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02 Apr 20. USAF botched building its new air base in Africa. Construction at the Air Force’s Nigerien Air Base 201 might have violated federal law and skirted security standards, resulting in increased risks for troops operating at the remote outpost, according to a new report released by the Pentagon’s inspector general.
The $100m air hub is located in the Agadez region of Niger. It was designed for use by C-17 cargo aircraft and armed drones that previously operated out of Niger’s capital, Niamey. But completion of the airfield and base camp was delayed by almost three years and plagued by mismanagement, according to the DoD IG report.
Thorough site surveys were not performed early on, causing resourcing problems. And the air base was not designed in accordance with Defense Department safety and security requirements, the report stated, citing problems with the aircraft rescue and firefighting station, base perimeter fence and airfield lighting.
“A few procedural missteps occurred in an effort to build a functional air base in a very remote area under very austere conditions,” said U.S. Africa Command spokesman Air Force Col. Chris Karns in an email. “The construction of Nigerien Air Base 201 provides a valued capability to address and monitor the deteriorating security situation in the Sahel.”
The DoD IG report called for a review and potential investigation into why the Air Force might have violated a federal law known as the Antideficiency Act by purchasing 12 guard towers costing roughly $3.7m using procurement funds instead of military construction funds. Procurement funds are used to finance equipment, while the military construction budget is designed to pay for property construction and requires congressional notification.
The Air Force also bypassed Congress when it split the construction requirement for intelligence, surveillance, and reconnaissance operations into six operations and maintenance projects adding up to $5.4m. Air Force officials told the DoD IG this was done to meet an urgent timeline.
“However, all of the projects were known and each project on its own would not result in a ‘complete and useable facility,’ which means the projects should have been combined and reported to Congress,” the DoD IG wrote. Karns maintained that no laws were broken during the construction process, and though some “mistakes were made,” procedures will be “tightened up.”
There was also an urgent need to build the air base, Karns said, citing the growth of Islamic extremism in the region. Four U.S. troops were also killed during an ambush by ISIS-linked militants in Niger nearly three years ago.
Not all the construction at Air Base 201 was completed before operations began. The Air Force approved temporary waivers in June 2019 to allow drone operations at the facility, which “increases the safety risk for personnel” there, DoD IG officials wrote.
The Air Force accepted a base perimeter fence constructed by a contractor even though the infrastructure did not meet the combatant command’s antiterrorism standards in Africa, the report said, but the paragraphs elaborating on those problems and whether they have been corrected or granted a waiver were redacted in the public report.
The 724th Expeditionary Air Base Squadron commander at Air Base 201 and the military construction program manager did not have the authority to accept that risk. They also never asked AFRICOM for a waiver, meaning the command was “not fully aware of the security risks at Air Base 201,” the report reads.
The firefighting facility at the base was also not strategically placed so airmen could meet emergency response times for the entire air base. And solar lighting purchased for the airfield is also not well-suited for uninterrupted visual airfield lights, because Niger experiences sand storms and a heavy rainy season that will impede solar panel charging.
Some of these issues arose after Air Base 201′s classification was changed in September 2015 from a temporarily “contingency location” to a cooperative security location, meaning it is planned to be an enduring base lasting up to a decade.
As a result of these problems, the airfield and base camp needed to support the the drone mission there was delayed by almost three years, finally finishing in spring 2019.
“In addition, the problems that we identified relating to the aircraft rescue and firefighting facility, [REDACTED], and airfield lights could lead to increased risk in safety and security,” the report reads. “Furthermore, the construction of the infrastructure necessary to support the ISR mission, such as munitions storage and handling areas, has not been completed.”
Though waivers were granted, operating without that infrastructure increases the safety risk for troops assigned to Air Base 201, DoD IG officials wrote.
AFRICOM and the Air Force pushed back against the report, citing challenges to building in the Sahara Desert and the changing operational requirements throughout the construction project. AFRICOM submitted multiple requests for a contingency construction authority in Niger beginning in 2013 to assist the process, according to Karns.
“We acknowledge the immense work and efforts put forth by AFRICOM and the Air Force,” DoD IG officials wrote in the report. “However, the circumstances did not negate the Air Force’s responsibility to ensure that construction projects were programmed in accordance with appropriation laws and regulations; construction, operations, and security standards were adhered to; and the appropriate waivers were coordinated and approved.” (Source: Defense News)
26 Mar 20. Pulse Power and Measurement Ltd (PPM) has announced the opening of 40 new offices in the UK. Those working from the 40 home offices continue PPM’s engineering and design, sales and marketing, customer service and accounts work. They are in addition to employees already working remotely in the USA, Poland and Thailand.
