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January 10, 2024 | International, Aerospace

Investors form alliance to bolster AUKUS military partnership

The group brings together existing private capital networks in the three countries with a goal of increasing investment in national security innovation.

https://www.defensenews.com/battlefield-tech/2024/01/10/investors-form-alliance-to-bolster-aukus-military-partnership/

On the same subject

  • Quebec expects possible profit with planned sale of A220 jet program stake in 2030 | Reuters

    November 20, 2023 | International, Aerospace

    Quebec expects possible profit with planned sale of A220 jet program stake in 2030 | Reuters

    Quebec expects to be in the black when it exits its minority stake at the end of the decade in Airbus's now money-losing A220 narrowbody jet program, the Canadian province's economy minister told Reuters.

  • NATO's East Is Rearming, But It's Because of Putin, Not Trump

    August 14, 2018 | International, Aerospace, Naval, Land, C4ISR

    NATO's East Is Rearming, But It's Because of Putin, Not Trump

    Ott Ummelas Donald Trump has taken credit for a rise in military spending by NATO states, but in the alliance's eastern reaches, it's his Russian counterpart, Vladimir Putin, who's driving the rearming effort. Last month, North Atlantic Treaty Organization Secretary General Jens Stoltenberg thanked the U.S. President for “clearly having an impact” on defense spending by allies while Trump said his demands had added $41 billion to European and Canadian defense outlays. But the jump in acquisitions behind the former Iron Curtain of aircraft, ships and armored vehicles began when Russia annexed Crimea from Ukraine, well before Trump's 2016 election victory, according to analysts including Tomas Valasek, director of Carnegie Europe in Brussels. While the median defense expenditure of NATO members is 1.36 percent of gross domestic product, below the alliance's requirement of 2 percent, eastern members comprise seven of the 13 members that are paying above that level. “Countries on NATO's eastern border do not need Donald Trump to boost defense spending,” Valasek said. “They decided this long before he came to power. The spending boost was because of a president, but it was Vladimir Putin, not the U.S. President.” Constant overflights by Russian aircraft into NATO airspace, cyberattacks on government and military installations, wargames on the borders of the Baltic states and accusations that Russia was behind a failed coup in newest member Montenegro have put NATO's eastern quadrant on alert for what it says is an increasingly expansionist Russia. Of the 15 members exceeding the bloc's guideline that 20 percent of total defense spending should go to equipment, six are from eastern Europe. At the time of the NATO summit in Brussels, Romania said it would buy five more F-16s from Portugal, raising its squadron to 12, after it signed a $400-million deal to acquire a Patriot missile air-defense system with Raython in May. The country of 20 million people bordering Ukraine, Moldova and the Black Sea plans to buy 36 more F-16s, four corvettes, at least 3,000 transport vehicles and coastal gun batteries over the next five years. Slovakia also announced the purchase of F-16 fighter jets at the summit to replace its aging Russian Mig-29s in a deal that was years in negotiating. And last month, Bulgaria asked for bids for at least eight new or used fighter jets by October at a total cost of 1.8 billion lev ($1 billion). By end-2018, the government in Sofia plans to buy 1.5 billion lev worth of armored vehicles and two warships for 1 billion lev. Neighboring Hungary said in June that it had agreed to buy 20 Airbus H145M multi-purpose helicopters, the country's largest military purchase since 2001. NATO's European members are expected to spend around $60 billion on equipment this year, with the 13 eastern members accounting for about 10 percent, said Tony Lawrence, a research fellow with the International Center for Security and Defense in Tallinn. The newer members will together spend about $2 billion more on equipment this year than last, he said. According to NATO, seven of its 10 biggest spending increases will be in the east. “Since these nations' membership in NATO, there has been a clear inclination to foster and strengthen their link with the U.S.,” said Martin Lundmark, a researcher with Swedish Defense University in Stockholm. “By procuring strategic defense systems, they willingly become interdependent and inter-operable with the U.S.” https://www.bloomberg.com/news/articles/2018-08-13/nato-s-east-is-rearming-but-it-s-because-of-putin-not-trump

  • The Spanish Air Force Buys PC-21 Training System Including 24 Aircraft

    January 31, 2020 | International, Aerospace

    The Spanish Air Force Buys PC-21 Training System Including 24 Aircraft

    January 31, 2020 - The Spanish Air Force, Ejército del Aire, is the third European air force to opt for the Swiss-produced PC-21, the Next Generation Trainer. Pilatus has committed to delivering a total of 24 PC-21s to Spain. The single-engine turboprop trainer aircraft will replace the Casa C-101 jet trainers used since 1980. The Ministry of Defence was looking for a new, highly efficient training platform to provide advanced training for Spain's future military pilots tasked with protecting future generations. After a long and extremely professional evaluation, Pilatus beat several prestigious competitors to win the tender with the PC-21. The contract, which is worth over 200 million euros, was signed yesterday evening with the Spanish Dirección General de Armamento y Material (DGAM). Comprising an integrated training system, the order includes simulators developed and produced by Pilatus, spare parts and logistics support in addition to the PC-21 aircraft. Oscar J. Schwenk, Chairman of Pilatus, is enthusiastic about this major order from Spain: “As a small Swiss aircraft manufacturer I'm delighted at our repeated success in winning through over large, international competitors. This result is proof that, with our PC-21, we can deliver the very best training system in the world.” Pilot training starts in 2021 The PC-21 will provide Spain with the most advanced training system currently on offer, and will also deliver a cost-effective, ecologically viable training platform. Experience with existing PC-21 customers has shown that the cost of training for a military pilot can be reduced by over 50 percent with the PC-21. These single-engine turboprop aircraft require much less fuel than any comparable jet trainer. Oscar J. Schwenk commented further: “I'm delighted to see us win a new air force to add to our existing customer portfolio. We shall provide Ejército del Aire with the first-class customer service they are entitled to expect from Pilatus. Bienvenidos a Pilatus y muchas gracias por elegir el PC-21 – viva España!” About the PC-21 success model For years, people believed that single-engine turboprops would never replace jet trainers. But with defence budgets coming under increasing pressure, air forces are looking for new ways of managing and maintaining their complex systems in mission-ready condition. Seeking to support this change, Pilatus developed performance-related services specifically tailored to the PC-21 Training System. The goal is to ensure an affordable product to match the performance criteria defined by air force customers. That is achieved by providing a highly sophisticated and integrated service package in line with current air force requirements. Prestigious air forces around the world have chosen the cost-effective, highly efficient training platform created by Pilatus. They are the proof that the PC-21 is the training system of the future. Since 2006, with the order for Spain, Pilatus has already sold 235 PC-21s to nine air forces – including Singapore, Switzerland, the United Arab Emirates, France and Australia. View source version on Pilatus: https://www.pilatus-aircraft.com/en/news-events/media-release/the-spanish-air-force-buys-PC-21-training-system-including-24-aircraft

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