Army Guide Monthly • Issue #6 (165)
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PVB Weekly Market View the Fed a Dovish Or a Hawkish Cut 25 October
Macro Strategy | 25 October 2019 Weekly Market View 1 A Fed rate cut next week, with a dovish tone, is likely to further boost risk appetite, in our view Equities: US Q3 earnings from the financial and technology sectors have beaten forecasts, supporting our bullish view on US equities Bonds: Any decline in Treasury yields after the Fed meeting may be used to add EM USD exposure; EM local currency bonds look attractive The Fed – a dovish or a hawkish cut? FX: GBP, AUD, CAD look attractive as the USD peaks This commentary reflects the views of the Wealth Management Group of Standard Chartered Bank. Important disclosures can be found 1 in the Disclosures Appendix. Standard Chartered Bank weekly market view | 25 October 2019 Contents The Fed – a dovish or a hawkish cut? 1 What does this mean for investors? 4 What are the best opportunities if the USD is peaking? 5 Market performance summary 6 Economic and market calendar 7 Disclosures 8 Chart of the week: Markets pricing in a Fed cut on 31 October Probability of a 25bps Fed rate cut at the 31 October policy meeting based on money market pricing 95 80 65 50 Probability (%) Probability 35 20 Jul-19 Aug-19 Sep-19 Oct-19 October Fed meeting - probability of a cut Source: Bloomberg, Standard Chartered Editorial The Fed – a dovish or a hawkish cut? Global equity markets and commodities extended their rally over the past week amid further signs of progress in US-China trade As the risk rally extends with further signs of progress in US- talks China trade talks, the focus turns towards the Fed meeting on Benchmark market performance w/w* 31 October. -
Progress in Delivering the British Army's Armoured
AVF0014 Written evidence submitted by Nicholas Drummond “Progress in Delivering the British Army’s Armoured Vehicle Capability.” Nicholas Drummond Defence Industry Consultant and Commentator Aura Consulting Ltd. ______________________________________________________________________________ _________ Contents Section 1 - Introduction Section 2 - HCDC questions 1. Does the Army have a clear understanding of how it will employ its armoured vehicles in future operations? 2. Given the delays to its programmes, will the Army be able to field the Strike Brigades and an armoured division as envisaged by the 2015 SDSR? 3. How much has the Army spent on procuring armoured vehicles over the last 20 years? How many vehicles has it procured with this funding? 4. What other capabilities has the Army sacrificed in order to fund overruns in its core armoured vehicles programmes? 5. How flexible can the Army be in adapting its current armoured vehicle plans to the results of the Integrated Review? 6. By 2025 will the Army be able to match the potential threat posed by peer adversaries? 7. Is the Army still confident that the Warrior CSP can deliver an effective vehicle capability for the foreseeable future? 8. To what extent does poor contractor performance explain the delays to the Warrior and Ajax programmes? 9. Should the UK have a land vehicles industrial strategy, and if so what benefits would this bring? 10. What sovereign capability for the design and production of armoured vehicles does the UK retain? 11. Does it make sense to upgrade the Challenger 2 when newer, more capable vehicles may be available from our NATO allies? 12. What other key gaps are emerging within the Army’s armoured vehicle capability? 13. -
Memorial De Infantería 73
