Thales Provides Expeditionary Operations Centre Demonstrator to French Navy for Drone-Based Mine Countermeasures Missions

Key Facts Thales took less than six months to develop the Expeditionary Portable Operations Centre (e-POC), a lightweight, full-function mission planning, management and analysis demonstrator for mine countermeasures operations relying on unmanned underwater vehicles (UUVs). The innovative demonstrator is a small form-factor, easily transportable operations centre that will enhance force agility by allowing naval operators…

Read More

Lockheed Martin and Navantia Ink New Memorandum of Agreement

Lockheed Martin, the global aerospace and deterrence company, has extended its collaboration agreement with Navantia, Spain’s national defense and shipbuilding company and naval Combat System Integration agent. This agreement signed by Lockheed Martin executives Chauncey McIntosh and Joe DePietro, and by Navantia executives Donato Martínez and José Manuel Mondéjar, will extend the current agreement three…

Read More

BAE Systems bags US Navy contract to continue supporting Mobile Deployable C5ISR programs

The US Navy has awarded BAE Systems a contract worth approximately $86 million to continue supporting its Mobile Deployable Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance (MDC5ISR) programs. Noteworthy, the five-year contract from the US Naval Air Systems Command’s Naval Air Warfare Center Aircraft Division Webster Outlying Field Special Communications Mission Solutions…

Read More

KONGSBERG investing in increased missile production capacity

Financial support from the Norwegian authorities and EU’s ASAP program contributes to Kongsberg Defence & Aerospace (KONGSBERG) investing in more than NOK 640 million to increase their missile production capacity. The security policy situation in Europe has increased the need to ensure the availability and supply of ammunition and missiles. Last year, the European commission…

Read More

Rheinmetall closes fiscal year 2023 with record earnings and order backlog figures

KEY FACTS Fiscal year 2023 Consolidated sales grow by 12% to €7,176 million EBIT before purchase price allocation stands at €968 million Operating result improves by 19% to a new record figure of €918 million Group’s operating margin increases to 12.8% after 12.0% in the previous year Another all-time high in the Rheinmetall backlog of €38.3 billion, increase of 44% (previous year: €26.6 billion) Dividend proposal of €5.70 per share, after…

Read More