Rapid Fire Oct. 25, 2012: Euronaval 2012

Rapid Fire Oct. 25, 2012: Euronaval 2012

* The Euronaval tradeshow is taking place this week in Paris, France. They publish a daily bilingual wrap-up, here is yesterday’s [PDF]. * Lockheed Martin’s Q3 2012 sales decreased by 2% Y/Y to $11.87B, a smaller decrease than reported by Northrop Grumman...
Rapid Fire Oct. 25, 2012: Euronaval 2012

Rapid Fire Oct. 24, 2012: Primes Continue to Lose Ground in Q3

* When President Obama said sequestration “will not happen” during the last pre-election debate, it seems he meant “should not happen.” * The US Navy continues to play a significant role [PDF] in the economy of the Hampton Roads area in...
Rapid Fire Oct. 25, 2012: Euronaval 2012

Rapid Fire Oct. 19, 2012: International Politics Beat Merger Attempts

* Hawker Beechcraft announced that it will not be acquired by Superior Aviation Beijing, an option they had been pursuing since July. Instead they will try to go through bankruptcy as a standalone business. CEO Steve Miller understated that “global politics may...
Rapid Fire Oct. 25, 2012: Euronaval 2012

Rapid Fire Oct. 17, 2012: Russia Aims for Higher Budgets

* Russia plans to significantly increase its defense budget, says Duma’s Defense Committee chairman Vladimir Komoedov. They are aiming for $97B or 3.7% of GDP by 2015. Possibly, if oil prices then are still high enough to support it. * The US House Armed...