1 janvier 2024 | International, Aérospatial
New in 2024: F-35 program eyes key upgrade, delivery restart
The delays could have a cascading effect that hurts the Air Force’s ability to manage its units worldwide.
24 août 2018 | International, Aérospatial
Two French defense heavyweights scoop up Dolphin chip designer
By: Pierre Tran
PARIS — European missile company MBDA and microchip maker Soitec said Aug. 21 they are acquiring Dolphin Integration, a design firm for low-power chips which has fallen into receivership.
The two companies will buy through a joint venture the chip maker, which filed for insolvency July 24. Dolphin Integration has designed chips which are “indispensable” for certain highly classified sectors, including the French nuclear deterrent, a defense source said.
MBDA will acquire 40 percent, while Soitec will own 60 percent. MBDA and Soitec will pay a total of some €6 million (U.S. $7 million) to acquire most assets of Dolphin Integration, pay some of the liabilities and inject a significant amount of cash to meet working capital requirements, the companies said.
Further details of how the acquisition amount will be shared were not immediately available. All the business and staff will be kept on, but the sale price will not cover all amounts owed to creditors, Dolphin Integration said in an Aug. 21 statement.
MBDA is a strategic customer of Dolphin Integration for defense applications since 2004, the missile company said. The acquisition will strengthen its industrial collaboration and long-term commercial pipeline for application specific integrated circuit and system-on-chip products, the company added.
“With the support of MBDA, Dolphin Integration will be able to advance its positions in aerospace and defense design,” the missile company said.
Other key clients include Airbus Defence & Space, Safran and Thales, besides MBDA, the defense source said.
Soitec specializes in chips drawing on fully depleted silicon-on-insulator (FD-SOI) technology, running on low power and at high speed. The acquisition can be seen as an “offensive” move by securing a market upstream for FD-SOI, while MBDA takes a "defensive " step by protecting a strategic supplier, the defense source said.
Soitec played an active role in an industry group which lobbied the Elysée president's office to support a European Project of Common Interest, the source said. Such projects are backed by the European Commission for cross-border work on infrastructure and energy.
Soitec will seek to strengthen Dolphin Integration in the semiconductor market, to develop and promote products and services in strategic sectors such as mobile devices and infrastructure, data centers, and space and industrial applications, the chip specialist said.
Dolphin Integration had annual sales of €17 million for the year to March 31, 2018 and employs 155 staff, of which 130 are design engineers. The company is based in Grenoble.
MBDA's interest in semiconductors has sharpened since the U.S. blocked the sale of American chips for the Scalp cruise missile sought by Egypt to arm its fleet of Rafale fighter jets.
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15 novembre 2018 | International, Aérospatial
Lockheed Gets Interim Payment for First Multiyear F-35 Contract: Pentagon
By Reuters WASHINGTON — Lockheed Martin Corp has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday. The department said the deal would allow Lockheed to receive $6 billion in funding immediately, a move aimed at preventing major delays in production of the new stealthy fighter jets. This contract is the first to lock in multiyear commitments from U.S. allies as Lockheed anticipates that buying components in larger quantities will help move the price of the most common F-35 jet to below $80 million by 2020. The most common variation of the jet, the F-35 A, had a price of $89.2 million after the most recent round of contract negotiations announced in September. Lockheed is developing and building three models of the new warplanes for the U.S. military and 10 other countries that have signed up to buy the jets: Britain, Australia, Italy, Turkey, Norway, the Netherlands, Israel, Japan, South Korea and Belgium. The Pentagon's chief arms buyer, Ellen Lord, told Reuters on Tuesday that she expected to finalize the interim terms of the deal, known as an "undefinitized contract action" or UCA, with Lockheed, its No. 1 supplier, by the spring of next year. A Lockheed representative said: "This is a smart approach for the taxpayer, the warfighter and for industry." According to the Pentagon, Wednesday's agreement means that U.S. allies buy 149 jets over the three-year period. In the United States' one-year deal, it will buy the remaining 106 jets for delivery beginning in 2020. The U.S. government will continue to buy jets in annual contracts, but is also purchasing components for future-year jets and will also benefit from the economies of scale allowed under the multiyear contract. The three-year deal, known as the "block buy" among the United States and allies, has been said to be worth more than $37 billion and encompass a record 440 jets. Wednesday's contract agrees to a high-water mark of $22.7 billion for all of the 255 jets, but that dollar figure is expected to come down during the negotiations while the jet count is considered a minimum commitment. The interim payment authorized on Wednesday will be deducted from the total contract when the two sides reach a final agreement. The Pentagon is negotiating a separate contract with Pratt & Whitney, a unit of United Technologies Corp, for engines to power the jets. (Reporting by Mike Stone in Washington; Editing by Matthew Lewis) https://www.nytimes.com/reuters/2018/11/14/business/14reuters-usa-lockheed-pentagon.html
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2 octobre 2024 | International, C4ISR
Pentagon taps commercial vendors for low-cost, throwaway drones
Officials at the Defense Innovation Unit plan to hold a live flyoff demonstration as soon as December to evaluate the proposed systems.