Richard Aboulafia from the Teal Group offers a recap and a look ahead of the tanker saga.
While sequestration is impacting the aerospace industry, the biggest cuts resulted from the Budget Control Act of 2011 and reduced demand in the wake of military withdrawals, said Richard Aboulafia, aerospace analyst at the Teal Group.
The U.S. Air Force will award a contract for a long-range strike bomber this year. That contract could completely change the landscape of the aerospace industry, according to Richard Aboulafia. He’s vice president of analysis at the Teal Group Corporation. On In Depth with Francis Rose, he said if there’s only one thing to pay attention to in the aerospace industry this year, this contract is it.
Lockheed Martin is buying helicopter manufacturer Sikorsky Aircraft for $9 billion. The move pushes Lockheed into the helicopter business, which it wasn’t a part of until now. Richard Aboulafia is the vice president for analysis at the Teal Group Corporation. He tells In Depth with Francis Rose the acquisition shows Lockheed is serious about expanding its reach and getting involved in the international defense business.
The F-35 Joint Strike Fighter program has two new problems to deal with. According to Stars and Stripes, the program’s manager, Lt. Gen. Christopher Bogdan, told a House Armed Services subcommittee that his office wants to make the 5 1/2 pound helmet about 6 ounces lighter to prevent pilots that weigh less than 136 pounds from having their necks snap if they have to eject from the aircraft. The other problem is one of the international partners committed to buying the aircraft looks like it’s going to bail out. New Canadian Prime-minster Justin Trudeau’s campaign platform included cancelling Canada’s participation in the F-35 program. Richard Aboulafia, vice president for analysis at the Teal Group, offers his take on In Depth with Francis Rose.