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September 13, 2023 | Local, Aerospace

Report cites human factors in CC-150 collision in Guam - Skies Mag

Human factors may have been the cause of an accident between a CC-150 Polaris and a French Air Force A400M at the end of Exercise Mobility Guardian.

https://skiesmag.com/news/report-cites-human-factors-cc-150-polaris-collision-guam/

On the same subject

  • Canadian military ditches plan to paint new search-and-rescue planes grey, will stick with familiar yellow

    September 24, 2018 | Local, Aerospace

    Canadian military ditches plan to paint new search-and-rescue planes grey, will stick with familiar yellow

    David Pugliese, Ottawa Citizen Canada's military has reversed its plan to abandon the familiar yellow paint scheme for the country's new search-and-rescue planes after debate within the ranks over the aircraft's need to be visible on such missions. The new fleet of 16 Airbus C-295W planes will replace the main Royal Canadian Air Force search-and-rescue fleet of Buffalo aircraft as well as the Hercules transport planes which are also used at times in a search-and-rescue role. Postmedia reported last year that RCAF leadership had requested the new planes be painted tactical grey, asking for a change to the original contract which had stipulated the familiar yellow colour scheme, because they wanted the aircraft to be available for other missions, including combat. But the move to the grey paint scheme has now been reversed. “While there was, last year, a stated interest in painting the C-295W grey, a decision was made following further consultation to maintain the iconic yellow colour scheme of the RCAF's current SAR fleet, such as the Buffalo, Twin Otter, Cormorant and Griffon,” the Department of National Defence said in a statement Wednesday. “This colour, which provides a higher level of visibility and recognition in the ground and the air, is also widely known by Canadians — especially those who might find themselves in a situation requiring our aid.” Asked last year about the plan to ditch the yellow paint scheme, the Forces said in a statement to Postmedia that “the RCAF has made the decision to use a grey colour scheme for the C-295W fleet to enable surging flexibility for the very wide range of missions the RCAF is required to conduct, from humanitarian and disaster relief missions, to security missions with partners, and all the way to full spectrum operations.” Military sources said RCAF leadership wanted to redirect some of the planes for use on international missions instead of search-and-rescue. But that unilateral decision sparked heated debate inside the military and DND and, sources said, the air force was forced to abandon its plans. When the federal government awarded the contract to Airbus in December 2016, cabinet ministers highlighted the importance of having the right aircraft for the search-and-rescue job. “With this technology, we are giving our women and men in uniform the tools they need to continue to deliver effective and essential search and rescue operations,” defence minister Harjit Sajjan said at the time. Construction of the first aircraft began in 2017 and the first new planes are expected to be delivered in 2019. They are outfitted with sensors that allow RCAF personnel to share real-time information with searchers on the ground. Equipment also includes sensors for searching in low-light conditions. A centre, equipped with simulators, is being built at Comox, B.C. to support training for the air crews. The RCAF's Buffalo and Hercules aircraft assigned to search and rescue perform more than 350 missions annually, according to the Canadian Forces. The Canadian military is responsible for providing aeronautical search and rescue operations. But the project to purchase the new planes has faced a rough road over the years. The competition was announced in 2004 by the then-Liberal government and re-announced by the Conservative government in 2006. But it took another decade before it could be completed and Airbus declared the winning company. Even then, Leonardo, an Italian aerospace firm, launched a lawsuit against Canada over what it claimed was a rigged purchase that favoured Airbus. That lawsuit was dropped earlier this year, shortly before the federal government awarded Leonardo a new sole-source deal potentially worth billions of dollars to upgrade Cormorant search-and-rescue helicopters. Officials with the Canadian Forces and Leonardo say the ending of the legal action in May had nothing to do with the company being picked for the new project the same month. https://nationalpost.com/news/canadian-military-ditches-plan-to-paint-new-search-and-rescue-planes-grey-will-stick-with-familiar-yellow

