Continuing resolution would slow military modernization, services warn

Sur le même sujet

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  29 octobre 2020 | International, Sécurité, Autre défense

  Will COVID-Stressed Countries Slow Their Arms Buys?

  State Department's political-military leader sees mixed signals from abroad. Marcus Weisgerber The coronavirus pandemic might prompt U.S. allies to restructure arms deals for American-made weapons, a top State Department official. But R. Clarke Cooper, assistant secretary of state for political-military affairs, said there is still an appetite for U.S. weapons overseas — especially F-16 fighter jets and Patriot missile batteries. “If we're looking at long-term modernization plans across the board, we're seeing what I would say is [a] steady state in that place,” Cooper said Wednesday during a virtual Defense Writers Group meeting. Since April, the State Department has approved more than four dozen foreign arms deals with a potential total value of more than $91 billion. But just because the sales were approved doesn't mean they'll come to fruition. In some cases, U.S. companies are competing against one another and/or overseas firms for contracts. “On big-ticket modernization, while some states...may have looked to re-frame or push right to a later date particular procurements, we've not seen dramatic changes in their planning,” he said. “What it may mean is how they sequence certain procurements.” Germany last month canceled a multibillion- dollar helicopter competition between Boeing and Lockheed Martin, calling the project too expensive. At the same time, Switzerland recently moved forward with a competition to replace its F/A-18 Hornets. But economic pressures could prompt some countries to adjust payments schedules, Cooper said. “Based on their national budgets, [countries] might seek some sort of dependable undertaking,” he said. “Some states might seek foreign military financing or grant assistance.” By the way, Cooper added, the economic downturns could result in more NATO allies meeting the alliance's goal of members spending 2 percent of their gross domestic product on defense. “Bizarrely, we may have some states where their numbers look like they've had an increase [in defense spending] because they've had a drop in GDP,” he said. https://www.defenseone.com/business/2020/10/will-covid-stressed-countries-slow-their-arms-buys/169642/

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  3 juin 2021 | International, Terrestre

  SKorea’s Hanwha pitches K9 howitzer for British mobile fires program

  But the K9 is one of several contenders to replace the British Army’s aging AS90 howitzer, which has been around for about 30 years.

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  11 mars 2020 | International, Aérospatial

  Elbit Systems U.S. Subsidiary Awarded a Contract by the U.S. Air Force to Supply Missile Warning Systems

  Haifa, Israel, March 9, 2020 /PRNewswire/ - Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that the U.S. Air Force (USAF) has awarded its subsidiary, Elbit Systems of America LLC. ("Elbit Systems of America"), a firm-fixed-price contract with a ceiling of approximately $471 million over a 10-year period, to equip F-16 aircraft of the U.S. Air National Guard and Air Force Reserve Command, with pylon-based infrared missile warning systems. The contract includes an initial order valued at approximately $17 million. The work will be performed in Fort Worth, Texas. About Elbit Systems Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels. This press release may contain forward?looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward?looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward?looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward?looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. Contacts: Company Contact: Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 j.gaspar@elbitsystems.com Rami Myerson, Director, Investor Relations Tel: +972-77-2948984 rami.myerson@elbitsystems.com David Vaaknin, VP, Head of Corporate Communications Tel: +972-77-2946691 david.vaaknin@elbitsystems.com IR Contact: Ehud Helft Gavriel Frohwein GK Investor Relations Tel: +1-646-688-3559 elbitsystems@gkir.com View original content:http://www.prnewswire.com/news-releases/elbit-systems-us-subsidiary-awarded-a-contract-by-the-us-air-force-to-supply-missile-warning-systems-301019529.html