Most of the company’s Production team remain on-site for the manufacturing and shipment of orders, and – to ensure a completely smooth customer-experience – some customer service and accounts employees also remain. PPM has four divisions: PPM Power, ViaLite Communications, PPM Systems and PPM Test; all of which are still taking and processing orders.
PPM’s aim is to provide its customers with a “business-as-usual” experience whilst protecting its staff and the local community. It has also published a Coronavirus statement encouraging customers to ring up simply for a chat, should they be feeling isolated.
Neil Seager, CEO, said: “I’m not at all surprised by the rapid response and adaptability of everyone at PPM to the new normal, because that is what we do so well; nevertheless it has been a heartening experience. We remain focused on you the customer, and are happy to chat anytime on Zoom, WebEx, Skype, or just by phone.”
31 Mar 20. Ingalls Shipbuilding Launches Amphibious Transport Dock Fort Lauderdale (LPD 28). Huntington Ingalls Industries (NYSE: HII) Ingalls Shipbuilding division launched amphibious transport dock, Fort Lauderdale (LPD 28), on Saturday.
“The successful launch of Fort Lauderdale, our 12th LPD, is a major milestone achievement for our shipbuilders,” Ingalls Shipbuilding President Brian Cuccias said. “Thank you to our shipbuilders for all the hard work they do every day.”
Fort Lauderdale was translated via Ingalls’ rail car system to the floating dry dock prior to launch. The dock was moved away from the pier and then flooded to float the ship. With the assistance of tugs, Fort Lauderdale came off the dock Saturday morning.
The San Antonio class is the latest addition to the Navy’s 21st century amphibious assault force. The 684-foot-long, 105-foot-wide ships are used to embark and land Marines, their equipment and supplies ashore via air cushion or conventional landing craft and amphibious assault vehicles, augmented by helicopters or vertical takeoff and landing aircraft such as the MV-22 Osprey. The ships support a Marine Air Ground Task Force across the spectrum of operations, conducting amphibious and expeditionary missions of sea control and power projection to humanitarian assistance and disaster relief missions throughout the first half of the 21st century. (Source: ASD Network)
03 Apr 20. Boeing [NYSE: BA] recently delivered the first CH-47F Chinook to the Royal Netherlands Air Force (RNLAF), continuing a track record of on-time deliveries to customers. The RNLAF will operate a fleet of 20 CH-47F Chinooks, the newest configuration in use by countries around the world.
“The RNLAF made it clear to us that they need the advanced, proven capability of the CH-47F now,” said Andy Builta, vice president of Cargo & Utility Helicopters and H-47 program manager. “I want to thank our phenomenal team for working hard during a difficult situation to safely deliver these aircraft. This is a reminder to all of us of how important Chinooks are to our customers.”
The 20 CH-47F Chinooks will be a fleet equipped with the same state-of-the-art technology as the U.S. Army, including digital automatic flight controls, a fully-integrated Common Avionics Architecture System (CAAS) glass cockpit, and advanced cargo handling capabilities. The common configuration leads to lower overall life cycle costs.
The RNLAF currently flies a mix of F-model Chinooks with the Advanced Cockpit Management System (ACMS) and CH-47D Chinooks.
“It has been a pleasure to work closely together with the U.S. Army and Boeing teams to achieve this milestone,” said Col. Koen van Gogh, Netherlands Defence Materiel Organisation. “The Chinook helicopter is a vital asset for our missions and the in-time delivery certainly supports our operational planning. I salute the Boeing workforce for their continued efforts to make this happen in these troubling times, as well as the U.S. Army officials that helped keep us on track.”
Deliveries to the RNLAF are expected to continue into 2021. Chinooks are currently in service or under contract with 20 international defense forces, including the U.S. Army, U.S. Special Operations Forces and eight NATO member nations.
30 Mar 20. Argentina completes receipt of second batch of Pampa III jets. The Argentine Air Force (Fuerza Aérea Argentina – FAA) has received into service its sixth FAdeA IA-63 Pampa III trainer and light combat aircraft, the Ministry of Defence (MoD) announced on 27 March.
