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☆ Ukraine needs F-16s now, but this rugged jet made for the Russia threat could be the better choice for its future fighter fleet
▼ + stars: | 2024-10-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Ukraine needs its F-16s, but it should get Gripen jets to help fight Russia long-term, experts said. A Ukrainian Air Force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. A Ukrainian air force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. Three Swedish Saab JAS-39 Gripen fighter jets escort a B-52H Stratofortress in flight. AdvertisementUkrainian President Volodymyr Zelenskyi in front of the first F-16 fighter jets received by Ukraine.

Persons: —, Michael Bohnert, They're, Bohnert, Gordon, Skip, Davis, You'll, Swedish Saab JAS, Corban Lundborg, Mats Helgesson, Sukhois, Oleg V, AirTeamImages Gordon, they're, Saab JAS, PATRICK TRAGARDH, Lloyd Austin, Volodymyr Zelenskyi, Vitalii, Tim Robinson Organizations: Gripen, Service, RAND Corporation, Saab AB, Ukrainian Air Force, AP, US Army, Defense Investment Division, Russia, Royal United Services Institute, NATO, Swedish Saab, Tech, US Air Force, Sweden's Saab Gripen, Swedish Gripen, Saab, Getty, Defense, UK's Royal Aeronautical Society Locations: Ukraine, Russia, Swedish, Sweden, Europe, Germany, Ukrainian, Russia Sweden, AFP

☆ Canada's 'shoestring' navy needs drastic changes to buy the new submarine fleet it wants
▼ + stars: | 2024-07-28 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Submarines could be very useful for defense of Canadian territory, or asserting a presence in contested Arctic waters. But tripling Canada's submarine fleet will require more than buying new boats. AdvertisementThough Canada acquired its first submarine in 1914, its recent experience with undersea boats has not been a happy one. In 1998, the Royal Canadian Navy bought four used British Upholder-class diesel-electric subs that became surplus as Britain switched to an all-nuclear submarine fleet. Several foreign shipbuilders have expressed interest in selling subs to Canada, including South Korea's Hanwha Ocean and Sweden's Saab.

Persons: —, Paul Mitchell, Mitchell, Refits, Sweden's, Michael Peck Organizations: Service, Royal Canadian Navy, NATO, Business, Canadian Forces College, Canada's Department of National Defense, East, Pacific, RCN, Britain, Sweden's Saab, Canada, Shipbuilding Strategy, Royal Canadian Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Canada, Britain, Germany, Victoria, Canadian, Russia, China, Pacific, Davis, Taiwan, Japan, Korea, Barents, West, British Columbia, South, Forbes

☆ Ukraine's new long-range rocket delivery from US pushed to next year
▼ + stars: | 2023-11-30 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

It was reported by Politico in February that delivery wouldn't take place until later in 2023. Ukraine needs GLSDB to augment the limited number of 100-mile range ATACMS rockets the U.S. has sent. Because the contract to begin production of GLSDB was signed in March, according to a Pentagon statement to Reuters, delivery was forced towards year-end. The decision to send the long-range rocket, something the U.S. government hasn't purchased for itself, followed a proposal last summer from Boeing Co (BA.N) to U.S. commanders in Europe managing weapons for Ukraine. GLSDB is made jointly by Sweden's SAAB AB (SAABb.ST) and Boeing Co (BA.N).

Persons: GLSDB, hasn't, Mike Stone, Chizu Organizations: Pentagon, Boeing, Reuters, Politico, Mobility Artillery, Boeing Co, U.S, Sweden's SAAB, Thomson Locations: Ukraine, U.S, Russia, Europe, Washington

☆ Ukraine war orders starting to boost revenues for big US defense contractors
▼ + stars: | 2023-10-27 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

WASHINGTON, Oct 27 (Reuters) - The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues, as customers such as the U.S. government restock supplies shipped to Ukraine and countries around Europe arm themselves with an eye on Moscow's aggressions. New contracts to supply Ukraine directly - or backfill U.S. weapons sent to Ukraine - were signed late last year, and now revenue is flowing to the big defense contractors. "We've gone from 14,000 (artillery) rounds per month to 20,000 very quickly. The General Dynamics' Combat Systems unit, which makes armored vehicles, tanks and the artillery Ukraine uses, saw its revenue rise almost 25% versus the same period a year ago. Third-quarter sales for Northrop Grumman's (NOC.N) Defense Systems segment rose 6% on high demand for ammunition and rocket motors used in guided multiple-launch rocket systems (GMLRS), which play a crucial role in supporting Ukraine's defense efforts against Russian forces.

