12 avril 2023 | International, Autre défense

Moldova needs $275 mln to modernise armed forces -defence official

Moldova needs 250 million euros ($275 million) to modernise its armed forces following Russia's invasion of neighbouring Ukraine last year, a senior defence official in the pro-Western country said on Wednesday.

https://www.reuters.com/world/europe/moldova-needs-275-mln-modernise-armed-forces-defence-official-2023-04-13/

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  • Thales NS50 Radar to equip the Belgium Navy and the Royal Netherlands Navy Next Generation Mine Counter Measures Vessels (MCMV)

    20 janvier 2021 | International, Naval

    Thales NS50 Radar to equip the Belgium Navy and the Royal Netherlands Navy Next Generation Mine Counter Measures Vessels (MCMV)

    January 18, 2021 - The navies of Belgium and the Netherlands rely on Thales, Naval Group and KERSHIP shipyard to equip the 12 next generation Mine Counter Measures Vessels with NS50 radars for Air & Surface Surveillance with Fire Control capabilities. Through this contract for its new NS50 radar, Thales is proud to serve both the navies of Belgium and the Netherlands through the next generation MCMV contract with Kership - a joint venture between Naval Group and Piriou. The NS50 radar introduces a complete and high level of self-protection capability against air and surface threats for high value ships. The NS50 radar is a game changer: it is the world's first compact multi-mission 4D AESA (Active Electronically Scanned Array) radar available in the market for smaller vessels offering both Air and Surface surveillance with missile and Gun Fire control. The NS50 provides for the first time a complete and superior level of self-protection capability against air and surface threats for this category of high value MCM vessels. A strategic choice for small to medium vessels, the NS50 offers dual functions between air and surface surveillance and fire control. The nature of threats faced by Navies has never been more varied nor more challenging, ranging from next generation anti-ship missiles, robotic warfare and swarm attacks, to electronic warfare (jamming) as well as, overall, having to operate in a simultaneously conventional, asymmetric and hybrid threat environment. Time and quality of information are critical when facing this new array of unpredictable simultaneous threats. The NS50 provides maximum time on target for forces to evaluate the threat and take countermeasures while, at the same time, understanding what is around them to safeguard the ship and to protect their own allied forces. The NS50 is the world's most compact, affordable 4D multi-function naval radar in the market. It offers superior air and surface detection, tracking and classification performances providing highly accurate 4D target information required for rapid acquisition by short-range “fire and forget” Surface-to-Air-Missile Systems as well as fire control of ship-borne artillery against surface targets. It can defend against Unmanned Aerial Vehicle (UAV), low slow flying object, surface targets and in combination with small to medium caliber gun system. A fully software-defined sensor, the NS50 features a modular and scalable hardware architecture, making it equally suitable for combat boats, Offshore Patrol Vessels, MCMVs, auxiliaries and various other platforms. No other radar in this class up offers the NS50's flexibility and range of features, which are similar to those that do equip larger sized ships. Its full digital design implies that upgrades are possible at any moment and at any place and that, software modifications are simple for integrating new features. The NS50 meets today's cybersecurity requirements. The NS50 is part of the NS family of radars already operational within the Royal Netherlands Navy, providing enhanced situational awareness and contributing to regional stability in various parts of the world. “Navies are facing more complex, smaller, agile and faster moving simultaneous threats. The compact NS50 is a game changer – it brings the benefit of multi-mission air and surface surveillance, as well as fire control to combat boats, MCM vessels, OPA's and various other platforms. We are proud to work with Naval Group and Kership and supply an innovative radar to the Belgium and Netherland Navies for operational advantage”. Serge Adrian, Senior Vice-President Surface Radar activities, Thales. View source version on Thales Group: https://www.thalesgroup.com/en/group/journalist/press_release/ns50-radar-equip-belgium-navy-and-royal-netherlands-navy-next

  • HENSOLDT and ERA announce Strategic Collaboration for Passive Advanced Air-Surveillance and Air-Defence Solutions

    31 août 2023 | International, Terrestre

    HENSOLDT and ERA announce Strategic Collaboration for Passive Advanced Air-Surveillance and Air-Defence Solutions

    This collaboration is a response to the insights gained from recent conflicts in Europe, emphasizing the need for cutting-edge technologies to enhance national and European security.

