15 novembre 2021 | International, Aérospatial
Emirati conglomerate Edge Group has unveiled a series of vertical-takeoff-and-landing drones as well as a precision-guided munition system.
30 juillet 2021 | International, Aérospatial
With the contract signed between the government and BAE Systems — one of the four founding members of Team Tempest — the Future Combat Air System program has entered its concept and assessment phase.
27 mars 2020 | International, Aérospatial
March 26, 2020 - Saab has performed the first metal cut for the two-seater fighter aircraft Gripen F, marking an important milestone in the programme. Gripen F is under development for the Brazilian Air Force (FAB) and shares the same advanced design and features as Gripen E, but with seat, displays and controls for a second crew member. Gripen F has both a training mode for tuition of one crew member and a mode whereby the two crew members can share the workload with different display settings. The first part was manufactured recently at Saab's facilities in Linköping and is for the air duct section, just behind the cockpit of the aircraft. “This milestone is important for the Gripen project because it demonstrates that the development phase is proceeding properly. This signals the beginning of the production of the two-seater aircraft, Gripen F, which is much anticipated by the Brazilian Air Force,” says Colonel Renato Leite, head of the Monitoring and Control Group (GAC-Saab) at the Brazilian Air Force. The joint industrial programme on Gripen F is between Saab and the Brazilian partner companies Embraer, AEL Sistemas, Akaer and Atech. Currently, approximately 400 engineers are working with the development of Gripen F, mainly at Gripen Design and Development Network (GDDN) at the Embraer plant in Gavião Peixoto, São Paulo State, Brazil. Manufacturing will take place both in Sweden and in Brazil. “Very effective teamwork among many dedicated people, both in Sweden and in Brazil, paved the way for this milestone on this new version of Gripen. These kind of milestones are special moments due to their rarity and that feels great,” says Jonas Hjelm, head of Saab business area Aeronautics. Brazil has ordered 28 Gripen E fighters that will be delivered to Brazil starting from 2021 and eight Gripen F fighters, starting from 2023. Gripen F is also being offered by Saab to Finland for their fighter replacement programme. Please click here to watch a short video about the first metal cut. For further information, please contact: Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com www.saabgroup.com www.saabgroup.com/YouTube Follow us on twitter: @saab View source version on Saab: https://saabgroup.com/media/news-press/news/2020-03/gripen-f-fighter-production-under-way/
21 décembre 2020 | International, Aérospatial
By Will Wade and Max Zimmerman Lockheed Martin Corp. agreed to acquire the defense industry supplier Aerojet Rocketdyne Holdings Inc. in a deal valued at $4.4 billion. As part of the transaction, Aerojet declared a $5 per share special dividend, to be paid on March 24, to holders of record as of March 10. The payment of that special dividend will adjust the $56 per share consideration to be paid by Lockheed Martin, according to a statement Sunday. The shares surged in pre-market New York trading on Monday. At $51, Lockheed will be buying Aerojet at a 21% premium from the closing price on Friday. Chief Executive Officer Jim Taiclet, who stepped into the top job this year, has said he was keen to expand the world's largest defense contractor through acquisitions. With Aerojet, he's picking up a key U.S. supplier of propulsion systems for missiles, rockets and other space and defense applications. “Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defense industrial base,” Taiclet said in the statement. Lockheed has been scouting for deals. In January, the company said it was flush with cash and open to deals as rival Raytheon Co. prepared to combine with United Technologies Corp. to create an aerospace-and-defense powerhouse. Lockheed has been seeking opportunities to “bring in the technologies faster into the company that we think are going to be crucial for the future,” Taiclet said during its October earnings call. “So we plan to be active, but we also plan to be very, very prudent.” The Aerojet transaction is expected to close in the second half of 2021 after getting regulatory approvals and a nod from Aerojet's shareholders. Aerojet advanced to $54.44 Monday before markets opened in New York. That's up 29% from Friday's close, which gave the El Segundo, California-based company a market value of $3.25 billion. Lockheed was little changed from its Friday close, which valued the buyer at about $100 billion. At the end of last week, Aerojet's stock was trading at 25 times expected earnings, compared with 16 times for Lockheed. Aerojet's shares have fallen 7.9% this year and Lockheed dropped 8.6%, both underperforming the S&P 500 Index, which climbed 15%. Lockheed's space division is its third-largest business, contributing 18% of its 2019 revenue. The company competes with Elon Musk's SpaceX for U.S. government rocket launches through the United Launch Alliance, its joint venture with Boeing Co. Lockheed was advised by Goldman Sachs, Ardea Partners and Hogan Lovells, while Citigroup and Evercore, as well as Jenner & Block and Gibson, Dunn & Crutcher represented Aerojet. https://www.bloomberg.com/news/articles/2020-12-21/lockheed-martin-to-buy-defense-supplier-aerojet-for-4-4-billion