The publicly traded aerospace and defense (A&D) sector saw its share prices fall 16% collectively in 2020, with commercial aerospace companies plummeting 21% and defense companies dropping 8%, according to Vertical Research Partners.
The first Su-57 Felon fighter appears to have been handed over to the Russian Ministry of Defense this month, with reports from spotters as the only confirmation.
The Japanese Defense Ministry on Dec. 18 formally announced it has selected Lockheed Martin to provide “system integration support” to Mitsubishi Heavy Industries in developing its F-X fighter.
Saab is studying life extension options for Sweden’s Gripen fighter fleet after the country’s government approved plans to keep the type in service beyond 2030.
A new contract to replace five CC-150 multirole tanker-transports operated by the Royal Canadian Air Force has started a process to qualify companies to enter a competition.
In an ignominious end for the fleet, the five Sentinels “are not for reuse” the defense ministry stated, as it called for expressions of interest in the disposal of the radar reconnaissance platform.
Competitors wasted little time taking advantage of the U.S. Commerce Department announcement that it had added Chinese drone manufacturer DJI to its export blacklist.
Easy Aerial and the U.S. Air Force’s 60th Security Forces Sqdn. started the first automated drone-based perimeter security and monitoring system for a U.S. Air Force installation, Travis AFB in California, on Dec. 11.
With both the platforms and weapons for the future nuclear enterprise set, the U.S. Navy and Air Force are now plotting the future of the airborne command and control systems.
The agreement on the all-cash transaction includes a $5 per share, pre-closing special dividends to Aerojet’s shareholders, reducing the post-dividend value of the deal to $4.6 billion.
An independent report commissioned by Lockheed Martin suggests that the F-35 program could generate as much as £40 billion ($53.9 billion) for the UK economy up to 2038.
