Atlantic Council Captains of Industry Series

The Captains of Industry Series is a platform for senior defense industry executives to address the public interests their companies serve and the public policies that shape their markets.
  • Sooner Rather than Later

    The Pentagon is seeking a way through its “very challenging fiscal environment”

    Last week, the attention of the defense sector turned to San Diego for AFCEA WEST. Co-hosted by the US Naval Institute and the Armed Forces Communications and Electronics Association (AFCEA), the conference convened leaders across the armed services and private industry to address the salient theme of “lower budgets and higher demands.” The three-day event featured expert panels and keynote addresses with remarks from many central figures in this conversation, such as Deputy Defense Secretary Robert Work, Former PACOM Commander Admiral Tim Keating, and Ellen Lord, the president and CEO of Textron Systems. Over the course of the conference, dialogue ranged through the Navy’s outlook on the Asia-Pacific “rebalance,” the campaign against ISIL, the military’s participation in humanitarian assistanc and disaster relief, and spotlights on big-ticket defense systems, such as directed energy weapons and unmanned systems.


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  • Transcript: Playing the Long Game

    PLAYING THE LONG GAME

    MIKE PETTERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER,

    HUNTINGTON INGALLS INDUSTRIES, DELIVERS REMARKS AT THE
    ATLANTIC COUNCIL

    DECEMBER 10, 2014

    MIKE PETTERS,
    PRESIDENT AND CHIEF EXECUTIVE OFFICER,
    HUNTINGTON INGALLS INDUSTRIES

    STEVEN GRUNDMAN, M.A.,
    MODERATOR

    MARK BRUNNER,
    SENIOR ADVISER TO SEN. MARK WARNER

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  • Playing the Long Game

    On Wednesday, December 10, 2014 the Atlantic Council's Brent Scowcroft Center on International Security hosted Mike Petters, president and CEO of Huntington Ingalls Industries, for a discussion on the need to plan further ahead in defense-industrial issues. The speech, entitled "Playing the Long Game," is the latest in the Atlantic Council's Captains of Industry series, a platform for senior executives in the defense industry to address the public interests their companies serve and the public policies that shape their markets. The event was moderated Steven Grundman, M.A. and George Lund fellow, with an introduction by Mark Brunner, senior adviser to Senator Mark Warner.

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  • Are Lockheed, Raytheon, and L-3 "Ripe for a Spinoff"?

    The largest defense contractors are conglomerates, and excessive conglomeration may not be helping the customers.

     

    Last month I argued that the rumored spinoff of Oshkosh’s military trucks business wouldn’t be good for either the company or its customers. But anti-mergers are in the air, as evidenced by the Wall Street Journal’s almost simultaneous article "Smucker, Oracle, IBM Among Credit Suisse’s 35 Firms Ripe for a Spinoff,” (24 November). The list didn’t headline the defense contractors, but did include Lockheed Martin, Raytheon, and L-3 Communications in its set of "large companies that could tap into the spinoff trend, which has seen companies shed unwanted or slower-growing divisions at a feverish pace.” Why? As the article points out, "companies with narrower footprints are easier to manage," and by the well-known conglomerate discount, are “more fairly valued by the market.”

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  • Transcript: Endless Possibilities for the Future of Space Launch

    Atlantic Council

    Endless Possibilities for the Future of Space Launch

    Welcome:
    Intro: Magnus Nordenman,
    Deputy Director,
    Brent Scowcroft Center

    Moderator:
    Jeffrey Roncka,
    Renaissance Strategic Advisors

    Speaker:
    Salvatore "Tory" Bruno,
    President and CEO,
    United Launch Alliance

    Location:
    1030 15th Street, NW,
    12th Floor (West Tower),
    Washington, D.C.

    Time: 4:30 p.m. EST
    Date: Thursday, November 13, 2014

    Transcript by
    Federal News Service
    Washington, D.C.


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  • Endless Possibilities for the Future of Space Launch

    On Thursday November 13, the Brent Scowcroft Center on International Security welcomed Salvatore "Tory" T. Bruno, president and CEO of United Launch Alliance (ULA). The event, titled "Endless Possibilities for the Future of Space Launch," was the latest in the Atlantic Council Captains of Industry series, a platform for senior executives in aerospace and defense to address the public interests their companies serve and the public policies that shape their markets. The event was moderated by Jeffrey Roncka, managing partner of Renaissance Strategic Advisors.

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  • Endless Possibilities for the Future of Space Launch

    Please join the Atlantic Council's Captains of Industry Series for a conversation with Tory Bruno, President and CEO of United Launch Alliance on November 13that 4:30pm.

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  • The three big questions of defense-industrial strategy

    Commercial or military, autarkic or globalized, public or private?


    What are the industrial base issues that need to be considered in any defense strategy? In this age of austerity in military spending, we are hearing calls for bolder policies that would break with past practice, rewarding companies for taking risks, and punishing those that failed. We hear assertions that defense ministries should think seriously about what capabilities they want to preserve as economic constraints force choices in future force structure, and ultimately strategy. We should applaud these  efforts to highlight industrial considerations in formulating strategy, for the question remains fresh. But in thinking about formulating public policies in this area, I believe that an overarching framework is important. I recommend orienting on three dimensions, each of which encompasses a spectrum of potential defense-industrial policies.


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  • The Globalization of the Defense Industry

    How should the defense industry adjust to greater economic globalization, with novel regional and functional challenges? How is the private sector going to manage decreasing national defense budgets while maintaining high levels of innovation, research, and development?

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  • SpaceX President Speaks of Need to Rebuild US Dominance in Space

    The Washington Post features the Brent Scowcroft Center of International Security's event with President and COO of SpaceX, Gwynne Shotwell:


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