http://www2.janes.comJane's Defence Magazines Libraryen-gbCopyright: (C) Jane's Information Group. All rights reserved.http://www8.janes.com/public/images/janes_rss.gifhttp://www2.janes.comVisit http://www2.janes.comhttp://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41522.htm@current&Prod_Name=JDWThyssenKrupp Marine Systems (TKMS) has confirmed that it has held talks with companies interested in acquiring its troubled Greek subsidiary, Hellenic Shipyards SA. The parent company told Jane's that talks have yet to develop into negotiations, however. Wrangles concerning contracts with the Greek government relating to Type 214 and Type 209 submarines led TKMS to remark earlier this year that Hellenic Shipyards is facing a "very difficult situation financially". - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80138.htm@current&Prod_Name=JDINAustralian company Metal Storm expects to receive a critical lifeline payment from foreign investor Assure Fast Holdings Limited (AFHL) no later than 23 November, although the deal has stalled on numerous occasions so far. A Metal Storm statement said: "The first-tranche payment for new equity of AUD2.1 million [USD1.925 million] is expected on 20 November but no later than close of business Monday [23 November]. While expressing confidence that the first-tranche payment would be received ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41524.htm@current&Prod_Name=JDWIsrael's Elbit Systems has completed its acquisition of BVR Systems Ltd for GBP34 million (USD57 million), it was announced on 19 November. Located in Rosh HaAyin, Israel, BVR Systems develops and produces training, simulation and debriefing systems for air, sea and ground forces. Elbit Systems first announced that it had agreed to purchase BVR Systems on 20 July. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41523.htm@current&Prod_Name=JDWElectronic components supplier Arrow Electronics has agreed to buy AE Petsche: a US-based supplier of speciality wires, cables and relays for the aerospace and defence sectors. While Arrow did not disclose the terms of the agreement, it said the acquisition is expected to add earnings per share of between USD0.1 and USD0.12 in 2010. Based on comparable acquisitions in the sector and the expected contribution of AE Petsche to earnings, Jane's believes a transaction price in the region of USD80... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41521.htm@current&Prod_Name=JDWA proposal by EADS Deutschland and Indian firm Larsen & Toubro (L&T) to form a defence joint venture (JV) in India has been deferred for a fifth time by the Indian Foreign Investment Promotion Board (FIPB). It also said that it had approved a proposal by Indian firm Vyoneesh Technologies to create a defence JV with an unspecified foreign company to develop defence electrical equipment. An Indian-based source close to the EADS/L&T proposal told Jane's on 17 November that, despite the continued... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41515.htm@current&Prod_Name=JDWAustralian company Metal Storm expects to receive a critical lifeline payment from foreign investor Assure Fast Holdings Limited (AFHL) no later than 23 November, although the deal has stalled on numerous occasions so far. A Metal Storm statement said: "The first-tranche payment for new equity of AUD2.1 million [USD1.925 million] is expected on 20 November but no later than close of business Monday [23 November]. Following this investment, AFHL will lend Metal Storm a further USD17.5 million. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41472.htm@current&Prod_Name=JDWUS private equity firm JF Lehman & Company has agreed to sell guidance and navigation systems specialist Atlantic Inertial Systems to Goodrich Corporation for USD375 million. Atlantic will be integrated within Goodrich's Sensors and Integrated Systems business within its Electronic Systems unit. Atlantic Inertial Systems comprised BAE Systems' Inertial Products business (which was housed within what was then the Electronics & Integrated Solutions unit). - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80141.htm@current&Prod_Name=JDINChemring has raised USD280 million through the placement of loan notes with insitutional investors in order to fund the acquisition of Hi-Shear Technology - the group's largest purchase to date. A total of USD80 million will mature in November 2016, followed by USD200 million in November 2019. In addition to funding the purchase of Hi-Shear Technology, Chemring said it would repay existing short- and medium-term debt and provide additional working capital facilities for the group. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80143.htm@current&Prod_Name=JDINUS-based Global Defense Technology and Systems initial public offering (IPO) has been priced at USD13 per share: somewhat lower than market expectations. This suggests that the company will raise USD39 million from the sale of three million shares (an additional 1.6 million will be sold to stockholders, although Global Defense itself will not benefit). Global Defense is being spun off from its privately held parent company, Global Strategies Group. