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August 26, 2024 | International, Aerospace, C4ISR

Australia cultivates domestic drone industry with $4.45m investment - Army Technology

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  • Turkey reveals path to boost defense and aerospace exports by $10.2B in 2023

    December 11, 2019 | International, Aerospace

    Turkey reveals path to boost defense and aerospace exports by $10.2B in 2023

    By: Burak Ege Bekdil ANKARA, Turkey — Turkey plans to boost its defense and aerospace exports to $10.2 billion by 2023, from $2 billion in 2018, according to a government document. The “Strategic Plan 2019-2023,” released by the country's procurement agency, SSB, is also aiming for the annual revenue of the defense and aerospace industry to rise to $26.9 billion in 2023, from $6.7 billion in 2018. Also by 2023, domestic industry will meet 75 percent of military requirements, up from 65 percent in 2018, according to the plan. To his these targets, the government plans to restructure its defense export incentive system. In addition, Turkey is to launch a government-to-government sales scheme, whereas SSB will open defense export promotion agencies in 20 countries. Other critical targets detailed in the document include switching to a new procurement model; prioritizing programs that minimize dependency on foreign-made systems; and supporting models that bolster Turkey's ability to compete in high-tech markets internationally. Since coming to power in 2002, President Recep Tayyip Erdoğan has sharply increased local input in defense procurement. The government's strong priority to drop off-the-shelf procurement options and instead go for indigenous design and production has produced scores of local programs including drones, naval vessels, armored vehicles, helicopters, trainer aircraft, a new-generation main battle tank and an ambitious program to locally build a fighter jet. But an Ankara-based defense analyst warned that some of the government's targets do not look feasible. “Take the export target, for instance,” the analyst told Defense News. “The original export target for 2023 was $25 billion. Now they have come down to a still-difficult $10.2 billion. That's a long way from the current level of around $2 billion.” https://www.defensenews.com/industry/2019/12/10/turkey-reveals-path-to-boost-defense-and-aerospace-exports-by-102b-in-2023

  • Raytheon awarded $551 million US Army contract to begin production of Patriot™ for the Kingdom of Bahrain

    March 11, 2020 | International, Land

    Raytheon awarded $551 million US Army contract to begin production of Patriot™ for the Kingdom of Bahrain

    Tewksbury, Mass., March 9, 2020 /PRNewswire/ - The U.S. Army awarded Raytheon Company (NYSE: RTN) a $551 million contract to begin production of the combat-proven Patriot™ air and missile defense system for the Kingdom of Bahrain. The contract was awarded on January 31, 2020. "Raytheon's Patriot provides the Kingdom of Bahrain and 16 other countries around the globe with a combat-proven system that protects citizens, infrastructure and armed forces from a broad spectrum of threats," said Tom Laliberty, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business. "Patriot works, has saved countless lives, and will continue to do so for many years because the system is constantly tested, modernized, upgraded and improved to stay ahead of the advancing threat." Raytheon's Patriot is the most advanced tactical air and missile defense system in the world, providing protection against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. About Raytheon Raytheon Company, with 2019 sales of $29 billion and 70,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 98 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I® products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter. Note to Editors The 17 Patriot Nations are: United States of America The Netherlands Germany Japan Israel Kingdom of Saudi Arabia Kuwait Taiwan Greece Spain Republic of Korea United Arab Emirates Qatar Romania Sweden Poland Kingdom of Bahrain Media Contact Mike Nachshen +1.520.269.5697 idspr@raytheon.com SOURCE Raytheon Company View source version on Raytheon: http://raytheon.mediaroom.com/2020-03-09-Raytheon-awarded-551-million-US-Army-contract-to-begin-production-of-Patriot-TM-for-the-Kingdom-of-Bahrain

  • Canadian government organization to market Bombardier surveillance plane for export despite rejection by Canadian military

    November 27, 2023 | International, Aerospace

    Canadian government organization to market Bombardier surveillance plane for export despite rejection by Canadian military

    Export markets considered for Bombardier multi-mission plane

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