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January 28, 2021 | International, Aerospace

New Safran CEO Faces Short- And Long-Term Challenges

January 25, 2021

Olivier Andries took over from Philippe Petitcolin as Safran CEO on Jan. 1, after the latter took drastic measures in 2020 to keep the company afloat. The Paris-based equipment manufacturer, a “super-Tier 1” in the aerospace industry, is starting the new year in a relatively good financial position...

https://aviationweek.com/aerospace/new-safran-ceo-faces-short-long-term-challenges

On the same subject

  • Lockheed Martin Selects Industry Mission Payload Providers for Next Gen OPIR Missile Warning System

    October 4, 2018 | International, Aerospace

    Lockheed Martin Selects Industry Mission Payload Providers for Next Gen OPIR Missile Warning System

    Key Suppliers for "Go Fast" Program Selected Just 45 Days from Prime Contract Award SUNNYVALE, Calif., Oct. 4, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has selected Raytheon and a Northrop Grumman/Ball Aerospace team to compete as potential mission payload providers for the U.S. Air Force's Next Generation Overhead Persistent Infrared (Next Gen OPIR) Geosynchronous (GEO) Block 0 missile warning satellite system. This payload competition between Raytheon and Northrop Grumman/Ball Aerospace will be executed as part of the Phase 1 contract for the Air Force's Next Gen OPIR Block 0 GEO satellites. The competition includes development scope through the Critical Design Review (CDR) phase. As part of a program heralded by the Air Force as a pacesetter for "Go Fast" acquisition, Lockheed Martin selected the two suppliers on September 28 -- just 45 days after the company's own prime contractor award. The Air Force awarded Lockheed Martin the contract for rapid development of the Next Gen OPIR Block 0 GEO system on August 14. The Raytheon and Northrop Grumman/Ball Aerospace teams were selected due to their ability to meet stringent schedule and capability requirements. They are now tasked to develop detailed designs and compete their solutions for potential use on the Next Gen OPIR Block 0 GEO satellites. A final down-select is expected at the end of the CDR phase in 2020. Next Gen OPIR is a new missile warning satellite system acquisition program that will deliver advanced capabilities to keep pace with adversary advancements. It will succeed the Space Based Infrared System by providing improved missile warning capabilities that are more survivable and resilient against emerging threats. The Air Force implemented Next Gen OPIR as a rapid acquisition program with Lockheed Martin targeting the first GEO satellite delivery in 60 months. "Next Gen OPIR is a very important program for our nation, with a challenging schedule, and set of technical and resiliency requirements, different than prior programs," said Tom McCormick, Lockheed Martin's vice president for OPIR systems. "We recognize that this is a watershed program for the Air Force, and we understand the need to 'Go Fast' to ensure our national security posture stays ahead of emerging global threats." Lockheed Martin is working with the Air Force on a variety of initiatives to increase the speed of satellite acquisition, including introducing more commonality of parts and procedures into production, building predictability into schedules and supply chain orders, and incorporating additive manufacturing. About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. This year the company received three Edison Awards for ground-breaking innovations in autonomy, satellite technology and directed energy. SOURCE Lockheed Martin https://news.lockheedmartin.com/2018-10-04-Lockheed-Martin-Selects-Industry-Mission-Payload-Providers-for-Next-Gen-OPIR-Missile-Warning-System

  • IAI names Boaz Levy as new chief exec

    November 23, 2020 | International, Aerospace

    IAI names Boaz Levy as new chief exec

    By: Seth J. Frantzman JERUSALEM — Israel Aerospace Industries has named Boaz Levy, its former vice president for the Systems Missiles and Space Group, as its new CEO. Levy's group oversaw major contracts for IAI over the years, including billion-dollar deals in India in 2018. He was also central to the Arrow 3 program, which was developed with U.S. support to intercept high-altitude targets in space, such as ballistic missiles. In his new position, Levy said he plans to lead the company through the challenges of the future. “IAI has transformed in recent years, but we still have a considerable way to achieve the company's potential and strengthen our position in existing and new markets,” he said. Levy's appointment was approved by the Board of Directors, according to a statement from the company. The search committee chose Levy to replace Nimrod Sheffer after announcing in July he would step down. Sheffer had replaced Joseph Weiss as CEO in 2018, who had been at the helm of the company for six years. Sheffer came from the strategic planning area of the company and had drafted a new growth strategy for IAI. In March the company said its annual revenue surpassed $4 billion for the first time. That was an increase from $3.6 billion in 2018 and $3.5 billion in 2017. IAI's chairman of the board, Harel Locker, praised the unanimous decision to nominate Levy. “Levy has successfully managed the Systems Missiles and Space Group — IAI's most profitable group that in recent years has made technological and financial groundbreaking achievements. Boaz knows the domestic and international defense market and understands our customer's needs,” Locker said. Sheffer officially stepped down on Oct. 31, and Levy's nomination has been submitted to Israeli Defense Minister Benny Gantz and Minister for Cyber and National Digital Matters Dudi Amsalem, who supervise the government's authority over IAI. IAI is one of Israel's three large defense companies along with Elbit Systems and Rafael Advanced Defense Systems. Many of the companies' capabilities are integrated into key Israeli weapon systems, such as the Iron Dome air defense system, which uses radar made by IAI subsidiary Elta Systems. Similarly, the new Sa'ar-class corvette will combine capabilities from IAI, including a new sea-to-sea missile the company recently tested. Levy was previously head of IAI's air defense division between 2010 and 2013. A graduate of Israel's Technion, he came to IAI in 1990 as an engineer and worked on the Arrow program in the 1990s and 2000s. According to IAI, he “headed the induction of the Arrow-2 into operational service.” He also headed the Barak-8 program, which IAI claims is one of the world's most advanced air defense systems. The Barak-8 is also a major revenue source for the company. In 2017, Levy indicated Israel aimed to build future interceptors beyond Arrow 2 and Arrow 3. The Arrow 3 is currently Israel's top tier in a multilayered air defense system that includes the Iron Dome and David's Sling, all programs supported by the U.S. More than 20 American states are involved in the production of Arrow 3. Israel faces increasing threats from Iran and also challenges at sea, which is partly why it has shifted its naval doctrine amid adoption of the new Sa'ar 6 corvettes, and also why it rolled out a new multiyear defense strategy called Momentum. The country has aso begun modernizing training, creating new military units and upgrading communications systems for its armed forces. https://www.defensenews.com/industry/2020/11/20/iai-names-boaz-levy-as-new-chief-exec

  • Contracts for February 25, 2021

    February 26, 2021 | International, Aerospace, Naval, Land, C4ISR, Security

    Contracts for February 25, 2021

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