Persons: Lockheed Martin, We've, Jason Aiken, Northrop Grumman's, Sweden's, Joe Biden, Biden, Dynamics's Aiken, Mike Stone, Rod Nickel Organizations: Lockheed, General Dynamics, Patriot, Palestinian, Hamas, Wall, Dynamics ', Systems, Wall Street, Russian, Sweden's Saab, Rheinmetall, Thomson Locations: Ukraine, Europe, aggressions ., U.S, Israel, Arizona, Pennsylvania, Ohio, Texas, Washington

☆ Sweden to consider sending fighter jets to Ukraine, SR radio reports
▼ + stars: | 2023-09-12 | by ( Louise Rasmussen | ) www.reuters.com time to read: +1 min

[1/2] Sweden's jet fighter JAS 39 Gripen E flies over the Gotland island in the Baltic Sea, May 11, 2022. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Sept 12 (Reuters) - The Swedish government is considering donating Gripen fighter jets to Ukraine to help it fight Russia, Swedish public radio (SR) reported on Tuesday, citing unnamed sources. The government wants to know, among other things, how a handover would affect Sweden's defence capabilities and how quickly Sweden could get new Gripen fighters, SR reported. The Netherlands and Denmark have led a push to supply Ukraine with U.S.-made F-16 fighter jets to help counter Russia's air superiority in the war. According to the SR report, Ukraine hopes to receive one division of Gripen jets, made by Sweden's Saab <SAABb.ST>, or 16-18 planes.

Persons: JAS, Henrik Montgomery, Sweden's, Gripens, Louise Breusch Rasmussen, Terje Solsvik, Kevin Liffey Organizations: TT News Agency, REUTERS, Rights, Gripen, Sweden's Saab, NATO, Thomson Locations: Gotland, Baltic, Rights COPENHAGEN, Swedish, Ukraine, Russia, Sweden, Netherlands, Denmark, U.S, Turkey, Hungary

☆ Germany Forges Pact for Leopard 2 Successor in Snub to Paris - Handelsblatt
▼ + stars: | 2023-09-06 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

BERLIN (Reuters) - Germany has signed agreements with Italy, Spain and Sweden on the development of a successor to the Leopard 2 tank, German business daily Handelsblatt reported on Wednesday. The initiative is to take place under the leadership of Krauss-Maffei Wegmann (KMW) and Rheinmetall, the German arms makers building the Leopard 2, Handelsblatt reported, citing unnamed industry and political sources. The German defence ministry did not immediately respond to a request for comment. The defence ministry in Paris and the office of President Emmanuel Macron did not immediately respond to requests for comment. It cited French government sources as saying the topic would be raised at Franco-German government consultations scheduled for the start of October.

Persons: French Leclerc, Maffei, Handelsblatt, Sweden's, Italy's Leonardo, Emmanuel Macron, Friederike Heine, Sabine Siebold, Michel Rose, Andrew Cawthorne, Alison Williams Organizations: BERLIN, Krauss, Rheinmetall, European Defence Fund, Sweden's Saab, Franco Locations: Germany, Italy, Spain, Sweden, France, Berlin, Franco, French, Spanish, Europe, U.S, Africa, Russia, Paris

☆ Germany forges pact for Leopard 2 successor in snub to Paris, Handelsblatt reports
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

BERLIN, Sept 6 (Reuters) - Germany has signed agreements with Italy, Spain and Sweden on the development of a successor to the Leopard 2 tank, German business daily Handelsblatt reported on Wednesday. The German defence ministry did not immediately respond to a request for comment. The delays to the proposed Franco-German project have strained ties already tested by differences over energy topics and the question to what extent Europe should become independent from the U.S. in its security policy. The defence ministry in Paris and the office of President Emmanuel Macron did not immediately respond to requests for comment. It cited French government sources as saying the topic would be raised at Franco-German government consultations scheduled for the start of October.

Persons: French Leclerc, Maffei, Handelsblatt, Sweden's, Italy's Leonardo, Emmanuel Macron, Friederike Heine, Sabine Siebold, Michel Rose, Andrew Cawthorne, Alison Williams Organizations: Krauss, Rheinmetall, European Defence Fund, Sweden's Saab, Franco, Thomson Locations: Germany, Italy, Spain, Sweden, France, Berlin, Franco, French, Spanish, Europe, U.S, Africa, Russia, Paris

☆ Honeywell to acquire heads-up display assets from Sweden's Saab
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - U.S. conglomerate Honeywell (HON.O) said on Wednesday it had agreed to acquire Swedish aerospace firm Saab's (SAABb.ST) heads-up display (HUD) assets to strengthen its avionics unit. The HUDs will be integrated into aircraft cockpit systems, adding features such as wide field-of-view, high image resolution, low system latency and lower weight. The HUD system helps pilots with increased situational awareness, especially at night or in difficult weather conditions. "Heads-up displays have been known to reduce pilot workload, increase situational awareness, improve access to airports with enhanced flight vision system and safety," said Vipul Gupta, general manager, avionics, Honeywell Aerospace. Reporting by Pratyush Thakur in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Vipul Gupta, Pratyush Thakur, Shilpi Majumdar Organizations: Honeywell, Boeing, Airbus, Honeywell Aerospace, Thomson Locations: Swedish, Bengaluru

