Hensoldt Wins Billion-dollar Contract for "PEGASUS" Reconnai

On the same subject

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  September 24, 2019 | International, Aerospace

  U.S. Air Force Faces Next-Generation Engine Funding Crisis

  Adaptive engine technology faces its first major funding crisis as a 13-year-long, $4 billion investment by the U.S. Defense Department approaches a key milestone. Senate appropriators have threatened to reduce the fiscal 2020 budget for the Adaptive Engine Transition Program (AETP) by nearly one-third. The $270 million cut would be “pretty devastating,” says David Tweedie, general manager of GE's advanced combat engine program. https://aviationweek.com/defense/us-air-force-faces-next-generation-engine-funding-crisis

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  July 3, 2018 | International, C4ISR

  French firm makes moves to fund cybersecurity expansion

  By: Pierre Tran Communications & Systèmes, a specialist in mission critical systems, launched July 2 a capital increase to raise €10.2 million (U.S. $11.9 million) and finance an announced expansion in European defense and security. The rights issue is intended to raise finance for a mergers and acquisition plan, dubbed Plan Ambition 2021, and follows the approval June 26 by a CS shareholders meeting for the acquisition of Novidy's, a cybersecurity company. “I am rather delighted. This is a step forward,” CS CEO Eric Blanc-Garin told Fifth Domain July 2. “The capital increase will enlarge the shareholder base, bring in more institutional investors and improve the stock liquidity.” The main aim is to fund the company's expansion by mergers and acquisition. “We have targets; we are in active discussion,” he said, when asked if CS has a list of companies in its M&A plan. An issue of new stock is intended to raise €10.2 million, which could rise to €11.5 million if the offer meets demand from the stock market. The new stock will be priced at €5.90 per share, a 22.2 percent discount on the closing price June 28. Current shareholders are offered two new shares for every 25 shares held. A core shareholder, Sopra Steria Group, has committed to subscribe to the stock issue. Sopra Steria holds 10.36 percent of CS and has pledged to inject €1.1 million into the company by exercising its preferential rights. “This capital increase will allow CS to have the means necessary to realize other operations of external growth with priority in Europe in the growth sectors of defense and civil security, space and cybersecurity,” the company said in a statement. Current shareholders will have a preferential right for subscribing to the stock issue. The shareholders meeting approved the capital increase, which had been announced as a second step in the Plan Ambition 2010 and follows the agreed offer for Novidy's. The acquisition of Novidy's boosts CS's annual sales in cybersecurity to €40 million, with the sector accounting for 20 percent of the company's total revenue, the company said in a June 26 statement. “We are delighted that our shareholders have unanimously approved this acquisition, which allows CS to mark a new stage in its development,” Blanc-Garin said in the statement. “This is the first significant step in our strategic plan, Ambition 2021.” https://www.fifthdomain.com/industry/2018/07/02/french-firm-makes-moves-to-fund-cybersecurity-expansion/

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  August 14, 2020 | International, C4ISR, Security

  BAE Systems Wins Contract to Deliver and Manage Secure Networks Across Essential Government Agencies

  August 12, 2020 - The U.S. Air Force Research Laboratory (AFRL) has awarded BAE Systems a five-year $85 million contract1 to continue to develop, deploy, modernize, and maintain cross-domain solutions that allow for secure transfer of sensitive information between government networks. The work on the contract will enable the secure exchange of data—including streaming video, images and audio—to enhance mission collaboration. BAE Systems will also provide research, development, and evaluation of new technologies, including the integration of innovative artificial intelligence and machine learning capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200812005454/en/ “As the military cyberspace battlefield expands, we understand how critical it is that secure, innovative intelligence solutions are available to warfighting commands and combat support agencies to communicate safety and effectively,” said Pete Trainer, vice president and general manager of BAE Systems' Air Force Solutions business. “We are pleased to continue our long-standing partnership with the Air Force Research Laboratory and provide our expertise in high-assurance, cross-domain technologies to meet this new mission need. Our services will provide end-users access to virtual information and analysis faster, allowing them to make informed decisions quickly.” BAE Systems is a leading systems integrator supporting militaries, governments, and U.S. intelligence community members across the globe. The company's advanced technologies and services protect people and national security, and keep critical information and infrastructure secure across air, land, sea, space, and cyber domains. 1 This material is based upon work supported by the Air Force Research Lab under Contract No. FA8750-20-F-0007. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the Air Force Research Lab. View source version on businesswire.com: https://www.businesswire.com/news/home/20200812005454/en/ (Photo: BAE Systems)