General Dynamics Announces Senior Leadership Changes
General Dynamics Announces Senior Leadership ChangesMarch 4, 2010 4:18:31 PM
FALLS CHURCH, Va., -- General Dynamics (NYSE: GD) announced today that Charles M. Hall, executive vice president and group executive of the company's Combat Systems group, will retire on May 1. Hall has been executive vice president since 2005, before which he was president of the company's General Dynamics Land Systems subsidiary. He will be succeeded by David K. Heebner, executive vice president and group executive of the company's Marine Systems group. Phebe N. Novakovic, senior vice president - planning and development, will succeed Heebner as executive vice president and group executive of the company's Marine Systems group.
No successor has been named for Novakovic. Heebner and Novakovic will continue to report to Jay L. Johnson, president and chief executive officer. The appointments are effective May 1, 2010. In announcing the changes, Johnson said, "Charlie Hall has been a visionary leader of the Combat Systems group for the past five years, and a dynamic player in the combat-vehicle business for nearly four decades. He has been instrumental in continually pushing to deliver new technologies to the U.S. military, and in creating product offerings for customers of our U.S. and foreign combat-systems businesses alike. Charlie's professionalism and dedication have made a tremendous difference for General Dynamics. He will be missed."
The company also announced that John W. Schwartz, who has been a vice president and the company's controller since 1998, will retire on April 1. He will be succeeded by Jason W. Aiken, who has been staff vice president of accounting since July 2006. The General Dynamics board of directors, at its March 3 meeting, elected Aiken and Ernest J. Babcock, deputy general counsel, to be vice presidents of the corporation.
Johnson added, "John Schwartz, as the company's chief accounting officer for the past 12 years, has played a substantial role in the transformation of General Dynamics into the global market leader that it is today. His counsel and dedication have been noteworthy and are greatly appreciated."
Charles M. Hall has been executive vice president of General Dynamics' Combat Systems group since 2005. Previously he was president of General Dynamics Land Systems, beginning in Sept. 1999. He had been vice president - production and delivery, where he was responsible for the performance of all of the company's production facilities. Hall joined Chrysler Corp.'s defense business in 1973 and served in a variety of increasingly responsible production- and manufacturing-management positions before becoming a vice president. General Dynamics acquired the Chrysler unit in 1984.
David K. Heebner became executive vice president and group executive for Marine Systems in Oct. 2008. He was president of General Dynamics Land Systems from July 2005 until 2008. Previously he had been senior vice president - planning and development, since March 2002, and vice president - strategic planning since joining the company in January 2000. Prior to joining General Dynamics, Heebner served 33 years in the U.S. Army, retiring at the rank of Lieutenant General.
Phebe N. Novakovic has been senior vice president - planning and development since May 2005. She joined General Dynamics in May 2001 as director of strategic planning and development, was named staff vice president - strategic planning in May 2002, and was elected to be a vice president of the corporation in Oct. 2002. Previously Novakovic was special assistant to the Secretary and Deputy Secretary of Defense, and had been a deputy associate director of the Office of Management and Budget.
John W. Schwartz became vice president and controller of General Dynamics in March 1998. He had been staff vice president and controller since November 1994. Schwartz joined the company in July 1992, as director of accounting. Prior to joining General Dynamics, Schwartz had served in various financial management positions with Ernst & Young, Crown Central Petroleum Corp., and MNC Financial Inc.
Jason W. Aiken, a CPA in the Commonwealth of Virginia, joined General Dynamics in June 2002 as a director of consolidation accounting. Prior to joining General Dynamics, Aiken was an audit manager with Arthur Andersen LLP in Washington, D.C., where he provided audit and consulting services for a variety of defense contractors, including General Dynamics.
Ernest J. Babcock has been deputy general counsel for General Dynamics since December 2009. Previously he was vice president and general counsel at General Dynamics Land Systems in Sterling Heights, Mich., from July 2002. He joined General Dynamics in 2000 as vice president and general counsel of the company's Bath Iron Works subsidiary in Bath, Maine, following 27 years of private practice in which he represented clients on litigation, civil and commercial matters.
