While the 2015 Bipartisan Budget Act provided an assured top line figure, Pentagon Comptroller Mike McCord and his staff still found themselves scrambling to cut more than $20 billion from the budget in just six weeks.
BAE Systems is expected to announce Charles Woodburn, chief executive of UK oil services firm Expro Group, as its new chief operating officer to eventually succeed Ian King as the British giant’s CEO, a source said Saturday.
Tom Kennedy began in Raytheon's radar development unit in 1983, rising through the ranks to become CEO in March 2014 and chairman seven months later. With a doctorate in engineering, the former US Air Force captain is positioning the giant for growth by continuing to invest in technology and cyber. Investment allowed Raytheon to win key contracts like the US Navy's Air and Missile Defense Radar and Next Generation Jammer, and the Air Force's 3D Expeditionary Long-Range Radar, which at presstime was under protest.
The US Coast Guard has long prided itself on accomplishing a vast range of missions on a shoestring budget, but that can-do spirit is under pressure as the service gets busier and budgets fail to keep pace.
Late last year, senior Pentagon leaders announced a slew of initiatives to modernize and streamline the development and acquisition of weapon systems, while calling for a closer relationship with NATO in the prototyping and testing of future military technologies.