May 20, 2022 | International, Land
Colombia to buy 12 French-made Caesar howitzers
The acquisition is part of the country's effort to modernize and to increase its conventional military capabilities for countering insurgencies and drug trafficking.
July 30, 2019 | International, Aerospace
July 29, 2019 - Edgewood, NY -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it has been awarded a $65.7 million indefinite-delivery/indefinite-quantity (IDIQ) contract from the United States Air Force to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program (“PC III”) and the Talon Repair Inspection and Maintenance (“TRIM”) program. The company also received its first delivery order under the contract valued at $3.4 million for which work will commence immediately.
For more than 50 years, the Northrop T-38 has been the principal supersonic jet trainer used by the US Air Force. PC III and TRIM are expected to increase the structural service life of the T-38 beyond 2030. PC III is a three-phase aircraft modification program that began in 2011 to increase the structural service life of a certain number of T-38C Talon aircraft. Requirements for Phase I were fulfilled by Northrop Grumman Technical Services. In 2015, CPI Aero was awarded Phase 2 of PC III and is currently supplying kits and services to the USAF under that contract through 2021. Under the new contract announced today, CPI will support the final phase of PC III as well as TRIM. The TRIM program is a separate USAF structural modification effort that will extend the structural service life of T-38A and T-38 model types, as well as, T-38C models that were not modified during PC III.
Douglas McCrosson, President and CEO of CPI Aero, stated, “We are honored to have been chosen by the U.S. Air Force to continue our work on PC III and begin work on TRIM , two programs that are essential to the critical mission of training our future military aviators. This contract recognizes our excellent past performance as a prime contractor to the USAF and our long history with the T-38 platform that dates back to 2001. It is a testament to our reputation as an exceptional supply chain partner and leverages the investments we have made in developing world class engineering, supply chain management and program management capabilities.”
For the PCIII Phase III requirement, the period of performance is anticipated as a three-year ordering period, with an additional one year for delivery after an order is placed. For the TRIM requirement, the period of performance is anticipated as a 10-year ordering period, with an additional one year for delivery after an order is placed.
About CPI Aero
CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance and Electronic Warfare pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. CPI Aero is included in the Russell Microcap® Index.
The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2018, and Form 10-Q for the three-month period ended March 31, 2019.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.
Contact:
Vincent Palazzolo
Chief Financial Officer
CPI Aero
(631) 586-5200
www.cpiaero.com
Investor Relations Counsel:
LHA Investor Relations
Sanjay M. Hurry/Jody Burfening
(212) 838-3777
cpiaero@lhai.com
www.lhai.com
View source version on CPI Aero: http://www.cpiaero.com/cpi-aero-announces-%2465.7m-air-force-contract.html
May 20, 2022 | International, Land
The acquisition is part of the country's effort to modernize and to increase its conventional military capabilities for countering insurgencies and drug trafficking.
June 23, 2020 | International, Naval
By: Tom Kington ROME — In mid-May, Libyans standing on a beach in the west of the country reportedly watched a Turkish frigate off the coast fire a missile, which downed a drone operated by the United Arab Emirates. The incident has not been confirmed but is consistent with Turkey's bold use of naval power in recent weeks as it takes a central role in a proxy war in Libya that has sucked in regional players from Russia and Egypt to Qatar and France. So far, Turkey's foes in Libya appear to be impressed by its show of strength. “In recent days there have been no reports of UAE drone flights against Turkish backed targets,” said Jalel Harchaoui, an analyst at the Clingendael Institute in the Netherlands. Turkey's stance in Libya shows how the Mediterranean has turned in a few years from a backwater on the fringes of Middle East turmoil to a major flash point. As Libya burns, tensions are also rising over new gas fields in the Mediterranean and Russia is re-entering the fray. The result is a new round of naval rearmament. “Tension is escalating and I see procurement following suit,” said Sidharth Kaushal, a sea power research fellow at the Royal United Services Institute in London. Turkish navy ships have been a constant presence off the Libyan coast since Turkish leader Recep Tayyip Erdogan sided with the U.N.-recognized Libyan government in Tripoli in its defense of the capital against an attack by Libyan strongman Gen. Khalifar Haftar. This spring, Tripoli forces backed by Syrian fighters sent in by Turkey rebuffed Haftar, despite the general receiving backing from Russian mercenaries, the UAE, Egypt and France. To help ensure the victory, Turkish vessels are thought to have given sensor support to Turkish drones as they attacked Haftar and destroyed Russian Pantsir air defense systems backing him. Turkey sails ex-Oliver Hazard Perry-class vessels it acquired second-hand from the U.S. Navy which fire surface to air missiles, and is also eyeing new frigates, said Kaushal. “They might build their own hull but would shop abroad for electronics and sensors, rather like China did in the early 2000′s,” he said. Vessels that Turkey has already deployed in the Mediterranean have been also been busy escorting cargo ships to Libya allegedly loaded with arms and supplies for fighters in Tripoli. One such cargo ship was reportedly confronted on June 10 by a European Union task force set up to stop violations