Saab has affirmed its commitment to its Kockums business area, which focuses around the design, manufacture and sustainment of naval surface and subsurface platforms, during a briefing on 11 February outlining the Q4 and 2020 full-year financial results.
The majority of Saab’s business areas outlined growth during 2020, even taking into account the impact of the COVID-19 pandemic. A company release stated that defence business showed ‘solid’ performance, with five of six business areas reporting positive sales growth.
In addition, sales were up 4%, excluding adjustments in Q3 related to COVID-19 and despite the downturn in the civil aviation
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The USCG plans to award a contract this year for the construction of Homeland Security Cutters. The new vessels will replace the 60-plus-year-old fleet of Light Icebreaking Tugs.
The expansion of the Redstone facility in Alabama will enable Raytheon to increase production of Standard Missiles in the location by 50% and support Washington in refilling stockpiles after recent operations have depleted the Pentagon’s reserves.
Major naval initiatives including the European Patrol Corvette programmes and Norway’s UK partnership-focused purchase of Type 26 frigates point to the growing interest in the advantages of commonality across allied navies.
The UK Royal Navy’s rapid procurement of uncrewed platforms aligns with the force’s strategic shift towards a fleet better equipped to handle modern threats.
The Astute-class submarine’s visit to Australia was the first time maintenance activity on a UK Royal Navy nuclear submarine had been carried out in the country.
The offensive against Iran could impact training and maintenance cycles and accelerate the degradation of the US arsenal on top of depleting Washington’s stockpiles.
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