  • Barges being acquired by Canadian navy can be used for Asterix or JSS

    October 29, 2019 | Local, Naval

    Barges being acquired by Canadian navy can be used for Asterix or JSS

    DAVID PUGLIESE, OTTAWA CITIZEN Navamar Inc. of Montreal has received a $12 million contract to provide five “ship-to-shore connector systems” to the Royal Canadian Navy. The pontoon barges would be used to move supplies to shore from either the MV Asterix replenishment ship or the future Joint Support Ships, reports Esprit de Corps military magazine. The large craft could be used during humanitarian missions or on operations where no dock is available. The former Protecteur-class replenishment ships also had a landing craft vehicle personnel capability (LCVP), which provided limited support to humanitarian and disaster relief operations, according to the Department of National Defence. “The new sea to shore connectors will be more robust and versatile, and provide a significantly improved capability,” it added in a statement. The connectors will be modular and configurable to adapt to almost any mission, the department noted. They could be used as a temporary jetty anchored to the shoreline or as a large barge to assist in ship maintenance and repair or perform evacuation operations. In terms of cargo capacity, the old LCVP had enough space to transport a couple of pallets of rice bags or 40 people. The new sea to shore connectors will be able to carry thousands of bags of rice, hundreds of personnel, and multiple vehicles, according to the DND. Construction is scheduled to start August 2020 with final delivery in September 2022, said DND spokeswoman Jessica Lamirande. In other JSS news, Seaspan has awarded Hepburn Engineering Inc. of Toronto, ON, a contract for work on Canada's new Joint Support Ships. Hepburn will provide four Replenishment Stations for the Joint Support Ships, which will allow the vessels to transfer fuel, fresh water, and solid goods to and from other vessels. These Replenishment-at-Sea (RAS) systems will be fully compatible with NATO standards, allowing the JSS to resupply and refuel Canadian and allied task force ships at sea. https://ottawacitizen.com/news/national/defence-watch/barges-being-acquired-by-canadian-navy-can-be-used-for-asterix-or-jss