MEMORIAL DE INFANTERÍA Número 73 ● Año 2016 MEMORIAL DE INFANTERÍA Cuarta época • Año 2016 • Número 73 Fundado en 1852 TOLEDO ASPECTOSMEMORIAL INSTITUCIONALES DE INFANTERÍA Revista del Arma de Infantería Núm. 73 - año 2016 DIRECTOR Coronel Inspector del Arma de Infantería. D. Luis Manuel Candal Añón. SUBDIRECTOR Coronel Secretario del Arma de Infantería. D. Fernando Gil Franco. VOCALES TCol. D. Pedro Agustín Delgado Pérez. Jefe de Plana Mayor de Dirección. TCol. D. Francisco Martínez Méndez. Jefatura de Estudios (Dpto. de Ciencia Militar). TCol. D. Jesús Lozano Aragüés. Jefatura de Estudios (Núcleo de Formación Profesional). TCol. D. José María Pascual Orbe. Jefatura de Estudios (Dpto. Técnica Militar). TCol. D. Antonio Gómez Zambudio. Jefatura de Apoyo y Servicios. TCol. D. Antonio Piñana Martínez. DIDOM-JADINF (Área de Orgánica y Materiales). TCol. D. Carlos Vera Sibajas. DIDOM-JADINF (Área de Investigación y Análisis). TCol. D. Florentino Nebrera Parra. DIDOM-JADINF (Área de Doctrina). TCol. D. Lorenzo Martín Coba. EGE-Jefatura Escuela de Educación Física. SMBY D. Julio Núñez Rodríguez. Academia de Infantería. PUBLICACIÓN Academia de Infantería. Teléfonos 925 24 78 00 Exts. 3043 - 3045 - 3047 RCT. 881 3043 - 881 3045 - 881 3047 Distribución: Centro de Publicaciones C/. Camino de Ingenieros, 6 - 28047 (Madrid) Telf.: 91 364 74 21. Fax: 91 364 74 07. Los números editados se pueden consultar en formato electrónico en: http://publicaciones.defensa.gob.es/inicio/revistas APP Revistas Defensa: disponible en tienda Google Play http://play.google.com/store para dispositivos Android, y en App Store para iPhones y iPads, http://store.apple.com/es Este Memorial se puede solicitar en papel en la modalidad de impresión bajo demanda. -
Efes 2018 Combined Joint Live Fire Exercise
VOLUME 12 ISSUE 82 YEAR 2018 ISSN 1306 5998 A LOOK AT THE TURKISH DEFENSE INDUSTRY LAND PLATFORMS/SYSTEMS SECTOR EFES 2018 COMBINED JOINT LIVE FIRE EXERCISE PAKISTAN TO PROCURE 30 T129 ATAK HELICOPTER FROM TURKEY TURAF’S FIRST F-35A MAKES MAIDEN FLIGHT TURKISH DEFENCE & AEROSPACE INDUSTRIES 2017 PERFORMANCE REPORT ISSUE 82/2018 1 DEFENCE TURKEY VOLUME: 12 ISSUE: 82 YEAR: 2018 ISSN 1306 5998 Publisher Hatice Ayşe EVERS Publisher & Editor in Chief Ayşe EVERS 6 [email protected] Managing Editor Cem AKALIN [email protected] Editor İbrahim SÜNNETÇİ [email protected] Administrative Coordinator Yeşim BİLGİNOĞLU YÖRÜK [email protected] International Relations Director Şebnem AKALIN [email protected] Advertisement Director 30 Yasemin BOLAT YILDIZ [email protected] Translation Tanyel AKMAN [email protected] Editing Mona Melleberg YÜKSELTÜRK Robert EVERS Graphics & Design Gülsemin BOLAT Görkem ELMAS [email protected] Photographer Sinan Niyazi KUTSAL 46 Advisory Board (R) Major General Fahir ALTAN (R) Navy Captain Zafer BETONER Prof Dr. Nafiz ALEMDAROĞLU Cem KOÇ Asst. Prof. Dr. Altan ÖZKİL Kaya YAZGAN Ali KALIPÇI Zeynep KAREL DEFENCE TURKEY Administrative Office DT Medya LTD.STI Güneypark Kümeevleri (Sinpaş Altınoran) Kule 3 No:142 Çankaya Ankara / Turkey 58 Tel: +90 (312) 447 1320 [email protected] www.defenceturkey.com Printing Demir Ofis Kırtasiye Perpa Ticaret Merkezi B Blok Kat:8 No:936 Şişli / İstanbul Tel: +90 212 222 26 36 [email protected] www.demirofiskirtasiye.com Basım Tarihi Nisan - Mayıs 2018 Yayın Türü Süreli DT Medya LTD. ŞTİ. 74 © All rights reserved. -
Otokar 2019 Annual Report
