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June 16, 2024 | International, Land

From Russia with interest: G7 to loan Ukraine $50bn from Moscow’s frozen assets - Army Technology

The G7 will use annual interest from $325bn in frozen Russian assets to pay off interest on a $50bn loan for Ukraine’s war effort.

https://www.army-technology.com/news/from-russia-with-interest-g7-to-loan-ukraine-50bn-from-moscows-frozen-assets/

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  • Lockheed Martin Awards Critical SPY-7 Radar Manufacturing To Spanish Companies

    July 25, 2024 | International, Naval

    Lockheed Martin Awards Critical SPY-7 Radar Manufacturing To Spanish Companies

    As part of Lockheed Martin's commitment to expanding its international supply chain, these purchase orders aim to integrate Spain into the company's global SPY-7 supply chain, enhancing resiliency and expanding...

  • Lithuania signs for Black Hawk helos

    November 17, 2020 | International, Aerospace

    Lithuania signs for Black Hawk helos

    by Gareth Jennings Lithuania signed for four Sikorsky UH-60M Black Hawk transport and utility helicopters on 13 November, the country's Ministry of National Defence (MND) announced. The USD213 million procurement, which will be paid off over five years, includes additional equipment, spares, and a training, repair, and logistical support package. The US government is providing USD30 million to support the purchase, and has cleared the sale of a further two helicopters should the Lithuanian Armed Forces request them. “The decision to pass on to a modern western technology that meets all criteria and requirements was made in order to ensure proper readiness of armed forces to face the challenges of modern armed conflicts, as well as excellent compatibility and interoperability with allies. The new platform will fully substitute for the [Mil] Mi-8Ts currently used by the Lithuanian Armed Forces. The Soviet-made helicopter fleet is in its thirties, and its airworthiness has come to the deadline, its operation is also difficult: expensive maintenance, prone to failures, risky repair because of complicated provision of spares from Russia,” the MND said. News of the contract came some four months after the US State Department approved the sale to Lithuania of six Black Hawks for USD380 million. The Defense Security Cooperation Agency (DSCA) notification on 6 July followed an announcement by the MND in late 2019 that the country was to begin negotiations with the US government to acquire the Black Hawks to replace three Soviet-made Mi-8 ‘Hips' and three French-built Aerospatiale AS365 N3+ Dauphins. https://www.janes.com/defence-news/news-detail/lithuania-signs-for-black-hawk-helos

  • Airbus Corporate Jets wins first A321LR order for two aircraft

    August 14, 2020 | International, Aerospace

    Airbus Corporate Jets wins first A321LR order for two aircraft

    August 14, 2020 - Airbus Corporate Jets (ACJ) has won the first A321LR order for two aircraft from Lufthansa Technik, highlighting the market appeal and versatility of the A320neo Family. The aircraft will be multi-role capable and can be equipped for various types of missions, such as troop transport, different MedEvac role setups (medical evacuation) and will be operated by the German Air Force (Luftwaffe). Lufthansa Technik has now placed a total order of five Airbus aircraft on behalf of the German Government: three ACJ350-900s and two A321LRs. The A321LRs will be able to fly up to 163 passengers, up to 6 intensive care patients and up to 12 medium care patients, depending on the installed configuration, with a maximum range of 4,200nm/7,800km or 9.5 flight hours. “We are thrilled Lufthansa Technik has become the launch customer for the ACJ long-range version of the world's best-selling A321neo,” said Benoit Defforge, ACJ President. “The ACJ320 Family features the widest cabin of any single-aisle aircraft in the sky, providing the greatest passenger comfort and intercontinental range. Lufthansa Technik and the German Government have a long-standing relationship with Airbus and we are proud of this new milestone order with us.” The A321LR is a member of the A320neo Family with over 7,400 orders by more than 110 customers. It delivers 30 per cent fuel savings and nearly 50 per cent reduction in noise footprint compared to previous generation competitor aircraft. With a range of up to 4,000nm (7,400km), with 206 passengers, the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single-aisle aircraft cabin. Featuring the most spacious cabins of any business jet, while being similar in size to competing large-cabin aircraft, the ACJ320neo Family also delivers similar operating costs. The ACJ320neo Family can do this because its lower maintenance and training overheads – part of its airliner heritage – deliver a similar total cost when combined with fuel and navigation and landing charges. Some 12,000 Airbus aircraft are in service worldwide, supported by a globe-spanning network of spares and training centres, giving corporate jet customers unmatched support in the field. Airbus corporate jet customers also benefit from services tailored to their particular needs, such as the “one call handles all” corporate jet customer care centre (C4you), and customised maintenance programmes. Combined with the inherent reliability that comes from aircraft designed to fly many times a day, the ACJ320neo Family is both dependable and available when customers need it. Airbus corporate jets are part of the world's most modern aircraft family, which delivers, as standard, features which either cost more, or are unavailable, in competitors. These features include the protection and simplicity of fly-by-wire controls, the benefits of Category 3B autoland, and time and cost-saving centralised maintenance on all systems. Around 200 Airbus corporate jets are in service on every continent, including Antarctica, highlighting their versatility in challenging environments. #ACJ #A321LR @LHTechnik Your Contact Heiko Stolzke External Communications - Airbus Commercial Aircraft +49 151 4615 0714 Send an email Stefan Schaffrath Head of External Communications - Airbus Commercial Aircraft +33 6 16 09 55 92 Send an email View source version on Airbus: https://www.airbus.com/newsroom/press-releases/en/2020/08/airbus-corporate-jets-wins-first-a321lr-order-for-two-aircraft.html

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