Raytheon and Thales have concluded the transaction regarding the way the ThalesRaytheonSystems joint venture will be structured by each stakeholder. Company structure transitions are effective immediately.
The ThalesRaytheonSystems joint venture will focus solely on NATO agencies and NATO member nations for the delivery of the Air Command and Control System (ACCS), theatre missile defence, and ballistic missile defence.
Ground-based radars and non-ACCS-related air command and control systems currently within the joint venture portfolio will transition to their parent companies.
The former TRS LLC US Operations is now a wholly-owned subsidiary of Raytheon, Raytheon Command and Control Solutions; and the former TRS SAS French Operations is now a wholly-owned subsidiary of Thales.
As a result of the transaction, Raytheon made a cash payment to Thales in the amount of $90 million and will be recording a tax free gain of approximately $150 million in its second quarter.
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
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