MARINETTE, Wis., June 26, 2019 /PRNewswire/ — Littoral Combat Ship (LCS) 17, the future USS Indianapolis, completed Acceptance Trials in Lake Michigan. This is the ship’s final significant milestone before the ship is delivered to the U.S. Navy. LCS 17 is the ninth Freedom-variant LCS designed and built by the Lockheed Martin (NYSE: LMT)-led industry team and is slated for delivery to the Navy this year.
“LCS 17 is joining the second-largest class of ships in the U.S. Navy fleet, and we are proud to get the newest Littoral Combat Ship one step closer to delivery,” said Joe DePietro, Lockheed Martin vice president and general manager, Small Combatants and Ship Systems. “This ship is lethal and flexible, and we are confident that she will capably serve critical U.S. Navy missions today and in future.”
Unique among combat ships, LCS is designed to complete close-to-shore
missions and is a growing and relevant part of the Navy’s fleet.
It is flexible — with 40 percent of the hull
easily reconfigurable, LCS can be modified to integrate capabilities
including over-the-horizon missiles, advanced electronic warfare systems
and decoys.
It is fast — capable of speeds in excess of 40 knots.
It is lethal — standard equipped with Rolling Airframe Missiles (RAM) and a Mark 110 gun, capable of firing 220 rounds per minute.
It is automated — with the most efficient staffing of any combat ship.
The
trials included a full-power run, maneuverability testing, and surface
and air detect-to-engage demonstrations of the ship’s combat system.
Major systems and features were demonstrated, including aviation
support, small boat launch handling and recovery and machinery control
and automation.
“I am extremely proud of our LCS team including our shipbuilders at Fincantieri Marinette Marine,” said Jan Allman,
Fincantieri Marinette Marine president and CEO. “These are complex
vessels, and it takes a strong team effort to design, build and test
these American warships.”
DALLAS, June 25, 2019 /PRNewswire/ — Lockheed Martin (NYSE: LMT) received a $561.8 million production contract for Army Tactical Missile System (ATACMS) missiles for the U.S. Army and Foreign Military Sales (FMS) customers.
The two-year effort contract calls for new ATACMS rounds, as well as upgrading several previous-variant ATACMS as part of the Service Life Extension Program (SLEP III).
“The new-build ATACMS rounds under this contract will include sensor technology that provides the recently qualified Height-of-Burst capability,” said Gaylia Campbell, vice president of Precision Fires & Combat Maneuver Systems at Lockheed Martin Missiles and Fire Control. “This new feature will allow Soldiers to address area targets at depth on the battlefield.”
Both the SLEP and new ATACMS rounds will be produced at Lockheed Martin’s Precision Fires Production Center of Excellence in Camden, Arkansas. To meet the increased demand for ATACMS, Lockheed Martin is expanding its Camden manufacturing facilities to include the capability to produce ATACMS and other upcoming missiles.
For more than 40 years, Lockheed Martin Missiles and Fire Control has been the leading designer and manufacturer of long-range, surface-to-surface precision strike solutions, providing highly reliable, combat-proven systems like MLRS, HIMARS, ATACMS and Guided MLRS to domestic and international customers.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
53rd International Paris Air Show at Le Bourget Airport
PARIS (Reuters) – U.S. arms makers say European demand for fighter jets, missile defenses and other weapons is growing fast amid heightened concerns about Russia and Iran.
The U.S. government sent a group of unusually high-ranking officials including Commerce Secretary Wilbur Ross to the Paris Airshow this year, where nearly 400 U.S. companies were showcasing equipment as the United States and Iran neared open confrontation in the Persian Gulf.
Lockheed Martin, Boeing and other top weapons makers said they had seen accelerating demand for U.S. weapons at the biennial air show despite escalating trade tensions between the United States and Europe.
“Two Paris air shows ago, there weren’t a lot of orders,” said Rick Edwards, who heads Lockheed’s international division. “Now … our fastest growth market for Lockheed Martin in the world is Europe.”
Many European nations have increased military spending since Russia’s annexation of the Crimea region of Ukraine in 2014, bolstering missile defenses and upgrading or replacing ageing fighter jet fleets. NATO members agreed in 2014 to move toward spending 2% of gross domestic product on defence.
Eric Fanning, chief executive of the Aerospace Industries Association, said the NATO pledge and European concerns about Russia were fueling demand. “I do think it reflects the increasing provocations of Russia,” he said.
