Wall Street Journal Says Trans Atlantic Defense Deal Falters

March 14, 2010 by admin · Comment
Filed under: KC-X, KC-X Tanker News, Northrop Grumman Corp. 
The Wall Street Journal has weighed on the KC-X Tanker bid process, in an article entitled “Trans Atlantic Defense Deal Falters.” The article notes:
The decision by Northrop Grumman Corp. and its European partner this week to drop out of a $40 billion competition to build aerial-refueling tankers for the Air Force is the latest example of how trans-Atlantic defense ventures have faltered. Many observers view the size of the tanker deal, and the prominent role played by Northrop partner European Aeronautic Defence & Space Co., as the most significant instance of how trans-Atlantic partnerships can get tripped up. Noorthrop billboard in Alabama in 2008 advertised a future tanker plant, but the company quit the project. “There’s no doubt that this outcome will reinforce the long-held understanding in Europe that the U.S. defense market is highly protected,” said Alex Nicholl, a specialist on European defense companies at the London-based International Institute for Strategic Studies. “This is not the first time that the rules of a U.S. competition have been rewritten to suit the American competitor. No doubt it won’t be the last.”
Read the entire article at theJournal.

Lockheed Martin Names Anne Marie Squeo as Vice President of Communications for Maritime Systems and Sensors

September 14, 2009 by Jeffrey Bradford · Comment
Filed under: Lockheed Martin, Syndicated Industry News 
Lockheed Martin Names Anne Marie Squeo as Vice President of Communications for Maritime Systems and Sensors
September 14, 2009

WASHINGTON -- Lockheed Martin (NYSE: LMT) has appointed Anne Marie Squeo vice president of Communications for its Maritime Systems and Sensors (MS2) business. MS2, based in Washington, D.C., is part of the Electronic Systems business area and has 13,000 employees, primarily based in the U.S, Canada and Australia.

"Anne Marie brings to Lockheed Martin a significant record of achievement in corporate communications, public affairs and journalism, coupled with solid experience in strategic planning, messaging and international operations," said Fred Moosally, president of Lockheed Martin MS2. "Her appointment recognizes the essential role of communications as we continue to grow our core U.S. and international weapon systems and sensor businesses while also building positions in new markets."

Squeo was director of Public Relations for Raytheon Company in Washington, D.C. since 2006. Prior to that, she was an award-winning journalist, initially with Bloomberg News and later at The Wall Street Journal. She received her bachelor's degree in communications from St. John's University and earned her master's degree in magazine journalism from New York University.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

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KC-X Advertisement Makes DoD Unhappy

Northrop Grumman took out an ad this week in the Washington Post supporting its proposal for the KC-X mission. The Wall Street Journal reports that the content of the advertisement made folks over at DoD most unhappy. That is because it quotes an unidentified official as saying the A-330 was $3 Billion cheaper then the B-767 overall. Read more

ARH’s first try is cancelled

After the close of the stock market this evening the Department of Defense announced that they are canceling the Armed Reconnaissance Helicopter (ARH) contract with Bell. The ARH-70 was to be a replacement for the OH-58D Kiowa Warrior aircraft that has been in service for over twenty years. ARH was one of the programs created out of the end of the RAH-66 Comanche program. Bell had run into cost and schedule growth issues with the program, much of it probably due to an overly optimistic US Army estimate on the program. The program had suffered a Nunn-McCurdy cost breach and that required DoD to either certify to Congress on the necessity of the program, or cancel it. Now the Army will start over.

See The Wall Street Journal for more.

Navy buys WMD defenses

The US Navy awarded Gryphon Technologies a contract to develop systems to protect against Weapons of Mass Destruction (WMD). The contract is worth over $35 M and is to provide engineering services and support of defensive equipment for WMD attacks. While the US Navy has designed chemical and nuclear protection into their ships, such as washdown systems designed to remove radioactive fallout and chemical systems, these defensive systems are probably more in support of personnel.

See the press release at Wall Street Journal MarketWatch.com.

US Army continues CROWS production

Kongsberg received further work under the general CROWS contract. The Crew Remotely Operated Weapon System provides a way for soldiers to work sensors and weapons while staying under armor. Kongsberg makes parts of the overall system and this is a continuation of earlier contracts. The overall CROWS contract is worth over $1 B, and this contract has a value of over $200 M.

See The Wall Street Journal’s MarketWatch.com for more.

Marines buy more MRAP vehicles

The USMC awarded Navistar a contract to purchase more of their new, lighter vehicles. The contract is worth about $750 M and will buy 800 or so vehicles. The trend in recent MRAP buys has been to get smaller and less bulky vehicles for service in Iraq and Afghanistan. The Marines especially have cut back on MRAP buys and moved away from the original vehicles.

Navistar makes the MRAP in Mississippi and the press release can be found at The Wall Street Journal’s MarketWatch.com site here.

Arrests in Afghanistan contracting scandal

Two Air Force personnel and three Afghan nationals were arrested over charges that bribes were paid to win contracts for military construction in Afghanistan. Two of the Afghans also resided in the United States. Supposedly a bribe of $30,000 was paid to the US Air Force officials to win a $1 M construction contract in 2004. Another bribe was paid later to win a road contract. Several US military and civilian personnel have been arrested and charged with contract related corruption in Kuwait, Iraq and the United States. With the amount of money going to the efforts in Afghanistan and Iraq there is always a chance for such crime.

There is more at The Wall Street Journal’s MarketWatch.com site.

Army to buy more CH-47 aircraft

The Army awarded Boeing a 5 year contract for CH-47F cargo helicopters. The number procured is 181 with 10 options. There will also likely be some FMS sales from this contract. The CH-47F is the latest variant of the helicopter with sophisticated avionics and improved capabilities. 48 have been built to date. The CH-47F is one of the programs that was birthed from the Comanche termination. The others being the UH-60M, UH-72A and the JCA fixed wing aircraft. The CH-47F is especially effective in Afghanistan due to its high altitude and temperature capabilities.

To see the press release go to the Wall Street Journal’s MarketWatch here.

Story on earmarks illustrates issue

The Wall Street Journal and The Huntsville Times both have stories today on Congressional Earmarks, the Defense budget and corruption. See the stories here and here. The Journal highlights how a Huntsville company, Digital Fusion, received an earmarked contract from a Texas Democrat at around the same time they gave him a large campaign contribution. The Times is following up on a recent case where Federal workers at the Space and Missile Defense Command (SMDC) were taking bribes from contractors for giving contracts to them. In that case the contractors have yet to be named. The Federal investigators as part of their follow-up are looking at companies that received earmarked contracts through SMDC. The first case is not a crime unless you can tie the contribution directly to the contract award which is almost impossible without some kind of documentation. That is what befell Congressman Cunningham from California as they had written evidence linking the two events. SMDC spreads a lot of RDT&E money around each year, much of it earmarked by local Senators and Congressman. All received campaign contributions from contractors and deny any linkage. You be the judge.

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