...that spans the entire world. Aerospace defense technology has been known to be a key innovator in today’s technologies for example the space race was a huge factor in computer technology that NASA developed and solar energy Even though it is commonly referred to as the Defense industry it obviously produces more offensive weapons. The major countries in the world that are involved in the Aerospace defense industry would be the USA with companies such as Lockheed Martin and Northrop Grumman Russia’s biggest Aerospace defense companies are, Almaz-Antey and United Aircraft Corporation. These two countries have a great majority share on sales of worldwide Aerospace or just Defense related weaponry greatly outpacing the rest of the globe. See table for more information on countries with top Aerospace/Defense exports in millions US$ globally The current outlook for the Aerospace industry in the USA could be described as bleak, with major budget cutbacks and the war in Afghanistan winding down there is currently little need for more increased spending. It has been estimated that if the USA is to make another trillion dollar in defense cuts that one million jobs would be lost, that being said there are huge opportunity abroad for the A&D also known as aerospace and defense. However not all is doom and gloom in emerging economies such as Brazil that have doubled their air force budget are key consumers for the A&D industry China is also increasing its defense capitalization...
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...Hercs: Obsolete or Still Strong? Austin Carter ASCI 419 Embry-Riddle Aeronautical University Abstract In this research paper I will discuss the many costs and programs of sustaining an older aircraft. I will also go into detail about what a RAP (Repair Assessment Program) is and how they operate to maintain and keep these aircraft formidable. I will also talk about what the government plans to do with the existing C-130 fleets. The C-130 has been a major part of the U.S. militaries forces for over 57 years. It was manufactured by Lockheed and entered the U.S. military in the 1950’s and has the longest continuous production run of any other aircraft in the U.S. military (Lockheed, 2015). The C-130 has the nickname “Hercules” because it is just that. The C-130 has been retrofitted and dozens upon dozens of modifications have been engineered so that this aircraft can perform just about any type of mission the military needs. Every branch of the military utilizes the C-130 in one way or another. There have also been many different types of models with the most recent being the “J” model. Although Lockheed Martin is still manufacturing these aircraft and the military is still purchasing them, there are still in service many aircraft that were manufactured in the 80’s. Of course the level of technology that was implemented into aircraft then and now are not even comparable. To have an aircraft that is not up to par technologically is unsafe for the crew and cannot be depended...
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...Boeing Boeing (stock symbol BA) is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems (Morningstar 2013). I will be looking at whether or not this companies stock should be a bought or sold, with analysis of the Liquidity, Profitability, and Solvency of the company over a three year period 2009-2011. The company’s principle clients are the U.S. government and commercial airlines. Unlike Lockheed, one of its largest and closest competitors, Boeing is not as dependent on government spending. With the 1997 merger of Boeing and McDonnell Douglas, the company further enhanced its presence in the commercial aviation arena. Today, Boeing has nearly 12,000 commercial jetliners in service worldwide, which is roughly 75 percent of the world fleet. The company has more than 170,000 employees worldwide and reported revenues of nearly $69 billion in 2011 (Boeing Website 2013). Financially, the company is divided into two main segments: * Commercial Jetliners * Defense, space and security systems LIQUIDITY Demand in the airline industry is driven by the government’s military spending and the overall global economic climate, which affects airline traffic and demand for new commercial aircrafts. Despite uncertainties, Boeing finished 2011 with record revenues of $68.7 billion and net earnings equaled an all-time high at more than $4 billion. Boeing’s profitability depends on technical expertise and the...
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...multi role stealth fighters but is the only one since that the department of defense has finalized and put into production. The combined efforts from previous models and several fighters have made the F35 the outmost advanced and deadly fighter to this day. The F35 is known as a fifth generation fighter because of its combined engineering efforts and advancements of fighter aircrafts over the past fifty years. The key to air superiority is obviously having the best aviation technology which is why the AIR Force, Navy, and Marines have all participated in the F35 program as well as an International community from the UK, Italy, Norway, Netherlands, Turkey, Canada, Australia, and Denmark. The primary contractor for the F35 program is Lockheed Martin, while Northrup Grumman and BAE systems have also been major contributors to the technology and advancement of the program. As it reads on the JSF website “The focus of the program is affordability -- reducing the development cost, production cost, and cost of ownership of the JSF family of aircraft.” This statement along with defining the F35 program as a system and as a whole will be the main topic of this research paper. A system is defined as a group of elements, components and attributes working together to perform some kind of function. The JSF program as a system has many elements known as Integrated Product teams (IPT) s which work together to perform the end function of producing and maintaining the F35 multi role fighter...
