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TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes. “We are committed to progressing our recommended offer.”

Parker announced its Meggitt offer on 2 August, saying the two companies could better serve their customers by combining their complementary motion and control system portfolios. TransDigm unveiled its higher bid nine days later. Both proposals prompted the UK Department for Business, Energy & Industrial Strategy (BEIS) to say the UK government was “closely monitoring” Meggitt's fate for national security reasons.

https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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Already a Janes subscriber? Keep reading


UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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Already a Janes subscriber? Keep reading


UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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Already a Janes subscriber? Keep reading


DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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


USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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https://www.janes.com/defence-news/transdigm-ends-bid-for-meggitt/

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided ...

TransDigm ends bid for Meggitt

by Marc Selinger

Meggitt is based in Coventry, England. (Meggitt)

Meggitt is based in Coventry, England. (Meggitt)

Less than a month after making an informal proposal to acquire Meggitt, TransDigm Group has decided against submitting a formal offer, leaving Parker Hannifin Corporation as the sole suitor for the UK-based company.

After reviewing the due diligence information that Meggitt made available, TransDigm was unable to conclude that its proposed GBP7.03 billion (USD9.7 billion) acquisition would meet its investment return goals, TransDigm said on 7 September.

TransDigm chairman Nick Howley asserted that the information Meggitt provided was “quite limited”, creating “uncertainties” about a potential transaction. Meggitt insisted it gave the two US-based suitors “equivalent access” to information and management.

In light of TransDigm's withdrawal, Meggitt said its board of directors continues to recommend that its shareholders approve Parker's GBP6.25 billion offer at a 21 September meeting. “The board of Meggitt believes the Parker offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes, and customers, together with [the UK] government, for the long term,” Meggitt said.

Parker confirmed that the TransDigm withdrawal has not altered its plans. “Nothing changes for us,” Parker spokesman Aidan Gormley told Janes


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Already a Janes subscriber? Keep reading


DSEI 2021: Fabrique Nationale displays FN EVOLYS LMG for first time in UK

by Thomas Ford

Fabrique Nationale (FN) Herstal displayed its new FN EVOLYS light machine gun (LMG) at DSEI 2021 on 14 September, marking the first time the weapon was displayed in the UK.

Kristof Verjans, one of FN's demonstration team, showcased the self-correcting lateral feed system of the EVOLYS, which eliminates any risk of the weapon being improperly loaded by a user under stress, with the feed tray designed to work with the feed cover to push the rounds into the correct position and retaining them with spring loaded brackets.

Verjans also demonstrated the new hydraulic buffer system, which is integrated into the working parts of the weapon, departing from previous FN machine gun designs where the buffer was part of the rear of the receiver. The buffer, like the feed system, is also self-correcting and self-regulating, automatically maintaining a constant rate of fire regardless of the calibre the weapon is chambered in or how long the weapon has been firing.


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Already a Janes subscriber? Keep reading


UK to deploy more intelligence personnel to monitor Russia and China

by Tim Ripley

Additional UK military intelligence personnel are being deployed to overseas locations as part of growing strategic competition with Russia and China, according to the head of the UK's Defence Intelligence organisation.

During a rare public appearance at DSEI 2021 in London on 16 September, the organisation's chief, Lieutenant General Jim Hockenhull, said this was part of a wider revamp of how Defence Intelligence gives early warning of crises to political decision makers and monitors the build-up of Chinese and Russian military capabilities.

He said this involves a move away from reliance on traditional classified intelligence-collection methods towards the exploitation of open-source information and commercial services, as well as the use of machine learning and artificial intelligence to process the “deluge of information” now available to intelligence analysts.


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USN shipbuilding plan could cut total number of missile VLS cells, CBO says

by Michael Fabey

The 30-year US Navy (USN) shipbuilding plan released in June could reduce the number of missile vertical launch system (VLS) cells, according to a Congressional Budget Office (CBO) report, which was released on 16 September.

“The force structure goals expressed in the navy's [fiscal year (FY)] 2022 plan have a significant implication for how the distribution of VLS cells on the navy's surface could evolve,” the report noted.

“As a result of those changes (and CBO's assumptions about how those changes would be implemented), more surface combatants and unmanned systems would carry VLS cells, but the total number of VLS cells would be smaller,” it added.

The CBO said that the fleet's total VLS cell capacity represents one of the most important measures of the navy's offensive and defensive firepower.

“In the navy's objective force, the overall firepower (measured by the number of VLS cells) of the surface combatants would be less than it is today, but that force would pose a much harder targeting problem for an opposing fleet because the VLS cells would be deployed on many more ships,” the CBO reported.


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