Australia and New Zealand boost joint defence against Covid -19
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Australia and New Zealand will work to enhance their defence cooperation in the Tasman and the Pacific region to continue battle against the coronavirus (Covid -19) pandemic. Earlier this week, a joint teleconference was held by the defence ministers of the two countries and the Australian Minister for Defence Industry. The conference discussed the challenges …
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Covid-19: Rheinmetall defence business ‘robust and resilient’
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In its first-quarter results, Rheinmetall has said it does not expect the Covid-19 coronavirus pandemic to have a lasting impact on its defence business this year adding that despite the outbreak it expects the division’s sales to continue to grow. Across the board, Rheinmetall saw a slight consolidated sales increase of 1.1% to €1.358bn ($1.47bn), …
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British Army resumes basic training from today
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The British Army has today resumed basic training for soldier’s having suspended most training in March to focus resources to the Covid-19 coronavirus pandemic. The Army also paused training to prevent the spread of the virus. Last week, the British Army announced the phased restart of training on the following schedule. Resume Army Basic Training …
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Coronavirus company news summary – Rolls-Royce to furlough 4,000 staff – US Army opens intensive care ward – Indian Navy develops remote monitoring tool
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Rolls-Royce has announced plans to furlough more than 4,000 of its employees in the UK. This is one of the immediate actions that the company is taking to deal with the prevailing market conditions. In an annual general meeting statement, Rolls-Royce said: “Year to date, our Defence business has been robust, although the impact of …
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Covid-19 delays crunch time for Turkey-US relationship
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With the Covid-19 crisis impacting all industries and sectors to varying degrees, the fallout from the crisis is providing a scapegoat for a number of issues in the defence industry. Turkish procurement of S-400 systems from Russia put Turkey in the firing line for US CAATSA sanctions. The procurement timeline called for April 2020 activation …
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Coronavirus company news summary – Covid-19 survivors barred from service – Leonardo news new credit facilities – Australia proceeds with Marine rotation
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7 May US Department of Defense’s (DoD) guidelines could ban coronavirus (Covid-19) survivors from joining the military, Military Times reported. A memo issued by the US Military Entrance Processing Command reads: “During the medical history interview or examination, a history of COVID-19, confirmed by either a laboratory test or a clinician diagnosis, is permanently disqualifying …
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NATO launches Covid-19 diagnosis project
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NATO has announced it is launching a scientific project to rapidly and accurately diagnose Covid-19 cases. The multi-year project is underway under NATO’s Science for Peace and Security (SPS) Programme and is being led by scientists from Italy’s Istituto Superiore di Sanità (National Health Institute) and Tor Vergata University Hospital alongside staff from University Hospital …
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Defence companies weather Covid-19 storm, but M&A’s are down
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Despite a number of prominent deals recently closing, the Covid-19 crisis has seen the defence industry shy away from mergers and acquisitions to safeguard cash and see themselves through the pandemic. At the start of last month, Raytheon and United Technologies completed their merger and began trading as a single company. Despite this blockbuster M&A, …
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Coronavirus company news summary – Indian Navy to evacuate citizens – Orbit cancels dividend – OCCAR stays on track
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6 May Orbit International Corp’s Board of Directors has cancelled its quarterly cash dividend payment due to the impact of Covid-19 pandemic. The move comes after the company suspended its share repurchase programme last month. Orbit president and CEO Mitchell Binder said the company has implemented a dual six-hour shift for its manufacturing employees and …
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Coronavirus company news summary – Parsons launches Covid-19 sensing solution – US resumes SEAL selection
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5 May US technology-focused defence contractor Parsons has launched a new touchless biometric sensing Covid-19 solution. Known as DetectWise, the offering comprises contactless, mobile health screening kiosks, and modular testing and decontamination facilities. The solution uses sensors and cameras to measure body temperature, heart rate and respiration rate. It will help reduce the risk of …
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