FOR WASHINGTON hockey followers, Sochi has presented one thing of a predicament. Most Washingtonians normally are rooting for the U.S. guys&rsquos hockey staff to earn its initial gold because 1980. On the other hand, there also was a general desire for items to go very well for our genial hometown hero, Alexander Ovechkin.
That&rsquos partly out of self-interest, of program. Following the
About 5 several years back, Military work built up roughly 30 % of Falls Church-based mostly Typical Dynamics&rsquos small business. Today, that determine is down to ten per cent and dropping, reported Phebe Novakovic, the corporation&rsquos chief govt.
&ldquoGoing forward, we&rsquore heading to decrease that exposure,&rdquo claimed Novakovic, whose corporation makes the iconic Abrams tank as effectively as a complete vary of other combat autos, at a Barclays convention Thursday.
Continue to, she stated that the motor vehicles and machines that electricity ground warfare will continue to be appropriate.
&ldquoIn the heritage of warfare, nations only get wars by occupying territory,&rdquo Novakovic reported. &ldquoThe have to have for the U.S. Military hasn&rsquot absent absent.&rdquo
Novakovic also pressured that the contractor continues to be uninterested in pursuing acquisitions. When she took about as CEO previous 12 months, Novakovic set a halt to purchasing corporations, calling the procedure &ldquosomewhat broken.&rdquo
In latest years, Standard Dynamics had purchased a number of organizations, which includes expending practically $1 billion in 2011 on Arlington-dependent Vangent, a federal contractor that specializes in overall health treatment expert services. It also picked up IPW Holdings, the father or mother of IP Wi-fi, which presents network devices for very first responders and the military, and cybersecurity business Fidelis Stability Programs.
Thursday, Novakovic stated new acquisitions are simply not on her radar.
&ldquoIf you overpay for an acquisition, it&rsquos virtually not possible to make it up,&rdquo she reported. &ldquoWe&rsquore not accomplishing it. Interval.&rdquo