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US Navy champions digital weaponry as decider of future fights
"The challenges inherent to the cyber domain are considerable," the Navy secretary wrote, "but failing to mitigate cyber risks is not an option."
1 août 2019 | Local, Aérospatial, Terrestre, C4ISR, Sécurité
Rheinmetall Acquires Provectus, a Canadian Robotics Specialist
The takeover of the Canadian company Provectus Robotics Solutions Inc. expands Rheinmetall's technological capabilities in the field of robotics and autonomous driving. In future, both halves of the Group – Automotive and Defence – will benefit from the know-how of the newly acquired robotics specialist. Automation and digitization are among the vital Group-spanning technology clusters which Rheinmetall is systematically working to expand, concentrating knowledge and capacities in order to exploit additional future growth potential.
Effective 1 June 2019, Rheinmetall Canada Inc., a subsidiary of the Düsseldorf-based Rheinmetall Group, took over a 100% stake in the Ottawa-based company. Founded in 2010, Provectus Robotics Solutions is a young company specializing in the development of advanced robotic systems and software. Though now owned by Rheinmetall Canada, Provectus will continue to operate under its previous managing director, Paul Rocco.
In recent product presentations, Rheinmetall has generated great interest with its Mission Master unmanned multi-mission vehicle, which is based on Provectus technology, modified for military use by Rheinmetall Canada. Everything points to unmanned ground vehicles playing an increasingly important role in future military operations on land, much like unmanned air vehicles in an aviation context. Some will serve in an unarmed logistic or reconnaissance role; others will function as mobile weapon platforms.
“We have already been working closely with Provectus in our unmanned ground vehicle project. This vertical integration gives us a decisive advantage in the field of autonomous mobility technology", said Stéphane Oehrli, president and CEO of Rheinmetall Canada. “Since this capacity is also a key enabler for the Automotive division, the whole Rheinmetall Group will hence benefit from Provectus' expertise. The automation of other Rheinmetall mobile platforms is actually an innovation we are already thinking of.”
As Paul Rocco from Provectus, explains, “Rheinmetall Canada is the ideal platform for accelerating our growth while simultaneously strengthening our presence in Canada as well as internationally. This is a unique opportunity for the Provectus team to significantly improve our market potential in the world of autonomous driving and to take advantage of new opportunities.”
The buyout is part of Rheinmetall's strategy of positioning itself as a preferred supplier of cutting-edge technology – around the world but particularly in Canada, where the Group is a longstanding, tried-and-tested partner of the country's armed forces.
Rheinmetall is eager to apply expertise from Provectus Robotics Solutions in implementing ISTAR, a major project of the Canadian armed forces now underway. (The acronym ISTAR stands for Intelligence, Surveillance, Target Acquisition and Reconnaissance.)
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7 novembre 2018 | Local, Aérospatial
Magellan Awarded CDN $140 Million Contract Extension with Airbus
Toronto, Ontario – 5 November 2018 -- Magellan Aerospace Corporation (“Magellan”) announced today, that they have secured a six year agreement with Airbus for a contract extension for the manufacture of A350 XWB centre wing box and keel beam detail parts. It is estimated that revenue generated from this work package will exceed CDN $140 million dollars over the term of the contract. The package consists of a number of large structural, machined components, and will be manufactured by Magellan in the United Kingdom and supplied to the Airbus assembly facility in Nantes, France. Mr Haydn Martin, Magellan's Vice President, New Business Development said, “This contract extension has been achieved through a combination of demonstrated operational excellence and market competitive pricing. As a strategic partner to the Airbus Group, Magellan continues to align our technology investments and manufacturing best practices to meet their current and future requirements. About Magellan Aerospace Corporation Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India. Forward Looking Statements Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. When used herein, words such as "expect", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Corporation in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Corporation believes are appropriate in the circumstances. Many factors could cause the Corporation's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of the Corporation's Annual Information Form (copies of which filings may be obtained at www.sedar.com). These factors should be considered carefully, and readers should not place undue reliance on the Corporation's forward-looking statements. The Corporation has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For information: Laura Podaima Director, Corporate Communications Magellan Aerospace Ph. 204 788 2831 laura.podaima@magellan.aero http://magellan.aero/investors/press-releases/