Most defense company executive teams are spending a lot of sleepless nights these days. Their worry: how to create shareholder value in a market with a gloomy long-term outlook. Defense and security budgets are heading south. “Sequestration” looms large on Capitol Hill. New program starts are few and far between. Internally, most companies' cost structures are bloated from a 10-year growth cycle, and organizational complexity is rampant.
Aerospace and defense companies thrive by engineering aircraft that can cruise through turbulence and by building battlefield-hardened weapons systems. But now their biggest challenge may be how well they can weather the currency-market wind shears that have pushed the U.S. dollar into a nosedive—and position themselves for its next eventual ascent.
In researching our cover package on aeromedical evacuation, one of the hardest things to grapple with was how to count casualties. It turns out that even those experienced in the field can become confused on what metric is the most appropriate to use in any given circumstance....More
In recent years the number of airlines operating Boeing's long-range, high capacity 777 (particularly the -300 series, but also some smaller -200s) has increased noticeably at the UK's premier international gateway....More