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Transatlantic Finance Initiative

Oct 11, 2013

About the Transatlantic Finance Initiative

In 2013, the Atlantic Council and C. Boyden Gray Fellow Chris Brummer launched the Transatlantic Finance Initiative (TFI) in order to conduct a meaningful discussion on international financial, fiscal, and monetary regulation. Under TFI, the Atlantic Council provides a platform and opportunity for regulators and financial market participants to better understand the nature of these […]

Defense Industrialist

Oct 10, 2013

Technology or Skill?

By James Hasik

What Determines Military Quality, and Why Should Industry care? Battlefield performance may be a rare arbiter of military quality, but when the opportunity arises, it forms an unmistakable signal. So before any military forces and the industries behind them land in that crucible, it’s worth asking what inputs predict which organizations are more likely to emerge […]

Event Recap

Oct 9, 2013

Jonathan Faull on Transatlantic Approach to Financial Reform

On October 9, the Atlantic Council hosted Jonathan Faull, director-general of Internal Market and Services at the European Commission, to discuss recent European financial regulatory reforms, EU bank re-capitalization efforts, and the future of the transatlantic economic partnership broadly. The discussion was moderated by C. Boyden Gray Fellow Dr. Chris Brummer, and touched on issues […]

Economy & Business
Europe & Eurasia

Defense Industrialist

Oct 8, 2013

Full, Open, and Unhelpful

By James Hasik

On Paring Back Clearance Lists for ID/IQ Contracts At our inaugural Captains of Industry event last week, Excelis CEO Dave Melcher had a few sound ideas for the folks who run procurement policy at the Pentagon. I’ve been reading over those, and one which stood out concerned the Defense Department’s current approach to indefinite delivery, indefinite quantity […]

Captains of Industry Series

Oct 2, 2013

Melcher Discusses the Business of Defense in an Age of Austerity

On October 2nd, the Brent Scowcroft Center on International Security launched the Atlantic Council Captains of Industry series, a forum for leaders of major defense contractors to discuss their plans for navigating the new realities facing their businesses. The first speaker was David Melcher, CEO and president of Excelis, a $5.5 billion global aerospace, defense, […]

Defense Industrialist

Oct 2, 2013

Chinese Anti-Aircraft Missiles for Turkey? Some Implications for Security and Industry

By James Hasik

On Friday, the Turkish government announced that China Precision Machinery Import and Export Corporation (CPMIEC) had won the country’s T-LORAMIDS program for a new, long-range, high-altitude air defense system. The company’s FD-2000, the export version of its HQ-9, appears to have beaten Raytheon’s Patriot, Almaz-Antey’s S-400, and Eurosam’s SAMP-T (with land-based Aster 30 Block 1s) […]

China
Turkey

Captains of Industry Series

Oct 2, 2013

Transcript: The Business of Defense in an Age of Austerity

On October 2nd, the Brent Scowcroft Center on International Security launched the Atlantic Council Captains of Industry series, a forum for leaders of major defense contractors to discuss their plans for navigating the new realities facing their businesses. The first speaker was David Melcher, CEO and president of Excelis, a $5.5 billion global aerospace, defense, and information […]

Defense Industrialist

Sep 30, 2013

What Do Steve Ballmer and Ray Odierno Have in Common?

By James Hasik

I mentioned Apple and Microsoft the other day, in the context of innovation, and writing that reminded me of another useful comparison in defense.  Microsoft CEO Steve Ballmer announced his pending retirement back in August, and in the week thereafter, a slew of periodicals wrote about how his departure couldn’t possibly be bad for the company. Perhaps […]

Defense Industrialist

Sep 27, 2013

What to Do with All That Cash? Assuredly, Something with an Incentive Behind It

By James Hasik

For several years now, we’ve been hearing a chorus of laments about how military contractors have been deploying their excess cash. Heck, we’ve probably contributed to that noise on occasion. For some time now, seemingly the reflexive choices have been dividends, special dividends, and share buybacks—all means of returning that cash to shareholders. While this attention […]

Defense Industrialist

Sep 25, 2013

Returns to Scale? A Cautionary Note on the Value of Smallness in the Defense Industry

By James Hasik

In our inaugural comment, we noted that since the 1990s, we’ve been hearing about the need for rationalization and integration in the defense industry. The reason, whether supported by hard analysis or just common narrative, is that all those companies in Europe and North America simply have too much capacity chasing too few programs. That capacity […]

Events