The Pampa III, serial number A-705 (1033), was the third and final aircraft of the second batch so far ordered from Fábrica Argentina de Aviones (FAdeA). It was received by the FAA’s 6th Air Brigade (VI Brigada Aérea) based at Tandil, south of the capital Buenos Aires. Along with the previous five aircraft received, it will be used as an advanced trainer, as well as for protecting the country’s northern airspace. As previously reported by Jane’s, the first batch of three aircraft was delivered to the FAA in 2018. This second batch was contracted in March 2019 for ARS901.7m (USD21.9m at the time). It has not been disclosed if additional orders will be placed. The Pampa II is the latest iteration of the Pampa aircraft, whose development dates back to the early 1980s, with the first flight taking place in October 1984. The Pampa is a high-wing, tandem twin-seat, single-engine jet trainer aircraft with a secondary light attack/fighter capability. The Pampa III, which features an enhanced Honeywell TFE731-40-2N powerplant and a digital avionics suite, was first rolled out in 2013. (Source: Jane’s)
01 Apr 20. Bangladesh receives final surplus UK C-130J airlifter. Bangladesh has received the last of five UK-surplus Lockheed Martin C-130J Hercules transport aircraft it ordered, the UK Ministry of Defence (MoD) told Jane’s on 1 April. Aircraft ZH 887, a short-bodied C-130J (designated C5 in Royal Air Force [RAF] service), was transferred to the Bangladesh Air Force on 3 February, ahead of the MoD’s previously stated target date of “the end of March”.
As previously reported by Jane’s, Bangladesh ordered the surplus C-130Js in two batches of two and three aircraft in 2018 and earlier in 2019, respectively. The deals were initially revealed via maintenance contracts announced by Marshall Aerospace and Defence Group (ADG), although the MoD later confirmed the total number to Jane’s.
The first of the five aircraft was rolled out by Marshall ADG during an official ceremony in mid-July 2019. As Marshall ADG noted at the time, the company is carrying out comprehensive depth maintenance and important modifications on all the aircraft including capability enhancements such as medical evacuation, avionics upgrades, and the provision of a passenger transport configuration.
The Bangladesh Air Force had previously noted that the acquisition of C-130J aircraft from the RAF provides a key enhancement to its current airlift capability. As well as performing in-country support of the aircraft, Marshall ADG is modifying the aircraft, including designing, developing, and installing a medical evacuation capability to enable the Bangladesh Air Force to carry out tasks within the country and overseas in support of UN missions.
The acquisition of the C-130Js will enable the Bangladesh Air Force to retire the four C-130Bs that it has fielded since 2001 (these were acquired secondhand from the United States) at the same time as augmenting its three Antonov An-32 ‘Cline’ and three L-410UVP-200 transport aircraft that date from 1989 and 2015, respectively. (Source: Jane’s)
30 Mar 20. New MV-22B Osprey Squadron achieves full operational capability. The US Marine Corps has announced that a new MV-22B Osprey squadron has achieved full operational capability. The certification affirms that the Marine Medium Tiltrotor Squadron (VMM) 362 unit is staffed, trained and equipped. Also known as the ‘Ugly Angels’, the unit became part of the collective combat-power of Marine Aircraft Group 16 and 3rd Marine Aircraft Wing (MAW). VMM-362 commanding officer Lt Col Matthew McSorely said: “It was a big day. We launched a report saying the squadron is ready-to-go, and I am extremely proud of all the hard work and effort the marines put into building this squadron from the ground up.”
The squadron received the full operational capability certification after achieving several key milestones.
Last year, VMM 362 received initial operational capability and completed a unit training detachment in New Mexico. The unit has cleared all five major inspections.
In its new role, the unit will support the 3rd MAW and assist in missions across various military operations. It is now engaged in additional training and readiness objectives.
McSorely added: “Now we can represent the MAW with absolute confidence as a fully operational squadron.
“The training we have completed up to this point will allow us to support the ground forces’ mission without reservations.”
The MV-22B aircraft provides medium lift assault support to ground forces facilitating expeditionary operations. The aircraft is capable of carrying up to 18 fully combat loaded marines. (Source: naval-technology.com)
PLANT CLOSURES, JOB LOSSES AND STRIKES
02 Apr 20. Aircraft Carrier Captain Fired For ‘Poor Judgement’ In Sending Coronavirus Letter. Acting Secretary Modly’s Thursday decision to sack the skipper of Theodore Roosevelt was quickly criticized as retaliation for embarrassing Navy leaders. The commander of USS Theodore Roosevelt, who sounded the alarm about a COVID-19 outbreak aboard his aircraft carrier, has been relieved of command by the acting Navy secretary.