OTOKAR 2019 ANNUAL REPORT CONTENTS 2 CHAIRMAN’S MESSAGE 4 ABOUT 6 OTOKAR IN NUMBERS 8 SUMMARY FINANCIAL INFORMATION 10 AREAS OF OPERATION 12 MILESTONES 14 HIGHLIGHTS OF 2019 18 GENERAL ASSEMBLY 38 COMMERCIAL VEHICLES 40 DEFENSE INDUSTRY 42 R&D ACTIVITIES 44 CREATING VALUE FOR STAKEHOLDERS 46 DIGITAL TRANSFORMATION 48 SUSTAINABILITY 50 HUMAN RESOURCES 52 INVESTOR RELATIONS 54 FUTURE 56 CORPORATE GOVERNANCE 72 FINANCIAL STATEMENTS 149 INFORMATION DOCUMENTS 154 CORPORATE GOVERNANCE COMPLIANCE REPORT 166 GLOSSARY WE EMBARKED ON A JOURNEY WITH THE IDEA OF INTRODUCING A FIRST IN OUR COUNTRY. WE WORKED HARD AND WENT FAR WITH FIRM STEPS. INNOVATIONS AND NEW FIRSTS FOLLOWED. ON EVERY PATH WE SET OFF, SAYING, “WE CAN!”, WE PROVED OURSELVES. WE TRANSCENDED BORDERS WITH OUR NAME AND OPENED UP TO THE WORLD. WE STARTED TO TRAVEL THE ROADS IN MORE THAN 60 COUNTRIES ON FIVE CONTINENTS. WE CONTINUED TO PURSUE OUR GOALS WITH DETERMINATION. EMPOWERED BY OUR PROUD ACHIEVEMENTS, WE NEVER LOST SIGHT OF OUR GOALS. WE ARE ON A JOURNEY TOWARD THE FUTURE SINCE THE VERY FIRST DAY, ALWAYS AIMING TO STAY AHEAD OF THE CURVE, AND TAKING EACH STEP WITH EYES FIRMLY FIXED ON OUR GOALS. WE ARE READY FOR THE FUTURE! OVERVIEW GENERAL ASSEMBLY OTOKAR IN 2019 CORPORATE GOVERNANCE FINANCIAL STATEMENTS INFORMATION DOCUMENT CORPORATE GOVERNANCE COMPLIANCE REPORT CHAIRMAN’S MESSAGE OTOKAR CONTINUED TO REMAIN FOCUSED ON THE LONG-TERM GOALS AND ACHIEVED A RECORD GROWTH OF 45 PERCENT IN 2019 WITH TL 2.4 BILLION IN SALES. 2 OTOKAR 2019 ANNUAL REPORT Esteemed Shareholders, Partners domestic market, we continued to In commercial vehicles, our 2020 and Employees, be the most preferred bus brand target is to increase bus sales globally in our specifc segments, with one and especially in the European I am proud to report that 2019 was a out of every three buses sold in market. -
Looking Ahead Is the Key for Progress… Contents
Annual Report looking ahead is the key for progress… Contents 3 Vision 34 Corporate Governance 62 Reports and Financial Statements 3 Mission 36 Members of the Board of 63 Report by the Committee 4 Otokar in Brief Directors and Committees Responsible from Audit 6 1963-2013 Milestones 37 CV’s of Nominees for the Board of 65 Independent Auditors’ Report Directors 8 Otokar’s Competitive Advantages 67 Financial Statements and Notes 38 Declarations of Independence of 10 Otokar’s Operational Lines 124 Information Document the Board of Directors Nominees 12 Key Indicators 39 Remuneration Policy 16 Chairman’s Message 40 Independent Auditor Report on 18 Board of Directors Annual Report 20 Senior Management 41 Meeting Agenda 22 2013 Activities 42 Board of Directors Report 24 Commercial Vehicles 46 Profit Distribution Policy 24 Public Transportation 47 Profit Distribution Proposal 25 Logistic Vehicles 48 Legal Disclosures 26 Defence Industry 49 Corporate Governance Principles 28 R&D Operations Compliance Report 29 Productivity Operations 58 Risk Management 30 After Sales Services 60 Internal Control System and 31 Toward the Future… Internal Audit 32 Sustainability 60 Report on Related Parties 32 Corporate Social Responsibility 61 Report on Affiliated Companies 32 Environment 33 Human Resources The most important attributes which have made placed Otokar in the position it is today are its dedication to always stand by its customers, and to produce solutions for their expectations, needs and requests in the most ideal manner. As one of the building blocks in the development of the Turkish automotive industry, Otokar has lit the torch which it has been carrying with the same excitement and belief for 50 years. -
'British Army's Ajax'
