A week after the March 2011 revelation that EADS was in discussions with Toronto Stock Exchange listed Vector Aerospace, a support agreement with EADS subsidiary Eurocopter Holding will acquire all of Vector’s issued and outstanding common shares for consideration of C$ 13 ($12.95) per share, valuing the firm at about C$ 625 million. The offer price is 15% above the closing price when trading was halted, and 80% above the price on Dec 31/10, when the firm publicly announced that it was open to merger offers.
Therein hangs a pair of tales – one concerning the buyer’s rationale, and another concerning the takeover saga itself. The EADS acquisition was actually the indirect product of a failed internal takeover bid in 2009…
L-3 MPRI, Inc. in Alexandria, VA recently received a $156.1 million cost-plus-fixed-fee contract to embed former law-enforcement professionals into corps, division, brigade, regimental and battalion headquarters. Their mission will involve helping battlefield commanders penetrate and suppress criminal networks involved in IED land mine production, distribution, and use throughout Iraq, Afghanistan, and other overseas operations. The contract will run to Dec 10/11, and 1 bid was solicited with 1 bid received by the U.S. Army Research, Development and Engineering Command Contracting Center at Aberdeen Proving Ground, MD (W91CRB-08-D-0049).
On July 2/10, the US DSCA announced [PDF] Tunisia’s formal request to buy 12 refurbished US Navy SH-60F Seahawk utility Helicopters, plus associated equipment. The SH-60Fs would be offered as Excess Defense Articles (grant EDA notification is being submitted separately). In the US Navy, the SH-60F is a utility and search and rescue helicopter, with secondary submarine hunter capabilities via its dipping sonar and sonobuoys. This distinguishes it from its SH-60B Seahawk/LAMPS counterpart, which adds a maritime radar and surface attack capabilities.
Tunisia is expected to use the helicopters for border/sea surveillance, search and rescue, and utility duties. The country sits between Libya and Algeria on the southern Mediterranean coast, right across from Italy, so naval helicopters are very useful to them. Its air force currently flies some old H-3/S-61 Sea Kings, so even used SH-60Fs would represent a frugal upgrade. The recent fall of Tunisia’s government has placed this deal in doubt…
The US Naval Facilities Engineering Command (NAVFAC) Atlantic awarded TEC-AECOM Joint Venture in Charlottesville, VA an indefinite-delivery/ indefinite-quantity contract, worth a maximum of $40 million, for environmental planning and engineering services at various US Navy and US Marine Corps facilities and other US government facilities worldwide.
Part of the work will include environmental and engineering services for proposed infrastructure projects at US Navy homeports.
The US Navy operates 18 homeports around the world: Annapolis, MD; Baltimore, MD; Bangor, WA; Bremerton, WA; Everett, WA; Gaeta, Italy; Groton, CT; Guam; Kings Bay, GA; Little Creek, VA; Manama, Bahrain; Mayport, FL; Newport News, VA; Norfolk, VA; Pearl Harbor, HI; San Diego, CA; Sasebo, Japan; and Yokosuka, Japan.
Nowadays, any US military infrastructure project requires reams of environmental impact documents, and TEC-AECOM will assist NAVFAC in preparing those documents.
$7.2 million USMC order for VMMD spare parts. (March 24/10)
Detecting and defusing IEDs and mines has been a preoccupation of US troops in Iraq and Afghanistan. The South Africa-based RSD, a division of Dorbyl, has developed a vehicle mounted mine detector (VMMD) system that it is supplying to the US Army and US Marine Corps through its US marketing arm Critical Solutions International (CSI).
The VMMD system is a route-clearing system that includes a mine detection vehicle, detonation trailers with a prime mover, and support packages. The VMMD is based on the earlier Interim VMMD system, which consisted of a Meerkat mine-detection vehicle, and a Husky prime mover and detonation trailer system.
The US Naval Facilities Engineering Command (NAVFAC) multiple award indefinite-delivery/indefinite-quantity contracts to Parsons Infrastructure and Technology Group in Pasadena, CA (N62470-10-D-2019) and HDR Engineering in Colorado Springs, CO (N62470-10-D-2020) for planning and engineering services at US Navy and US Marine Corps facilities and other government facilities worldwide.
The maximum dollar value, including the base period and 4 option years, of the 2 contracts combined is $60 million.
The two companies will provide project planning documents, cost estimates, planning studies, visioning and scenario workshops/planning, geo-spatial information and services, and other planning and engineering services for construction projects…
Michael Baker Jr., Inc., a Virginia Beach, VA-based engineering unit of Michael Baker Corp., won a $75 million maximum value, indefinite-delivery/ indefinite-quantity contract for multimedia environmental compliance engineering support for the US Navy and other US Department of Defense installations in the Northeast, Southeast and Mid-Atlantic continental United States and some overseas locations. These locations are within the Naval Facilities Engineering Command (NAVFAC) Atlantic’s areas of responsibility.
The maximum dollar value includes a base period and 4 option years.
Michael Baker Jr. will prepare studies, plans, specifications, design, reports, cost estimates and associated engineering services in support of the following environmental compliance programs:
In April 2005, South Africa’s Public Enterprises Minister Alec Erwin expected the cost of the SAAF’s 8 planned Airbus A400M medium-heavy military transport aircraft to be EUR 830 million. That converted to R 6.5 billion at those exchange rates, or about $177.75 million per plane in American dollars. South Africa reportedly intended to take delivery of 8 of the A400Ms from 2010-2014, with a further 6 on option. Ordering those additional 6 aircraft would reportedly have pushed the total contract value to EUR $1.5 billion, or about R11.9 billion at those exchange rates. When the deal was signed in December 2006, the price for 8 aircraft and initial fielding had risen to R 17.646 billion, or almost $2.5 billion: about $308 million per plane.
Subsequent delays to the A400M program were set to either extend the C-130Bs’ service, or force reliance on charters, even as the A400M’s likely costs grew. That SAAF aerial uncertainty has only grown, now that South Africa has become the first country to pull out of the A400M program.
According to London’s Asharq Al-Awsat, Algeria has shifted negotiations for 6 FREMM multirole frigates from France’s DCNS to Italy’s Fincantieri, while negotiating a contract with AgustaWestland for about 100 helicopters. The paper reports that Algeria will receive the frigates in 2011:
“…equipped with American anti-submarine missiles following a deal with Italy worth 4 billion euros. The deal replaces a similar agreement with France… Algeria concluded another deal with Italy to sell 100 helicopters.”
Or are there deals at all? The latest report comes from UPI, which says the frigate order is now an international competition…