On May 29 and 30, Viking Air will exhibit at CANSEC 2019 at the EY Centre in Ottawa, Canada. Hosted by the Canadian Association of Defence and Security Industries (CADSI), CANSEC is Canada’s premier defence industry event, offering attendees the chance to explore the latest technologies and support services available for Naval, Air Force, Army, Civil Security, and joint-force military units.
Viking invites CADSI members and government personnel attending the show to visit us at Booth 521 to learn how Viking’s diverse range of exceptional utility and special missions aircraft suit a variety of operational profiles.
About Viking Air
Incorporated in 1970, Viking Air Limited began as the successor to McKinnon Enterprises, a parts and modification facility working on the Grumman family of aircraft. After specializing in flying boats for over a decade, Viking switched focus in 1983 when de Havilland Inc. selected Viking as their exclusive spare parts manufacturer and distributor for the de Havilland DHC-2 Mk I Beaver, Mk III Turbo Beaver, and DHC-3 Single Otter aircraft.
About CANSEC
For over 20 years, CANSEC has provided a platform for defence industry professionals from across the globe to connect and share innovative products and defence technologies with national and international military staff and major procurement officials. Held annually, the event is open to CADSI members and government personnel, and is the largest tri-service defence trade show in North America.
PARIS (Reuters) – European missile maker MBDA’s chief executive is returning to Airbus as head of strategy as the planemaker seeks to modernise its factory system and explores future options in defence, two people familiar with the matter said.
Antoine Bouvier, 59, replaces Patrick de Castelbajac who becomes head of Airbus Asia-Pacific, the sources said. Castelbajac’s responsibility for Airbus international operations had already been transferred to sales chief Christian Scherer.
At Airbus, Bouvier will be embarking on a battle of wits with a new strategy head at arch-rival Boeing CO.
Chris Raymond, until recently head of Boeing’s Autonomous Systems business, recently became vice-president for enterprise strategy under finance director Greg Smith, sources said. Raymond’s appointment has not been officially announced.
Airbus and MBDA declined to comment on Bouvier’s appointment, which was first reported by AeroDefenseNews. It is the latest step in a management reshuffle accelerated by the recent official appointment of Guillaume Faury as Airbus CEO.
Bouvier, a former civil servant who narrowly missed out on running France’s DGA defence procurement agency two years ago, brings experience in forging defence partnerships to Airbus, which is embroiled in a row with Germany over arms controls.
He is expected to be replaced at MBDA by former OneWeb chief Eric Beranger.
Although there is fierce day-to-day competition, with Taiwan’s China Airlines opting last week to switch to Airbus, the European planemaker is not expected to exploit the grounding of Boeing’s 737 MAX jetliner for now, industry sources said.
NEXT GENERATION
The future of the Airbus A320neo and Boeing 737 MAX – the industry’s most successful models – is seen as strategically entwined and insiders say Airbus is also worried about the impact of the grounding on global certification..
But the planemakers are crafting crucial strategies for the next generation of single-aisle jets from about 2030 – both likely to define the aircraft industry well beyond mid-century.
Insiders say Faury wants Airbus to focus more on industrial strategy and closing a perceived gap with Boeing in production technology, as well as responding to the threat of increased environmental regulation of air travel, as well as new products.
Airbus must also assess how to respond to rising defence spending after its failure to merge with Britain’s BAE Systems in 2012 left it heavily skewed towards commercial markets that are now approaching the end of an extended upcycle.
It is involved on the German side of a nascent Franco-German fighter project along with French partner Dassault Aviation but faces competition for valuable systems work and a growing spat with the German government over export controls.
At MBDA, Bouvier helped forge an Anglo-French agreement on the use of shared missile technology.
Bouvier followed the classic path of a French mandarin from the prestigious Polytechnique engineering school to France’s ENA civil service academy. He had been linked with a number of top aerospace posts such as Safran and Thales.
“His appointment will be very credible with the French government,” a person familiar with the appointment said. France and Germany own 11 percent each of Airbus.
