L3Harris: First flight of future Compass Call paves way for 2022 delivery

On the same subject

• 

  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

• 

  June 29, 2018 | International, Naval

  BAE reportedly comes out on top in Australia’s future frigate showdown

  By: David B. Larter and Aaron Mehta WASHINGTON ― In a move that could send shock waves through the global frigate market, Australia appears poised to announce that it has selected BAE Systems' Type 26 design for its new future frigate design. The Wall Street Journal reported Thursday that on June 29, the Australian military will make the formal announcement that BAE has won the AU$35 billion (U.S. $26 billion) contest to build nine frigates, which are being designed with anti-submarine warfare in mind. Under the competition guidelines, construction on the ship is scheduled to begin at the shipyards at Osborne in 2020. The design beat out two strong challenges from ships that, unlike the Type 26, already exist. The move is a major blow to Fincantieri, which had been pushing its anti-submarine warfare FREMM for the requirement. The Spanish shipbuilder Navantia, which already has a major operation in Australia, was also a strong competitor for the contract with its F-100 frigate design. In 2007, Navantia was selected to build the Australian air warfare destroyer. The competition also has implications for the Canadian frigate program, which is expected to announce a winner later this year, said Byron Callan, an defense analyst with Capital Alpha Partners. “The win is a positive for BAE because it's the first international order for the Type 26 and it may help position that ship type for Canada's Surface Combatant program that should be decided in late 2018,” Callan said. Canada has a 15-ship requirement. The unit price for the hull is about $850 million to $1 billion, which does not include some government-furnished systems. The U.K. has already agreed to buy eight of the Type 26 designs, with the goal of fielding them in the mid-2020s. BAE started building the first of three Type 26s it has under contract last year. The first warship is currently scheduled to enter service with the British Royal Navy in 2027 to start replacing the Type 23 fleet. Rolls-Royce with its MT30 gas turbine engine and MBDA with the Sea Ceptor anti-air missile are among the Type 26 subcontractors who could be significant beneficiaries from the Australian order. There has been speculation in the media that the decision to go with BAE may be driven, in part, by Australia's desire to secure strong terms with the U.K. as it negotiates a series of new trade agreements after Britain leaves the European Union. The announcement came just hours after the U.S. State Department announced it had clearedthe sale of $185 million in parts to help Australia connect its CEAFAR 2 phased array radar system with Lockheed Martin's Aegis combat system, with the goal of having both pieces of equipment aboard the future frigates. Andrew Chuter from London contributed to this report. https://www.defensenews.com/global/asia-pacific/2018/06/28/report-australia-selects-bae-for-frigate-design/

• 

  September 20, 2019 | International, Naval

  Saab Selected as Combat System Provider for Finnish Squadron 2020 Programme

  September 19, 2019 - In accordance with Finland's Ministry of Defence's proposition, the Government of Finland has today selected Saab as the combat system provider and integrator for the Finnish Navy's four new Pohjanmaa-class corvettes within the Squadron 2020 programme. Saab has not yet signed a contract or received an order relating to Squadron 2020. Finland's Ministry of Defence has stated that the contract is scheduled to be signed on 26 September 2019 and that the order value will be 412 million Euro. “This announcement marks a major milestone in Saab's relationship with Finland and we look forward to continuing to support the Finnish Navy's capabilities with our world-leading combat system expertise”, says Anders Carp, Senior Vice President and head of Saab business area Surveillance. The contract period will be 2019-2027 and the scope will include a range of solutions, including Saab's 9LV Combat Management System, related sensors and other systems. All of the Finnish Navy's current vessels feature at least one system from Saab, with the majority of vessels operating several systems from Saab. For further information, please contact: Saab Press Centre, Petter Larsson, Media Relations Manager +46 (0)734 180 018 presscentre@saabgroup.com www.saabgroup.com www.saabgroup.com/YouTube Follow us on twitter: @saab Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs. The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on 19 September 2019 at 12.33 (CET). https://saabgroup.com/media/news-press/news/2019-09/saab-selected-as-combat-system-provider-for-finnish-squadron-2020-programme/