Qantas has finalised the sale of its defence arm to the local subsidiary of US defence and aerospace firm Northrop Grumman.
Under the deal, Northrop Grumman Australia acquires Qantas Defence Services, a business with a turnover around $100 million last year, for a reported $80 million.
This sale was foreshadowed in August last year.
Qantas Defence Services will now be called Northrop Grumman Integrated Defence Services.
"Northrop Grumman IDS enhances our in-country footprint and local capabilities and demonstrates our commitment to the Australian and regional defence markets," Ian Irving, North Grumman Australia chief executive, said in a statement.
"We expect this to be an important platform for international growth in our key focus areas of unmanned, cyber, C4ISR, and logistics and modernisation."
Qantas Defence Services employed about 500 people with contracts to support a range of RAAF aircraft and systems. The company also leases and maintains the RAAF's two Boeing VIP transport aircraft.
