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September 23, 2021 | International, Naval

BAE Systems welcomes £85m future submarine programme contract

September 17, 2021 - The Ministry of Defence (MOD) has awarded BAE Systems a £85m contract to support early design and concept work on the Royal Navy's next generation of...

https://www.epicos.com/article/707442/bae-systems-welcomes-ps85m-future-submarine-programme-contract

On the same subject

  • How’s Military Aftermarket Sector Faring Amid COVID-19 Crisis?

    September 24, 2020 | International, Aerospace

    How’s Military Aftermarket Sector Faring Amid COVID-19 Crisis?

    Michael Tint The COVID-19 crisis has hit the commercial MRO industry hard. How is the military aftermarket sector faring? Michael Tint, head of defense analytics at Aviation Week, responds: COVID-19 has not caused military aviation anything like the degree of disruption it has for civil aviation. Defense budgets for 2020 were largely allocated before its onset, and there have been only minor reductions in military operations as a result of the pandemic. Procurement has been similarly steady, with only small production delays so far. However, the nature of military budgeting in most countries means that major cuts in spending will not be felt for at least a year or two. Meanwhile, rising global tensions are likely to ensure that defense spending remains a priority—even if the longer-term economic consequences of the pandemic prove severe. Growing Military Engine Repair, 2020-29 (U.S. $ billions) Jet engines powering Western-designed fighters and training aircraft will generate $50.5 billion in maintenance, repair and overhaul demand over the next decade—rising from $4.5 billion in 2020 to $5.6 billion in 2029, for a compound annual growth rate of 2.05%. Most of the growth will come from Pratt & Whitney's F135, the engine on Lockheed Martin's F-35. As military flying continues, so too must military engine maintenance, repair and overhaul. Aviation Week forecasts that $85.4 billion dollars will be spent on depot-level engine maintenance for Western-designed military aircraft over the next decade. Of this total, $50.5 billion will be spent on the engines powering fighters and jet-powered trainers. Demand for these engines will rise from $4.5 billion in 2020 to $5.6 billion in 2029, a compound annual growth rate of 2.05%. General Electric F404/F414s in Boeing's F/A-18 and T-7, Saab's Gripen, and KAI's KF-X and T-50 will produce the largest share of this demand (22.4%), but most of the growth will come from Pratt & Whitney F135s powering Lockheed Martin F-35s. Demand for this engine will rise from $424 million in 2020 to $1.4 billion in 2029, a rate of 14.19% per year https://aviationweek.com/mro/hows-military-aftermarket-sector-faring-amid-covid-19-crisis

  • Northrop launches new divisions focused on space, cyber, unmanned tech

    September 25, 2019 | International, Aerospace, C4ISR, Security

    Northrop launches new divisions focused on space, cyber, unmanned tech

    By: Jaleah Dortch WASHINGTON — Northrop Grumman has created four new operating sectors — Aeronautics Systems, Defense Systems, Mission Systems and Space Systems — the company announced in a news release. Aeronautics System will serve as a manned and unmanned air system provider. Defense Systems will be a broad provider of critical technology services, modernization and sustainment. It will handle battle command systems, directed-energy technology, tactical weapons and information systems, and focus on solutions for national security, the military and civilian customers. Mission Systems will cover cybersecurity and software-defined systems for defense and intelligence applications. Space Systems will provide space and launch systems that served national security, civil and commercial customers. “This new operating structure allows us to take full advantage of our company's portfolio by aligning businesses that have shared markets, customers and technologies," said Kathy Warden, the head of Northrop. The company also announced the planned retirement of two executives: Patrick Antkowiak, corporate vice president as well as chief strategy and technology officer; and Christopher Jones, corporate vice president and president of the Technology Services division. https://www.defensenews.com/industry/2019/09/20/northrop-launches-new-divisions-focused-on-space-cyber-unmanned-tech

  • BAE Systems plc – Proposed acquisition of Ball Aerospace

    August 20, 2023 | International, Aerospace

    BAE Systems plc – Proposed acquisition of Ball Aerospace

    The proposed stock transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of c.$750m making the underlying economic consideration...

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