Industry executives and government officials say growing concern about Iran’s missile development program is another key factor. Tehran’s downing of a U.S. drone came late in the air show, but executives said it would support further demand.
“Iran is our best business development partner. Every time they do something like this, it heightens awareness of the threat,” said one senior defence industry executive, who asked not to be named.
Edwards said Lockheed’s F-35 stealth fighter, selected by Belgium, is poised to win another new order from Poland, while Bulgaria, Slovakia and Romania are also working to replace Soviet-era equipment.
Edwards and other executives say they see no impact from the ongoing trade disputes between U.S. President Donald Trump and the European Union.
U.S. Army Lieutenant General Charles Hooper, director of the Pentagon’s Defense Security Cooperation Agency (DSCA), said Europe accounted for nearly a quarter of the $55.7 billion in foreign arms sales his agency handled in fiscal 2018.
Hooper said the U.S. government was making concerted efforts to speed arms sales approvals and boost sales to help arm allies with U.S. weapons.
Ralph Acaba, president of Raytheon Co’s’s Integrated Defense Systems business, said the company was boosting automation and working to deliver the Patriot missile system and other weapons in half the five-year period previously typical.
“Europe is really big for us now, and that’s a big change in just the last few years and even the last 18 months,” he said.
In addition to wooing new Patriot customers, Raytheon is upgrading existing systems for customers like Germany, which is likely to finalize a contract worth potentially hundreds of millions of dollars to the company in coming months.
Thomas Breckenridge, head of international sales for Boeing’s strike, surveillance and mobility programs, is eyeing contracts wins for Boeing’s F/A-18 Super Hornet fighter jets in Germany, Switzerland and Finland.
“There’s a huge appetite in Europe for defence as a whole,” he said.
(Reporting by Andrea Shalal; Editing by Jan Harvey)
The VH-92A helicopter completed operational testing that included operating on the south lawn of The White House in September 2018. Photo courtesy of the U.S. Marine Corps.
STRATFORD, Conn., June 10, 2019 — Sikorsky, a Lockheed Martin company, (NYSE: LMT) will build six production VH-92A Presidential Helicopters under a contract from the U.S Navy. These helicopters are part of the 23 aircraft program of record for the U.S. Marine Corps.
Under the terms of the contract, known as Low Rate Initial Production (LRIP) Lot 1, Sikorsky will begin deliveries of six VH-92A helicopters in 2021. The remaining production aircraft will be delivered in 2022 and 2023. The contract also provides spares and training support.
The contract award follows an affirmative Milestone C decision on May 30 from the U.S. Navy moving the development program into production.
“The authorization to exercise the program’s first Low-Rate Initial Production lot is a testament to the hard work and dedication from the team to deliver this important asset on budget and within the planned acquisition timeline” said U.S. Marine Corps Col. Eric Ropella, PMA-274 presidential helicopter program manager. “This award is an example of acquisition done right.”
Helicopter Proves Ready for Presidential Mission
The VH-92A test aircraft at Patuxent River, Maryland, have proven their production readiness by undergoing rigorous U.S. government testing and operational assessments, which included operating on the south lawn of the White House. The VH-92A has flown over 520 flight test hours establishing the aircraft’s technical maturity and readiness of its mission systems.
“This production decision validates the modifications to Sikorsky’s most successful commercial helicopter making it capable to transport the President of the United States at anytime, anywhere around the world,” said Dave Banquer, Sikorsky VH-92A program director. “Sikorsky has been building and providing helicopter transportation for every U.S. President and Commander in Chief since Dwight D. Eisenhower. We are excited to build the next generation of transport with the VH-92A helicopter.”
Prepared for Production
The VH-92A aircraft will provide safe, reliable and capable transportation for the President, Vice President and foreign heads of state.
This program ensures long term affordability and maintainability by utilizing the FAA certified S-92 aircraft which has industry leading reliability and availability. The S-92 fleet surpassed 1.5 million flight hours in April and averages 14,600 hours of safe flight per month.
Sikorsky and the U.S. Navy integrate mature mission and communication systems into the aircraft. This aircraft provides communication capability to perform the duties of Commander in Chief, Head of State and Chief Executive.
First Training System Delivered
Lockheed Martin delivered and installed the first VH-92A training device at the Presidential Helicopter Squadron HMX-1 in Quantico, Virginia, earlier this year. Marine pilots, avionics technicians and squadron personnel are actively engaged in hands-on learning through the suite of devices. The Flight Training Device (FTD) is a replica of the VH-92A cockpit to give pilots mission-oriented flight training in a simulation-based training device.
