All three partners will retain an equal 33.3 percent shareholding in the JV and it will be headquartered in the UK, in order to “ensure maximum alignment and collaboration with the GCAP International Government Organisation (GIGO),” which is also due to be based in the region.
By Tim MartinThe last two Typhoons on order at the Warton facility are set to be delivered in 2025, meaning BAE needs to find more export customers to keep fresh a workforce it is counting on to make the sixth-gen GCAP fighter in the future.
By Tim Martin“We are at the disposal of the German system as a commercial partner, as an industrial partner, depending on their strategy,” said Fincantieri CEO Pierroberto Folgiero.
By Tim MartinOver the last 12 months, weapon assessment phase activities have included a first TP15 ultra Low Observable [LO] subsonic prototype missile undergoing “extreme” RF trials, and wind tunnel propulsion system testing of a RJ10 supersonic variant.
By Tim MartinCiting new space-based threats, Rome and Washington pledge to work more closely in orbit and are paving the way for US space launches from Italian soil.
By Theresa HitchensThe Defense Security Cooperation Agency said the sale of the electronic warfare system to Italy would “improve Italy’s capability to meet current and future threats by increasing interoperability with the United States Air Force (USAF) and disrupting enemy command and control communications when Italy is contributing to overseas contingency operations.”
By Lee FerranFrench manufacturer Thales, which makes the air defense platforms under the Eurosam joint venture with European missile house MBDA, welcomed the French order, calling it “an additional step towards the renewal of the European Medium-Range Air Defence ground capabilities.”
By Tim MartinThough planned purchases are short of a targeted 131-plane fleet, the ministry of defense says the buy will “improve Italy’s geopolitical positioning” in the context of European security.
By Tim MartinDenmark was also approved to potentially receive thousands of GPS guidance kits for 155mm shells.
By Michael MarrowOn June 25, Allied Command Transformation announced that NATO’s ruling North Atlantic Council had officially approved the establishment of a new Space Branch within the command, to be led by a senior French Air and Space Force Officer.
By Theresa HitchensUS Space Command’s recently realigned and renamed Joint Commercial Operations cell is one example of successful joint operations, agreed the four European space leaders.
By Theresa HitchensExecutive Dave Johnson told Breaking Defense that European customers are trying to “build up capability” after watching the conflicts in Ukraine and the Middle East.
By Ashley RoqueThe joint venture, dubbed Maestral, “will be awarded prime rights to non-NATO orders, and a number of strategic orders placed by selected NATO member countries … ,” according to a statement issued by the firm today.
By Agnes HelouTerms of the acquisition include the shipbuilder paying a fixed fee of €300 million ($323 million), and “based on certain growth assumptions,” an additional €115 ($124 million) directly relating to performance of the underwater armaments business this year.
By Tim Martin