Defense M&A After Lockheed-Aerojet Will Be Smaller For Longer

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  September 13, 2019 | International, Land

  Iveco Defence Vehicles awarded contract to deliver a new generation of medium multirole protected vehicles to Dutch Armed Forces

  Bolzano, September 12, 2019 - Iveco Defence Vehicles, a company of CNH Industrial N.V. (NYSE: CNHI /MI: CNHI), announced today that it has been awarded a contract by the Dutch Ministry of Defence to provide 1275 medium multirole protected vehicles denominated “12kN”. The acquisition is part of the Defence-wide Replacement Programme of Wheeled Vehicles (DVOW - Defensiebrede Vervanging Operationele Wielvoertuigen), with deliveries from 2022 through 2026. The Iveco Defence Vehicles' MTV – Medium Tactical Vehicle, is designed to combine high tactical 4x4 mobility, optimal off-road performance and high crew protection, together with an excellent payload capability. Outstanding modularity and system integration capabilities are guaranteed across all range variants such as hard top, soft top, pick up, casualty transport and personnel transport, in order to support all different Military users, from Army to Marines, Navy, Air Force, Special Operational Units and Military Police. High reliability, ease of maintenance and low through life cycle costs were core requirements during the design of MTV, guiding the choice of the main assemblies towards components with proven performance and reliability over many millions kilometers in the most diversified and demanding environmental conditions. Over the years, Iveco Defence Vehicles has delivered many vehicles to the Dutch Army from its wide commercial and military product range such as the Iveco Stralis 6x2 long haulage lorries, the Trakker 8x8 for the Army's Fire Department and the EuroCargo 4x4 delivered to the Dutch Marines for the Caribbean territories. This award represents an important milestone in the consolidation of the strategic partnership between the Dutch MoD and Iveco Defence Vehicles, confirming once again the leadership of the company in the multirole vehicle segment for defense and homeland security missions. Iveco Defence Vehicles is a brand of CNH Industrial N.V., a World leader in Capital Goods listed on the New York Stock Exchange (NYSE: CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (MI: CNHI). Iveco Defence Vehicles is dedicated to delivering innovative automotive and protection solutions to meet the needs of military customers worldwide. The company manufactures specialist logistic, protected and armoured vehicles in its facility in Bolzano in Northern Italy, as well as marketing Iveco's full commercial range, adapted as necessary to meet the demands of the military user. In consequence, Iveco Defence Vehicles has a full range of vehicles to meet a broad spectrum of defence applications. CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com For more information contact: Iveco DV Press Office Elisa Faccin External Relations & Communication Manager Phone +39 0471 905 369 Mobile +39 366 7556840 elisa.faccin@cnhind.com https://www.epicos.com/article/481254/iveco-defence-vehicles-awarded-contract-deliver-new-generation-medium-multirole

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  June 25, 2020 | International, Aerospace

  GE awarded $180 million contract to support T700 engines

  Lynn, MA, June 22, 2020 – GE Aviation has been awarded a five-year, $180 million contract by the U.S. Naval Air Warfare Center Aircraft Division (NAWCAD) to repair and overhaul T700 rotorcraft engines in support of the U.S. Navy's MH-60 Seahawk, and the U.S. Marine Corps' AH-1Z Viper and Bell UH-1Y Venom/Huey helicopters. “GE is grateful for the opportunity to provide T700 overhaul and repair support to the US Navy and Marine Corps fleets for another five years,” said Harry Nahatis, vice president and general manager of GE Aviation's Rotorcraft & Turboprop Engines. “This contract will allow GE to work closely with the Navy to improve fleet readiness while reducing cost.” Upon service entry in 1978 in the Sikorsky UH-60 Black Hawk, the T700 quickly proved its mettle in helicopter service, and its operational benefits also made it an ideal derivative as a turboprop powerplant. Today, the T700/CT7 family of turboshaft and turboprop engines power 15 types of helicopters and fixed-wing aircraft with more than 130 customers in more than 50 countries. The T700/CT7 family has surpassed 20,000 units delivered and more than 100 million total flight hours. The T700/CT7 engine line has become increasingly more powerful and reliable during its history. Many technological advances have been incorporated into the subsequent growth versions. Current models in the 2,000-3,000 shaft-horsepower range retain all the proven features and operating characteristics of earlier versions while delivering enhanced performance. The highly reliable T700/CT7 design has proven itself in the harshest environments, logging more than five million flight hours in hot-harsh combat zones like Iraq and Afghanistan. T700/CT7 helicopter engines power a variety of civil aviation and military applications including transport, utility and attack, medical evacuation, air rescue, firefighting, special operations and marine patrol. They serve five branches of the U.S. military, numerous international customers and civil aviation operators. Prime turboshaft applications include the Sikorsky Black Hawk, Seahawk, Jayhawk, Pave Hawk, S-70, S/H-92, CH-148, HH60-W CRH, and VIP transport helicopters; the Boeing AH-64 Apache, Bell UH-1Y Huey, AW-1Z Super Cobra,214ST Super Transport and 525 Relentless, Kaman SH-2G Super Seasprite, NHIndustries NH90, Leonardo AW101 and AW189 and KAI Surion. About GE Aviation GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation # # # For further information, contact: Nick Hurm 513.484.4450 nick.hurm@ge.com View source version on GE Aviation: https://www.geaviation.com/press-release/military-engines/ge-awarded-180-million-contract-support-t700-engines

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  September 12, 2023 | International, Aerospace

  UK, Japanese, Italian partners agree next steps for fighter jet | Reuters

  Britain's BAE Systems , Japan's Mitsubishi Heavy Industries , and Italy's Leonardo have agreed the next steps to deliver the concept phase of a next-generation combat aircraft, BAE Systems said on Tuesday.