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January 21, 2024 | International, Aerospace

Private-equity firm acquires aviation firm Kaman for $1.8 billion

Kaman, known for its K-MAX helicopter and KARGO UAS, will become a privately held company upon its sale to a private-equity firm.

https://www.defensenews.com/land/2024/01/19/private-equity-firm-acquires-aviation-firm-kaman-for-18-billion/

On the same subject

  • As deadline nears, Senate approves $674 billion defense budget bill

    September 19, 2018 | International, Aerospace, Naval, Land, C4ISR, Security

    As deadline nears, Senate approves $674 billion defense budget bill

    By: Leo Shane III and Joe Gould WASHINGTON — With the fiscal year winding down, Senate lawmakers on Tuesday advanced a multi-agency appropriations deal that would prevent a government shutdown and give the Defense Department its full-year budget on schedule for the first time in a decade. The measure, which provides for more than $606 billion in base defense spending and nearly $68 billion more in overseas contingency funds, is in line with White House requests and spending targets outlined in the annual defense authorization bill approved earlier this summer. “After subjecting America's all-volunteer armed forces to years of belt tightening, this legislation will build on our recent progress in rebuilding the readiness of our military and investing more in the men and women who wear the uniform,” Senate Majority Leader Mitch McConnell, R-Ky., said before the Senate vote. The funding total — approved by a 93-7 vote — amounts to an increase of more than 3 percent for military spending in fiscal 2019, but as important as the boost is the timing of the measure. In recent years, Congress has struggled to pass any appropriations measures before the start of the new fiscal year, relying instead on a series of budget extensions to avoid partial government shutdowns. That has infuriated Pentagon leaders, who have said the fractured appropriations process prevents them from keeping equipment purchases and new program starts on time. If the House finalizes the appropriations measure next week and President Donald Trump signs it into law in the following week (all parties involved have already signaled they expect to do so ), it will mark the first time since 2008 that Congress and the White House have passed their spending plans on time. Senate Armed Services Committee Chairman Jim Inhofe, R-Okla., called that “a major victory” for Congress and the military. The measure funds a 2.6 percent pay raise for troops starting next January and a boost in military end strength of 16,400 spread across the active-duty and reserve forces. Operation and maintenance spending totals $243.2 billion of the defense total, and research and development efforts another $96.1 billion. Defense health and military family programs would receive $34.4 billion. The appropriations fund 13 new Navy ships ― including three DDG-51 guided missile destroyers and two Virginia-class submarines ― 93 F-35 aircraft, 58 UH-60 Black Hawk helicopters, 66 AH-64 Apache helicopters, 13 V-22 aircraft, and $1.5 billion for the upgrade of 135 Abrams tanks. The National Guard and Reserve Equipment Account would also see a $1.3 billion boost from the appropriations plan. In order to avoid political fights over non-defense spending levels, lawmakers agreed to package the military budget bill with the full-year funding for the Departments of Health and Human Services, Labor, and Education. In addition, the legislation contains a budget extension for a handful of agency budgets lawmakers have not yet finished negotiating. The move will prevent a government shutdown at the end of the month, when the fiscal year ends. Several senators lamented before the vote that all of the appropriations bills have not yet been finalized, but for the first time in years, defense advocates aren't among those complaining. In addition to the full Defense Department appropriations plan, lawmakers last week finalized a spending plan for military construction projects and the Department of Veterans Affairs, covering nearly all aspects of national defense and military personnel spending. https://www.militarytimes.com/news/2018/09/18/as-deadline-approaches-senate-advances-674-billion-defense-budget-bill

