Deals this week: Bristow Group, Northrop Grumman, Space Coast Launch Services

23 February 2018 (Last Updated February 23rd, 2018 12:54)

Aviation services provider Bristow Group Inc has announced the pricing of a private placement of $300m senior-secured notes due in 2023.

Aviation services provider Bristow Group Inc has announced the pricing of a private placement of $300m senior-secured notes due in 2023.

The notes will pay interest semi-annually, until they mature on 1 March 2023.

A portion of the net proceeds from the offering will be used by Bristow Group for the repayment of outstanding borrowings, general corporate purposes, and for collateralisation of outstanding letters of credit.

Northrop Grumman has awarded two purchase orders to CPI Aerostructures for wing components of third and fourth production E-2D Advanced Hawkeye airborne early-warning and control (AEW&C) aircraft being sold to Japan.

CPI will supply structural assemblies and kits for the outer wing panel (OWP) of the third and fourth production E-2D aircraft.

The total value of the purchase orders is $55m.

The UK Ministry of Defence signed a £260m ($365.8m) foreign military sale contract with the US Government to support the fleet of C-17 Globemaster III heavy-lift transport aircraft operated by the Royal Air Force (RAF).

The US will deliver design services, spare parts, maintenance enhancements, and reliability to improve operational capability of the RAF’s eight C-17A aircraft.

“The 3DAS will improve the F-16 aircraft’s self-protection capability and situational awareness.”

The deal will support more than 50 jobs in the UK.

Space Coast Launch Services LLC has secured a contract modification worth $11.8m to support the Cape Canaveral Air Force Station in Florida, US.

The contractor will provide operations, maintenance and engineering support services to critical launch, spacecraft and ordnance facilities of the US Air Force’s 45th Space Wing.

Awarded by the 45th Contracting Squadron, Patrick Air Force Base, the contract is expected to close by September.

Terma North America has been awarded a $44.3m contract by the US Air National Guard / Air Force Reserve to supply a 3D-Audio System (3DAS) for F-16 aircraft fleet.

The contractual work will be performed at the company’s facilities in Denmark until January 2024.

The 3DAS will improve the F-16 aircraft’s self-protection capability and situational awareness.