Marine Corps Awards OTA for Long-Range Sea Drone ROBOTICS AND AUTONOMOUS SYSTEMS
2/23/2021
Metal Shark concept
The Marine Corps has selected shipbuilding company Metal Shark to develop a long-range unmanned surface vessel.
The service awarded the Louisiana-based company an other transaction authority agreement in January to design, build and test the vessels. Metal Shark will also work with the Marine Corps to integrate autonomy and an advanced command-and-control software suite into the systems.
Immediate next steps for the company include “development of a low-rate production fleet, a series of early crafts that will be incorporated into the Marine Corps [fleet] and used to develop, test and demonstrate the technology, which is intended in the early winter of 2023,” Metal Shark CEO Chris Allard said in an interview.
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172.35p
173.15p
5.6%
138.1m
1.1%
1 Based on four quarterly interim dividends of 2.00p per share declared on 20 March 2020, 5 May 2020, 6 August 2020 and 4 November 2020 for the year ended 31 October 2020 and based on the share price as at close of business on 31 January 2021.
2 Excluding 20,577,261 ordinary shares held in treasury.
3 Ongoing charges represent the management fee and all other operating expenses excluding interest as a % of average shareholders funds for the year ended 31 October 2020.
Sector Analysis
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For the one-month period ended 31 January 2021, the Company s NAV decreased by 1.5% and the share price by 1.4% (all in sterling). The Company s benchmark, the Russell 1000 Value Index, returned -1.4% for the period.
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From pilotless jets engaging in dogfights to huge undersea vessels ferrying troops, the Pentagon is pushing to increase the U.S. military s use of automation.
Defense moves are outpacing commercial automation efforts in the air, on the ground and beneath the waves as officials seek to counter American adversaries technological advances, according to current and former national-security and industry officials.
That progress highlighted in cockpits managed primarily by computers, totally autonomous helicopters and automated aerial-refueling tankers is likely to show up in future civilian aircraft, advanced air-traffic-control systems and a range of drone applications.
Skeptics worry automated systems sometimes reflect software developers desire to incorporate new capabilities without full testing. They point to examples of high-profile stumbles ranging from glitch-prone radio communication systems to software problems that have deprived pilots of adequate oxygen at the cont