DaimlerChrysler will sell its jet engine division MTU to U.S. private equity firm Kohlberg, Kravis Roberts, the company announced today. Although terms of the deal were undisclosed, sources said KKR will pay about $1.43 billion, plus the assumption of debt.
Tactics are cited as the best way for helicopters to evade rocket-propelled grenades. But California-based Innovative Survivability Technologies and Nevada-based U.S. Global Nanospace are examining whether technology they have developed to protect land-based military vehicles from attacks might also be applicable to helicopters.
Rolls-Royce is ready to send more of its research and technology work to the U.S. or Germany if government funding in the U.K. doesn't improve. The jet engine manufacturer already does 56% of its product development overseas.
Boeing has confirmed 65% of the work on its new 7E7 jet will be outsourced. While the final assembly location for the new plane will not be chosen until late 2003 or early 2004, the Boeing facility in Everett, Wash. will be the center for development and design.
As the U.S. faces changes in the way military operations are planned and fought, plans for a new, networked, more lightweight defense system are underway. In the U.S., Boeing and Science Applications International Corporation are leading an industry team for the U.S. Army program that has been named Future Combat Systems, or FCS.