Latest news with #GlobalEye
The Market Online
20-06-2025
- Business
- The Market Online
Bombardier Defense signs two-aircraft deal with Saab
Bombardier Defense received a firm order from longtime partner Saab for two Global 6500 aircraft Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020 Bombardier Defense, a division of jet maker Bombardier (TSX:BBD.A), received a firm order from longtime partner Saab for two Global 6500 aircraft. The Global 5000 offers a top speed of 956 km/h and a maximum range of 12,223 km and features a fixed-wing platform that flies 'faster, longer and higher than legacy airborne sensor platforms,' offering 'a significant advantage to governments and militaries,' according to Friday's news release. The aircraft's steep approach certification and advanced wing design also facilitate access to legacy commercial platforms, optimizing flexibility during mission-critical situations. Micael Johansson, president and CEO of Saab, and Eric Martel, president and CEO of Bombardier, at the Paris Air Show 2025. (Source: Bombardier) Bombardier Defense focuses on unmet needs in urgent humanitarian assistance, head of state transportation, maritime patrol and search and rescue, among other markets, leveraging a team with a skill-set spanning more than 500 special mission aircraft and over 3 million fleet hours. The order follows the companies' collaboration on the GlobalEye airborne early warning and control system, initially announced in 2016, which integrates Bombardier's Global 6000 and 6500 aircraft. Leadership insights 'Through Bombardier Defense, the Global 6500 aircraft is the go-to strategic asset for governments around the world looking to modernize and strengthen their defense capabilities,' Eric Martel, president and chief executive officer of Bombardier, said in a statement. 'Bombardier Global aircraft are ideally suited for the most demanding missions, with proven flexibility, reliability, power generation, range and ability to operate at high altitudes.' About Bombardier Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Bombardier stock (TSX:BBD.A) last traded at C$106.05. The stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020. Join the discussion: Find out what everybody's saying about Bombardier's deal with Saab on the Bombardier Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
19-06-2025
- Business
- Cision Canada
Minister Joly travels to France to support innovative Canadian industries
PARIS, /CNW/ - The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, led Canada's presence at the 55th International Paris Air Show. Minister Joly showcased Canada's highly innovative aerospace sector and promoted the country as a top destination for global aerospace investment—at a time when Canada is seeking to help build trusted, reliable partnerships that support its companies and workers. Minister Joly met with CEOs of Canadian and global aerospace businesses as well as with key provincial partners, including François Legault, Premier of Quebec; Christine Fréchette, Quebec Minister of Economy, Innovation and Energy; and the Honourable Victor Fedeli, Ontario Minister of Economic Development, Job Creation and Trade. During the visit, Minister Joly underscored Canada's world-class aerospace sector, with its strong workforce and cutting-edge innovation, and highlighted that the government is committed to making major investments in the economy and supporting Canada's defence sector. These investments will generate jobs and opportunities throughout Canada's industrial base, strengthen domestic capabilities, and diversity Canada's international partnerships. She also advocated for workers across other Canadian industries, including steel and aluminum, which are well positioned to be better integrated into global aerospace supply chains. A highlight of the visit was LOT Polish Airlines' announcement of its intention to purchase up to 84 Canadian-built Airbus A220 aircraft, made in Mirabel, Quebec. This is a major win for Canadian workers. The deal will create many high-paying jobs and highlights Canada's desire for deeper industrial and commercial ties with Europe at a time when cooperation with reliable partners is more important than ever. Minister Joly welcomed France's announcement of its purchase of new GlobalEye aircraft from Saab, which uses Bombardier's