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October 29, 2023 | International, Land

Ukraine war orders starting to boost revenues for big US defense contractors | Reuters

The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues, as customers such as the U.S. government restock supplies shipped to Ukraine and countries around Europe arm themselves with an eye on Moscow's aggressions.

https://www.reuters.com/business/aerospace-defense/ukraine-war-orders-starting-boost-revenues-big-us-defense-contractors-2023-10-27/

On the same subject

  • Babcock Team 31 selected as preferred bidder for UK Type 31 frigate programme

    September 13, 2019 | International, Naval

    Babcock Team 31 selected as preferred bidder for UK Type 31 frigate programme

    September 12, 2019 - Babcock Team 31 has been selected by the UK Ministry of Defence (MOD) as the preferred bidder to deliver its new warships. Led by Babcock, the Aerospace and Defence company, and in partnership with the Thales Group, the T31 general purpose frigate programme will provide the UK Government with a fleet of five ships, at an average production cost of £250 million per ship. Following a comprehensive competitive process, Arrowhead 140, a capable, adaptable and technology-enabled global frigate will be the UK Royal Navy's newest class of warships, with the first ship scheduled for launch in 2023. At its height the programme will maximise a workforce of around 1250 highly- skilled roles in multiple locations throughout the UK, with around 150 new technical apprenticeships likely to be developed. The work is expected to support an additional 1250 roles within the wider UK supply chain. With Babcock's Rosyth facility as the central integration site, the solution provides value for money and squarely supports the principles of the National Shipbuilding Strategy. It builds on the knowledge and expertise developed during the Queen Elizabeth aircraft carrier modular build programme. The announcement follows a competitive design phase where Babcock Team 31 was chosen alongside two other consortia to respond to the UK MOD's requirements. Work on the fleet of five ships will begin immediately following formal contract award later this financial year, with detailed design work to start now and manufacture commencing in 2021 and concluding in 2027. Archie Bethel, CEO Babcock said: “It has been a tough competition and we are absolutely delighted that Arrowhead 140 has been recognised as offering the best design, build and delivery solution for the UK's Royal Navy Type 31 frigates. “Driven by innovation and backed by experience and heritage, Arrowhead 140 is a modern warship that will meet the maritime threats of today and tomorrow, with British ingenuity and engineering at its core. It provides a flexible, adaptable platform that delivers value for money and supports the UK's National Shipbuilding Strategy.” Arrowhead 140 will offer the Royal Navy a new class of ship with a proven ability to deliver a range of peacekeeping, humanitarian and warfighting capabilities whilst offering communities and supply chains throughout the UK a wide range of economic and employment opportunities. A key element of the Type31 programme is to supply a design with the potential to secure a range of export orders thereby supporting the UK economy and UK jobs. Arrowhead 140 will offer export customers an unrivalled blend of price, capability and flexibility backed by the Royal Navy's world-class experience and Babcock looks forward to working closely with DIT and MOD in this regard. Arrowhead 140 is a multi-role frigate equipping today's mariner with real-time data to support immediate and complex decision-making. The frigate is engineered to minimise through-life costs whilst delivering a truly leading-edge ship, featuring an established, proven and exportable combat management system provided by Thales. Victor Chavez, Chief Executive of Thales in the UK said: “Thales is delighted to be part of the successful Team 31 working with Babcock and has been at the forefront of innovation with the Royal Navy for over 100 years. “With the announcement today that Arrowhead 140 has been selected as the preferred bidder for the new Type 31e frigate, the Royal Navy will join the global community of 26 navies utilising the Thales Tacticos combat management system. Thales already provides the eyes and ears of the Royal Navy and will now provide the digital heart of the UK's next generation frigates.” Babcock will now enter a period of detailed discussions with the MOD and supply chain prior to formal contract award expected later this year. View source version on Babcock: https://www.babcockinternational.com/news/babcock-team-31-selected-as-preferred-bidder-for-uk-type-31-frigate-programme/ https://www.epicos.com/article/481187/babcock-team-31-selected-preferred-bidder-uk-type-31-frigate-programme

  • U.S. Army Awards AM General $51.3 Million Contract For High Mobility Multipurpose Wheeled Vehicles

    September 28, 2018 | International, Land

    U.S. Army Awards AM General $51.3 Million Contract For High Mobility Multipurpose Wheeled Vehicles

    SOUTH BEND, Ind., September 26, 2018 – Global vehicle solutions provider, AM General, has been awarded a $51.3 million contract to recapitalize High Mobility Multipurpose Wheeled Vehicles (HMMWV) for the U.S. Army. The company will utilize its longstanding and proven Public Private Partnership (PPP) program with the Red River Army Depot (RRAD) to deliver mission-capable, like-new M1152 and M1165 HMMWV variants. “We recognize the value of a modernized vehicle fleet for the U.S. Army and this contract award is a testament to our commitment for continued innovation and vehicle system improvements to ensure mission readiness for our service men and women,” said Chris Vanslager, AM General Executive Vice President – U.S. Defense. “The HMMWV platform is incredibly nimble and adaptable; over the life of the program, it has received a multitude of improvements.” The current program will recapitalize existing U.S. National Guard assets. Selected vehicles will be disassembled at RRAD, go through a rigorous initial inspection, and modified in accordance with the recapitalization requirements. The recapitalized vehicle bodies will then ship to AM General's Mishawaka Manufacturing Campus, where they will be mated to a new production rolling chassis. The resulting product is a modernized HMMWV with automotive improvements including substantial increase in overall vehicle reliability, improved steering geometry for maneuverability, and increased-capacity 4L85E transmission, improved front mounted HVAC system, addition of Antilock Braking System and Electronic Stability Control, and an improved powertrain cooling system. About AM General AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers worldwide. Through its military business, the company is widely recognized as the world leader in design, engineering, manufacturing and logistics support of Tactical Vehicles, having produced and sustained over 300,000 vehicles in over 70 countries. Through its heritage companies, AM General has over 100 years of experience meeting the changing needs of the defense and automotive industries, supported by its employees at major facilities in Indiana, Michigan, and Ohio, and a strong supplier base that stretches across 43 states. http://www.amgeneral.com/news-events/news/u-s-army-awards-am-general-51-3-million-contract-for-high-mobility-multipurpose-wheeled-vehicles/

  • Elbit America to produce integrated headborne sensor system prototype for U.S Army

    January 11, 2024 | International, Land, C4ISR

    Elbit America to produce integrated headborne sensor system prototype for U.S Army

    The system fuses a myriad of sensors into a lightweight Head Up Display that provides unprecedented situational awareness. Elbit America’s prototype evolves through three prototype development phases during a 72-month...

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