Rapid Fire September 6, 2012: Slowed Sales While Waiting for Export Openings

• LockgropBoetheon? Brett Lambert, deputy assistant secretary for defense industrial base policy, says the Pentagon would have to reconsider its opposition to any further consolidation among primes if sequestration is implemented.

• DoD guidelines may allow UAV exports from the US to up to 66 countries, but they can’t help until ITAR reform is completed, reports Reuters. And that’s not a done deal.

• UAS manufacturer AeroVironment started its new fiscal year with a 5% drop in revenue, down to $58.7M for the quarter. Their funded backlog however rose by $5.2M to $98.4M.