CAE provides initial flight training to U.S. Air Force rotary-wing pilots

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  June 12, 2019 | International, Aerospace

  AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million to Strengthen Family of Small Unmanned Aircraft Systems

  Pulse's complementary Vertical Takeoff and Landing (VTOL) product family strengthens AeroVironment's leading family of fixed-wing small unmanned aircraft systems (UAS) Acquisition expands total addressable market by increasing mission capabilities of AeroVironment family of systems Pulse Aerospace receives multi-year contract award with a maximum value of more than $13 million from undisclosed defense customer for Vapor VTOL unmanned systems, spares and services Acquisition expected to be accretive to AeroVironment earnings by the third full year of operations SIMI VALLEY, Calif.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced it has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand. Pulse Aerospace is a leading developer of small VTOL UAS technology in the United States. Pulse's HeliSynth™ technology brings flight control, payload, and endurance capabilities to market at attractive price points for both defense and commercial end markets. Pulse recently received a multi-year contract award with a maximum value of more than $13 million from an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and services. AeroVironment expects the transaction to be accretive to its earnings by the third full year of operations. “The talented Pulse Aerospace team has created a solution set that is unique and will expand our family of unmanned systems by addressing increasing demand from our customers for small VTOL solutions,” said Wahid Nawabi, AeroVironment's president and chief executive officer. “This transaction brings together two highly complementary companies in terms of products, markets and culture, and will better position AeroVironment to grow our share of the small UAS market. The team at Pulse Aerospace shares our focus on disruptive innovation and we welcome them to AeroVironment. Together, we will deliver even more capability to our customers in the United States and more than 45 allied countries around the world.” “We are excited to join together to realize the full benefits of this transaction as we employ key, future-defining technologies such as robotics, sensors, software analytics and connectivity. Additionally, we look forward to gaining access to the strong technical talent pool in the Lawrence, Kansas area to help achieve our long-term growth objectives,” Nawabi added. “AeroVironment's global market presence dramatically increases the reach of Pulse's VTOL UAS technology,” said Aaron Lessig, Pulse Aerospace, LLC's chief executive officer. “Pulse's offering expands AeroVironment's mission capabilities with increased payload capacity, which broadens customer use cases. We look forward to growing AeroVironment's share of the global unmanned systems market together.” In connection with the transaction, Pulse Aerospace's Lawrence, Kansas facility will become AeroVironment Innovation Center - Midwest, with a focus on small VTOL unmanned aircraft and mission planning solutions. About AeroVironment, Inc. (AV) AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com. Safe Harbor Statement Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. https://www.businesswire.com/news/home/20190611005589/en

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  January 29, 2020 | International, Aerospace

  Germany walks away from $2.5 billion purchase of US Navy’s Triton spy drones

  By: Sebastian Sprenger COLOGNE, Germany — The German government has canceled plans to buy Northrop Grumman-made Triton drones to the tune of $2.5 billion, opting instead for manned planes carrying eavesdropping sensors. The decision to buy Bombardier Global 6000 aircraft comes after officials became convinced that the Global Hawk derivatives would be unable to meet the safety standards needed for flying through European airspace by 2025, a target date for Berlin's NATO obligations. A defense ministry spokeswoman told Defense News the Triton option had grown “significantly more expensive” compared with earlier planning assumptions. The U.S. State Department in April 2018 cleared Germany's request to purchase four MQ-4C Triton drones for signals intelligence missions under the country's PEGASUS program, short for “Persistent German Airborne Surveillance System.” The program includes a sensor, dubbed “ISIS-ZB” and made by Hensoldt, for intercepting communications and locating targets by their electromagnetic signature. The German Defence Ministry for years had been banking on the Triton purchase to come with a pre-installed safety-technology package that would be easily approved by European air traffic authorities. But officials saw their hopes dashed as Italy recently issued a military-type certificate for a sister drone — NATO's Alliance Ground Surveillance fleet of Global Hawks, stationed in Sigonella, Sicily — that prescribes tight restrictions on flights over the continent. Manned aircraft like the envisioned Global 6000 are allowed to routinely fly alongside civilian traffic, a prospect that the Germans see as more palatable than dealing with drone-specific airspace corridors. Berlin hopes to catch the tail end of Bombardier's Global 6000 manufacturing run, as the model is being phased out in favor of an upgrade. While that strategy could yield a better price, Berlin needs to move soon before the production line goes cold, according to officials. Letting drones fly in the same airspace as civilian traffic remains an unresolved problem, as the requisite sensing technology and the regulatory framework are still emerging. Germany previously tried filling its signals-intelligence gap with the Euro Hawk, but the project tanked in 2013 after spending $700 million because officials underestimated the trickiness of attaining airworthiness qualification. With the Triton gone, Germany's next ambition for a fully approved unmanned aircraft lies with the so-called Eurodrone, a cooperation with France. Officials have said that the program is designed from the start with manned-unmanned airspace integration in mind. https://www.defensenews.com/breaking-news/2020/01/28/germany-walks-away-from-25-billion-purchase-of-us-navys-triton-spy-drones

