US prime defence contractors have reported declining sales for the third quarter of 2013 as some of their businesses are affected by the current budget situation.
It has mainly been short-cycle businesses that have been impacted with the larger backlogs of longer-cycle businesses securing steady revenue.
Marilyn Hewson, CEO and president of Lockheed Martin, told reporters in a conference call: ‘With the closure of government’s FY2013 we can now determine that budget reduction actions implemented under sequestration will result in limited impact to our portfolio programmes in 2013, with impacts seen primarily on our short-cycle business.’
Further, Northrop Grumman
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The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
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