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  April 6, 2022 | Local, Aerospace

  Arcfield Canada Awarded $50M CF-18 Avionics Optimized Weapon System Support Contract Extension

  CALGARY, Alberta, April 6, 2022— Arcfield Canada Corp., a wholly owned subsidiary of Arcfield, has been awarded a two-year contract extension by the Department of National Defence to provide support services for the Royal Canadian Air Force's (RCAF) CF-18 Avionics (AVS) Optimized Weapon System Support (OWSS) program. The award, which represents follow-on work for the company, has a total value of $50 million. Under the contract extension, Arcfield Canada will continue to provide support for the entire CF-18 avionics suite and associated support equipment through the end of March 2024. As a leader in avionics sustainment, Arcfield Canada administers the complete lifecycle management, engineering support services, supply chain management, and maintenance, repair and overhaul of avionics systems for the RCAF. To date, the company has completed more than 70,000 repairs on the CF-18 avionics. “We are pleased that the Department of National Defence and the RCAF has trusted Arcfield to continue its service for the CF-18 aircraft,” said Jacques Comtois, director of Canadian operations, Arcfield Canada. “For 35 years, our organization has been a dedicated and valued partner to the Canadian Armed Forces supporting Canada's fighter fleet, and we look forward to continuing that partnership through this contract.” As the prime contractor on the CF-18 AVS OWSS program, Arcfield Canada Corp. has been providing comprehensive in-service and integrated logistics support for the RCAF's CF-18 fighter aircraft for more than three decades. “This extension is a testament to the expertise and value we have provided on the OWSS program over the last several decades,” said Kevin Kelly, chief executive officer and chairman of Arcfield. “As a company that is built on a foundation of always putting our customers' missions first, we are honoured to continue this mission-critical work for the Department of National Defence.” This extension also comes after the company received an additional two-year task order to upgrade the CF-18 fleet with a new two-way data link capability, valued at $28 million. About Arcfield Canada Corp. Arcfield Canada has been a trusted partner to the Canadian Armed Forces for more than 35 years; supplying world-class in-service and integrated logistics support through its expertise in supply chain management, maintenance and repair, and engineering solutions. Arcfield Canada is a wholly owned subsidiary of Arcfield, a global defense and security solutions provider to the U.S. government and its allies. The company has more than 60 years of proven experience providing advanced engineering and analysis, and IT capabilities to support our nation's most critical national security missions. With 16 offices around the world, Arcfield employs approximately 1,200 engineers, analysts, IT specialists, and other professionals who put our customers' missions first, helping them solve their most complex challenges through innovations in modeling, simulation and analysis, and digital transformation. Visit arcfield.ca for more details. Press Contact: Deborah Lovegrove Arcfield Canada Sr. Manager, Marketing and Communications 613-818-5411 Deborah.lovegrove@arcfield.com

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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 10, 2019 | Local, Aerospace, Naval, Land, C4ISR, Security

  Canada is rich - and cheap

  EUGENE LANG Eugene Lang is an adjunct professor at the School of Policy Studies, Queen's University, and a fellow at the Canadian Global Affairs Institute. “It's Canada, they have money,” Donald Trump said at last week's NATO summit. Most of what the U.S. President says is either exaggerated or false, but occasionally he sums up in a sentence what everyone knows to be true. After admonishing Prime Minister Justin Trudeau at the summit for Canada's failure to meet, or strive toward, the North Atlantic Treaty Organization's defence-spending target of 2 per cent of Gross Domestic Product (GDP), Mr. Trump pointed out an inconvenient truth. The President was saying Canada is rich and cheap. But just how rich is Canada? Among the Group of Seven -- a group of the richest countries in the world -- Canada enjoys the third-highest per-capita income and, since 2016, has led the G7 in economic growth. Canada also has the lowest net-debt-to-GDP ratio among those same seven countries, and the second-lowest national-government-deficit-to-GDP ratio. Which means, in essence, that Canada is the third-richest country in the G7 and the best in class with government finances. Successive governments in Ottawa have spent 20 years boasting about this strong national balance sheet to Canadians at every turn, and telling anyone abroad who would listen. This is why Mr. Trump knows that Canada does indeed have money. We are rich, at least compared with most other countries. But are we cheap? Canada spends about 1.3 per cent of GDP on national defence, tying us for fourth with Italy within the G7. Yet, Ottawa has never fully accepted the validity of the defence-spending-to-GDP measure. Both the Harper government – which signed the Wales Declaration, enshrining the 2-per-cent NATO target – and the Trudeau government have claimed input measures such as the GDP ratio don't tell the full story, and that output indicators are more meaningful. The defence output measure that is best understood is the extent to which a country's military is engaged in operations internationally. On that score, Canada looks terrible. We have fewer troops deployed abroad today on NATO, United Nations and other multilateral missions than in decades. To be sure, having influence internationally and carrying your fair share of global responsibility entails much more than the size or engagement of your military. Official Development Assistance (ODA), or foreign aid, is another important measure in this connection. Canada also ranks fourth among G7 countries in ODA as a percentage of gross national income (GNI). However, Ottawa is spending only 0.28 per cent, up slightly from 0.26 per cent last year, the lowest level this century. Fifty years ago, a World Bank Commission report, titled Partners in Development, recommended developed countries spend 0.7 per cent of GNI on aid. That Commission was chaired by Lester Pearson, former prime minister of Canada, recipient of the Nobel Peace Prize and a Canadian icon. Over the years, various Canadian governments have paid homage to Mr. Pearson's vision. Yet in the five decades since his report was published, Canada has rarely reached half of the Pearson target in any given year. Whether Ottawa likes or doesn't like input or output measures, or GDP or GNI ratios, doesn't really matter in the world of international politics. For better or worse, these are the indicators that are used to compare and assess the degree to which countries are living up to their obligations and responsibilities internationally. Imperfect as they are, these are measures of burden sharing. They are the statistics countries look at when considering whether Canada or any other country is pulling its weight globally. And on these measures, Canada looks middling at best, and bad at worst, by both international comparative standards. At the same time, we are among the world leaders in economic growth among developed countries, and we have held the gold medal in public finances for years. Rich and cheap, as it were. That was the essence of Mr. Trump's criticism of Canada this week at the NATO Summit. And foreign governments the world over know it to be true. https://www.theglobeandmail.com/opinion/article-canada-is-rich-and-cheap/