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  October 7, 2019 | International, Aerospace

  Opinion: Why Finland Should Pay Close Attention To U.S. Fighter Bids

  Christopher Kojm Finland is coming up on a key decision in 2021: the selection of combat aircraft to replace its existing squadrons of F-18s. The acquisition will be the largest government procurement in Finland's history. Cost will be one factor; capability will be even more important. Yet the most important consideration will be its overall contribution to Finland's security. The decision is not just about buying aircraft, it is also about building partnerships. Last year Finland solicited aircraft bids, and this year it received them from five manufacturers. The proposed multirole fighters are the Dassault Rafale (France), Eurofighter Typhoon (Great Britain), Saab Gripen (Sweden) and the Lockheed Martin F-35 and Boeing F/A-18 Super Hornet (both from the U.S.). As the Finnish Air Force makes clear, it will aim for “the best comprehensive solution” to meet Finland's needs. It will examine security of supply, life-cycle costs, industrial participation and military capability, and the defense ministry will conduct a security and defense policy assessment. Finland will spend the next year in detailed negotiations with the manufacturers before they submit their final tenders next summer. Sophisticated companies in a competitive business will make every effort to meet Finland's requirements. It is highly likely that Finland will receive very good offers on excellent aircraft. So how should Finland choose? The country is making a decision about its security for decades to come. On this basis, it should give most careful attention to the offers from the U.S. Why? For three reasons: 1. Past performance. Finland made a bold move after the collapse of the Soviet Union, deciding for the first time to acquire advanced aircraft from the U.S. This dramatic turn to the West came two years before its decision to join the European Union. Finland's adoption of the F-18 aircraft opened the door to many security partnerships—with the U.S. Air Force, the U.S. writ large and NATO. Finland has conducted numerous operations with NATO and U.S. counterparts, and its defense forces are world-class. As noted by the U.S. Air Force chief of staff after he flew with Finnish F-18 pilots: “Finland is as good as anybody we've flown with; just exceptional quality. . . . What does that equal when we're added together?” 2. Present partnerships. Finland participates in over 60 international military exercises and training events per year on land, at sea and in the air. The most important exercises involve the U.S. and NATO. Given Russia's seizure of Crimea and eastern Ukraine, these exercises send exactly the right message. As Defense Minister Jussi Niinisto notes: “Today, the Finnish Defense Forces are more capable and more interoperable than they have ever been. That makes us effective in looking after our own security and a solid partner for other EU member states and NATO countries.” 3. Future risks. No one can spell out in detail what security challenges Finland will face in the coming decades. Crises can erupt suddenly. But Finland's strategy for managing risk is sound: a rock-solid commitment to territorial defense and domestic resilience, paired with international partnerships. Decisions in support of that strategy should aim at deepening Finland's ties with its most consequential security partner, the U.S. Decisions that would diminish those ties undermine Finland's strategy. Some will say you cannot trust U.S. President Donald Trump. His words offend. Yet look to America's actions: The previous administration signed a defense cooperation agreement with Finland, and the Trump administration is working with energy to implement it. Some say U.S. attention will drift. Yet America's global power rests on its network of alliances and partners. The more Russia looms as a threat, the more the U.S. needs its partners. Mutual security interests are driving Finland and the U.S. closer together. When the chips are down, Finland will provide for its own defense, as it always has. When it looks to partnerships to augment its self-defense and security, it should look first to the U.S. https://aviationweek.com/combat-aircraft/opinion-why-finland-should-pay-close-attention-us-fighter-bids