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Defense Business Overview: Russia Shows Off New Weapons. Rheinmetall & GM Defense team for Army bid; hedge fund invests in Aerojet; more.

Russia hosted a major arms exhibition outside Moscow this week, unveiling future plans for weapons displays and military modernization as the economy shrinks following President Vladimir Putin’s invasion of Ukraine.

Nearly six months into the war, the Russian Ministry of Defense displayed Ukrainian weapons and equipment it claimed had been taken from the battlefield. Getty Images released photos of tanks, armored vehicles, boats and missiles on display, including an American-made Humvee.

The language used by Russian officials was very similar to what we heard from Western officials. Putin also mentioned “dual-use products”, technologies that benefit both the military and commercial sectors. “We stand ready to provide our allies and partners with the latest range of weapons, from small arms to armored vehicles, artillery, military aviation and unmanned aerial vehicles,” he said on Monday.

Recall that the Russian civil aviation sector has been hit hard by Western sanctions. With no American or European parts available, Russian airlines began cannibalizing Boeing and Airbus planes to keep them flying. Russia has been banned from participating in this year’s Farnborough Air Show following its invasion of Ukraine.

Also CNA’s Sam Bedett pointed out The creation of an artificial intelligence research and development department by the Russian Ministry of Defense.

“Russia [ministry of defense] We discussed such an effort over a year ago as we look to integrate and better manage different AI-related R&D across departments, research institutes and defense industry companies,” Bendett said. Tweeted. “In that sense, it may have similar functions to the Department of Defense. [Joint Artificial Intelligence Center] But perhaps we need more direct oversight of actual work and, most importantly, budgets and funding. Given how important AI (and robotics) is to the Russian Ministry of Defense today, the department may be playing a central role in formulating policy and directing practical work. ”

Here are some photos from the Moscow arms exhibition.

back to America American Rheinmetall Vehicles and GM Defense have teamed up to compete in the US Army’s $5 billion Common Tactical Truck program. Germany’s Rheinmetall is expanding its presence in the US and building partnerships with US companies to compete in army projects. The Army plans to award contracts for several prototype vehicles in December. In 2020, the Army selected GM Defense to build his more than 1,000 small personnel carriers. It was the company’s first major Pentagon deal since it declared in 2017 that it wanted to disrupt the military truck market.

In other military vehicle news, The Marine Corps awarded BAE Systems an $88 million contract to “build multiple ACV-30 production representative test vehicles” to be used for testing.

Hedge fund Elliott Investment Management invests Rocket maker Aerojet Rocketdyne had a turbulent year after the Federal Trade Commission blocked its sale to Lockheed Martin. Bloomberg reports that the group has acquired his 3.7% stake in Aerojet.

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