(Reporting by Tim Hepher; Editing by Luke Baker and Alexander Smith)
FILE PHOTO: Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier/File Photo
(Reuters) – Lockheed Martin Corp reported a better-than-expected 47 percent jump in quarterly profit on Tuesday and raised its annual profit forecast, helped by strong demand for its missiles and fighter jets, sending its shares up more than 5 percent in pre-market trading.
U.S. weapons makers have been expected to benefit from stronger global demand for fighter jets and munitions and higher U.S. defence budgets in fiscal 2020 as they announce first quarter earnings this week.
Lockheed’s Missiles and Fire Control business, which makes missile defences like the Terminal High Altitude Area Defence (THAAD), was one of its best-performing units.
On April 1, the unit was awarded a THAAD interceptor missile contract worth $2.4 billion, some of which are slated to be delivered to Saudi Arabia, which could boost earnings for the current quarter.
Overall, the Bethesda, Maryland-based company said its earnings rose to $1.70 billion, or $5.99 per share, in the first quarter ended March 31, from $1.16 billion, or $4.02 per share, a year earlier. That was partly helped by a $75 million dollar boost from additional tax deductions on foreign military sales.
Excluding that one-time gain, Lockheed reported $5.73 per share profit, well ahead of the $4.34 per share that Wall Street had expected, on average, according to IBES data from Refinitiv.
Lockheed’s overall net sales for the quarter rose 23 percent to $14.34 billion. The company’s sales backlog grew to $133.5 billion, up 3 billion over the quarter.
Operating margins at the aeronautics division, Lockheed’s biggest, fell to 10.5 percent in the first quarter from 10.8 percent a year earlier, but sales were up 27 percent to $5.5 billion on demand for the F-35 jet and some classified contracts.
The United States is considering expanding sales of Lockheed-made F-35 fighter jets to five new nations including Romania, Greece and Poland as European allies bulk up their defences in the face of a strengthening Russia, a Pentagon official told Congress in early April.
(Reporting by Mike Stone in Washington D.C. and Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli and Bill Rigby)
AVALON,
Australia (Reuters) – Boeing Co on Wednesday unveiled an unmanned,
fighter-like jet developed in Australia and designed to fly alongside
crewed aircraft in combat for a fraction of the cost.
The
U.S. manufacturer hopes to sell the multi-role aircraft, which is 38
feet long (11.6 metres) and has a 2,000 nautical mile (3,704 kilometre)
range, to customers around the world, modifying it as requested.
The
prototype is Australia’s first domestically developed combat aircraft
since World War II and Boeing’s biggest investment in unmanned systems
outside the United States, although the company declined to specify the
dollar amount.
The
Australian government is investing A$40 million ($28.75 million) in the
prototype programme due to its “enormous capability for exports,”
Minister for Defence Christopher Pyne told reporters at the Australian
International Airshow.
Defence
contractors are investing increasingly in autonomous technology as
militaries around the world look for a cheaper and safer way to maximise
their resources.
Boeing rivals like Lockheed Martin Corp and Kratos Defence and Security Solutions Inc are also investing in such aircraft.
Four
to six of the new aircraft, called the Boeing Airpower Teaming System,
can fly alongside a F/A-18E/F Super Hornet, said Shane Arnott, director
of Boeing research and prototype arm Phantom Works International.
“To
bring that extra component and the advantage of unmanned capability,
you can accept a higher level of risk,” he said. “It is better for one
of these to take a hit than for a manned platform.”
The
Mitchell Institute for Aerospace Studies in the United States said last
year that the U.S. Air Force should explore pairing crewed and uncrewed
aircraft to expand its fleet and complement a limited number of
“exquisite, expensive, but highly potent fifth-generation aircraft” like
the F-35.
“Human
performance factors are a major driver behind current aerial combat
practices,” the policy paper said. “Humans can only pull a certain
number of G’s, fly for a certain number of hours, or process a certain
amount of information at a given time.”
MULTI-MISSION CAPABILITIES
In
addition to performing like a fighter jet, other roles for the Boeing
system include electronic warfare, intelligence, surveillance and
reconnaissance alongside aircraft like the P-8 Poseidon and E-7
Wedgetail, said Kristin Robertson, vice president and general manager of
Boeing Autonomous Systems.