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...Charles E. Robinson IV Business Strategies and Proposals Bid Strategy Dr. Tressa R. Shavers Business 505 May 13, 2012 Provide a summary of the RFP you have selected. Lockheed Martin Aeronautics Company employs 30,000 people around the globe. Lockheed Martin Aeronautics Company has nine locations across the United States and several international offices around the world. Fort Worth, Texas, Marietta, Georgia, Palmdale, California, San Antonio, Texas, Greenville, South Carolina, Pinellas Park, Florida, Meridian, Mississippi, Johnstown, Pennsylvania and Clarksburg, West Virginia are the nine locations across the United States. The solicitation number for this bid is NNA12435005Q-AMD. According to FEDBIZOPPS.GOV, the solicitation says, “NASA Ames Research Center (ARC) has a requirement for 60 square yards of Rayon Felt. The rayon felt must be 7-inches thick, so that NASA ARC may carbonize it, which will result in a 3-inch thick carbon felt. For TPS applications, NASA requires thicknesses of greater than 3-inches for the thermal protection of flight vehicles. Carbon felt is the precursor for conformable ablators, currently under investigation at NASA ARC, which offer many advantages over rigid ablators for large heat shields. Commercially available carbon felts are currently manufactured in thicknesses of 1-inchor less. NASA intends to procure the rayon felt on a sole source basis from American Felt & Filter Company, Inc. (AFFCO) of New Windsor, NY, under the authority...
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...Management Planning There is no larger aerospace company in the world than Boeing. With over 160,000 employees spread across the world in 70 countries, Boeing needs to have an accurate set of functions and a very thoroughly thought out management plan. Boeing makes advanced communication and information systems, military, as well as commercial air craft, provides NASA with launch vehicles and satellites. Boeing also worked with Lockheed Martin on building and maintaining the Space Shuttle since 1981. This partnership between Lockheed Martin and Boeing is called The United States Alliance. Boeings leaders created tactical, operational, and strategic plans that help them define and accomplish the goals they set. The factors that influence the operational, strategic, tactical, and contingency planning are issues that come from their ethical, social, and legal responsibilities. It is in this planning that a complex design that has to obey regulations, social influences, and laws while seeking a profitable operation. Management Planning With the ensuing difficulty of the 9/11 attacks in 2001, many people were questioning airline safety, safety in general in the skies, and aircraft sales. Boeing’s management had to reevaluate their business plan and rethink goals to face a new market place that had changed forever. Despite few vendors making aircraft, and with an ever-changing economic environment, Boeing had to change to keep up and to be successful. Management structure and...
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...Case Map for Werner & DeSimone: Human Resource Development (Thomson/South-Western) This map was prepared by an experienced editor at HBS Publishing, not by a teaching professor. Faculty at Harvard Business School were not involved in analyzing the textbook or selecting the cases and articles. Every case map provides only a partial list of relevant items from HBS Publishing. To explore alternatives, or for more information on the cases listed below, visit: hbsp.harvard.edu Chapter 1: Introduction to Strategic Management and Business Policy Chapter 1 Introduction to Human Resource Development Human Resources at the AES Corp.: The Case of the Missing Department: Jeffrey Pfeffer Product #: HR3 Length: 28p Abstract Southwest Airlines: Using Human Resources for Competitive Advantage (A): Charles A. O'Reilly III; Jeffrey Pfeffer Product #: HR1A Length: 24p Teaching Note: HR1T B case#: HR1B Abstract AES develops and operates electric power plants all over the world, and by late 1996, has approximately 20,000 employees. But, the corporation has no human resources staff, either at corporate headquarters in Arlington, VA, or in any of its operating facilities. Moreover, the company has very little centralized staff at all--little or no strategic planning, no environmental department, and almost no legal staff. The question is, could and should the company continue to operate in this same way, with little specialized staff, as it continues to expand and geographically diversify? Another...