Capt. Brett Crozier “demonstrated extremely poor judgement in the midst of a crisis” by sending a four-page request for urgent help to people outside his chain of command, Thomas Modly told reporters Thursday afternoon.
The carrier pulled into Guam on Friday after several COVID-sickened sailors had been medevaced off the ship. Crozier soon began sending sailors ashore to accommodations where they could isolate themselves, but became concerned that a lack of rooms on Guam was slowing the evacuation. A total of 114 Roosevelt sailors have tested positive for the coronavirus, and the ultimate number will probably be “in the hundreds,” Modly said.
Modly said Crozier could have “walked down the hall” to his immediate boss, the admiral in charge of the carrier’s strike group, or expressed his concerns in one of his conversations with Modly’s chief of staff. Instead, Crozier sent his March 30 letter over unsecure email to multiple Navy leaders in and outside his chain of command, and it made its way to the San Francisco Chronicle, which published it on Tuesday.
Modly denied that the letter and its intense media coverage spurred the Navy into quicker action. And he denied that Crozier’s firing was “retribution,” praising the captain for looking out for his crew and sounding alarms.
“It was the way in which he did it,” said Modly.
Adm. Mike Gilday, chief of naval operations, said he agreed with the decision.
Modly said the letter made it look as if the Navy was not helping Crozier. The acting secretary repeated his Wednesday denials that the Navy only took action after the letter, and reiterated that preparations for evacuating the majority of the crew had already begun at that point.
In the six days since the ship tied up in Guam, Modly said, the Navy has arranged shore-based accommodations for almost 3,000 sailors.
“And that’s what’s frustrating about: it created the perception that the Navy’s doing its job, and the government’s not doing its job,” the acting secretary said.
Modly added that Crozier had not properly prepared his chief petty officers — the ship’s senior noncommissioned officers — to discuss his plans to put some 90 percent of the crew ashore as fast as possible. The secretary alleged it created “a mini-panic” among the crew and their families.
One former senior military spokesman found that hard to believe.
“The idea that it got out there and it created panic among families — you don’t think the families didn’t already know what was going on on that ship? You don’t think the sailors weren’t already telling their families what was happening on the ship? That’s ridiculous,” said David Lapan, retired Marine Corps colonel who served as the top spokesman for the Pentagon, Joint Chiefs of Staff, and the Marine Corps.
“It’s more believable that the letter would cause the families to be upset that the Navy wasn’t taking the right steps to protect their loved ones.”
The decision to relieve Crozier of command drew quick criticism, including from one member of Congress.
“I have a really hard time believing this. This deserves investigation,” tweeted Rep. Tulsi Gabbard, the former Democratic presidential candidate from Hawaii, whose district includes Pacific Fleet headquarters at Pearl Harbor.
John Kirby, a retired rear admiral who served as the State Department’s head spokesman from 2015 to 2017, tweeted, ”I understand the ‘trust & confidence’ argument. It’s sacrosanct in the Navy. But based on justification put forth by acting SECNAV for why he lost trust & confidence in the TR CO, hard to see it as anything other than an over-reaction & unwarranted at a vital time for the ship.”
Said Lapan, “There are so many flaws in how the Navy is explaining this that it’s causing people to question what the real reasons are.”
Of Modly’s suggestion that Crozier should have contacted him directly, Lapan said it directly contradicts the secretary’s reasoning for the firing.
“You’re the acting secretary of the navy. You’re going to suggest an O-6 ship captain coming directly to you is not going outside the chain of command? Everyone above that O-6 would have been furious,” said Lapan.
Modly said Crozier also misrepresented the state of affairs aboard the carrier to him. Asked how, he said the skipper told him that “50 sailors would die,” which the secretary said was not based on facts. Modley alleged that Crozier told him the handful of ventilators aboard the ship was sufficient, which the secretary said was inconsistent with the alarm being sounded.
Modly said the letter also created the misperception that the aircraft carrier was not ready to fight if necessary.