DEFENDINGTHE BRITISH EUROPE:EUROPE: “GLARMY’SOBAL BRITBRIT AJAX:AIN”AIN” AND THETHE FUTUREFUTURE OFFIT EUROPEAN FOR GEOPOLITICSPURPOSE? BY JROBERTAMES ROGERS CLARK, DEFENCE FELLOW DEMOCRACY || FFREEDOMREEDOM || HUMANHUMAN RIGHTRIGHTSS ReportReportAugust No No. 2018/. 2018/ 20211 1 Published in 2021 by The Henry Jackson Society The Henry Jackson Society Millbank Tower 21-24 Millbank London SW1P 4QP Registered charity no. 1140489 Tel: +44 (0)20 7340 4520 www.henryjacksonsociety.org © The Henry Jackson Society, 2021. All rights reserved. The views expressed in this publication are those of the author and are not necessarily indicative of those of The Henry Jackson Society or its Trustees. Title: “THE BRITISH ARMY’S AJAX: FIT FOR PURPOSE?” By Robert Clark, Defence Fellow Cover image: Pictured is the new AJAX prototype shown near its future assembly site in Merthyr Tydfil, Wales (http://www.defenceimagery.mod.uk/fotoweb/fwbin/download.dll/45153802.jpg). THE BRITISH ARMY’S AJAX: FIT FOR PURPOSE? BY ROBERT CLARK, DEFENCE FELLOW August 2021 THE BRITISH ARMY’S AJAX: FIT FOR PURPOSE? About the Author Robert Clark completed a BA in International Relations and Arabic (First Class Honours) at Nottingham Trent University and an MA in International Conflict Studies (Distinction) at King’s College London. Robert’s main research interests include emerging technologies within defence, alliance building and the transatlantic partnership, and authoritarian threats to the global order. Robert’s most recent work has been published by the NATO Defence College and Civitas. Robert has submitted evidence for both the Defence and Foreign Affairs Select Committees, and he is a regular contributor for the UK Defence Journal. -
The Defence Needs of Azerbaijani Armed Forces for Peace, Security, and Stability
Open Military Studies 2020; 1: 79–87 Research Article Muhammad Ali Baig*,† The Defence Needs of Azerbaijani Armed Forces for Peace, Security, and Stability https://10.1515/openms-2020-0106 Received Oct 15, 2020; accepted Dec 11, 2020 Abstract: Azerbaijan is a peace-loving country and a cooperative member of the United Nations Organization. Being a sovereign member of the international community, it has all the rights and privileges entitled to a state. However, the claims of neighbouring Armenia driven by irredentism and revanchism over the contested region of Nagorno Karabakh have led to numerous conflicts between the two. Having the role of ensuring Azerbaijan’s political integrity and sovereign status, the role of its armed forces is demanding yet challenging. This article is geared towards analysing the operational capabilities of Azerbaijani Armed Forces with a special focus on equipment, doctrine, and command and control platforms. It also assesses and prescribes the necessary and immediate needs to deter the threats and to thwart any military conflict. It theorises the potential of Azerbaijan-Pakistan defence relations. Finally, it aspires to take a structural approach in explaining the state behaviour and the relevance of security in contemporary times. Keywords: Azerbaijan, Armenia, Nagorno Karabakh, Armed Forces, Caspian Sea, Peace and Security 1 Introduction The military force of a state not only ensures security, but it guarantees a rapid yet credible response in case of an armed conflict. The size, structure, organization and equipment along with training play a vital role in such endeavours. Apart from these pivotal constituent elements, the doctrine by the virtue of which an armed force guides its actions serves as the basic framework to achieve policy objectives. -
Soloturk Celebrates Its 10Th Anniversary
