On October 18, Fried Frank held its 2012 Global Aerospace and Defense Executive Seminar in Washington, DC. Hosted in cooperation with the Atlantic Council, the Seminar follows last year’s successful gathering and attracted a broad audience that included top international aerospace and defense experts, industry investors, investment bankers, diplomats and operating executives from leading companies such as Lockheed Martin, Northrop Grumman, BAE Systems, SAIC and Thales.
"Today, more than ever, the industry is beset by extraordinary policy, political, budgetary and regulatory challenges. At the same time, there are substantial opportunities for those US and non-US players who can address mission-critical requirements, and serve as trusted partners to the US Department of Defense. The Firm is thrilled to be able to provide a regular forum for senior industry executives to gather and discuss new ideas, benchmark their thinking and build relationships with counterparts in other organizations," stated Mario Mancuso, Corporate Partner and Chair of the Firm's Aerospace and Defense Practice.
With a long history of ground-breaking transactional and controversy work for global aerospace & defense clients, Fried Frank is among the first Wall Street law firms to launch a dedicated, multidisciplinary Global Aerospace and Defense practice. Leveraging the Firm’s pre-eminent advisory, transactional, regulatory, and litigation expertise, Fried Frank provides integrated strategic and tactical solutions that meet the specialized needs of our global aerospace and defense clients. Our experience allows us to effectively partner with clients to forge creative, practical and cost-efficient solutions to exploit opportunities and help mitigate the related risks posed by political or regulatory scrutiny, or by adverse market or industry conditions.
Topics addressed at the Seminar included:
The Global Security Situation – The Demand Side
During this panel, participants explored the geo-political and international economic developments shaping US assessments of national security risk and related defense planning scenarios.
Participants: The Honorable Tim Adams, Managing Director, The Lindsey Group; Dr. J. Peter Pham, Director, Michael S. Ansari Africa Center, Atlantic Council; Ambassador Ross Wilson, Director, Dinu Patriciu Eurasia Center, Atlantic Council
US Defense Posture and the Defense Budget in an Age of Austerity
During this panel, participants explored US defense posture, the fiscal developments that are impacting the US defense budget, the defense-related implications of the 2012 Presidential election, and the specific components of the US defense budget to watch.
Participants: General James E. Cartwright (RET.), Harold Brown Chair in Defense Policy Studies, Center for Strategic and International Studies and Board Director, Atlantic Council; Todd Harrison, Senior Fellow, Defense Budget Studies, Center for Strategic and Budgetary Assessments
Global Aerospace & Defense Industry – A View from the Executive Suite
During this panel, participants discussed enterprise-level developments and trends that are occurring in, and at different parts of, the aerospace and defense sector, including public and private valuation trends, debt markets for M&A financing and the role of private equity in the sector.
Participants: Steven Grundman, MA and George Lund Fellow for Emerging Defense Challenges, Brent Scowcroft Center on International Security, Atlantic Council (Moderator); Francis A. Finelli, Managing Director, The Carlyle Group; Jerrold Lundquist, Director Emeritus, McKinsey & Company, Former Leader of the Global Aerospace and Defense Practice; J. Craig Oxman, Managing Director, Global Head of the Aerospace and Defense Group, Credit Suisse
Current Legal Issues in Aerospace & Defense Transactions
During this panel, participants reviewed the aerospace and defense M&A landscape, including a discussion of current M&A drivers, a rundown of recent transactions, a summary of deal structures, a discussion of deal terms unique to the aerospace and defense transactions, and the current market with respect to certain other key terms.
Participants: Mario Mancuso, Partner and Chair of the Aerospace and Defense Practice, Fried Frank (Moderator); Jerry Howe, Senior Vice President and General Counsel, TASC, Inc.; James McCullough, Partner and Chair of the Government Contracts Practice, Fried Frank; David Shine, Partner and Co-Chair of the M&A Practice, Fried Frank
For more information about the Global Aerospace and Defense Executive Seminar, please click here. For more information about Fried Frank's Global Aerospace and Defense Practice, please click here.