13 January 2022
by Marc Selinger
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.
24 April 2024
by Jeremiah Cushman
Saab has developed an autonomy package for its CB 90 fast boat and demonstrated its ability to navigate the Swedish coast. Pictured above is a CB 90 that was delivered to Malaysia. (Dockstavarvet)
Saab has established a new business function to revamp how it develops and delivers products to meet changing customer requirements. Skapa, a Swedish word that means “to create, to make, or to shape”, will focus on solving customer and stakeholder problems at speed, Erik Smith, president and CEO of Saab in the United States, told reporters on 23 April. “Skapa will accelerate the development and deployment of cutting-edge solutions to our warfighters” at pace, he said.
24 April 2024
by Giles Ebbutt
The XR Training consortium's USMC Amphibious Combat Vehicle driver simulator in its seat configuration with two DoF motion platform. The Vive HTC Elite headset is on the seat. The Instructor station laptop is on the table behind. (XR Training)
A consortium led by XR Training has been awarded a contract by the US Marine Corps (USMC) under an Other Transaction Agreement (OTA) to produce a driver training simulator for the new Amphibious Combat Vehicle (ACV). The value of the contract was not disclosed but Neil Levin, XR Training CEO, told Janes that it was “in the high seven-figure area”.
The consortium, which also includes Talon Simulations (hardware), 302 Interactive (software development), and Theory Studios (modelling and visuals), will deliver 81 simulators by the end of 2024, followed by a two-year training and sustainment period. Most simulators will be deployed to Camps Pendleton and Lejeune, with some for use for “schoolhouse” training and some for deploying units.
18 April 2024
by Jeremiah Cushman
Actual and planned Canadian defence spending by category from 2021–22 to 2026–27. (Janes)
The Canadian government released its fiscal year (FY) 2024 defence budget on 16 April. The document projects spending of CAD33.8 billion (USD24.6 billion) in 2024–25, including adjustments from the Budget 2023 Refocusing Government Spending Exercise and incremental funding in the 2024 budget, although it warns that forecast amounts may change as programmes move through implementation. This is an increase from the forecast CAD29.9 billion spending in 2023–24, according to the document.
The 2024–25 main estimates produced by the Treasury Board projected defence spending of CAD30.6 billion, a small increase from the latest spending estimate for 2023–24, which totalled CAD30.3 billion. This is a 14% increase over the initial 2023–24 main estimate of CAD26.5 billion, according to Treasury Board figures. Expenditures in 2022–23 totalled CAD26.9 billion.
Brazilian aerospace and defence company Embraer has agreed to sell two airframe factories in Evora, ...
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