13 novembre 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
By: Andrew Chuter
LONDON – Defense and space industries are among nearly twenty sectors named by the British government in the introduction of new legislation Nov. 11 aimed at tightening regulations allowing it to block potentially hostile direct foreign investment.
The government said the National Security and Investment Bill will strengthen its ability to investigate and intervene in mergers, acquisitions and other types of deals potentially posing a threat to British national security.
Artificial intelligence, robotics, military or dual-use technologies, satellite and space technologies, defense and critical suppliers to the government were among 17 industry sectors included in the new legislation.
The new powers allow the government to act against investors from any country, including the United States.
“Under the National Security and Investment Bill, the government will be taking a targeted, proportionate approach to ensure it can scrutinize, impose conditions on or, as a last resort, block a deal in any sector where there is an unacceptable risk to national security,” said the Department for Business, Energy and Industrial strategy in a statement.
The acquisition of sensitive assets and intellectual property, as well as the acquisition of companies is covered by the legislation.
The government said the move brings British legislation into the 21st century.
Reporting of deals in the sectors covered by the legislation will be mandatory and companies could face heavy fines and the transactions made void if they fail to get approval from the Business department.
Britain's effort to shut the door on unwelcome investors like the Chinese is part of a growing trend among Western nations.
Earlier this year the United States introduced mandatory notification requirements for transactions concerning specified types of businesses as part of a broader program of reform.
The Australian government have also introduced legislation requiring foreign investors to seek approval to acquire a direct interest in sensitive national security businesses.
The powers pending before parliament are similar to those already in place with allies like France, Germany and Italy, said the government.
Paul Everitt , the chief executive of the defense, aerospace and security lobby group ADS, welcomed the move but said it was important the government didn't deter overseas investors.
“The government's plans must strike an appropriate balance between putting protections in place and continuing to ensure the UK remains an attractive environment for international investment,” said Everitt.
Consultant Howard Wheeldon, of Wheeldon Strategic Advisory, also supported the government action, but he cautioned: “Does it [the legislation] have sufficient teeth? We certainly need to protect our specialist industry but we must also ensure and expect the playing field to be kept level.”
1 mars 2023 | International, Aérospatial
Saudi and British defence ministers have agreed to study future co-operation on combat air capabilities and potential industrial projects, the Saudi state news agency reported.
3 décembre 2019 | International, Naval
By: David B. Larter WASHINGTON – The U.S. Navy on Monday awarded its largest-ever shipbuilding contract to General Dynamics Electric Boat for construction of nine Virginia-class attack submarines, eight of which will have 84-foot section that boosts the boat's strike missile capacity. The contract for the Block V Virginias, worth $22.2 billion, could grow by another $2 billion if the Navy exercises an option for a 10th boat. The contract is for two fewer boats than the 11 proposed by the fleet in this year's budget submission. “A lot of hard work across the whole team to structure the contract in such a was as to balance risk between the government and the shipbuilder,” said James Geurts, the Navy's top acquisition official, in a roundtable with members of the media to announce the contract signing. “If the shipbuilder delivers on target, the multi-year savings will be 16.5 percent, or $4.4 billion in savings. So, it's a pretty important day for us.” Guerts, the assistant Secretary of the Navy for research, acquisition and development, said that when you add government furnished equipment into the contract, the total swells to about $35 billion. The first boat in Block V, SSN 802, is currently under construction but does not have the Virginia Payload Module. The next boat, 803, will have VPM. All of the boats will have an upgraded acoustics suite. In the briefing, Navy officials said that six of the boats would be constructed at Electric Boat's partner yard, Huntington Ingalls Newport News, and three would be built at Electric Boat. The 10th boat would go to Electric Boat if the Navy exercised the option. The move to put most of the work in Newport News was done to balance the increased workload at Electric Boat with the start of the Columbia class, the next generation of ballistic missile submarines slated to begin construction this year. In a statement, Electric Boat President Kevin Graney said the contract provides stability for his shipyard. “This contract allows for our shipbuilding team, out suppliers and our employees to plan ahead so that we can continue to deliver submarines of unmatched quality, stealth and lethality,” Graney said. Dave Bolcar, Newport News' vice president of submarine construction, likewise hailed the contract as a means of stability in the submarine industrial base. "Today's contract maintains the Virginia-class build rate that provides continued stability to our workforce and to the 5,000 suppliers that will support submarines for the next decade,” he said. "This contract also continues the two per year construction cadence essential to sustaining production efficiencies, while ensuring our national security and the Navy's continued undersea superiority.” https://www.defensenews.com/naval/2019/12/02/navy-awards-largest-ever-shipbuilding-contract-to-electric-boat-for-new-attack-submarines
17 juin 2020 | International, Aérospatial, C4ISR
Arlington, Va., June 15, 2020 /PRNewswire/ -- Raytheon Intelligence and Space, a Raytheon Technologies business (NYSE: RTX), was awarded a multiple award IDIQ to participate in the Air Force's development of the Advanced Battle Management System, a future command and control network that will connect military platforms across the globe, giving military commanders the ability to make decisions faster. Under a multiple award, IDIQ contract valued up to $950 million over the next five years with options beyond, RI&S will participate in the support of the maturation, demonstration and proliferation of capability across platforms and domains to enable Joint All Domain Command and Control (JADC2). "ABMS will transform the future battlespace for the U.S. Air Force by delivering the right data at the right time to the right people so they can make the right decisions fast," said Barbara Borgonovi, vice president of Intelligence, Surveillance and Reconnaissance Systems, at Raytheon Intelligence & Space. "This is the first step to delivering the Air Force's vision of JADC2, which will link capabilities across all domains – air, land, sea, cyber and space." To support this effort, RI&S has the opportunity to contribute open systems design, modern software and algorithm development for the future system. Under the terms of the multiple award contract, the Air Force will run competitions under each category that will be issued as task and delivery orders. RI&S will be supported by Raytheon Missiles & Defense. About Raytheon Intelligence & Space Raytheon Intelligence & Space delivers the disruptive technologies our customers need to succeed in any domain, against any challenge. A developer of advanced sensors, training, and cyber and software solutions, Raytheon Intelligence & Space provides a decisive advantage to civil, military and commercial customers in more than 40 countries around the world. Headquartered in Arlington, Virginia, the business generated $15 billion in pro forma annual revenue in 2019 and has 39,000 employees worldwide. Raytheon Intelligence & Space is one of four businesses that form Raytheon Technologies Corporation. About Raytheon Technologies Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises four industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Its 195,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts. Media Contact Tamar Brill +1 520. 269.5697 Tamar.Brill@rtx.com SOURCE Raytheon Technologies View source version on Raytheon Company,: https://raytheon.mediaroom.com/2020-06-15-Raytheon-Intelligence-Space-selected-to-participate-in-development-of-the-Advanced-Battle-Management-System