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  October 25, 2019 | Local, Naval

  The Global Naval Vessels And Surface Combatants Market 2019-2029

  Summary The global naval vessels and surface combatants market is valued at US$36. 7 billion in 2019, and will grow at a CAGR of 1. 97%, to reach a value of US$44. 6 billion by 2029. New York, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "The Global Naval Vessels And Surface Combatants Market 2019-2029" - https://www.reportlinker.com/p02275942/?utm_source=GNW The cumulative market for global naval vessels and surface combatants is anticipated to value US$429.8 billion over the forecast period. The demand for naval vessels is anticipated to be driven by high levels of expenditure by emerging economies in the Asia-Pacific region including India and China. The North American region supported by US Navy's multi-year procurement programs, is expected to maintain its leading position globally, exhibiting a steady pace of growth over the forecast period. The global naval vessels and surface combatants market is expected to be led by North America with revenue share of 41.9%. Cumulatively, North America is projected to spend US$180.3 billion on naval vessels and surface combatants over the forecast period. In 2019, regional expenditure is expected to value US$15.1 billion and increase to US$19.0 billion by 2029, growing at a CAGR of 2.32%. Asia-Pacific will follow North America and is expected to account for 26.2% revenue share of the global naval vessels and surface combatants market over the forecast period. Europe is anticipated to be the third-largest market globally with a revenue share of 22.2% over the forecast period, driven by the naval expansion and capability enhancement initiatives undertaken by various countries in the region. With a share of 5.5%, the market for naval vessels and surface combatants in the Middle East is projected to be the fourth largest globally. Frigates is expected to be the largest segment in the naval vessels and surface combatants market during the forecast period. Driven by several high-value procurement programs worldwide including the US Navy's FFG(X) program, Canadian Navy's ‘Canadian Surface Combatant' program, Saudi Navy's Multi-Mission Surface Combatant program, Australian Navy's SEA 5000 (Hunter-class) program and French Navy's Intermediate Frigate (FTI) program among others; the Frigates segment is expected to account for a 28.7% revenue share of the total market over the forecast period. Destroyers segment will follow Frigates segment with 19.6% market share. With 15.1% share, Amphibious Ships segment is anticipated to hold the third position in the global market. The growing demand for Amphibious Ships is primarily attributed to the ongoing initiatives of naval forces to develop relevant sealift capabilities. Light Combat Vessels and Corvettes segments to account for respective shares of 11.8% and 9.3%. Aircraft Carriers will account for a decent share of 8.6% over the next decade. The remaining share of 6.9% will be held by Auxiliary Vessels segment. The report "The Global Naval Vessels And Surface Combatants Market 2019-2029", offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for naval vessels, key market trends, and challenges faced by industry participants. In-depth analysis provides - - Market size and drivers: detailed analysis during 2019-2029, including highlights of the demand drivers and growth stimulators.It also provides a snapshot of the spending and modernization patterns of different regions around the world - Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of naval vessels and surface combatants segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants - Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand - Major programs: details of the key programs in each segment, which are expected to be executed during 2019-2029 - Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives and financial analysis Companies mentioned: General Dynamics, Huntington Ingalls Industries, Austal, Naval Group, Larsen & Toubro Limited (L&T), Lockheed Martin, Fincantieri SpA, BAE Systems, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd and Abu Dhabi Shipbuilding Scope - The global naval vessels and surface combatants market is expected to grow at a CAGR of 1.97% over the forecast period. - The market consists of seven categories: frigates, destroyers, amphibious ships, light combat vessels, corvettes, aircraft carriers, and auxiliary vessels. - North America will dominate the sector with a share of 26%, followed by Asia-Pacific and Europe. The frigates segment is expected to be the leading segment during the forecast period. Reasons to buy - Determine prospective investment areas based on a detailed trend analysis of the global naval vessels and surface combatants market over the next ten years - Gain in-depth understanding about the underlying factors driving demand for different naval vessels and surface combatants segments in the top spending countries across the world and identify the opportunities offered by each of them - Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others - Identify the major channels that are driving the global naval vessels and surface combatants market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion - Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global naval vessels and surface combatants market - Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top naval vessels and surface combatants providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available. Read the full report: https://www.reportlinker.com/p02275942/?utm_source=GNW https://finance.yahoo.com/news/global-naval-vessels-surface-combatants-134956689.html

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  December 7, 2018 | Local, Aerospace

