June 10, 2022 | International, Naval
Navy SEALs new underwater stealth vehicle? | MilTech
The sleek submersible that delivers Navy SEALs from ships and submarines to onshore locations has been in service for decades. Now, the fleet wants new ones.
April 30, 2020 | International, Aerospace
Airbus reports $515M in first-quarter losses
By: Angela Charlton, The Associated Press
PARIS — Airbus says the aviation industry's unprecedented troubles are just beginning.
The European manufacturing giant reported €481 million (U.S. $515 million) in losses in the first quarter, put thousands of workers on furlough and sought billions in loans to survive the coronavirus crisis. And its CEO said Wednesday it's still at an “early stage.”
Even after virus-related travel restrictions eventually ease, Chief Executive Guillaume Faury acknowledged it will take a long time to persuade customers to get back on planes. Just how long, he can't predict.
“We are in the gravest crisis the aerospace industry has ever known,” Faury said. “Now we need to work as an industry to restore passenger confidence in air travel as we learn to coexist with this pandemic.”
Images shared online of packed planes and maskless, elbow-to-elbow passengers on U.S. flights — despite virus protection guidelines - have worried travelers and airline unions alike. International travel restrictions, meanwhile, have grounded thousands of planes worldwide.
Faury insisted that airplanes are “probably the best place to be” during a virus outbreak because of air filtration systems put in place after previous virus outbreaks and other threats, but said Airbus will work with aviation authorities to try to calm the public.
Shares in Airbus and Boeing have dropped some 60 percent this year as customer airlines collapse or seek billions of dollars in government bailouts.
Airbus was unable to deliver 60 planned planes in the quarter because of virus-related problems, and said the second quarter looks similarly rough. Customers are asking for delays, which Faury called “the biggest issue we are managing at the moment.”
Airbus executives expressed hope Wednesday that deliveries could start picking up in the second half of the year. But they refused to issue long-term guidance given that the virus is still spreading, and that governments are reluctant to relax international travel restrictions.
U.S. rival Boeing is facing similar woes. Boeing's CEO said Monday that it will take years for the aircraft-building business to return to levels seen before the coronavirus pandemic.
Airbus has slashed production by a third since the virus hit, and Faury said Airbus will study “resizing” the company after the crisis ebbs — a worrying prospect on a continent where Airbus has factories in four countries and is one of the region's industrial leaders.
Already 3,000 Airbus workers in France are on temporary unemployment and the number is expected to grow. In addition, 3,200 workers in the U.K. are on furlough and negotiations are under way to put thousands of German workers on short work plans.
A recent letter by Faury warning workers that the company is “bleeding cash” was a shock to many. But Frederic Romain of French union CFTC said “the situation requires transparency. It allows workers to open their eyes” to what's ahead.
“Fears? We have a lot of them. For the moment we don't have a clear vision of what awaits us," Romain said.
Airbus reported a 15 percent drop in revenues to €10.6 billion in the first quarter.
Looking longer term, Faury insisted that Airbus remains committed to reducing airplane emissions but said it's “less urgent” than before the coronavirus crisis because the company has more pressing problems to solve. “For practical cash reasons," Airbus has stopped or suspended some projects aimed at “decarbonizing” its production, he said.
https://www.defensenews.com/industry/2020/04/29/airbus-reports-515m-in-first-quarter-losses/
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September 13, 2022 | International, Land, C4ISR
How the Army is tackling these six goals for future wars
Secretary of the Army Christine Wormuth shared areas the Army must improve for its future combat needs.