of an international arms embargo on Libya, only for the Turkish frigates escorting the vessel to turn back the EU force. What makes the new tension in the Mediterranean so confusing is how old rules and alliances have been blurred. Turkey's alleged violation of the arms embargo came weeks after its vessels had joined partner navies for a NATO exercise off the Algerian coast. Turkey has meanwhile been accused of threatening Cyprus' rights to undersea gas deposits with its own plans to drill in the Mediterranean, sparking a show-of-force naval exercise by Turkey's NATO allies France and Italy to tamp down Turkey's aggression. Turkey's behavior has also rattled Egypt, said analyst Harchaoui, despite Cairo's own recent spending spree on naval assets from France, including two Mistral amphibious vessels purchased after Paris opted not to sell them to Russia, four Gowind corvettes and a FREMM frigate. Italy, which has also built FREMMs in a joint program with France, is now in talks to sell two of the vessels to Egypt. The ships are ready, since they were originally built for the Italian navy, which will now have to wait for the construction of two more ships by Italy's Fincantieri to fill its own quota. At the eastern end of the Mediterranean, Russia is meanwhile renewing its Black Sea fleet and looking to leverage its access to Syria's Tartus port to increase its naval clout in the Mediterranean as it seeks to become a player in the region, said Kaushal. “Russia wants to be able to arm all its vessels with its Kalibr cruise missile, which has previously fired 2,000 kilometers from the Caspian into Syria,” he said. “It is a very cheap way to build up power projection. Putting this type of missile on low-cost vessels is the future, Russia is setting the trend by making minimal resources go a long way, and France and Italy, as well as Greece and Turkey may follow suit,” he said. “Russia also has the P-800 Oniks supersonic anti-ship missile, which reaches 400 kilometers to 600 kilometers — and there is no Western equivalent,” he added. The build up of lethal naval hardware in the Mediterranean is also going on under the sea, with submarines returning to the area in numbers. “It is not impossible that Turkey would send submarines to Libya,” said Harchaoui. Last year Algeria test fired a Kalibr missile from one of its Kilo-class Russian submarines, while in April, Egypt took delivery of the third of four German HDW Class 209 subs it has ordered. Germany has also supplied Turkey and Greece, which operate 12 and 11 subs respectively. “There are 20-30 submarines deployable in the Mediterranean now, a higher number than 10 years ago,” said Paolo Crippa, a defense analyst at the Cesi think tank in Rome. The total number of subs operated by countries giving on to the Mediterranean is currently 63, he said. It is therefore hardly surprising the Italian Navy is increasing its focus on anti-submarine capabilities. If it does hand over two of its FREMM vessels for the Egypt deal, it will likely order the two replacements with added anti-submarine capabilities. Italy is meanwhile due to receive a new LHD vessel, the Trieste, which will host the navy's F-35Bs, while local yard Fincantieri is also building new PPA vessels for the navy. In a defense white paper drawn up in 2015, Italy said it aspired to be the top naval power in the Mediterranean. Five years on, in a much changed world, that ambition is increasingly under threat. “In terms of number of vessels, Italy's aim might be reasonable, but the political will to use a navy will always be key,” Kaushal said. https://www.defensenews.com/global/europe/2020/06/22/a-naval-arms-race-is-gaining-speed-in-the-mediterranean-sea/
August 29, 2018 | International, Aerospace
Par Julien Bouissou L'achat par l'Inde, en 2016, de trente-six exemplaire de l'avion de combat de Dassault suscite la colère de l'opposition. Le Parti du Congrès dénonce le rôle joué par un proche du premier ministre Narendra Modi. Deux ans après l'achat par New Delhi de trente-six avions de combat Rafale, le contrat signé avec Dassault Aviation se retrouve au cœur d'une tempête politique en Inde. Pas un jour ne passe sans que le Parti du Congrès, dans l'opposition, n'attaque le gouvernement de Narendra Modi sur son manque de transparence et sa connivence avec Anil Ambani, le partenaire indien de l'avionneur français. Rahul Gandhi, le président du Parti du Congrès, a qualifié le contrat d'« escroquerie ». Une polémique qui pourrait ternir l'image de Dassault Aviation alors que le groupe tricolore est en concurrence pour fournir à l'Inde 110 avions de combat supplémentaires. Six avionneurs ont répondu, le 6 juillet, à la demande d'information (« Request for Information ») déposée par New Delhi pour ce nouveau contrat. L'« affaire Rafale », comme on la surnomme désormais dans les médias indiens, était née de l'annonce surprise faite par M. Modi d'acheter trente-six avions de combat lors de sa visite à Paris en avril 2015. Premières livraisons prévues en 2019 L'appel d'offres remporté en 2012 par Dassault prévoyait la livraison de 126 appareils, dont 108 assemblés sur le sol indien. Mais en ce printemps 2015, les négociations piétinent depuis trois ans. Elles butent sur le prix final et le partage des responsabilités pour les avions assemblés en Inde. Or les escadrons de l'armée de l'air indienne se rapprochent dangereusement de l'obsolescence, au risque de compromettre la sécurité du pays. M. Modi, pourtant si attaché au « Make in India », enterre le « contrat du siècle » qui prévoyait la construction d'une chaîne d'assemblage Rafale en Inde. Les trente-six avions, dont les premières livraisons sont prévues en 2019, seront produits en France. Le nouveau contrat, signé quelques mois plus tard dans le cadre d'un accord intergouvernemental, est assorti d'une clause d'« offset », c'est-à-dire qu'une... Article complet: https://www.lemonde.fr/economie/article/2018/08/28/en-inde-le-contrat-rafale-tourne-au-scandale-politique_5347034_3234.html