20 mars 2024 | International, Terrestre
First round of Replicator to heavily feature Army systems, Bush says
Army acquisition chief Doug Bush said the service is the "biggest player" in the first tranche of the Pentagon's Replicator effort.
7 août 2020 | International, Terrestre
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
20 mars 2024 | International, Terrestre
Army acquisition chief Doug Bush said the service is the "biggest player" in the first tranche of the Pentagon's Replicator effort.
31 janvier 2024 | International, Terrestre
A second amendment has been signed to a night vision goggle contract for up to 3,500 new pairs.
5 mai 2020 | International, Aérospatial
By: Aaron Mehta WASHINGTON — Northrop Grumman and Raytheon Technologies are teaming up to fight for the right to build America's next missile interceptor, the companies announced Monday. The two companies hope to be one of two teams to be downselected by the Missile Defense Agency later this year, as the Pentagon seeks a replacement for the Redesigned Kill Vehicle program, which was cancelled last August after department officials decided the program was too technically challenged to continue. On April 24, the Pentagon formally issued a request for proposals for the new competition, known as the Next Generation Interceptor. The MDA requested $664.1 million in fiscal year 2021 for the NGI program, as part of a $4.9 billion five-year budget plan. “We have the right team, technology and expertise in place to meet our customer's needs for enhanced capabilities, from the identification of a ballistic missile launched by an adversary, all the way to its elimination,” Blake Larson, corporate vice president and president Northrop Grumman Space Systems, said in a statement. “The joining of true experts — with mastery from threat detection to interception — creates a team capable of developing a revolutionary solution that is designed to defeat emerging threats,” added Wes Kremer, president of Raytheon Missiles & Defense. The two companies have a depth of knowledge of the current missile defense architecture, with the press release claiming one or the other company currently provides “the interceptor booster, kill vehicle, ground systems, fire control and engagement coordination” systems for the Ground-Based Midcourse Defense system. In addition, while the RKV program was led by Boeing, Raytheon was the company actually building the kill vehicle as a sub-contractor. Raytheon Technologies, formed via a merger of Raytheon and United Technologies, began trading on the stock market at the start of April. https://www.defensenews.com/space/2020/05/04/northrop-raytheon-team-on-next-gen-interceptor-bid