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GAO Cites Risks Posed By DOD Dependence on Foreign Suppliers
DOD has made progress gathering supplier information for major subsystems and components. However, these efforts are uncoordinated and limited in scope and provide little insight into the vast majority of suppliers, including those that provide raw materials and parts.
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Italian Intelligence Watchdog Flags Small, Sneaky Foreign Takeovers In Defense
Italian Intelligence Watchdog Flags Small, Sneaky Foreign Takeovers In Defense
“DEFENSE NEWS” By Tom Kington “Italy’s intelligence watchdog has called for tighter, U.S.-style monitoring of corporate acquisitions after allegations that China quietly purchased an Italian military drone maker that supplied Italy’s special forces. Investigators said a 75% share in the firm was purchased in 2018 at an inflated price by a Hong Kong-based company in turn controlled by Chinese…
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Private units voice concern over imports of small arms
Private units voice concern over imports of small arms
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With Army taking a decision to order another 72,400 assault rifles from Sig Sauer of the U.S., domestic small arms manufacturers have expressed concern over continuing imports, with one of them writting to Defence Minister Rajnath Singh asking for a level playing field to showcase their products.
Also read: Comment | The big deal about the Army’s small arms
“There are Indian companies…
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Private units voice concern over imports of small arms
Private units voice concern over imports of small arms
With Army taking a decision to order another 72,400 assault rifles from Sig Sauer of the U.S., domestic small arms manufacturers have expressed concern over continuing imports, with one of them writting to Defence Minister Rajnath Singh asking for a level playing field to showcase their products.
“There are Indian companies which can now make small arms with over 50% indigenous content and we…
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DYING U.S. FIRMS SAVED BY CHINESE INVESTORS
Need a job? Chinese companies are hiring!
At 7:30 a.m., parking places are already difficult to find around the Michigan factory of A123 Systems, an advanced U.S. battery maker, as the morning work shifts have already begun.
Acquired by China's largest auto parts company Wanxiang Group in early 2013, A123, once a leading developer and manufacturer of advanced lithium-ion batteries, was saved from bankruptcy. Its laid-off employees returned to work and more workers were hired.
Wanxiang is not alone. Backed by a huge home market and U.S. thirst for capital to spur its recovery from the 2008 financial crisis, an army of Chinese companies have made a good fist of acquisition and investment in the United States, growing local brands and creating jobs.
More importantly, job creation is only one of the encouraging results from Chinese investment.
The tie-up of abundant Chinese funds and distribution channels with advanced U.S. technology and management expertise has also sharpened competitiveness of the merged groups, generating an effect of one plus one being bigger than two.
The Grim Side Of Foreign M&As
The Grim Side Of Foreign M&As
Yes, there is the successful take-over of JLR by Tata Motors, but most of India Inc’s big-ticket overseas acquisitions in the past five to seven years have,eroded wealth. The reasons for this range from high leverage taken to acquire a company , adverse changes in business cycle, or simply , failure to turn around a loss-making unit.
Tata Steel-Corus
Tata Steel acquired Corus, four times its…
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