“It
is operationally very flexible, modular, multi-mission,” she said. “It
is a very disruptive price point. Fighter-like capability at a fraction
of the cost.”
Robertson declined to comment on the cost, saying that it would depend on the configuration chosen by individual customers.
The
jet is powered by a derivative of a commercially available engine, uses
standard runways for take-off and landing, and can be modified for
carrier operations at sea, Robertson said. She declined to specify
whether it could reach supersonic speeds, common for modern fighter
aircraft.
Its
first flight is expected in 2020, with Boeing and the Australian
government producing a concept demonstrator to pave the way for full
production.
“I
would say we are some years away from exports, we are probably years
away from it being in operation here in Australia,” Pyne said. “It is
designed to be a cheaper platform, a shield if you like around the more
expensive platforms, to protect our servicemen and women who might be on
a Poseidon or a Wedgetail or a F-35A.”
Australia,
a staunch U.S. ally, is home to Boeing’s largest footprint outside the
United States and has vast airspace with relatively low traffic for
flight testing.
The
Boeing Airpower Teaming System will be manufactured in Australia, but
production lines could be set up in other countries depending on sales,
Arnott said.
The United States, which has the world’s biggest military budget, would be among the natural customers for the product.
The
U.S. Air Force 2030 project foresees the Lockheed Martin F-35A Joint
Strike Fighter working together with stealthy combat drones, called the
“Loyal Wingman” concept, said Derrick Maple, principal analyst for
unmanned systems at IHS Markit.
“The
U.S. has more specific plans for the wingman concept, but Western
Europe will likely develop their requirements in parallel, to abate the
capabilities of China and the Russian Federation and other potential
threats,” he said.
Robertson
declined to name potential customers and would not comment on potential
stealth properties, but said the aircraft had the potential to sell
globally.
“We
didn’t design this as a point solution but a very flexible solution
that we could outfit with payloads, sensors, different mission sets to
complement whatever their fleet is,” she said. “Don’t think of it as a
specific product that is tailored to do only one mission.”
($1 = 1.3914 Australian dollars)
(Reporting by Jamie Freed; additional reporting by Gerry Doyle; editing by Gerry Doyle)
BERLIN
(Reuters) – The German Defence Ministry is evaluating a bid from Canada
to buy a high-altitude surveillance drone prototype that has been
parked at a German air base for years after the cancellation of the Euro
Hawk programme in 2013.
A
formal bid for the prototype aircraft, which was demilitarised by the
United States in 2017, was received from Canada, a ministry spokesman
said on Wednesday without providing further details. The Canadian
embassy in Berlin had no immediate comment.
NATO was also considering a bid for the drone, but had not yet submitted it, according to sources familiar with the process.
A
sale of the drone would end an embarrassing chapter that raised
concerns about the German military’s procurement process and triggered
the transfer of former Defence Minister Thomas de Maiziere to another
cabinet post.
The
German government told lawmakers last year that it had spent about 700
million euros ($793.5 million) on the Euro Hawk prototype built by U.S.
arms maker Northrop Grumman and the ISIS surveillance system built by
Airbus.
Berlin
initiated plans in 2000 to buy five Euro Hawk drones based on
Northrop’s Global Hawk unmanned system at a cost of about 1.2 billion
euros but later cancelled the programme because of cost overruns and
problems obtaining certification for use in civilian airspace in
Germany.
It had only received the one prototype aircraft that is now being sold.
Berlin
is now negotiating with Northrop to buy several MQ-4C Triton drones for
delivery after 2025. Northrop last year said the process could take
years to complete.
German
opposition lawmaker Andrej Hunko, a member of the radical Left party,
said the German government had declared the aircraft incapable of flight
after the U.S. Air Force removed key systems.
“The airplane has salvage value at best,” he told Reuters.
“Any proceeds from the sale would be a drop in the bucket, compared with the huge amounts spent on the programme.”
For
NATO, the drone could provide additional support to the fleet of five
high-altitude unmanned Global Hawk planes it agreed to buy from Northrop
in 2012 for $1.7 billion, along with transportable ground stations.
