November 13, 2017 | International, Aerospace, Naval, Land, C4ISR, Security
On 13 November 2017 ministers from 23 member states signed a joint notification on the Permanent Structured Cooperation (PESCO) and handed it over to the High Representative and the Council.
The possibility of the Permanent Structured Cooperation in the area of defence security and defence policy was introduced by the Lisbon Treaty. It foresees the possibility of a number of EU member states working more closely together in the area of security and defence. This permanent framework for defence cooperation will allow those member states willing and able to jointly develop defence capabilities, invest in shared projects, or enhance the operational readiness and contribution of their armed forces.
The member states who signed the joint notification are: Austria, Belgium, Bulgaria, Czech Republic, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Romania, Slovakia, Slovenia, Spain and Sweden. It is possible for other member states to join at a later stage.
The joint notification is the first formal step to set up the PESCO. It sets out:
Joint notification by member states to the High Representative and to the Council on PESCO
The Council now has to adopt a decision establishing PESCO by reinforced qualified majority. This could take place at the next Foreign Affairs Council (11 December).
A first list of projects to be undertaken within the PESCO framework should be agreed by the participating member states once PESCO has been established. These could cover areas such as training, capabilities development and operational readiness in the field of defence.
Factsheet: https://eeas.europa.eu/sites/eeas/files/pesco_factsheet_13-12-2017_final.pdf
October 25, 2023 | International, Land
French software maker Dassault Systemes on Wednesday hiked its 2023 profit outlook after a surge in subscription sales in the third quarter, sending its shares up 6%.
October 11, 2018 | International, Land
By: Aaron Mehta WASHINGTON — With the presence of drones ubiquitous in the skies, industry and international partners are turning their eyes closer to earth in an attempt to cash in on a growing sector: unmanned ground vehicles. “UGV market growth has historically been slow and steady, mostly S&T and niche procurements. What we're seeing now is an inflection point,” said Joshua Pavluk, a principal with Avascent. “There's a lot of activity happening and several DoD new starts happening nearly all at once.” That inflection point is partly the result of improved autonomy and navigation opening up opportunities, Pavluk said. But there is also a desire to see how these systems can transition from sole-mission capabilities, such as explosive ordnance disposal, to multi-mission systems capable of doing ISR, EW and communications. According to a report from the Center for the Study of the Drone at Bard College, total spending for ground drones in FY19 was set at $429 million, of which only $86 million is for procurement — DoD planned to buy 134 new systems during the fiscal year — and the rest for research and development. That pales in comparison to the $6.05 billion the Pentagon planned to spend on UAVs, and half the expected $982 million in naval drones. But that number shows steady growth, doubling in just two years from $212 million in FY17 and $310 million in FY18. And while explosive ordnance disposal systems still represent the biggest spending from the Army in this arena, it will likely be overtaken by programs such as the Army Common Robotic Systems and Robotic Ground System Advanced Technology Development. “The market won't match overall UAS spending levels anytime soon, but it's fast growing, and there's opportunity for the taking,” Pavluk said. However, Michael Blades, an analyst with Frost and Sullivan, is more subdued in his predictions. “It's a significant market and it is growing, but not at the levels of sea or air systems, or even counter-drone capabilities,” Blades said. “We will see some unmanned-unmanned teaming between UAS and UGV, but the land market for unmanned will be orders of magnitude smaller than the markets for air and maritime.” From a competition standpoint, Blades sees “the usual suspects” who are already in the market continuing to dominate in the coming years. And internationally, there are only a few players, with the market largely dominated by Israel. Could that change in the future? The international market generally lags behind the U.S. on such capabilities, Pavluk said, but he noted that “other countries will get in on the act, and it doesn't have to be large ones” to try and participate. Full article: https://www.defensenews.com/digital-show-dailies/ausa/2018/10/09/industry-nations-hope-to-cash-in-on-unmanned-ground-vehicle-growth
February 3, 2021 | International, Aerospace, Naval, Land, C4ISR, Security
By: Vivek Raghuvanshi NEW DELHI — India on Monday allocated $18.48 billion for weapons procurement in its 2021-2022 defense budget amid an ongoing military standoff with China and financial stress on the national economy due to the coronavirus pandemic. Excluding pensions, the new defense budget totals $49.6 billion, an increase of more than 3 percent from the previous year's $47.98 billion. New capital expenditure of $18.48 billion meant for arms procurement witnessed an increase of about 16 percent from the previous year's $15.91 billion. This is the highest-ever increase in capital outlay for defense in the last 15 years, according to Indian Defence Minister Rajnath Singh. An additional $2.84 billion was spent on emergency arms purchases in the summer of 2020 to deal with the ongoing confrontation with China. The budget's revenue expenditure meant for maintenance of existing weapons, pay and allowances, and recurring expenses is set at $29.02 billion, compared to $28.75 billion in the previous defense budget. Officials in India point to the COVID-19 pandemic as disrupting the economy and thus affecting the government's income and driving spending decisions. Consequently, the defense budget might not be as high as it would've been were there not a pandemic, said Amit Cowshish, a former financial adviser for acquisition at the Ministry of Defence. Cowshish noted that the funds may be inadequate for all the planned acquisitions from abroad and at home to be signed during the upcoming financial year, which begins April 1. Capital expenditure is essentially defense funding meant for fresh arms procurement and existing liabilities from previously conducted defense contracts. Revenue expenditure is defense spending meant for the pay and allowances of military personnel as well as the maintenance of weapons and other existing inventory items. The Army will receive $4.9 billion in capital expenditure, which is an increase of 8.17 percent from the previous year's $4.53 billion. “The service could buy additional military vehicles and upgrade its drones fleet,” a senior Army official said. The service's revenue expenditure is set at $20.37 billion, compared to $20.11 billion in the previous budget. The Navy will receive $4.55 billion in capital expenditure, which is an increase of nearly 22 percent from previous year's $3.73 billion. This could pave the way for the service to buy 10 tactical MQ-9 Reaper drones from General Atomics through the U.S. Foreign Military Sales program, an Indian Navy official said. The revenue expenditure for the Navy is $3.19 billion, which is meant for the maintenance of warships and submarines, compared to $3.13 billion in the previous budget. The Air Force will receive $7.2 billion in capital expenditure, which is a hike of 19 percent from the previous year's $6.05 billion. According to a service official, this will go toward a new contract for 83 homemade LCA MK1A Tejas light combat aircraft, an existing commitment to pay for 36 Rafale fighters from France and five units of S-400 missile defense systems from Russia, among other efforts. The Air Force's revenue expenditure is $4.19 billion, compared to $4.1 billion in the previous budget. About $1.55 billion in capital expenditure will go toward the state-owned Defence Research and Development Organisation for new projects, compared to $1.47 billion in the previous budget. DRDO has also been given a revenue expenditure totaling $1.24 billion, compared to $1.2 billion last year. This year, existing liabilities could eat up to 90 percent of the new capital expenditure, which will impact several new weapons procurement efforts, an MoD official said. But if that high percentage is accurate, according to Cowshish, there must be a lot of equipment already on contract. The military will have to make do with whatever amount is left over for acquiring new systems, he noted. “Capability-building and self-reliance ... are long-term projects, which are not dependent entirely on the budgetary allocation in a particular year. Hopefully things will improve in the future.” https://www.defensenews.com/global/asia-pacific/2021/02/02/india-releases-details-of-new-defense-budget/