Thales supports the Irish Defence Forces, providing more than 6,000 Software Defined Radio

On the same subject

• 

  January 27, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

  Lockheed adds Dunford, former top US military officer, to board

  By: Aaron Mehta WASHINGTON — Lockheed Martin has added Joe Dunford, the former chairman of the Joint Chiefs of Staff, to its board of directors, the company announced Friday. Dunford, the Marine general who retired out of service at the end of September 2019, will become the 12th member of Lockheed's board come Feb. 10 of this year. He will serve on the board's Classified Business and Security Committee as well as its Nominating and Corporate Governance Committee. "General Dunford's service to the nation at the highest levels of military leadership will bring valuable insight to our board," Marillyn Hewson, chairman, president and CEO of Lockheed Martin, said in a statement. "His experience in complex, global operations and risk management, including cybersecurity threats, is a tremendous asset and will enhance board oversight in key business areas." Lockheed Martin is the world's largest defense contractor, with $50.5 billion in defense revenue in fiscal 2018. The announcement may spur renewed calls by good government groups to close the so-called “revolving door” between the Pentagon and the defense industry, an issue that has taken on new life given the number of industry executives who have joined the defense department under President Donald Trump. That list is most prominently headlined by Secretary of Defense Mark Esper, a former Raytheon executive, and Pat Shanahan, a Boeing executive who was confirmed as deputy secretary of defense and then served six months as the acting secretary to start 2019 before departing the building. Sen. Elizabeth Warren, a top nominee for the Democratic nomination for president, has called for a ban on defense primes hiring senior Pentagon officials and officers for four years after they leave retire. https://www.defensenews.com/industry/2020/01/25/lockheed-adds-dunford-former-top-us-military-officer-to-board

• 

  June 29, 2020 | International, Aerospace

  Lockheed paid suppliers $1.1 billion, added 8,300 jobs since pandemic

  By: Joe Gould WASHINGTON ― Lockheed Martin has sent $1.1 billion in accelerated payment to support its network of suppliers amid the COVID-19 pandemic, the company announced Friday. The defense contracting giant has also hired 8,300 employees since the crisis began in March, with plans to hire 3,200 more before the end of the year. The hires mark a contrast with the rest of the U.S. economy, which saw the unemployment rate hit 13 percent this month and began a recession in February. “In this volatile environment, it is more important than ever before to maintain the operations of the defense industrial base and support our men and women in uniform,” Lockheed's new president and CEO, Jim Taiclet, said in a statement. Ever since the Pentagon announced it would speed progress payments to its suppliers to keep cash flowing in the defense-industrial base, it says it has made $3 billion in contract obligations. The Pentagon is working to support smaller firms in particular. Lockheed Martin said Friday it has “flowed all of the accelerated payments it has received from the Department of Defense to its supply chain, giving priority to small and vulnerable suppliers, as we continue our efforts to mitigate COVID-19 risks and promote a healthy Defense Industrial Base.” This wasn't the only good news for the sector this week. Ellen Lord, the undersecretary of defense for acquisition and sustainment, said at a Monday news conference that nearly all of the defense firms closed by the pandemic have reopened. “We see an enormous amount of recovery in the defense-industrial base. It depends on location and what type of work is being performed, but there is enormous progress coming back,” Lord said. “Obviously for manufacturing we need people on the line, so we're doing things differently in terms of following [the Centers for Disease Control and Prevention's] guidelines and so forth.” Still, the Pentagon expects to see “inefficiencies” across most programs as well as cost growth. “COVID-19 is shutting down defense manufacturing facilities and production lines, disrupting supply chains, and distressing the financial stability of the companies DoD relies on to protect the nation,” Lord said. Due to the effects of the pandemic, Lockheed said it would slow F-35 production, leaving it anywhere from 18 to 24 jets short of the 141 scheduled for delivery this year. https://www.defensenews.com/2020/06/26/lockheed-paid-suppliers-11b-added-8300-jobs-since-covid-19-hit/

• 

  June 13, 2024 | International, Security

  Why SaaS Security is Suddenly Hot: Racing to Defend and Comply

  Are your third-party SaaS risks under control? Discover the four-step process to secure your SaaS ecosystem.