16 août 2023 | International, Terrestre
Elbit Systems Partner, Hanwha, was Selected for the Australian Land 400 Phase 3 Project
Elbit Systems is a key partner to Hanwa to deliver the Redback Infantry Fighting Vehicle (IFV) under the Project.
8 avril 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
U.S. Small Businesses May Get More COVID-19 Emergency Funding
Sean Broderick
WASHINGTON—The Trump Administration has asked Congress for an additional $250 billion in small-business payroll loan funding, providing more cash to the coronavirus pandemic emergency funding program that many small aerospace suppliers are expected to tap.
U.S. Treasury Secretary Steve Mnuchin tweeted the news April 7, confirming that, “at the direction of President Trump,” he has asked Democrat and Republican leaders in both the House of Representatives and Senate for more Paycheck Protection Program (PPP) funding “to make sure small businesses get the money they need!”
The PPP, part of the March 27 Coronavirus Aid, Relief, and Economic Security (CARES) Act, was set up to quickly get funds to eligible businesses to cover eight weeks of payroll costs as well as most rent, utility and mortgage-interest expenses. Companies can apply for a one-time PPP loan of up to 2.5 times their average monthly 2019 payroll, up to a maximum $10 million. So long as 75% of the funds are used for payroll costs, the loans do not have to be repaid, making them de facto grants.
The CARES Act allocates $349 billion to the program, but early popularly suggests that more funding may be needed to meet demand. The Small Business Administration (SBA) processed more than $70 billion in loans in PPP's first three days after the program opened April 3, though it did not say how much of that has been funded. Some 250,000 small businesses, out of an estimated 30 million, have applied for PPP funds.
Mnuchin said he has spoken with Congressional leaders and is confident that he has bipartisan buy-in.
“We look forward to the Senate passing that on [April 9], and the House passing that on [April 10]” Mnuchin told reporters during an April 7 media briefing.
Additional funding could be approved quickly. Senate Majority Leader Mitch McConnell (R-Kentucky) said in a statement that he would work with Mnuchin and fellow Senate leaders to approve further funding within days. House Democrats are already working on a larger bill, which leader Nancy Pelosi calls CARES 2, that includes more PPP funding.
PPP loan applications, submitted through the SBA Small Business Administration (SBA) and funded by participating lenders, began rushing in as soon as the program opened April 3. SBA Mnuchin said April 7 that more than 3,000 lenders are onboard, with additional institutions expected to participate. The program experienced some early hiccups, due in part to its scale and how quickly it has come together. CARES became law on March 27, and interim rules on how PPP would work were issued late April 2, just hours before applications were set to start.
The PPP's broad applicability, lack of requirements for guarantees or other collateral, and de facto grant properties—the loans become forgivable if guidance is followed—have made it a catch-all for many small businesses. The general SBA limit for a small business is 500 employees, but it is based on staff or revenue limits set in the North American Industry Classification System. Many aviation businesses, aircraft and engine parts makers and maintenance providers, have limits above 500 employees. The PPP's potential reach and theoretically streamlined application and fulfillment times mean industry trade associations that represent smaller businesses are urging their members to examine PPP loans.
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20 juillet 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
DoD Needs Supply Chain Strategy To Survive Future Crises: Roper
"We were in a very frenzied state," Air Force acquisition head Will Roper says of DoD efforts to stave off the collapse of key suppliers during the early weeks of the coronavirus crisis. By THERESA HITCHENSon July 17, 2020 at 4:38 PM WASHINGTON: Air Force acquisition head Will Roper says DoD needs to develop a new supply chain strategy that incentivizes industry to build a more diverse, responsive and resilient supply chain. “What I hope sticks on the other side of COVID-19 is a strategic focus on the supply chain,” he told a webinar co-sponsored by Government Matters and the Farnborough International Association today, on the even of the virtual air show. “Government has to have a strategy. We have to explain to industry what we consider good supply chain management practices to be, and not to be. And we need to write that in plain English, which the government has a tough time doing frequently.” That strategy also has to be followed up with incentives for industry to do the right thing, he said. “We have to put our money where our mouth is,” Roper said. For example, he said, it should include incentivizing contractors, big and small, to use digital manufacturing technologies that allow companies to quickly pivot to different missions in times of need. “That's a strategic capability for the nation. We need to encourage that,” he said. Roper noted that the Air Force is attempting to do just that with its centerpiece Advanced Battle Management Program (ABMS), being designed as a technology foundation for running future all-domain wars via the Joint All-Domain Command and Control System (JADC2). “We've got a pretty cool program called the Advanced Battle Management System. It's not a cool name — it's kind of like Castle Anthrax in Monty Python: ‘it's not a good name but it's the one we've got',” he joked. “That's a program where adaptability is king.” He explained that the service is working with industry to both explain, and reward, technology initiatives that will give operators the ability to rapidly upgrade or switch out old capabilities for new ones. As Breaking D readers knows, ABMS is attempting to iterate technologies developed under the program on a four-month cycle. Roper said the first three weeks of the COVID-19 crisis threw DoD into a maelstrom as acquisition authorities tried to cope with the potential of supplier collapse. “We were