23 août 2023 | International, Terrestre
US Army approves Sentinel A4 air defense radar for low-rate production
The US Army's Sentinel A4 radar that can track challenging threat targets like cruise missiles is moving into low-rate initial production.
29 octobre 2020 | International, Aérospatial
Raytheon laying off 20,000 amid commercial aviation slide
WASHINGTON ― Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company's Pratt & Whitney and Collins Aerospace divisions, due to decreased commercial aerospace sales from COVID-19 pandemic, CEO Greg Hayes said Tuesday on the company's earnings call.
The Waltham, Mass., aerospace giant is the latest company to announce losses since the pandemic has sent commercial aerospace companies reeling, costing them tens of thousands of jobs and millions in lost profits. Hayes projected the market segment wouldn't get a sharp rebound, but instead see “a long, slow recovery,” over several years.
“We don't expect commercial air traffic to return to 2019 levels, until at least 2023. And that's of course depending upon the timing of a widely distributed vaccine. In the near term, we expect a gradual recovery of commercial air traffic particularly given the recent spike in global cases [of coronavirus],” Hayes said.
“As you know, we set aggressive targets in the first quarter to reduce costs by about $2 billion and to take actions to conserve about $4 billion in cash, making difficult but necessary actions to reduce headcount,” Hayes said.
The ongoing personnel actions will reflect a 20 percent cut at both divisions, and include both temporary furloughs and a hiring freeze. In its merger with United Technologies in April, the company already planned to cut 1,000 jobs, mostly on its corporate side, Hayes said.
The company is also reducing its infrastructure, which takes up 31 million square feet, by more than 20 percent ― beyond an earlier 10 percent goal for the merger. Hayes said that even after the pandemic subsides, it would continue to employ increased remote-work arrangements as part of a multiyear strategy to slash overhead.
An announced aerospace-parts facility in western North Carolina is still in the works, as Hayes said the company would need the capacity when demand returns. “I think by the time this comes online in late 2023, we should see a kind of return to normalcy in commercial aerospace, and Pratt will be well positioned with a much lower cost, much more automated production facility,” he said.
According to third-quarter numbers posted by Raytheon, Pratt & Whitney posted a $615 million loss in operating profit for the quarter versus a $520 million profit for the same period in 2019. Pratt's military sales rose 11 percent, driven in part by production of the F-35 joint strike fighter.
Collins managed to post an operating profit of $526 million for the quarter, but the number marked a 58 percent drop over the prior year.
Raytheon's commercial aftermarket business fell 51 percent at Pratt & Whitney and 52 percent at Collins Aerospace, while the company's military side was up.
Both Raytheon's intelligence and space and missiles and defense segments offset some of the losses, as the company reported sales of $14.7 billion and an operating profit of $434 million for the quarter.
Raytheon executives were upbeat on the defense business's backlog of more than $70 billion, and for the quarter, the segment posted $928 million in classified bookings.
Correction: An earlier version of the story misstated the timing of the job cuts. They are ongoing, and most took place prior to Tuesday's call.
https://www.defensenews.com/2020/10/27/raytheon-to-lay-off-20000-amid-commercial-aviation-slide/
Sur le même sujet
-
-
10 décembre 2023 | International, Naval
Why more vets should work in Shipyards according to marine leader
-
19 septembre 2018 | International, Aérospatial
How the Air Force plans to use space to project power in the 21st century
By: Daniel Cebul NATIONAL HARBOR, Md.— As the National Defense Strategy and National Security Strategyhave made clear, space is set to become a crucial war fighting domain, as nearly every operation the military conducts relies on space assets. So when the leaders of the Air Force's Global Strike Command, Space Command, commander in Europe and Africa and special operations head all shared a stage at the Air Force Associations annual conference to discuss operations, its no surprise they chose to focus on how the service plans to leverage space assets to project power in the 21st century. One reason space is so important, not just to the Air Force, but all military services, is that space assets enable multidomain operations that are becoming the norm in the modern warfare. Citing the Air Force's successful strikes against Assad-regime chemical weapons manufacturing sites in Syria in April, Gen. Tod D. Wolters, commander of U.S. Air Forces in Europe and Africa, explained the mission was successful because “we had well-vetted and thorough multidomain operations.” Another key reason the Air Force is doubling down on space is because the outcome of a conflict with a near-peer will largely depend on winning the battle in space. “If deterrence fails I am convinced ... if we are up against a peer or near-peer we are going to have to fight for space superiority,” said Gen. John Raymond, commander of Air Force Space Command. “As the National Defense Strategy talks about, that's going to require capability from multiple domains to come forward,” he added. Raymond noted the need to control assets in space was prioritized in the National Security Strategy, which talks about “unfettered access to and freedom to maneuver in space as a vital national interest. That's significant, it wasn't in the last National Security Strategy.” And unlike in previous endeavors beyond Earth's atmosphere, the U.S. is no longer going it alone. Looking at the spectrum of operations “from humanitarian assistance and disaster relief on one end to kinetic on the other end, there is nothing that isn't done without multidomain operations or integration of air, space and cyber together, and there is nothing we do not do without our allies," Raymond said. "So by definition multidomain, [and command and control] has to be coalition friendly.” Considering the need for U.S. partners in space and how the space environment has evolved, Raymond explained, "we haven't needed to have partners in space before. It was a benign domain.... That is not the case today and we are working really hard to develop those partnerships that we enjoy in all other domains than space.” But projecting power from space requires work to be done on terra firma by the U.S. and its allies. Gen. Timothy Ray, commander of U.S. Air Force global strike command, explained “The ability to improve much faster at our bases and our power projection platforms absolutely has to be an integrated conversation. We talk about integrating air space and cyber we fundamentally have to master the integration of our bases.” https://www.defensenews.com/newsletters/digital-show-daily/2018/09/18/how-the-air-force-plans-to-use-space-to-project-power-in-the-21st-century-2