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Introducing Leonardo and Codemar S.A., a new joint venture focused on security and resilience, infrastructure management, and helicopter-based services
Rio de Janeiro, February 12, 2020 - Leonardo, the Italian-headquartered aerospace and security multinational, through its subsidiary Leonardo International, which was set up to support the Company's operations around the world, and Codemar, Companhia de Desenvolvimento de Maricá, have announced the creation of a joint venture named Leonardo&Codemar S.A., with 49% share of Codemar and 51% of Leonardo, established under Brazilian law.
The joint venture's objective is to become the flagship in the development and delivery of projects for urban security and resilience as well as new infrastructure and helicopter-based services that will boost the expertise of Brazilian industry. Through the implementation of a range of innovative and challenging projects, Maricá will become a “living lab” for the most exciting and promising technological applications contributing to the safety and quality of citizens' life, and the sustainable development within the area.
As of today, Leonardo&Codemar will setup joint project teams that, thanks to Leonardo broad product portfolio and advanced technological capabilities and Codemar knowledge of local requirements, aims to progressively become the partner of the Maricá Municipality and the natural recipient of request for projects and services within its business perimeter. The status of the preferred partner to the Municipality of Maricá will give Leonardo&Codemar access to similar projects as they arise throughout the Latin America region.
“We are thrilled about the new development of Leonardo's presence in Brazil, showing how an open minded and fair dialogue between such different organisations can shape unexplored and promising mutual opportunities”, said Leonardo's CEO, Alessandro Profumo. He added, “The new joint venture will focus on delivering systems and services for the security, resilience and protection of populations and territories and will prove how space, cyber and digital, aeronautical, and unmanned technologies can contribute to development”.
Leonardo and Codemar are joining up financial and technological resources with the intent of leveraging the best of both companies' experience and know-how to provide innovative products and services to the Municipality of Maricá. Thanks to its strategic location, Maricá is set to become a primary logistic base for Oil & Gas operations throughout the Country, with a huge potential for related businesses (i.e. financial, high tech and services) requiring the best and most reliable networked infrastructures. Similarly, a substantial tourist and residential development, facilitated by the proximity to Rio de Janeiro, will be pursued while respecting the City's spectacular and intact territory.
About Leonardo:
Leonardo, among the top ten world players in Aerospace, Defence and Security, is Italy's main high-technology industrial company. Organised into five business divisions (Helicopters; Aircraft; Aerostructures; Electronics; Cyber Security) Leonardo has a significant manufacturing presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries such as Leonardo DRS (electronics), and joint ventures and partnerships: Telespazio, Thales Alenia Space and Avio (space); ATR (regional aircraft); and Elettronica and MBDA (electronics and defence systems). Listed on the Milan Stock Exchange (LDO), in 2018 Leonardo recorded consolidated revenues of €12.2 billion and invested €1.4 billion in Research and Development. The Group has been part of the Dow Jones Sustainability Index (DJSI) since 2010 and became Industry leader of the Aerospace & Defence sector in 2019.
About Codemar:
Codemar, Companhia de Desenvolvimento de Maricá, manages public goods and areas, encourages the promotion, socio-economic development and the surroundings of the Municipality of Maricá, in collaboration with the municipality, public bodies and the corporate sector, thanks to a progressive expansion of investments. It also contributes to the definition of public policies for economic development in the city of Maricá.
View source version on Leonardo: https://www.leonardocompany.com/en/press-release-detail/-/detail/12-02-2020-introducing-leonardo-codemar-s-a-a-new-joint-venture-focused-on-security-and-resilience-infrastructure-management-and-helicopter-based-serv
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By: Seth J. Frantzman JERUSALEM — Greece's Hellenic Ministry of National Defense will lease unmanned aerial vehicles from Israel, in a deal that offers up an alternative to pricey acquisitions amid budgetary constraints. The Heron long endurance drones, manufactured by IAI, will be used for border defense under a leasing model that IAI said may grow more appealing with the new pandemic dynamics that countries face. Executive vice president and general manager of AIA's Military Aircraft Group, Moshe Levy, praised the new deal with Greece as "yet another example of the successful leasing model promoted by IAI in many parts of the world.” Greece will have an option to purchase the Herons after the lease term ends in three years. The Heron is one of the most popular of IAI UAVs, which have collectively seen 1.8 million operation flight hours with over fifty partners worldwide, the company says. IAI could not comment on the overall value of the lease agreement. The twin-boom Heron comes in several models, including the smaller tactical Heron unveiled in 2019, and the longer endurance Heron MK II unveiled this year. With development roots in the early 1990s, the larger Heron UAVs have been active with the Israeli Air Force since the early 2000s and been used by countries such as Turkey, India, Australia, Singapore, Azerbaijan and Germany. Greece and Israel have become closer partners in defense and maritime relations over the last decade. The Heron lease for Greece will include a unique maritime configuration with sensors and communications designed to monitor the extensive water borders of Greece. Levy says that Israel sees this maritime security model as an important market. The coronavirus pandemic has made countries increasingly aware of the need to control borders, Levy said, creating newfound demand for large surveillance UAVs like Heron. The flexibility of lease agreements with operations outsourced allows customers to get the data they need to secure borders, but without the overhead of ownership or the large logistical footprint. Levy points to previous lease agreements, such as a $600 deal in 2018 with Airbus and Germany to lease Heron TPs. Those leased Herons saw more than 30,000 hours of flight time in Afghanistan. “We supply the birds [UAVs] and the maintenance and another company takes the bird and puts it in the air," Levy said. “The customer just does the mission and get the data.” Lease agreements were signed with Australia and Canada over the last decade as well. “We assume after coronavirus, budgets will shrink and people will look for different solutions and things that are simpler, and less costly, so the lease option can meet the needs,” Levy said, particularly for states that want only a few large UAVs, without the overhead of operations and training. Israel was the world's largest exporter of drones through 2013, bringing in more than $4.6 billion in sales between 2006 and 2012 and selling UAVs to more than two dozen countries. However, China has rapidly increased its military drone sales to become one of the largest exporters last year. At the same time, UAV sales are increasingly a smaller percent of Israel's overall defense exports, illustrating a changing market. “We have to adapt and manage our portfolio. We are offering a wide variety of platforms,” says Levy. The new Heron MK II, with a wingspan of 16 meters, weighs 1,300 kg and can reach an altitude of 35,000 feet for up to 45 hours. It has a new more powerful Rotax 915 iS engine, says Levy, who pointed to increased demnd for versatile vertical-takeoff and landing (VTOL) options or UAVs that require only a short runway. https://www.defensenews.com/global/europe/2020/05/08/greece-and-israel-deal-spotlight-leasing-model-for-military-uavs/