VOLUME 15 . ISSUE 108 . YEAR 2021 SOLOTURK CELEBRATES ITS 10TH ANNIVERSARY ASELSAN’S NEW ELECTRO-OPTICAL SOLUTIONS FOR NATIONAL UAV PLATFORMS PN-MILGEM CORVETTES TO BE ARMED WITH THE S-80 PLUS MBDA’S ALBATROS SUBMARINE NG NBAD SYSTEM! PROGRAM ISSN 1306 5998 Yayıncı / Publisher Hatice Ayşe EVERS 6 48 Genel Yayın Yönetmeni / Editor in Chief Hatice Ayşe EVERS (AKALIN) [email protected] Şef Editör / Managing Editor Cem AKALIN [email protected] Uluslararası İlişkiler Direktörü / International Relations Director Şebnem AKALIN [email protected] Kıdemli Editör/ Senior Editor TEI-PD170-DT Turbodiesel İbrahim SÜNNETÇİ [email protected] Aviation Engine Through the Eyes of an Engineer İdari İşler Kordinatörü / Administrative Coordinator Yeşim BİLGİNOĞLU YÖRÜK [email protected] Muhabir / Correspondent Saffet UYANIK Major General Sergei 50 [email protected] SIMONENKO: “We Could Take Çeviri / Translation Certain Steps Towards Building up Tanyel AKMAN Our Contacts and Strengthening, [email protected] Among Other things, Military- Redaksiyon / Proof Reading Technical Cooperation Between Mona Melleberg YÜKSELTÜRK the Defense establishments of Our States.” Grafik & Tasarım / Graphics & Design Gülsemin BOLAT Görkem ELMAS [email protected] Fotoğrafçı / Photographer Sinan Niyazi KUTSAL Havacılık Fotoğrafçısı / Aviation Photographer 20 Cem DOĞUT Yazarlar / Authors Cem DOĞUT Cem Devrim YAYLALI Feridun TAŞDAN Yayın Danışma Kurulu / Advisory Board (R) Major General -
Lehigh Preserve Institutional Repository
Lehigh Preserve Institutional Repository Modeling and Analyzing a Patch of Human Red Blood Cell by Coarse-Grained Particle Method Kaya, Orhan 2019 Find more at https://preserve.lib.lehigh.edu/ This document is brought to you for free and open access by Lehigh Preserve. It has been accepted for inclusion by an authorized administrator of Lehigh Preserve. For more information, please contact [email protected]. Modeling and Analyzing a Patch of Human Red Blood Cell by Coarse-Grained Particle Method by Orhan Kaya A Thesis Presented to the Graduate and Research Committee of Lehigh University in Candidacy for the Degree of Master of Science in Department of Mechanical Engineering and Mechanics Lehigh University Jan - 2019 I Thesis is accepted and approved in partial fulfillment of the requirements for the Master of Science in Department of Mechanical Engineering and Mechanics. -------------------------- Date Approved ---------------------------------------------- Dr. Yaling Liu, Thesis Advisor ---------------------------------------------- Dr. Gary Harlow, Chairperson of Department of Mechanical Engineering and Mechanics II ACKNOWLEDGMENTS First and foremost, I would like to dedicate this thesis to my family, including my mother Yazgül Kaya, my sister, Duygu Kaya, and my father, Hıdır Kaya. As someone who was not able to go to school, my mother dedicated her life to me. She invested all her time and energy, in working nonstop to finance my education. Second, I would like to thank my advisor, Dr. Yaling Liu, who gave me the opportunity to pursue my Master of Science at his excellent interdisciplinary research laboratory and to purchase a mini workstation to run my simulation on it. His laboratory allowed me to acquire high-quality knowledge and taught me how to do real research not only in my research area but also in diverse research fields with different scopes. -
Security & Defence European
