SEOUL — Hanwha Systems Co., the defense and ICT unit of South Korean conglomerate Hanwha Group, said Monday it signed a contract to supply its indigenous combat management system to the Philippine Navy, in a deal valued at US$33 million.

The combat management system (CMS) will be installed in t…

PROVIDENCE, R.I. — Textron Inc. today announced that it has closed its acquisition of PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L., known collectively as Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft.

Pipistrel’s Veli…