22 juin 2023 | International, Aérospatial

Why GE plan to make fighter jet engines in India is a big deal

The aerospace unit of General Electric on Thursday announced it had signed an agreement with India's state-owned Hindustan Aeronautics to jointly make engines in India to power fighter jets for the Indian Air Force.

https://www.reuters.com/business/aerospace-defense/why-ge-plan-make-fighter-jet-engines-india-is-big-deal-2023-06-22/

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  • Lockheed Martin May Go Shopping if Defense Budgets Fall Next Year

    22 juillet 2020 | International, Aérospatial

    Lockheed Martin May Go Shopping if Defense Budgets Fall Next Year

    July 21, 2020 | By John A. Tirpak If defense spending goes down in the coming year—expected because of large COVID-19 bailout packages—it could be an opportunity for Lockheed Martin, company President and Chief Executive Officer James D. Taiclet said July 21. In a second-quarter results call with investors and financial reporters, Taiclet—in his first such call after succeeding Marillyn A. Hewson in the job—said the company isn't betting on defense budgets to go up or down. But Lockheed is sitting on so much cash—nearly $8 billion—it could go shopping for other companies in distress if budgets fall, he said. “If there is a downturn, we're going to look for silver linings that may be there,” Taiclet said. Given the company's strong backlog and balance sheet, “there could be opportunities for us to act in a period where asset prices are depressed, for things we may want to bring into the company.” Acquisition targets “we really wanted ... might be even more available at attractive prices.” He did not discuss large possible acquisition interests, and only broadly mentioned looking at small companies able to build Lockheed's vertical integration in some technology areas. Taiclet declined to speculate on whether budgets will rise or fall. “We're just getting the company ready for either scenario, frankly,” he said. “If it's stable or slightly rising, ... we know how to handle that. But if it's declining, we're planning for that, too.” In case of a downturn, he's asked business area managers to do “a ‘Red Team' kind of exercise ... We would offer our customers ... ‘this is what we think you should do with our products and programs for extending'” the life of existing platforms. With a $150 billion backlog in hand, though—a new company “high water mark,” Taiclet said—“it's going to be two to three years” before any defense budget cuts “actually go into the defense industrial base production lines, so we have time to work with the customer ... They can have their contingency plan and we're behind them 100 percent.” Taiclet said international customers may also see budget declines, but doesn't expect Lockheed to be hit hard by that. While some requests for proposals are “moving to the right,” the planned in-service dates of prospective customers are not, he noted. Taiclet and Kenneth R. Possenriede, vice president and chief financial officer, said the company expects 90 total new F-16 orders from Taiwan and another country; C-130s for Indonesia; Aegis systems for Japan; and MH-60R helicopters for India, as well as increasing orders for missile defense systems. They also said the chief competitors to the U.S. are spending lavishly on defense systems and the threat is not diminishing, despite COVID. China is “aggressive and ... aspirational,” Taiclet said, while Russia is “back in the game,” making strategic investments in long-range systems to make up for its diminished ground forces. Production of the F-35, Lockheed's marquee aeronautics program, will likely be 40 percent for foreign users in the coming years, Possenriede said. Of the aeronautics division's $9 billion in orders, $7 billion is accounted for by the F-35, with a backlog of 411 airplanes. Taiclet noted that Lockhed has hired 9,000 new employees since the COVID-19 pandemic began, and is seeking to hire 3,000 more in this calendar year. https://www.airforcemag.com/lockheed-martin-may-go-shopping-if-defense-budgets-fall-next-year

  • Deux candidats encore en lice pour l'achat de la défense sol-air

    26 mars 2019 | International, Aérospatial, Terrestre

    Deux candidats encore en lice pour l'achat de la défense sol-air

    Berne (awp/ats) - Deux systèmes de défense sol-air de longue portée sont encore dans la course pour le renouvellement de la défense de l'armée suisse. Le consortium français Eurosam et la société américaine Raytheon ont transmis leurs offres. Israël a renoncé. La soumission de cette première offre marque le début de la phase d'analyse et d'essais, a indiqué armasuisse lundi. Un deuxième appel d'offres aura lieu dans le courant de l'hiver prochain. Des spécialistes du Département fédéral de la défense vont analyser les offres des fabricants en évaluant l'efficacité des différents systèmes et en testant la performance du radar. Aucun essai de tir ne sera effectué. Ces analyses donneront lieu à des rapports individuels. Les candidats ne seront comparés qu'ensuite. Suivra un deuxième appel d'offres. Le Conseil fédéral tranchera. La surface à couvrir par la défense sol-air doit être de 15'000 km2 au moins. Le système doit atteindre une altitude d'engagement de plus de 12'000 m et une portée supérieure à 50 km. Il n'est pas nécessaire de disposer d'une capacité de défense contre des missiles balistiques. Le renouvellement des moyens de défense sol-air de longue portée fait partie du programme d'achat de la nouvelle flotte d'avions de combat de l'armée suisse. La facture totale se monte à 8 milliards de francs suisses. Cinq appareils sont évalués pour remplacer les Tiger et les F/A-18 de l'armée: le Gripen E suédois (Saab), le Rafale français (Dassault), l'européen Eurofighter (Airbus), ainsi que les américains Super Hornet de Boeing et le F-35A de Lockheed-Martin. https://www.zonebourse.com/SAAB-6491624/actualite/Deux-candidats-encore-en-lice-pour-l-achat-de-la-defense-sol-air-28231928/

  • BAE Systems completes $1.9 billion acquisition of Raytheon’s military GPS business

    3 août 2020 | International, C4ISR

    BAE Systems completes $1.9 billion acquisition of Raytheon’s military GPS business

    Nathan Strout WASHINGTON — BAE Systems has completed its $1.9 billion purchase of Collins Aerospace's military GPS business from Raytheon Technologies Corporation, BAE announced July 31. “Today marks the culmination of a tremendous team effort, and we are extremely proud to welcome the Military GPS employees to our company,” said John Watkins, vice president and general manager of precision strike and sensing solutions at BAE. “Together, we will build on our rich histories of providing superior, innovative capabilities to help protect our U.S. and allied warfighters.” The acquisition follows the merger of defense contracting giants United Technologies Corp. and Raytheon into Raytheon Technologies Corporation in June. The U.S. Department of Justice had approved that merger in March, but only on the condition the companies divest UTC's military GPS and large space-based optical systems businesses, as well as Raytheon's military airborne radios business. The two companies had already struck a deal with BAE in January, which saw BAE purchasing Collins Aerospace's military GPS business from UTC for $1.9 billion and Raytheon's airborne tactical radio business for $275 million. The military GPS business includes a workforce of 700 employees that design and build advanced, hardened, secure GPS products, including devices that can utilize M-Code, a more secure U.S. military GPS signal. The business boasts more than 1.5 million GPS devices installed on more than 280 weapons systems. “This partnership will enable us to build on our market leadership and bring new discriminating capabilities to our customers, including the U.S. Department of Defense and its allies,” said Greg Wild, director of military GPS. “We're excited to be joining the BAE Systems family. They appreciate our legacy of innovation and will provide opportunities for continued business growth and success.” https://www.c4isrnet.com/industry/2020/07/31/bae-systems-completes-19-billion-acquisition-of-raytheons-military-gps-business/

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