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41506.htm@current&Prod_Name=JDWIsrael is to accelerate its production of Arrow-2 anti-ballistic missile interceptors in case of a potential conflict with Iran, Defence Minister Ehud Barak said on 17 November. The Arrow Weapon System (AWS) is currently designed to launch two Arrow-2 interceptors against any incoming missile. The final price of the system will eventually be "significantly lower" than existing US systems such as the Terminal High-Altitude Air Defense system or the Standard Missile-3, Colonel Guy Aviram of the... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41497.htm@current&Prod_Name=JDWTurkish company Aselsan has completed the production of 171 Volkan fire-control systems for the country's Leopard tanks. According to the Aselsan officials, the Volkan fire-control system is capable of detecting, recognising, identifiying and firing at targets from long range, both in adverse weather and battle conditions. Additionally, Aselsan has been negotiating with Chile to install the systems onto Leopard tanks in the inventory of the Chilean Army, local defence industry sources said. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41512.htm@current&Prod_Name=JDWSenior defence sources have told Jane's that the contenders in the Light Protected Patrol Vehicle (LPPV) programme will now have to provide prototype vehicles to participate in a 'trials of truth' drive-off at the Millbrook Proving Ground in Bedfordshire early next year. According to industry sources the four contenders who have been downselected are: Supacat and NP Aerospace, offering the Specialist Protected Vehicle (SPV); Babcock and Creation, with the Zephyr Specific Requirements Vehicle ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80142.htm@current&Prod_Name=JDINFrench propulsion and defence systems group Safran has completed its inaugural bond issue, raising EUR750 million (USD1.1 billion) with a view to funding continued growth. With regard to Safran's likely direction of growth following the EUR750 million placement, Jane's believes the group's recent acquisitions activities provide a clue. Safran concluded the half year to 30 June 2009 with cash and cash equivalents of EUR889 million, and net debt of EUR690 million. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41501.htm@current&Prod_Name=JDWThe impact of India's updated defence procurement procedures (DPPs) on indigenous defence production will be limited unless the Ministry of Defence (MoD) allows local industry more time to draw up detailed manufacturing proposals, according to a senior academic at the Institute for Defence Studies and Analyses (IDSA) in New Delhi. In announcing the update in late October, the Indian MoD said the changes have the "potential to revolutionise the Indian defence industry" because it will enable "... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80139.htm@current&Prod_Name=JDINThe activities of the two organisations have included the hosting of a defence energy conference in 2009 (which the spokesperson said raised levels of awareness about the issue in Australia); improvements in the ADF's transport fuel mix (which optimised use of existing fuel types); and a closer working relationship with the DoD's research and development arm, the Defence Science and Technology Organisation (DSTO), as it "researches alternative and emerging fuel types and assesses their ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41499.htm@current&Prod_Name=JDWThe Indonesian government has commenced a programme to draw up a comprehensive list of armed forces requirements over the next decade and beyond in a move partly aimed at boosting domestic defence industry development. Commodore Sudi Haryono, director for technology and industry in the Indonesian Ministry of Defence's Directorate General of Defence Facilities, told Jane's on 19 November that the inventory is expected to be completed in the next few months. "For equipment in the inventory that... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41520.htm@current&Prod_Name=JDWLockheed Martin is planning to expand its business in Australia over the next few years to triple both the number of people it employs and its in-country revenues, according to Paul Johnson, chief executive officer of the company's Australian business. Speaking to Jane's on 13 November, Johnson explained that Lockheed Martin Australia's strategy for expansion was multi-tiered, encompassing partnerships with other leading firms and small and medium enterprises (SMEs) as well as possible future... