21 octobre 2021 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
10 juillet 2024 | International, Sécurité
New ransomware group EstateRansomware exploits Veeam software vulnerability, uses dormant VPN accounts for initial access, and deploys persistent back
7 avril 2020 | International, Aérospatial
Alex Derber If the ongoing corona-crisis does effect a structural shift in the air transport market, both the production and aftermarket sectors will have to adjust. Much has been made of aviation's ability to weather previous external shocks such as 9/11, SARS and the financial crash, but the present upheaval is likely to outdo all others in its severity, and there is a good chance we won't see demand bounce back as quickly as in the past. In fact, the best comparison may not be with other external shocks at all, but rather with the profound impact that low-cost carriers (LCCs) had upon the established airline sector. Granted, this occurred region by region on a rolling basis over many years, rather than as a discrete global event like coronavirus, but the demand hit to full-service short- and medium-haul operations was huge. The LCCs also prompted significant changes in the MRO market, including: a move away from letter checks to more flexible maintenance programs; a rise in outsourcing and full-service maintenance contracts; and consolidation as larger MRO providers sought to enhance their nose-to-tail capabilities. So, what further changes might be wrought by the present crisis? Much will depend on the extent of the disruption and the demand profile thereafter, but certain tentative predictions can be made. For example: many airlines will probably fail; the survivors will emerge as smaller operations; many older aircraft will retire earlier; and business travel may never recover its pre-crisis highs. For the aftermarket this may mean: more competition for contracts and a need to find greater cost efficiencies; a greater focus on new-technology inspection, testing and repair capabilities, such as for carbon fiber and the latest engines; and a trend towards simpler cabins. Also a fair bet, of course, is that the most significant ramifications of coronavirus for the aftermarket are ones that almost no-one is considering currently. For an in-depth look at the factors that have shaped the MRO market to this point, see the next Inside MRO. https://aviationweek.com/mro/how-will-coronavirus-change-aftermarket
6 avril 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
By: Jill Aitoro WASHINGTON — Less than a year after announcing plans to combine into a $121 billion company, Raytheon and United Technologies are officially no more — replaced by the combined entity Raytheon Technologies Corp., which kicked off trading Friday on the New York Stock Exchange. Listed under the ticker RTX, Raytheon Technologies began selling at $51 a share. With more than 866 million shares outstanding and a market cap of $74.5 billion, that price is bound to shift in the coming days, weeks and months. To put it in perspective, Raytheon closed Thursday at $122.43 a share, and UTC closed at $91.37 a share. With the merger, UTC shareholders owned 57 percent of Raytheon Technologies, and UTC will control eight of the 15 board seats. Tom Kennedy will serve as executive chairman, Greg Hayes as CEO and Toby O'Brien as chief financial officer. Planned divestitures will be completed post merger, though United Technologies did complete the spinoff of HVAC, refrigeration, fire and security solutions company Carrier Global Corp., as well as elevator and escalator manufacturer Otis Worldwide Corp. Both are now trading on the S&P 500. Amid the stock market fallout from the new coronavirus pandemic, Raytheon saw a bigger drop than most pure-play companies, likely due to the increased exposure to the commercial market that came with the merger. However, that could be short-lived, said Byron Callan of Capital Alpha Partners. “Raytheon has been the worst-performing stock [during the crisis] because they got tied into commercial aerospace through the merger," he told Defense News in an interview. “But going forward, that may be the most interesting [stock] of all because there will be a degree of balance.” https://www.defensenews.com/industry/2020/04/03/raytheon-technologies-corp-begins-trading-on-nyse/