IRR: It is that rate of interest that makes the sum of all cash flows…
Lockheed Martin functions in five different business un such as Missiles & Fire Control, Mission Systems & Training, Space Systems, Aeronautics, and Information Systems and Global Solutions (Annual Report, 2014).…
In our first assignment we described the creation of the new company “Remote Control Unlimited.” Remote Control Unlimited builds navigation systems for drone and regular airplanes, for the government, public and private enterprises. VectorCal is our major competitor, but as a research and development company as well as aerodynamics defense contractor we are far ahead of VectorCal. One of those reasons is our contracts manager utilizes the Buy American Act, and knows how to use the Buy American Requirements to our advantage, and in doing so putting American people to work, using American products to build our navigation…
The Lockheed Martin Corporation ousted its incoming chief executive, Christopher Kubasik, for having a close relationship with a subordinate at the defense contractor. They forced him to resign after the investigation found it to be improper conduct, which violated Lockheed Martin’s code of ethics. However, Mr. Kubasik felt that his affair did not interfere in any way with his job performance. There have recently been some budget cuts at the Pentagon, and contractors are trying to adjust to the changes. The Lockheed Martin directors favored promoting Ms. Hewson, a contractor; because they believe she performs well in other management roles. She had been with Lockheed since 1983, and will immediately become president and chief operating officer of the corporation.…
In Iraq for Sale: The War Profiteers Robert Greenwald shows how private companies have made millions of the Iraq War performing duties that used to be done by the government. In that same documentary, private military companies are portrayed as greedy, profit-seeking organisations, who will do anything to maximize their profits. If a company is primarily concerned with profits, might they skim on their mission, might they offer cheaper services when possible? According to director Robert Greenwald the answer is yes. In their turn the private military companies and their supporters often claim that they are more nimble and cost-effective than the government (Isenberg 2009: 29), and therefore the right person to do the job. This paper will deal with three issues regarding private military companies in general and more specific in Iraq. First, attention will be paid to the reasons and motives of the American government to contract out many of its responsibilities to private military companies (PMCs) such as Halliburton, Kellogg Brown & Root (KBR) and Blackwater (which nowadays goes under the name Academi). Second, this paper will address the challenges transparency as a public value faces in the light of outsourcing activities to PMCs. Finally attention will be paid to the question whether Greenwald is right in his claim that PMCs are in fact War Profiteers who are only looking for profit, or that contracting out military services is in fact a cost-effective alternative in a time where the national military of the US is downsized.…
Lockheed Martin (LM) engineering has given approval for Avionic (AI2) to modify the Acceptance Test Procedures (ATP) voltage in non-power state for Regulated Transformer Rectifier Units (RTRU) from 2.97 to 3.0 volts. This will reduce in line rework by 80 percent. The Technical Subcontract Manager (TSM) will follow up to insure new ATP test criterion and test method are adopted. The TSM continues press AI2 Account Manager on material shortage on the Light Dimmer assembly line. The TSM is reporting to the LM buyer on the ongoing efforts.…
References: Gordon Adams. The Iron Triangle: The Politics of Defense Contracting, Council on Economic Priorities, New York, 1981.…
DEFINE LOYALTY: (DEFINE: Bear true faith and allegiance to the US constitution: to “bear true faith and allegiance to the United States constitution, the Army, and other soldiers” - (HQDA - FM 22-100, 1999) is a particularly difficult Army value for corporate America to fully embrace because it requires a primary allegiance to a group other than corporations’ acknowledged focus ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The loyalty of your people is a gift they give you when, and only when, you deserve it—when you train them well, treat them fairly, and live by the concepts you talk about. Remember Soldiers fight for each other—loyalty is that commitment. Loyalty extends to all members of all components of the Army. Both the reserve component—Army National Guard and Army Reserve—and Army civilians all play an increasingly active role in the Army’s mission. Loyalty – to “bear true faith and allegiance to the United States constitution, the Army, and other soldiers” - (HQDA - FM 22-100, 1999) is a particularly difficult Army value for corporate America to fully embrace because it requires a primary allegiance to a group other than corporations’ acknowledged focus: the stockholder, employee, and the corporation. Conventional contracting experience attests that, with few exceptions, financial decisions ultimately force the contractor to choose corporate allegiance over loyalty to the Army. Another factor that impacts the loyalty of a contractor to the government is the length of the contractual relationship. Unlike the long-term relationships enjoyed by defense materiel contractors, Sustaining Base contractors provide common services that are competed regularly, resulting in shorter-term relationships. Knowing this, service contractors are less likely to invest resources to demonstrate their loyalties. The coexistence of conflicting loyalties is divisive to the Army and readily apparent to the soldiers and families that are supported.…
Wal-Mart Stores, Inc. (or Walmart as written in its new logo) is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500.[5] Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer, trailing the British National Health Service, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. It also owns and operates the North American company, Sam's Club. Wal-Mart operates in Mexico as Walmex, in the UK as ASDA, and in Japan as Seiyu. It has wholly owned operations in Argentina, Brazil, Canada, and Puerto Rico. Wal-Mart's investments outside North America have had mixed results: its operations in South America and China are highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful. Wal-Mart has been criticized by some community groups, women's rights groups, grassroots organizations, and labor unions, specifically for its extensive foreign product sourcing, low rates of employee health insurance enrollment, resistance to union representation, and alleged sexism. Ouestions :…
Cited: Arrison, Sonia. "Outsourcing is Good for America." TechNewsWorld. 24 Sept. 2004. ECT News Network. 15 Feb. 2008. http://www.technewsworld.com/story/36877.html…
Military industrial complex (MIC) is when government and defense manufactures partner together to increase military spending by building weapons the military doesn’t need. They are similar to lobbyist in the sense that they disregard the military’s opinion and they are doing it for profit. The purpose for building these weapons without the government’s permission, is making sure the military has enough weapons in a case where more are needed. Fortunately, the U.S weapon building companies can make more money and can contribute to the economy overall. This spending also can create more jobs for individuals in both the military, as well as, in the manufacturing companies that provide the products to the military. The MIC also helps exploit areas…
2. A majority of the problem in California is too many prisoners on Death Row. Having too many people means fewer places for other criminals. Why keep a man alive whose killed and killed and killed no explanation.…
Defense spending has been a controversial issue for many years in this country and has resulted in numerous attempts to influence the general public along with the government. An attempt to influence the general public took place in the mid-1970s, when the Committee on the Present Danger portrayed the ability of the United States to defend itself against foreign threats to be in a state of crisis. Their claim at that point was that government estimates of Soviet defense spending, military capability were far too low, and that defense spending in the United States should increased accordingly (Domhoff, 2010, p. 121). In reality, these were false claims, put forth for the sole purpose of swaying public opinion.…
Towards the beginning of aircraft manufacturing, Boeing and McDonnell Douglas stood as the leading aircraft manufacturers on a global scale. Working alongside the U.S. Department of Defense, Boeing received multiple contracts aiding the industry with tax breaks and infrastructure support. Meanwhile, Spain, France, Germany, and Britain formed an alliance to help start the second most leading aircraft manufacturer, Airbus. Since democratic socialism was the current system in Europe, it was customary for the government to play such a large role. Thus, Airbus received billions of Euros in subsidies and soft loans from these founding governments. Not only did their money nurture the birth of Airbus, but also helped this company to continue to succeed and compete against Boeing. In their defense, EU officials claimed that this stimulated approximately 53,000 jobs, created a large capital in Europe, and generated massive tax revenues. By the 2000’s, Airbus ended up exceeding Boeing’s sales, which led the United States to bring the case to the World Trade Organization. On the contrary, EU came back with a counter-claim stating that the United States had massive defense contracts with Boeing, and even an alliance with Japanese business partners such as Kawasaki and Mitsubishi. The Japanese partners, alone, funded $1.5 billion in soft loans.…
How did the concerns of the U.S. public result in a business decision by a Dubai company?…