  • Cash-strapped Britain eyes shrinking its order of new early-warning planes

    September 23, 2020 | International, Aerospace

    Cash-strapped Britain eyes shrinking its order of new early-warning planes

    Andrew Chuter LONDON – Britain is poised to cut an order for Boeing E-7 Wedgetails, with the airborne early warning and control aircraft possibly becoming the first confirmed victim of the government's upcoming integrated defense review. Negotiations between Boeing and the Ministry of Defence have been underway since mid-summer over a possible reduction in Wedgetail numbers from five to three, or possibly four, aircraft as part of a wider cost-cutting exercise. Newspapers here have recently been full of leaks about possible capability cuts and delays to equipment like armored vehicles, artillery, surface warships and support ships and fighter aircraft. All of the leaks have been brushed off by the MoD as speculation, even though some of the leaks were likely inspired by the MoD itself to test the waters of political and public acceptability. This time, though, the response from the MoD was different. Replying to a tweet in The Times Sept. 22 an MoD spokesperson pretty much confirmed the cuts were under consideration. “We regularly discuss equipment programs with our partners, particularly when it comes to making savings and cutting costs, where appropriate,” they said. A Boeing spokesperson in London said the company “doesn't comment on commercial matters.” Defense consultant Howard Wheeldon of Wheeldon Strategic Advisory said leaving the RAF with just three Wedgetails would leave the UK seriously short of aerial command-and-control and situational awareness capability. “Personally, I regard this as little short of insanity. ... To guarantee 27/7 capability requires that the UK has a minimum of five airframes. Potentially reducing the number to three would have very serious consequences and if this really has already been decided it needs to be reconsidered very quickly. Assured 24/7 AWACS capability is not just an option – it is an absolute necessity,” said Wheeldon. A potential reduction in Wedgetail numbers is not the only ISTAR capability cut in the cards. The RAF remains on track to take out of service next year its Raytheon-supplied Sentinel battlefield surveillance aircraft. In early 2019 the MoD controversially signed a deal worth £1.5 billion – without a competition – to supply five of the Wedgetail airborne early warning aircraft to the RAF with deliveries starting in 2023 and the final platform being handed over in 2025. The aircraft will replace the RAFs increasingly ancient Sentry E-3D's, whose capability has been limited by under-investment going back years. The deal with Boeing was meant to restore high-quality airborne early warning to the RAF by the mid 2020s. Last year the company signed a deal with STS Aviation to modify the 737NG commercial aircraft used for Wedgetail to an AEW configuration at a hangar on Birmingham airport in England. Early work on stripping out two second-hand airliners has already got underway in the US ahead of the aircraft being transferred to the UK where the modification effort will create jobs. Wedgetail is not operated by the US military but has secured Australia, Turkey and South Korea as export customers. Much of the equipment for the RAF aircraft are due to be supplied by Australian industry. The move to reduce Wedgetail numbers comes as the government moves closer to taking the wraps off what it has promised to be a “fundamental” review of British defense, security, foreign policy and overseas development. Led by the Prime Minister Boris Johnson and his chief advisor Dominic Cummings, the review is looking at pivoting defense away from conventional sunset capabilities to more sunrise technologies in areas like space, artificial intelligence, cyber and undersea warfare. The trouble is Britain's Brexit- and Covid-19-battered economy is unlikely to find much, if anything, in the way of additional resources for an MoD which already has significant funding issues. To make room for costly future technology programs the armed services are going to have to make sacrifices elsewhere. The procurement process is likely to be in Cummings cross hairs along with conventional capabilities like main battle tanks and army personnel numbers. When the review is published, possibly around mid-November, it's likely to be a bloody affair. One industry executive here, who asked not to be named, said he thought the outcome was likely to be worse than the 2010 strategic defense and security review, which stripped out capabilities like aircraft carriers, fast jets, maritime patrol aircraft and personnel. Wheeldon said by now nobody should imagine the integrated defense review is about building Britain's defense capabilities, but quite the reverse. “If anyone really is still under the illusion that the underlying intention behind the 2020 ‘Integrated Review' process – that of forming a soundly based long-term strategic decision making process of where the UK wants to be in the future, why and what defense and security capability will be required to meet those ambitions – let them now understand that the reality is that what eventually emerges will primarily have been about further cutting of UK defense capability at a time when others, including our adversaries and would-be enemies, are increasing their expenditure in the sector.” https://www.defensenews.com/global/europe/2020/09/22/cash-strapped-britain-eyes-shrinking-its-order-of-new-early-warning-planes/

  • US Army lab cuts down risk-reduction timeline ahead of Project Convergence

    November 24, 2021 | International, C4ISR

    US Army lab cuts down risk-reduction timeline ahead of Project Convergence

    The communications exercise risk-reduction leading up to a major Army exercise last year took six weeks. Now the lab is able to fulfil that same need in 10 days.

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