CEOs of Major Defense Companies Speak Out About Racism, Call for Unity

On the same subject

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  July 23, 2020 | International, Aerospace

  Relance : la commande de 20 Rafale préconisée par un rapport parlementaire

  Les députés Benjamin Griveaux et Jean-Louis Thiériot, membres de la commission de la défense de l'Assemblée nationale, ont publié un rapport sur «la place de l'industrie de défense dans la politique de relance». Pour les rapporteurs, «l'Etat arrive à une séquence historique où c'est à la Défense de prendre le relais des marchés civils et export». Ils plaident pour une relance «par les commandes militaires», estimant notamment qu'une « commande d'une vingtaine de Rafale» est aujourd'hui «indispensable». Un tel contrat dépasserait les deux milliards d'euros ; afin de venir en aide aux sous-traitants de Dassault Aviation, cette commande devrait être passée dans les prochains mois. L'Opinion du 23 juillet

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  June 25, 2020 | International, Naval

  Navy buys two used MQ-9A Reaper drones

  Nathan Strout The Navy has purchased its first two MQ-9A Reaper drones, awarding General Atomics Aeronautical Systems nearly $27 million on June 22 for the unmanned air systems and associated ground control equipment. The MQ-9A Reaper is a multimission, medium-altitude, long-endurance aircraft that is remotely piloted. According to the June 22 contract announcement, the Reapers will be used for intelligence, reconnaissance and surveillance missions as well as persistent strike efforts. The contract procures two MQ-9A Reapers, one dual-control mobile ground control station, one modular data center and one mobile ground control station. This is the first time the Navy has purchased Reapers, but it's already been using the unmanned aircraft overseas. According to fiscal 2020 fiscal 2021 budget documents, the two MQ-9A aircraft the Navy is purchasing have been used by the Marine Corps in a contractor-operated, contractor-owned arrangement since September 2018 to provide intelligence, surveillance and reconnaissance support to Task Force Southwest in Afghanistan. Because they are used, the Reapers will cost less than brand-new systems. The FY21 budget request estimates the cost of each system as being just under $12 million. Work is expected to be completed by December 2020. https://www.c4isrnet.com/unmanned/2020/06/24/navy-buys-two-used-mq-9a-reapers/

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  April 8, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

  U.S. Small Businesses May Get More COVID-19 Emergency Funding

  Sean Broderick WASHINGTON—The Trump Administration has asked Congress for an additional $250 billion in small-business payroll loan funding, providing more cash to the coronavirus pandemic emergency funding program that many small aerospace suppliers are expected to tap. U.S. Treasury Secretary Steve Mnuchin tweeted the news April 7, confirming that, “at the direction of President Trump,” he has asked Democrat and Republican leaders in both the House of Representatives and Senate for more Paycheck Protection Program (PPP) funding “to make sure small businesses get the money they need!” The PPP, part of the March 27 Coronavirus Aid, Relief, and Economic Security (CARES) Act, was set up to quickly get funds to eligible businesses to cover eight weeks of payroll costs as well as most rent, utility and mortgage-interest expenses. Companies can apply for a one-time PPP loan of up to 2.5 times their average monthly 2019 payroll, up to a maximum $10 million. So long as 75% of the funds are used for payroll costs, the loans do not have to be repaid, making them de facto grants. The CARES Act allocates $349 billion to the program, but early popularly suggests that more funding may be needed to meet demand. The Small Business Administration (SBA) processed more than $70 billion in loans in PPP's first three days after the program opened April 3, though it did not say how much of that has been funded. Some 250,000 small businesses, out of an estimated 30 million, have applied for PPP funds. Mnuchin said he has spoken with Congressional leaders and is confident that he has bipartisan buy-in. “We look forward to the Senate passing that on [April 9], and the House passing that on [April 10]” Mnuchin told reporters during an April 7 media briefing. Additional funding could be approved quickly. Senate Majority Leader Mitch McConnell (R-Kentucky) said in a statement that he would work with Mnuchin and fellow Senate leaders to approve further funding within days. House Democrats are already working on a larger bill, which leader Nancy Pelosi calls CARES 2, that includes more PPP funding. PPP loan applications, submitted through the SBA Small Business Administration (SBA) and funded by participating lenders, began rushing in as soon as the program opened April 3. SBA Mnuchin said April 7 that more than 3,000 lenders are onboard, with additional institutions expected to participate. The program experienced some early hiccups, due in part to its scale and how quickly it has come together. CARES became law on March 27, and interim rules on how PPP would work were issued late April 2, just hours before applications were set to start. The PPP's broad applicability, lack of requirements for guarantees or other collateral, and de facto grant properties—the loans become forgivable if guidance is followed—have made it a catch-all for many small businesses. The general SBA limit for a small business is 500 employees, but it is based on staff or revenue limits set in the North American Industry Classification System. Many aviation businesses, aircraft and engine parts makers and maintenance providers, have limits above 500 employees. The PPP's potential reach and theoretically streamlined application and fulfillment times mean industry trade associations that represent smaller businesses are urging their members to examine PPP loans. https://aviationweek.com/air-transport/aircraft-propulsion/us-small-businesses-may-get-more-covid-19-emergency-funding