International
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Business/FinancialFincantieri and Naval Group Sign Joint Venture Agreement
France’s Naval Group and Italy’s Fincantieri signed a joint venture agreement on June 14 that delineated the terms of incorporation for a new 50/50 owned company. The companies signed an […]
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Business/FinancialBoeing Estimates Global Defense And Space Market Of $2.5 Trillion Through 2028
Boeing [BA] projects that the global market for defense and space opportunities over the next decade will be worth $2.5 trillion, part of an $8.7 trillion forecast for the overall […]
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InternationalLockheed Martin Seeking Foreign Customers for Maritime C-130Js
PARIS AIR SHOW—Lockheed Martin [LMT] has performed engineering studies on a maritime patrol version of its C-130J aircraft and believes that NATO and Asia/Pacific nations may have an interest in […]
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Advanced / Transformational TechnologyCollins Aerospace Sees Big Demand For New, Retrofit ‘Fly-By-Wire’ System
PARIS AIR SHOW—Collins Aerospace [UTX] and Lockheed Martin’s Sikorsky [LMT] are highlighting an advanced fly-by-wire retrofit kit to allow autonomous flight in medium and heavy helicopters and fixed wing aircraft. […]
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InternationalFrench Air Force Orders Additional H225M
The French Air Force has ordered an additional heavy twin Airbus H225M helicopter to add to its existing fleet of 10. It will be delivered in a configuration that allows […]
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Advanced / Transformational TechnologyThales Acquires Artificial Intelligence Company Psibernetix
Bolstering its capabilities in artificial intelligence (AI), France’s Thales said earlier this month that it acquired Ohio-based Psibernetix, which has developed processes that enable AI decisions to be mathematically verified […]
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Business/FinancialU.K. Regulators Approve Rheinmetall, BAE Military Vehicle Venture
A United Kingdom regulatory agency on Thursday approved the pending acquisition by Germany’s Rheinmetall of BAE Systems Global Combat Systems business, paving the way for the two companies to establish […]
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SpaceSouth Korea, Japan to Plus-Up Position, Navigation and Timing Satellite Systems
LOS ANGELES — The governments of South Korea and Japan are each in the midst of building up their respective position, navigation and timing (PNT) satellite constellations to provide more […]
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Navy/USMCBALTOPS 2019 Putting Emphasis on Mine Warfare
This year’s Baltic Operations (BALTOPS) exercise is putting a focus on mine warfare, featuring new undersea unmanned vehicles (UUVs), among other capabilities. The U.S. 2nd Fleet is leading BALTOPS from […]
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InternationalParis Air Show Comes at ‘Pivotal Time’ for European Aerospace
European defense modernization plans for fixed wing and rotorcraft will take center stage at this year’s Paris Air Show, which is scheduled from June 16-23 at Le Bourget Exposition Center. […]