25 août 2021 | International, Aérospatial

What Is Going On With Midmarket Aerospace Mergers and Acquisitions? | Aviation Week Network

A flurry of headlines makes it seem the middle of the A&D industry is going to dwindle to just a few companies.


Sur le même sujet

  • Taiwan to buy $1.4bn of new fighter jets, likely F-16s produced in South Carolina
  • US clears weapon sales for Saudi Arabia, Lebanon, Croatia, Canada, Brazil and South Korea

    2 décembre 2020 | International, Terrestre

    US clears weapon sales for Saudi Arabia, Lebanon, Croatia, Canada, Brazil and South Korea

    By: Aaron Mehta WASHINGTON — The U.S. State Department on Tuesday cleared six Foreign Military Sales cases, potentially worth a combined total of $1.55 billion. The six cases, spread across South Korea, Saudi Arabia, Brazil, Croatia, Lebanon and Canada, were announced on the website of the Defense Security Cooperation Agency. DSCA announcements mean that the State Department has decided the potential FMS cases meet its standards, but this does not guarantee the sales will happen in their announced forms. Once approved by Congress, the foreign customer begins to negotiate on price and quantity, both of which can change during the final negotiations. Here are the details on each case: Croatia: The largest dollar value of the announced FMS cases comes from Croatia, which seeks to spend $757 million on refurbishing its 76 M2A2 Bradley Infantry Fighting Vehicles. The NATO ally operates older models dating to Operation Desert Storm, and is looking to upgrade capabilities. In addition to maintenance, upgraded radios, armor and simulators, the package includes 84 M240 machine guns, 1,103 TOW 2A radio frequency missiles, 100 TOW 2B radio frequency missiles and 500 TOW bunker buster radio frequency missiles. Work will primarily be done by BAE Systems’ York, Pennsylvania, facility as well as Raytheon Missile Systems in Tucson, Arizona. Canada: America’s northern neighbor wants to upgrade its fleet of five C-17 transport aircraft to the tune of $275 million. The package includes “aircraft hardware and software modification and support; software delivery and support; ground handling equipment; component, parts and accessories; GPS receivers; alternative mission equipment; publications and technical documentation; contractor logistics support and Globemaster III Sustainment Program (G3) participation; other U.S. Government and contractor engineering, technical, and logistical support services; and related elements of program and logistical support,” according to the DSCA announcement. Boeing would perform the work. Saudi Arabia: The most unique of the six cases, the Saudi request involved $350 million in support services for five years, covered through the U.S. Military Training Mission to Saudi Arabia, or USMTM, located in Riyadh — an office of roughly 330 service members and U.S. contractors who help train the Saudi military. Services included in the package are “pay and allowances for U.S. Military, U.S. Government, and Foreign National staff members; USMTM communications support costs; local contracting costs; construction and renovation costs of housing area; transportation costs; U.S. Mail services support costs; dependent education (grades K through 12); administrative costs; temporary duty costs for USMTM personnel; Value Added Taxes (VAT) assessed by Saudi Arabia; and future transition costs to move USMTM” to a proposed new housing location in Saudi Arabia, per DSCA. Brazil: The government in Brazil wants to spend $70 million on 22 MK 54 conversion kits, which would convert existing MK 46 Mod 5 A(S) torpedoes to MK 54 Mod 0 lightweight torpedoes. Those would be equipped on the country’s fleet of Sikorsky S-70B Seahawk helicopters and its surface ships. Work would be performed at Raytheon Integrated Defense System’s Portsmouth, Rhode Island, facility. Lebanon: The country seeks to spend $55.5 million to procure 300 M1152 High Mobility Multipurpose Wheeled Vehicles in two tranches of 150 each. Beirut currently operates more than 1,000 HMMWVs of various designs, according to the DSCA, which are primarily used to “counter violent extremist organizations and to secure its border.” The primary contractor would be American General, with work happening in its South Bend, Indiana, facility. This is the first FMS case cleared for Lebanon since the start of the Trump administration. South Korea: A frequent customer of U.S. weapons, South Korea now seeks to purchase two MK 15 MOD 25 Phalanx Close-In Weapons System Block 1B Baseline 2 systems for $39 million. This anti-missile defense weapon for ships would come along with training and 4,000 rounds. According to DSCA, Seoul plans to use the systems aboard its first KDX III Batch II-class ship “to provide it with effective means of detecting and defending itself against incoming airborne threats.” The primary contractor is Raytheon, with work to be done at its be Louisville, Kentucky, location. All told, the six notifications mean the Trump administration has cleared 23 FMS cases since Oct. 1, the start of fiscal 2021, with an estimated price tag of $58.75 billion. However, that number is inflated by the inclusion of two pre-cleared cases for Finland’s fighter competition; while Finland may pick either the F-35 (for $12.5 billion) or the F/A-18 (for $14.7 billion), it would only select one, and may still choose a European bidder instead. https://www.defensenews.com/global/mideast-africa/2020/12/01/us-clears-weapon-sales-for-saudi-arabia-lebanon-croatia-canada-brazil-and-south-korea

  • Cubic Signs Agreement with US Special Operations for Intelligence, Surveillance and Reconnaissance R and D

    28 février 2020 | International, Aérospatial

    Cubic Signs Agreement with US Special Operations for Intelligence, Surveillance and Reconnaissance R and D

    February 27, 2020 - Cubic Corporation (NYSE: CUB) today announced that its Cubic Mission Solutions business division signed a cooperative research and development agreement (CRADA) with Special Operations Forces Acquisition, Technology and Logistics (SOF AT&L) to work on research and development (R&D) for cutting-edge airborne payload technologies for use within the Department of Defense. The effort will primarily be performed by ISR Systems, a wholly owned subsidiary of Cubic Corporation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200227005246/en/ “We are pleased to join forces with SOF AT&L to support its mission in developing advanced and innovative technologies in support of global special operations,” said Jerry Madigan, president of ISR Systems, Cubic Mission Solutions. “The CRADA agreement offers a great framework for Cubic’s autonomous systems team to collaborate and to share information.” Cubic delivers a low risk, robust Unmanned Aircraft System (UAS) ISR platform with a highly expeditionary footprint to satisfy and enhance any ISR mission. Cubic’s ISR-ONE offers a unique blend of high capability and performance, delivered within a Group III UAS platform. About Cubic Corporation Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com or on Twitter @CubicCorp. View source version on businesswire.com: https://www.businesswire.com/news/home/20200227005246/en/

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