April 1, 2021 | International, Aerospace
Cubic to go private in $3B sale to Veritas, Elliot
Cubic Corp. says it has accepted a proposal to sell itself for $75 per share.
August 7, 2018 | International, Land
Igor Bozinovski
The Bulgarian Ministry of Defence (MoD) on 25 July placed details online of the project to procure 150 armoured vehicles for the Bulgarian Land Forces (BuLF). The 17-page document was approved by Bulgaria's Council of Ministers on 16 May.
The BGN1.224 billion (USD722 million) BuLF modernisation project calls for BGN810 million to be spent on the acquisition of at least 90 armoured combat vehicles, and BGN414 million on at least 60 special and support vehicles. In addition, BGN240 million is planned for the acquisition of related equipment, documentation, personnel training, training and simulation equipment, an automated fire control system for a self-propelled mortar battery, and related communication and information systems.
Full Article: https://www.janes.com/article/82190/bulgaria-details-armoured-vehicle-procurement
April 1, 2021 | International, Aerospace
Cubic Corp. says it has accepted a proposal to sell itself for $75 per share.
November 11, 2019 | International, Aerospace, C4ISR, Security
By: Nathan Strout In September 2018, the Trump administration added space cybersecurity to the National Cyber Strategy. Of course, adding space cybersecurity to a strategy document doesn't automatically make those systems secure from cyberthreats. In the year since that document was adopted, the Space Cybersecurity Working Group has been trying to make the administration's desire that United States space assets are cybersecure a reality. “The National Security Council, in very close coordination with the National Space Council, as well as the Office of the vice president, decided to form an inner agency group called the Space Cybersecurity Working Group,” explained Jaisha Wray, cybersecurity director of the National Security Council. “The goals of our working group are to identify and coordinate and prioritize U.S. government efforts to manage cybersecurity risks to space systems.” As the cybersecurity director of the National Security Council, Wray is in charge of developing international cybersecurity partnerships. Previously she served as the acting deputy director of emerging security challenges at the Department of State, where she helped build space and cyber policies. At the CyberSat19 conference Nov. 7, Wray explained how her Space Cybersecurity Working Group was fostering communications between various organizations to enhance cybersecurity in space. Key to developing effective cybersecurity across the nation's space systems is communication, be it between space and cyber communities, the U.S. and international partners, or the government and industry, said Wray. “What we saw was that across departments and agencies in the U.S. government, the space and the cyber people are often located in different offices in different bureaus, and so one of the early successes of our working group is simply just bringing these folks together to try to reduce stovepipes, compare notes and provide updates,” she explained. Those meetings are ongoing and have been embraced by both communities, said Wray. The National Cyber Strategy also directed the National Security Council to enhance partnerships between the U.S. government and commercial and other space-faring nations. “This is particularly important since our efforts in space are becoming increasingly intertwined, both commercially and internationally, and we must ensure that all space systems — not just U.S. government satellites — are protected from cyberthreats,” said Wray. “However, a key challenge is convincing others to spend the extra money and resources necessary to make their satellites more secure when the extent of the threat is not always well known or available in the public domain. So this is why both internationally and with industry we plan to enhance our efforts to raise awareness and share information on cyberthreats and to develop and share best practices and principles to counter these threats.” On the industry front, the working group is backing the efforts of the newly established Space Information Sharing and Analysis Center (ISAC). ISACs are member-driven groups that work with the government to spread information through industry. The formation of a separate Space ISAC was announced in April, and the group held its first board meeting Nov. 7. “We were very pleased to see and now support the efforts of the new Space ISAC, which will help gather, analyze and disseminate critical cyberthreat information related to space among the federal commercial and international community,” said Wray. While the technical side of enhancing space cybersecurity presents its own challenge, it's clear that a major gap in implementing cybersecurity in space is connecting the various stakeholders, be they commercial companies, various agencies or other countries. “I'm confident that through the Space Cybersecurity Working Group, we can continue to make progress and working cooperatively to address these threats,” said Wray. https://www.fifthdomain.com/dod/2019/11/08/how-the-space-cybersecurity-working-group-fosters-communication/
January 19, 2021 | International, Aerospace
By: Jen Judson WASHINGTON — Aerovironment, a leading supplier of unmanned aircraft systems to the U.S. military, has purchased Arcturus UAV for $405 million. Arcturus is currently competing for a $1 billion Army contract to replace the Shadow tactical unmanned aircraft system. Arcturus, which was founded in 2004 in California, specializes in Group 2 and 3 UAS, which run the gamut between drones over 20 pounds and under roughly 1,300 pounds. Army units are evaluating Arcturus' Jump 20 UAS. The drone is competing against Martin UAV and Northrop Grumman's V-Bat, Textron's Aerosonde HQ, and L3Harris Technologies′ FVR-90. The Jump is a multimission, medium-endurance, vertical-takeoff-and-landing system that can become airborne independent of a runway. Arcturus also makes the T-20, a multimission, medium-endurance, catapult-launched system. The Army is moving toward a final request for proposals with its Future Tactical UAS program that will replace the Shadow UAS, so the sale of Arcturus to a much larger UAV company is timely. Aerovironment did not have a path to Group 3 UAS, and bringing Arcturus into the fold fills that gap. According to those following the industry, Aerovironment has products that, when integrated into Arcturus' capabilities, could make for attractive future systems. Being acquired by a larger company like Aerovironment would also help the company become a more serious contender in the Army competition by building up its manufacturing capability to radidly produce UAS in large quantities, which the Army would require if the Jump is selected. The total purchase price of the sale is a combined $355 million in cash and $50 million in Aerovironment stock, according to a Jan. 13 news release. Arcturus previously supplied UAS to U.S. Special Operations Command's $1.4 billion MEUAS III and IV programs, the release noted. “We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” Wahid Nawabi, AeroVironment president and CEO, said in the statement. “Group 2 and 3 UAS and services, collectively, potentially represent more than one billion dollars in annual contract value, according to an independent forecast,” he added. “Combining our highly complementary products and technologies will enhance our portfolio, deliver top and bottom-line growth, and enable us to provide customers with a complete set of Group 1 through 3 UAS, tactical missile systems, high-altitude pseudo-satellites and unmanned ground vehicle solutions.” With Aerovironment, “we will have greater scale, expanded resources, cutting-edge technology and superior capabilities to meet the growing global demand for our products and solutions,” D'Milo Hallerberg, Arcturus UAV president and CEO, said in the statement. “We are confident that with AeroVironment, we can accelerate our growth as part of a larger, more diverse company and look forward to working closely with the team to complete this exciting transaction.” The transaction is expected to be complete by the final quarter of fiscal 2021, and Arcturus will operate as a wholly owned subsidiary of Aerovironment. https://www.defensenews.com/land/2021/01/15/aerovironment-buys-arcturus-uav-405m-deal/