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  10 février 2024 | International, Aérospatial

  Space Force may launch GPS demonstration satellites to test new tech

  The service is also conducting market research to refine its concept for a constellation of GPS demonstration satellites.

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  9 janvier 2019 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

  US government shutdown creating angst for defense contractors

  By: Valerie Insinna WASHINGTON — As the U.S. government shutdown continues into its 18th day, defense firms and industry advocates are beginning to worry that the pause in business could eat into companies' cash flow. The Defense Department is funded for fiscal 2019, with Congress having passed a spending bill for the new fiscal year in September. That means work on the military's weapons programs continue apace, but many defense companies also hold contracts with agencies that are not currently funded, like the Department of Homeland Security — which includes the Coast Guard as well as Customs and Border Protection — and NASA. The Aerospace Industries Association, a lobbying group that represents defense and commercial aviation companies, warned that impacts to the aerospace sector extend beyond the 800,000 federal workers who are furloughed or working without pay. For example, weapons sales and transfers to U.S. allies and partners are stalled as a result of the closure of the departments of State and Commerce, AIA said in a Jan. 8 statement. Research projects at NASA, the Federal Aviation Administration, and National Oceanic and Atmospheric Administration are suspended, “setting back development of game changing technologies.” And meetings between the government and industry have been canceled or delayed. “Every day the shutdown lasts, the impacts grow and become more difficult and more expensive to fix,” said AIA President and CEO Eric Fanning. “It's time to get these dedicated public servants back to work.” Tony Moraco, the CEO of government service and information technology firm SAIC, told investors Jan. 7 that the effects of the shutdown are expected to be short term and primarily affecting accounts with NASA, the FAA and the U.S. Department of Agriculture. Moraco characterized the effect on SAIC and Engility — the latter of which is set to merge with the former this year — as a “modest impact on revenues and potentially cash collection, which we think we can recover — mostly — if this is resolved in the near term.” But SAIC Chief Financial Officer Charlie Mathis said the government is already behind on payments to the two companies by about $40 million to $50 million. “If we get through this quickly, they could catch up,” he said, but the shutdown would have to be resolved within a week for the companies to hit their cash-flow goals for their fiscal year ending Jan. 31. Furthermore, the companies are seeing a hit of about $10 million per week in revenue as the shutdown progresses, and “if it continues, that number could increase,” Mathis said. The probability of an extended shutdown seems to be rising. The government shutdown started Dec. 22 amid disagreements between President Donald Trump and Congress over funding for a border wall that would separate the United States and Mexico. But with Democrats now controlling the House of Representatives, a deal on funding for the wall may take weeks and could propel this shutdown past the 21-day mark of the 1995 shutdown, currently the longest on the books, according to CNN. Defense contractors will eventually get paid back for work accomplished while the government was shut down, but there could be long-standing consequences. If the shutdown persists for a protracted amount of time, there could be repercussions for the federal government's recruiting pipeline, as well as the balance of federal employees and contractors, said Byron Callan, an analyst for Capital Alpha Partners. “How will this shutdown impact the ability of federal agencies impacted by the shut-down to recruit and retain skilled individuals?” he wrote in an emailed analysis of SAIC's investor meeting. “There might be near-term collateral damage if people leave government service, but a 1-3 year factor to consider is how this shutdown and the potential for future ones accelerates reliance on federal service contractors.” https://www.defensenews.com/industry/2019/01/08/us-government-shutdown-creating-angst-for-defense-contractors

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  27 janvier 2021 | International, Naval

  Saab Signs Two Contracts for Next Generation Corvettes for Sweden

  January 25, 2021 - Saab and the Swedish Defence Materiel Administration, (FMV), have signed two agreements concerning the next generation of surface ships and corvettes. A Product Definition Phase for the Mid-Life Upgrades (MLU) of five Visby-class corvettes, as well as a Product Definition Phase for the next generation; Visby Generation 2 corvettes. The collected value of the contracts is 190 MSEK. The contracts include requirements' analysis and are respectively the start of the modification work of the five corvettes and the acquisition of the Visby Generation 2. “The contract is a major step forward for Sweden's surface combat capability, with the upgrade of current corvettes and the creation of the next generation vessels. The Visby corvettes have been pioneers for 20 years, and after Mid-Life Upgrades they will be well equipped for future assignments. The experience and knowledge that the Visby class has gathered over the years will feed into the development of Visby Generation 2,” said Lars Tossman, Head of Business Area Kockums. The Visby Generation 2 is a development of Visby-class version 5 and will be equipped with a modern anti-ship missile system, torpedo system and air defence missile system. The first Visby-class corvette was launched on June 8, 2000 and today five corvettes are in operational service. The product definition phase regarding Mid-Life Upgrades, aims to make the five ships in the class operationally relevant beyond 2040. In addition to modifying the ships' existing systems, an air defence missile system will be added as a new capability. The RBS15 anti-ship missile system will be upgraded to the latest version as well as will the torpedo system with the new Saab Lightweight Torpedo. For further information, please contact: Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com www.saab.com 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. View source version on Saab: https://www.saab.com/newsroom/press-releases/2021/saab-signs-two-contracts-for-next-generation-corvettes-for-sweden