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17 septembre 2018 | International, Naval

Fincantieri, Leonardo, tussle over acquisition ahead of French tie-up

By:

ROME — Italy's two state-controlled defense champions, Leonardo and Fincantieri, have fought an unusual battle over the acquisition of a smaller company as they jockey for position ahead of their expected integration of naval work with French industry.

Shipyard Fincantieri thought it had sewn up the purchase of Italian firm Vitrociset in August, only for Leonardo to snatch it from under its nose on Sept. 7, leaving the Italian government to step in to mediate.

The tussle between two firms that both answer to the Italian state and closely cooperate on naval programs around the world is due to new rivalry as both edge toward teaming on naval programs with France's Naval Group.

The Italo-French deal is still being thrashed out, but may see a 10 percent share swap between Naval Group and Fincantieri and joint export campaigns to reduce the fractured nature of the European shipbuilding industry.

The deal automatically involves Leonardo since it provides electronics, guns and radars for Fincantieri's ships. But Leonardo CEO Alessandro Profumo has expressed concerns that regarding ships built or marketed jointly by Fincantieri and the French, his systems may be overlooked in favor of those produced by Thales, which is a shareholder in Naval Group.

Full article: https://www.defensenews.com/industry/2018/09/14/fincantieri-leonardo-tussle-over-acquisition-ahead-of-french-tie-up

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  • Most grounded C-130s OK’d to fly again

    13 août 2019 | International, Aérospatial

    Most grounded C-130s OK’d to fly again

    By: Stephen Losey The Air Force has inspected, and cleared to fly again, most of the 123 C-130 Hercules that were grounded last week due to concerns about potential cracking in a crucial wing joint. Air Mobility Command has returned 74 C-130s to service as of Aug. 9, AMC spokeswoman Alexandra Soika said on Monday. Just one of those grounded C-130s has been found to have a defect so far, she said. Soika said it is unclear how long the remaining 48 C-130s might take to be inspected, since the pace depends on each base's capacity. The inspections take about eight hours. “We are making tremendous progress,” Soika said. The Air Force temporarily grounded the aircraft after finding cracks in the lower center wing joint, or “rainbow fitting," of a C-130 during scheduled depot maintenance. The affected aircraft represented nearly a quarter of the 450 C-130H and C-130J aircraft in the fleet. AMC said that even though only one C-130 was originally found to have cracks, the potential risk of a wing becoming dislodged from the aircraft was so serious that the Air Force decided to inspect all planes that could be affected. Each of those 123 C-130s that were grounded have flown more than 15,000 hours, and have not received an “extended service life center wing box.” Repairing cracked rainbow fittings will take about one to two months to finish, depending on how busy a depot is, AMC said. https://www.airforcetimes.com/news/your-air-force/2019/08/12/most-grounded-c-130s-okd-to-fly-again/

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