The training suite allows maintainers to hone their skills to effectively maintain the aircraft and practice troubleshooting.
About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
WASHINGTON (Reuters) – The U.S. Department of Defense has a “handshake” agreement with Lockheed Martin Co to cut 8.8 percent from the price of its latest order of F-35A fighter jet, shaving a year from the time frame in which each aircraft will cost less than $80 million, a Pentagon official said on Monday.
The Pentagon said over three years the agreement will be worth $34 billion for 478 F-35 fighter jets. It is preliminary and a final deal is expected to be sealed in August for the 12th batch of jets, one of the most expensive aircraft ever produced.
The preliminary agreement details the first year, and lays out agreed upon options for two additional years. The options are there because official purchases cannot be made until the U.S. Congress approves an annual budget for those years.
This year’s agreement will lower the cost of each F-35A, the most common version of the aircraft, to $81.35 million, Under Secretary of Defense Ellen Lord said, down from $89.2 million under a deal inked in August 2018.
Under the options covering the second and third years of the purchase, the price of each jet will drop below $80 million, Lord said. In those later years production would be around 160 jets per year.
The F-35 program has long aimed at growing the fleet to more than 3,000 jets and bringing the unit price of the F-35A below $80 million through efficiencies gained by ordering larger quantifies.
“I am proud to state that this agreement has achieved an estimated 8.8% savings from Lot 11 to Lot 12 F-35A’s, and an estimated average of 15%” reduction across all variants from Lot 11 to Lot 14, Lord said in the statement. That savings exceeded expectations in a RAND Corp study.
“The unit price for all three F-35 variants was reduced and the agreement will include an F-35A unit cost below $80 million in Lot 13, exceeding the Pentagon and Lockheed Martin’s long-standing cost reduction commitment earlier than planned,” the Lockheed Martin F-35 program general manager Greg Ulmer said in a statement.
While being a major part of Lockheed’s revenue, the F-35 has recently been holding competitions to find less expensive subcontractors to help control costs.
The new pricing could encourage more foreign customers to join the F-35 program. Lockheed executives have said that any country with an F-16 jet, the predecessor to the F-35, is a potential customer. This could put the market size at about 4000 jets, Lockheed CEO Marillyn Hewson recently told an investor conference.
Vice Admiral Mathias Winter, the head of the Pentagon’s F-35 office, has testified to Congress, that “future potential foreign military sales customers include Singapore, Greece, Romania, Spain and Poland.”
Foreign military sales like those of the F-35 are considered government-to-government deals where the Pentagon acts as an intermediary between the defense contractor and a foreign government.
Other U.S. allies have been eyeing a purchase of the stealthy jet including Finland, Switzerland and the United Arab Emirates.
(Reporting by Mike Stone in Washington; Editing by Bill Rigby and David Gregorio)
FILE PHOTO: A Lockheed Martin F-35A Lightning II aircraft takes part in flying display during the 52nd Paris Air Show at Le Bourget Airport near Paris
United Technologies, Raytheon to create $120 billion aerospace and defence giant
(Reuters) – United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger.
The deal would reshape the competitive landscape by forming a conglomerate which spans commercial aviation and defense procurement. United Technologies provides primarily commercial plane makers with electronics, communications and other equipment, whereas Raytheon mainly supplies the U.S. government with military aircraft and missile equipment.
While United Technologies and Raytheon have some common customers, their business overlap is limited, an argument the companies plan to make once U.S. antitrust regulators start scrutinizing the merger.
However, the two major commercial aircraft makers, Boeing Co and Airbus SE, as well as the Pentagon, have been known to use their significant purchasing power to seek concessions from their suppliers and may not welcome a potential lessening in competition among them.
When United Technologies rebuffed an acquisition offer from Honeywell International Inc in 2016, United Technologies chief executive Greg Hayes justified the decision partly by predicting that Boeing and Airbus would never accept having a supplier that would “build the plane from tip to tail.”
United Technologies has said it is on track to separate its Carrier air conditioning and Otis elevator businesses, leaving the company focused on its aerospace business through its $23 billion acquisition of Rockwell Collins, which was completed in 2018, and the Pratt & Whitney engines business.
Chinese authorities scrutinized the acquisition of airplane parts maker Rockwell Collins closely, given the companies’ footprint in that country’s market. This resulted in the deal closing in November 2018, as opposed to the targeted third quarter.