Canadian-designed, -developed and -built Global 6500 platform. In addition, Minister Joly welcomed the announcement of $87.4 million for the latest projects from the Initiative for Sustainable Aviation Technology (INSAT), a pan-Canadian, industry-led network focused on accelerating sustainable innovation in aviation. Prior to the Paris Air Show, Minister Joly represented Canada at VivaTech 2025, Europe's largest startup and tech event. Canada was Country of the Year at the event, and its participation was a celebration of our leadership in AI and new technologies that the world needs. Quotes "Canada is open for business. Our aerospace companies and workers help lead the world, and international partners want to invest. Canada is one of the few countries in the world that has everything needed to develop and manufacture modern aircraft. Building the strongest economy in the G7 means supporting our leading industries, forging new trade partnerships and showing Canadian leadership at home and around the world." – The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions Quick facts Canada is one of the top suppliers of aircraft technology, and Canadian-made aerospace parts are used on almost every passenger aircraft in the world. The International Paris Air Show is a global showcase for the aerospace industry that attracts over 2,500 exhibitors from 48 countries. Associated links Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. SOURCE Innovation, Science and Economic Development Canada
Yahoo
18-06-2025
- Business
- Yahoo
France announces intention to procure GlobalEye from Saab
STOCKHOLM, June 18, 2025 /PRNewswire/ -- Saab and the French defence procurement agency, Direction générale de l'armement (DGA), have today signed a joint declaration of intent regarding the sale of Saab's GlobalEye Early Warning and Control (AEW&C) aircraft to France, including ground equipment, training and support. The joint declaration of intent, which was signed today at the Paris Air Show, includes DGA's intention to procure two GlobalEye aircraft from Saab. The joint declaration of intent also includes an option for DGA to purchase two additional aircraft. A final notification process to complete the procurement will now follow. The DGA has stated that a contract is expected to be finalised in the coming months. The parties have not yet entered into a contract and Saab has not yet received an order for GlobalEye from France. "We welcome today's announcement by France about the intention to procure GlobalEye, which will enhance the French Armed Forces' situational awareness and threat detection across the air, land and sea domains. Our solution will enable France to maintain full sovereign control of its airborne early warning and control capability," says Micael Johansson, President and CEO of Saab. GlobalEye is an advanced multi-domain AEW&C solution with an array of active and passive sensors that provide long-range detection and identification of objects in the air, at sea and over land. By providing real-time information to air forces, armies and navies, GlobalEye enables enhanced situational awareness of the surrounding areas and early detection of threats. Contact Saab Press Centre+46 (0)734 180 018presscentre@ Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations. This information was brought to you by Cision The following files are available for download: France announces intention to procure GlobalEye from Saab Saab GlobalEye Airborne Early Warning and Control aircraft View original content: SOURCE Saab Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
18-06-2025
- Business
- Reuters
France aims to buy four Global Eye military aircraft, Sweden says
OSLO, June 18 (Reuters) - France communicated its intention on Wednesday to acquire four Global Eye military aircraft, Swedish Defence Minister Pal Jonson said in a post on social media platform X. Global Eye is a multi-role surveillance aircraft made by Swedish defence group Saab ( opens new tab. A sale of the early warning and control aircraft to France will benefit both countries and deepen their interoperability, Jonson said after attending the Paris Air Show. He did not say when a contract could be signed or how much the aircraft would cost. NATO members Sweden and France also signed a road map on further defence cooperation, Jonson said.
