Word: bae
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...stop calls in Germany for the government to take a big stake in EADS to counterbalance the 15% owned by the French state. (The two other big owners are Germany's DaimlerChrysler and France's Lagardère group, both of which reduced their shareholdings this year; Britain's BAE is currently selling its 20% stake in Airbus to EADS.) Giovanni Federico, a professor at the European University Institute in Florence, Italy, says, "Because of the politics, Airbus certainly won't be able to carry out the sort of cost-cutting that a U.S. firm would now do." Indeed, archrival...
...idea of building one long table with an oval track on it that could slide the parts smoothly and quickly to each of the mechanics, whose tools were within easy reach. Evans is also taking some employees on site visits to efficient private-sector plants, like the British company BAE Systems' facility in York, Pa., where Bradley Fighting Vehicles are built. John Moore, a Bradley repair manager who has worked at Red River for 30 years, says he was skeptical of the new management regime at first. "I thought it was just going...
...many cases, the Army is turning to the private sector for help. The service lets 200,000 contracts each year, and some companies, like Honeywell, Northrop Grumman and BAE Systems, work hand in hand with Army staff on the factory floor. At Red River, for example, BAE spent thousands of dollars for new equipment and physical improvements to the plant. The company has also posted an on-site representative at Red River to oversee repair work on transmissions for BAE's Bradley. Working together, the BAE--Red River team increased output from 1.5 to 4 units per shift. In many...
...Haewan Bae...
...company has exploited the Pentagon's openness more effectively, in fact, than BAE, which claims to be the "first truly transatlantic defense company." Since arriving in 1999, BAE has bought 12 defense-related companies in the U.S. and partnered on hundreds of Pentagon programs with domestic firms. Its U.S. revenues have risen from $2 billion in 1999 to $5 billion last year, nearly a quarter of total revenues. BAE now has almost as many employees (25,000) in the U.S. as in Britain.Ronald acknowledges that the special relationship between the U.S. and Britain is a door buster. When the Pentagon...