ADEX 2021: Hanwha deepens collaboration with Israeli firms
22 October 2021
by Jon Grevatt
Hanwha Systems and Elta Systems have signed an agreement to explore opportunities to export AESA radars. In recent years, the two companies have collaborated on Hanwha's project to develop an AESA radar (pictured) for the KF-21 Boramae future fighter. (Defense Acquisition Program Administration)
South Korean firm Hanwha Systems has signed agreements with Israeli companies Elbit Systems and Elta Systems, a subsidiary of Israel Aerospace Industries (IAI), to pursue opportunities for technology co-operation and trade.
Hanwha Systems said on 21 October that the agreements – signed at the Seoul International Aerospace & Defense Exhibition (ADEX) – are focused on capabilities such as active electronically scanned array (AESA) radars, urban air mobility (UAM), and avionics.
Hanwha Systems' agreement with Elta Systems will look to collaborate on exporting AESA radars. Such efforts will integrate Hanwha Systems' radar antenna and Elta's radar signal processor, a press release stated.
The co-operation will also look to leverage the companies' joint work on developing an AESA radar for South Korea's KF-21 Boramae future fighter aircraft, which is being developed by Korea Aerospace Industries (KAI).
India and Russia agree on new deals to strengthen defence ties
07 December 2021
by Rahul Bedi
India and Russia deepened their long-standing defence alliance during Russian President Vladimir Putin's visit to New Delhi on 6 December by inking two agreements to advance strategic and military co-operation.
These agreements comprised a INR51.24 billion (USD680 million) deal to produce in northern India 601,427 Kalashnikov AK-203 assault rifles for the Indian armed forces, and the renewal of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC) until 2031.
Both accords were signed at the inaugural ‘2+2 dialogue' between the two countries' defence and foreign ministers ahead of a summit meeting between Putin and Indian Prime Minister Narendra Modi.
The deal to procure 7.62 mm AK-203 rifles through a Russian technology transfer was agreed in principle in 2019. The project will be undertaken by Indo-Russian Private Limited (IRPL) in Korwa, which operates as a joint venture (JV).
Industry officials told
that under the agreement, India would initially import 20,000 AK-203s from Russia for USD1,100 each over the next few months to meet the Indian Army's urgent operational needs.
SAMI launches joint ventures with French industry as aerospace sector grows
06 December 2021
by Charles Forrester
Saudi Arabia's SAMI is expanding its capabilities in aircraft component manufacture following the creation of JVs with Airbus and Figeac Aero. (Getty Images.)
Saudi Arabian Military Industries (SAMI) announced the creation of two joint ventures (JVs) with French industry on 4 December as part of the organisation's expansion into the aerospace industry.
The first JV agreement was signed with Airbus, covering maintenance, repair, and overhaul (MRO) and service provision for military aircraft. The JV will be 51% owned by SAMI, and will be primarily based in Riyadh, with an additional presence at the Prince Sultan Air Base in Al-Kharj.
The JV is anticipated to commence operations in 2022 and will initially focus on providing support for the Airbus A330 Multi-Role Tanker Transport (MRTT) and Airbus C295 aircraft. Support for additional platforms in the future may be considered, according to a statement from SAMI. The Royal Saudi Air Force (RSAF) currently operates six Airbus A330-200 MRTT aircraft, while the Ministry of Interior operates four C295Ws.
US information technology business BigBear.ai, which announced in June that it would become a publicly traded company, said on 3 December that it expects to complete the process within days.
BigBear.ai said its merger with a publicly held special-purpose acquisition company will be completed on or about 7 December and that the combined entity, which will adopt the BigBear.ai name, will begin trading on the New York Stock Exchange (NYSE) on 8 December. The company declined to say why it will be listed on the NYSE instead of the Nasdaq as originally planned.
BigBear.ai intends to use the USD330 million in proceeds from the transaction to fund product development, acquisitions, and expanded sales and marketing. The company provides artificial intelligence, cloud migration, cyber security, data analytics, software development, and other services to the US Department of Defense, the US Intelligence Community, other US federal agencies, and commercial customers.
BigBear.ai was formed by US private equity firm AE Industrial Partners in February by combining NuWave Solutions and PCI Strategic Management.
The Power of Geography: A conversation with Tim Marshall
In this episode of the Janes podcast, Tim Marshall, journalist and author of The Power of Geography, in conversation with Terry Pattar, examine how our politics, demographics, economies and societies are determined by geography.
Tim Marshall w...