Back to news

November 1, 2023 | International, Aerospace

Treaty on GCAP jet fighter project to be signed by end-2023, Italy says | Reuters

A treaty for the Global Combat Air Programme (GCAP) jet fighter programme will be signed in Tokyo by the end of the year, Italy's defence ministry said on Wednesday.

https://www.reuters.com/business/aerospace-defense/treaty-gcap-jet-fighter-project-be-signed-by-end-2023-italy-says-2023-11-01/

On the same subject

  • La Commission européenne propose une exonération de TVA sur les investissements groupés dans le domaine de la Défense

    May 20, 2022 | International, Aerospace, Naval, Land, C4ISR, Security

    La Commission européenne propose une exonération de TVA sur les investissements groupés dans le domaine de la Défense

    DÉFENSE La Commission européenne propose une exonération de TVA sur les investissements groupés dans le domaine de la Défense En 2021, les Etats européens consacraient 220 Md€ à leur Défense et promettent encore d'en augmenter les investissements. La Commission a remis en garde mercredi 18 mai contre des investissements sans coordination européenne, qui pourraient aboutir à un immense gaspillage. Quand tous les Etats respecteront la règle de l'OTAN des 2% du PIB investis dans la Défense, 67 Md€ supplémentaires seront investis chaque année par les Etats européens. Josep Borrell, le haut représentant aux affaires étrangères et à la sécurité, a souligné hier « Si les 27 augmentaient de façon homothétique leurs dépenses sur une base nationale, on aboutirait à un énorme gaspillage d'argent, sans aucun gain de sécurité, puisqu'on aurait toujours une structure militaire déformée comme aujourd'hui ». Le gaspillage serait d'autant plus grand que les membres de l'Union achètent à plus de 60% leur matériel militaire à l'étranger. « Le plus important, c'est comment investir », a déclaré la présidente de la Commission européenne, Ursula von der Leyen. La Commission propose une task force et un premier fonds d'urgence de 500 M€ pour inciter les Etats membres à de l'acquisition conjointe. Et cet automne, pour inciter les Etats membres à coordonner leurs investissements, elle proposera aux chefs d'Etat « une exonération totale de TVA pour les achats groupés de matériel militaire européen » a annoncé Ursula von der Leyen. Ces propositions avaient été demandées par les chefs d'Etat européens lors du sommet de Versailles de mars. Elles seront discutées fin mai, lors du Conseil européen. Le Figaro et Les Echos du 19 mai

  • US and China Dominated Arms Market in 2019: SIPRI Report

    December 8, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    US and China Dominated Arms Market in 2019: SIPRI Report

    China's heavy investments in the defense industry appears to be paying off with Beijing dominating the global arms market in 2019 while Russia is losing ground. Total sales by the top 25 rose by 8.5% to $361 billion, or 50 times the annual budget of the U.N.'s peacekeeping operations. The United States is still number 1, accounting for 61% of sales by the world's top 25 manufacturers last year, way ahead of China's 16%, a Stockholm International Peace Research Institute (SIPRI) report published Monday reveals. In 2019, the top five arms companies were all based in the U.S. - Lockheed Martin, Boeing, Northrop Grumman, Raytheon and General Dynamics. These five together registered $166 billion in annual arms sales. In total, 12 U.S. companies appear in the top 25 for 2019, accounting for 61% of the combined arms sales of the top 25. The largest absolute increase in arms revenue was registered by Lockheed Martin: $5.1 billion, equivalent to 11% in real terms. Chinese companies that made its way to the global top 25 are Aviation Industry Corporation of China (AVIC; ranked 6th), China Electronics Technology Group Corporation (CETC; ranked 8th), China North Industries Group Corporation (NORINCO; ranked 9th), and China South Industries Group Corporation (CSGC; ranked 24th). Their combined revenue grew by 4.8% between 2018 and 2019. “Chinese arms companies are benefiting from military modernization programmes for the People's Liberation Army,” SIPRI Senior Researcher Nan Tian said. The only two Russian companies in the list - S-400 missile system manufacturer Almaz-Antey in 15th spot and United Shipbuilding in 25th - accounted for 3.9% of 2019 arms sales. The revenues of the two firms both decreased between 2018 and 2019, by a combined total of $634 million. A third Russian company, United Aircraft, lost $1.3 billion in sales and dropped out of the top 25 in 2019. Alexandra Kuimova, Researcher at SIPRI, said: “Domestic competition and reduced government spending on fleet modernization were two of the main challenges for United Shipbuilding in 2019.” For the first time, a Middle Eastern firm appears in the top 25 ranking. EDGE, based in the United Arab Emirates (UAE), was created in 2019 from the merger of more than 25 smaller companies. It ranks at number 22 and accounted for 1.3% of total arms sales of the top 25. https://www.defenseworld.net/news/28477#.X8_0tdhKiUk

  • United Technologies awarded $762.5M for Air Force, Marine Corps F-35 engines

    November 25, 2019 | International, Aerospace

    United Technologies awarded $762.5M for Air Force, Marine Corps F-35 engines

    ByChristen McCurdy Nov. 22 (UPI) -- United Technologies has received a $762.5 million contract modification to deliver F135 propulsion systems for the Air Force and Marine Corps. The new deal, announced Thursday by the Department of Defense, funds Lot 14 production and delivery of 48 F135-PW-100 propulsion systems for the Air Force and 10 F135-PW-600 propulsion systems for the Marine Corps. The Pratt & Whitney F135 is a turbofan engine for the Lockheed Martin F-35 Lightning II, fifth generation single-engine stealth fighters used the Air Force, Marines and Navy plan to replace much of their fleets with in future years. In October, Lockheed finalized a $34 billion deal with the Pentagon to deliver 478 F-35 fighter planes in production Lots 12, 13 and 14 at a cost below $80 million each. It's the largest contract in military history, and the lowest per-plane cost for the F-35 series yet. That deal came after pressure from the Pentagon to lower the per-plane cost of the aircraft, which has also faced scrutiny for production and safety issues. The new contract funds production of 48 F135-PW-100 engines for the US Air Force. The F135-PW-100 powers the Air Force's F-35A aircraft. Per the October deal, the Pentagon's expected cost per plane for the F-35A in Lot 14 in $77.9 million. The deal also funds 10 F135-PW-600 engines for the Marine Corps' F-35B. Lot 14 production F-35Bs are projected to cost $101.3 million per plane. The Pentagon has obligated fiscal 2020 aircraft procurement funds in the amount of $762 million -- it covers $521.5 million in purchases for the Air Force and $240.9 in Marine Corps. The bulk of work will be performed in East Hartford, Connecticut, with some work taking place in Indianapolis and Bristol, England. https://www.upi.com/Defense-News/2019/11/22/United-Technologies-awarded-7625M-for-Air-Force-Marine-Corps-F-35-engines

All news