U.S. private equity firm Advent International has agreed to pay 4 billion pounds ($5 billion) to buy Cobham, the British defense and aerospace group known for its pioneering air-to-air refueling technology.
China's Huawei Technologies launched on Monday what it said was the world's first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the sector for self-driving technology.
Japan said on Monday it had picked Lockheed Martin Corp. to build a powerful new $1.2 billion radar for two ground-based Aegis ballistic missile defense stations meant to guard against North Korean missile strikes.
Aerospace supplier United Technologies Corp (UTC) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc., the companies said on Monday, in a deal that bulks up UTC’s power with plane makers by creating one of the world’s largest makers of civilian and defense aircraft components.
The U.S. government should require automakers to offer advanced safety features like lane departure warning in all passenger vehicles and commercial trucks to prevent accidents, the National Transportation Safety Board said.