Trade tensions between the United States and China were blamed at least partly by analysts for that delay, but a source close to the deal said the companies did not expect this to be repeated because Raytheon does not do business in China.
Under the deal announced on Sunday, Raytheon shareholders will receive 2.3348 shares in the combined company for each Raytheon share. The merger is expected to result in more than $1 billion in cost synergies by the end of the fourth year, the companies said.
United Technologies shareholders will own about 57% of the combined business, called Raytheon Technologies Corporation, which will be led by Hayes. Raytheon shareholders will own the remaining stake, and Raytheon CEO Tom Kennedy will be named executive chairman. The companies negotiated the terms over several months, according to the source, who requested anonymity discussing the confidential deliberations.
The deal has been structured so that no shareholder of either company will receive a premium. United Technologies and Raytheon have market capitalizations of $114 billion and $52 billion, respectively.
The deal is expected to close in the first half of 2020.
The newly created company is expected to return between $18 billion and $20 billion of capital to shareholders in the first three years after the deal’s completion, the companies said. The new company will also assume about $26 billion in net debt, they added.
DEFENSE SPENDING RISE
Raytheon, maker of the Tomahawk and the Patriot missile systems, and other U.S. military contractors are expected to benefit from strong global demand for fighter jets and munitions as well as higher U.S. defense spending in fiscal 2020, much of it driven by U.S. President Donald Trump’s administration.
However, Pentagon spending is projected to slow down after an initial boost under Trump. A deal with United Technologies would allow Raytheon to expand into commercial aviation.
Conversely, United Technologies could benefit from reducing its exposure to commercial aerospace clients amid concerns that the rise of international trade protectionism will suppress economic growth and weigh on the flow of goods through air traffic.
The International Air Transport Association, which represents about 290 carriers accounting for more than 80% of global air traffic, cited these concerns earlier this month, when it said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.
The deal with Raytheon could put pressure on General Electric Co, which competes with United Technologies for commercial aerospace clients, to seek scale. It could also push other defense contractors, such as Lockheed Martin Corp, to explore expanding their commercial businesses.
Last year, military communication equipment providers Harris Corp and L3 Technologies Inc announced an all-stock merger that, once completed, will create the sixth-largest U.S. defence contractor.
Morgan Stanley, Evercore Inc and Goldman Sachs Group Inc were financial advisers to United Technologies, while Wachtell, Lipton, Rosen & Katz was its legal adviser. Citigroup Inc was financial adviser to Raytheon, and RBC Capital Markets LLC provided a fairness opinion. Shearman & Sterling LLP was legal adviser to Raytheon.
(Reporting by Harry Brumpton and Kate Duguid in New York; Additional reporting by Mike Stone in Washington and Rama Venkat in Bengaluru; Editing by Richard Chang and Rosalba O’Brien)
Defence Minister says $1.2 bln is a reasonable price
Final talks to start once Bulgaria gets draft contract
Cost will be based on final Bulgarian requirements-U.S. Embassy (Adds defence minister comment, U.S. embassy to Sofia)
SOFIA, June 4 (Reuters) – NATO member Bulgaria expects the United States to offer to sell it eight new F-16 fighter jets for its air force at a discounted price of $1.2 billion, the defence ministry said on Tuesday.
The U.S. State Department approved the possible sale of eight F-16 aircraft and related equipment at an estimated cost of $1.67 billion, a Pentagon agency said on Monday.
Bulgaria, which is also a member of the European Union, is looking to replace its ageing Soviet-made MiG-29s and improve compliance with NATO standards.
A deal for Lockheed Martin’s F-16 Block 70 would be the Balkan country’s biggest military procurement since the fall of Communist rule some 30 years ago.
The defence ministry said the U.S. approval outlined the upper threshold of the cost and it expected a draft contract from Washington within two weeks.
“There is a two-week timeline in which the U.S. government will present to Bulgaria a draft Letter of Offer and Acceptance in which the expected price for the eight jets with a package of necessary related equipment will be within $1.2 billion,” the ministry said in a statement.
The expected price comes above the initial estimate for the deal at 1.8 billion levs ($1 billion) but the Bulgarian parliament has given the defence ministry a green light to go over that.
Defence Minister Krasimir Karakachanov said that the deviation from the initial budget should not be big.
“About 2 billion levs ($1.2 billion) is the upper threshold of a reasonable price,” he told reporters.
The U.S. Embassy in Sofia said that the Departments of State and Defense allow for a margin in all notifications to the U.S. Congress and that the actual cost will be based on Bulgaria’s final requirements.
