Contracts for March 30, 2021

On the same subject

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  August 7, 2020 | International, Land

  OTT Technologies takes over LMT

  by Charles Forrester South African armoured vehicle designer and manufacturer OTT Technologies has acquired LMT, which has been in business rescue since September 2019. The acquisition closed in July, OTT Technologies business development manager Chris Gildenhuys told Janes on 5 August. The value of the acquisition is not being disclosed at this time. According to Gildenhuys, the acquisition of LMT Products “is a strategic move for OTT Technologies to expand on its own range of proven mine-protected armoured vehicles”. LMT designs and manufactures a variety of protected products, ranging from protected cabs for Mercedes Benz to the LM8 and LM13 vehicles. The LMT Products division of OTT Technologies will, for the foreseeable future, continue to operate under the LMT Products brand and the vehicles will retain their respective designations. The merger will obviously bring about branding and structural changes in future. The first priority is to get the LMT division back on track in as far [as] the personnel component, manufacturing, and sound day-to-day management,” Gildenhuys said. When LMT went into business rescue there were still some incomplete contracts, including one with a Middle Eastern customer, Gildenhuys added. That particular contract will now be honoured and completed. Denel had been the majority shareholder of LMT Holdings since it acquired its stake in 2012, with the underlying business with LMT Products. LMT Holdings was 51% owned by Denel, 29% by Pamodzi, and 20% by the founding members, and included LMT Products, LMT Engineering, and LMT Properties. https://www.janes.com/defence-news/news-detail/ott-takes-over-lmt

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  June 28, 2021 | International, Aerospace

  U.S. Air Force’s T-7A Program Flies Into Turbulence | Aviation Week Network

  A new delay and a design problem raise questions about Boeing’s digital approach to T-7A design.

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  December 6, 2019 | International, Aerospace

  Safran and MTU agree on way ahead for next-gen fighter aircraft engine

  By: Christina Mackenzie PARIS — A 50-50 joint venture between France's Safran and Germany's MTU will be incorporated by the end of 2021 to manage the development and production of an engine that will power the Next Generation Fighter, a key segment of Europe's Future Combat Air System program, the companies announced this week. Safran Aircraft Engines will be the prime contractor, taking the lead in engine design and integration, while MTU Aero Engines, as the main partner for the first phase of research and technology, will take the lead in engine services. The industrial agreement is based on the principles that were set out in a letter of intent signed between the two companies last February. "This agreement is a major step forward, which reflects Safran Aircraft Engines and MTU Aero Engines' willingness to ensure a strong and effective management of the program relying on a balanced partnership and clear accountabilities,” Olivier Andriès, CEO of Safran Aircraft Engines, and Michael Schreyögg, chief program officer of MTU Aero Engines, were quoted as saying in a joint statement. The agreement lifts the last impediments that were standing in the way of contracts being signed by the French, German and Spanish governments; now companies can get the Future Combat Air System program underway. Joël Barre, the director of France's procurement agency, the DGA, said on Oct. 2 that appointing Safran as prime contractor on the engine program with MTU Aero Engines as principal industrial partner was one of the two elements that remained before launching work on a technology demonstrator for the New Generation Fighter. The other element is organizing the entry of Spain into the program. Although Spain signed up for the program during the Paris Air Show last June, the industrial aspect of its participation has not been settled. https://www.defensenews.com/global/europe/2019/12/05/safran-and-mtu-agree-on-way-ahead-for-next-gen-fighter-aircraft-engine