5 mars 2024 | International, Terrestre

Thales posts higher profit, tackles weak telecom satellite market

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  • US Army’s $5.5B wish list seeks to restore cuts made to protect force modernization

    3 juin 2021 | International, Terrestre

    US Army’s $5.5B wish list seeks to restore cuts made to protect force modernization

    The Army has submitted its Unfunded Requirements List to the Hill that seeks to boost funding to improve military installations, restore delayed procurement of legacy aircraft and vehicle fleets and cover the potential hidden costs of withdrawing from Afghanistan while covering unforeseen contingencies.

  • When the challenge of coronavirus becomes a catalyst to change

    19 août 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

    When the challenge of coronavirus becomes a catalyst to change

    By: Mike Gruss One way to understand how the United States' largest defense companies are responding to the coronavirus pandemic is to listen to what their leaders said on the most recent round of earnings calls. Consider this anecdote from General Dynamics. Phebe Novakovic, the company's chief executive, told analysts in late July that when COVID-19 struck, “our classified customers closed their sites to all but mission-essential employees. This impacted revenue and earnings and will continue to do so. Some of IT services' highest-margin programs have come to a hard stop because of COVID-19.” Novakovic described the pandemic as a time of “significant uncertainty.” That story was not unusual. David Calhoun, Boeing's CEO, described this as “a historically dynamic and challenging time.” Greg Hayes, Raytheon Technologies' top executive, opened his second-quarter call by stating: “As everyone knows, these last several months have been incredibly challenging.” And Bill Brown, the CEO of L3Harris, said: “The pandemic has challenged us all to find new ways of working effectively.” To be clear, defense contractors have lost roughly 20 percent of their value in the last six months, by tracking exchange-traded funds. That's the worst run for publicly traded companies in at least a decade. So what to make of this? James Taiclet, Lockheed Martin's new leader, said his philosophy is that there may be “an opportunity for us if there is a downturn, we're going to look at the silver linings that may be there.” He was talking about mergers and acquisitions. But defense companies of all sizes should look for another opportunity: a reason to operate differently, not an excuse to get back to basics. Leaders should reexamine how to embrace new talent, how to effectively telework, and how to add new equipment or partnerships with unexpected sources. Military leaders for years have said they value agility. Now they will get to watch firsthand who changes, who is prepared for the long term, who adapts and who merely talks about adapting. These “challenges” can give acquisition officials a reason to reward agility. But back to the earnings calls. Officials hinted about what may happen next, before we — fingers crossed — enter a post-pandemic world. Lockheed's Kenneth Possenriede, the company's chief financial officer, said that while solicitations may be slower getting out the door, final deadlines have not changed. Brown at L3Harris said: “We believe that the heightened threat environment will drive the trajectory of U.S military spending regardless of the election.” Novakovic seconded that notion. “There's a general consensus that the threat has not dissipated,” she said. “In fact, arguably some of our potential adversaries have raised additional questions. ... We'll see going forward, but [I'm] not hearing a lot at the grassroots level on ... any pending defense cuts.” The threat may not have changed. Nor may the business of defense. Yet. But it's impossible to ignore that almost everything else has. https://www.defensenews.com/opinion/2020/08/17/when-the-challenge-of-coronavirus-becomes-a-catalyst-to-change/

  • Germany delays tender for military helicopters: document

    26 septembre 2018 | International, Aérospatial

    Germany delays tender for military helicopters: document

    BERLIN (Reuters) - Germany's planned 4 billion euro ($4.71 billion) tender to buy new heavy-lift helicopters that was due to be issued this autumn will be delayed, according to an official document seen by Reuters on Wednesday. The planned start of the tender by the end of September would be “delayed until further notice,” the office in charge of military procurement said in a letter to several defense firms. The procurement office did not give a reason for the delay or say when the tender would be launched. “As soon as a new date is fixed, we will inform you immediately”, it said in the short letter. The Bundeswehr, the German military, is due to receive 45 to 60 heavy-lift transport helicopters in the coming decade. Defence Minister Ursula von der Leyen earlier indicated the tender could be delayed as financing of the project was not yet secured in the ongoing parliamentary budget negotiations. Von der Leyen, a member of Chancellor Angela Merkel's conservatives, is pushing for steeper military spending hikes, but she faces resistance from the Social Democrat-led finance ministry, which prefers more spending on infrastructure and digitalization. Reporting by Sabine Siebold; Writing by Michael Nienaber https://www.reuters.com/article/us-germany-defence/germany-delays-tender-for-military-helicopters-document-idUSKCN1M6110

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