August 25, 2024 | International, Land
US sanctions hundreds of firms accused of aiding Russia’s war machine
The sanctions are intended to fulfill President Biden's commitments with G-7 counterparts to disrupt Russia’s military supply chains.
September 16, 2020 | International, Aerospace
Boeing fires up 'loyal wingman' engine ahead of flight trials
Gareth Jennings
Boeing Australia has powered up the engine of the first ‘loyal wingman' unmanned aerial vehicle it is developing in partnership with the Royal Australian Air Force (RAAF) ahead of upcoming flight trials.
The milestone, announced on 15 September, follows the completion earlier this year of the unmanned aerial vehicle (UAV) that is serving as the foundation for the global Boeing Airpower Teaming System (ATS).
“This engine run gets us closer toward flying the first aircraft later this year,” Dr Shane Arnott, programme director of the Boeing ATS was quoted as saying. “We've been able to select a very light, off-the-shelf jet engine for the unmanned system as a result of the advanced manufacturing technologies applied to the aircraft.” Boeing has not yet disclosed which engine it has chosen for the ATS.
When it was unveiled at the Avalon Air Show in 2019, the ATS concept was named Boeing ATS (BATS). The Australian Department of Defense (DoD) said it would invest AUD40 million (USD29 million at the time) in the development. Boeing said the system represents the company's largest investment in a UAV programme outside the United States but did not disclose the amount involved.
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January 2, 2019 | International, Aerospace
Israel Aerospace considering investment in drone maker Aeronautics
JERUSALEM (Reuters) - State-owned defense contractor Israel Aerospace Industries (IAI) [ISRAI.UL] said on Tuesday it was in talks to invest in local drone maker Aeronautics (ARCS.TA). The talks were at an early stage, IAI said, and no financial details were disclosed. Meanwhile Aeronautics, which was searched on Monday by Israel Securities Authority investigators, said separately it was also talking to another unidentified group regarding the sale of its 50 percent stake in the surveillance and reconnaissance company Controp Precision Technologies. In August, Aeronautics rejected a 430 million shekel ($115 million) acquisition offer from IAI rival, state-owned Rafael Advanced Defense Systems, and businessman Avihai Stolero. Israel-based Aeronautics manufactures unmanned aerial vehicles for military surveillance and defense purposes, as well as for the commercial sector. On Monday, investigators from the market regulator searched Aeronautics' office, the company said. A court has placed a gag order on details of the investigation. It was not the first time Aeronautics has been probed by Israeli authorities. In August 2017, Aeronautics said the Defence Ministry had suspended the marketing and export license for one of the firm's attack drones to a single, significant customer in a foreign country. It denied it was at fault. Israeli media at the time reported that the ministry had opened an investigation into Aeronautics over whether during a demonstration in Azerbaijan one of its drones was used to attack a military position in the neighboring country of Armenia, and if so, who was at fault. In November that same year Israeli police said they were investigating one of the drone maker's deals but did not give details. Reporting by Ari Rabinovitch; Editing by Alison Williams https://www.reuters.com/article/us-aeronautics-ltd-m-a-il-aerospace-ind/israel-aerospace-considering-investment-in-drone-maker-aeronautics-idUSKCN1OV1JL
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August 5, 2019 | International, Aerospace, C4ISR
Acorn Growth Companies Acquires Robbins-Gioia
OKLAHOMA CITY--(BUSINESS WIRE)--Acorn Growth Companies, a private equity firm investing exclusively in aerospace, defense and intelligence, announced today the investment and controlling interest in Robbins-Gioia, a market leader in providing unique systems modernization and enterprise solutions focused on enhancing capabilities and improving performance and readiness for the federal government and industry. “Our investment in Robbins-Gioia represents our ongoing commitment in supporting the nation's requirements to modernize, streamline and secure its information technology architecture,” said Rick Nagel, managing partner of Acorn Growth Companies. “Robbins-Gioia's expertise in complex, enterprise-wide systems modernization, as well as the deeply embedded nature of its proprietary software products in critical military MRO systems have positioned the company for strong future growth. As the federal government continues to focus on systems modernization and warfighter readiness, we expect Robbins-Gioia will continue to deliver thought leadership and innovative solutions in support of these missions.” Headquartered in Alexandria, Virginia, Robbins-Gioia was the first firm to specialize in systems modernization solutions for the federal government and industry – transforming how they deliver and maintain readiness. The firm has evolved to be globally recognized for delivering purpose-built solutions to diverse challenges in business and government that modernize, secure and make its information technology architecture more efficient and effective through managed services, management consulting and innovative software tools, including The Jaguar Family of Advanced Scheduling Tools (JFAST™). JFAST is Robbins-Gioia 's premier suite of software tools for planning, analysis and management of complex, mission-critical activities for defense organizations. Robbins-Gioia enables the readiness of some of the nation's most critical military assets – keeping aircraft flying and ships sailing, using its JFAST scheduling systems. “We're excited to be partnered with Acorn Growth Companies,” said Brad King, CEO of Robbins-Gioia. “Acorn has a strong track record of success investing in and enabling the growth of companies within aerospace, defense and intelligence. With its tremendous network and planned investments in our people, processes and products, we see this partnership with Acorn as a key driver in the achievement of our vision to be the leader in delivering modernization and transformation for the federal government and similarly complex enterprises.” Terms of the transaction were not disclosed. About Robbins-Gioia Founded in 1980, Robbins-Gioia was the first firm specializing in program management services for the federal government. Today, they are the market leader in providing unique systems modernization and enterprise solutions focused on enhancing capabilities and improving performance and readiness for the federal government and industry. They deliver purpose-built solutions to diverse challenges in business and government through managed services, management consulting and software tools including JFAST™, RG's premier suite of software tools for planning, analysis, and management of complex, mission-critical activities for defense organizations. www.teamrg.com Acorn Growth Companies is a middle market private equity firm focused exclusively on Aerospace, Defense and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the aerospace & defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders. AcornGrowthCompanies.com https://www.businesswire.com/news/home/20190805005409/en