Aerospace Group:

Business/Financial

BAE’s U.S. Business Forecasts Modest Growth In 2017

By Cal Biesecker

Friday, May 5th, 2017

SHARE:

BAE’s U.S. Business Forecasts Modest Growth In 2017

Jerry DeMuro, president and CEO of BAE Systems, Inc. Photo: BAE Systems

Driven by a solid outlook in its segment that provides a wide range of electronic capabilities to defense and commercial customers, BAE Systems, Inc., is expecting modest growth this year in its top line, Jerry DeMuro, president and CEO of the U.S.-based subsidiary Britain’s BAE Systems plc, said on Thursday.Sales and operating income in the Electronic Systems segment are expected to rise in the mid-single digits in 2017, primarily on the strength of three programs, DeMuro said during a sweeping…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]