30 juillet 2020 | International, Aérospatial
By: Valerie Insinna
WASHINGTON — Boeing must pay another $151 million out of its own pocket for the KC-46 program, but this time the charge isn't associated with technical problems that have plagued the tanker's development.
While Boeing announced its second-quarter earnings Wednesday, it said the KC-46 charge was “primarily driven by additional fixed-cost allocation resulting from lower commercial airplane production volume due to COVID-19.”
In short, because Boeing's commercial plane production has slowed down, it's costing more to produce the KC-46, a derivative of the Boeing 767 airliner that is manufactured on the 767 production line in Everett, Washington, and converted into a military tanker.
Greg Smith, Boeing's chief financial officer, said with the ramp down of production on some commercial airliners, certain fixed costs have been transferred to other programs.
“That's essentially what took place with tanker,” he told reporters during a media roundtable. “It was notable on tanker because of the margin that we're booking on, and therefore turned it into a reach-forward loss. There was impact on some of the other [commercial derivative] programs, but it was not really material at all.”
Boeing is locked into paying any costs associated with the KC-46 that exceed the $4.9 billion firm fixed-price ceiling on its 2011 contract with the U.S. Air Force.
The latest charge means Boeing will have spent more than $4.7 billion in company funds on the KC-46 program — almost equivalent to the Air Force's own investment in the program.
But Smith pointed to the lack of performance-related losses for the KC-46 this quarter as a sign that the program is progressing. “We've still got a lot of work to do, but [we're] making good progress,” he said.
Despite the tanker charge, Boeing's earnings for its defense and space sector were a bright spot for the company, which continues to grapple with financial distress caused by the coronavirus pandemic's impact on the travel industry and the ongoing grounding of the 737 Max.
Boeing Defense, Space & Security logged $7 billion in new orders this quarter, including an award for three additional MQ-25 tanker drones for the U.S. Navy and 24 AH-64E Apache helicopters for Morocco.
During a call with investors, Boeing CEO Dave Calhoun said the defense market remains healthy and that recent contracts “underscore the strength of our offerings.”
3 avril 2023 | International, Autre défense
"For the first time in the recent past US and allied policymakers and industry appear truly aligned on the need to look beyond established domestic supply chains to cross-border sourcing and collaboration," writes Aleksandar Jovovic of Oliver Wyman.
11 juin 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
By: Usman Ansari ISLAMABAD — The Pakistani government's restrictions on the defense industry are stifling potential and must go, according to the president of the trade body Pakistan Aerospace Council. PAeC is a collective of aerospace, defense and high-tech electronics enterprises that aims to internationally raise the profile of Pakistani industry. Its leader, Haroon Qureshi, heads the defense engineering and electronics company East West Infiniti. In a June 3 post on the PAeC website, Qureshi said Pakistan's private, high-tech manufacturers have the potential to help establish a more ambitious local aviation industry by acting as suppliers to and manufacturers of components and systems used by Western counterparts. However, this is hampered by government restrictions that demand permission prior to even design work. Without these restrictions, Qureshi believes the private sector could “leap-frog, especially with electronics of the future.” Citing the success of private space companies in the United States, Qureshi said if the Pakistani government frees the high-tech private sector to “innovate and do what the private industry thinks is feasible and viable,” those businesses would not use public funds and probably generate income for the government through taxes. In response to PAeC's comments, the Ministry of Defence Production told Defense News the government recognizes and actively promotes the importance of “indigenization and cooperation between the private sector and the defense-related industry.” However, it denied there are stifling constraints on the private sector, saying the market meets both domestic and export demand, but because of “international obligations/treaties, especially the measures taken to counter terrorism, certain limitations have to be observed.” Nevertheless, the ministry added, “measures are under deliberation to further facilitate the private sector in forthcoming defense production policy,” including the creation of a unit for so-called one-window operations — an approach meant to shorten the lengthy bureaucratic process. It also cited recent supplier and vendors exhibitions as well as a defense production seminar to promote cooperation among private businesses. The government is also preparing a “Defence Offset Policy" to encourage the private sector to absorb the “latest defense and dual-purpose technologies,” the ministry said. But author, analyst and former Australian defense attache to Islamabad Brian Cloughley said Qureshi's concern has existed for years, and the government's regulations are driven by security fears. “Whenever private industry wants to get involved in any aspect of defense production, the security people and bureaucrats in the defense system roll out objections, based mainly on the possibility of leakage of technical information and thus jeopardy of ‘national security,' ” he said. “It's been a real headache, and I continue to be surprised that the private sector has continued its efforts for so long.” Despite the government's efforts, Shehzad Ahmed Mir, managing director of the private defense company Bow Systems, remains unconvinced. “While MoDP lives in a self-pleasing, make-believe cocoon devoid of market realities, similar companies created much later in the West are literally thriving financially and technologically today simply because their respective governments gave them subsidies, export incentives, financial support, etc., compared to our government that drowns their ambitions in [no objection certificates], taxation whirlpools, bureaucratic hurdles, etc.,” he said. “So by the time — and if at all — MoDP comes out with any good news for the private sector, there won't be anyone credible around to jubilate on it.” https://www.defensenews.com/global/asia-pacific/2020/06/10/pakistans-private-industry-clashes-with-government-over-regulations/
6 octobre 2021 | International, C4ISR, Sécurité
Paladin AI is channeling the power of machine learning to make pilot training less expensive and more effective.