Farnborough2012

Farnborough: End Of The (Slow) Show

FARNBOROUGH AIR SHOW: This is it. We are wrapping up our coverage of the 2012 show. The grey and wet skies that blanketed the show for most of the week stand as a metaphor for the defense business. One industry observer, with more than 20 years of air shows under his belt, told me this […]

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Air Warfare

Farnborough Flights Of Fancy — Day 3

FARNBOROUGH AIR SHOW: The sun shone — sometimes. Well, once in a while. But regardless of the weather here crowds turned out to watch the planes, especially the Boeing 787 Dreamliner. Its sleek composite frame complemented the subtle bend of the wings as the plane took off and banked. The 787’s pilot was praised by […]

Air Warfare

BAE Takes On Lockheed For Billions In Global F-16 Upgrades

FARNBOROUGH AIR SHOW: You can tell the U.S. defense budget is shrinking when one of the more interesting stories during an international air show centers on a plane, the F-16, first delivered in 1979. But BAE Systems’ press conference focused on just that, providing upgrades to the worldwide fleet of some 2,500 airplanes in what […]

Raytheon Targets Pacific, Middle East To Boost Foreign Market Share

FARNBOROUGH AIR SHOW: Raytheon, of all the American defense contractors, has made the biggest commitment to air shows in the last three years in hopes of boosting the company’s foreign market share to 30 percent from the current quarter of company business. Every American defense company, watching the debate over sequestration and the long-term prospects […]

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US, Euro Defense Industry Must Look Abroad For Profits: PwC Study

FARNBOROUGH AIR SHOW: A new study by the consulting company PwC’s aerospace and defense division concludes that U.S. and European primes must look abroad for the mainstay of their profits. As PwC’s Scott Thompson says in this exclusive interview, industry leaders also beleive controlling costs and improving their own management will be key to surviving […]