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Category: Investment Security

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NATO Awards Contracts on Platform Concept Studies for Next-Generation Helicopters; Stacy Cummings Quoted

The NATO Support and Procurement Agency has awarded separate contracts to three teams led by Airbus Helicopters, Lockheed Martin Sikorsky and Leonardo to undertake a concept study on the design and execution of the Next Generation Rotorcraft Capability program. NGRC is geared to replace the military alliance’s helicopters by the mid-2030s. NSPA said in a...

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Leonardo Exec Sees MBDA-Style Consolidation for Europe’s Defense Industry

Leonardo co-general Manager Lorenzo Mariani said significant consolidation among European defense companies in the future will lead to a healthier defense sector in the region. In an interview with Breaking Defense published on Thursday, Mariani discussed how consolidation differs from the mergers and acquisitions practice in the United States and how it is more similar...

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FDH Aero Joins South Korea in Space Exploration Efforts; Cody Ho Quoted

Commerce, California-based FDH Aero said it has entered into a memorandum of understanding with the city of Sacheon in South Korea to jointly support the country’s space exploration goals established under the Korea AeroSpace Administration. Launched in May, the Sacheon-based KASA aims to accomplish moon and Mars landings in the next two decades and develop...

Amr Hussein
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Lockheed Martin Boosts Global Supply Chain With Radar Parts From Spain; Amr Hussein Quoted

Lockheed Martin has ordered AN/SPY-7(V)2 radar parts from three Spanish companies – Indra, Escribano Mechanical and Engineering and Integral de Conexión y Montajes – to enhance the global supply chain for the F-110 frigate it is building for Spain’s naval forces. Amr Hussein, Lockheed Martin vice president and general manager of multi-domain combat solutions, said...

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Collins Aerospace to Invest $250M in New Singapore Manufacturing Facility; Henry Brooks Quoted

Collins Aerospace will build a new $250 million manufacturing facility in Singapore. “This new facility will be a hub of innovation, leveraging cutting-edge technology to support aerospace components’ design, development and production,” Henry Brooks, president of Power & Controls at Collins Aerospace, said Wednesday. Construction of the new factory at Seletar Aerospace Park will begin...

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General Atomics Schedules First Blue Magic Netherlands Conference in November; Brad Lunn Quoted

General Atomics Aeronautical Systems Inc. will hold its first Blue Magic Netherlands event in Eindhoven on Nov. 19. The conference will provide Dutch startups with partnership and funding opportunities to support their efforts to develop advanced dual-use technologies, GA-ASI said. During BMN, the aerospace company and its partners, which include Brainport Development Eindhoven, Lockheed Martin...

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Accenture Expands SAP, Supply Chain Offerings With Camelot Management Acquisition

Accenture has expanded its SAP and supply chain capabilities with the acquisition of Camelot Management Consultants, a SAP-focused management and technology consulting firm based in Germany. In a press release on Monday, the global professional services firm said customers will benefit from Camelot’s analytics, data strategy and modernization expertise at a time when more organizations...

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Hensoldt Creates Multi-Domain Solutions Unit Under New Operational Setup; Oliver Dorre Quoted

Germany-based defense contractor Hensoldt has announced an organizational streamlining, which calls for establishing a multi-domain solutions division integrating the capabilities of its newly acquired company, system integrator ESG Elektroniksystem- und Logistik. The company completed the ESG transaction in April. The new division will merge ESG with Hensoldt’s spectrum dominance and airborne solutions divisions to serve...

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Collins Aerospace Marks Milestone in Europe’s Sustainable Aircraft Program HECATE

The European Union’s Clean Aviation HECATE program has reached a new milestone after completing its preliminary design review for the electric aircraft, Collins Aerospace announced on Monday. Collins is one of the aerospace industry leaders working on HECATE, short for Hybrid Electric Regional Aircraft Distribution Technologies. The RTX business leads the project’s steering committee, while...

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UK-Japan-Italy Partnership Unveils Concept Model of Next-Generation Combat Aircraft; Herman Claesen Quoted

BAE Systems has unveiled a new concept model of its next-generation combat aircraft under the Global Combat Air Program at the Farnborough International Airshow. The new aircraft, which the U.K. contractor developed with Japan’s Mitsubishi Heavy Industries and Leonardo of Italy, features a larger wingspan than previous concepts for enhanced aerodynamics, a more intelligent weapons...