Despite Doubts, Canada Still Paying into F-35 Program | Growth in Paveway Sales Boosts Raytheon | Brexit No Impact – BAE Posts Small Revenue Rise
- While Canada’s government continues to flounder on its CF-18 fighter replacement, it still continues to contribute to the F-35 Joint Strike Fighter. Since the Liberal Party’s campaign promise to ditch the F-35 and launch a new replacement competition, they continued paying $33 million into the program. Meanwhile, consultations have taken place with fighter manufacturers which some see as simply giving the Liberals political cover to buy a plane other than the F-35 without holding a competition. If a fair and free competition were to include Lockheed Martin, a fair bet would be on the F-35 winning.
- Officials from South Korea and the US have met in Washington for their first set of talks to discuss the transfer of technologies for the former’s upcoming KF-X indigenous fighter. Approval had been given for the transfer of 21 technologies as part of Seoul’s commitment to purchase 40 F-35s, however Washington refused on four core technologies, saying they would need to be developed domestically by South Korea. The meeting saw further discussion of the core technologies in question as well as technologies related to the development of the medium-altitude UAV.
- A growth in Paveway guided bomb sales has resulted in Raytheon posting better than expected quarterly revenues for 2016. The sales saw the company’s missile division posting a 6% increase in the second quarter. International sales accounted for a third of all guided munitions with half of exports coming from governments in the Middle East and Africa.
Middle East North Africa
- The Israeli Air Force has announced that its first F-35I “Adir” fighter has flown in the USA and the flight of a second jet is expected shortly. A pilot from lead manufacturer Lockheed Martin will conduct a number of further tests prior to the fighters’ delivery to Israel on December 12. As with its existing fleets of F-15 and F-16s, Israeli F-35As will be heavily customized to suit the IAF’s needs.
- Despite Bexit, a falling Pound Sterling and a whole lot of uncertainty, BAE Systems has claimed recent events have not resulted in a short-term impact on their business. The company’s statement comes as it rolls out first-half results that show a small rise in revenues compared to 2015. Overall company revenues continued to be dominated by the US with 36 percent of revenues in the first half. Britain and Saudi Arabia remain the company’s other major markets.
- Plans for October? Mitsubishi’s X-2 stealth demonstrator is to go on public display at Gifu Air Base, Japan, on October 30. This will be one of the first times regular punters can get up close and personal with the new jet following its maiden flight in April. For those rushing to check those dates, authorities have advised to leave the cars at home and come via rail.
- The Indian government has backtracked on a plan to procure six A330 multi-role tanker transport (MRTT) aircraft for the Indian Air Force. This marks the second time that India has scrapped the aircraft’s tender which is estimated at $2 billion. But Airbus, already in the midst of financial hits due to its A400M transporter, seems to be remaining confident with an official saying the company “will engage with the Indian government in finding a way to bring the A330 MRTT’s capabilities to the IAF.”
- Negotiations continued regarding the modernization of 194 Sukhoi Su-30MKI aircraft operated by the Indian Air Force. A visiting delegation from Russia came to New Delhi to explain their “Super Sukhoi” concept, which if implemented, will give the aircraft near-fifth generation capabilities and effectiveness. With the deal expected to be finalized within four to six months, the project is expected to top $8 billion.
India’s Super Sukhoi upgrade:
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