By Murdo Morrison2021-07-29T20:03:00+01:00
Civil aerostructures was the only brake on growth in a strong first half for Italian aerospace and defence champion Leonardo.
Source: Leonardo
Leonardo’s M-346: defence programmes have helped the company to healthy financial performance
The company reported on 29 July year-on-year revenues up almost 8% to €6.3 billion ($7.5 billion), and orders 9.5% higher at €6.7 billion, with several of its defence businesses – including aircraft, electronics and helicopters – seeing double-digit increases.
However, despite “positive signs” of a recovery, particularly in the regional sector, according to chief executive Alessandro Profumo, revenues at Leonardo’s civil aerostructures unit fell more than 35% to €305 million, a result of the slow-down of the Boeing 787 and ATR programmes.
2021-05-20T09:15:00+01:00
Apparent accord between three European nations on their future fighter project is positive, but a lack of detail on the agreement’s practicalities leaves many unanswered questions
For a while it had seemed doubtful that an accord might ever be reached between France, Germany and Spain to allow their Future Combat Air System (FCAS) to progress to the next stage of development.
Source: Bundeswehr
Plus ca change?
There had seemed too many obstacles to progress, notably the thorny issues of workshare and intellectual property.
Dassault Aviation was particularly outspoken about the potential dilution of its role in the process.
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Share Lockheed Martin’s Joint Air-to-Surface Standoff Missile has quickly secured export sales since it was first fielded a decade ago. The weapon has also evolved into the Long-Range Anti-Ship Missile for the U.S. Navy and Air Force.
Credit: AviaKinetic/TurboSquid
Thirty years ago, news cameras shot shaky imagery of long tubular missiles flying across the Baghdad skyline. They were a mix of Raytheon Tomahawks launched from U.S. Navy warships in the Arabian Sea and Boeing AGM-86 Air Launched Cruise Missiles, released from Boeing B-52s in the final moments of their flights, closing in on targets in the city center with a precision never seen in previous conflicts.
the short take-off and vertical landing variant of the jet designed for use on aircraft carriers the original target was to have 138 of the stealth aircraft in service with the British military in the coming years.
Then in the late summer, it was reported that Britain would scale back those plans, and instead would only acquire around seventy of the stealth aircraft, which would enable it to have sixty in service and keep an additional ten as back-ups in case of damage or malfunction.
Now the UK is changing course once again. Last month, the UK government announced that it would significantly increase its military budget, and in terms of spending would trail only the United States and China.