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  17 février 2021 | International, Aérospatial

  Czech aircraft maker boosts Asian presence with Vietnam jet trainer deal

  By: Jaroslaw Adamowski and Mike Yeo WARSAW, Poland, and MELBOURNE, Australia — Securing the first Asian customer for its latest product, Czech aircraft maker Aero Vodochody has signed a contract to sell 12 L-39NG jet trainers to Vietnam's Ministry of National Defence. Deliveries are scheduled for the years 2023 to 2024, and Czech arms exporter Omnipol is acting as an intermediary for the deal. “We are proud to announce this crucial and strategic cooperation which is an important milestone for the L-39NG project,” Jiří Podpěra, the president of Omnipol, was quoted as saying in a statement. The value of the deal, which includes training, spare components and related logistics support, was not disclosed. The sale includes a range of related services such as pilot and instructor training, spares, as well as ground and logistical support equipment, the company said. The Czech Ministry of Defence certified the jet trainer last September, paving the way for the L-39NG's exports. The move followed about 300 test flights on two flying prototypes and ground tests on two static prototypes, according to the producer. Since then, Aero Vodochody has managed to secure a contract to deliver four such aircraft in a light-attack variant to Senegal's Air Force. Omnipol is a minority shareholder in Aero Vodochody, with a 49 percent stake. Hungarian businessman Andras Tombor holds the remaining 51 percent of the shares. The L-39NG is a modernized version of the L-39 trainer that was originally introduced into service in 1970. The new aircraft features a host of improvements over the original design, with a modern glass cockpit, improved avionics and the FJ44 turbofan engine by U.S. manufacturer Williams International. The Vietnam People's Air Force or VPAF currently operates older versions of the L-39, with an estimated two dozen aircraft still in service. The announcement that Vietnam will acquire the L-39NG comes after the country ordered a similar number of Yak-130 jet trainers from Russia in early 2020. A news segment on Russian state TV from January showed a Yak-130 for Vietnam on the production floor of the Irkutsk Aviation Plant, which produces the jets. It is likely that the VPAF will operate the L-39NG as a basic jet trainer, with the higher-performance Yak-130 acting as an advanced jet or lead-in fighter trainer. Vietnam is one of six countries claiming ownership of the disputed Spratly and Paracel islands in the South China Sea, and has been one of the most vocal in pushing back against fellow claimant China's increasingly assertive military activities in the area. The Vietnamese military still operates primarily Russian equipment, but has in recent years acquired transport aircraft from European manufacturer Airbus and taken delivery of surplus ships from the South Korean navy and U.S. Coast Guard. An arms embargo on the country imposed by the United States following the end of the Vietnam War was lifted in 2016, and U.S. Navy ships, including aircraft carriers, have made port visits to Vietnamese ports in recent years. https://www.defensenews.com/global/europe/2021/02/16/czech-aircraft-maker-boosts-asian-presence-with-vietnam-jet-trainer-deal/

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  12 mai 2021 | International, Terrestre

  BMC in talks to sell Turkish shares to local steelmaker

  BMC, a joint Turkish-Qatari venture that manufactures armored vehicles and tanks, is in the late stage of negotiations to sell a majority stake of Turkish shares to a Turkish steel producer, sources told Defense News.

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  13 août 2019 | International, Aérospatial

  Could Textron Become Purer A&D Company, Or Be Sold?

  By Michael Bruno As a multi-industrial manufacturer, Textron sells many transportation vehicles, from military helicopters to UAVs and even snowmobiles and recreational four-wheelers. But a new corporate review may indicate the conglomerate could be looking to become an aerospace and defense (A&D)-focused company similar to other large rivals, according to analysts. Earlier this month, Textron announced it is reviewing strategic alternatives such as a sale or spin-off of its German Kautex business unit, which produces fuel systems and other functional components. Kautex operates more than 30 plants in 14 countries and generated more than $2.3 billion in revenue in 2018. “Kautex strategic review suggests Textron wants to become an A&D ‘pure-play,'” Cowen analysts Cai von Rumohr and his team said Aug. 9. “The thesis is that ‘new Textron' could command a higher [valuation] multiple closer to A&D pure-plays; and it would have optionality for merger and acquisition (M&A) or stock repurchasing to leverage its new product-driven growth.” The Cowen analysts said they think that if Kautex is disposed of, so could golf cart maker Textron Specialized Vehicles or other units in Textron's Industrial division. In turn, the company could use proceeds and money saved to bolt on smaller A&D businesses, or it could continue active share repurchases to lever benefits of expected growth from new products such as Longitude, Sky Courier, Denali and V-280. “A third possibility is that free of Industrial, Textron could be of interest to larger primes, who would bring more lobbying clout to V-280,” the analysts said. Buying candidates could be Boeing or General Dynamics, they added. Separately, a well-known adviser to the A&D industry recently told Aerospace DAILY that Textron would make a good acquisition target for other A&D players. “Over the years I've had my clients take a hard look at that one,” the consultant said. This person listed Boeing and Lockheed for possible top-level consolidation, although getting Pentagon and Trump administration approval could be more of a challenge than for other recent M&A deals. To be sure, Textron is already an aerospace-focused multi-industrial. According to Cowen, it is the leader in Class 1-5 business jets (which make up 24% of annual total revenue), with positions in helicopters via Bell (26%), defense systems (12%), and then industrial products (25%). Defense as an end-market accounts for 29%. But conglomerates are increasingly breaking up and those with A&D elements continue to focus on those businesses. United Technologies is working to spin off its elevators and air conditioning businesses while adding Raytheon. General Electric is divesting major units but favoring aviation. Honeywell International in recent years has spun off units to focus more on A&D and related businesses. One reason for the portfolio shaping is because of pressure from major investors who want companies to be more focused, in part so they can balance their own investment portfolios rather than relying on a company to try to play in various industries. Goldman Sachs is advising Textron on its review. Textron reiterated that no decision has been made and there are no assurances that the process will result in any transaction being announced or completed. The company has not set a definitive timetable for completion of its review of strategic alternatives and does not intend to make any further announcements related to its review unless and until its board of directors has approved a specific transaction or Textron otherwise determines that further disclosure is appropriate. https://aviationweek.com/business-aviation/could-textron-become-purer-ad-company-or-be-sold