Saudi Arabian Military Industries (SAMI) looks to investment in South Africa

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  September 10, 2018 | International, Land

  Australia, Rheinmetall ink $500 million contract for military trucks

  By: Sebastian Sprenger COLOGNE, Germany — Australia has signed a contract with Rheinmetall to supply military trucks worth €430 million (U.S. $500 million) to the country's armed forces, the company announced Thursday. The deal for 1,000 logistics trucks comes on top of a previous order for 2,500 such vehicles, worth €1.2 billion. Deliveries for the new order will begin next year and last until 2024, the German company said. The latest batch of vehicles stems from the Australian LAND 121 Phase 5B program, which is an extension of the larger 3B segment. “This follow-up order is of great strategic significance to us, providing an excellent reference for other important international projects,” Rheinmetall CEO Armin Papperger was quoted as saying in the company statement. “It reflects Australia's satisfaction with our performance and the quality of our vehicles,” he added. “Rheinmetall's latest success in the Asia-Pacific region proves that our products are at the cutting edge of technology, and that the customer see in us a proven and reliable partner, fully capable of carrying out sophisticated large-scale projects.” The Düsseldorf, Germany-based company currently is Australia's largest supplier of military vehicles, according to the website of the state of Queensland. Rheinmetall is establishing a “military vehicle center of excellence” outside of Brisbane, the state's capital. That location is slated to be a hub for the Australian military's LAND 400 program, for which Rheinmetall was formally tapped last month to build Boxer wheeled armored reconnaissance vehicles worth €2.1 billion. The award was first announced by the Australian government in March. There could be yet more business for Rheinmetall in Australia. The next phase of the multibillion-dollar LAND 400 program, which addresses a requirement for new infantry fighting vehicles, began with the release of a tender in late August. Rheinmetall is expected to put forward its Lynx vehicle. Companies have through March 1, 2019, to submit bids. https://www.defensenews.com/industry/2018/09/07/australia-rheinmetall-ink-500-million-contract-for-military-trucks/

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  December 18, 2019 | International, Land, C4ISR

  FLIR Awarded $92.9 Million Contract for Logistics Support to U.S. Army Product Manager Force Protection Systems

  Arlington, Va., December 16, 2019 ― FLIR Systems, Inc. (NASDAQ: FLIR) announced that it has been awarded a five-year, firm-fixed-price Indefinite Delivery, Indefinitely Quantity (IDIQ) contract by the U.S. Army Contracting Command, Aberdeen Proving Ground, Maryland. The IDIQ vehicle has a ceiling value of $92.9 million, with an initial order of $5.2 million. The award is for repair, refurbishment, and logistics support of electro-optical (EO) and infrared (IR) sensors used by the Army's Product Manager Force Protection Systems programs, including Base Expeditionary Targeting Surveillance System-Combined (BETSS-C), Combat Outpost Surveillance Force Protection System, and Foreign Military Sales. BETSS-C entails a combination of cameras and surveillance equipment mounted on deployable towers and used to monitor wide areas around important military locations and bases. FLIR has been part of the BETSS-C effort since 2004 when it was called RAID, providing long-range EO/IR sensors at the heart of the system. Today, the company supplies high-definition sensors for BETSS-C as well as radars capable of detecting vehicles, people, or other moving objects at range. FLIR has delivered more than a thousand EO/IR sensors to the U.S. Army as part of the BETSS-C program. This latest IDIQ maintains the service partnership and related revenues FLIR has accrued with the Army, while augmenting the company's ability to meet their needs. “BETSS-C is a critical piece of technology that supports the safety of U.S. forces and its allies at locations around the world,” said David Ray, president of FLIR Systems' Government and Defense business unit. “We value this opportunity to support the Army and optimize the capabilities of this vital surveillance system.” The contract covers a five-year period of performance starting in the fourth quarter of 2019. Work will be performed at FLIR's Wilsonville, Oregon site and international repair facilities. About FLIR Systems, Inc. Founded in 1978, FLIR Systems is a world-leading industrial technology company focused on intelligent sensing solutions for defense, industrial, and commercial applications. FLIR Systems' vision is to be “The World's Sixth Sense,” creating technologies to help professionals make more informed decisions that save lives and livelihoods. For more information, please visit www.flir.com and follow @flir. Forward Looking Statements The statements in this release by David Ray and the other statements in this release about the contract and order described above are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates, and projections about FLIR's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to manufacture and deliver the systems referenced in this release, changes in pricing of FLIR's products, changing demand for FLIR's products, product mix, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of FLIR to manufacture and ship products in a timely manner, FLIR's continuing compliance with U.S. export control laws and regulations, and other risks discussed from time to time in FLIR's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and FLIR does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers. View source version on FLIR Systems: https://www.flir.com/news-center/military/flir-awarded-$92.9-million-contract-for-logistics-support-to-u.s.-army-product-manager-force-protection-systems/

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  April 19, 2021 | International, Aerospace

  US Air Force HH-60W combat rescue helicopter finishes developmental tests

  The US Air Force’s Sikorsky HH-60W Jolly Green II combat rescue helicopter finished its developmental test programme on 13 April.