Tag Archives: defense spending

Greg Hayes, CEO of Raytheon Technologies, said the company has positioned its product portfolio to target the 2018 National Defense Strategy’s priorities as it anticipates a flat defense budget in the coming fiscal year, the Washington Business Journal reported Thursday.

William “Bill“ Brown, chairman and CEO of L3Harris Technologies and a previous Wash100 awardee, wrote in a commentary published Monday on Defense News that there are several actions the Department of Defense and industry should implement to strengthen the country's defense supply chain and one is ensuring sustained budgets.

Leonardo DRS CEO William Lynn told Government Matters in an interview posted Tuesday that one of the trends he sees in the defense sector is the Pentagon's need for speed. He said the Department of Defense wants industry to deliver faster and companies should understand DoD's priorities to know where to invest and meet the department's requirements.

Brian Schettler, managing director of Boeing's HorizonX Ventures, told Defense News in an interview posted Thursday that getting venture capital funding for defense companies that are focused on hardware is a challenge and one way to help address that reluctance among investors is looking at the “capitalization piece.“

John Johnson, former vice president and general manager of the electronic systems sector at Northrop Grumman, wrote in a commentary published Wednesday on National Defense that the number of lower-tiered defense suppliers has been declining due to defense budget instability associated with the changing political climate.

Boeing CEO Dennis Muilenburg told FOX Business in an interview aired Tuesday that he believes U.S. spending on defense will remain robust amid calls for reduced budget and concerns over increasing federal deficit. “We see the defense budget here in the U.S. being sustained,“ he told Maria Bartiromo of the channel's “Mornings …

Mike Petters, president and CEO of Huntington Ingalls Industries, has said the company has proposals to construct two aircraft carriers, 10 submarines and 10 destroyer ships for the U.S. Navy, USNI News reported Thursday. “This is the most exciting time I've seen in shipbuilding in 30 years,“ Petters said Thursday at the …

A new KippsDeSanto report has found that approximately 75 percent of dealmakers said they expect the number of mergers and acquisitions in the government services sector to climb by at least 5 percent this year. KippsDeSanto said Tuesday it polled 168 strategic buyers and executives from private equity groups who …

Raytheon CEO Thomas Kennedy told CNBC in an interview posted Wednesday he believes that despite trade disputes, foreign countries will continue to procure defense platforms from the U.S. in order to safeguard their citizens' freedom and protect their sovereignty. He noted about European countries' efforts to increase their defense spending …

Bloomberg Government has updated its database and dashboard to help companies gain insight into the Defense Department‘s five-year spending plan for procurement and research and development programs. Kevin Brancato, director of government contracts research at BGOV, wrote in a blog entry posted Friday the Future Years Defense Program dashboard features a …

A Strategy Analytics report predicts global defense spending to hit $2.41 trillion over the next eight years at a compound annual growth rate of 3.7 percent. Strategy Analytics said Monday its report suggests that the Trump administration's push to restore U.S. military leadership has reflected in the White House's proposed budget for …

Romania has announced plans to purchase 36 F-16 fighter aircraft and High Mobility Artillery Rocket Systems by 2022, Defense News reported Thursday. “These acquisitions are in the interest of safeguarding the security needs of Romania, but also to respect the government's commitments in relation to NATO's structures,“ said Adrian Tutuianu, …

BAE Systems CEO Charles Woodburn has said the company will continue to stick to its strategy that works to build up strengths and focuses on “evolution,“ Reuters reported Wednesday. “It’s very much a case of evolution not revolution,“ Woodburn told reporters Wednesday. “It’s a good strategy bolstered by the macro environment …

A new report from Deloitte says that global aerospace and defense revenue increased by 2.4 percent to $674.4 billion during 2016. The 2017 Global A&D Sector Financial Performance Study is based on an analysis of top 100 A&D companies worldwide that recorded more than $500 million in revenues last year, the company said Thursday. …

Jeffrey Rathke, a senior fellow and deputy director at the Center for Strategic and International Studies, has said Italy is on track to meet its commitment to NATO guidelines that call on member governments to spend 2 percent of their gross domestic product on defense, the Washington Business Journal reported Friday. James …