US military grounds entire fleet of Osprey aircraft

Sur le même sujet

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  3 octobre 2022 | International, Naval

  Aselsan, Sefine team up again on uncrewed electronic warfare vessel

  The Marlin SIDA was developed by a partnership between Aselsan, Turkey's biggest defense company and Sefine, a privately owned shipyard.

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  7 décembre 2018 | International, Naval

  Greek government plans crowdfunding for new warships

  By: The Associated Press ATHENS, Greece — Greece's defense minister is appealing to his austerity-battered countryfolk for a crowdfunding effort to raise money for new warships, promising to donate part of his own salary. Panos Kammenos says he will open a bank account on Jan. 1 where members of the public can make donations “for new frigates and a flagship.” He addressed his appeal to Greece's wealthy shipowning industry, as well as ordinary Greeks. “I will be the first to deposit my salary in this effort,” he said, speaking to navy personnel on the occasion of Thursday's feast day of St. Nicholas, patron saint of Greek seamen and the navy. Kammenos said 2019 will see a general drive to upgrade the fleet, which faces strong competition from neighboring Turkey, a NATO ally and historic regional rival. https://www.navytimes.com/news/your-navy/2018/12/06/greek-government-plans-crowdfunding-for-new-warships

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  11 septembre 2018 | International, C4ISR

  SAIC to buy rival government services contractor Engility for $1.5 billion

  WASHINGTON (Reuters) - Science Applications International Corp (SAIC) (SAIC.N) said on Monday it will acquire Engility Holdings Inc (EGL.N) for $1.5 billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor. The acquisition is the latest example of how increased defense spending under President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from outdated computer systems to space exploration. Engility shareholders will receive $40.44 in SAIC stock for each of their shares, an 11.5 percent premium to Engility's closing price of $36.24 on Friday, the companies said. SAIC will assume $900 million in Engility debt, giving the deal a total value of about $2.5 billion. On completion of the deal early next year, SAIC's board will expand to 11 seats from nine, and SAIC shareholders will own about 72 percent of the combined company. Engility, based in Chantilly, Virginia, provides skilled personnel to the U.S. departments of defense, homeland security and justice, among others. The acquisition will boost SAIC's offerings to its space customers and expand its customer base in the intelligence community, SAIC Chief Executive Tony Moraco said in an interview. The increased U.S. defense budget and a two-year budget deal reached earlier this year that lifted caps on defense spending also emboldened SAIC to pursue the deal, Moraco added. Full article: https://www.reuters.com/article/us-engilityholdings-m-a-saic/saic-to-buy-rival-government-services-contractor-engility-for-1-5-billion-idUSKCN1LQ1CG