Leanne Spees, senior vice president of international finance with The Provident Bank, speaks Thursday about the importance of allowing banks to help New Hampshire exporters. Spees was a guest speaker at the annual networking event for the New Hampshire Aerospace and Defense Export Consortium. (KIMBERLY HOUGHTON/UNION LEADER CORRESPONDENT) BEDFORD — Trends and tensions are shaping the future of the global defense export industry, according to a defense industry expert. “There are a lot of transitions going on in the defense aerospace market,” Tate Nurkin, founder of OTH Intelligence Group LLC, told a group of trade representatives last week in New Hampshire. While the United States is dominating the field in terms of the highest amount of money spent on its global defense budget, China takes second and India just surpassed the United Kingdom for third place in spending for 2017, Nurkin said. There have been four consecutive years of growth for defense budgets, … [Read more...] about Networking event shows possibilities of expanding the limits of the defense industry
A National Defense Industrial Association lunch for small business leaders will be 11:30 a.m. until 1 p.m. Thursday, April 12, at Rock Island Arsenal Golf Course and Clubhouse, Arsenal Island.Tickets cost $15 for association members and $20 for non-members ($25 at the door). For more information, contact Natalie Linville-Mass at 309-786-5142 or [email protected] is the first time the association has sponsored a luncheon with the Quad-Cities Iowa and Illinois Procurement Technical Assistance Centers. … [Read more...] about National Defense Industrial Association holds lunch for small-business leaders
Note: This is the third and final installment of Business Weekly’s series on veterans in the workplace.The Indiana Office of Defense Development is setting its sights on economic development in northeast Indiana, which could mean more jobs for active-duty military, veterans and civilians looking for work or business opportunities in the defense sector.That was the message Capt. Danielle Chrysler, director for the IODD gave at the March 23 luncheon for the Northeast Indiana Community Base Council. “Northeast Indiana is one of my regional ecosystems, if you will,” she told the Business Weekly in a phone interview after the meeting. “The governor and lieutenant governor sat down with me to talk through what assets they thought we had in Indiana and we have 11 of them currently that cover all the way up from Michigan City over to northeast Indiana and down into Terre Haute, central Indiana and then the southwest/southeast also have assets located in … [Read more...] about Defense industry pushes for growth in northeast Indiana
Last Updated Apr 9, 2009 6:08 AM EDT In the Nineties once the Peace Dividend kicked in and the U.S. defense budget began its slow decline there was an uptick in M&A activity in the defense industry. Venerable firms like Grumman and McDonald Douglas merged with other large companies Northrop and Boeing. Smaller companies were also gobbled up, even fairly substantial ones like Logitech and Nichols Research. Every company I worked for was bought by a bigger company. In some ways this was encouraged by the Pentagon as they realized that few contracts for smaller quantities of systems were going to be signed and it couldn't support the industrial base of the previous years. In the last eight years the growing defense budget of the now non-Global War on Terror led to an expansion in the market that was filled by European firms like BAE and EADS. It is now expected that with the Obama administration winding down the war and cuts to the defense budget that there will be an increase … [Read more...] about Future of Mergers and Acquisitions in the Defense Industry
Democracy Dies in Darkness Sections Home Subscribe Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Business by Aaron Gregg and Christian Davenport by Aaron Gregg and Christian Davenport Email the author March 5 Email the author Vice President Pence, Commerce Secretary Wilbur Ross and National Trade Council adviser Peter Navarro listen as President Trump speaks during an executive-order signing ceremony in the Oval Office on March 31, 2017, regarding trade. (Jabin Botsford/The Washington Post) President Trump rattled markets and irked U.S. allies last week when he moved to impose steep tariffs on steel and aluminum imports, insisting such imports are a threat to national security. Now, a growing chorus from the defense industry has … [Read more...] about Trump says steel imports are a threat to national security. The defense industry disagrees.