29 juin 2023 | International, Aérospatial

US State Dept approves sale of F-35 aircraft to Czech Republic

The U.S. State Department has approved the sale of F-35 fighter jets, munitions and related equipment to the Czech Republic in a deal valued at up to $5.62 billion, the Pentagon said on Thursday.

https://www.reuters.com/world/us/us-state-department-oks-possible-sale-f-35-aircraft-czech-republic-2023-06-29/

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  • Pentagon maps out defense space strategy

    22 juin 2020 | International, Aérospatial

    Pentagon maps out defense space strategy

    By Ed Adamczyk June 19 (UPI) -- The Pentagon's strategy for defense in space treats the environment as a warfighting domain, a Defense Department report says. The Defense Space Strategy calls for maintenance of space superiority, support to national, joint and combined operations on earth,and assurance of space stability, the Pentagon said this week. The report identified what officials call four priority lines of effort: building a comprehensive military advantage in space; integration of power in space into the military; shaping the strategic environment; and cooperation with allies, partners, and other U.S. government departments and agencies. The 18-page unclassified section of the report was released on Wednesday. "China and Russia have weaponized space and turned it into a war-fighting domain," Deputy Assistant Secretary of Defense for Space Policy Stephen Kitay told reporters on Wednesday. "Their actions pose the greatest strategic threat with ongoing development, testing and deployment of counter-space systems and the associated military doctrine designed to hold allied and U.S.space systems at risk." "The U.S. space enterprise was not built for the current strategic environment," Kitay added, noting that space has historically been regarded as a supporting domain for satellites to support other efforts, but not as a battleground. The U.S. Space Force, established as the sixth branch of the Armed Forces in 2019, is specifically designated as the country's space warfare service branch. It has previously noted Russia's direct ascent weapons and potential weapons to destroy satellites, as well as threats including electronic warfare, cyberattacks and ground-based lasers capable of blinding satellites. https://www.upi.com/Defense-News/2020/06/19/Pentagon-maps-out-defense-space-strategy/3191592594867/

  • Saab signs support agreement for GlobalEye

    17 juillet 2020 | International, Aérospatial

    Saab signs support agreement for GlobalEye

    July 16, 2020 - Saab has signed a support agreement with the United Arab Emirates regarding the advanced airborne early warning and control (AEW&C) solution GlobalEye. The agreement is valid between 2020 and 2022, with an order value of 144.9 MUSD. The agreement covers support and maintenance for the airborne surveillance system GlobalEye. The support and maintenance will be executed locally in the United Arab Emirates. For further information, please contact: Saab Press Centre, Ann Wolgers, Press Officer +46 (0)734 180 018, presscentre@saabgroup.com www.saabgroup.com www.saabgroup.com/YouTube Follow us on twitter: @saab Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs. The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on 16 July 2020 at 12:00 (CET). View source version on Saab: https://saabgroup.com/media/news-press/news/2020-07/saab-signs-support-agreement-for-globaleye/

  • Lockheed Martin to Acquire Aerojet Rocketdyne for $4.4 Billion

    21 décembre 2020 | International, Aérospatial

    Lockheed Martin to Acquire Aerojet Rocketdyne for $4.4 Billion

    By Will Wade and Max Zimmerman Lockheed Martin Corp. agreed to acquire the defense industry supplier Aerojet Rocketdyne Holdings Inc. in a deal valued at $4.4 billion. As part of the transaction, Aerojet declared a $5 per share special dividend, to be paid on March 24, to holders of record as of March 10. The payment of that special dividend will adjust the $56 per share consideration to be paid by Lockheed Martin, according to a statement Sunday. The shares surged in pre-market New York trading on Monday. At $51, Lockheed will be buying Aerojet at a 21% premium from the closing price on Friday. Chief Executive Officer Jim Taiclet, who stepped into the top job this year, has said he was keen to expand the world's largest defense contractor through acquisitions. With Aerojet, he's picking up a key U.S. supplier of propulsion systems for missiles, rockets and other space and defense applications. “Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defense industrial base,” Taiclet said in the statement. Lockheed has been scouting for deals. In January, the company said it was flush with cash and open to deals as rival Raytheon Co. prepared to combine with United Technologies Corp. to create an aerospace-and-defense powerhouse. Lockheed has been seeking opportunities to “bring in the technologies faster into the company that we think are going to be crucial for the future,” Taiclet said during its October earnings call. “So we plan to be active, but we also plan to be very, very prudent.” The Aerojet transaction is expected to close in the second half of 2021 after getting regulatory approvals and a nod from Aerojet's shareholders. Aerojet advanced to $54.44 Monday before markets opened in New York. That's up 29% from Friday's close, which gave the El Segundo, California-based company a market value of $3.25 billion. Lockheed was little changed from its Friday close, which valued the buyer at about $100 billion. At the end of last week, Aerojet's stock was trading at 25 times expected earnings, compared with 16 times for Lockheed. Aerojet's shares have fallen 7.9% this year and Lockheed dropped 8.6%, both underperforming the S&P 500 Index, which climbed 15%. Lockheed's space division is its third-largest business, contributing 18% of its 2019 revenue. The company competes with Elon Musk's SpaceX for U.S. government rocket launches through the United Launch Alliance, its joint venture with Boeing Co. Lockheed was advised by Goldman Sachs, Ardea Partners and Hogan Lovells, while Citigroup and Evercore, as well as Jenner & Block and Gibson, Dunn & Crutcher represented Aerojet. https://www.bloomberg.com/news/articles/2020-12-21/lockheed-martin-to-buy-defense-supplier-aerojet-for-4-4-billion

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