  • After The Shock: Implications For M&A In The Aerospace & Defense Market

    June 29, 2020 | Local, Aerospace

    After The Shock: Implications For M&A In The Aerospace & Defense Market

    By Adil Khan, Jim Adams and Steve Beckey Forbes; KPMG Contributor Jun 23, 2020 The current economic disruption—coming on the heels of the 737MAX suspension—has varying impact across A&D segments. The impact on commercial aerospace has been immediate and extensive, while the defense sector has largely remained unscathed. However, it is hard to see how it will remain so, given the extensive fiscal measures being taken. What will this mean for M&A in A&D? Some trends are beginning to emerge that will affect the entire deal life-cycle (from deal strategy through integration and value creation). Yet, as in other times of economic disruption, new opportunities will emerge, which leads us to believe that the slowdown of M&A activity will be short-lived. As we enter this next phase, deal makers who adapt quickly to the realities of the new industry landscape could be well positioned to maximize value. Pre COVID-19 environment Not too long ago, commercial aerospace was booming, with year-over-year ramp ups in build rates and record backlogs. There were expectations of another golden decade — further extending the unprecedented 14-year “super up-cycle”, defying the long-standing cyclicality of the sector. However, in 2019, the historic correlation between GDP, air-traffic growth, carrier profitability, orders and build rates was suddenly disrupted. GDP and airline profitability levels remained relatively healthy, but new orders and build rates dropped as the industry grappled with the 737MAX shock, as well as a slowdown in the twin-aisle segment. Other undercurrents also emerged — slowdowns in world trade from escalating tariff tensions, weakness in high-growth geographic markets such as China and India, and declining consumer confidence. In contrast, U.S. defense spending was on the rise, averaging 4 percent1 annual growth over the past 5 fiscal years; the $738 billion FY2020 defense bill2 ensured this momentum would continue. The government services sector was also set to benefit from continued funding increases to modernize IT infrastructure and address evolving national security challenges. With general confidence in the long-term fundamentals of the sector and a favorable budgetary environment, players in certain A&D segments pursued M&A to build scale. Others “re-realized” that content matters and initiated vertical and horizontal integration strategies to capture more value and drive cost competitiveness, or acquired targeted niche capabilities and emerging technologies. We also saw the emergence of Super Tier I's through scale-driving consolidation aimed at broadening capabilities and potentially exerting greater influence on OEMs. Deal volume in the A&D sector reached record levels — almost doubling over the last 5 years and outpacing the broader M&A market by 40 percent.3 Valuations remained elevated on the strength of high bidder interest, limited supply of attractive assets, high A&D stock valuations (which outperformed the S&P 500 by 8 percent),4 as well as healthy balance sheets and strong cash positions. TEV/EBITDA multiples for A&D transactions averaged 11x,5 outpacing increases in the overall M&A market. Although, deal volumes moderated in the second half of 2019, amid elevated uncertainty about defense spending heading into a presidential election year, the overall outlook remained optimistic. COVID-19 impact COVID-19 caused a precipitous collapse in air traffic. With travel restrictions and stay-at-home orders, carriers around the globe made unprecedented cuts to capacity, idled fleets, and began deferring or canceling new aircraft deliveries. Also, the MRO (maintenance, repair, and overhaul) and aftermarket segments, which had benefited from the prolonged 737MAX grounding and high fleet utilization, suddenly faced stiff headwinds. Thus far, the defense industrial base has not experienced a COVID-19 demand shock. There is no noticeable disruption in appropriations or major delays and cancellation of military programs. However, as in the commercial sector, defense contractors are actively monitoring their supply base and taking steps to preserve liquidity, minimize supply chain disruption, and taking measures to comply with CDC and local government guidelines. The range of scenarios for defense spending is bookended by two scenarios: an elevated national security threat that would preserve or accelerate funding, or a reordering of budget priorities to fund social and other mandatory programs, resulting in sequestration-type measures, similar to 2011. With these developments, volatility in the financial markets, lack of access to financing, alternative more pressing liquidity needs by corporates and most importantly, uncertainty in the marketplace, deal flow in A&D has come to an immediate standstill. Several “in-flight” processes have been halted, new deals in the pipeline have been deferred, and even some announced transactions terminated. Access to the new public offering market is effectively closed. The gap in expected valuations between buyers and sellers has widened considerably, due to disparate perceptions of the extent of economic disruption caused by COVID-19; contrasting views on reopening of the economy and the pace of return to normal; and diverse perspectives on what the post-COVID-19 new reality looks like. This has rendered financial forecasts and pre-COVID-19 market perspectives obsolete. Further, the extent and nature of unusual and non-recurring events6 impacting financials, present considerable challenges for deal makers to form a credible view of normalized earnings and cash flows. With the lack of reliable projections, it is nearly impossible to form a credible view on valuations let alone bridge this gap. Additionally, although M&A teams have attempted to navigate through practical challenges with offsite due diligence, virtual facility tours, video conferences, etc., adapting to a virtual M&A environment, especially for cross-border deals, has been challenging. Developments to watch as economies reopen Given the health concerns, changes in social behaviors (some of which may be slow to reverse) and anticipated lead-time to an effective vaccine, a V-shape recovery in air traffic appears increasingly unlikely. As governments move from combating coronavirus to reopening economies, the pace and extent of the economic recovery is expected to vary significantly around the world. Further, some long-lasting or permanent developments may trigger some dramatic shifts in the sector: KPMG Implications for M&A trends and outlook KPMG Although we probably do not expect to see M&A activity return to the pre-crisis levels immediately, we expect M&A activity to drive realignment of the industry landscape in the post COVID-19 environment. Implications for M&A Capabilities As we enter the next phase, deal makers will need to adapt to the realities that impact how deals get done. Examples include: KPMG While the challenges are intimidating, the opportunities will be vast, and those who move quickly and decisively are likely to be rewarded for years to come. Those who take this unique opportunity to prepare and are ready to act will stand ready to reshape the A&D industry. 1. 2019 DoD Comptroller Data (Green Book) 2. Department of Defense 3. CapIQ, Institute for Mergers, Acquisitions, and Alliances 4. Year return, S&P A&D index vs S&P 500 5. Trailing 12-month average to June 2019 and avg. 16x for deals >$500M in value; CapIQ, Dacis Company reports and Press releases 6 Worker furloughs, facility shut-downs, loss of business or order cancellation, idled or underutilized facilities, CARES Act funding, changes to performance-based compensation structures or payouts, health and sanitization related measures, IT infrastructure investments to adapt to remote working environment, deferral of payroll taxes, carryback of NOLs, increased interest expense tax deduction, etc KPMG Contributor

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