in a very frenzied state,” he said. The Air Force is the executive agent for all DoD use of Defense Production Act Title III contracts to support industry suffering from the coronavirus pandemic. However, the Defense Industrial Base Sector Coordinating Council under the Office of the Secretary of Defense (OSD) actually chooses which companies to support based on service requests — including for the Air Force. While Roper sees ongoing problems from COVID-19 impacts on suppliers, especially small firms for whom cash-flow is highly important, he said that the Air Force and DoD are in a much better place now to handle them as they arise. “I don't think we'll see something as frenzied as what we went through during the first three weeks of COVID,” he said. “I think if this continues in future, we will have to take aggressive actions when there are hotspots that fire up in the country. Smaller companies are always going to be at risk by a few number of COVID-19 cases — they're going to have to shut down their facilities, they're going to have to clean, they're gonna have to be work force quarantining — and for companies of that size, having cash on hand to make payroll, to make invoicing, is critically important. Cash flow and liquidity is everything during a crisis. But we're more ready for that.” This is in part because leaders have a better grasp on what companies are likely to be at risk, Roper explained. “Now, we know who those critical suppliers are we have insight into our supply chain that we have ever had,” he said. For example, the small launch industry is one sector that Roper continues to keep a close eye on. “Small launch is still a big need for our industrial base for the Space Force and we want to try to try to do whatever we can to keep that market healthy,” he told reporters on July 14. Roper expressed some disappointment about OSD's July 1 decision to rescind a June-announced award of $116 million for six small launch companies: Aevum, Astra, X-Bow, Rocket Lab, Space Vector and VOX Space. He explained that OSD determined there “were some additional small business needs” that came up, because the small launch package was one of the last DPA approved actions, it was “the first to be put back in the batter's box.” “My hope is that whenever there's new Title III funding, or when resources free up due to other efforts not executing as planned, that those are the first to go back into the hopper. If I were asked today to put in one new Title III initiative, it's small launch,” he added. As Paul reported, Pentagon acquisition chief Ellen Lord on June 22 said she is seeking approval for a funding package request in the “lower double digit billions” from the White House to cover COVID-19 related costs, including paying for industry claims of supply chain and workforce reductions. And a group of CEOs from major defense primes, in a letter obtained by Breaking D, are asking for DoD help in seeking yet more COVID-19 stimulus funds from Congress. https://breakingdefense.com/2020/07/dod-needs-supply-chain-strategy-to-survive-future-crises-roper
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10 décembre 2020 | International, Aérospatial
Airbus prepares for ‘Eurodrone’ contract signing in early 2021
By: Vivienne Machi   STUTTGART, Germany — The cogs are churning for the four-nation Eurodrone unmanned aerial system program, with a development contract approved last month and formal contract signing expected early next year, an Airbus official said Dec. 9. Speaking at the company's annual trade media briefing, Airbus' Unmanned Aerial Systems director Jana Rosenmann shared that the company reached an agreement Nov. 19 with the Organisation for Joint Armament Cooperation (OCCAR) to develop the next-generation medium-altitude, low-endurance drone. OCCAR is managing the Eurodrone program on behalf of the four European partners: Germany, France, Spain and Italy. The program's industrial team, composed of lead contractor Airbus Germany, along with Dassault Aviation and Leonardo, submitted a bid for the program in June. Since then, the companies have been involved in “very interesting and very lively discussions” with OCCAR, Rosenmann said during the briefing, which was held virtually. “I believe that what we have now, today on the table, is a fair and reasonable offer for both sides, both for the customer, as well as for industry,” she said. While a formal contract signing is expected in nearly 2021, the industry teams will now prepare for the Eurodrone program's ramp-up, to include filling 7,000 new technical positions around the continent. Rosenmann also revealed that the Eurodrone's final assembly will take place at Airbus' hub in Manching, Germany. “We will only have a single final assembly line,” she said. “This is for efficiency purposes, and clearly also for cost reasons for our customers.” Certain elements may be manufactured elsewhere, and then transferred to Manching for final assembly and ground testing. The delivery center will also be located in Manching, she noted. The aircraft fuselage will be fully integrated and assembled in Spain, before being transferred to Germany, Rosenmann added. Meanwhile, questions remain on who will supply Eurodrone's 120 total engines. “As we are in a competitive process at the moment, we're not at liberty to reveal any further details,” Rosenmann said. The COVID-19 pandemic caused significant disruption to industries around the world, and Airbus was not exempt, Rosenmann noted. But the UAS division began to pick up steam once again at the end of calendar year 2020, and is eager to maintain momentum on its portfolio of programs, including Eurodrone, she said. While the company awaits the formal contract signing, Airbus anticipates Eurodrone's first flight in 2025, and deliveries to begin in 2028, per Rosenmann. The current contract provides for 20 Eurodrone systems, each of which will include three aircraft for a total of 60 twin-engine air platforms. Currently, Germany as the program's lead nation is on contract for seven systems, while Italy has committed to five systems. Spain and France are each targeting four Eurodrone systems. https://www.defensenews.com/global/europe/2020/12/09/airbus-prepares-for-eurodrone-contract-signing-in-early-2021