Final talks on the deal will start once Sofia receives the draft contract. The cost’s reduction would most likely be achieved by scaling down some of the related equipment, local analysts say.
“At that stage…the Bulgarian government may re-scope and re-define the requirements before arriving at the ultimate cost,” the embassy said in a statement. ($1 = 1.7397 leva)
(Reporting by Tsvetelia Tsolova Editing by Keith Weir)
KWAJALEIN ATOLL, Marshall Islands, May 22, 2019 /PRNewswire/ — The U.S. Air Force Space Fence system detected the breakup field from an anti-satellite test conducted by India during a scheduled endurance exercise of the new space surveillance radar.
As MICROSAT-R was expected to pass through the un-cued surveillance fence, Space Fence automatically issued a “breakup alert” indicating there were multiple objects within close proximity. Space Fence observed a significant amount of debris tracks surrounding the time of the event crossing labeled as uncorrelated targets. Long-arc tracking was initiated within the orbital debris cloud to form accurate initial orbit determinations. With this information, the system was able to automatically predict and correlate the next crossing time.
Lockheed Martin (NYSE: LMT) system operators then prepared for the next crossing by setting up an enhanced sensitivity task volume ahead of the normal un-cued surveillance fence to increase the low altitude track duration. Although the Space Fence is currently in its test phase and not yet operational, the Space Fence un-cued surveillance coverage showed its unique ability to observe these events unfolding at different altitudes in real time. Although the anti-satellite test was conducted at approximately 300 kilometers, the debris cloud extended beyond the original parent object orbit.
“Although the Space Fence system is still under test, it continues to demonstrate its advanced capabilities providing operationally-relevant information in all orbital regimes from Low Earth Orbit through Geosynchronous Earth Orbit,” said Dr. Rob Smith, vice president and general manager of Radar and Sensor Systems for Lockheed Martin. “The criticality of space assets to both national defense and the world economy cannot be understated. As multiple new mega constellations consisting of thousands of satellites become a reality and the space domain continues to become more congested, the demand for more accurate and timely space situational awareness data will be of the utmost importance to the warfighter.”
The Space Fence system continues to track objects from the anti-satellite event through the government-led testing phase which began in early April.
Colonel Stephen Purdy, Director of the Space Superiority Systems Directorate, Space and Missile Systems Center, Los Angeles Air Force Base, who oversees the Space Fence program said, “Space Fence is already proving itself as a capable system even before becoming operational. The Indian test showcased Space Fence’s capabilities in a real-world event. The system was able to quickly respond to a highly dynamic situation providing critical data. Space Fence is the latest in a long line of capabilities we are collectively bringing to the warfighter as we continue to build out space capabilities for the United States.”
About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Aerial view of Space Fence facility in Kwajalein Atoll. Lockheed Martin photo
ORLANDO, Fla. (Reuters) – Billionaire Elon Musk’s SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk’s rival bid, and said the tender should be reopened, according to a court filing unsealed on Wednesday.
In the complaint, Space Exploration Technologies Corp said contracts were awarded for three “unbuilt, unflown” rocket systems that would not be ready to fly under the government’s timeline, “defeating the very objectives” outlined by the Air Force’s program.
SpaceX asked the court to force the Air Force to reopen the $2.3 billion Launch Service Agreements competition and reconsider the Hawthorne, California-based company’s proposal.
The agreement is part of a Department of Defense initiative to assure constant military access to space and curb reliance on Russian-made RD-180 engines.
In the watershed race for dominance in the space industry, new entrants including SpaceX and billionaire Jeff Bezos’ Blue Origin, compete for lucrative contracts for military launch services. The arena has been long dominated by incumbents like Boeing Co-Lockheed Martin Corp’s United Launch Alliance (ULA).
ULA was granted $967 million under the program for developing its heavy-lift Vulcan rocket, Blue Origin won $500 million for its New Glenn rocket, and Northrop Grumman Corp was awarded $791.6 million for its OmegA rocket development.
In separate court filings this week, all three companies argued they should be parties to the lawsuit because of their direct financial interest in its outcome.
A SpaceX spokesperson said the company sued to “ensure a level playing field for competition.”
Representatives for the Air Force and ULA did not immediately respond to requests for comment. Blue Origin declined to comment.
SpaceX’s complaint was filed with the U.S. Court of Federal Claims last Friday under seal, along with a request for the court to keep the proceedings secret under a protective order, citing proprietary information. A redacted complaint was filed Wednesday.
