Rapid Fire 2012-02-16: BAE’s 2011 Results Hurt by US Slide

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* BAE Systems announced its 2011 financial results: sales dropped by 14% to 19.2 billion pounds (about $30B) while the order book shrank by 8% to 36.2 billion pounds ($56.7B). US sales accounted for 47% of the total but the Platforms & Services US division is the one that lost the most ground vs. 2010. […]

* BAE Systems announced its 2011 financial results: sales dropped by 14% to 19.2 billion pounds (about $30B) while the order book shrank by 8% to 36.2 billion pounds ($56.7B). US sales accounted for 47% of the total but the Platforms & Services US division is the one that lost the most ground vs. 2010.

* Indonesia will buy 9 C295 light transport planes from Airbus Military, for an undisclosed sum. They were a partner in designing & building the smaller CN-235 transport, and operate 19, so it’s a compatible acquisition on all fronts.

* The Defense Acquisition University (DAU) overhauled the online resources dedicated to its Life Cycle Logistics Community of Practice (LOG CoP). The new website, available at https://acc.dau.mil/logtools, keeps track of hundreds of documents dedicated to technical management, product support, contracting strategies et. al.

* The Wichita Eagle has the latest on Hawker Beechcraft’s ongoing legal and lobbying efforts to win back the Light Air Support US Air Force contract. Hawker Beechcraft and Sierra Nevada – Embraer’s partner in the US on this program – are having a war of words on whose offering has the best “made in America” credentials. Interesting angle for planes that are meant to be used by the Afghan Air Force… The Air Force issued a temporary stop-work order last month; the next step of the lawsuit filed by Hawker Beechcraft against the USAF is scheduled early next month.

* Spending Matters ponders whether the (private) “delivery partner” model used by the Olympic Delivery Authority could work for the British Ministry of Defence: “Are the public and media ready for a model where the “Delivery Partner” might be paid around £300K a year per person? Where staff earn around something approaching £100K on average? (Probably 2 to 3 times more than the average MOD person currently engaged in this type of work).”

* The House Armed Services Committee (HASC) had its first hearing on the FY 13 DoD budget yesterday. One highlight is contention on the scope of potential cuts in the nuclear arsenal. Chairman McKeon is expecting government to be under continuing resolution from October until January next year, when sequestration is supposed to kick in. Video below:

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