Leonardo DRS head not thinking retirement, wants to keep firm ‘mid-tier’ in size

Leonardo DRS head not thinking retirement, wants to keep firm ‘mid-tier’ in size
Leonardo DRS head not thinking retirement, wants to keep firm ‘mid-tier’ in size

CEO Bill Lynn described the firm’s recent experience going public and its narrowed focus on four key growth areas.

Leonardo DRS expecting to hit NASDAQ shortly after Thanksgiving

Leonardo DRS expecting to hit NASDAQ shortly after Thanksgiving
Leonardo DRS expecting to hit NASDAQ shortly after Thanksgiving

Overall, Lynn said, the company is “trying to spread our wings a bit” in terms of what DRS can offer the US military, with a focus on four key business areas: advanced sensing, network computing, force protection and electric power and propulsion.

Van Hipp Top SecArmy Pick; Hoekstra For DNI?

Van Hipp Top SecArmy Pick; Hoekstra For DNI?
Van Hipp Top SecArmy Pick; Hoekstra For DNI?

WASHINGTON: The next Director of National Intelligence may be Pete Hoestra, the Dutch-born former head of the House Intelligence Committee, and the next Army Secretary is likely to be Van Hipp, head of consulting firm American Defense International, according to a source who advises President-elect Donald Trump on national security issues. Van Hipp, a former Army officer, first…

CEOs Question DoD’s New IRAD Rule

CEOs Question DoD’s New IRAD Rule
CEOs Question DoD’s New IRAD Rule

WASHINGTON: Two major defense industry players have a suggestion for Frank Kendall, undersecretary of defense for acquisition, whose Better Buying Power 3.0 plan includes a new requirement that companies get the Pentagon’s blessing for internal research and development (IRAD) spending. Back off. “I’m not sure there’s a lot of upside to a lot of DoD oversight of where…

Reaping the Benefits of a Global Defense Industry

U.S. Military Superiority Requires Broader Supply Base, Real Acquisition Reform

U.S. Military Superiority Requires Broader Supply Base, Real Acquisition Reform
U.S. Military Superiority Requires Broader Supply Base, Real Acquisition Reform

The U.S. defense industry, being reshaped by declining post-war budgets, globalization, and the increased pace of technological change, must work with the Pentagon and take proactive steps to maintain our historic preeminence on the battlefield. Our industry does not easily embrace change. In fact, history demonstrates that shifts in the defense industry have largely been…

Go Gently On Acquisition Reform, Say Wise Men

[updated 3:00 pm with Kendall comments] WASHINGTON: If history is any guide, the cuts to the defense budget will prompt a new wave of acquisition reform — and if history is any guide, we’ll get it wrong, again. Frank Kendall, the undersecretary for acquisitions, logistics, and technology, rolled out a “Better Buying Power” initiative in…

DoD Unveils New Cyber Strategy; Cartwright Urges Shift From Defense

Washington: One of the biggest attacks ever on American military networks occurred in March, when another country stole some 24,000 files from a U.S. defense company’s computers, Deputy Defense Bill Lynn said today. While no one mentioned either China or Russia they would be top of the list for any such attack. Lynn disclosed the…

DepSecDef Lynn Going; Navy Sec Mabus Rises as Likely Pick

Washington: Few people doubted that Deputy Defense Secretary Bill Lynn might go when Leon Panetta was announced as the Pentagon’s new leader. Then Lynn stayed for a bit and word went out that he would be with us for at least a while. Then an official announcement went out today suddenly announcing Lynn’s pending departure,…

The Deputy Secretary of Defense Gets It Wrong

Sometimes — not very often, to be sure — someone in government feels so strongly that things are headed in the wrong direction that they feel compelled to break ranks and tell the American people. We have such a case here. Our author, who agreed to be identified only as ‘Anonymous in Government’, knows a…

Lynn’s Paris Cyber Speech Sparks Allied Worries, Business Hopes

Paris: One of the biggest topics being discussed by defense industry experts here as they rev up for the Paris Air Show has little, at first glance, to do with planes: cyber war. Much of the chatter was sparked by Deputy Defense Secretary Bill Lynn’s speech in which he discussed nothing – nothing – but…