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  3 août 2018 | International, C4ISR

  L3 Announces Business Segment Realignment

  Aerospace Systems and Sensor Systems Combine to Form ISR Systems Segment Mark R. Von Schwarz to Retire NEW YORK--(BUSINESS WIRE)--Aug. 2, 2018-- L3 Technologies (NYSE:LLL) announced today that the company is realigning its business segments to maximize growth and improve its integration and collaboration across the enterprise. Effective immediately, Aerospace Systems will combine with Sensor Systems to form the new Intelligence, Surveillance & Reconnaissance (ISR) Systems segment, which will heighten L3's focus on developing and delivering best-in-class global ISR and signals intelligence (SIGINT) solutions. The segment will be led by Jeffrey A. Miller, corporate Senior Vice President and President of Sensor Systems, and have combined estimated 2018 sales of $4.7 billion. Mark R. Von Schwarz, President of Aerospace Systems, will retire from the company after the transition is complete. L3's Electronic Systems and Communication Systems segments remain unchanged. “We are rapidly transforming L3 for integration and growth by strengthening our technological alignments, which enables us to more effectively build upon our competitive advantages,” said Christopher E. Kubasik, Chairman, Chief Executive Officer and President. “The increased scale of our new ISR Systems segment highlights our attractive position as a Global ISR prime contractor and accelerates our ability to address our customers' increasingly complex needs.” Mr. Kubasik continued, “This business realignment action supports our objective to improve operating margin to 12% for 2019.” The company reaffirms its consolidated 2018 financial guidance provided on July 26, 2018. Commencing in the third quarter of 2018, L3 will report its results under the realigned business segments. L3 Technologies is an agile innovator and leading provider of global ISR, communications and electronic systems for military, homeland security and commercial aviation customers. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. The company reported 2017 sales of $9.6 billion. To learn more about L3, please visit the company's website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company's website and is readily accessible. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-Looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20180802005210/en/ Source: L3 Technologies L3 Technologies Corporate Communications 212-697-1111 https://www.l3t.com/press-release/l3-announces-business-segment-realignment

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  8 avril 2020 | International, Terrestre

  Rheinmetall wins multimillion-euro order from international customer for artillery propelling charges

  April 7, 2020 - An international customer has awarded Rheinmetall an order for artillery propelling charges. Booked at the end of March by Rheinmetall Denel Munition (Pty) Ltd., the order encompasses several hundred thousand Tactical Modular Charges. These are to be delivered in 2021. The order is worth over US$80 million (more than €70 million). Made by Rheinmetall Denel Munition, Tactical Modular Charges are designed to propel 155mm artillery shells. Finetuned to match the customer's weapons systems and artillery projectiles, they assure maximum effectiveness. Moreover, their modular design simplifies logistics as well as handling procedures in self-propelled howitzer systems. Other positive characteristics of this advanced Rheinmetall Denel Munition product include reduced barrel wear (RDM's Barrel Wear Reducer/BWR) and lower muzzle flash (RDM's Muzzle Flash Reducer/MFR); the former results in longer barrel life, the latter makes the artillery system harder for the enemy to detect. Rheinmetall possesses comprehensive expertise in the world of advanced indirect fire systems – those that meet the criteria contained in the NATO Joint Ballistics Memorandum of Understanding (JBMoU) as well as non-JBMoU systems. The Group demonstrated its technological superiority in this field at the end of 2019. During test firing at the Alkantpan proving ground in South Africa, three new maximum ranges were attained with different guns. A 52-calibre G6 howitzer hurled a shell 76 kilometres, the longest ranged ever attained by a conventional 155mm artillery projectile. The 52-calibre main gun of the PzH2000 self-propelled howitzer achieved a range of 67 kilometres, while a 39-calibre field howitzer reached 54 kilometres. Rheinmetall AG Corporate Sector Defence Press and Information Oliver Hoffmann Rheinmetall Platz 1 40476 Düsseldorf Germany Phone: +49 211 473-4748 Fax: +49 211 473-4157 View source version on Rheinmetall: https://www.rheinmetall.com/en/rheinmetall_ag/press/news/latest_news/index_20416.php

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  2 novembre 2018 | International, Aérospatial

  General Electric beats Rolls-Royce to power Turkey’s indigenous fighter jet

  By: Burak Ege Bekdil ANKARA, Turkey — Turkey's aerospace authorities have chosen General Electric's F110 family of engines to power the prototype and an initial batch of what will become Turkey's first indigenous fighter jet, the TF-X. A senior procurement official confirmed the choice, saying that the twin-engine TF-X will be powered by the F110-GE-129 or the F110-GE-132 engine. “This is a stopgap solution until we have built our indigenous engine for the TF-X,” the official said. Under the deal, the first prototype of the TF-X and an unknown number of initial batches would be powered by the F110 engine. Turkey then plans to switch to an engine to be developed by TRMotor, a national engine consortium. But some aerospace sources say the F110 may not be the ideal engine for a fifth=generation fighter. “If the Turks go for the GE option, they will have to compromise on the stealth capabilities of the TF-X,” a Paris-based defense specialist said. Earlier this year, Turkey and Rolls-Royce came close to a strategic cooperation deal for the development and co-production of an engine for the TF-X. The British company and the Turkish government signed a letter of intent to finalize negotiations on the engine program by July 31, but the plan did not come to fruition. Turkish officials say the idea behind the GE deal is to rely on foreign technology to eventually in the long term build an indigenous engine to power the TF-X. Turkey wants to build the TF-X with know-how from BAE Systems. In January 2017, Britain and Turkey signed a deal worth more than £100 million (U.S. $128 million) to develop the Turkish fighter jet. Turkey hopes to have the first test flights of the aircraft in 2023. https://www.defensenews.com/industry/2018/10/31/general-electric-beats-rolls-royce-to-power-turkeys-indigenous-fighter-jet/