Rolls Royce sees supply chain issues lasting 2023

On the same subject

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  August 6, 2020 | International, Aerospace

  Saab prepares GlobalEye bid for South Korea

  by Jon Grevatt Saab has reaffirmed its intention to offer its GlobalEye platform for South Korea's recently announced programme to acquire additional airborne early warning and control (AEW&C) aircraft for the Republic of Korea Air Force (RoKAF). Saab told Janes that it expects the procurement to feature an initial two aircraft acquired through either an open tender or a direct acquisition. South Korea's Defense Acquisition Program Administration (DAPA) is expected to confirm the procurement method later this year. A Saab spokesperson said that the company's offer will also include “both technology and collaboration projects” that match South Korea's future aerospace requirements and involve “multiple stakeholders from the military, government, industry, and other partners”. While detail on these projects will be expanded as the programme enters future phases, the spokesperson said Saab has already developed “clear principles and ideas for collaboration” as well as highlighted its own capabilities to local stakeholders, and “gathered information on Korean industry”. The spokesperson said, “Korea is a country with a highly skilled and developed industry opening several interesting areas for co-operation which we hope to explore further in the coming stages of the programme.” Although not confirmed by the company, this is likely to draw on Saab's existing industry ties in the country, which include strong links with LIG Nex1, one of South Korea's leading military electronics and missile manufacturers. Saab and LIG Nex1 have previously collaborated on supplying the Swedish group's Arthur Weapon Locating System to the Republic of Korea Armed Forces and on developing radar technologies. https://www.janes.com/defence-news/news-detail/saab-prepares-globaleye-bid-for-south-korea

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  November 5, 2018 | International, Aerospace, Naval, C4ISR

  Italy spends $5.7 billion on military procurement in 2018

  By: Tom Kington ROME — Italy has spent slightly more than €5 billion (U.S. $5.7 billion) on defense procurement in 2018 and launched a series of new programs, a newly released spending document has revealed. Published months behind schedule, the Defence Ministry document also states that the ministry's overall budget, which includes its contribution to procurement as well as funds for personnel and maintenance and operations, stood at €13.8 billion this year, up from €13.2 billion the year before. The total budget for procurement combines a €2.3 billion contribution from the Defence Ministry funding with a €2.8 billion top-up from Italy's Ministry of Economic Development, which has long shored up acquisition funding. A chart published in the document shows that procurement funding from the defense ministry has risen 83 percent from €1.5 billion in 2008, and overtook Defence Ministry procurement in 2016 for the first time. The figures are contained in Italy's annual defense spending document, which is due to be examined by the Italian parliament's defense commission next week and has been seen by Defense News. The document breaks down spending per program in 2018 and lists new programs receiving funding for the first time, including four new Chinook helicopters for special forces troops, which will cost €528 million over nine years. Launch funding is also allotted for the purchase of a third pair of U212 submarines for the Italian Navy, a program due to cost a total of €2.35 billion. There is also launch funding for a second pair of Cosmo Skymed Second Generation radar satellites which will cost a total of €212 million. Also included in the budget is funding to launch the purchase of a new submarine rescue vessel which will cost a total of €424 million. Usually published in the spring, the release of the budget overview has been held up by a change of government, which saw a center-left administration replaced in June by a populist coalition. The new government's defense budget plans are yet to be finalized as the overall state budget is still being worked on, but a source has already told Defense News that €450 million are to be trimmed from planned spending to help fund social welfare programs. The programs to be put on ice during 2019 are NH-90 helicopter acquisitions and the CAMM-ER missile program, while plans to move the headquarters of individual military services in Rome under one roof in premises on the outskirts of the capital have been scrapped. https://www.defensenews.com/global/europe/2018/11/02/italy-spends-57-billion-on-military-procurement-in-2018

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  December 21, 2023 | International, Land

  RTX shake-up signals a shift from change to steadiness, analysts say

  With a change in leadership, RTX may be trying to address short and long-term challenges, analysts told Defense News.