This week, U.S. House lawmakers, seemingly frustrated by Air Force and Army decisions to cancel weapons in the 2013 budget, have taken the first steps toward reinstating funding for those programs. In its markup of the 2013 defense authorization bill, the House Armed Services subcommittee on tactical air and land forces recommended adding $1.1 billion above what the Pentagon requested for certain weapons programs.
A recent DoD report, released on April 18, suggests that Congress should lift restrictions on commercial satellite exports to eliminate existing headwinds in the U.S. space manufacturing market. Currently, commercial satellite exports are regulated by the U.S. Munitions List (“USML”), grouped with other defense-related artifacts such as firearms, missiles, military vehicles, and warfighter training equipment.
This week the Pentagon released its 30-year aviation plan which forecasts to spend $770 billion on aircraft purchases, operations, maintenance, and construction between fiscal year 2013 and 2022, with annual funding levels set to peak at $80 billion in fiscal year 2022.
We recently read the Special Collector’s Edition of Scientific American entitled “A Matter of Time”. The 116-page edition examined snapshots of revolutionary development work focused on time measurement and theory—much of which stretch and challenge the basic principles of relativity and quantum mechanics that order, simultaneity, continuity and duration all beat to a unified theory pinned to an underlying clock.
March was a busy month in the Cyber / Intel arena with some newsworthy market developments, and a handful of notable acquisitions and VC funding transactions taking place. In the federal arena, General Keith Alexander, Director, NSA and Commander of CYBERCOM spoke to the House Committee on Armed Services Subcommittee on Emerging Threats and Capabilities.
Following the recent International Society of Transport Aircraft Trading (“Istat”) conference and this week’s Engine MRO Forum put on by Aviation Week, debate over the surging demand for new jets and whether Boeing and Airbus are producing too many new narrow body plans has begun to escalate. In 2011 Airbus and Boeing received more than 2,200 net orders, nearly double the level in 2010 and well beyond the 1,011 jets they delivered.
A new Pentagon report, released on March 29th, projects a nearly $17 billion increase (vs. prior estimates) in the total cost of the F-35 Joint Strike Fighter program. The report estimates the total program cost to $396 billion, representing 2,443 aircraft for the USAF, USMC, and U.S. Navy.