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...The Ministry of Defence said the MRSS programme is “being considered under the new Integrated Procurement Model”, the department’s recently launched attempt to reform its procurement system....
...Safran, Airbus and Rolls-Royce have said they still source titanium from Russia and are negotiating contracts with alternative suppliers....
...Together with Safran of France, it is also the joint owner of ArianeGroup, the lead contractor on the Ariane family of European rockets....
...purchase of Collins’s flight control systems business....
...There are few systems as critical as flight control and actuation, which manage the manoeuvrability of an aircraft....
...Safran said its offer was based on an enterprise value for the unit, belonging to Collins Aerospace, of $1.8bn....
...First economists dialled those forecasts back to a “soft landing”, now they are talking about “no landing”....
...Earlier this month, France’s Thales said it was in exclusive talks to buy antenna and communications systems supplier Cobham Aerospace Communications for $1.1bn....
...Also in September, Ukraine said it had destroyed a sophisticated Russian S-400 air defence system covering the whole of the peninsula and damaged a landing ship and submarine in separate strikes....
...Five teams had been set up to examine every detail, from take-off to vehicle design, landing and even public communications....
...strains — that raise the possibility that the landing won’t be soft, if there is one....
...A lunar landing attempt by Pittsburgh-based Astrobotic Technology failed last month when problems with the spacecraft’s propulsion system resulted in a critical loss of fuel soon after its launch....
...Ukraine’s military said it destroyed a large Russian landing ship in another severe blow to Russia’s navy in the Black Sea....
...Alongside Roxel, owned equally by missile maker MBDA and France’s Safran, it is one of just two European manufacturers of “rocket motors”, propulsion systems for rockets and missiles....
...Safran “may still be interested, as it could generate some synergies with its equipment business, by integrating these mechanical actuators capabilities into its flight control systems”, Lemarie added....
...Yet any celebrations over the apparent soft landing among the central bankers and ministers in Washington were heavily mitigated by two factors....
...The bank is pretty evenly split on the probability of a soft landing or a recession by mid-2025....
...Ninety-nine per cent of the projectiles were intercepted, according to the Israeli military, with only a handful of ballistic missiles landing in Israeli territory....
...Some of Musk’s boldest predictions, such as rolling out self-driving Teslas and landing a rocket on Mars, have not yet been fulfilled....
...Right now, those look pretty cheap in a soft landing environment....
...ArianeGroup, owned by France’s Airbus and Safran, will no longer be the guaranteed prime contractor....
...This neutralises the impact to the financial system....
...The forward P/E can be anything; if we have a soft landing the future will look good, if we have a hard landing, the future will look bad....
...It provided a relatively liquid, stable asset that could be used outside global payment systems (notably Swift) and historically had performed well in periods of heightened uncertainty....
...But one thing I think that might sort of marry up the two things, the soft landing plus the yield curve, is that the soft landing doesn’t necessarily preclude a shallow recession....
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