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The Chairman of Insitec Pty Ltd, Andrew McNeill, has announced the completion of its acquisition of Horizon Defence Systems Pty Ltd (HDS), a previously wholly-owned trading entity of Horizon Group Holdings Pty Ltd (HGH). Under the terms of the acquisition, all former HDS activities have been folded into the existing Insitec Military, Intelligence & Space Systems business, with HGH representatives being afforded two positions on the Board of Insitec MIS Systems Pty Ltd.
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IndustryGrowthInsights (IGI), one of the world’s prominent market research firms has released a new report on Defense IT Spending Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Defense IT Spending market to figure out and study market needs, market size, and competition.
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Elbit Systems announced that it was awarded a contract valued at approximately US$172 million to supply light tanks to the Army of a country in Asia-Pacific. The contract will be performed over a three-year period. As the prime contractor, Elbit Systems will supply the “Sabrah” light tank solution based on the tracked ASCOD platform that is manufactured by General Dynamics European Land Systems Santa Bárbara from Spain..
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General Atomics Aeronautical Systems, Inc. (GA-ASI) has successfully completed flight testing of a newly developed Self-Protection Pod (SPP) on an MQ-9 Remotely Piloted Aircraft (RPA). During the testing, the MQ-9 was able to successfully track Radio Frequency (RF) and Infrared (IR) missile threats, deploy countermeasures, and provide real-time threat awareness and protection in a simulated contested environment.
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Australia has a history of importing key military platforms from the United States - examples include the F-35A Lightning II, F/A-18F Super Hornet, P-8A Poseidon and M1A1 Abrams tank. But there are now several near-term opportunities for Australia to provide military technologies for the U.S. Here are three intriguing possibilities.
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The Stockholm International Peace Research Institute (SIPRI) has released new data showing that sales by the world’s 25 largest arms companies totaled $361 billion last year, an 8.5% increase in real terms on 2018. The top five arms companies are all based in the United States with Lockheed Martin LMT -1.6%, Boeing BA +1%, Northrop Grumman NOC -1.7%, Raytheon and General Dynamics GD -2.4% registering a collective $166 billion in sales in 2019.
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U.S. and Chinese companies dominated the global arms market in 2019, while the Middle East made its first appearance among the 25 biggest weapons manufacturers, a report by the SIPRI research institute said Monday. The U.S. arms industry accounted for 61% of sales by the world’s top 25 manufacturers last year, ahead of China’s 15.7%, according to the Stockholm International Peace Research Institute.
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The military will introduce a Samsung smartphone-based combat information device on a trial basis next year that will enable troops to view real-time battle information without relying on communications networks. The Defence Acquisition Program Administration said it has signed a contract with LIG Nex1 Co. to buy the individual combat equipment for the Army and the Marine Corps, which will allow troops to communicate, sharing intelligence and battle situations, without a separate communications repeater, reports Yonhap news agency.
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The Russian military on Monday received its first batch of Terminator tank support vehicles for testing. The Terminator, previously financially neglected by the Defence Ministry, proved its effectiveness during recent Russian combat operations in Syria. Russian state television showed Terminators attached to the 90th Tank Division in the Chelyabinsk region of the Urals on Dec. 2.
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