June 12, 2024 | International, Aerospace
June 16, 2024 | International, Land
The G7 will use annual interest from $325bn in frozen Russian assets to pay off interest on a $50bn loan for Ukraine’s war effort.
August 17, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
By: Mike Gruss The adage is that it is difficult for an aircraft carrier to turn on a dime. The same could be said for the defense industry or Pentagon budgets and as such, the Defense News Top 100 list. Changes are slow and can take time to appear on our list. For example, for the first time, this year's list reflects the result of the L3-Harris merger. L3, ranked 18th on last year's list, and Harris, ranked 26th a year ago, merged to form what everyone expected: one of the world's largest defense corporations in L3Harris Technologies, ranked 9th on our list. Next year, observers will see the results of the merger between Raytheon, ranked 5th on this year's list, and United Technologies Corp., ranked 10th on this year's list. Thematically, the shifts that defense and military leaders have spent years discussing are becoming fully reflected in industry. China's heavy investments in defense are becoming evident by the inclusion of Aviation Industry Corporation of China (6th), China North Industries Group Corporation Limited (8th), and China Aerospace Science and Industry Corporation (11th) on this year's list. The role of integration and communication tools is becoming more important, as is evidenced by Leidos, Peraton and Perspecta's inclusion. Medium-sized businesses are becoming increasingly critical players. And, for years, U.S. military leaders have heard from Silicon Valley startups that it remains too difficult to break into the defense market in a meaningful way. Advocates will likely point by how few are in the list. Other companies have complained that the big primes have too much of a lock on Pentagon contracts, perhaps seen in how the top five bring in more than twice the revenue of the next five. Each year, the Defense News Top 100 is part art, part science. Every year, the Defense News team tries to push it a bit closer to science. This year's list, like years past, is a snapshot of what's happening in defense markets and maybe, just maybe, a hint of what's to come. https://www.defensenews.com/top-100/2020/08/17/the-list-is-here-find-out-how-global-defense-companies-performed-in-fy19/
June 17, 2019 | International, Aerospace
NASHUA, N.H.--(BUSINESS WIRE)--BAE Systems has been awarded contracts by The Boeing Company to supply the Vehicle Management Control System and Identification Friend or Foe (IFF) System for the MQ-25. “BAE Systems leads the industry in high-integrity fly-by-wire and mission-critical IFF technologies,” said Corin Beck, director of Military Aircraft Systems at BAE Systems. “Our relationship with Boeing started more than four decades ago and has resulted in aircraft that have some of the most advanced avionics and reduced size transponders in the world.” The Vehicle Management Control System will control all flight surfaces and perform overall vehicle management duties for the MQ-25 unmanned aerial vehicle. The IFF product ensures operation in contested environments by reliably identifying both coalition and enemy vehicles. The MQ-25 is the U.S. Navy's first operational carrier-based unmanned aircraft and is designed to provide a much-needed refueling capability. The contract supports Boeing's engineering and manufacturing development program to provide four MQ-25 aircraft to the U.S. Navy for Initial Operational Capability by 2024. “The MQ-25 program is vital because it will help the U.S. Navy extend the range of the carrier air wing, and Boeing and our industry team is all-in on delivering this capability,” said Dave Bujold, Boeing's MQ-25 program director. “The work we're doing is also foundational for the future of Boeing – where we're building autonomous systems from seabed to space.” BAE Systems is an industry leader in the design, development, production, and support of highly reliable flight control systems for commercial and military aircraft. It was the first to introduce fly-by-wire in both military and civil applications. BAE Systems is also a world leader in IFF equipment and this program expands its footprint to approximately 150 platforms worldwide. https://www.businesswire.com/news/home/20190617005088/en