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Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes he does not expect his company to encounter the same problems in obtaining European Commission approval that prompted US-based Spirit AeroSystems to cancel its proposed USD420 million takeover of Asco last year. Unlike Spirit, Montana does not directly compete with Asco, so its acquisition should not raise concerns about reducing competition, he said.

Pistauer estimated that Montana would close its transaction by the first quarter of 2022.

Asco is part of the BeLightning joint venture, which is gearing up to build horizontal tails in Belgium for the Lockheed Martin F-35 Lightning II. Asco already makes flaperons, or moving flight control surfaces, for the F-35.

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https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


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Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


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Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


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Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


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https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


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Already a Janes subscriber? Keep reading


Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


Get the full article by
Already a Janes subscriber? Keep reading


Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


Get the full article by
Already a Janes subscriber? Keep reading


Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


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https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


Get the full article by
Already a Janes subscriber? Keep reading


Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


Get the full article by
Already a Janes subscriber? Keep reading


Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


Get the full article by
Already a Janes subscriber? Keep reading


Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


Get the full article by
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https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


Get the full article by
Already a Janes subscriber? Keep reading


Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


Get the full article by
Already a Janes subscriber? Keep reading


Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


Get the full article by
Already a Janes subscriber? Keep reading


Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


Get the full article by
Already a Janes subscriber? Keep reading


Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


Get the full article by
Already a Janes subscriber? Keep reading


Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


Get the full article by
Already a Janes subscriber? Keep reading


Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


Get the full article by
Already a Janes subscriber? Keep reading


Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


Get the full article by
Already a Janes subscriber? Keep reading


Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


Get the full article by
Already a Janes subscriber? Keep reading


Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/montana-aerospace-to-buy-asco-industries/

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industri...

Montana Aerospace to buy Asco Industries

by Marc Selinger

Asco Industries is a supplier for the F-35 Lightining II. (US Air Force)

Switzerland-based Montana Aerospace has agreed to purchase fellow aircraft parts maker Asco Industries of Belgium, saying the deal, which requires regulatory approval, would expand its offerings.

“With the acquisition of Asco Industries, Montana Aerospace will further strengthen its competences in product design, testing, and manufacturing of hard metal components and assemblies for wing and fuselage structures,” Montana said on 7 September.

Asco CEO Christian Boas said that joining the larger company will give Asco access to more opportunities. Asco, which is family-owned, has 1,200 employees at four locations in Belgium, Canada, Germany, and the United States, while Montana Aerospace, which is listed on the Zurich stock exchange, has 5,000 employees at 28 locations on four continents.

Asco generated yearly sales of “up to EUR260 million” (USD307.5 million) from 2018 to 2020, Montana said. Financial terms of the acquisition were not disclosed.

Michael Pistauer, Montana Aerospace's chief financial officer, told Janes


Get the full article by
Already a Janes subscriber? Keep reading


Australian industry groups urge Canberra to seize submarine capability opportunity

by Jon Grevatt & Jon Grevatt

Australia's leading industrial organisations have welcomed Canberra's decision to procure nuclear-powered submarines through the country's newly announced AUKUS security partnership.

Senior representatives from the Australian Industry & Defence Network (AIDN) and the Australian Industry Group (Ai Group) told Janes on 16 September that the decision represents an opportunity for local industry to develop world-leading submarine capability.

However, they also pointed out that for these benefits to be fully realised, the government needs to ensure that local industry is fully involved in the submarine development and production programme.

This is reflective of continuing concerns in Australia that local firms – particularly small and medium-sized enterprises (SMEs) – are not always given an opportunity to participate in major defence procurement programmes.

Brent Clark, the CEO of AIDN, told Janes, “This is a genuine once-in-a-lifetime opportunity … to enable Australian industry to work with US and UK counterparts and to facilitate the necessary upskilling and technology transfers so that Australian industry can fully support the new submarine. We cannot afford to waste this opportunity.”


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Doubts hang over NATO and EU's ability to procure quickly from small tech players

by Brooks Tigner

Both NATO and the European Union are keen to work with dual-use technology companies and start-ups for the disruptive technologies they seek. Yet each – and particularly NATO – faces formidable challenges to flexibly apply their heavy procurement rules in favour of small players, as officials from both organisations acknowledge.

“We know that SMEs [small and medium-sized enterprises] don't have the capacity to deal with the paperwork since there are certain rules we have to comply with, which limits what we can do to reduce red tape,” said François Arbault, head of defence industry policy at DG DEFIS, the European Commission's defence and space department. He and others addressed the Armed Forces Communications and Electronics Association (AFCEA) Europe's annual conference in Brussels on 14-15 September.

Arbault's unit oversees disbursement of the EU's new European Defence Fund (EDF), worth EUR8 billion (USD9.4 billion) for 2021-27, two-thirds of which will support defence capability development.

“However, we have to do our best to reduce it [paperwork] because if our 27 member states see in 2028 that most of the money has gone to just a few big players or countries, they'll never go for this [the EDF] again,” he said.


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Australia deals submarine blow to France but says strategic issues a priority

by Jon Grevatt

The French government and Naval Group have expressed anger and disappointment at Australia's decision to cease its procurement of Attack-class submarines in favour of a nuclear-powered platform through a new security partnership with the UK and the US.

The Australian government has not commented on the possible repercussions of the decision on its relationship with France. Instead, it has emphasised that its decision was influenced by strategic considerations.

In an emailed statement to Janes, Naval Group said, “The Commonwealth decided not to proceed with the next phase of the [Attack-class] programme. This is a major disappointment for Naval Group.”

“For five years, Naval Group teams, both in France and in Australia, as well as our partners, have given their best and Naval Group has delivered on all its commitments,” said the company, which is majority-owned by the French government. “The analysis of the consequences of this sovereign Australian decision will be conducted with the Commonwealth of Australia in the coming days.”

The French Armed Forces Ministry's statement on its website was stronger. The ministry called the submarine announcement a “regrettable decision” that is “contrary to the letter and spirit of co-operation” between France and Australia.


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