Beijing North Vehicle Group Corporation unveils lightweight tracked AFV

On the same subject

• 

  June 25, 2020 | International, Naval

  US Navy announces intent to ink $10B in contracts for first 2 Columbia subs

  By: David B. Larter WASHINGTON — The U.S. Navy is poised to ink almost $10.4 billion in contracts with General Dynamics Electric Boat to procure the first two Columbia-class ballistic missile submarines, which carry more than a dozen nuclear missiles on constant deterrent patrols. The announcement, released by the Defense Department Monday afternoon, detailed an award of $869 million to Electric Boat to complete design work on the subs as part of a contract modification. The announcement also establishes the Navy's intent to award an additional $9.5 billion for the first two hulls, which will happen once Congress officially approves the two-ship buy and appropriates the money. “The intent would be to award that option as soon as possible after the FY21 appropriation to ensure we keep this No. 1 priority on track,” said James Geurts, the Navy's assistant secretary for research, development and acquisition. “That will allow us to begin full-rate construction of the first ship, begin advanced construction on the second ship, with the intent of beginning construction of the second ship in 2024.” The first ship is slated for a 2028 deliver and to go on its first patrol in 2031. The total buy is planned for 12 submarines. In a statement Rep. Joe Courntey, D-Conn., who represents the Electric Boat's district, praised the announcement, saying it was years in the making. “This award is the culmination of nearly a decade's worth of preparation for this milestone moment for our region and our nation,” Courntey said. “The replacement of our sea-based strategic deterrent comes only once every other generation, and this work is already fueling unprecedented growth in the workforce in Groton and transformation of the shipyard.” The Columbia-class subs are the Navy's top acquisition priority, and a monstrously expensive one at that. All in, the program will cost roughly $109 billion, according to a recent Congressional Research Service report, and the service faces an enormous challenge in balancing the rest of the fleet's priorities with the Columbia bill. https://www.defensenews.com/naval/2020/06/22/us-navy-announces-intent-to-ink-10-billion-in-contracts-for-first-2-columbia-subs/

• 

  February 21, 2024 | International, Land

  EDGE Group and Shipbuilding Giant Fincantieri Launch Multi-Billion Euro Joint Venture

  Agreement will create a UAE-based naval manufacturing pipeline worth an estimated 30 billion euros.

• 

  December 11, 2020 | International, Land

  Nammo signs strategic partnership agreement with the Finnish Defense Forces

  By Endre Lunde, December, 9 2020 Nammo and the Finnish Defense Forces (FDF) signed a new long-term strategic partnership agreement today during a brief ceremony at the Finnish Defense Command in Helsinki. The agreement is a continuation of a previous security of supply agreement between the two parties signed in 2014, and comes after the Finnish Minister of Defense approved the new agreement on 20 November “This agreement confirms the close relationship between Nammo and the Finnish government, which has existed since the formation of Nammo in 1998, and before that since our current Finnish factories were founded in the 1920s. We are as committed to Finnish safety and security as we have ever been, and this new agreement will allow us to take on an even greater role and build an even closer partnership with the Finnish Defense Forces,” said Morten Brandtzæg, President and CEO of the Nammo Group. Raimo Helasmäki, Managing Director of Nammo Lapua Oy, Nammo's Finnish subsidiary, is very satisfied with the agreement being signed. “This Strategic Partnership Agreement strengthens and supports Nammo Lapua Oy's position as a major player in domestic security of supply,” Helasmäki said. The Strategic Partnership is a multi-year agreement, and will remain be in force until further notice. The total value is expected to be about EUR 20 million per year. Nammo's history in Finland dates back to the years immediately following its independence, when what is today Nammo Lapua, Nammo Vihtavuori and Nammo Sastamala were founded to produce much-needed munitions for its armed forces. The new agreement continues this long-standing history, and covers every aspect of ammunition, explosives and propellants manufacturing in Finland, thereby ensuring a continued domestic security of supply for the Finnish Armed Forces. Finnish Defense Forces Deputy Chief of Staff for Logistics and Armaments, Lieutenant General Timo Kakkola believes the agreement will strengthen the approach and ways of working that has been developed over the past six years by Nammo and the FDF. At the same time, it represents an important step further where Nammo becomes a true strategic partner for the FDF, helping to manage the full supply chain for ammunition, an essential part of Finnish national readiness. “Our domestic ammunition and propellants industry still has a significant part to play in our security of supply, and this agreement allows us to continue its development through a long-term partnership with Nammo,” said General Kakkola. ABOUT THE AUTHOR ENDRE LUNDE, SENIOR VICE PRESIDENT, COMMUNICATIONS EMAIL endre.lunde@nammo.com TEL +4790853270 View source version on NAMMO: https://www.nammo.com/story/nammo-signs-strategic-partnership-agreement-with-the-finnish-defense-forces/