Russian air defence systems destroy 41 Ukraine-launched drones -Russian defence ministry | Reuters

On the same subject

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  July 26, 2019 | International, Aerospace, Security

  Private equity firm to buy UK defense company in $5 billion deal

  By: Kelsey Reichmann WASHINGTON — The U.S. private equity group Advent International Corp. will acquire U.K. defense firm Cobham plc for £4 billion, or $5 billion, on Thursday. Advent, which has completed over 345 buyouts in 41 countries, purchased Cobham through its indirect subsidiary AI Convoy Bidco Limited. “We have worked intensively over the last two and half years to focus on our customers and our financial and operating performance, and these fundamentals, along with the investment in the business Advent can provide, will enable us to leverage the quality of our products and services," said David Lockwood, CEO of Cobham, in the press release. "Most of all, this offer reflects the potential for future growth and improving performance, and is an endorsement of our turnaround strategy and our hard working people.” Cobham, which creates products for the defense, aerospace, and space industries, is ranked 57 on the Defense News Top 100 with 64 percent of its annual revenue, or $1.59 billion, coming from defense. The deal is expected to be completed before the end of 2019, according to the press release. https://www.defensenews.com/top-100/2019/07/25/uk-defense-company-acquired-for-5-billion/

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  June 12, 2018 | International, Land

  Meet Serval, France’s next multi-role armoured vehicle

  PARIS — France has given a brand name for its planned light multi-role armoured reconnaissance vehicle, or VBMR: Serval. The French Armed Forces Minister Florence Parly confirmed “the forces are waiting impatiently for these Light VBMR,” in a June 11 speech to mark the official opening of the Eurosatory trade show. “They will be efficient, protectors, innovative,” she added. “I believe they will be feared and decisive for our strategic security. For these Light VBMR, they lack nothing, except a name. It is a real honor to baptize these Light VBMR with the name Serval.” That name was a tribute to the “know-how and audacity” of the French forces and borrowed from a desert cat known for its “dexterity, speed and smarts,” she said. The French forces conducted the Serval combat operation in Mali, which ran from 2012 to 2014 and took its name from a wild cat found in sub-Saharan Africa. The French parliament has approved the multi-year defense budget, which has boosted the order for Light VBMR by 420 units to 978, she said. https://www.defensenews.com/digital-show-dailies/eurosatory/2018/06/12/meet-serval-frances-next-multi-role-armoured-vehicle/

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  May 2, 2022 | International, Land

  Chile buys light armored vehicles from New Zealand in $20M deal

  Up to 40 vehicles are needed in the long term, and could come from either from New Zealand or other countries where they're available, according to military sources in Chile.