5 octobre 2023 | International, Naval
General Dynamics Electric Boat Awarded $967 Million Contract Modification for Virginia-Class Submarines
The cost-plus-fixed fee modification to a previously awarded contract totals $967,185,528.
31 janvier 2019 | International, Naval
By: Ben Werner
General Dynamics Corp. plans to invest $1 billion in 2019 in upgrading and retooling its manufacturing operations company-wide, with a focus on its growing submarine construction business.
A plurality of this year's capital expenditures – the reinvestment in manufacturing operations, commonly referred to as CapEx – will focus on making improvements to General Dynamics Electric Boat, the maker of the Virginia-class attack submarines and the new Columbia-class ballistic-missile submarines.
“We are poised to support our Navy customers and increase the size of the fleet,” Phebe Novakovic, the chief executive of General Dynamics, said during a conference call with analysts today to discuss the company's 2018 financial results and detail financial expectations for 2019.
Submarine builder Electric Boat is on pace to build two Virginia-class Block IV submarines a year while preparing to start building the first Block V submarines. At the same time, Electric Boat is preparing for construction of the first Columbia-class submarine to begin in early 2020.
“CapEx will be 3 percent of sales in 2019 mostly because of the Columbia-class construction,” Jason Aiken, the chief financial officer of General Dynamics, said during the call.
In 2018, General Dynamics reported sales of $36.2 billion, and the company predicts sales to increase in 2019.
General Dynamics capital investments will remain at a similar level for the next two to three years, Aiken said. After 2022, once Columbia-production is ramped up, the level of capital spending is expected to taper off, he added.
Overall, the company's Marine Systems division, which includes the Electric Boat, Bath Iron Works and NASSCO shipyards, recorded robust sales growth during the year, and Novakovic said the sales growth is expected to continue in 2019. The Pentagon and Capitol Hill are sending signals that Novakovic said she takes to mean, “we'll see nice defense spending for our programs.”
General Dynamics predicts the Marine Systems division will post 2019 sales of $9 billion, a 6-percent increase over sales in 2018.
The Marine Systems group has a backlog of 11 Arleigh Burke-class guided-missile destroyers; started construction on the future USNS John Lewis (T-AO-205), a first-in-class oiler for the Navy; and continued building Expeditionary Sea Base ships.
“They have done nicely with slow, steady growth, but the real growth driver is Electric Boat,” Novakovic said.
 
					5 octobre 2023 | International, Naval
The cost-plus-fixed fee modification to a previously awarded contract totals $967,185,528.
 
					1 février 2021 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
By: Alexander Bratersky MOSCOW — Rostec announced this week it has begun developing the MiG-41, a fifth-generation fighter jet set to replace Russia's MiG-31 jets currently in service. However, amid a number of other ongoing military aerospace projects, experts are questioning whether industry has the resources to produce the aircraft by its deadline of 2030. The MiG-31 fleet entered service in 1980 under the Soviet Armed Forces and was upgraded in 1990 to become the MiG-31BM. The MiG-41, originally developed by Rostec subsidiary United Aircraft Corporation, has long been expected to replace the aging jets. Work on the new aircraft started in 2010 with UAC's Mikoyan design bureau and Sokol aviation production plant, based in Nizhny Novgorod, about six hours' drive from Moscow. According to Russian news reports, the MiG-41 will be equipped with stealth technology, reach a speed of Mach 4-4.3, carry anti-satellite missiles, and be able to perform tasks in Arctic and near-space environments. If it enters service, the MiG-41 will be the country's second fifth-generation fighter after the Su-57, which was developed by UAC subsidiary Sukhoi Company and had its first flight test in 2010. The Su-57 crashed during a flight test in December 2019. The pilot has survived, leaving the plane on the catapult chair. Defense officials told the Vedomosti newspaper at that time that technical mishaps in the control system might have caused the accident. A governmental commission was founded to investigate the accident, but no public report was realized. That same year, the Russian military bought 76 Su-57 planes. The cost of a single Su-57 might be about 3 billion roubles (U.S. $40 million), Izvestia reported that year, citing defense sources. The plane is equipped with the AL-41F1 engine, which is also used on the Su-35 jet. However, the local Lyulka Design Bureau is currently developing a new engine for the Su-57. According to Ruslan Pukhov, the director of the Centre for Analysis of Strategies and Technologies, the primary focus of Russia's defense industry is to develop that engine. That main effort takes away much-needed resources for the new plane, he explained. A London-based analyst echoed Pukhov's concerns, expressing skepticism that Russia “will be able to develop, manufacture and introduce into service [the jet] in anything like the purported time frame.” Douglas Barrie, who focuses military aerospace for the International Institute for Strategic Studies, said Russia's aerospace sector is already committed to numerous projects, including further developing the Su-75, upgrading the Su-34, and modernizing various bombers such as the Tu-160 Blackjack, Tu-22M Backfire and Tu-95. “Some would argue that the sector has already more than enough to try to manage without the additional or a project potentially as complex as a new heavy interceptor, or indeed whether there would be realistic levels of funding for a program,” he said. Defense News contacted the Russian Aircraft Corporation, a subsidiary of UAC involved in the MiG-41 project, but the firm declined to comment on the jet's development. For his part, Pukhov thinks the government should ditch its costly projects and instead appropriate funds to develop drones. “This is the sphere where Russia is still behind,” he said. He added that both China and India will likely want to cooperate on the MiG-41. The latter left a joint project to develop a fifth-generation fighter aircraft based on the Su-57 in 2018. But Barrie questioned the export potential of the MiG-41, saying the number of similar jets being built elsewhere is rapidly growing. “Even if such an aircraft were eventually to be developed, it would — were it to meet the same role as the MiG-31BM Foxhound C — have a very limited export appeal.” https://www.defensenews.com/air/2021/01/29/is-russias-defense-industry-too-busy-to-take-on-another-fighter-jet-project
 
					5 juillet 2019 | International, Autre défense
On 6 June 2019, Rheinmetall AG and Defence Equipment and Support, the UK's defence procurement agency, signed a new framework agreement to enable the repeat procurement of infantry ammunition. The framework agreement will represent the default source of supply for specific impact rounds, ammunitions and grenades in the next 5-7 years and has an estimated throughput of up to €100 million (£90m). Rheinmetall continues to expand its role as a major supplier of ammunition. Only a few days ago, the Dutch armed forces also renewed a partnership agreement for the supply of ammunition with the Düsseldorf-based specialist for security and mobility technology, which runs through to the end of 2030. The contract, which has now been renewed with the British procurement authorities, establishes Rheinmetall as the preferred supplier of 25 infantry ammunition products produced by four manufacturing locations in Germany and Switzerland. Simon Valencia, Sales Director Rheinmetall Weapon and Munitions UK commented “we are delighted to be able to renew our long standing supply agreement with the UK MoD and provide the British Armed Forces with high quality, reliable, products that have been proven both operationally and in training for the last fifteen years. This new contract provides the UK MoD with value for money and continued confidence in re-supply of assured munitions products. The UK MoD is a key strategic partner for Rheinmetall and this new contract supports Rheinmetall's continued growth into the UK Defence Market”. Defence Equipment and Support (DE&S) is currently is the process of negotiating a portfolio of framework agreements with defence suppliers to enable repeat procurement of in-service munitions. The contract with Rheinmetall Defence is the first contract DE&S has agreed with the munitions industry on framework terms and marks a positive step change in the way UK MoD engages with industry. https://www.rheinmetall-defence.com/en/rheinmetall_defence/public_relations/news/latest_news/index_20864.php