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July 22, 2020 | International, Naval

ST Engineering and IAI Set Up JV to Market Advanced Naval Missile Systems

July 16, 2020 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its land systems arm has signed an agreement with Israel Aerospace Industries Ltd (IAI) to set up a joint venture company (JV) in Singapore. ST Engineering and IAI shall each hold a 50% share of the JV.

The JV, named Proteus Advanced Systems Pte Ltd, will leverage the strengths and track record of its parent companies to market and sell advanced naval missile systems, including a next generation anti-ship missile system.

The setup of this JV is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 22,000 people across offices in Asia, the Americas, Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. With more than 500 smart city projects across 70 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $6.7b in FY2018 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index. For more information, visit stengg.com.

View source version on Israel Aerospace Industries Ltd (IAI): https://www.iai.co.il/st-engineering-and-iai-advanced-naval-missile-systems

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  • Germany wants its own version of DARPA, and within the year

    July 19, 2018 | International, C4ISR

    Germany wants its own version of DARPA, and within the year

    By: Sebastian Sprenger COLOGNE, Germany — Germany Defence and Interior ministry officials are pushing for the creation of a new agency this year that will study disruptive technologies relevant to Germany's defense and security. A decision on the way forward is expected “shortly,” a Defence Ministry spokesman told Defense News on Wednesday. Planning is underway to get the green light from the Finance Ministry, a necessary step because the agency would be set up as an “in-house” limited liability corporation, according to the spokesman. If all goes according to plan, insiders believe Cabinet-level consideration of the effort could come as early as September. While there is no official word on the exact timing, the spokesman said creating the agency is firmly on the calendar for 2018. The full name for the outfit is “Agentur für Disruptive Innovationen in der Cybersicherheit und Schlüsseltechnologien,” or ADIC. Its name first popped up in the coalition-government agreement between Chancellor Angela Merkel's Christian Democratic Union and Social Democrats in March. The document postulated that the agency, overseen by the two ministries for interior and exterior security, would help ensure Germany's “technological innovation leadership.” Also requested in that document was the creation of an “IT security fund” that would help protect related key technologies. Defence Minister Ursula von der Leyen referred to the coming agency in a speech in May, equating its purpose to that of the Pentagon's Defense Advanced Research Projects Agency, otherwise known as DARPA. She presented the idea as part of a wider plan toward deep-futures thinking on cybersecurity matters, which also includes a study program at the Bundeswehr University in Munich. Under the relatively new shift to emphasize all things cyber in the German military, the Defence Ministry's Cyber Innovation Hub, created last year, is slated to survey the domestic technology startup scene for ideas with potential military application. Asked by Defense News what status the upcoming agency will accord to the field of artificial intelligence, ministry officials responded that such projects “generally” would be eligible to receive temporary funding if they are deemed relevant to the mission. Much remains unknown about the German military's approach to artificial intelligence, famously dubbed by Russian President Vladimir Putin last year as the technology that holds the key to ruling the world. “The research area of artificial intelligence and potential applications by the Bundeswehr are being substantively reviewed,” the defense spokesman said. Whether the new ADIC or any of the existing organizations inside the Defence Ministry would get involved remains an open question, he added. Some experts fear Germany is falling behind the the United States' and China's enormous efforts in artificial intelligence, though government officials have said they believe the country's talent base and emerging policy framework can ensure success. A whitepaper released Wednesday by the Cabinet agency leading the push on AI, the Ministry of Education and Research, proclaimed the goal of making German-made AI a “seal of quality recognized all over the world.” The document will lead to a more comprehensive strategy by late November. It makes no explicit mention of any military or defense applications. Efforts already exist within the armed forces and the wider government to employ data-mining and predictive-analysis tools, which fall under the broader definition of artificial intelligence. For example, defense officials have touted experiments with a forecasting application developed to predict worldwide crises. Officials also try to play up the Bundeswehr's geekiness in its search for new recruits. A current online marketing campaign showcases the career field of a Bundeswehr University professor employing AI techniques to analyze terror attacks for patterns. https://www.defensenews.com/global/europe/2018/07/18/germany-wants-its-own-version-of-darpa-and-within-the-year