SpaceX alleged the Air Force broke contracting rules on five different counts and asked the court to halt deliveries of the award to the three companies and force a re-evaluation of the proposals.
The Air Force rejected a formal objection from SpaceX in April regarding the terms of the awards.
SpaceX has sued the government over contracts before, most prominently in 2014 to protest a multibillion-dollar, non-compete contract for 36 rocket launches to United Launch Alliance. It dropped the lawsuit after the Air Force agreed to open up the competition.
(Reporting by Joey Roulette in Orlando, Florida; Editing by Eric M. Johnson and Richard Chang)
FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake/File Photo
Leaders from the Greece Ministry of National Defense; Hellenic Air Force, Navy and Army; Lockheed Martin and Hellenic Aerospace Industries participated in a ceremony for the delivery of the first modernized P-3 Orion. (Photo special to Lockheed Martin)
ATHENS, Greece, May 17, 2019 – Representatives from the Hellenic Navy, Lockheed Martin (NYSE: LMT) and Hellenic Aerospace Industry (HAI) hosted a ceremony on today at HAI’s facility near Athens, Greece, for the delivery of the first P-3B maritime patrol aircraft (interim solution aircraft) as part of the Hellenic Navy P-3B maritime patrol aircraft mid-life upgrade and modernization program implementation.
The event was attended by senior leaders from the Greek government and the Hellenic ministry of National Defense, the Hellenic Navy and Air Force, as well as representatives from the U.S. Embassy in Athens, Lockheed Martin and HAI. Local government officials also attended the ceremony.
The government-to-government agreement between the United States and Greece was announced in 2015, providing for the re-activation of one Hellenic Navy P-3B Orion maritime patrol aircraft, which is the aircraft delivered today. This agreement also includes the modernization of four Hellenic Navy P-3B aircraft through the Mid-Life Upgrade (MLU) Program.
MLU kits provide an extension of service life by 15,000 flight hours. In addition, this contract provides for phased depot maintenance; a Greece indigenous mission integration and management system; new avionics; and other ancillary hardware and services.
Evangelos Apostolakis, Greece’s minister of National Defense (MoD), welcomed the delivery of the first interim solution P-3B Maritime Patrol Aircraft of the Hellenic Navy and underlined the operational benefits of their upgrading program of at a national and international level. The MoD stated that this program meets the optimal cost-effectiveness solution, underlining at the same time its contribution to the reinforcement of the domestic defense industry.
The P-3 Orion is the model in maritime patrol and reconnaissance aircraft, and is used for homeland security, anti-piracy operations, humanitarian relief, search and rescue, intelligence gathering, antisubmarine warfare and, recently, to assist in air traffic control and natural disaster relief support. The Hellenic Navy operated the P-3 fleet for 15 years.
“The Hellenic Navy needed enhancements and improvements for its maritime patrol aircraft. The delivery of this first aircraft will cover, initially, an operational requirement of vital importance, while the Hellenic Navy prepares for the delivery of the fully modernized P-3s in the coming years,” said Rear Adm. Nikolaos Tsounis, chief of the Hellenic Navy General Staff.
Work on the Hellenic Navy P-3s is performed at HAI facilities in Greece, as well as at Lockheed Martin’s facilities in Marietta, Georgia, and Greenville, South Carolina. Lockheed Martin is the Original Equipment Manufacturer (OEM) of the P-3 Orion.
“Today we are especially proud as the delivery of this first aircraft, represents an important step in enhancing Greece’s maritime patrol capability. The P-3 MLU and Avionics Modernization Program provides state-of-the-art operational advantages to the Hellenic Navy to not only support present mission requirements, but future ones as well,” said Karmyn Norwood, vice president of International Programs for Air Mobility & Maritime Missions at Lockheed Martin. “This program also exemplifies the power of partnership, from the support of the U.S. Navy and the Hellenic Navy to the outstanding work delivered by the HAI team. Together, we provide the best resources and value to Greece.”
The domestic defense industry in Greece is providing 30 percent of the overall program value, drawing considerable industrial, financial and technological benefits for the autonomous operation and support of the specific weapon system.
“Through this program, the Hellenic Aerospace Industry was given the opportunity to participate in a program of high technical and operational value,” said Zacharias Gikas, chairman of the HAI Board of Directors. “HAI salutes the delivery of this first aircraft as a significant achievement in the effort for a successful program integration. HAI management and employees will continue to effectively work together in delivering the best possible results to the Hellenic government and the Hellenic Navy.”
