Embraer plans to sell two aircraft parts factories in Evora, Portugal. (Embraer)
Brazilian aerospace and defence company Embraer has agreed to sell two airframe factories in Evora, Portugal, to Spain-based aerostructures manufacturer Aernnova for USD172 million, saying the divestiture will allow the facilities to diversify their customer base, attract more business, and boost their utilisation levels.
“This agreement is an important step towards [Embraer's] footprint optimisation strategic initiative, which aims to [make] better use of our assets and improve the company's profitability,” Embraer president and CEO Francisco Gomes Neto said on 12 January.
The plants, which have a total area of 68,900 sq ft (6,401 m2) and about 500 employees, are exclusively dedicated to Embraer programmes. They produce parts for wings and horizontal and vertical stabilisers for several types of Embraer aircraft, including business and commercial jets and the KC-390 Millennium military transport plane.
Under Aernnova's ownership, the Evora factories will continue making parts for Embraer aircraft while gaining the freedom to pursue work from other aircraft manufacturers. The deal is expected to close in the current quarter and add about USD170 million to Aernnova's annual revenue, according to Embraer.
US Army approves new top-attack, anti-tank landmine production
11 August 2022
by Ashley Roque
In 2018 the US Army released the illustration of its vision for a networked landmine concept. The service has awarded Textron Systems with a low-rate initial production contract to produce its new XM204 top-attack munition. (US Army)
The US Army awarded Textron Systems with a five-year, low-rate initial production contract to produce its new XM204 top-attack munition, a landmine designed to destroy combat vehicles.
Henry Finneral, the company's senior vice-president for weapon systems, told
on 9 August about the new contract inked in late July worth up to USD354 million. So far, he said the army has ordered 117 XM204 units and 38 trainers for delivery between July and late September 2023. Each subsequent order could range from 25 to 400-plus weapons, Finneral added.
This new weapon is part of the army's plan to replace its Family of Scatterable Mines (FASCAM), which it deems to be ‘nearing their end of useful life'. This replacement plan includes the XM204 top-attack munition and a future bottom-attack munition. Both would eventually be tied together to form a ‘full network capability'.
India reports growth in offsets value but says firms are missing deadlines
09 August 2022
by Jon Grevatt
The total value of discharged defence offsets in India has grown strongly since 2020, according to Indian MoD statistics. (Indian MoD)
Foreign companies have implemented defence offsets in India worth USD6.83 billion in the past 15 years, India's Minister of State for Defence Ajay Bhatt has said in parliament. This total, he added, represents 82% of foreign firms' total offset obligations in the period up until 1 August.
In his parliamentary reply, Bhatt said 15 foreign companies have “missed the first deadline” set for offset obligations but gave no details. He also pointed to measures that the Indian Ministry of Defence (MoD) has introduced to prevent foreign suppliers defaulting on, or delaying, their offset obligations.
“For unfulfilled offset obligations, penalties, as applicable, have been imposed on the defaulting vendors as per the governing defence offset guidelines,” said Bhatt. “Further, in genuine cases, re-phasing of offset obligations has been allowed to enable vendors to discharge the pending offset obligations.”
The US Army conducted its second live-fire test with Iron Dome at White Sands Missile Range in New Mexico. (US Army)
US Army soldiers recently used Rafael Advanced Defense Systems' Iron Dome during a live-fire test against cruise missile threats, the Israel Missile Defense Organization (IMDO) announced on 2 August.
The service acquired two Iron Dome batteries as an ‘interim' cruise missile defence capability following a congressional mandate. However, the service has not yet fielded the weapon and is continuing to test it out.
During the recent test at White Sands Missile Range in New Mexico, soldiers from the 3rd Battalion, 43rd Air Defense Artillery Regiment “successfully” detected, tracked, and intercepted multiple cruise missile and unmanned aerial system surrogate targets, according to the IMDO.
“This is the second interception test since the two batteries were supplied to the US Army at the end of 2020,” IMDO Director in the Israeli Ministry of Defense Moshe Patel said in the statement. “In this test as well, the system intercepted all the threats, while being interoperable with US systems.”
In this episode of The World of Intelligence we speak with Neil Spencer on the value of OSINT in the commercial sector.
Neil Spencer is the Director of Strategy and Partnerships for LifeRaft. He has more than twenty years of security indust...