Yahoo
28-05-2025
- Business
- Yahoo
Saab GlobalEye Set To Challenge Boeing E-7 As Canada's New Radar Plane
Saab of Sweden is pitching its GlobalEye multi-sensor surveillance plane to Canada, which is searching for a new airborne early warning and control (AEW&C) capability, the first in its history. While the GlobalEye will face stiff competition from the Boeing E-7 Wedgetail, which had been selected by the U.S. Air Force and NATO, among others, the Swedish solution will be combined with a Canadian-made Bombardier Global 6000/6500 airframe. Ahead of the CANSEC 2025 defense and security exhibition, Saab announced today that it's ready to offer the GlobalEye to Canada, the manufacturer saying that this 'combines the best of Swedish and Canadian expertise and quality to match the requirements of Canada's acquisition program.' The manufacturer also announced today that it plans to ramp up Global Eye production, if required, to four aircraft annually. 'GlobalEye is a truly strategic asset — a multi-domain solution that delivers increased situational awareness and rapid response capability across air, maritime, and land domains,' said Anders Carp, Deputy CEO of Saab. 'With Bombardier's world-class aircraft made right here in Canada, and Saab's proven expertise in radar development and advanced surveillance technologies, we believe GlobalEye represents a unique opportunity to deliver unmatched capability while growing Canada's aerospace and defense sectors.' The GlobalEye is already in operational service on a Global 6000 platform with the United Arab Emirates, which acquired five examples. Sweden is also set to receive three GlobalEye jets, locally known as the S 106, which will replace its last two older Saab 340 AEW&C aircraft, which are being transferred to Ukraine, as you can read about here. The Saab 340 AEW&C is equipped with the Saab Erieye radar system, the progenitor of the GlobalEye, which is also currently in service with Brazil, Greece, Mexico, Pakistan, Poland, Saudi Arabia, and Thailand, on a variety of different aircraft platforms. As we've discussed in the past, the GlobalEye, which is sometimes marketed under the Swing Role Surveillance System (SRSS) name, combines Saab's Erieye Extended Range (ER) active electronically scanned array (AESA) radar with a number of additional sensors. The Erieye S-Band gallium-nitride radar is installed in the 'ski-box' mounted on top of GlobalEye's fuselage. But as a multi-sensor surveillance aircraft, the GlobalEye is able to provide long-range detection and identification of objects at sea and over land, as well as in the air. For maritime surveillance, the GlobalEye can call upon the Erieye radar, as well as a dedicated maritime surveillance radar, a Leonardo Seaspray with an AESA antenna. Between them, they can detect objects as small as jet skis or submarine periscopes at long distances. Meanwhile, an automatic identification system (AIS), a FLIR Systems Star Safire 380HD electro-optical sensor turret, and inverse synthetic aperture radar (ISAR) can be used for identifying objects. Notably, while the rival E-7 can also perform surface surveillance with its radar, this is not its primary capability set, and it does not have a second dedicated array for it. The GlobalEye's maritime surveillance role could be of particular interest to Canada, as the country seeks to increase its overall presence in the Arctic. In the past, the demands of a steadily more contested Arctic region have seen Canada look at long-range surveillance drones. Clearly, there is a growing requirement for maritime surveillance assets that can cover the vast swaths of the Arctic, protecting Canadian and allied strategic and economic interests and keeping tabs on the increasing Russian and Chinese military and civilian maritime activity in the region. The GlobalEye can also conduct ground surveillance, employing its radar to detect moving objects at long ranges using wide-area ground moving target indication (GMTI). All these sensors are combined with a multi-domain command and control (C2) system and a powerful electronic support measures (ESM) suite. While there is little doubt about the potential of the GlobalEye mission package, Saab is hoping that the chosen airframe could also help clinch the Canadian deal. By offering the Global 6000/6500 aircraft, Canada would be getting a locally built platform, bringing various industrial advantages, in terms of jobs, domestic content, and involvement of Canadian companies within a global supply chain. Canada's requirement for an AEW&C capability is a relatively new one, and the country has never previously operated an aircraft in this class. Ottawa's plans to buy an AEW&C platform were formally unveiled in April 2024, when the government released its defense policy. This called for a new platform to 'detect aircraft and missiles at long ranges in real time and from much further away than ground-based radars and then manage the battle space in response to a threat.' Such a capability will 'will vastly improve the [Royal Canadian Air Force's] ability to detect, track and prioritize airborne threats sooner, respond faster, and better coordinate our response with the United States when required.' As such, the future AEW&C aircraft will be an important part of the U.S.