  Energy efficiency contract awarded for 14 Wing Greenwood

  December 7, 2018 – Greenwood, Nova Scotia – National Defence / Canadian Armed Forces Through Canada's Defence Policy, Strong, Secure, Engaged, the Government of Canada is greening defence infrastructure and taking action against climate change. The Department of National Defence (DND) is expanding the use of energy performance contracts to improve the energy efficiency of our military infrastructure and provide our personnel with modern and green facilities in which to work and train. On behalf of Defence Minister Harjit S. Sajjan, Member of Parliament for West Nova Colin Fraser, today marked the award of an energy performance contract at 14 Wing Greenwood. The $20.5-million project will see 102 buildings upgraded with energy efficiency measures including new LED lighting and efficient ventilation systems. The wing's central heating plant will also be upgraded to a cleaner natural gas fuel source. These upgrades are expected to lower annual energy costs at the wing by about $900,000, or 13 percent, and reduce greenhouse gas emissions by close to 7,500 tonnes per year. DND has a number of energy performance contracts in various stages of development and implementation at bases across Canada. Through these contracts, a company is contracted to pay for and carry out an energy retrofit project at a base or wing. The money saved in energy costs is then used to pay the company back over a five- to 15-year period, which minimizes the up-front costs to the taxpayer, and guarantees that the upgrades produce savings. Quotes “These energy performance contracts represent the great work underway across Canada to make our Defence infrastructure more sustainable and energy efficient. This work benefits our personnel by modernizing the places where they work and train, while significantly lowering our carbon emissions to help us achieve a greener future for all Canadians.” Harjit S. Sajjan, Defence Minister “I am thrilled to see this green energy project move forward for Base Greenwood. This $20.5-million investment will create economic opportunities for surrounding communities, while demonstrating that greener, more sustainable government operations is as good for the economy as it is for the environment.” Colin Fraser, Member of Parliament for West Nova Quick facts The contract for energy upgrades and retrofits at 14 Wing Greenwood was awarded to MCW Custom Energy Solutions Ltd. Similar contracts are in development for Bagotville, Shilo, Alert, Comox, Borden, Trenton, Kingston, Gagetown, Halifax, Montreal, Saint-Jean and Goose Bay. In addition to Greenwood, projects are underway at Valcartier, Esquimalt, and Petawawa. The project is expected to lower 14 Wing's annual GHG emissions by 7,500 tonnes, the equivalent of taking 1,600 cars off the road. As stated in Canada's defence policy, Strong, Secure, Engaged, DND is improving its infrastructure to achieve a 40 percent reduction in greenhouse gas emissions (from 2005 levels) by 2030. Implementing new energy performance contracts at bases and wings across Canada supports the government's low-carbon goal and new emissions reduction target of 80 percent by 2050. The broader Defence Energy and Environment Strategy bolsters DND's capacity to green its operations and adapt to climate change impacts by integrating adaptation measures, including energy performance contracts, into its policies and practices. Defence Construction Canada and Public Services and Procurement Canada are DND's partners in procuring the services of energy services companies to modernize and green defence infrastructure. https://www.canada.ca/en/department-national-defence/news/2018/12/energy-efficiency-contract-awarded-for-14-wing-greenwood.html

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  November 19, 2019 | Local, Aerospace

  CAE, Jazz and Seneca launch first cadet pilot training program in Canada

  CAE, Jazz Aviation, and Seneca have teamed up to develop Jazz Approach, an innovative Canadian program to provide Jazz with a pipeline of top-quality first officers. Cadets will receive a letter of employment from Jazz upon selection into the program, allowing for a direct path to join the airline as first officers conditional upon successful completion of the program. The parties involved have signed a five-year partnership agreement and the first cohort is set to begin training in April 2020. “CAE creates over 1,500 new pilots yearly over 30 cadet training programs globally, and we are thrilled to add a first Canadian cadet pilot training program to our list of curricula,” said Nick Leontidis, CAE's group president, Civil Aviation Training Solutions. “The demand for pilots has never been so high. With over 300,000 pilots needed globally over the next decade, CAE is working closely with airlines around the world to come up with pilot creation solutions. This program is a one-of-a-kind program, and a great example of how the Canadian aviation industry is working closely together to come up with innovative solutions to face that challenge. We thank Jazz for its trust, we are honored to help expand upon its pipeline of future pilots and we look forward to training them alongside Seneca.” Jazz Aviation's pilots have been training in CAE's network in Canada since 2003. Now, under this new agreement, with its partner Seneca, CAE will be assisting Jazz in the selection, training and certification of new pilots. “We are very excited to partner with two exceptional Canadian organizations, CAE and Seneca, to introduce the Jazz Approach program,” said Capt Steve Linthwaite, vice-president, Flight Operations for Jazz Aviation. “For Jazz, this innovative initiative will be an expansion of our Jazz Aviation Pathways Program (Jazz APP) and provides yet another avenue for future generations of pilots to launch their careers in aviation. The roots of the Jazz APP program go back to 2007 and the addition of Jazz Approach is an important step in growing the program to yet another level. We have worked with both CAE and Seneca for many years and we are delighted to have the opportunity to join together to introduce this program in Canada.” “We are thrilled to be partnering with CAE and Jazz Aviation through this innovative all-Canadian collaboration. The Jazz Approach program builds on the success of our partnership with Jazz Aviation and will be an excellent addition to the suite of academic and hands-on training offered within our School of Aviation,” said Lynne McMullen, director of strategic partnerships with Seneca's School of Aviation. “The Jazz Approach program is another opportunity for Seneca to be on the forefront of flight training in Canada.” About the Jazz Approach program CAE, Jazz and Seneca developed the Jazz Approach program in close collaboration, showcasing the latest competency-based training innovations. The Jazz Approach program embeds Jazz Aviation standard operating procedures (SOPs) and threat and error management strategies. Under the terms of this program, CAE will conduct recruitment, assessment and selection of the cadets according to Jazz's defined criteria. The cadets will undergo the integrated airline transport pilot license (ATPL) training over 18 months at Seneca's School of Aviation in Peterborough, Ont. Following completion, CAE will provide a CRJ200 type rating at CAE Toronto, leveraging CAE's innovative training equipment. Upon successful completion of the training program and subject to certain conditions, the first graduates will join Jazz Aviation as first officers by the end of 2021. Applications for the Jazz Approach training program will open on Dec. 1, 2019. https://www.skiesmag.com/press-releases/cae-jazz-and-seneca-launch-first-cadet-pilot-training-program-in-canada