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November 20, 2023 | International, Aerospace

Investors pump over $600 mln into defense funds as geopolitical tensions rise | Reuters

Investors piled into exchange-traded funds tracking defense companies since October in anticipation of increased military budgets in the U.S. and Europe due to rising incidents of geopolitical conflicts.

https://www.reuters.com/business/aerospace-defense/investors-pump-over-600-mln-into-defense-funds-geopolitical-tensions-rise-2023-11-20/

On the same subject

  • British military feels out industry for helicopter buy worth over $1 billion

    May 20, 2022 | International, Aerospace

    British military feels out industry for helicopter buy worth over $1 billion

    The New Medium Helicopter competition will likely be colored by the question of which company can generate jobs and skills for the country.

  • Canada rejoins NATO Airborne Warning and Control System program

    February 16, 2018 | International, Aerospace, C4ISR

    Canada rejoins NATO Airborne Warning and Control System program

    News Release From National Defence February 14, 2018, Brussels, Belgium — National Defence / Canadian Armed Forces The Government is committed to both the security and safety of Canadians and the protection of their rights and freedoms. Canada is playing a strong and constructive role in the world by making concrete contributions to international peace and security – including at the North Atlantic Treaty Organization (NATO). NATO is a cornerstone of Canada's international security policy and today the Government announced its intention to rejoin to the Alliance's Airborne Warning and Control System (AWACS) program. Programs such as AWACS, and the joint intelligence, surveillance, and reconnaissance it provides, are increasingly relevant in today's security environment. In response to the challenges posed by that environment, NATO has significantly increased the use of its AWACS operations, including in areas like Central and Eastern Europe where Canada is leading a multinational NATO battlegroup based in Latvia. Canada decided to withdraw from the AWACS program in 2011 following the Department of National Defence's 2010 Strategic Review. Quotes “NATO is a cornerstone of Canada's international security policy, and is one of our most important multilateral relationships. In that spirit, Canada has decided to rejoin NATO's Airborne Warning and Control System. AWACS is a key NATO capability that we will support by contributing to its operations and support budget. We have committed to keeping Canada engaged in the world, and continuing to commit ourselves to NATO and its missions are important steps toward that goal.” Harjit S. Sajjan, Defence Minister Quick Facts The Airborne Warning and Control System (AWACS) was established in 1978 and consists of a fleet of NATO-owned aircraft giving the Alliance abilities to conduct long-range aerial surveillance, and to command and control forces from the air. Part of Canada's commitment to NATO, as outlined in Strong, Secure, Engaged, includes: Leading and/or contributing forces to NATO and coalition efforts to deter and defeat potential adversaries, including terrorists, to support global stability; Leading and/or contributing to international peace operations and stabilization missions with the United Nations, NATO, and other multilateral partners. The NATO Airborne Warning and Control System has sixteen E-3A aircraft. These modified Boeing 707s are easily identifiable from the distinctive radar dome mounted on the fuselage. The E-3A usually operates at an altitude of around 10 km. From this altitude a single E-3A can constantly monitor the airspace within a radius of more than 400 km and can exchange information – via digital data links – with ground-based, sea-based and airborne commanders. By using pulse Doppler radar, an E-3A flying within NATO airspace can distinguish between targets and ground reflections and is therefore able to give early warning of low- or high-flying aircraft operating over the territory of a potential aggressor. Contacts Byrne Furlong Press Secretary Office of the Minister of National Defence Phone: 613-996-3100 Email: byrne.furlong@forces.gc.ca Media Relations Department of National Defence Phone: 613-996-2353 Email: mlo-blm@forces.gc.ca https://www.canada.ca/en/department-national-defence/news/2018/02/canada_rejoins_natoairbornewarningandcontrolsystemprogram.html

  • Bell-Boeing Delivers First CMV-22B to Navy for COD Mission

    February 10, 2020 | International, Aerospace, Naval

    Bell-Boeing Delivers First CMV-22B to Navy for COD Mission

    By: Sam LaGrone The first of a new generation of carrier onboard delivery aircraft delivered to the Navy, the service announced on Friday. Manufacturer Bell-Boeing turned over a CMV-22B Osprey to the Navy in a ceremony at its Texas assembly facility after four years of design and production. “There is nothing more important than delivering capabilities to the fleet with speed,” James Geurts, assistant secretary of the Navy for research, development and acquisition, said in a statement. “I am proud how the program and industry team have leveraged non-traditional approaches such as using existing MV-22 testing data to shrink the time in the CMV-22 acquisition cycle.” The delivered aircraft is now assigned to Air Test and Evaluation Squadron (HX) 21. “The first operational squadron, Fleet Logistics Multi-Mission Squadron (VRM) 30, is scheduled to receive the aircraft this summer,” the Navy said. The first flight of the aircraft was in December, reported USNI News at the time. The delivery comes ahead of an aggressive testing and fielding schedule for the new COD that is anticipated to deploy next year in parallel with the first deployed squadron of F-35C Lighting II Joint Strike Fighter aboard USS Carl Vinson (CVN-70). Vinson is currently in a drydock availability undergoing upgrades to field the F-35Cs. The CMV-22B will be key to the deployment as the new COD will be able to carry the engine power module for the F-35s, a key logistics requirement for any JSF deployment. The new Ospreys are based on the Marines existing MV-22B with key differences. “The CMV-22B will be capable of transporting up to 6,000 pounds of cargo and/or personnel over a 1,150 nautical mile range. This expanded range is due to the addition of two new 60-gallon tanks installed in the wing for an additional 120 gallons of fuel and the forward sponson tanks were redesigned for additional capacity,” read a statement from the Navy. “The CMV-22B variant has a beyond-line-of-sight high-frequency radio, a public address system for passengers, and an improved lighting system for cargo loading.” The tilt-rotor will replace the 1960s era C-2A Greyhounds used for the COD mission. The Navy is getting 39 Ospreys as part of a $4.2-billion contract modification with Bell-Boeing the Pentagon announced in July 2018. https://news.usni.org/2020/02/08/bell-boeing-delivers-first-cmv-22b-to-navy-for-cod-mission

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