  • Why defense firms need to get systematic about M&A — big and small

    17 novembre 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

    Why defense firms need to get systematic about M&A — big and small

    By: Eric Chewning and Frank Coleman III After years of growth, defense budgets will likely flatten (or decline). In such a financial environment, the U.S. Department of Defense will consider trade-offs between funding modernization, sustaining legacy equipment and preserving force structure. These hard choices will be informed by the DoD's strategic acquisition priorities, which will likely continue to reflect the need for innovation around leading-edge capabilities in areas like space, C5ISR, long-range precision fires, unmanned vehicles and artificial intelligence. To support these evolving mission requirements, the defense industry will need to ensure the industrial base is able to deliver technological advantage. This requires attracting world-class talent as well as the necessary financial capital to operate global industrial enterprises. Attracting these resources requires continued value creation through growth and return on invested capital improvements. But in a down budget environment, where is this growth to come from? While many will think organic growth is the best value-creating option (and often is), the answer also lies in augmenting a classic portfolio strategy with a systematic approach to transactions. Mergers and acquisitions are a proven growth accelerant for defense companies, and have generated superior shareholder returns and greater resilience for companies that have pursued it systematically. At first glance, this may simply seem like an obvious description of recent history. The aerospace and defense sector, after all, has seen rapid consolidation in the last five years, with deals worth $358 billion struck between 2015 and 2019, three times the total between 2010 and 2014. The problem for defense companies looking for more of the same is that this wave of consolidation now appears to have run its course. The combined market value of the top five defense hardware players is now more than four times that of the next five; so even as further mega-deals are theoretically possible, they will be increasingly difficult to execute, underscoring the value of programmatic M&A. Distinct from selective or organic deal-making approaches, programmatic M&A involves a company conducting two or more small or midsized deals per year, with an aggregate value greater than 15 percent of its market capitalization over five years, that align with their overall corporate strategy (which is hopefully linked to the “fast streams” of growth in the budget (see exhibit below)). These deals get choreographed around a specific business case, such as scaling or integrating vital digital capabilities, and are rooted in a disciplined appraisal of transactions. In the defense industry, programmatic M&A should be deployed against a strategy supported by the customer's need for innovation, lower costs and better mission outcomes for the war fighter. Our analysis shows that over the last decade, few defense companies took a programmatic approach to M&A. Those who did outperformed their peers in total shareholder returns by 10.4 percent. M&A was also an important key to resilience during the last defense spending downturn in 2007-2011: The top quintile of outperforming companies, as well as optimizing cash and flexing capex, used it as an opportunity to grow less cyclical parts of the business and build digital capabilities. Defense companies may be deterred by the current market environment, featuring stretched valuations, competition from institutional capital and a squeeze on mid-tier players. They may be cautious about the challenge of integrating smaller nondefense acquisitions into company processes and culture — a process that is easier to get wrong than right to be sure. The very complexity of these circumstances creates opportunities for bold players to differentiate themselves from their peers, align their strategies with national defense priorities and add significant value for shareholders. When done well, programmatic M&A can form a central pillar of their growth strategy. With a proactive approach to deal sourcing, holistic diligence, and in-house execution and integration expertise, companies can establish M&A as a critical capability and avoid the risks of reactive, one-off projects. In the challenging environment that confronts the defense industry today, those who act boldly will succeed in creating enduring businesses that can adapt to the evolving needs of the national defense. Eric Chewning and Frank Coleman III are partners at McKinsey and Company. Chewning previously served as chief of staff in the Office of the Secretary of Defense, and before that as the Pentagon's industrial chief. https://www.defensenews.com/opinion/commentary/2020/11/16/why-defense-firms-need-to-get-systematic-about-ma-big-and-small/

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