Rheinmetall has bared plans to acquire Loc Performance, a Plymouth, Michigan-based manufacturer of components for military and civilian vehicles, to strengthen the German arms producer’s U.S. market presence. The company said the acquisition price will be based on Loc Performance’s enterprise value of $950 million. According to Rheinmetall CEO Armin Papperger, the move, subject to...
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Tag: supply chain
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DLA Director Visits Europe, Highlights Capabilities Offered to Partners
Army Lt. Gen. Mark Simerly, director of the Defense Logistics Agency, highlighted the United States’s commitment to ensuring nations in Europe and Africa possess the necessary technologies to address conflicts in remarks during a visit to Europe that ended Wednesday. Simerly met with DLA Europe & Africa senior officials to discuss the teams’ unique logistics...
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Reducing Classification Barriers to US Space Programs Can Boost International Collaboration, SSC Official Says
Easing the classification of some U.S. military space programs and missions can help strengthen the international space supply chain, an effort that Space Systems Command is now working with U.K. and Canadian stakeholders, SSC spokesperson Edgar Nava told Defense News. Nava said SSC also expects to collaborate with other countries in creating the space supply...
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US Offers $450M Grant to Help SK hynix Build Memory Packaging Fab in Indiana
The U.S. Department of Commerce and Korean chipmaker SK hynix have reached a preliminary agreement of up to $450 million in proposed federal incentives to support the company’s construction of an advanced packaging and research plant in Indiana. The new building at the Purdue Research Park in West Lafayette will house a production line capable...
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Spanish Army Awards Rheinmetall $223M Contract to Supply Modular Propellant Systems for Artillery Application
Rheinmetall has received a $223.3 million order from the Spanish Army for 500,000 modular propellant systems for 155 mm extended-range artillery ammunition. Under a framework agreement, the company is expected to complete the delivery of the systems for the M109 and SIAC howitzers by 2025. The deal includes an option for Spain to extend the...
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EU Members, Norway Propose Regulations for Common Defense Procurement Initiative
The European Commission has received proposals to improve defense solution acquisitions through a program established under the European Defence Industry Reinforcement through common Procurement Act. On Friday, the commission announced that 12 submissions from member states and Norway after it called for proposals to regulate the EDIRPA Work Program. The entries focused on three areas:...
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L3Harris Launches Australian Center of Excellence for Electronic Warfare Technology
L3Harris Technologies has opened its new Center of Excellence for Electronic Warfare in Queensland to design and manufacture EW technology for the Australian military. The facility will also support the development of L3Harris’ space, intelligence and cyber products and the delivery of T4 and T7 robots to the Australian Defence Force under the Land-154 program,...
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Switzerland Taps Rheinmetall to Deliver Mortar Ammunitions
Switzerland has awarded Rheinmetall a contract to deliver 81 mm mortar cargo ammunition. Under the deal, Rheinmetall Expal Munitions will supply the Swiss armed forces with 81mm MX2-KM mortar weapons and 81 mm mortar cartridges cargo for illumination white light, illumination infrared and smoke discharge using red phosphorus. Deliveries are expected to be completed by...
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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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Leonardo to Support Ammunition Production for Italian Armed Forces
The Defence Industries Agency, a component of the Italian Ministry of Defence that supplies military equipment to the Italian Armed Forces, has partnered with Leonardo to develop conventional 155 mm artillery ammunition over 18 months. Leonardo said the collaboration, with options to extend further, aims to improve the operational capabilities of the Italian Armed Forces...