October 16, 2024 | International, C4ISR, Security
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
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August 5, 2019 | International, Aerospace, Naval
Boeing, Marines, Navy Celebrate $115 Million V-22 Facility
Boeing investment accommodates V-22 fuselage production and MV-22 modification program Allows Ospreys to be delivered with higher quality, efficiency and improved safety PHILADELPHIA, Aug. 1, 2019 — Boeing [NYSE: BA], the U.S. Marine Corps, U.S. Air Force and U.S. Navy celebrated the transformation of a 350,000-square-foot facility outside Philadelphia into a modern factory where company employees will build fuselages for the V-22 tiltrotor aircraft and modernize the MV-22 fleet for the Marines. “Boeing's $115 million investment supports U.S. and international demand for the unrivaled capabilities of the V-22,” said David Koopersmith, vice president and general manager, Boeing Vertical Lift. “We started this project two years ago in a mothballed building. Now, it is a state of the art manufacturing center for the only in-service tiltrotor aircraft in the world.” The new factory will improve safety and productivity, lower operating costs, and reduce Boeing's environmental impact. It will be home to the Common Configuration – Readiness and Modernization (CC-RAM) program that standardizes the Marine Corps Osprey fleet by upgrading previously built aircraft to the new Block C configuration. The factory will also house fuselage production for Navy, Air Force, Marines, and international Osprey customers. “The V-22 readiness program is our number one priority,” said U.S. Marine Corps Col. Matthew Kelly, V-22 Joint Program Manager. “The CC-RAM program is key in meeting our readiness goals and returning capable and reliable aircraft to Marine units around the world.” Boeing employs approximately 4,600 people in Pennsylvania and supports 16,000 direct and indirect jobs in the commonwealth. https://boeing.mediaroom.com/2019-08-01-Boeing-Marines-Navy-Celebrate-115-Million-V-22-Facility
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September 23, 2020 | International, Naval
BAE shipyard sues Navy over extra work on USS Bataan
DAVE RESS BAE Systems' Norfolk shipyard is suing the Navy's Mid-Atlantic Regional Maintenance Center, claiming the yard is owed nearly $1.1 million for work it did on USS Bataan. The lawsuit contends that the Navy is refusing to pay for extra work that BAE and its subcontractors had to perform because the Navy didn't provide necessary supplies or complete needed work while Bataan was in the BAE shipyard. BAE won a $51.6 million, fixed-price contract to repair and modernize Bataan in September 2017. It was originally supposed to complete the work in July 2018, but that was extended to November 2018. When the ship was not delivered by then, the Navy declared BAE in default of the contract. BAE continued to work on the ship until March 2019. The lawsuit alleges that the Navy's challenges securing funds for additional work delayed completion. In addition, the lawsuit says the Navy's continued dumping of liquids into the bilge spaces prevented BAE from completing cleaning and pumping work. It also alleges that the Navy also expanded the work required, as when it directed the yard to add multiple pendant and wire installations on the Flight Deck Safety Nets. BAE said most of its claims for payment for the additional work were denied by the Navy's Contracting Officer in a formal final decision, prompting the shipyard to sue for the funds it claims it is owed. The Navy maintenance center has not yet filed a formal response to the BAE complaint. A spokesman was not immediately available for comment. https://www.pilotonline.com/business/shipyards/dp-nw-bae-bataan-20200922-3gangsit5zgtljyo2mgdvorcx4-story.html