Newport News shipyard wins $2.2 billion contract for Columbia-class submarine modules

On the same subject

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  March 7, 2024 | International, Land

  Fincantieri in talks to buy Leonardo’s torpedo business, source says

  For more than a decade Leonardo has searched on and off for a buyer or partner for its torpedo unit known as WASS.

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  December 6, 2021 | International, Aerospace

  Le consortium SAMI (Saudi Arabian Military Industries) signe des accords avec Airbus et Figeac Aéro pour la création de deux coentreprises

  DÉFENSE Le consortium SAMI (Saudi Arabian Military Industries) signe des accords avec Airbus et Figeac Aéro pour la création de deux coentreprises Saudi Arabian Military Industries (SAMI), consortium d'Etat des industries militaires d'Arabie Saoudite, a annoncé samedi la signature d'un accord avec Airbus pour la création d'une coentreprise spécialisée dans la maintenance de l'aéronautique militaire. La part de SAMI s'élèvera à 51%, celle d'Airbus à 49%. SAMI a également annoncé la création d'une autre coentreprise avec Figeac Aéro, en partenariat avec Dussur (Saudi Arabian Industrial Investments Company). La SAMI FIGEAC AÉRO Manufacturing LLC (SFAM) vise à construire en Arabie Saoudite une usine de production de pièces d'aérostructures de haute précision. La participation de SAMI s'élèvera à 60%, contre 40% pour le groupe français. Cet accord a été signé par Walid Abukhaled, CEO de SAMI, et Jean-Claude Maillard, PDG de Figeac Aéro. La coentreprise a pour objectif de « développer les capacités industrielles de l'Arabie Saoudite en matière d'aérostructures, de former des ingénieurs et des techniciens locaux pour travailler dans le cadre du projet et de favoriser l'implantation d'acteurs du secteur aéronautique militaires et civiles conformément à la Vision 2030 du Royaume. Les premières pièces produites seront des éléments en alliage léger (aluminium) et métaux durs (titane) », indique Figeac Aéro. L'Usine Nouvelle et Les Echos Investir du 6 décembre

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  August 19, 2020 | International, Aerospace

  Finland’s $12 billion fighter plan dodges the post-pandemic budget ax

  By: Gerard O'Dwyer HELSINKI — The Finnish government's budget proposal for 2021 has allayed concerns of delays or reduced funding for the Armed Forces' (FAF) HX Fighter Program. The plan will effectively increase the military's budgetary framework in 2021 by $2 billion to $5.8 billion to meet phase one of the project's procurement costs. The economic impact of the COVID-19 pandemic, which has forced Finland to significantly increase international borrowings and further load national debt, was feared to have a negative bearing of the fighter replacement project, particularly against the backdrop of a potential economic recession and grim forecasts of an 8 to 10 percent drop in GDP in 2020. Instead, the 2021 budget both protects and moves forward the $12 billion national security capital investment. The HX Fighter Program will have a “substantial effect” on the FAF's budgetary position and finances from 2021, said the HX Program's Director, Lauri Puranen. The $5.8 billion allocation represents a massive 54 percent increase on the FAF's defense budget for 2021 compared to 2020. Moreover, the higher financial provision will elevate military non-aligned Finland's defense spend, as a ratio of GDP, from 1.4 percent in 2020 to over 2 percent in next year. Finland plans to procure up to 64 fighters to replace its ageing fleet of F/A-18C/D Hornets. The government is slated to finalize its decision on the choice of fighter aircraft in 2021. The project timetable, with oversight from the FDF's Logistics Command, envisages the Finnish Air Force taking delivery of new fighters over the period 2025 to 2030. International fighter aircraft in contention for the $12 billion contract include the Boeing F/A-18 Super Hornet, the Dassault Rafale, Eurofighter Typhoon, Lockheed Martin F-35 and the Saab Gripen. Phase two of the HX project is currently underway. This is focused on the content of the procurement in respect to each individual bidder. A request for best and final offers will be sought at the end of the second phase of negotiations in the fourth quarter of 2020, and ahead of a government decision on selection in the first half of 2021. Although the 2021 budget has secured project-specific funding for the HX Fighter Program, the overall fragile state of Finland's national finances threatens to curtail capital increases to other areas of defense, including training and multi-branch field exercises, in that year. Gen. Timo Kivinen, the FAF's defense chief, said that while the COVID-19 pandemic has resulted in the postponement of exercises, it has not affected Finland's military readiness. https://www.defensenews.com/global/europe/2020/08/18/finlands-12-billion-fighter-plan-dodges-the-post-pandemic-budget-axe/