December 4, 2024 | International, Land
New Army-funded tech creates realistic terrain, avatars in simulations
The same institute created Oscar-winning facial scanning tech for major Hollywood films like "Blade Runner 2049" and "Avatar."
July 22, 2020 | International, Aerospace
Lockheed Martin May Go Shopping if Defense Budgets Fall Next Year
July 21, 2020 | By John A. Tirpak
If defense spending goes down in the coming year—expected because of large COVID-19 bailout packages—it could be an opportunity for Lockheed Martin, company President and Chief Executive Officer James D. Taiclet said July 21.
In a second-quarter results call with investors and financial reporters, Taiclet—in his first such call after succeeding Marillyn A. Hewson in the job—said the company isn't betting on defense budgets to go up or down. But Lockheed is sitting on so much cash—nearly $8 billion—it could go shopping for other companies in distress if budgets fall, he said.
“If there is a downturn, we're going to look for silver linings that may be there,” Taiclet said. Given the company's strong backlog and balance sheet, “there could be opportunities for us to act in a period where asset prices are depressed, for things we may want to bring into the company.” Acquisition targets “we really wanted ... might be even more available at attractive prices.” He did not discuss large possible acquisition interests, and only broadly mentioned looking at small companies able to build Lockheed's vertical integration in some technology areas.
Taiclet declined to speculate on whether budgets will rise or fall. “We're just getting the company ready for either scenario, frankly,” he said. “If it's stable or slightly rising, ... we know how to handle that. But if it's declining, we're planning for that, too.”
In case of a downturn, he's asked business area managers to do “a ‘Red Team' kind of exercise ... We would offer our customers ... ‘this is what we think you should do with our products and programs for extending'” the life of existing platforms.
With a $150 billion backlog in hand, though—a new company “high water mark,” Taiclet said—“it's going to be two to three years” before any defense budget cuts “actually go into the defense industrial base production lines, so we have time to work with the customer ... They can have their contingency plan and we're behind them 100 percent.”
Taiclet said international customers may also see budget declines, but doesn't expect Lockheed to be hit hard by that. While some requests for proposals are “moving to the right,” the planned in-service dates of prospective customers are not, he noted.
Taiclet and Kenneth R. Possenriede, vice president and chief financial officer, said the company expects 90 total new F-16 orders from Taiwan and another country; C-130s for Indonesia; Aegis systems for Japan; and MH-60R helicopters for India, as well as increasing orders for missile defense systems.
They also said the chief competitors to the U.S. are spending lavishly on defense systems and the threat is not diminishing, despite COVID. China is “aggressive and ... aspirational,” Taiclet said, while Russia is “back in the game,” making strategic investments in long-range systems to make up for its diminished ground forces.
Production of the F-35, Lockheed's marquee aeronautics program, will likely be 40 percent for foreign users in the coming years, Possenriede said. Of the aeronautics division's $9 billion in orders, $7 billion is accounted for by the F-35, with a backlog of 411 airplanes.
Taiclet noted that Lockhed has hired 9,000 new employees since the COVID-19 pandemic began, and is seeking to hire 3,000 more in this calendar year.
https://www.airforcemag.com/lockheed-martin-may-go-shopping-if-defense-budgets-fall-next-year
On the same subject
-
-
May 1, 2020 | International, Land
KBR Wins $64M Recompete to Expand DoD Testing and Training Capabilities for U.S. Warfighter
Houston – April 27, 2020 – KBR (NYSE: KBR) has received a $63.9 million task order from the Department of Defense (DoD) Test Resource Management Center (TRMC) to develop interoperability solutions to expand the U.S. military's testing and training capabilities. KBR will utilize its vast test and evaluation (T&E) expertise to assess and address the unique requirements necessary to incorporate additional test range sites into the DoD's T&E infrastructure. This will streamline and enhance the integration of test and training capabilities for DoD weapons systems. KBR's work will result in developed hardware and software solutions that address the military's T&E needs. KBR will help DoD improve range interoperability and effective reuse of resources resulting in increased capability while reducing development, operation and maintenance costs for test ranges. The company's efforts will also further the important partnership between the Test and Training Enabling Architecture Software Development Activity (TENA-SDA) and Joint Mission Environment Test Capability (JMETC) to expand connectivity and develop enhanced capabilities for test and training facilities. “KBR is proud of our nearly two decades of TENA support, promoting range interoperability and flexibility for the U.S. military,” said Byron Bright, KBR President, Government Solutions U.S. “KBR will continue to use its expertise to develop innovative solutions to fortify and grow the DoD's T&E capabilities.” KBR was awarded this task order under the cost-plus-fixed/firm-fixed fee One Acquisition Solution for Integrated Services (OASIS) contract which KBR won a seat on in 2014. This is a one-year task order with four option periods. KBR ensures mission success for customers on land, at sea, in the air, and in space and cyberspace. It has operational and developmental T&E processes designed for corporate, government and military organizations. KBR holds extensive experience evaluating complex systems and technologies ranging from combat vehicles and high-performance aircraft to weapons systems and orbital launch platforms. KBR is engineering solutions for the needs of today and tomorrow, safely and efficiently. About KBR, Inc. KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses: Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics Technology Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics Energy Solutions, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit www.kbr.com Forward Looking Statement The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company. KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason. For further information, please contact: Investors Alison Vasquez Vice President, Investor Relations 713-753-5082 Investors@kbr.com Media Philip Ivy Vice President, Global Communications and Marketing 713-753-3800 MediaRelations@kbr.com View source version on KBR, Inc.: https://www.kbr.com/en/insights-events/press-release/kbr-wins-64m-recompete-expand-dod-testing-and-training-capabilities
-
February 6, 2019 | International, Aerospace
GKN Fokker and LM Aeronautics Collaborating on Future F-35 Long Term Agreement
Manufacturing of the Flaperons, Inflight Opening Doors (IFOD), and Electrical Wiring and Interconnection Systems (EWIS) for the F-35 Follow-on agreement will cover a five year extension up to 2024 Continuous employment for approximately 600 employees At the roll-out event of the first operational Dutch F-35 in Fort Worth, Texas USA both GKN Fokker and Lockheed Martin Aeronautics confirmed via a protocol document the continuation of GKN Fokker's efforts on F-35 Lightning II Joint Strike Fighter specific to the manufacturing of Flaperons, Inflight Opening Doors (IFOD), Arresting Gear, and Electrical Wiring and Interconnection Systems (EWIS) content. Production will take place at GKN Fokker's sites in The Netherlands and Turkey with delivery taking place over the next five years. The protocol document was signed by Lockheed Martin's Vice President of F-35 Supply Chain Management, Drew Ruiz and by GKN Fokker's CEO John Pritchard. State Secretary of Economic Affairs Mona Keijzer, Royal Netherlands Air Force Commander-in-Chief, Lt. Gen. Dennis Luyt, and the Netherlands' Special Envoy for industrial participation, Maxime Verhagen all attended the ceremony. GKN Fokker has been a valued supplier on the F-35 program since 2002 and has produced and delivered the flaperons, inflight opening doors (IFOD), arresting gear, and designed and produced the electrical wiring interconnection system (EWIS) for all F-35 aircraft that are currently flying and in production. Source: GKN Aerospace http://www.asdnews.com/news/defense/2019/02/01/gkn-fokker-lm-aeronautics-collaborating-future-f35-long-term-agreement