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U.S. Army Buys More Styker Support From General Dynamics
Filed under: Business Line, Canada, Companies, Contract Awards, Countries, Events, General Dynamics, Services, U.S. Army, logistics, production program
The Stryker Interim Combat Vehicle is a wheeled, armored system that was bought to fill in the gap from the transition to the Future Combat System (FCS) from the heavy combat team of the 1980’s based around the M1 and M2. FCS has now been canceled due to its being over cost and behind schedule. The Army is starting a new program to build on the remnants of FCS and find a new vehicle. The Stryker has seen good service in Iraq and Afghanistan. It is made by General Dynamics (GD) and is based on a Swiss system developed for the Canadian military.
The U.S. Army announced yesterday that they had awarded GD a contract for logistics support for the system. Mainly to be carried out at the Anniston Army Depot in Anniston, AL the contract has a value of over $250 million. Under the contract General Dynamics will include parts ordering, storage and distribution as wellas maintenance services.
Stryker Support For General Dynamics
Filed under: Business Line, Companies, Contract Awards, Events, General Dynamics, Services, U.S. Army, logistics, production program
The Styker Interim Combat Vehicle is a wheeled armored vehicle used by the U.S. Army. It originally was supposed to fill in as the Future Combat System (FCS) vehicles were developed and entered service. The FCS has been canceled but the Stryker soldiers on in Iraq and Afghanistan. It trades armor for speed and maneuverability although they have proven robust in Iraq. Various payloads and weapon packages can be integrated onto the Stryker which is manufactured by General Dynamics (GD) based on a vehicle originally purchased for use by the Canadian military.
It was announced yesterday that GD was awarded contracts to provide armor kits and maintenance and repair for Strykers. The contracts have a value of over $100 million. The Stryker originally was serviced through Contractor Logistics Support (CLS) but the Army has done some transition to organic support as the Stryker has faced combat. This is fairly standard for the manufacturer to provide depot and higher level repair for U.S. military systems. Since the FCS is transitioning to the Brigade Combat Team Modernization program it will probably mean longer use of the Stryker and perhaps more investment in them as the U.S. Army moves away from the heavy armor force of M1 and M2 vehicles.
First Oshkosh M-ATVs on the Ground in Afghanistan Protecting Warfighters — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
First Oshkosh M-ATVs on the Ground in Afghanistan Protecting Warfighters
OSHKOSH, Wis. — Oct. 5, 2009 — Oshkosh Corporation (NYSE:OSK) announced today that the first MRAP All Terrain Vehicles (M-ATV) are on the ground and in theater in Afghanistan. The vehicle’s delivery comes just three months after Oshkosh was awarded the M-ATV contract.
Oshkosh designed the combat vehicle based on a battle-proven platform, incorporating superior survivability and suspension technology to provide the protection and mobility needed for missions in the mountainous terrain in Afghanistan. Having so far received awards valued at $2.3 billion for 4,296 M-ATVs, spare parts and support services, Oshkosh has delivered vehicles ahead of the government’s schedule every month and is on its way to ramping up production to 1,000 vehicles per month by this December.
“Protecting our Warfighters is the number one priority at Oshkosh, and the delivery of the M-ATVs earlier than initial estimates is a testament to our employees’ dedication to meeting our customer’s needs,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “The rapid rate at which we are producing these vehicles is the result of a companywide commitment to answer the urgent need of our men and women in Afghanistan.”
The Oshkosh® M-ATV is based on the Medium Tactical Vehicle Replacement (MTVR) platform and uses the advanced Oshkosh TAK-4® independent suspension system to give the vehicle a 70 percent off-road profile capability for exceptional operation on Afghanistan’s rugged cross-country terrain and unimproved roads. The TAK-4 system also is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan and is featured on more than 10,000 MTVRs. The system is also used on the Army’s next-generation Palletized Load System (PLS) and the Marine Corps’ Logistics Vehicle System Replacement (LVSR).
Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh MTVR Armored Cabs already in theater.
Oshkosh Defense is the leading manufacturer of both medium and heavy tactical wheeled vehicles in the U.S. defense industry. More than 67,000 military-class vehicles have been produced in the company’s manufacturing facilities.
About Oshkosh Defense
Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit www.oshkoshdefense.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI™, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the consequences of financial leverage associated with the JLG acquisition, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures and the uncertainty of government contracts; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; risks related to the collectibility of receivables during a recession, particularly for those businesses with exposure to construction markets; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Photo Courtesy of Oshkosh Defense.
Boeing Laser Avenger Shoots Down Unmanned Aerial Vehicle in Tests – Press Release
Filed under: Boeing, Business Line, Press Releases, Services, U.S. Army, development program, missile defense
Boeing Laser Avenger Shoots Down Unmanned Aerial Vehicle in Tests
Jan. 26, 2009 — The Boeing Company [NYSE: BA] has successfully
demonstrated that a laser system mounted on an Avenger combat vehicle
can shoot down a small unmanned aerial vehicle (UAV) like those that
increasingly threaten U.S. troops deployed in war zones.
During tests last month at White Sands Missile Range, N.M., Laser
Avenger achieved its principal test objectives by using its advanced
targeting system to acquire and track three small UAVs flying against a
complex background of mountains and desert. The laser system also shot
down one of the UAVs from an operationally relevant range. These tests
mark the first time a combat vehicle has used a laser to shoot down a
UAV.
Representatives of the U.S. Army’s Cruise Missile Defense Systems
project office observed the tests.
“Small UAVs armed with explosives or equipped with surveillance sensors
are a growing threat on the battlefield,” said Gary Fitzmire, vice
president and program director of Boeing Directed Energy Systems. “Laser
Avenger, unlike a conventional weapon, can fire its laser beam without
creating missile exhaust or gun flashes that would reveal its position.
As a result, Laser Avenger can neutralize these UAV threats while
keeping our troops safe.”
The tests follow a 2007 demonstration in which an earlier version of
Laser Avenger neutralized improvised explosive devices (IEDs) and
unexploded ordnance (UXO) on the ground.
“We doubled the laser power; added sophisticated acquisition, tracking
and pointing capability; and simplified and ruggedized the design,” said
Lee Gutheinz, Boeing program director for High-Energy
Laser/Electro-Optical Systems. “Boeing developed and integrated these
upgrades in less than a year, underscoring our ability to rapidly
respond to warfighters’ needs.”
Laser Avenger integrates a directed energy weapon together with the
kinetic weapons on the proven Avenger air defense system developed by
Boeing Combat Systems in Huntsville, Ala. It is a Boeing-funded
initiative to demonstrate that directed energy weapons are maturing and
are relevant to today’s battlefield.
Boeing leads the way in developing laser systems for a variety of U.S.
Air Force and Army warfighter applications. These systems include the
Airborne Laser, the Advanced Tactical Laser, the High Energy Laser
Technology Demonstrator and the Tactical Relay Mirror System.
A unit of The Boeing Company, Boeing Integrated Defense Systems
is one of the world’s largest space and defense
businesses specializing in innovative and capabilities-driven customer
solutions, and the world’s largest and most versatile manufacturer of
military aircraft. Headquartered in St. Louis, Boeing Integrated Defense
Systems is a $32.1 billion business with 71,000 employees worldwide.
Contact Info:
Marc Selinger
Boeing Missile Defense Systems
(703) 414-6138
marc.selinger@boeing.com
Chuck Cadena
Boeing Missile Defense Systems
(703) 872-4503
chuck.cadena@boeing.com
First Oshkosh M-ATVs on the Ground in Afghanistan Protecting Warfighters
Filed under: Syndicated Industry News
Gore and Milliken Partner on a New Chemical/Biological Protective Coverall for Combat Vehicle Crewman
Filed under: Syndicated Industry News
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