabilities abroad as Iran conflict widens]()
UK faces cost of balancing defensive capabilities abroad as Iran conflict widens
The UK has recently deployed a Type 45 destroyer to Cyprus and has bolstered its presence in the Middle East in recent weeks with supporting air power to protect neighbouring countries’ air defences.
-
![White House calls on Pentagon contractors to “rapidly and aggressively” boost weapon production]()
White House calls on Pentagon contractors to “rapidly and aggressively” boost weapon production
Intended to sustain Operation Epic Fury against Iran, efforts to increase the production of weapons and ammunition could expose long-standing weaknesses in the US defence industrial base.