Industry
officials said the Euro Hawk saga highlighted problems in German
military procurement, noting that NATO’s sister aircraft regularly
traverse German air space to conduct surveillance missions over the
North Sea. They also have no blanket approval for use in German civilian
airspace but use case-by-case permissions from air traffic authorities.
It was not immediately clear what steps would be needed to return the German Euro Hawk prototype to flight.
($1 = 0.8821 euros)
(Reporting by Andrea Shalal, Editing by Riham Alkousaa and David Goodman, William Maclean)
ABU
DHABI, Feb 18 (Reuters) – The United Arab Emirates on Monday awarded
Raytheon Co. a 5.7 billion dirhams ($1.55 billion) contract to supply
its air force with platform systems to launch missiles, a UAE military
spokesman said.
The
agreement was signed at the week-long IDEX military exhibition in Abu
Dhabi and followed the award on Sunday of a 1.3 billion dirhams contract
to Raytheon to supply the UAE with patriot missiles.
The
UAE armed forces signed a total of 7.2 billion dirhams in contracts on
Monday, including 5.8 billion dirhams with international companies,
Brigadier General Mohammed al-Hassani said, speaking through a
translator.
The UAE has signed a total of 12 billion dirhams in contracts since the IDEX exhibition started on Sunday, he said.
Lockheed
Martin, Germany’s Diehl Defence, and Sweden’s Saab on Monday launched
at IDEX the Falcon air defence weapon system, billed as a replacement to
the Hawk system used by countries in the Middle East.
Falcon
was developed in response to a UAE request for a replacement for the
Hawk system and talks are underway to sell it to the Gulf state, Scott
Arnold, Lockheed Martin’s vice-president and deputy head of Integrated
Air and Missile Defense said.
Weapons
sales to the UAE have come under scrutiny over the past year due to the
country’s involvement in the Yemen war that has killed tens of
thousands of people and pushed the country to the brink of starvation.
The UAE and Saudi Arabia are leading a military coalition, which includes local forces drawn from Yemeni factions, that is trying to restore the internationally recognised government ousted from power in 2014 by the Iran-aligned Houthi movement.
($1 US = 3.6728 UAE dirham)
(Writing by Alexander Cornwell. Editing by Jane Merriman)
Paris / Munich, 6 February 2019 – France and Germany have
awarded the first-ever contract – a Joint Concept Study (JCS) – to
Dassault Aviation (stock exchange symbol: AM) and Airbus (stock exchange
symbol: AIR) for the Future Combat Air System (FCAS) programme. The
launch of the JCS was announced by the French Minister of the Armed
Forces, Florence Parly, and her German counterpart, Ursula von der
Leyen, at a meeting today in Paris.
The decision by both countries represents a milestone to secure
European sovereignty and technological leadership in the military
aviation sector for the coming decades. Starting date for the two-year
study is 20 February 2019.
Eric Trappier, Chairman and CEO of Dassault Aviation, said: “This new
step is the cornerstone to ensure tomorrow’s European strategic
autonomy. We, as Dassault Aviation, will mobilize our competencies as
System Architect and Integrator, to meet the requirements of the Nations
and to keep our continent as a world-class leader in the crucial field
of
Air Combat Systems.”
Dirk Hoke, CEO of Airbus Defence and Space, said: “FCAS is one of the
most ambitious European defence programmes of the century. With today’s
contract signature, we are finally setting this high-technology
programme fully in motion. Both companies are committed to providing the
best solutions to our Nations with regard to the New Generation Fighter
as well as the systems of systems accompanying it. We are truly excited
about having been given this opportunity and appreciate the trust
placed in both our companies.”
This planned Next Generation Weapons System will consist of a highly
capable manned “New Generation Fighter” (NGF) teaming with a set of new
and upgraded weapons as well as a set of unmanned systems (Remote
Carriers) linked by a Combat Cloud and its Ecosystem embedded in a
System-of-Systems FCAS architecture.
The JCS is based on the bi-nationally agreed High Level Common
Operational Requirements Document (HLCORD) signed at Berlin Air Show ILA
in April 2018 between the Defence Ministers of France and Germany as
well as respective national concept studies.