a 8.90 D 14974 E D European & Security ES & Defence 4/2020 International Security and Defence Journal COUNTRY FOCUS: FRANCE ISSN 1617-7983 • 105 / 155mm Ammunition www.euro-sd.com • • Pivot to Asia • Future Tactical UAS • CBRN: Protecting the Population • European Transport Helicopters April 2020 • European Submarine Programmes • Malaysia's Distracted Defence Politics · Armed Forces · Procurement · Technology Deep Mourning for Dr Peter Bossdorf It is with great sadness that we have to report the sudden death of our Mana- ging Director and Publishing Director Dr Peter Bossdorf, who passed away on 26 February 2020. Our deepest sympathies go to his wife and his family. Dr Bossdorf joined Report Verlag in 2006, became its Publishing Director in 2007 and later was appointed Managing Direc- tor. In addition, he was Editor-in-Chief of the magazine "Strategie & Technik", which evolved from the traditional "Soldat und Technik" publication. As a result of the merger of Report Verlag with E.S. Mittler & Sohn publishing house, that created Mittler Report Verlag in 2012, the magazi- nes "Strategie & Technik" and "Europäische Sicherheit" were combined under his lea- dership to form the current "Europäische Sicherheit & Technik". At the same time, Dr Bossdorf was appointed Managing Director of Mittler Report Verlag, where he also played a decisive role in the development of the English-language magazine "Europe- an Security & Defence" from a quarterly magazine to an internationally recognised specialist monthly journal. One year ago, Dr Bossdorf also took over the management of K&K Medienverlag-Hardthöhe GmbH as Publisher of the magazine "Hardthöhen- kurier", so that he was most recently the highly valued Managing Director of two publishing houses as well as Editor-in-Chief of "European Security & Defence". -
A Review on Design and Analysis of Amphibious Vehicle
International Journal of Science, Technology & Management www.ijstm.com Volume No.04, Issue No. 01, January 2015 ISSN (online): 2394-1537 A REVIEW ON DESIGN AND ANALYSIS OF AMPHIBIOUS VEHICLE Prof. P. S. Shirsath1, Prof. M. S. Hajare2, Prof. G. D. Sonawane3, Mr. Atul Kuwar4, Mr. S. U. Gunjal5 1,2,3Asst. Prof., Department of Mechanical Engineering, Sandip Foundation’s- SITRC, Mahiraavani, Trimbak Road, Nashik, Maharashtra, Savitribai Phule Pune University, Pune, Maharashtra, (India) 4Department of Mechanical Engineering, Sandip Foundation’s- SITRC, Mahiraavani, Trimbak Road, Nashik, Maharashtra, Savitribai Phule Pune University, Pune, Maharashtra, (India) 5P. G. Student, Department of Mechanical Engineering, GS Mandal’s- MIT, Aurangabad, Maharashtra, Dr. Babasaheb Ambedkar Marathwada University, Aurangabad, Maharashtra, (India) ABSTRACT An Amphibious vehicle is a means of transport, viable on land as well as on water even under water. It is simply may also called as Amphibian. Amphibious vehicle is a concept of vehicle having versatile usage. It can be put forward for the commercialization purpose with respect to various applications like in the field of military and rescue operations. Researchers are working on amphibious vehicle with capability to run in adverse conditions in efficient way. This paper focuses on concept of amphibious vehicle in detail. In later stage of paper we have explain and described the design and analysis of amphibious car. We have followed proper design procedure and enlisted the material used in detail. Capabilities of efficient amphibious vehicle will fulfil all the emerging needs of society. Success of every concept largely relies on research and development, though amphibious vehicle is yet to travel a long journey of innovative development, it has shown excellent potentials for future benefits.