March 3, 2021 | International, Aerospace
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August 20, 2023 | International, Aerospace
The proposed stock transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of c.$750m making the underlying economic consideration...
November 13, 2019 | International, Aerospace
CLEMENT CHARPENTREAU The Bundeswehr, the German military, announced it would not accept deliveries of two A400M Atlas transport aircraft due to recurring technical problems. While defining the aircraft as the “backbone” of its air transport capabilities, the Bundeswehr is concerned about recurring technical problems affecting its fleet. “During routine inspections of the mounting nuts on the propellers of the A400M already in flight, it was found that not all 24 nuts per propeller have the intended tightening torque,” revealed the Luftwaffe, the German air force, in a statement. Increased inspections of the engine mounts, combustion chambers, and engine flap, as well as crack testing on several points, are also required and reduce the readiness of the A400M fleet. In addition to technical deficiencies, the two latest aircraft that were about to be delivered did not meet the “contractually guaranteed properties”, leading to the refusal. So far, the Bundeswehr has received 31 of the 53 A400M it ordered. In total, 174 A400M airlifters were ordered, with 84 already in service. Outside of the partner countries of the program, namely Belgium, France, Germany, Luxembourg, Spain, and Turkey that total 170 orders, the remaining four were acquired by Malaysia. AeroTime has reached out to Airbus for comment but did not receive an answer at the time this article was published. The A400M is a military transport aircraft designed by Airbus Defence and Space. It entered service in 2013, and is offered as a successor for older transporters such as the C-130 Hercules or the C-160 Transall. It recently achieved the certification flight test for the highly awaited simultaneous dispatch of paratroopers from both side doors. The feature had been delayed by the design shortcomings of static lines. https://www.aerotime.aero/clement.charpentreau/24189-german-military-refuses-new-a400m-deliveries-over-safety-concerns
November 4, 2019 | International, Other Defence
October 31, 2019 - Arlington, Va. - (BUSINESS WIRE) - CACI International Inc (NYSE: CACI) announced today that it has been awarded a five-year task order, with a ceiling value of nearly $907 million for new and continuing work, on a U.S. Army Intelligence and Security Command Global Intelligence Support Service contract task order to protect U.S. forces in Afghanistan by providing intelligence operations and analytic support. Under the task order, CACI intelligence and counterintelligence experts will continue to provide mission expertise in intelligence operations and analytic support from locations both within the United States and abroad to support U.S. operations in Afghanistan. CACI analysts will use industry-leading tools to more accurately and efficiently analyze intelligence for U.S. Forces – Afghanistan/Resolute Support (USFOR-A/RS), including potential insider threats. U.S. forces are part of the NATO-led coalition carrying out the Resolute Support Mission. John Mengucci, CACI President and Chief Executive Officer, said, “CACI intelligence experts are prepared to use the most advanced intelligence analytical techniques and systems to protect our servicemembers and assets under the Resolute Support Mission.” CACI Executive Chairman and Chairman of the Board Dr. J.P. (Jack) London, said, “Our country continues to face asymmetric threats originating from around the globe, and CACI is proud to provide the intelligence support U.S. forces need to defeat those threats.” CACI's 22,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers' greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com. There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2019, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof. CACI-Contract Award View source version on businesswire.com: https://www.businesswire.com/news/home/20191031005610/en/ Corporate Communications and Media: Jody Brown, Executive Vice President, Public Relations (703) 841-7801, jbrown@caci.com Investor Relations: Daniel Leckburg, Senior Vice President, Investor Relations (703) 841-7666, dleckburg@caci.com Source: CACI International Inc View source version on CACI International Inc: http://investor.caci.com/file/Index?KeyFile=400747178