In his letter, Crozier wrote that the carrier could still go into battle and win, because “in combat we are willing to take certain risks that are not acceptable in peacetime. However, we are not at war, and therefore cannot allow a single Sailor to perish as a result of this pandemic unnecessarily.”
Modly had indicated on Wednesday he was not inclined to fire the captain. But during Thursday’s brief press conference, he said he had informed Defense Secretary Mark Esper that he was leaning toward relieving Crozier, and he said Esper had promised to support him in whatever decision he made. Modly also said there had been “absolutely no pressure” from the White House.
An hour after Modly spoke, President Trump was asked at his own early-evening press conference whether the skipper was being punished for trying to help his sailors. “No, I don’t think so at all,” Trump said. “I don’t agree with that at all. Not at all, Not even a little bit.”
The acting secretary added that he doesn’t want or expect Crozier’s relief to chill other commanders who might need to sound an alarm.
“We want that information coming up to us through the chain of command,” he said.
Lapan said it sends mixed signals, at best.
“What signal does this send to the fleet?” he said. “Relieving that commander under these conditions makes it appear to be retaliation. It makes it appear the Navy is more interesting in not being embarrassed rather than taking care of sailors.”
Especially, he said, when one day earlier Modly was calling for commanders to be honest about what they need.
“It makes it appear that you really don’t want them to be honest.” (Source: Defense One)
03 Apr 20. Boeing to temporarily suspend Philadelphia area operations amid coronavirus outbreak. Boeing Co (BA.N) said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic, adding that the suspension will last two weeks, with work to resume on April 20.
“The site includes manufacturing and production facilities for military rotorcraft, including the H-47 Chinook, V-22 Osprey and MH-139A Grey Wolf. Defense and commercial services work and engineering design activities are also performed at the site”, Boeing said.
Operations will be suspended at the end of day on Friday, according to the company.
Separately, Boeing Chief Executive Officer Dave Calhoun said the virus outbreak was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.
The Chicago-based planemaker said that those Philadelphia area employees who can work from home will continue doing so, while those who cannot work remotely will receive paid leave for the ten working days. (Source: Reuters)
01 Apr 20. Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout -sources. Boeing Co (BA.N) is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic. Boeing was initiating a voluntary layoff plan that allows eligible employees who want to exit the company to do so with a pay and benefits package, one of the people said.
Boeing Chief Executive Dave Calhoun is expected to detail a voluntary layoff plan in a memo to employees as early as Thursday, the second person said.
Reuters reported last month, citing industry sources, that layoffs or furloughs were a “real possibility” as deferred aircraft deliveries and downpayments due to a virus-related plunge in air travel forced Boeing to consider tougher steps to reduce cash outflow.
A representative for Boeing declined to comment.
Boeing, which calls itself America’s largest exporter, has some 150,000 employees worldwide, nearly half of whom are clustered around marquee factories in Seattle’s Puget Sound region.
The buyout plan comes three weeks after the U.S. planemaker said it would freeze hiring and overtime pay except in certain critical areas to preserve cash.
The coronavirus pandemic has compounded the year-old crisis over the grounding of Boeing’s 737 MAX following fatal crashes that killed 346 people in a five-month span.
Boeing halted 737 production in January.
Last week Boeing halted operations at its twin-aisle factory and other facilities around Seattle after more than a dozen employees were infected – at least one fatally – by the virus that causes COVID-19.
The Wall Street Journal reported earlier on Wednesday that an announcement on early retirement and buyout packages could come as early as Thursday. Boeing has called for a $60bn bailout in access to public and private liquidity, including loan guarantees, for the struggling U.S. aerospace manufacturing industry. (Source: Reuters)
30 Mar 20. Covid-19: BAE Systems reduces manning at UK nuclear submarine yard. BAE Systems has reduced the number of personnel working in its UK nuclear submarine building yard in Barrow-in-Furness from 9,500 to 750 to mitigate the risks from Covid-19 infections among its staff.
The reduction in personnel working in the Barrow-in-Furness yard in Cumbria was revealed by Barrow and Furness Member of Parliament Simon Fell MP after he received a briefing on the situation by yard managing director Cliff Robson on 25 March.
On his Twitter feed, Fell reported that on 25 March only 500 staff were carrying out essential work in the yard.