☆ Longer-range rockets included in $2 bln U.S. pledge for Ukraine
▼ + stars: | 2023-02-03 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

USAI stands for Ukraine Security Assistance Initiative (USAI). Friday's aid pledge opens the door to many more deliveries of the Ground Launched Small Diameter Bombs (GLSDB). When the new rockets arrive, it will mark the first time Ukraine has seen its rocket range grow exponentially since U.S. furnished HIMARS in late-June 2022. HIMARS have a 77 km (48 mile) range and were instrumental in Ukraine's counter offensive against Russian forces, which invaded on Feb. 24, 2022. Reuters was first to report on a Boeing Co (BA.N) proposal to field GLSDB for Ukraine in November.

☆ Factbox: U.S. rocket-powered bomb would double Ukraine's strike range
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - The United States is expected to send a new weapon to Ukraine, the Ground Launched Small Diameter Bomb (GLSDB), doubling Kyiv's current strike range. Below are some details about the weapon:* Ukraine's longest-range weapon currently is the Guided Multiple Launch Rocket System (GMLRS). Its rockets can travel 48 miles (77 kilometers) while the GLSDB's range is 94 miles (151 km). Greater range would allow the Ukrainian military to attack Russian forces from a greater distance or potentially penetrate more deeply into Russian-held territory. * The rocket-powered GLSDB combines the GBU-39 small-diameter bomb, typically dropped from planes, with the M26 rocket motor, both of which are common in U.S. military inventories.

[1/3] U.S. Air Force F-35 Lightning IIs fly side by side with Republic of Korea Air Force F-35s as part of a bilateral exercise over the Yellow Sea, Republic of Korea, July 12, 2022. OTTAWA, Jan 9 (Reuters) - Canada finalized a deal to buy 88 F-35 fighter jets from U.S. defense company Lockheed Martin Corp (LMT.N) on Monday in a C$19 billion ($14.2 billion) project to replace its aging fleet of fighter aircraft. Anand said it was the largest investment in the Royal Canadian Air Force in 30 years. The F-35 fighter announcement coincides with Prime Minister Justin Trudeau's trip to Mexico on Monday for the North American leaders' summit where he will meet U.S. President Joe Biden. Canada is part of a consortium that helped develop Lockheed Martin's F-35 and Ottawa will pay the same amount for the aircraft as the other participants, including the United States.

☆ Colombia's plan to replace fighter planes hits a snag
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Jan 2 (Reuters) - Initial negotiations between Colombia, France's Dassault Aviation (AM.PA) and Sweden's Saab AB (SAABb.ST) to replace part of the South American country's aging air force fleet have collapsed, the defense minister said on Monday. Colombia, which uses about 20 Israeli-made Kfir aircraft purchased three decades ago, has said replacing the planes is a priority so it can continue to defend its territory, fight organized crime and conduct aerial surveillance. There will be continued efforts this year to see if a purchase is possible, Velasquez said. There have been efforts by various Colombian administrations to replace the Kfir planes for at least 12 years, though the change has been stymied by financial limitations. (This story has been refiled to say Swedish instead of Swiss in reference to Saab in paragraph 3)Reporting by Luis Jaime Acosta in Caracas Writing by Julia Symmes Cobb Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ An often overlooked Swedish fighter may be the jet Ukraine needs to take on Russia now, experts say
▼ + stars: | 2022-12-01 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The Saab JAS 39 Gripen fighter jet has earned high marks for its capabilities and affordability. But buyers have often passed on the Gripen in favor of other jets, including the US-made F-35. A Saab JAS 39C Gripen jet during an air show in June 2011. US Air Force F-16s with Swedish air force JAS 39 Gripens over the Baltic Sea during an exercise in June 2018. A new Brazilian Air Force F-39E Gripen at an air base in Brasilia in October 2020.

☆ European shares pulled down by Mercedes, defence stocks up after Poland blast
▼ + stars: | 2022-11-16 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

SummarySummary Companies Mercedes slides on report of China EV price slashesEuropean autos sector eyes worst day in nearly 7 weeksBiden says missile that hit Poland may not have come from RussiaNov 16 (Reuters) - European shares fell on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks. The pan-European STOXX 600 (.STOXX) index fell 0.4% by 0924 GMT. Auto stocks (.SXAP) tumbled 2.8% to lead sectoral declines, and were headed for their biggest one-day percentage fall in almost seven weeks. The European aerospace and defence (.SXPARO) sector climbed 0.9% following news of the blast. Multiple data points signalled a euro zone recession amid the European Central Bank's aggressive monetary tightening cycle to control record-high inflation.

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