Thales finalizes acquisition of RUAG training and simulation unit

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  19 juin 2019 | International, Autre défense

  ngility, an SAIC Subsidiary, Selected for $106 Million Defense Intelligence Agency Contract

  RESTON, Va.--(BUSINESS WIRE)--The Defense Intelligence Agency's National Media Exploitation Center awarded Engility Corp, a subsidiary of Science Applications International Corp. (NYSE: SAIC), a single-award, indefinite-delivery, indefinite-quantity contract worth potentially $106 million. As part of the new contract, SAIC will continue to provide media management and analysis work, and will expand these services to include all of the DIA Science and Technology Directorate. “Partnering with the DIA is a privilege we take seriously,” said Michael LaRouche, executive vice president and general manager of SAIC's National Security Customer Group. “Expanding our services to the entire Science and Technology Directorate offers our team of intelligence and data analytics experts a great opportunity to bring value and technological innovation to even more missions.” The IDIQ carries a potential 10-year period of performance. The contract supports NMEC's training, document and media management, program support, and related intelligence operations. The team assists NMEC with document and media exploitation processes like data acquisition, ingest, processing, reporting, and timely dissemination to ensure the chain of command is immediately informed of any changes or developments based on media gathered by the U.S. military and intelligence community. The contract award comes on the heels of SAIC's $2.5 billion acquisition of Engility, completed in January 2019, as part of its strategy to expand its intelligence community portfolio. About SAIC SAIC® is a premier technology integrator solving our nation's most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions. We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom. Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. https://www.businesswire.com/news/home/20190619005487/en

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  11 décembre 2019 | International, Terrestre

  Analysis: NATO's defence budget formula is flawed — and Canada isn't going to meet its target

  Trump is angry that a number of NATO nations haven't met an agreement, reached five years ago, to spend two per cent of their annual Gross Domestic Product on defence DAVID PUGLIESE, OTTAWA CITIZEN Another NATO summit brings another chance for U.S. President Donald Trump to browbeat America's allies for not spending enough on defence. Trump is angry that a number of NATO nations haven't met an agreement, reached five years ago, to spend two per cent of their annual Gross Domestic Product on defence. But that GDP yardstick has been rendered almost meaningless this year as the tiny nation of Bulgaria has joined the U.S. super power as being one of NATO's top military spenders. Bulgaria's GDP is so small that by purchasing eight F-16 fighter jets in a one-time outlay of $1.5 billion, the country will now be spending 3.25 per cent of its economic output on its military. Only the U.S., which spends 3.4 per cent of GDP on defence, is higher. Using the GDP measurement means that Estonia, which has one of the smallest navies in the world with four ships, has reached the NATO gold standard of two per cent. Canada, which spends more than 20 times the amount in actual dollars on its military, is viewed as a NATO deadbeat. For that reason, both Conservative and Liberal governments have pushed back on the GDP measurement, which was agreed to by NATO nations at a summit in Wales in 2014. Prime Minister Stephen Harper, arguably the most supportive leader of the Canadian military that the country had seen in decades, dismissed the notion of reaching that two per cent target, even though Canada signed on to the goal. At the Wales summit, Harper's staff pointed out that reaching the two per cent mark would have required the military's budget to almost double, something that was not fiscally or politically possible. Harper himself had come under fire from defence analysts who pointed out that under his government, the percentage of GDP spent on defence reached almost an all-time low of around 1 per cent. But Harper countered that it's the amount of actual spending and capability of a country's military that matters, not the GDP measurement. Prime Minister Justin Trudeau was essentially using the same argument Tuesday when he met with Trump at the NATO summit. “I think it's important to look at what is actually being done,” with defence dollars, Trudeau said. Canada only spends about 1.3 per cent of GDP on defence. But tabulate the defence dollars actually being spent on the military and Canada ranks an impressive sixth among the 29 NATO nations. The Liberal government's defence policy has promised even more money in the future. Military spending is set to increase from the current $21.8 billion to $32.7 billion in 2026-2027. Trudeau also noted in his meeting with Trump on Tuesday the key role Canada is playing in NATO operations in both Latvia and Iraq. Germany has taken a similar approach to the one used by Canada's Conservative and Liberal governments. It believes the amount of money actually being spent on military forces is more important than measuring it as a percentage of the GDP. Germany has also pointed out it is the second largest provider of troops for NATO operations. Trump is expected to once again criticize Germany for its level of defence spending. But the country does not seem to be in a hurry to make the two per cent goal. Germany currently spends about 1.4 per cent or around $64 billion annually. Earlier this year it told NATO it would reach 1.5 per cent of GDP by 2024. The other issue facing the Department of National Defence and the Canadian Forces related to the two per cent goal is one of capacity. Even if the defence budget was boosted to meet two per cent, the department simply doesn't have the ability to spend that amount of money. Around half the defence budget is for salaries and while the senior military leadership would welcome an increase in the ranks the problem they face is that young Canadians aren't exactly rushing out to join the forces. The military could spend more money on acquiring additional equipment. But a lack of trained procurement staff has been an obstacle standing in the way of even getting approved programs underway. Trudeau's explanation Tuesday about Canada's military spending being on a steady increase seemed to placate Trump, at least for now. The U.S. president responded that he views Canada as “slightly delinquent” when it comes to defence spending. “But they'll be okay,” he told journalists. “I have confidence. They'll get there quickly, I think.” https://ottawacitizen.com/news/national/defence-watch/analysis-natos-defence-budget-formula-is-flawed-and-canada-isnt-going-to-meet-its-target

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  28 novembre 2018 | International, Terrestre

  Tank maker takeover: Germany’s Rheinmetall eyes acquisition of rival KMW

  By: Sebastian Sprenger COLOGNE, Germany — German armored vehicles-maker Rheinmetall has confirmed initial talks about an acquisition of its rival Krauss-Maffei Wegmann, a move that would reorder the industry landscape involved in producing a new European main battle tank. According to a brief Rheinmetall statement, on the table is the takeover of KMW in the context of its partnership with French tank maker Nexter, known under the name KNDS. KMW and Nexter each own 50 percent of their Franco-German joint venture. KNDS and Rheinmetall were expected to pitch separate design proposals next year for the Main Ground Combat System, a novel tank meant as one of three signature military projects propelling the Berlin-Paris defense partnership. It remains to be seen how the dynamic of a KMW acquisition by Rheinmetall would play into those plans. Citing industry experts, the newspaper Die Welt on Tuesday wrote that the French government, through state-owned Nexter's deal with KMW, is expected to have a say in the transaction. Paris may even have a right of first refusal for KMW's portion in KNDS, the newspaper reported. Rheinmetall's statement on Monday noted that a final decision regarding the way ahead depends on a “multitude of political, economic and regulatory” aspects still to be sorted out. A takeover deal could put to rest the question of what vehicles German defense companies will pitch for multibillion-dollar modernization programs of the U.S. ground services. Rheinmetall is already offering the Lynx armored fighting vehicle as a Bradley replacement. KMW could make another attempt at selling the Puma vehicle, though Rheinmetall is also part of the joint venture producing that vehicle for the German forces. https://www.defensenews.com/global/europe/2018/11/27/tank-maker-takeover-germanys-rheinmetall-eyes-acquisition-of-rival-kmw