19 November 2021
by Marc Selinger
QinetiQ Group conducted an “unsuccessful acquisition activity” in the first half of fiscal year (FY) 2022, according to the UK-based defence contractor.
QinetiQ did not identify its acquisition target; however, it reported that it incurred GBP4.1 million (USD5.5 million) in costs for the activity. “It was a very big focus earlier in the year for us,” chief financial officer David Smith said on 11 November.
Despite the unrealised purchase, QinetiQ remains committed to pursuing mergers and acquisitions (M&A) “in a number of geographies”, especially in the United States, Smith told analysts.
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.
11 April 2024
by Zach Rosenberg
A Nigerian A-29 Super Tucano is pictured here. Embraer Defence CEO Bosco da Costa sees potential for up to 450 Super Tucanos over 20 years, including from Africa. (US Africa Command Public Affairs)
Embraer Defence & Security sees a market for up to 490 A-29 Super Tucano trainer and attack aircraft over the next two decades, Embraer president and CEO Bosco da Costa Jr told Janes on 10 April at the FIDAE 2024 airshow in Santiago, Chile.
11 April 2024
by Olivia Savage
Saab has been contracted to upgrade the army's live training capability. Pictured are troops practising their debussing drills from a Saab DFWES-equipped Warrior infantry combat vehicle in Alberta. (Janes)
The British Army has signed a GBP60 million (USD75.7 million) three-year support contract with Saab to improve its live training capability.
The contract – Instrumented Live Training (ILT-D) – is replacing the existing Direct Fire Weapon Effects Simulator (DFWES) contract with Saab and will involve modernising its live training capabilities to improve interoperability and address obsolescence.
QinetiQ Group conducted an “unsuccessful acquisition activity” in the first half of fiscal year (FY)...
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...
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