14 February 2022
by Marc Selinger
Aerojet Rocketdyne test-fires a solid rocket motor. (Aerojet Rocketdyne)
Lockheed Martin has abandoned its proposed takeover of propulsion manufacturer Aerojet Rocketdyne, citing efforts by the US Federal Trade Commission (FTC) to derail the USD4.4 billion deal.
“Our planned acquisition of Aerojet Rocketdyne would have benefitted the entire industry through greater efficiency, speed, and significant cost reductions for the US government,“ Lockheed Martin chairman, president, and CEO James Taiclet said on 13 February. “However, we determined that in light of the FTC's actions, terminating the transaction is in the best interest of our stakeholders.”
Since unveiling its proposed purchase over a year ago, Lockheed Martin has argued that bringing the propulsion provider in-house would make designing and building missiles and rockets more efficient. However, the FTC sued to block the transaction in late January, saying the combination could reduce competition in the missile market because Aerojet Rocketdyne is the last independent provider of missile propulsion in the United States.
Although Lockheed Martin could have chosen to oppose the lawsuit, it might have faced an uphill battle, as the FTC unanimously supported the lawsuit despite being evenly split between Democratic and Republican commissioners.
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.
Lockheed Martin has abandoned its proposed takeover of propulsion manufacturer Aerojet Rocketdyne, c...
In this podcast Janes analysts discuss the Iranian attacks on Israel on the 14 April. They highlight the military systems used by Iran and the performance and impact of these on Israel. They also discuss the implications of this attack goi...
Listen now