Rapid Fire Feb. 14, 2013: Finmeccanica Under Friendly Fire from Former Italian Premier

Rapid Fire Feb. 14, 2013: Finmeccanica Under Friendly Fire from Former Italian Premier

* In the wake of Giuseppe Orsi’s arrest last Tuesday, Finmeccanica’s board appointed COO/CFO Alessandro Pansa as the company’s CEO. At least until a board meeting coming in April, as the Italian government may want to pump new blood at the head. The...
Rapid Fire Feb. 14, 2013: Finmeccanica Under Friendly Fire from Former Italian Premier

Rapid Fire Feb. 13, 2013: Hagel | SOTU | DID Feedback Loop

* Debate in the full US senate about the nomination of Chuck Hagel as Secretary of Defense should start today, following yesterday’s far from consensual approval (14-11 following party lines) in the Armed Services Committee. In all likelihood Hagel will be...
Rapid Fire Feb. 14, 2013: Finmeccanica Under Friendly Fire from Former Italian Premier

Rapid Fire Feb. 12, 2013: SASC SECDEF Vote

* The US Senate Armed Services Committee will likely vote this afternoon on Chuck Hagel’s nomination as Secretary of Defense. Republican senators denied as an unfounded rumor that they were considering walking out of the committee. * Senate Democrats will...
Rapid Fire Feb. 14, 2013: Finmeccanica Under Friendly Fire from Former Italian Premier

Rapid Fire, Feb. 11, 2013: Contracting Consolidation Options

* The US GAO found that a new requirement to justify $20M+ sole-source contracts awarded under the 8(a) small business program had been poorly implemented by the services during FY2012. In any case the number and value of such contracts dramatically fell since about...
Rapid Fire Feb. 14, 2013: Finmeccanica Under Friendly Fire from Former Italian Premier

Rapid Fire Feb. 8, 2013: BRAC to Make 2014 Comeback

* US Secretary of Defense Leon Panetta said the FY14 President Budget will not be submitted until the end of next month. It will include a 1% military pay raise (i.e. most likely lower than inflation) but is not going to be fully based on the baseline established by...