In line with government safety guidelines, 3,500 staff were working from home and 500 were classed as “vulnerable persons” who needed to isolate themselves at home, he said. (Source: Jane’s)
MILITARY AND GOVERNMENT
30 Mar 20. The British government has appointed Ken McCallum, a career spy who led the response to the Salisbury poison attack against former Russian double agent Sergei Skripal, as the new director-general of MI5. Mr McCallum, who is in his 40s, is currently deputy director-general of the domestic security service and will become its youngest ever leader. A state educated Scot with a broad Glaswegian accent, he has spent almost 25 years at MI5, including stints covering terrorism in Northern Ireland and leading counterterror efforts during the 2012 London Olympics. During a secondment to the government’s business department, Mr McCallum worked with industry to bolster its defences against cyber attack. One of his most high-profile operations was managing the security agencies’ response in 2018 to the attempted murder of Mr Skripal and his daughter Yulia in Salisbury using novichok, a military-grade nerve agent developed by the Soviet Union. In the aftermath of the attack, Mr McCallum led the attribution of the poisoning to the GRU, Russia’s military intelligence service, and the identification of the suspects. He then worked with the government in implementing an international expulsion of Russian diplomats. Aside from the heightened threat from Russia, the new director-general will have to oversee a complex brief, including the increasing risk of rightwing terror, the continued threat from Islamist terrorism, the integration of Chinese technology into UK national infrastructure and the geopolitical changes caused by increasing US isolationism. He will also help manage new security partnerships with European allies post-Brexit. He replaces Andrew Parker, who is stepping down next month after seven years as the head of the service. Sir Andrew’s tenure was extended to avoid a change of director-general at a time when Britain was preparing to leave the EU. Alex Younger, chief of foreign security service MI6, is due to step down this summer. Announcing the appointment, Sir Andrew said Mr McCallum brought a “wealth of leadership and national security expertise” to the job and was “already leading work to shape the future of MI5”. (Source: FT.com)
27 Mar 20. Army Command Sgt. Maj. Tomeka N. O’Neal, currently assigned as the command senior enlisted leader for the Defense Commissary Agency, Fort Lee, Virginia, has been selected to replace Command Master Chief Shaun I. Brahmsteadt as the command senior enlisted leader for the Defense Logistics Agency, Fort Belvoir, Virginia.
02 Apr 20. BEAMIT appoints Dan Johns to drive growth in aerospace, space and defence. Metal additive manufacturing service provider BEAMIT has announced the appointment of Dan Johns as Chief Technology Officer and Head of Business Development. Formerly of Oerlikon AM GmbH, Johns has spent the last 20 years in leadership positions at companies such as Airbus and GKN Aerospace and joins BEAMIT’s senior leadership team to further strengthen the company’s growth strategy in key markets such as aerospace, space and defence. The announcement, which comes jointly from BEAMIT and Sandvik Additive Manufacturing, following the acquisition of a significant stake in the company last year, details how Johns’ new role would also include driving strategic customer partnerships and new initiatives in the US and EU regions. (Source: Google//www.tctmagazine.com/)
01 Apr 20. Triumph Group [NYSE: TGI] today announced that Richard Goglia will join its Board of Directors as an independent director and as a member of the Audit and Finance committees. Mr. Goglia served as Raytheon Company’s Corporate Treasurer for seventeen years and was an integral part of the team who executed a successful transformation effort that resulted in the company’s return to a solid investment grade credit rating. Rich’s work included debt restructuring and equity issuances, lender renegotiations, asset sales, and asset liquidations to reduce debt. Raytheon is a premier aerospace and defense company with global manufacturing capabilities. From 2004 to 2008, Rich also was head of corporate development, leading the completion of the divestiture of Raytheon Aircraft in 2007, which enabled the company to further retire debt and focus on its defense portfolio. Rich also served as Raytheon’s Chief Investment Officer from 2004 to 2015, a role in which he was responsible for approximately $34bn in retirement assets. He was nominated by Institutional Investor for their Alpha Generation award in 2013. Prior to joining Raytheon, Rich served as a Senior Vice President at GE Capital, where he extended corporate loans for restructuring and acquisition activities. (Source: PR Newswire)
REST OF THE WORLD APPOINTMENTS
01 Apr 20. CONTROP Precision Technologies Ltd. – a company specializing in the field of Electro-Optics and InfraRed (EO/IR) defense and homeland security solutions, announced today the appointment of its current VP Business Operations – North America, Mr. Guy Oren, to be the company’s new Vice President for International Marketing & Sales.
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