-Canadian North American Aerospace Defense Command (NORAD), an area in which Ottawa is increasingly investing resources, faced by a resurgent Russian threat. As well as planned purchases of stealthy F-35A Joint Strike Fighters to replace aging CF-18 Hornet fighters, Canada is showing increasing interest in participating in Golden Dome defense efforts, which extend into space, as you can read about here. According to reports, Ottawa has allocated around $5.463 billion for the project over a 20-year period, which includes buying the aircraft as well as operating and supporting them. The first of these aircraft is planned to enter service in the late 2030s. It seems almost certain that Canada's search for an AEW&C aircraft will see the GlobalEye face off against the Boeing E-7 Wedgetail. This will be something of a repeat of the Canadian Multi-Mission Aircraft (CMMA) project, which ended up with Canada selecting the Boeing P-8 Poseidon to replace its old CP-140 Aurora (a version of the P-3 Orion) maritime patrol aircraft. As we reported at the time, Boeing secured a sole-source deal valued at around $5.9 billion for 14 P-8s, plus associated equipment and initial maintenance. There is also an option to buy two more P-8s at a later date. Ultimately, the whole deal could be worth around $7.7 billion. Today, we announced that Canada selected the P-8A Poseidon as its new Multi-Mission Aircraft. Canada is acquiring up to 16 Poseidon aircraft, a proven capability operated by our Allies. @RCAF_ARC #WellEquippedhttps:// — National Defence (@NationalDefence) November 30, 2023 The P-8 defeated a rival offering from Bombardier and General Dynamics Mission Systems–Canada, based on the Global 6500 airframe. Unlike the Global 6500-based CMMA proposal, however, the GlobalEye is already in production and in service on the same Canadian-made platform. On the other hand, with Canada already having bought Boeing's P-8, the E-7, which is also based on an adapted 737 airliner, would offer a significant degree of commonality, not to mention a higher level of interoperability with future U.S. Air Force and NATO Wedgetail fleets. Among the FIVE EYES allies — the intelligence alliance that comprises Australia, Canada, New Zealand, the United Kingdom, and the United States — all will eventually operate the P-8. Australia, the United Kingdom, and the United States all will operate the E-7. In April 2022, the U.S. Air Force announced plans to replace a portion of its fleet of E-3 Sentry Airborne Warning And Control System, or AWACS, aircraft with E-7s, a decision that was widely expected. NATO then followed the U.S. Air Force's lead, announcing in November 2023 that the E-7 would be its next AEW&C platform, also replacing aging E-3s. NEW – #NATO has selected its next generation command & control aircraft as the Alliance's @NATOAWACS fleet nears retirement. Production of 6 new Boeing's E-7A Wedgetail aircraft is set to begin in the coming years. — NATO Spokesperson (@NATOpress) November 15, 2023 On the political side, the P-8's victory in the CMMA project marked a turning point for Boeing, after the U.S. manufacturer had been criticized by Canada as an untrustworthy partner back in 2017. This had extinguished any chances of Canada buying the F/A-18E/F Super Hornet as its next fighter. As part of its protracted search for a replacement for its aging CF-18s, Canada had lined up a purchase of F/A-18E/Fs from Boeing as 'interim fighters'. Boeing then complained to the U.S. government that Bombardier was receiving subsidies, allowing it to sell its C-Series commercial passenger aircraft at prices that undercut the market and threatened the U.S. company's own sales. There followed an economic spat between the United States and its neighbor, and Canada walked away from the planned Super Hornet buy. By the time of the P-8 deal, the issue had been forgotten, to all intents and purposes, although Boeing will have to ensure 'meaningful business activities and make targeted investments in Canadian industry to support the growth of our aerospace and defense sector,' in delivering the P-8s. The same would very likely also apply to any sale of E-7s to Canada. Since the Poseidon deal, however, relations between Canada and the United States have taken a dramatic turn for the worse. A new global trade war under U.S. President Donald Trump has seen Canada become one of the first countries to be targeted with tariffs. Meanwhile, Trump has repeatedly talked about making Canada the '51st state.' The tariff wars could still play a role in Canada's decision on its new airborne early warning and control aircraft. In particular, independence of operation is now a much bigger issue for Canada and one area in which the Saab offering has a clear advantage. Whatever the relationship with the United States, the GlobalEye would be free from U.S.-controlled maintenance and logistics chains, as well as computer networks. However, as we've seen in the past with the P-8 Poseidon, it would seem very unwise to rule out Boeing from the competition, whatever happens next in the relationship between Ottawa and Washington. Contact the author: thomas@
