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  August 7, 2020 | International, Land

  OTT Technologies takes over LMT

  by Charles Forrester South African armoured vehicle designer and manufacturer OTT Technologies has acquired LMT, which has been in business rescue since September 2019. The acquisition closed in July, OTT Technologies business development manager Chris Gildenhuys told Janes on 5 August. The value of the acquisition is not being disclosed at this time. According to Gildenhuys, the acquisition of LMT Products “is a strategic move for OTT Technologies to expand on its own range of proven mine-protected armoured vehicles”. LMT designs and manufactures a variety of protected products, ranging from protected cabs for Mercedes Benz to the LM8 and LM13 vehicles. The LMT Products division of OTT Technologies will, for the foreseeable future, continue to operate under the LMT Products brand and the vehicles will retain their respective designations. The merger will obviously bring about branding and structural changes in future. The first priority is to get the LMT division back on track in as far [as] the personnel component, manufacturing, and sound day-to-day management,” Gildenhuys said. When LMT went into business rescue there were still some incomplete contracts, including one with a Middle Eastern customer, Gildenhuys added. That particular contract will now be honoured and completed. Denel had been the majority shareholder of LMT Holdings since it acquired its stake in 2012, with the underlying business with LMT Products. LMT Holdings was 51% owned by Denel, 29% by Pamodzi, and 20% by the founding members, and included LMT Products, LMT Engineering, and LMT Properties. https://www.janes.com/defence-news/news-detail/ott-takes-over-lmt

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  April 2, 2024 | International, Land

  North Korea says it test-fired new solid-fuel hypersonic missile

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  April 20, 2020 | International, Aerospace

  Spirit AeroSystems bringing back some furloughed workers

  WICHITA, Kan. — A major aircraft parts supplier in Kansas is expected to bring about 2,100 furloughed workers back to work next week as Boeing prepares to resume production of its commercial airplanes. Spirit AeroSystems also is planning resume work for more than 1,700 other workers in Wichita over the next three weeks, The Wichita Eagle reported. “As our customer, Boeing, begins to resume production, Spirit AeroSystems will work with our employees, customers and suppliers to begin a phased-in return to work for some furloughed employees," Spirit spokeswoman Keturah Austin said. She added that “this will be a slow process as we work to continue to support our customer's operations in a manner that is safe for all involved.” Boeing said Thursday it will restart production of its commercial airplanes next week in the Seattle area, putting about 27,000 people back to work at its facilities in the Seattle area after operations were suspended because of the COVID-19 pandemic. Boeing employees for the 737, 747, 767 and 777 airplanes will return as early as Monday with most returning to work by Tuesday, Boeing is Spirit AeroSystem's biggest customer, and the impact has rippled to its suppliers. About 2,100 workers, hourly and salaried, are scheduled to return to various production lines at the Spirit plant in Wichita on Monday, according to a union officials and numbers obtained by the newspaper. They'll be joined by another 200 workers on April 27; an additional 1,100 on April 29; and nearly 400 on May 4. Cornell Beard, president of Machinists District Lodge 70, said the returning union workers are still a fraction of the plant's full workforce, “but anything's better than nothing.” The coronavirus has exacerbated Boeing's crisis surrounding the 737 Max, which remains grounded after two deadly crashes. Boeing said Thursday its 737 program “”will resume working toward restarting production"" of the 737 MAX. Spirit produces about 70 percent of the 737 Max, including the fuselage. Contracts with Boeing for the Max represents more than half of Spirit's annual income. Future callbacks at Spirit will be largely dependent on Boeing's performance in getting the 737 Max back in the air, Beard said. “If another mistake is found, or another defect, or if we just encounter another problem, those projections will change again (and) we're going to be right back in this pickle,” Beard said. https://www.defensenews.com/industry/2020/04/17/spirit-aerosystems-bringing-back-some-furloughed-workers