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Paramount's stock closed down more than 8% on Thursday after a 16% surge the day prior following reports the company has entered into exclusive merger talks with David Ellison's Skydance Media.The ...
Paramount announced that it had sold a total of nine aircraft to two unnamed countries and that the first would be delivered immediately; the announcement was made at Africa Aerospace and Defence show on 21 September 2022. This marks the first sale of the aircraft and South Africa's first sale of a fixed-wing aircraft in 20 years. [22]
Paramount's M&A rumor mill. Paramount has long been viewed as a potential acquisition target due to its small size relative to competitors. The company boasts a current market cap of just about ...
Since 2006, Paramount Group has been expanding its presence in the aerospace sector. During 2011, the company unveiled the AHRLAC (Advanced High Performance Reconnaissance Light Aircraft), a long-range reconnaissance and surveillance aircraft; it is the first military fixed-wing aircraft to be designed and built indigenously in Africa.
Paramount Global stock climbed as much as 8% on Thursday, closing up about 5%, following more M&A reports — this time on news that production studio Skydance Media wants to take all of Paramount ...
Aerosud is a group of companies with Aerosud Holdings as the parent company. The group is a South African aeronautical engineering and manufacturing company. Aerosud Aerospace was renamed Paramount Aerospace following its acquisition by Paramount Group and Aerosud Innovation and Training Centre (ITC) was incorporated in the AHRLAC Holdings Ahrlac of companies during a 2014 restructuring.
Paramount Global has set up a special committee to explore the deal. The companies are in exclusive talks to pursue a deal until May 3, though that window could be extended.
Originally designed by Paramount Group in South Africa as the AHRLAC, the Bronco II is a new aircraft designed from the outset for close air support, rather than being modified from an existing design, like its competitors. Despite the name "Bronco II," the aircraft is a new design, not a descendant of its namesake, the OV-10 Bronco. The Bronco ...