Leonardo focuses on European alliances as it trims DRS stake in US | Reuters

Sur le même sujet

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  21 octobre 2018 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

  CEO Q&A: L3’s Chris Kubasik and Harris’s Bill Brown

  BY MARCUS WEISGERBER Soon after the companies announced plans to form the world's 7th-largest defense firm, the CEOs rang up for a joint interview. On Sunday, just after L3 Technologies and Harris Corp. announced their planned merger next year, I chatted with CEOs Chris Kubasik and Bill Brown about their plans to form L3 Harris Technologies, which would be the world's 7th-largest defense firm. Here are some excerpts. Q. How did this come together? Brown: Chris and I have known each other for a number of years here, and a lot of it started more socially, not from a business perspective. We work in the same space as complimentary businesses, complementary portfolios. Same [main] customer. You know we realized, given where we stack up in the defence hierarchy, this would be a great potential combination. We've been discussing it through the balance of this calendar year. [It] really picked up steam in the summer and were able to bring it forward here towards middle October. Q. Why a merger rather than an acquisition by one partner? Kubasik: Both companies are quite strong, and we're both on an upswing, and we looked at all the different stakeholders from the customers, the shareholders and the employees. And in our relative size and market value, a merger vehicle seems to be the absolute right way to go here. True partnership, as you've probably seen. 50/50 board. Bill and I have our leadership laid out clearly. It's absolutely the right way to do this. We're quite proud that we're able to pull it off. And I think it's the best way to serve all the stakeholders. Q. Bill is going to be CEO until a transition to Chris in a couple of years. How will that work? And what happens to L3's New York office if the headquarters moves to Florida? Brown: The combination in bringing these two great companies together is going to take a lot of work. So Chris and I will partner on this, in leading the company [and] clearly doing a lot of the integration. We're going to chair the integration committee together. I'll have responsibility for the enterprise functions, and Chris will keep an eye on the ball in what we do operationally in the business segments making sure that through to the integration we don't miss a beat in our growth agenda, meeting expectations of customers, delivering on programs. It's going to be a shared partnership in bringing the companies together. Kubasik: On a combined basis, we have several thousand employees in the state of New York, a lot in Rochester, of course Long Island and the surrounding areas. We got to do to what we believe is best for the business. When you look at the Space Coast of Florida, the 7,000 or so employees and infrastructure in the Melbourne area, it's an easy decision. We'll be transitioning from the headquarters from New York and taking the best of the best and moving to Florida. At some point the Manhattan office will either be significantly scaled down or ultimately closed. Q. Will the combined company divest or combine overlapping sectors? Bill Brown: Very high and complimentary portfolios. So we see very, very, very little overlap. Q. L3 has been on an acquisition spree in recent years. Should we expect more, perhaps in the maritime sphere? Kubasik: Job one is going to be the integration for the first couple years, so there will be very, very few, if any, acquisitions the first couple of years. They would have to be a once-in-a-lifetime opportunity. We're going to focus first and foremost on integrating this company. Once we get this integrated, which is a three-year program, we'll update and modify the strategy as appropriate. Correction: An earlier version of this article misstated the proposed merged company's rank by revenue among global defense firms. This Q&A is part of the weekly Global Business Brief newsletter by Marcus Weisgerber. Find the rest of this week's issue here,and subscribe to get it in your inbox, here. https://www.defenseone.com/business/2018/10/q-ceos-chris-kubasik-and-bill-brown-l3-technologies-and-harris-corps/152135

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  8 février 2024 | International, Terrestre

  American Rheinmetall Vehicles and GM Defense deliver prototypes for first phase of U.S. Army’s Common Tactical Truck Program

  The aim of the multi-phased program is to replace the Army’s family of heavy tactical trucks, with production of up to 40,000 trucks valued at up to $14 billion.

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  14 mai 2019 | International, Aérospatial, C4ISR, Sécurité, Autre défense

  The Pentagon wants to create a broader network of innovators

  By: Mike Gruss The Pentagon is reorganizing its internal offices to better partner with universities and upstart technology firms to ensure the military has access to talent and research in the near future and to fortify its innovation pipeline. Defense leaders are increasingly worried about what they describe as the national security innovation base. They hope a series of steps will make it easier to work with, and take advantage of, the leading-edge science across the country. This includes technology that spans from the concept stage to the production stage, and outlets that includes researchers to the defense industrial base. The changes, which affect the Defense Innovation Unit and MD5, were first mentioned in the Pentagon's budget request for fiscal 2020 and have been discussed with increasing details in recent weeks. Defense innovation leaders explained the new setup to C4ISRNET in an interview May 9. DIU's mission is to help the military accelerate its use of emerging commercial technologies and lower the barrier of entry for businesses that don't already do business with the Pentagon. Under the new approach: - The MD5 National Security Technology Accelerator has been renamed the National Security Innovation Network. The network, which helps connect academia, DOD laboratories and users, will fall under the Defense Innovation Unit as a way to take advantage of economies of scale. Morgan Plummer, the network's managing director, said the new name, which changed May 6, more accurately portrays the agency's mission. The program has its own line in the budget for the first time in fiscal 2020. - The National Security Innovation Capital fund, a new program created in the fiscal 2019 defense policy bill, will set aside investment in upstart U.S. companies so they don't fall risk to foreign investors. U.S. leaders fear that as some startups become so desperate for funding they may not consider the national security ramifications of accepting money from overseas. “It's an attempt to keep hardware investment on shore,” said Mike Madsen, director of Washington operations at DIU. The NSIC also aims to signal to the investment community that the Defense Department is interested in developing dual-use technologies and to provide a foreign investment alternative for hardware companies. In testimony to Congress in March, Mike Griffin, the Pentagon's acquisition chief for research and engineering, said that the new groups will fall to DIU “in an effort to put similarly-focused organizations under a single leadership structure.” Perhaps more importantly, Defense leaders said the new structure will help the Pentagon “hand off” technology with a low readiness level or level of maturity until it is ready for broader adoption. “There are these huge pools of untapped talent,” Plummer said. To take advantage of that talent means going beyond research grants in academia and instead to create a network of hubs and spokes of early stage ventures in approximately 35 communities throughout the country. While DIU has offices in Austin, Boston and Silicon Valley, creating a broader network means the NSIN would have staffers in cities such as Chicago, Miami, Columbus, Boulder, Raleigh, St. Louis and Minneapolis. “It makes the Department accessible in a real way,” Plummer said. Previously, business leaders may see the Pentagon as a “big gray monolith” and “may not even know where the door to this place is.” DIU will continue to focus on artificial intelligence, autonomy, cyber, human systems, and space. The Pentagon asked for $164 million for DIU in its fiscal 2020 budget request. https://www.c4isrnet.com/pentagon/2019/05/13/the-pentagon-wants-to-create-a-broader-network-of-innovators/