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BAE Unit Eyes Expansion in Int’l Airline Industry; Paul Markwardt Comments

BAE Unit Eyes Expansion in Int'l Airline Industry; Paul Markwardt Comments - top government contractors - best government contracting event

Bae-systems-logo_ExecutiveBiz1BAE Systems business unit intends to bolster its footprint in the commercial and international markets with a short-term goal of a 50 percent sales increase for its automated mechanical products, Defense News reported Tuesday.

Paul McLeary writes BAE's U.S. electronic systems segment aims to support fleet modernization programs in the airline industry as defense spending goes down.

Paul Markwardt, the U.S.-based division's deputy general manager, told Defense News the current objective is for business transactions to expand by 25 percent.

Markwardt also told Defense News demand for electronic warfare could grow between 5 and 8 percent within two years.

BAE has received interest from Middle East-based airlines in the company’s IntelliCabin technology, which works to reduce power consumption of planes while in flight, McLeary reports.

Six percent of the unit's annual profits come from its F-35 contract with Lockheed Martin, according to the report

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