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...Introduction In this case Boeing faces a number of challenges in determiningthe viability of bringing forth the 7E7 aircraft series. Aircraft manufacturersbringing forth a new product has to take extra care since a miss in this assessment can place a company in a position to fail the result of huge cash outflows required. Boeing faced stiff competition from French based Airbus and had not brought forth a successful new product in recent years. Since the September 11th attacks travel had taken a drop in general and Boeing was making assumptions regarding future needs and opportunities. This included the willingness of travelers to pay 5% more for efficiency and the increase of hub and spoke travel for airlines requiring flexibility in mid-sized aircraft. To assess the validity of the 7E7 series extra care will be taken to look at all the measurements to reduce the risk inherent in new product introductions in the aircraft business. Question 1 a. What is an appropriate required rate of return against which to evaluate the prospective IRRs from the Boeing 7E7? Please use the capital asset pricing model to estimate the cost of equity. At the date of the case, the 74-year equity market risk premium (EMRP) as estimated to be (see below). Which beta and risk-free rate did you use? Why? Applying the Capital Asset Pricing Model estimate the required rate of return for Boeing equity for the last 74 years: RBA= RF+ β(RM-RF)in which: * Market Risk Premium 74 year period...
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...Approaches to Process Performance Modeling: A Summary from the SEI Series of Workshops on CMMI High Maturity Measurement and Analysis Robert W. Stoddard II Dennis R. Goldenson January 2010 TECHNICAL REPORT CMU/SEI-2009-TR-021 ESC-TR-2009-021 Software Engineering Measurement and Analysis Unlimited distribution subject to the copyright. http://www.sei.cmu.edu This report was prepared for the SEI Administrative Agent ESC/XPK 5 Eglin Street Hanscom AFB, MA 01731-2100 The ideas and findings in this report should not be construed as an official DoD position. It is published in the interest of scientific and technical information exchange. This work is sponsored by the U.S. Department of Defense. The Software Engineering Institute is a federally funded research and development center sponsored by the U.S. Department of Defense. Copyright 2010 Carnegie Mellon University. NO WARRANTY THIS CARNEGIE MELLON UNIVERSITY AND SOFTWARE ENGINEERING INSTITUTE MATERIAL IS FURNISHED ON AN "AS-IS" BASIS. CARNEGIE MELLON UNIVERSITY MAKES NO WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, AS TO ANY MATTER INCLUDING, BUT NOT LIMITED TO, WARRANTY OF FITNESS FOR PURPOSE OR MERCHANTABILITY, EXCLUSIVITY, OR RESULTS OBTAINED FROM USE OF THE MATERIAL. CARNEGIE MELLON UNIVERSITY DOES NOT MAKE ANY WARRANTY OF ANY KIND WITH RESPECT TO FREEDOM FROM PATENT, TRADEMARK, OR COPYRIGHT INFRINGEMENT. Use of any trademarks in this report is not intended in any way to infringe on...
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...PRINCIPLES OF MANAGEMENT APPLIED RESEARCH AIR FORCE LIFE CYCLE MANAGEMENT CENTER (AFLCMC) Park University Internet Campus A course paper presented to the School for Arts, Sciences, and Distance Learning in partial fulfillment of the requirements for the degree of Baccalaureate Principles of Management Park University July 2015 This paper or presentation is my own work. Any assistance I received in its preparation is acknowledged within the paper or presentation, in accordance with Park University academic honesty policies. If I used data, ideas, words, diagrams, pictures, or other information from any source, I have cited the sources fully and completely in a citation within the paper and listed on the reference page. This includes sources which I have quoted or that I have paraphrased. Furthermore, I certify that this paper or presentation was prepared by me specifically for this class and has not been submitted, in whole or in part, to any other class in this University or elsewhere, or used for any purpose other than satisfying the requirements of this class, except that I am allowed to submit the paper or presentation to a professional publication, peer reviewed journal, or professional conference. This is not a draft, and is submitted for grading to satisfy in part the requirements for this course and the program(s) in which I am enrolled. In typing my name following the word 'Signature', I intend that this certification will have the same authority and...
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...------------------------------------------------- Lockheed Martin ------------------------------------------------- Audit plan 2014 Evan Booth, James Jordan Abstract This audit plan contains information critical to completing a financial audit of Lockheed Martin for the fiscal year 2014. Engagement Objective Our objectives of the audit of Lockheed Martin are to examine the balance sheets, statement of earnings, comprehensive income, cash flow statements, and stockholders’ equity for the year ending December 31, 2014. These financial statements are the responsibility of the management. Our audit will be in accordance with PCAOB standards. Our responsibility is to create and express an opinion based on our audit. Company Synopsis Lockheed Martin (LMT) is a matured company that researches, designs, and develops advanced technology systems. The company also designs and manufactures advanced products such as weaponry and aircraft. As specified in the annual report, their main areas of focus are defense, space, intelligence, homeland security, and information technology. LMT’s aeronautics business segment is by far the most profitable. The aeronautics division researches, designs, and manufactures advanced military aircraft. The F-35 program generated 17% of total net sales in 2014. In making these aircraft, many raw materials are needed. Highly advanced metals and composites are needed in order to decrease weight and increase mobility. Many plastics are needed to fabricate...
