Rapid Fire 2012-01-26: 2011 Results Start to Come in for Primes
- Full 2011 financial results: Textron saw growth at Bell, revenue decrease at Textron Systems. At $7.3B, Bell’s backlog has recovered from a reporting error announced by the company last quarter.
- Meanwhile General Dynamics generated $32.7B of revenue last year. It has potentially almost 3 years worth of revenue in backlog depending on how its indefinite quantity contracts pan out. Aerospace revenue grew but combat, marine and IT systems lost ground, translating into an almost flat topline for the prime contractor.
- Raytheon wrapped up 2011 with slightly lower revenue ($24.9B) but higher bookings ($25.2B) than the previous year. Its backlog rose by $700M to $35.3B though most of that growth is not appropriated yet.
- The RAND Arroyo Center is rather bullish on the potential for UAV logistics applications such as convoy overwatch and other surveillance tasks, but reminds decision makers that bandwidth is going to be critical. Note: the study doesn’t cover the use of UAS for Army resupply, separate research that General Dynamics was tasked with.
- According to the Guardian the British government is considering selling its RAF Norholt to possibly be converted into a satellite of the nearby Heathrow airport. Philip Hammond was Secretary of State for Transport before he replaced Liam Fox last October.
- The Stockholm International Peace Research Institute (SIPRI) notes that defense budgets in Latin America have been growing faster than institutional transparency on policy, let alone on spending.
- BAE Systems and Caterpillar Inc. have signed a 20-year supply agreement to integrate the Cat CX family of transmissions into its HybriDrive parallel propulsion system, and use it to outfit and retrofit heavy trucks. It’s a civilian deal – but the same technologies can be used on military armored vehicles, and the civilian sector is pioneering this technology.
- The German Bundeswehr has a video covering the Boxer MRAV wheeled 8×8 APC’s 1st combat deployment to Afghanistan.
- The US Army is concerned about Facebook use. Yes, it can endanger lives, they say. People in the security community need to use it responsibly, and they have some tips.