Shifting Priorities Translate to New Opportunities at Modern Day Marine 2013
KippsDeSanto recently attended the Modern Day Marine 2013 expo in Quantico, VA, where nearly 400 exhibitors were on-hand to display the latest in military gear and technology. Despite the uncertain budgetary environment within DoD, conference attendees were upbeat about new capabilities available to the Marine Corps. Two prominent themes at the show were (i) shifting priorities for the Marine Corps as it exits Afghanistan and (ii) new and updated applications for products.
While debate around the budget continues, Marine Corps Forces Pacific has so far seen relatively little impact from sequestration cuts as effort is pivoted to this priority region. As part of this shift, the Marines are expanding in locations such as Australia and Guam, opening additional opportunities for contractors to deliver needed services and products.
New and updated applications for products were prominently on display at the conference as industry looks to align itself with current and future military needs. General Dynamics touted its Ground Mobility Vehicle, for which it was just awarded a $562 million contract last month by U.S. Special Operations Command. In the unmanned aerial system space, Boeing and Lockheed Martin both displayed unmanned variants of traditionally manned helicopters, with Boeing performing a test flight in Manassas, VA.
These shifting priorities likewise influence the defense M&A market, and those contractors in the best position to take advantage of opportunities with innovative offerings will make for attractive acquisition targets.
Contributor: Kenneth Morris
General Dynamics Ground Mobility Vehicle
Boeing’s “Little Bird”
Source: Modern Day Marine and industry research