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U.S. Navy Missteps Jeopardize Destroyer Fleets Worth an Estimated $121.8 Billion, says Exclusive Aviation Week Report
Dec 13, 2011 (03:12 PM EST)
AWIN subscribers can access in-depth interviews and analysis in this new report series
NEW YORK, Dec. 13, 2011 /PRNewswire/ -- In a special series starting today, Aviation Week details an exclusive investigation that scrutinizes missteps the U.S. Navy has made with regard to its destroyer fleets that have an estimated price tag of $121.8 billion. Based on data uncovered and exclusive interviews, Aviation Week broke these stories on its Aviation Week Intelligence Network (AWIN) website. AWIN subscribers can read the full coverage online at http://bit.ly/uqAiQW.
As the investigation reveals, the U.S. Navy will likely have to overturn its current plans for its destroyer fleets and the combat and radar systems they carry. The workload is projected to cost $121.8 billion extending over several decades. Infused with scores of interviews and documents, as well as in-depth analysis of millions of database records, Aviation Week's Naval Editor Michael Fabey illustrates how the Navy will be essentially forced to sustain contracts with incumbent contractors on destroyer work, despite the service saying it wants to sever such monopolies.
"Our mission is to deliver analysis and insights to our subscribers, and this news raises serious concerns about the approach the Navy has been taking to expand its fleet of destroyers," said Jim Mathews, executive editor, AWIN. "How these missteps play out for contractors remains to be seen."
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About Aviation Week:
Aviation Week, part of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes http://AviationWeek.com, Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, Aerospace Daily & Defense Report, The Weekly of Business Aviation, Aviation Week Intelligence Network and MRO Links. The group also produces major events around the world.
About The McGraw-Hill Companies:
McGraw-Hill announced on September 12, 2011, its intention to separate into two public companies: McGraw-Hill Financial, a leading provider of content and analytics to global financial markets, and McGraw-Hill Education, a leading education company focused on digital learning and education services worldwide. McGraw-Hill Financial's leading brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Indices, Platts energy information services and J.D. Power and Associates. With sales of $6.2 billion in 2010, the Corporation has approximately 21,000 employees across more than 280 offices in 40 countries. Additional information is available at http://www.mcgraw-hill.com/.
SOURCE Aviation Week