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BAE | Budgets | Corporate Financials | India | Issues - International | Mergers & Acquisitions | Middle East - Other | Missiles - Surface-Air | Policy - Procurement | Russia | Trucks & Transport | USA

Rapid Fire 2010-02-19: BAE 2009 Losses

UH-60L Blackhawk helicopte
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* BAE Systems posts $105 million net loss for 2009 as a result of regulatory penalties, lost US DoD business. * Were fire support restrictions responsible for the USMC/ANA casualties at Ganjal? NY Times says yes. Official report says the officers who thought so may have been incorrect. * US DoD’s top weapons buyer says that the pace of cutting costly weapons programs should slow. * BAE wins order for 400 AN/PAS-13C thermal sights to equip Australia’s Carl Gustaf M3 panzerfausts. * USA releases “VXX” Presidential Helicopter RFI to replace existing VH-3/60s, canceled VH-71 program. * Bangladesh orders 2 AW109 Power helicopters for naval duties. * Three Indian vehicle manufacturers vie for Indian Army’s mine protected vehicle procurement. * Babcock says it will not launch hostile bid after British defense firm VT Group rejects takeover offer. Bloomberg reports otherwise. * Ranking House Armed Services Seapower subcommittee Rep. Todd Akin [R-MO] wants increased numbers, renewal of multi-year buy approach for the F/A-18E/F and EA-18G. * 2nd operational EA-18G electronic warfare fighter squadron “safe to fly.” * USAF STRATCOM lifts ban on thumb drives. * US Coast Guard doesn’t have enough National Security Cutters to meet demand. * Russia is delaying delivery […]

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