March 4th, 2011 by David
London-based Cobham has blamed contracting US defence and security budgets for a slowdown in demand set to stymie revenue growth.
The defence components manufacturer posted pre-tax profits of £306m for 2010, up 4% from the previous year.
The firm’s chief executive Andy Stevens said a current freeze in US defence budget to 2010 levels will halt Cobham’s revenue growth in 2011 at the £1.63bn ($2.65 billion) made last year.
Cobham’s components formed a part of both the successful Boeing-led bid and the unsuccessful EADS proposal to supply the US Air Force with 179 KC-X future tanker aircraft.
February 25th, 2011 by David
Boeing has defeated EADS to win a contract worth $35bn to replace the US Air Force’s fleet of aerial refuelling aircraft with its KC-767 aircraft.
Boeing says the contract calls on it to design, develop, manufacture and deliver 18 initial combat-ready tankers by 2017.
Boeing and EADS had tabled rival bids for the $35bn deal.
In 2008 EADS was announced to have won the contract with with US partner Northrop Grumman.
The award was withdrawn after the US Government Accountability Office upheld Boeing’s objections that the award process has been flawed.
The Boeing and EADS / Grumman Northrop’ bids both highlighted their US credentials.
Boeing is US-based and EADS is French-based, but both companies said the deal would provide around 50,000 US-based jobs, with aircraft production taking place in the US.
The KC-45 aircraft built by EADS is based on the Airbus 330 commercial airliner.
The KC-767, based on the Boeing 767 commercial airliner, will replace 179 Boeing KC-135 tankers.
The US Air Force presently has 400 KC-135s in service. The KC-135 was based on the Boeing 707 airliner, entered service in 1957, with production ceasing in 1965.
“Our team is ready now to apply our 60 years of tanker experience to develop and build an airplane that will serve the nation for decades to come,” said Jim McNerney, Boeing’s chairman, president and chief executive.
February 24th, 2011 by David
Krauss Maffei Wegmann (KMW) has signed a service framework deal with Daimler AG.
The contract is to repair and maintain the German armed forces’ fleet of Mercedes-Benz trucks and vehicles used in Afghanistan.
The deal extends to all Mercedes vehicles operated by the Bundeswehr in Afghanistan, Kosovo, on Nato, UN and EU missions.
February 24th, 2011 by David
Thales Australia and General Dynamics Ordnance and Tactical Systems have signed a long-term partnership agreement for the Australian ordnance market.
The 10-year deal will see General Dynamics provide technology to Thales, which will continue to provide Australia’s defence department with munitions.
February 23rd, 2011 by David
German manufacturer Krauss-Maffei Wegmann (KMW) has signed a partnership deal with Indian firm Ashok.
Chennai-based Ashok is India’s largest military logistics vehicle supplier.
Ashok and KMW have signed a joint venture contract to develop armoured vehicles for the Indian Army.
The firms announced the deal at the IDEX defence show in Abu Dhabi, United Arab Emirates.
The memorandum of understanding covers armored wheeled vehicles, recovery vehicles, artillery and combat systems, bridge layers, and other associated vehicles.