February 1, 2024 | International, Aerospace
Boeing defense biz reports $139M loss across three major programs
Charges on Boeing's five major defense fixed-price programs also totaled $1.6 billion throughout 2023.
July 22, 2020 | International, Aerospace
Collins Aerospace Systems, une unité de Raytheon Technologies, a annoncé avoir obtenu un contrat de BAE Systems pour fournir des capacités d'actionnement avancées, notamment pour le projet d'avion de combat furtif britannique Tempest. La société américaine mobilisera ses installations Actuation Systems à Wolverhampton pour collaborer avec la «Team Tempest». Collins Aerospace soutiendra le programme à partir de ses installations Actuation Systems à Wolverhampton, au Royaume-Uni.
Le Journal de l'Aviation du 22 juillet
February 1, 2024 | International, Aerospace
Charges on Boeing's five major defense fixed-price programs also totaled $1.6 billion throughout 2023.
October 22, 2019 | International, Aerospace
By: Sebastian Sprenger COLOGNE, Germany — German and French officials emerged from a meeting in Toulouse, France, this week with fresh promises that a next-generation aircraft program and new European battle tank spearheaded by the two countries would advance soon. The summit declaration follows repeated reports that both projects are at risk of failure due to political and industry-related differences. In the case of the Future Combat Air System — a next-generation fighter jet with sidekick drones — Berlin and Paris have long been at odds about the exportability of the future weapon, with Germany favoring a more restrictive stance than France. Airbus and Dassault are the two main industry players in FCAS. The Main Ground Combat System — the two countries' idea for a European tank ready for action in the late 2030s — had been caught up in a maneuver by German manufacturer Rheinmetall to take over the Franco-German industry team of Nexter and Krauss-Maffei Wegmann, called KNDS. According to a report in Germany's newspaper Frankfurter Allgemeine Zeitung, officials recently came to an agreement in which Rheinmetall would become a subcontractor in the project, receiving 25 percent of the work share, with Nexter getting 50 percent and KMW getting 25 percent. The aircraft and tank projects made it into the Toulouse declaration only in passing, expressed in the typical diplomatic rhetoric of bilateral enthusiasm meant to mask whatever problems brew underneath. The envisioned cooperation “requires mutual trust and common rules,” the document read. Specifically, both sides negotiated a binding agreement on arms exports in Toulouse that would be implemented once unspecified “final steps” are taken, it added. French newspaper La Tribune reported that the Oct. 16 meeting reiterated the objective of awarding study contracts for an FCAS demonstrator early next year. That means the financial commitments will now begin to grow larger, eventually reaching a level of billions of Euros in just a few years' time. German lawmakers, meanwhile, are still awaiting details on exactly how the government plans to proceed. A formal spending request to the appropriations and defense committees was still outstanding as of this week, and a Defence Ministry spokeswoman declined to be specific on the envisioned timing in a statement to Defense News. https://www.defensenews.com/global/europe/2019/10/18/french-german-leaders-provide-fresh-top-cover-for-new-warplane-tank-projects/
October 2, 2019 | International, C4ISR
STOCKHOLM, October 1, 2019 /PRNewswire/ - INVISIO has been awarded a five-year IDIQ (Indefinite Delivery, Indefinite Quantity) contract from the U.S. Department of Defense for communication and hearing protection systems. The framework agreement is for up to SEK 290 million over the time period, but no volumes are guaranteed. The Department of Defense has awarded INVISIO a five-year framework agreement for the supply of advanced communications and hearing protection systems to American troops. The maximum order value of the agreement over the five-year time period is USD 30 million, equivalent to approximately SEK 290 million. This is the second time the Department of Defense has awarded INVISIO a long-term contract. The new contract replaces the first one received in 2017 which expired earlier this year. The INVISIO systems provide enhanced communication capabilities in noisy environments while protecting the users hearing, which gives operational benefits and increased tactical advantages including improved situational awareness for the users. "We are very proud of receiving a new long-term contract with the U.S. Department of Defense. This contract and the size of it, together with our other U.S.-engagements confirms our market leading position", says Lars Højgard Hansen, CEO, INVISIO Communications. For more information, please contact: Lars Højgard Hansen CEO INVISIO Communications Mobile: +45-53-72-7722 | E-mail: lhh@invisio.com Michael Peterson Director IR & Corporate Communication INVISIO Communications Mobile: +45-53-72-7733 | E-mail: mpn@invisio.com This information is information that INVISIO Communications AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the CEO, on October 1, 2019, at 08:30 CEST. About INVISIO Communications AB (publ) INVISIO develops and sells advanced communication systems with hearing protection that enable professionals in noisy and mission critical environments to communicate and operate effectively. The company combines insights in acoustics and human hearing with broad engineering know-how in software, materials technology and integration. Sales are primarily via a global network of partners and resellers, as well as from the headquarters in Copenhagen and the sales offices in the USA, France and Italy. INVISIO's registered office is in Stockholm, Sweden, and the company's share is listed on Nasdaq Stockholm (IVSO). Read more on the company's website, www.invisio.com. This information was brought to you by Cision http://news.cision.com https://news.cision.com/invisio-communications-ab/r/invisio-awarded-five-year-framework-agreement-for-up-to-sek-290-million-from-the-u-s--department-of-,c2921729