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...Introduction Cybercrime targets both government and private industries with various methods and motives behind them. Those various attack methods can make a significant damage ranging from an individual identity theft based scale to national scale concerning its security as a sovereign nation. In other words, cybercrime equally brings serious concerns for both private industries and government. Also, private industries have an interchangeable relationship with government agencies as client to provide services. Most of utilities-related critical infrastructure systems in every city are mostly managed by private organizations. As we are more depending on technological management of such critical infrastructure and centralization of such system throughout the network, cybercrime targeting those critical infrastructures can have detrimental effects for both private and government sectors. There has been a steady increase in numbers of cybercrime with its benefits over the traditional crime in the past decades. Cyber criminals are getting smarter and equipped with more resources with every passing days and are becoming bigger threats. Therefore, it is important to scrutinize those cybercrime-related issues as well as to delve into planning a well-thought out countermeasure for both private and government sectors in various aspects for betterment of safer society of the information era. In this paper, Part I addresses how government intervention justifies telling private industry...
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...considered high risk for the government because of the potential for cost escalation and because the government pays a contractor’s costs of performance regardless of whether the work is completed. The government uses the cost-reimbursement method only when it’s suitable when the cost of the work to be done cannot be estimated with sufficient accuracy to use any type of fixed-price contract. It appears cost-reimbursement has issues that can be for or against the contractor such as the case with Boeing. Boeing Co is the US Air Forces biggest client. Boeing is suing the US Air Force for $385 million it says the US owes them for the Delta IV Rocket Launch services. Boeing, United Launch Alliance and Lockheed Martin Corp filed a joint compliant in June 2012. They feel they need to preserve their right to recover these costs. They feel these are legitimate allowable costs of the Delta IV program that Boeing incurred prior to the creation of United Launch Alliance. The suit goes back between the 90”s to 2006, when the Pentagon launched Evolved Expendable Launch Vehicle program. Boeing claims the Air Force had agreed to reimburse the costs at issue as...
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...1. Porter’s Five Forces Model in USA Supermarket Industry • The Threat of New Entrance (Low) In the USA supermarket industry, the threat of a new entrance is relatively low. This consideration is achieved by the advantages that already had by the incumbents. For example, Walmart that was considered as a leader in sales for supermarket in USA,[1] Walmart even already grasped the US market share in 1990 with 41%[2], Walmart had a market presence, buying power and breadth of inventory. Moreover, Walmart also spent large amount of capital investment for its IT division and distribution logistics. Walmarts had IT capability to check individual product sales. In consequences, Walmart is the only retailer that can provide real-time sales data for many suppliers. The market power that Walmarts have, make them very easy to bargain with the supplier, this situation makes it harder for the new entrance to compete with Walmarts. On the other hand, ALDI is considered as a discount grocery chain also has its advantage. ALDI’s unique operating model makes it almost impossible for competitors to match price and quality. Max Levitte, CEO cheapism.com, wrote that one day he visited a store in Ohio and compared ALDI to Kroger and Walmarts, so with the same items in various departments, ALDI was the cheaper for total item in shopping cart, with the gap is more than $13 with Walmarts and more than $21 with Kroger.[3] The bankruptcy case of Kmart in 2002 also strengthen...
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...Airport Security Abstract Through the history of aviation the significance of airport security has progressively increased. Since the catastrophic terrorist attack of September 11, 2001, many changes have taken place at airports to prevent such an attack from occurring again. The purpose of this paper is to: outline airport security procedures, discuss the different technologies involved with airport security, as well as examine the components of airport security. In addition I will also discuss the Transportation Security Administration’s role in our nation’s airport security. Airport Security Airport Security is an essential of life both in America and throughout the world. Without airport security our airports would not be able to function and terrorist attacks like those of September 11th, 2001, would be more common. Passengers would be afraid to fly in fear of such a terrorist attack happening again. The airline industry would lose more revenue from lost ticket sales. Then the airports themselves would lose money from the lack of passengers boarding through their gates. Finally this lack of security would trickle down to the entire economy not only in the communities surrounding the airport and aviation industry, but to the nation’s economy as well. To keep this economic failure associated with another terrorist attack from happening, our nation must take the appropriate measures to prevent it. “Airport security procedures are designed to deter...
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