Weekly News Update: Apr 5, 2024
30 Mar - 5 Apr 2024
Good morning,
It’s been a busy week for defense focused investment bankers. The once behemoth of a conglomerate General Electric broke up, spinning off its aerospace business as GE Aerospace. Defense Tech unicorn Shield AI has agreed to buy an Australian company, opening up its way for entry into the Pacific. PE firm Carlyle is looking to sell StandardAero for a price tag around $10Bn. Australian shipbuilder Austal has has rejected a takeover bid from South Koreas Hanwha, while leaving the door open for future reconsideration. Hensoldt has taken over the Germany defense electronics firm ESG. And an Australian firm is looking to buy Brazilian missile maker Avibras. Whew! And that’s not all!
America continues to slow-roll aid to Ukraine and is pushing back against NATO desires to take over the weapons shipping effort to Ukraine; it’s almost as if America wants Russia to win. Speaker of the House Mike Johnson considers using frozen Russian asset to help pay for aid for Ukraine and…
Keep reading with a 7-day free trial
Subscribe to Building Our Future to keep reading this post and get 7 days of free access to the full post archives.