August 30, 2022 | International, Aerospace, Naval, Land, C4ISR, Security
New Pentagon group hopes to revitalize effort to reduce mishaps
The Joint Safety Council held its first meeting Friday.
June 15, 2020 | International, Aerospace
GMV SUPPLIES THE SPANISH MOD WITH SYSTEMS OF THE RPAS SEEKER
06/09/2020
GMV has won a contract under the Spanish MoD's RAPAZ program for the supply of four Class I Seeker RPASs, to be integrated into the intelligence units of the Paratrooper Brigade and the Tercio de Armada de Infantería de Marina (Marine Infantry Protection Force), thus providing them with the most advanced version of the unmanned aircraft Seeker.
The UAS Seeker is an autonomous, rapid-deployment system developed by Aurea Avionics and supplied by GMV, providing intelligence, surveillance and reconnaissance capabilities over a 15 kilometer range with a 90-minute endurance and a weight of 3.5 kg. This aircraft represents a qualitative leap forward for the armed forces, strengthening their intelligence, surveillance and reconnaissance capabilities to ensure better operational capability and tactical superiority of Spanish troops.
Seeker constitutes the core of a situational awareness system providing real-time intelligence. It is designed for rapid-deployment and high-mobility military applications carrying out low-level intelligence, surveillance and reconnaissance tasks.
Within this project, due for delivery by October 2020, GMV will be running the design and manufacturing activities and also the various flight campaigns scheduled to check that the systems work properly before handover to the MoD.
https://www.gmv.com/en/Company/Communication/News/2020/06/Seeker.html
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August 26, 2021 | International, Aerospace, Naval, Land, C4ISR, Security
Defense supply chains should support allies, but favor domestic producers
The concept is simple: buy American when you can, buy from trusted allies when you must.
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April 6, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
Raytheon Technologies Corp. begins trading on NYSE
By: Jill Aitoro WASHINGTON — Less than a year after announcing plans to combine into a $121 billion company, Raytheon and United Technologies are officially no more — replaced by the combined entity Raytheon Technologies Corp., which kicked off trading Friday on the New York Stock Exchange. Listed under the ticker RTX, Raytheon Technologies began selling at $51 a share. With more than 866 million shares outstanding and a market cap of $74.5 billion, that price is bound to shift in the coming days, weeks and months. To put it in perspective, Raytheon closed Thursday at $122.43 a share, and UTC closed at $91.37 a share. With the merger, UTC shareholders owned 57 percent of Raytheon Technologies, and UTC will control eight of the 15 board seats. Tom Kennedy will serve as executive chairman, Greg Hayes as CEO and Toby O'Brien as chief financial officer. Planned divestitures will be completed post merger, though United Technologies did complete the spinoff of HVAC, refrigeration, fire and security solutions company Carrier Global Corp., as well as elevator and escalator manufacturer Otis Worldwide Corp. Both are now trading on the S&P 500. Amid the stock market fallout from the new coronavirus pandemic, Raytheon saw a bigger drop than most pure-play companies, likely due to the increased exposure to the commercial market that came with the merger. However, that could be short-lived, said Byron Callan of Capital Alpha Partners. “Raytheon has been the worst-performing stock [during the crisis] because they got tied into commercial aerospace through the merger," he told Defense News in an interview. “But going forward, that may be the most interesting [stock] of all because there will be a degree of balance.” https://www.defensenews.com/industry/2020/04/03/raytheon-technologies-corp-begins-trading-on-nyse/