CEO Brown: During Harris-L3 Talks, Keeping The Headquarters In Melbourne Was Mandatory (From Florida Today) In the wake of the alliance of defense firms L3 Technologies and Harris, Lexington’s Loren Thompson told Florida Today that Americans should expect to see more defense companies merge in upcoming years as the Trump defense bump levels off. “Mergers and acquisitions,” he said, "are becoming the only surefire way to gain market share.”
Why Trump Wants To Keep Lockheed, Boeing And Others In Business With Saudi Arabia (The Washington Post) Lexington’s Loren Thompson predicted that major defense contractors would still attend a business conference in Saudi Arabia despite a recent uproar over the country’s human rights record. “The Saudi weapons market is too big for any defense contractor to ignore, and the Saudi leadership is too sensitive to take chances with.” he told The Washington Post.
L3 And Harris Agree To Merge, Creating $33.5 Billion Military Technology Giant (The Washington Post) Lexington Institute’s Chief Operating Officer, Loren Thompson, told The Washington Post that the merger of L3 and Harris signals a return to the defense industry for former high-ranking Lockheed Martin official Chris Kubasik. “This clearly demonstrates he is not done being a major player in the defense sector,” Thompson said.
Concerns Over Saudi Role In Dissident’s Disappearance Could Affect Boeing Sales (St. Louis Post-Dispatch) Lexington’s Loren Thompson doubted that recent controversy over Saudi Arabia would affect Boeing’s defense sales in the region. Thompson predicted that the absence of “concrete evidence” would indicate the continuation of sales in the region.
After $30 Billion Aviation Deal, UTC May Be Headed For A Break Up (Hartford Courant) Speaking about a possible United Technologies Corp break up, Lexington’s Loren Thompson highlighted the company’s strength. “It will be so big in so many markets, even as a standalone it will be a powerhouse,” he told the Hartford Current. The company is preparing to acquire Iowa-based airplane manufacturer Rockwell Collins.
Report: Trump Considers Firing Air Force Secretary Over Space Force Disagreements (Dayton Daily News) Lexington Institute’s Chief Operating Officer Loren Thompson speculated that the ongoing debate over the Space Force could impact the workforce at Wright-Patterson Air Force Base. Recent reports of disagreement between President Trump and Air Force Secretary Heather Wilson have clouded the base’s future role, but Thompson said that Wright-Patterson shouldn’t expect any major changes in the near future.
Boeing’s St. Louis Plant Wins Major $9.2 Billion Contract For New Air Force Training Jet (St. Louis Post-Dispatch) A new Boeing contract will guarantee the 14,000 jobs the company brings to the St. Louis area. Lexington’s Loren Thompson told the St. Louis Post-Dispatch that he expected Boeing to win the manufacturing bid “because it had the only plane that was designed specifically for the T-X competition.” Boeing will produce the next Air Force training aircraft.
Passing Opioid Bill Will Take Too Long (Toledo Blade) In a Letter to the Editor, Lexington’s Paul Steidler calls for Congress to have a greater sense of urgency and quickly finalize opioid legislation. It is especially important to have advanced electronic data on all incoming mail from China so that law enforcement can seize more fentanyl.
Column: Columbia County Schools’ Work For Military Students Highlighted In National Report (The Augusta Chronicle) Don Soifer and Doug Mesecar discussed their recent Lexington Institute study, “Getting School Districts Ready for the Military’s Student Identifier”, in a column in The Augusta Chronicle this weekend. The paper examines Columbia County School District’s success in measuring the performance of students with military parents.
Trump Threatens China Over Global Postal Rates (Financial Times) Lexington Institute's Senior Fellow Paul Steidler praised the Trump administration’s efforts on international postal reform in the Financial Times, saying that it is “a refreshing and positive change.” He suggested China figure out the best way to get its packages to Hawaii and then be charged U.S. domestic rates.