Cyberattack Group 'Awaken Likho' Targets Russian Government with Advanced Tools

On the same subject

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  November 4, 2019 | International, Land

  U.S. Marine Corps Orders More Amphibious Combat Vehicles from BAE Systems

  October 30, 2019 - BAE Systems has received a $120 million contract from the U.S. Marine Corps for additional Amphibious Combat Vehicles under a third order for Low Rate Initial Production (LRIP). This award is an important next step on the path to full rate production. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191030005625/en/ This latest contract is for the ACV personnel carrier variant (ACV-P), an eight-wheeled amphibious assault vehicle capable of transporting Marines from open-ocean ship to shore and conducting land operations. Each vehicle embarks 13 Marines in addition to a crew of three. “This award further validates the Marine Corps' confidence in the vehicle's proven capability in meeting their amphibious mission, and represents an important step toward fielding the vehicle in the Fleet Marine Force. The ACV is a highly mobile, survivable and adaptable platform designed for growth to meet future mission role requirements while bringing enhanced combat power to the battlefield,” said John Swift, director of amphibious programs at BAE Systems. Current low-rate production is focused on the ACV-P variant. More variants will be added under full rate production to include the command and control (ACV-C), 30mm medium caliber turret (ACV-30) and recovery variants (ACV-R) under the ACV Family of Vehicles program. BAE Systems previously received the Lot 1 and Lot 2 awards. The Marine Corps selected BAE Systems along with teammate Iveco Defence Vehicles for the ACV program in 2018 to replace its legacy fleet of Assault Amphibious Vehicles, which have been in service for decades and were also built by BAE Systems. ACV production and support is taking place at BAE Systems locations in Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and York, Pennsylvania. View source version on businesswire.com: https://www.businesswire.com/news/home/20191030005625/en/

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  November 21, 2024 | International, C4ISR, Security

  Chinese APT Gelsemium Targets Linux Systems with New WolfsBane Backdoor

  Gelsemium debuts Linux malware WolfsBane in cyber espionage attacks on East Asia, ESET reveals.

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  August 13, 2019 | International, Aerospace

  Could Textron Become Purer A&D Company, Or Be Sold?

  By Michael Bruno As a multi-industrial manufacturer, Textron sells many transportation vehicles, from military helicopters to UAVs and even snowmobiles and recreational four-wheelers. But a new corporate review may indicate the conglomerate could be looking to become an aerospace and defense (A&D)-focused company similar to other large rivals, according to analysts. Earlier this month, Textron announced it is reviewing strategic alternatives such as a sale or spin-off of its German Kautex business unit, which produces fuel systems and other functional components. Kautex operates more than 30 plants in 14 countries and generated more than $2.3 billion in revenue in 2018. “Kautex strategic review suggests Textron wants to become an A&D ‘pure-play,'” Cowen analysts Cai von Rumohr and his team said Aug. 9. “The thesis is that ‘new Textron' could command a higher [valuation] multiple closer to A&D pure-plays; and it would have optionality for merger and acquisition (M&A) or stock repurchasing to leverage its new product-driven growth.” The Cowen analysts said they think that if Kautex is disposed of, so could golf cart maker Textron Specialized Vehicles or other units in Textron's Industrial division. In turn, the company could use proceeds and money saved to bolt on smaller A&D businesses, or it could continue active share repurchases to lever benefits of expected growth from new products such as Longitude, Sky Courier, Denali and V-280. “A third possibility is that free of Industrial, Textron could be of interest to larger primes, who would bring more lobbying clout to V-280,” the analysts said. Buying candidates could be Boeing or General Dynamics, they added. Separately, a well-known adviser to the A&D industry recently told Aerospace DAILY that Textron would make a good acquisition target for other A&D players. “Over the years I've had my clients take a hard look at that one,” the consultant said. This person listed Boeing and Lockheed for possible top-level consolidation, although getting Pentagon and Trump administration approval could be more of a challenge than for other recent M&A deals. To be sure, Textron is already an aerospace-focused multi-industrial. According to Cowen, it is the leader in Class 1-5 business jets (which make up 24% of annual total revenue), with positions in helicopters via Bell (26%), defense systems (12%), and then industrial products (25%). Defense as an end-market accounts for 29%. But conglomerates are increasingly breaking up and those with A&D elements continue to focus on those businesses. United Technologies is working to spin off its elevators and air conditioning businesses while adding Raytheon. General Electric is divesting major units but favoring aviation. Honeywell International in recent years has spun off units to focus more on A&D and related businesses. One reason for the portfolio shaping is because of pressure from major investors who want companies to be more focused, in part so they can balance their own investment portfolios rather than relying on a company to try to play in various industries. Goldman Sachs is advising Textron on its review. Textron reiterated that no decision has been made and there are no assurances that the process will result in any transaction being announced or completed. The company has not set a definitive timetable for completion of its review of strategic alternatives and does not intend to make any further announcements related to its review unless and until its board of directors has approved a specific transaction or Textron otherwise determines that further disclosure is appropriate. https://aviationweek.com/business-aviation/could-textron-become-purer-ad-company-or-be-sold