January 7, 2022 | International, Naval
Naval Surface Warfare Center invests in additive manufacturing prototypes
The Pentagon believes new additive manufacturing techniques could help them protect military technologies from tampering or intrusion.
January 11, 2019 | International, Aerospace
Embraer and Boeing Welcome Brazilian Government Approval of Strategic Partnership
SAO PAULO and CHICAGO, Jan. 10, 2019 /PRNewswire/ -- Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets.
The government's approval comes after the two companies last month approved terms for the joint venture that will be made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 percent ownership stake in the new company and Embraer will hold the remaining 20 percent.
The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent.
Once Embraer's Board of Directors ratifies its prior approval, the two companies will then execute definitive transaction documents. The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to reach final agreement on a transaction, consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.
Media Contacts:
Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002
Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891
SOURCE Boeing
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August 31, 2023 | International, Land
HENSOLDT and ERA announce Strategic Collaboration for Passive Advanced Air-Surveillance and Air-Defence Solutions
This collaboration is a response to the insights gained from recent conflicts in Europe, emphasizing the need for cutting-edge technologies to enhance national and European security.
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May 1, 2020 | International, Land
L3Harris Technologies equips the U.S Army’s first unit with enhanced night vision google-binocular
Londonderry, N.H. April 30, 2020 - L3Harris Technologies (NYSE:LHX) has completed delivery of 656 combat-ready Enhanced Night Vision Goggle – Binocular (ENVG-B) systems to the U.S. Army. This delivery fully equips the Army's first unit with next generation night vision technology that enhances the soldier's ability to locate and engage threats and access common operating environment imagery, thus improving the soldier's situational awareness, mobility and protection. “The success of the ENVG-B program is based on our continued collaboration with the U.S. Army and our ability to rapidly develop, test and deliver next generation capabilities that enable our soldiers to combat near-peer threats around the world,” said Lynn Bollengier, President, Integrated Vision Solutions, L3Harris. “Delivering imagery and data from the battlefield directly to the soldier's eye is game changing technology and L3Harris is proud to equip the Army with the first combat-ready goggles of this kind.” This delivery is part of the initial order the company received under the $391 million ENVG-B Directed Requirement contract from the Army in 2018. The first 52 systems were delivered last fall. To date, L3Harris has received orders to deliver just over 10,000 ENVG-B systems under the Directed Requirements contract. The ENVG-B includes a new high-resolution display and an embedded soldier wireless personal area network, rapid target acquisition and augmented reality algorithms to interface with the Army's Nett Warrior. The complete system will interface with the Army's family of weapon sights, while enhancing interoperability and data sharing. About L3Harris Technologies L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 50,000 employees, with customers in 130 countries. L3Harris.com. Forward-Looking Statements This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs and about technology capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on L3Harris Technologies: https://www.l3harris.com/newsroom/press-release/2020/04/89751/l3harris-technologies-equips-the-us-armys-first-unit-with-enhanced-night-vision-goggle--binocular?utm_source=twitter&utm_medium=social&utm_campaign=cs-ivs-pr-envg-b