Rapid Fire April 26, 2012: Prime Financials, Q1 2012

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* Q1 results are in for L-3 Communications, Lockheed Martin and Raytheon. They are all showing more topline resilience than Northrop Grumman. Quick summary table of their sales and backlog at the bottom of this entry. * Lockheed Martin’s CEO Bob Stevens will retire and be replaced by current President and COO Christopher Kubasik effective January 1, 2013. Kubasik is an alumnus from the Defense Acquisition University. * US Secretary of Defense Leon Panetta leaned on Brazil in support of Boeing’s F/A-18s for the ongoing F-X2 competition. Panetta discussed technology transfers with his counterpart Celso Amorim. Dassault is working the local cooperation angle too [in French]. * Defense contractors are not the only industry lobbying against sequestration: groups batting for hospitals or subsidized housing are in it too. * GD NASSCO has delivered the T-AKE 13 supply ship to US Military Sealift Command, where it becomes USNS Medgar Evers after the slain civil rights leader. * US Army Contracting Command – Warren has changed how they make technical data packages available. The new method is less convenient but more accurate, by their own admission. * The Air Force Research Institute published Airpower for Strategic Effect [PDF] by Colin s. Gray, […]

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