7 août 2020 | International, Terrestre

OTT Technologies takes over LMT

by Charles Forrester

South African armoured vehicle designer and manufacturer OTT Technologies has acquired LMT, which has been in business rescue since September 2019.

The acquisition closed in July, OTT Technologies business development manager Chris Gildenhuys told Janes on 5 August. The value of the acquisition is not being disclosed at this time.

According to Gildenhuys, the acquisition of LMT Products “is a strategic move for OTT Technologies to expand on its own range of proven mine-protected armoured vehicles”. LMT designs and manufactures a variety of protected products, ranging from protected cabs for Mercedes Benz to the LM8 and LM13 vehicles.

The LMT Products division of OTT Technologies will, for the foreseeable future, continue to operate under the LMT Products brand and the vehicles will retain their respective designations. The merger will obviously bring about branding and structural changes in future. The first priority is to get the LMT division back on track in as far [as] the personnel component, manufacturing, and sound day-to-day management,” Gildenhuys said.

When LMT went into business rescue there were still some incomplete contracts, including one with a Middle Eastern customer, Gildenhuys added. That particular contract will now be honoured and completed.

Denel had been the majority shareholder of LMT Holdings since it acquired its stake in 2012, with the underlying business with LMT Products. LMT Holdings was 51% owned by Denel, 29% by Pamodzi, and 20% by the founding members, and included LMT Products, LMT Engineering, and LMT Properties.

https://www.janes.com/defence-news/news-detail/ott-takes-over-lmt

Sur le même sujet

3 mars 2021 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

Les dépenses militaires dans le monde ont atteint un record en 2020
L'édition 2021 du rapport annuel « Military Balance », publié par l'institut britannique IISS, évoque des dépenses militaires mondiales record en 2020, évaluées à 1 830 milliards de dollars, soit une progression annuelle de 3,9%, en termes réels, après une hausse de 4% en 2019 considérée comme la plus forte de toute la décennie. En proportion du PIB, ces dépenses mondiales passent ainsi, pour la première fois, tout juste au-dessus de la barre des 2%, la plupart des pays ayant maintenu leurs budgets militaires malgré la crise de la Covid-19. Le budget de la défense américain a ainsi bondi de 6,3% en 2020, celui de la Chine de 5,2%. Les deux Etats pèsent pour les deux tiers de la hausse des dépenses mondiales. De plus, désormais, l'Asie représente le quart des dépenses de défense mondiale, contre 17,8% en 2010, et dépense plus pour sa défense que tout le continent européen. Les Echos du 27 février 2021
6 mai 2022 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

Pentagon says inflation has made one company request to cancel a long-term contract
The Pentagon acknowledges the impacts a record 40-year-high inflationary spiral has had on its defense contract negotiations, in a letter submitted to congressional Republicans who criticized the FY23 budget request for underestimating the inflation rate.
16 janvier 2020 | International, Naval

L3Harris to deliver Iver4 underwater drone to Navy
By: Chiara Vercellone WASHINGTON — The Pentagon's Defense Innovation Unit has selected L3Harris Technologies to provide the Navy with an underwater drone for use in expeditionary undersea missions, according to a Jan. 14 news release from the company. As part of the contract, L3Harris will deliver for testing an Iver4-900 PW unmanned undersea vehicle, as well as two field swappable modular payload sections, which, along with additional sensors, will allow the vehicle to detect, classify, localize and identify targets on the ocean floor, the release said. An earlier version of the drone was already sent to the Navy, but under this contract, the company will deliver a version modified to fit the Navy's requirements, a company spokeswoman told Defense News. She would not share the value of the contract. “The Iver4 is leading the next generation of small class UUVs,” said Daryl Slocum, vice president of unmanned maritime systems at L3Harris Technologies. “This platform has been custom-built to address the needs of the Expeditionary Mine Countermeasures and Explosive Ordnance Disposal communities.” The contract award comes as the Navy seeks to bolster its unmanned inventory. Congress recently approved the purchase of two large unmanned surface vessels for the service. In 2019, L3Harris received a contract from the University of Southern Mississippi for an older version of the underwater drone to be used by the university's school of ocean science and engineering. https://www.c4isrnet.com/unmanned/2020/01/15/l3harris-to-deliver-iver4-underwater-drone-to-us-navy

Toutes les nouvelles