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80144.htm@current&Prod_Name=JDINThe Swedish Defence Materiel Administration (FMV) revealed details of the contest re-run on 20 November, after it decided against appealing a ruling from a Swedish court that said the process behind the original contest was unlawful. A Swedish county court, Länsrätten, ruled on 29 October that the procedure behind FMV's contract award to Patria was unlawful, resulting in a re-run of the contest. The FMV spokesman also told Jane's that, even though it had decided against appealing Länsrätten's... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jni/history/jni2009/jni73271.htm@current&Prod_Name=JNIWith ageing single-role auxiliary vessels nearing the end of their lives, smaller navies are seeking to retain their blue water capability by replacing them with cheaper multipurpose logistic ships, combining strategic sealift and replenishment capabilities. The programme for a new support ship - the Joint Logistiek Ondersteuning Schip (JLOS - Joint Logistic Support Ship), more usually referred to as the Joint Support Ship (JSS) - started to take shape in 2003-04. - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/idr/history/idr2009/idr12644.htm@current&Prod_Name=IDRThe Canadian Army is trying to move the CAD2.2 billion (USD2 billion) Close Combat Vehicle (CCV) acquisition project forward quickly, before the minority Conservative government changes, or changes its mind. Under current plans, the 30-45 tonne CCV will not replace a current vehicle, but will bridge the gap between the army's LAV III 8x8 light armoured vehicles and Leopard 2A4 and A6 tanks. The CCV is one of the army's four Family of Land Combat Vehicles projects, which includes upgrading the... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41519.htm@current&Prod_Name=JDWUK support services company VT Group is keen to acquire the UK Ministry of Defence's (MoD) Defence Support Group (DSG) should it be put up for sale under UK government moves to shrink defence procurement costs. With an annual turnover in excess of GBP200 million and 3,800 personnel, DSG provides in-house maintenance, repair, overhaul, upgrade and support services for the UK armed forces' air and land systems. Lester added that the value of DSG's price tag would probably fall "within quite a ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdin/history/jdin2009/jdin80140.htm@current&Prod_Name=JDINIndia needs to provide greater support to small and medium-size enterprises (SMEs) entering the defence sector as the country embarks on a military modernisation process over the next decade, according to a report published by the Confederation of Indian Industry (CII) and Ernst & Young. AM Barbora's remark came one day after another Indian industry organisation, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), repeated its call for the government to raise the limit on ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41517.htm@current&Prod_Name=JDWThe activities of the two organisations have included the hosting of a defence energy conference in 2009 (which the spokesperson said raised levels of awareness about the issue in Australia); improvements in the ADF's transport fuel mix (which optimised use of existing fuel types); and a closer working relationship with the DoD's research and development arm, the Defence Science and Technology Organisation (DSTO), as it "researches alternative and emerging fuel types and assesses their ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41514.htm@current&Prod_Name=JDWUK military chiefs now aim to use a portion of this money to buy "up to 30" more Boeing CH-47 Chinook heavy-lift helicopters by the middle of the next decade, to bring the UK Chinook fleet to "around 70" airframes. Under 'Vision 2020' a major shake-up in the basing of all the UK's military helicopters will occur and the Royal Air Force's (RAF's) AgustaWestland Merlin HC.3/3A transport helicopters would be transferred to the Royal Navy. Under 'Vision 2020' the basing of all UK helicopters ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41495.htm@current&Prod_Name=JDWSaudi Arabia is looking to reclaim momentum in defence research and development as one of the world's leading arms buyers by incorporating joint ventures in support of its major procurement programmes. BAE Systems was awarded a three-year, GBP500 million service support contract in October for the Saudi Typhoon fleet, which is eventually to number 72 aircraft - 48 of which will be assembled in Saudi Arabia at the Alsalam facility. The company - a joint venture between Boeing, Saudi Arabian ... - 2009/11/20 00:00:00http://www8.janes.com/Search/documentView.do?docId=/content1/janesdata/mags/jdw/history/jdw2009/jdw41480.htm@current&Prod_Name=JDWA proposal by EADS Deutschland and Indian firm Larsen & Toubro (L&T) to form a defence joint venture (JV) in India has been deferred for a fifth time by the Indian Foreign Investment Promotion Board (FIPB). It also said that it had approved a proposal by Indian firm Vyoneesh Technologies to create a defence JV with an unspecified foreign company to develop defence electrical equipment. An Indian-based source close to the EADS/L&T proposal told Jane's on 17 November that despite the continued ... - 2009/11/20 00:00:00