Its aim is to conceptualise the different FCAS capabilities and to pave the way for future design, industrialisation, as well as an estimated full operational capability by 2040. The study will prepare and initiate demonstrator programmes for launch at the Paris Air Show in June 2019.
Rafale B de l’Armée de l’Air Française en opérations extérieures (Opération Serval) – Vue en vol au dessus du Mali. Equipé de la nacelle Damoclès et de GBU-12.
PARIS, Oct 23 (Reuters) – France’s Safran (SAF.PA) posted an 11.4 percent rise in underlying third-quarter sales, led by aerospace and defence, and said it was “well on track” to meet full-year targets with the help of accelerating production of a new jet engine.
Safran co-produces the LEAP engine for Airbus and Boeing jets with General Electric.
Earlier this year it absorbed struggling French seats maker Zodiac Aerospace, and Safran said on Tuesday that it continued to benefit from above-average aftermarket growth.
The company, which also makes military systems, said third-quarter revenues grew 11.4 percent after stripping out the Zodiac acquisition and currency swings to 5.348 billion euros ($6.14 billion).
($1 = 0.8709 euros) (Reporting by Tim Hepher; Editing by Sudip Kar-Gupta)
(Reuters) – Military communication equipment providers Harris Corp (HRS.N) and L3 Technologies Inc (LLL.N) announced on Sunday an all-stock merger that will create the United States’ sixth-largest defence contractor with a market value of $34 billion.
Increased defence spending under U.S. President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from upgrading computer systems to space exploration.
In August, Trump signed a defence policy bill that authorized $639 billion in military spending such as buying weapons, ships, aircraft and paying troops.
“We are in an environment where the economy is pretty strong, we know defence spending is coming up, the 2019 (federal) budget is up 3 percent over 2018, 2018 was up 9 to 10 percent over the prior year,” Harris Chief Executive William Brown said in an interview.
“I think there is an increasing need for more investment, more end-to-end solutions,” Brown added.
The transaction values L3 at $15.7 billion, slightly above its market capitalisation at the end of trading on Friday of $15.3 billion. Harris has a market capitalisation of $18.2 billion.
L3 shareholders will receive 1.3 shares of Harris common stock for each of their shares. As a result, Harris shareholders will own about 54 percent of the combined company, with the remainder owned by L3 shareholders.
The combined company, L3 Harris Technologies Inc, will have about 48,000 employees and customers in over 100 countries, the companies said. The merger is expected to close in midyear 2019, they added.
The new company’s board of directors will have 12 members, consisting of six directors from each company. Brown will serve as chairman and chief executive officer, and L3 CEO Christopher Kubasik will serve as vice chairman, president and chief operating officer for the first two years following the closing of the deal, the companies said.
In the third year, Brown will transition to executive chairman and Kubasik will become CEO. After that year, Kubasik will be both chairman and CEO.
“The aerospace and defence industry is continuing to see a lot of change over the last year or so, and many people have believed for a long time this combination made sense and we have worked hard to make that happen,” Kubasik said in an interview.
A string of deals have taken place in the sector. In June, U.S. defence contractor Northrop Grumman Corp (NOC.N) acquired Orbital ATK Inc for about $7.8 billion, giving it greater access to lucrative government contracts and expanding its arsenal of missile defence systems and space rockets.
In April, weapons maker General Dynamics Corp (GD.N) bought CSRA Inc for $9.7 billion to expand its government services business, after CACI International Inc (CACI.N) withdrew its offer for CSRA following a bidding war.
Morgan Stanley (MS.N) is acting as financial adviser to Harris and Sullivan & Cromwell LLP is serving as principal legal counsel, with Paul, Weiss, Rifkind, Wharton & Garrison LLP acting as special counsel to the board of directors. Goldman Sachs Group Inc (GS.N) is acting as financial adviser to L3 and Simpson Thacher & Bartlett LLP is serving as legal counsel.
(The story adds expected closing date in paragraph 8, detail about new company’s leadership in paragraph 10)
(Reporting by Jarrett Renshaw and Harry Brumpton in New York; Additional reporting by Chris Sanders in Washington; Editing by Sandra Maler and Peter Cooney)