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August 17, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
Turkish industry prospers, but foreign relations are limiting its potential
By: Burak Ege Bekdil   ANKARA, Turkey — The official numbers are impressive. In President Recep Tayyip Erdogan's narrative, the number of Turkish defense industry programs rose from 62 in 2002 to 700 today. In the same period, the number of defense and aerospace companies rose from 56 to 1,500. The government was administering $5.5 billion worth of programs then; now this is at $75 billion. Local industry turnover rose from $1 billion to $10.8 billion; and exports jumped from a mere $248 million to more than $3 billion. Two Turkish companies that weren't on the Defense News Top 100 list last year have made their way onto the list this year, making the total number of Turkish firms on the list to seven, from five the year prior. Those companies are military electronics specialist Aselsan (48th on the list), Turkish Aerospace Industries (53th), armored vehicles maker BMC (89th), missile maker Roketsan (91st), military technologies specialist STM (92nd), armored vehicle maker FNSS (new this year at 98th) and military software specialist Havelsan (new this year at 99th). Of the seven, five are government-controlled companies. BMC, a Turkish-Qatari partnership, and FNSS are privately owned. A success story, by any criteria. Thanks to which, according to the Turkish government, the country's dependence on foreign defense systems plunged from 80 percent to 30 percent. Erdogan says he aims to end dependency on foreign systems by 2023, the centennial of the Turkish republic. However, while the Turkish defense industrial base has made progress, there have been lingering roadblocks along the way. It can be difficult to determine the percentage of foreign input in a system. And what the Turkish authorities portray as “indigenous systems” (or 100 percent national systems, in local jargon) are often not. One of the major weaknesses of the Turkish industry is the lack of engine technology. For instance, one of Turkey's most prestigious “indigenous” programs, the Altay tank, is struggling to make progress, despite a serial production contract, due to the lack of a power pack — the engine and the transmission mechanism. Similarly, Turkey's most ambitious indigenous program — the design, development and production of a national fighter jet, dubbed TF-X — appears stalled, as Turkish aerospace authorities are yet to find an engine for the planned aircraft. The TF-X program was officially launched in December 2010. In January 2015 then-Prime Minister Ahmet Davutoglu announced that the planned fighter would have a twin engine. That was when the search for an engine began. The amphibious assault ship TCG Anadolu, the Turkish Navy's flagship vessel under construction with license from Spain's Navantia, is progressing as planned, but industry experts say it is no more than 60 percent Turkish-made and is a copy of the Spanish Navy warship Juan Carlos I. Turkey's indigenous T129 attack helicopters are a Turkish variant of the A129 built by the Italian-British company AgustaWestland. The T129 is produced under license from AgustaWestland. A $1.5 billion export deal with Pakistan for a batch of 30 T129s has long been stalled as it awaits U.S. export licenses, which is required because the helo is powered by an American engine. For the past decade, Turkey's local industry has been unable to produce a national solution for the need for long-range air and anti-missile defense systems. After years of uncertainty Turkey signed a $2.5 billion deal for the acquisition of the Russian-made S-400 system. In response, the United States ejected Turkey from the American-led multinational Joint Strike Fighter program that builds the F-35 fighter jet. “That will cost the Turkish industry critical capabilities it could have earned during the production cycle,” a Western industry source in Ankara told Defense News. “It also means a loss of significant income for the Turkish industry.” Otherwise, local and international analysts agree that drone, shipbuilding, military electronics and armored vehicles technologies have been progressing exponentially in Turkey. The country has found foreign customers for these systems due to high technological standards and competitive pricing. The combat-proven technologies easily find their place in export markets, especially in countries with which Turkey has friendly political relations. Lucrative markets for Turkish companies include those in Qatar — Turkey's most important regional ally — as well as some north African countries, Azerbaijan, Pakistan, Turkic republics in Central Asia, and Muslim countries in southeast Asia like Indonesia and Malaysia. Turkish exporters have been augmented by a steady decline of the country's national currency. The U.S. dollar was trading at 1.7 Turkish liras five years ago. Today, the exchange rate is $1 to 7 liras. That plunge gives an exchange rate boost to companies with higher local input rates and export potential. In other words, when the local currency experienced a decline, the commodities produced in Turkey generally became cheaper for foreign customers. However, those companies dependent on now pricey foreign technology have seen their international competitiveness badly pruned. The lira's slide downward also slows or altogether suspends government-run programs due to a cash shortage. Overseas investors have withdrawn $7 billion from Turkey's local currency bond market in the first six months of 2020. The economy is in recession, and inflation and unemployment rates are soaring. At the end of May 2020, Turkey's national budget produced a deficit of 90.1 billion liras (U.S. $12.9 billion), or 65 percent of the government's deficit target for the entire year of 2020. That macroeconomic picture may further squeeze the government in financing its weapons programs, economist warn. https://www.defensenews.com/top-100/2020/08/17/turkish-industry-prospers-but-foreign-relations-are-limiting-its-potential/