BAE Systems has moved to develop new offerings and business strategies that are intended to help drive the company amid defense spending cuts, National Journal Daily reported Thursday.
Sara Sorcher writes Tom Arseneault and Dave Herr, respective executive vice presidents for products and services at BAE Systems, said the defense contractor intends to reduce costs, grow exports, develop new technologies and enter commercial markets as sequestration stays in place.
For instance, the company has begun to engineer a fresh cabin electronics system intended to turn airplane windows into opaque instead of using shutters, as well as a centralized seat control, Arseneault told the publication.
He added the company also looks to shift its focus from Iraq and Afghanistan to the Asia-Pacific region, where China and North Korea are perceived to be wielding military power, National Journal Daily reports.
“A lot of ships are going to move West, so we're enhancing our shipyards on the West Coast,” Herr said.
Arseneault added the company will leverage existing electronic warfare capabilities to help government customers counter threats, according to the report.
In addition, Herr said BAE Systems will help small suppliers survive the budget cuts and seek new opportunities, National Journal Daily reports.
“There will be consolidators and those that will be consolidated,” Herr said.
“We'd like to be one of the consolidators,” he added.