Yearly Archive: 2022

Russia to Add Corvette, Submarine to Pacific Fleet This Year

Russia to Add Corvette, Submarine to Pacific Fleet This Year

In 2022, the newest corvette Rezkiy and the submarine Magadan will join the ship composition of the Pacific Fleet.

The Rezkiy corvette is currently located in Vladivostok at the delivery base of the Amur Shipbuilding Plant (ASP). At the end of January, the state sea trials for corvette are plann…

Elbit UK Sells Ferranti Power & Control Business

Elbit UK Sells Ferranti Power & Control Business

HAIFA, Israel — Elbit Systems Ltd. announced today that its UK subsidiary, Elbit Systems UK Ltd., has sold the Power and Control Business of its subsidiary Ferranti Technologies Ltd. to TT Electronics (UK) Plc. for approximately $12 million (approximately £9 million) in cash, subject to customary …
L3Harris Hits Post-Merger Goals as it Tightens Operations

L3Harris Hits Post-Merger Goals as it Tightens Operations

While L3Harris Technologies has weathered the COVID-19 pandemic quite well, global supply chain issues are beginning to wear on the firm. The company’s growth trajectory petered out somewhat in late 2021, with the company reporting nine-month revenue of $13.46 billion, down 1 percent from $13.53 bi…
Il progetto OTO AS 450

Il progetto OTO AS 450

Nel luglio del 1942 il cantiere OTO di Livorno propose alla Regia Marina italiana il progetto di un’innovativa unità di scorta a...

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