QinetiQ’s CEO, Graham Love, was removed yesterday and replaced by Leo Quinn. Mr. Quinn has a history of turning businesses around in both England the United States including Honeywell. Mr. Love will remain until November 30th. Love has been the head of QinetiQ (QQ:LSE) for eight years guiding it through a transition from a private corporation set up out of parts of the English Ministry...
Government Industry Archive
October 2009
Washington Technology annually ranks government contractors in a variety of ways. They look for the top 100 in revenue and then break it down different ways including some stock metrics such as Return on Investment (ROI). Their list of the Top 100 for 2009 was led by Lockheed Martin with almost $15 billion. For ROI though the leader was KBR Inc. (KBR) followed by Dell Computer (Dell). KBR...
Boeing announced today that they would go ahead and establish the second 787 airliner production line in South Carolina. The company had openly discussed the move for several weeks with the CEO, Jim McNerney, making it clear that it could happen at the recent conference call to discuss earnings. Or in that case record losses of over $1.5 billion due to the delays to the 787 and 747-800...
The Land Warrior program was started back in the late Eighties with a goal of designing a integrated set of technologies that would improve an individual soldiers situational awareness and survivability on the modern battlefield. The idea seemed out of a science fiction novel like “Starship Troopers” although it did not include an armored, powered suit. Land Warrior would have a...
The future of the United States’ military aviation in the near term will be the F-35 Joint Strike Fighter (JSF). The sophisticated jet aircraft will perform fighter and attack missions for the Air Force, Navy and Marine Corps as well as a number of NATO and other U.S. allies across the globe. Lockheed Martin has also been marketing it to other countries looking to upgrade their air...
India has embarked on a major technical upgrade to their armed forces by buying overseas, especially new Western equipment. Unfortunately there have been corruption issues that have delayed execution and award of various contracts. With some of them continued technical problems have also caused delays to delivery of new weapon systems. One of the major upgrades planned is to buy new attack...
The layoff of fifty people for a company that employs over one hundred thousand people doesn’t sound like much but it continues to indicate that the defense business may be entering a slump. Lockheed Martin had already warned that due to the restructuring of the budget and the changes in priorities with the new Obama administration that 2010 could be a down year. The layoffs were...
The United States and its allies have been assisting Afghanistan and Iraq in establishing their new national armed forces. This has included training, equipment and support through direct military involvement as well as contractors. The Iraqi government has slowly been spending its money to buy new equipment. Much of this has been Western rather then the traditional Soviet equipment that...
As part of their conference call where Boeing revealed that they had lost over $1.5 billion in the third quarter of this year the CEO, Jim McNerney, discussed establishing a new production line for civil aircraft in South Carolina as an expansion of their existing facilities. The impetus for this seems to be based on McNerney’s comments is worries that disputes with the unionized work...
The privately held company Viasystems announced that they had made a deal to merge with Merix this month. Both of the companies make printed circuit boards for a variety of applications. Viasystems is currently privately held but after the merger the new company will be public. The two companies while manufacturing the same basic product have focused on different markets and capabilities....
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BNET Government provides daily industry trends and global news coverage with insights for managers and executives within the world wide business of government contracting. We analyze new and interesting contract awards, government policy changes, and the trends in procurements and spending. There will also be discussions of the sector with a focus on small and innovative companies and business lines. The world's governments spend billions each year on a variety of hardware and services and the site will discuss how the money is being allocated.