Military equipment for Ukraine helps fuel General Dynamics' profit | Reuters

On the same subject

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  November 20, 2020 | International, Land

  GM Defense conducting nationwide search for new president

  By: Jen Judson WASHINGTON — GM Defense President David Albritton is headed to Amazon so the company is conducting a nationwide search for a new president, according to a GM spokesperson. Albritton is joining Amazon Web Services as the vice president of global communications in the company's public sector and vertical industries. GM Defense's website already reflects the change. Tim Herrick, the company's vice president of global product programs, is serving as the interim president and will be dual-hatted until a permanent replacement is found. Herrick “has been a champion of GM's defense business since its inception and serves on GM Defense's Board of Managers,” a GM Defense spokesperson told Defense News in an emailed statement Nov. 19. GM Defense is conducting a “national search to find a candidate who is qualified to lead GM Defense and will make an announcement when the right person is identified,” according to the spokesperson. The company is coming off a big win with the U.S. Army after being selected to build its new Infantry Squad Vehicle. The first of the vehicles was delivered to the service in a ceremony last month at GM Defense's proving grounds and production facility in Milford, Michigan, just 120 days after being chosen to build the new troop carrier. The Army awarded the company a $214.3 million contract to produce 649 vehicles by the end of fiscal 2024. The service is planning to procure a total of 2,065 ISVs. With the success of the ISV program, GM Defense is setting its sights on other opportunities with the Army and other military services such as the Joint Light Tactical Vehicle program. The service is planning to re-compete for the JLTV and for new Humvees to round out the tactical vehicle fleet. And while the company can offer fully integrated vehicles, it is also looking to partner with others for such programs like the Advanced Reconnaissance Vehicle for the U.S. Marine Corps or the Optionally Manned Fighting Vehicle, the Army's Bradley Infantry Fighting Vehicle replacement effort. Such technologies like power and propulsion, lighter weight materials and cybersecurity are all areas in which GM Defense is looking to contribute. GM spent several recent years helping the Army evaluate a hydrogen fuel cell vehicle using a ZH2 Chevy Colorado and the Army is now taking some renewed steps at getting after an electric vehicles in its fleet to include the pursuit of an electric light reconnaissance vehicle. https://www.defensenews.com/land/2020/11/19/gm-defense-conducting-nationwide-search-for-new-president

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  November 5, 2024 | International, C4ISR, Security

  New Android Banking Malware 'ToxicPanda' Targets Users with Fraudulent Money Transfers

  ToxicPanda, a new Android malware, bypasses 2FA and exploits accessibility services to steal funds.

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  March 11, 2020 | International, Land

  Here’s what’s behind France’s 72% jump in weapons exports

  By: Christina Mackenzie PARIS – France's spectacular 72 percent jump in weapons' exports in the 2015-2019 period from five years prior is largely thanks to two companies: Dassault Aviation and Naval Group. The first of those companies sold Rafale fighters to Egypt, India and Qatar, while the second has become the most successful exporter of warships in the world — if one includes orders — selling submarines to Brazil and India, frigates to Malaysia and the United Arab Emirates, and mine-sweepers to Belgium and the Netherlands. A report released on March 9 by the Stockholm International Peace Research Institute notes that “French arms exports reached their highest level for any five-year period since 1990 and accounted for 7.9 percent of total global arms exports in 2015-19.” Diego Lopes Da Silva, a SIPRI researcher adds: “The French arms industry has benefited from the demand for arms in Egypt [which accounted for 26 percent of France's defense exports], Qatar and India [14 percent each].” Both politicians and defense industry leaders in France have understood that without exports they cannot afford to provide France's own armed forces with the most innovative and high-performing weapons. Furthermore, buying weapons from the United States brings red tape, including requirement for congressional authorization on all foreign military sales, which can delay the process and some argue shackle France's sovereignty. In the words of Hervé Guillou, the out-going CEO of Naval Group, “no European country can maintain the competitivity of its defense industry based on just its own domestic market.” https://www.defensenews.com/global/europe/2020/03/10/heres-whats-behind-frances-72-jump-in-weapons-exports/