Rapid Fire 2010-09-09: Boeing Redundancies

• Acquiring Minds: Boeing, Lockheed Martin target acquisitions in cybersecurity, ISR, and UAV sectors.

• White Collar Cuts: Meanwhile, Boeing is cutting 10% of the executive positions at its military aircraft business as part of a restructuring effort; an additional 400 job cuts are expected.

• In Reverse?: Navistar posts a fiscal third-quarter profit but lowered its revenue outlook for the year as military truck orders are deferred to 2011 and commercial truck sales slump.

Navistar’s MXT Makes Breakthrough in Britain

MXT, normal & up-armored

At the end of October 2008, Britain’s Ministry of Defence announced a GBP 700 million program to buy a wide range of survivable vehicles for logistics and support duties in Afghanistan, as well as some specialized functions like mine clearing. On Nov 19/08, the UK MoD announced preferred bidders for the 3 classes of Tactical Support Vehicles (TSVs). A variant of the Cougar MRAP would serve as the heavy Wolfhound TSV, while a 6×6 variant of the Supacat HMT all-terrain patrol vehicle would serve as the Coyote Light TSV for off-road use.

Navistar’s MXT light truck was the preferred bidder in the medium Husky TSV category – and that win may position Navistar for another big win in a subsequent British competition…