13 juillet 2021 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

The list is here: Find out how global defense companies performed in FY20

We reveal who’s up and who’s down for 2021, based on fiscal 2020 defense revenue.


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  • South Korea's Hanjin up for sale

    1 octobre 2020 | International, Naval

    South Korea's Hanjin up for sale

    Jon Grevatt Hanjin Heavy Industries and Construction (HHIC) – one of South Korea’s most prominent naval shipbuilders – has announced that the state-owned Korea Development Bank (KDB), its main creditor and largest shareholder, is looking to sell its stake in the company. HHIC, based in Busan, said in a filing to the South Korean stock exchange on 29 September that the KDB has invited bidders to acquire all or part of its 83.45% stake in HHIC, with the aim to finalise a preliminary bidding phase by the end of October. The stake in its entirety is expected to be worth around USD430 million. In a separate statement, the KDB said it plans to sell at least 63.44% of its shareholding in HHIC and to decide on whether to divest the remaining stake before the end of final bidding. It added that its shareholding in HHIC is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the company, said the KDB. HHIC has been facing severe economic pressure for several years: a result mainly of a downturn in sales in commercial shipbuilding and construction sectors. In fiscal year 2018, the company’s sales increased year-on-year by 3% to KRW1.69 trillion (USD1.44 billion). However, HHIC’s losses expanded from KRW278 billion in 2017 to KRW1.32 trillion in 2018. While no HHIC sales figures for the defence sector are available, these are expected to have remained relatively strong. https://www.janes.com/defence-news/news-detail/south-koreas-hanjin-up-for-sale_12630

  • New Tool Developed to Improve Pilot Visibility

    17 août 2020 | International, Aérospatial

    New Tool Developed to Improve Pilot Visibility

    8/14/2020 By Connie Lee Special Operations Command and the Army are adopting new technology to improve visibility during flight operations in degraded conditions. Sierra Nevada Corp. was selected for the third phase of the degraded visual environment pilotage system competition following a 2015 airborne test. The company’s most recent contract modification includes full-rate production, according to a company news release. Paul Bontrager, Sierra Nevada’s vice president for government relations, said the system will help pilots operate in areas with limited visibility such as fog and dust. “We’ve always had a hard time flying in snow and flying in dirt,” he said. “In Army aviation we’ve been waiting for this technology to mature, and it has.” To enable pilots to maintain their situational awareness, the product has multiple features such as cameras and radars, he said. The system also has light detection and ranging. By combining sensors, a pilot is able to see a more accurate picture of the surrounding environment. Additionally, there are different versions of the system with varying amounts of sensors, he noted.  Sierra Nevada can take data from multiple sensors and fuse the imagery onto a screen, he said. “A camera can do so much,” he said. “But then a lidar can actually paint the landing area and give a lot of detail about the surface.” The military has often had to fly in challenging operating environments, he noted. In the Middle East, pilots would often experience “brown out,” which occurs when visibility is impacted by dust and sand which has resulted in crashes, he said. “When we got embroiled in the wars in Iraq and Afghanistan, it was a significant thing,” he said. “We actually had more losses in the more recent years when it wasn’t direct combat operations. We have more losses annually due to flying into planet Earth unintentionally than we do from enemy fire.” The degraded visual environment pilotage system is likely to be used in Army Chinooks and Black Hawks, and any aircraft with lifting capacity, he noted. “These are aircraft that have to land and take-off ... in all environments,” he said. “This is where it’s most likely to be used initially … and hopefully all aircraft will be outfitted with this technology eventually.” https://www.nationaldefensemagazine.org/articles/2020/8/14/new-tool-developed-to-improve-pilot-visibility

  • Roketsan chief says Tunisia interested in guided bombs for UAVs

    22 octobre 2020 | International, C4ISR

    Roketsan chief says Tunisia interested in guided bombs for UAVs

    Lale Sariibrahimoglu Tunisia and Indonesia are both interested in acquiring Roketsan guided munitions for their future unmanned aerial vehicles (UAVs), according to Murat İkinci, the Turkish company’s general manager. “Countries like Indonesia and Tunisia, which are in search of unmanned aerial vehicles, have a high demand for the procurement of mini smart munitions MAM-L and MAM-C, the main weapon systems mounted on the Turkish UAVs,” İkinci said in an interview with state-owned Anadolu Agency (AA) on 18 October. It was reported earlier this year that Tunisia had ordered six Anka-S systemsfrom Turkish Aerospace Industries (TAI), each with two UAVs. However, Africa Intelligence reported in September that the contract had been cancelled as Tunis could not find the funds. The Anka-S is the version of TAI’s Anka family that has a satellite communications capability for beyond-line-of-sight operations. Roketsan’s MAM-L and smaller MAM-C laser-guided bombs have been integrated with the Anka. These weapons have proved effective when used with the Bayraktar TB2, a smaller Turkish-made UAV, in Syria and Libya earlier this year. “Their usage in recent fights have changed the course of the operations in Turkey’s favour,” İkinci noted. https://www.janes.com/defence-news/news-detail/rokestan-chief-says-tunisia-interested-in-guided-bombs-for-uavs

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