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Non-US Aerospace/Defense Companies & Contracts
 
URTHECAST ANNOUNCES SIGNING OF $100 MILLION CONTRACT WITH UNNAMED CUSTOMER
Thursday, August 17, 2017
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UrtheCast's OptiSAR SmallSats

Source: UrtheCast Corp


UrtheCast's OptiSAR SmallSats

Source: UrtheCast Corp


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VANCOUVER, Canada - UrtheCast Corp. has entered into a contract with a confidential customer for the development and delivery of a dual-frequency stand-alone Synthetic Aperture Radar (SAR) operational-class satellite as an "accelerator" for the OptiSAR Constellation. The exact amount of the contract is not being disclosed at this time for confidentiality and competitive reasons, but the Company can confirm that it is a substantial contract worth in excess of one hundred million Canadian dollars.

The contract is for the delivery of the SAR spacecraft, key elements of the ground segment, namely the mission control and planning system and the SAR processor, and in-orbit operations support, but does not include the price of the launch or insurance (which are the customer's responsibilities). This confidential customer has previously signed an MOU with the Company for the OptiSAR Constellation.

The contract is subject to the customer obtaining final government appropriation approval and to UrtheCast and its suppliers obtaining technology transfer export permits on terms agreeable to the customer. Subject to these conditions being met, work on the program is anticipated to begin in early 2018, for launch in late 2020. Payments by the customer to UrtheCast under the contract are conditional on the Company successfully reaching various program delivery milestones. As part of the deliverables under the contract, UrtheCast has also agreed to provide elements of the satellite ground segment and post-launch maintenance and operational support, each to be further detailed and extended in separate definitive contracts.

Using the same SAR technology that the Company has been developing for the OptiSAR constellation, this contract will allow UrtheCast to accelerate both the operationalization of its SAR technology and the start of our SAR data services business. The contract enables the Company to build and launch a SAR satellite as a precursor mission (or "accelerator") to the OptiSAR Constellation and to thereby demonstrate its high-capacity, high-throughput, fully-operational class capability with an unprecedented range of imaging modes and scientific-grade data quality. Under the contract, the parties have agreed to enter into a separate definitive contract to provide UrtheCast with the exclusive commercial distribution rights to the customer's unused satellite imaging capacity outside specified regions on a shared 50/50 net revenue basis, allowing the Company to sell the SAR-XL data and SAR-derived services in advance of the deployment of the OptiSAR constellation-the date of which is now pushed out by at least a year.

UrtheCast is part of a trend toward building and launching networks of small satellites. The field has become crowded in recent years as more companies attempt to build massive networks of relatively small remote sensing satellites. While competition is fierce, UrtheCast has a number of advantages. It is unique in offering a constellation that provides both optical and radar imagery data. It has also been successful in signing agreements with government agencies in the U.S. and Canada, and possibly elsewhere. The latest contract will enable UrtheCast to test its technology before deploying the entire network.

Source:  UrtheCast
Associated URL: http://investors.urthecast.com/file.aspx?IID=4388192&FID=389905405
Source Date: August 17, 2017
Author: B. Ostrove, Analyst 
Posted: 08/17/2017

 
 
HENSOLDT TAKES OVER AIRCRAFT ELECTRONICS PROVIDER EUROAVIONICS
Thursday, August 17, 2017
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EuroAvionics now part of HENSOLDT

Source: HENSOLDT


EuroAvionics now part of HENSOLDT

Source: HENSOLDT


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TAUFKIRCHEN, Germany - The newly founded German sensor house HENSOLDT has taken over the Pforzheim-based company EuroAvionics GmbH, a supplier of avionics systems for helicopters and UAVs. Now that all the legal requirements have been met, the signed share purchase agreement has taken effect. HENSOLDT expects the takeover to give their existing avionics business a new boost as part of their growth strategy.

"The takeover of EuroAvionics is the perfect example of a strategic acquisition since both parties generate added value from our collaboration," said Celia Pelaz, Head of Strategic Business Development. "We can now develop a comprehensive Avionics product line at HENSOLDT by combining the strengths of EuroAvionics in the civilian market and our own portfolio, which has primarily been geared towards the military up until now."

In this way, HENSOLDT will improve its access to civilian helicopter manufacturers and fleet operators. At the same time, synergies are expected from a more efficient use of research and development funds to meet new customer requirements.

EuroAvionics Group generates revenues of approximate €20 million with around 100 employees. They are particularly strong in the market for civil certified avionics equipment for helicopters with interfaces to avionics and sensor systems supplied by third-party providers. The company's portfolio includes flight management systems as well as avionics computers and autopilot systems, particularly for UAVs. Apart from the headquarters in Pforzheim, the company has subsidiaries in the UK, the U.S. and Switzerland.

Source:  HENSOLDT
Associated URL: hensoldt.net
Source Date: August 17, 2017
Posted: 08/17/2017

 
 
RADA DECLARES "BREAKTHROUGH" WITH $8M MHR RADAR U.S. MILITARY ORDER
Wednesday, August 16, 2017
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RADA Electronic Industries Corporate Logo

Source: RADA Electronic Industries


RADA Electronic Industries Corporate Logo

Source: RADA Electronic Industries


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NETANYA, Israel - RADA Electronic Industries announced it has received a strategic first order for dozens of Multi-Mission Hemispheric Radars (MHR). The company says that the order is highly significant, totaling over $8 million. The full order will be delivered during 2017.

The MHR radars will be used by an unnamed US military force, providing it with air surveillance with emphasis on counter-UAV with the most advanced on-the-move capabilities. The radars are expected to be fielded for operational use soon after delivery.

Dov Sella, RADA's CEO, commented, "This is a true breakthrough and highly significant order for RADA. Furthermore, strategically, it is our first delivery to a key US military customer, with potential for further orders down the road. We have been awarded with this order following long, demanding and detailed trials, as would be expected for a key defense application, proving the superiority of our radars in the increasingly important field of counter-UAV warfare."

Mr. Sella continued, "While this initial win has potential for additional orders with this particular force, we also see further potential with other US military forces. This program signals the initial fruits of success of our strategy, focusing our technology on the US military and other world leading advanced defense forces, which are in need of tactical, on-the-move surveillance and protection solutions for the maneuver forces."

RADA's MHRs are S-band, software-defined, pulse-Doppler, active electronically scanned array (AESA) radars. The radars introduce sophisticated beam forming capabilities and advanced signal processing, which can provide for various missions on each radar platform and demonstrate a good performance-to-price ratio. The radars are compact and mobile, enabling multiple-missions on each radar, and work while on-the-move. RADA says that it has sold over 300 radar systems to-date, to various global defense customers.

Source:  RADA Electronic Industries
Source Date: August 16, 2017
Posted: 08/17/2017

 

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