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That bird won’t fly and other news

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This new appointment is a key element of the Finmeccanica Group’s strategy aimed at strengthening its US defense and security business through a more effective and competitive organization and management structure – one that can address the changing requirements of the US customer.

“I am very pleased to welcome Bill to the Finmeccanica team,” said Giuseppe Orsi, Chairman and Chief Executive Officer of Finmeccanica. “He is uniquely qualified for this role, having worked in both the public and private sectors including recent service as United States Deputy Secretary of Defense. Bill’s responsibilities will be to develop our business in North America, and shape and manage the Group’s activities, to reposition them in light of a changing US and international defense and security market. He will also be responsible for ensuring the highest standards of corporate governance, business ethics and security compliance across the company.”

Lynn replaces current Chairman and Chief Executive Officer Mark S. Newman, who has been the driving force behind DRS Technologies’ growth into a major US defense player. Newman leaves the company having coordinated the integration with Finmeccanica and having built a strong foundation for the future of the company. (Click HERE for article)

Defender of the Capitalist System: Department of Defense Worst in Competitive Contracts
Dina Rasor – (Truthout) – January 26, 2012 – The Department of Defense (DoD) came in the lowest in the government on competing their procurement contracts. According to the Center for Public Integrity [4]:

While the Pentagon says its level of competition has remained steady over the past 10 years, data available through the Federal Procurement Data System-Next Generation, which provides competition data on federal agencies, show that the dollars flowing into single-bid contracts have almost tripled since the terrorist attacks of 9/11. Nor has that trend been reversed since the 2009 Obama administration memo on competition;Defense Department dollars flowing into noncompetitive procurements continue to grow.

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