  • Textron Aviation Defense announces $70.2M U.S. Air Force contract award for two Beechcraft AT-6 Wolverine aircraft, training and support services

    March 18, 2020 | International, Aerospace

    Textron Aviation Defense announces $70.2M U.S. Air Force contract award for two Beechcraft AT-6 Wolverine aircraft, training and support services

    Wichita, Kan. March 16, 2020 – Textron Aviation Defense LLC, a Textron Inc. (NYSE:TXT) company, today announced the finalization of a $70.2 million Other Transaction Authority (OTA) with the U.S. Air Force Life Cycle Management Center to equip the U.S. Air Force with two Beechcraft AT-6 Wolverine aircraft, pilot training, engineering services and up to four years of contractor support for maintenance and spares. The work in support of this OTA, which includes activities in support of military type certification, will take place in Wichita, Kansas. “Textron Aviation Defense is proud to equip the U.S. Air Force with the multi-role Beechcraft AT-6 Wolverine,” said Brett Pierson, vice president of Defense Strategy and Sales. “The AT-6 is a vital element of the National Defense Strategy to build ally and partner capacity, capability and interoperability — and does so at a fraction of the cost of other combat aircraft. 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Goldfein in a U.S. Air Force press release published upon the issuance of the request for proposal. “Continuing this experiment, using the authorities Congress has provided, gives us the opportunity to put a small number of aircraft through the paces and work with partner nations on ways in which smaller, affordable aircraft like these can support their air forces.” ACC will experiment with the AT-6 to further examine the ways in which a common architecture and intelligence-sharing network will connect platforms, sensors and weapons and deliver a digital network for light attack aircraft. “It's rewarding to equip U.S. and partner nations with an affordable, easy to maintain and highly effective tactical aircraft in this era of constrained military budgets,” Pierson added. “The U.S. Air Force and Navy flew the AT-6 during the Light Attack experiment, putting its combat-proven A-10 mission computer, Wescam MX-15 EO/IR sensor, Airborne Extensible Relay Over-Horizon Network (AERONet) and other capabilities to work, employing a substantial amount of ordnance, demonstrating aircrew re-fueling and re-arming at the Forward Arming and Refueling Point (FARP) and conducting other activities in support of experiment objectives. 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Purpose-built for light attack, Close Air Support (CAS), Precision Strike, and SOF Intelligence, Surveillance & Reconnaissance (ISR) in austere and permissive environments, the Beechcraft AT-6 Wolverine turboprop meets the full spectrum of U.S. Air Force Light Attack Aircraft requirements while delivering the greatest level of mission configurability, the most advanced ISR technology and the world's most cost-effective solution combining proven systems from the A-10C, F-16 and T-6 with commercial off-the-shelf components designed to drive down acquisition and total lifecycle costs. The open architecture Scorpion jet's unparalleled low acquisition, operating and training costs equip our warfighters with exceptional mission readiness, an 85-cubic ft payload bay, multi-spectral enhanced targeting, manned/unmanned teaming (MUM-T), cost-effective testbed capabilities and a full array of DoD-proven precision and general-purpose munitions with limitless possibilities. Textron Aviation's innovative technologies and advanced engineering techniques equip military customers worldwide with the performance, reliability and technological advantage they expect from an industry leader, all backed by proven training programs and the most capable global logistics infrastructure. Visit defense.txtav.com and scorpionjet.com About Textron Aviation Inc. Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. The Textron Aviation brands represent unrivaled innovation, performance and leadership in the industry, and offer an unmatched value proposition rooted in the total ownership experience. 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Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com. Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military products. Media Contact: Sylvia Pierson +1.316.617.7413 spierson@txtav.com www.defense.txtav.com View source version on TEXTRON: https://investor.textron.com/news/news-releases/press-release-details/2020/Textron-Aviation-Defense-announces-702M-US-Air-Force-contract-award-for-two-Beechcraft-AT-6-Wolverine-aircraft-training-and-support-services/default.aspx

  • Russia-Linked Turla Exploits Pakistani Hackers' Servers to Target Afghan and Indian Entities

    December 4, 2024 | International, C4ISR, Security

    Russia-Linked Turla Exploits Pakistani Hackers' Servers to Target Afghan and Indian Entities

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