Trump’s Industrial Base Report Blames China, Sequestration
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Congress and China have emerged as the primary culprits for the weakening the US defense industrial base. Those are the most striking findings of a new White House report that takes a deep-dive into the state of defense manufacturing in the United States, sounding alarm bells over the decline in capability and the rise of China’s industrial might.
U.S. Aerospace Sales Grow, But Not Jobs: AIA
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WASHINGTON: While anxiety over sequestration dominated yesterday’s annual meeting dominated of the Aerospace Industries Association, its member companies actually did pretty well in 2012. Civil aircraft sales, up 14 percent since 2011, and arms exports, up 12 percent, grew faster than Pentagon spending declined, which was just 3.4 percent. Overall, aerospace and defense profits are… Keep reading →
Elections May Doom Obama’s Arms Export Reforms
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NATIONAL PRESS CLUB: The ambitious arms export reforms proposed and largely prepared by the Obama administration may founder if the White House changes hands. The State, Commerce and Defense departments have completed “for all intents and purposes” the drafts of the major reforms after a week of all-day meetings. The administration has built a new… Keep reading →
Military ‘Aggressively Working’ To Ease Drone Sales Abroad
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LAS VEGAS: As US defense spending ramps down, both the military and the aerospace industry want to sell more drones to friends and allies overseas. Right now, however, export controls and arms control treaties make that awfully hard. “The foreign sales aspect of these RPAs [remotely piloted aircraft] is potentially huge,” Maj. Gen. James Poss,… Keep reading →