Left Menu
Development News Edition

Airbus-Lockheed bid to secure foothold in U.S. military market

Devdiscourse News Desk | Updated: 04-12-2018 18:33 IST | Created: 04-12-2018 18:13 IST
Airbus-Lockheed bid to secure foothold in U.S. military market
The agreement kicks off a rerun of an epic battle between the world largest planemakers - Airbus and Boeing - that lasted for nearly a decade and saw two former Boeing executives sent to federal prison for ethics violations. (Image Credit: Twitter)

Almost eight years after losing a historic U.S. Air Force tanker competition to rival Boeing Co, Europe's Airbus is teaming up with a new partner, top U.S. arms maker Lockheed Martin, to pursue billions of dollars of follow-on orders, sources familiar with the matter said.

Airbus and Lockheed signed an agreement in Madrid last week that marks the company's first major bid to secure a foothold in the huge U.S. military market since it's failed 2012 bid to merge with Britain's BAE Systems and its large U.S. unit.

The agreement kicks off a rerun of an epic battle between the world largest planemakers - Airbus and Boeing - that lasted for nearly a decade and saw two former Boeing executives sent to federal prison for ethics violations.


TRENDING

OPINION / BLOG / INTERVIEW

International Day of Non-Violence: Rising crimes against animals call for 'Ahimsa' redux

2020 has seen some of the most horrific incidents of animal-directed violence in India. The only silver lining - if you will - is the wave of backlash that not only sparked awareness for the prevention of animal cruelty, but also a sensibil...

South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

Videos

Latest News

Lucknow bench of Allahabad HC takes suo motu cognizance of Hathras incident

The Lucknow bench of Allahabad High Court has taken suo motu cognizance of Hathras incident and has sought response from state DGP and other senior officials. The Court has sought response from Additional Chief SecretaryPrincipal Secretary ...

Hathras gang rape: JK Mahila Congress holds candle-light protest

The Jammu and Kashmir Pradesh Congress Mahila Congress Committee on Thursday held a candle-light march over the gang rape of a 19-year-old woman in Hathras in Uttar Pradesh and sought an exemplary punishment to the culprits. JK Mahila Congr...

FIR against Rahul, Priyanka, 200 other Cong workers in Noida

The police in Uttar Pradeshs Gautam Buddh Nagar on Thursday said it has lodged an FIR against Congress leaders Rahul Gandhi, Priyanka Gandhi Vadra and around 200 other party workers under The Epidemic Diseases Act for not maintaining social...

Directionless, issueless opposition trying to mislead farmers: Goyal

Union Minister of Commerce and Industries Piyush Goyal on Thursday said a directionless and issueless opposition is trying to mislead farmers of the country over farm laws. The opposition is directionless and is not left with any issue so t...

Give Feedback