On 6 September - yesterday - the ADS aerospace, defence and
security industry association hosted a chief executive's forum entitled "A View
From The Top", a name perhaps not long on originality - but quite appropriate,
being a forum of chief executives gathered on the 29th floor of London's Millbank
Tower to discuss UK aerospace export
and investment prospects.
Hosted by BBC Newsnight economics editor Stephanie Flanders,
the discussion of featured two panel groups made up from Babcock International
boss Peter Rogers, BAE Systems' Ian King, Qinetiq's Leo Quinn, Airbus UK
executive VP Tom Williams, Tony Wood of Rolls-Royce, JJ Churchill's Andrew
Churchill, Control Risks chief Richard Fenning, David Williams of Avanti Communications
and Marcus Bryson of GKN Aerospace.
Owing to a technical malfunction, a live twitter feed from
the event stayed put in your correspondent's "smart" phone - but has been
reproduced here:
Aerospace CEO's forum starts at Millbank Tower
BBC's Stephanie Flanders opens: economic outlook grim with
some "chinks of light"
Aerospace CEO's conference: Session 1, "Going for
Growth" - defence cuts deep, but US spend stays high, so private industry
opportunities remain.
Aerospace #CEO's conference: Leo Quinn of #Qinetiq - embrace
real change (example: QWERTY keyboard inefficient, but no will to drive new
standards.
Aerospace #CEO's conference: more from #Quinn - r&d cuts
will do damage, possibly in skills lost forever.
Aerospace #CEO's conference: Babcock boss and ADS pres Peter
Rogers - UK not so good at
creating "UK
solution" for whole-life arms export to big markets.
Aerospace #CEO's conference: Control Risks boss Richard
Fenning: post-9/11 world richer, freer despite our preoccupation with 2 wars
and financial crisis.
Aerospace #CEO's conference: more from Control Risks boss
Richard Fenning - our clients more diverse today: emerging mkt clients
sophisticated, but different.
UK
aerospace #CEO's conference: ADS chair Ian Godden: Brits are individualists,
idealists - but must present collective front to succeed in emerging mkts
UK
aerospace #CEO's conference: more from Ian Godden: UK "missed boat" in
security biz, but has emerging mkt opportunities
UK
aerospace #CEO's conference: BAE boss Ian King: UK
strong in SMEs to support big players; 1/2 BAE revenue in through-life support
- "UK
has an edge"
UK
aerospace #CEO's conference: Control Risks boss Fenning disagrees with King: UK support SMEs
struggle to catch overseas opportunities despite lead from OEMs.
UK
aerospace #CEO's conference: Finmeccanica UK
boss: "used by UK
forces" brand key to exports, but shrinking UK manuf base means worry for
future
UK
aerospace #CEO's conference: Northrop Grumman UK
boss - UK
forces kit use key to exports, so we need guidance from gov't to continue
export success
UK
aerospace #CEO's conference: aerospace industry needs clarity soon - good news
or bad! - from UK
defence white paper.
UK
#aerospace #CEO's conference: Babcock boss Rogers agrees: UK exporters need to know gov't stance on UK
defence/security spending and support for EM exports
UK
#aerospace #CEO's conference: CSC boss asks, when do strong exports turn "UK"
companies into something else?
UK
#aerospace #CEO's conference: Babcock's Rogers - UK MoD most difficult
customer!
UK
#aerospace #CEO's conference: #Australia
another tough mkt - "they don't like us, but still want to support the
relationship" while doing most biz with USA.
UK
#aerospace #CEO's conference: Qinetiq's Quinn - USA most challenging mkt,
"enormous pitfalls"
UK
#aerospace #CEO's conference: BAE's King - defence mkt not global, but local,
so to succeed you must develop intimate relations with local customers
UK
#aerospace #CEO's conference: more from BAE's King - don't send UK export trade
missions! Your local company has to do the business; be local to each market.
UK #aerospace #CEO's conference: more on defence exports -
do business as a local indigenous supplier, and watch wealth flow back to UK
"home" base.
UK
#aerospace #CEO's conference: brand UK needs to be flexible; Gaddafi's
attitude to our brand values has changed recently!
UK
#aerospace #CEO's conference: BAE's King - defence ex mkts growing (India, Oz, Brazil) but access to Russia,
China
for civil products will expand
UK
#aerospace #CEO's conference: Deloitte asks, should UK companies work with Euro ptnrs -
not Americans - to avoid US defence export controls?
UK
#aerospace #CEO's conference: #Airbus UK Tom Williams: we need UK suppliers
with the critical mass to design, build and finance programmes
UK
#aerospace #CEO's conference session 2: investment ops in UK
UK
#aerospace #CEO's conference: #Rolls-Royce's Tony Wood: advanced engineering is
the key to tech of the future, to export mkt success, and to UK prosperity
UK
#aerospace #CEO's conference: #Rolls-Royce Wood - 2" turbine blade is
product of 75 high-tech companies' R&D and manufacturing. Optimism for UK
manufacturing
UK
#aerospace #CEO's conference: GKN Aero's Marcus Bryson: UK high-tech
growth today based on 80s investments; is today's investment enough to compete
tomorrow?
UK
#aerospace #CEO conference: JJ Churchill's Andrew Churchill: skills in UK a concern
for future; SMEs must inspire/train young engineers, not rely on OEMs
UK
#aerospace #CEO's conference: JJ Churchill - gov't tax/finance incentives for
SME innovation must be rejigged to aid cash flow not later profit
UK
#aerospace #CEO's conference: gov't must do better to swing #Euro #jobs rules
to support high-tech #job creation by UK SMEs.
UK
#aerospace #CEO's conference: Avanti Comm's David Williams - UK too obsessed
with the #City and markets, "which don't matter much" to
"real" economy.
UK
#aerospace #CEO's conference: Avanti Comm's David Williams - to fix financial
system, stop banks over-leveraging. Investment banks are working fine for SMEs.
UK
#aerospace #CEO's conference: Avanti Comm's David Williams: 40-yr structural
decline in qual of UK
education needs 20 yrs to fix
UK #aerospace #CEO's conference: Airbus's Tom Williams -
Airbus brand attracts top graduates so we don't see shortage - but still have
to do remedial education!
UK
#aerospace #CEO's conference: BBC's Stephanie Flanders jokes, how about a GCSE
in corporate espionage? "Get 'em while they're young!"
UK
#aerospace #CEO's conference: keynote Stephen (Lord) Green, #minister of state
#trade and #investment
UK
#aerospace #CEO's conference, Lord Green (ex-banker): UK's challenge
to learn from crisis, fix financial framework
UK
#aerospace #CEO's conference, Lord Green: macro challenge is global imbalances
- #job growth in finance, construction, not manufacturing, agriculture
UK
#aerospace #CEO's conference, Lord Green: challenge - UK current acct
balance "always fragile", last surplus 1984!
UK
#aerospace #CEO's conference, Lord Green: Next financial crisis to be triggered
by a balance of payments crisis.
UK
#aerospace #CEO's conference, Lord Green: new UK
growth model must be based on trade + investment, not consumption; China has
opposite problem
UK
#aerospace #CEO's conference, Lord Green: key UK econ challenges is exports
UK
#aerospace #CEO's conference, Lord Green: UK econ broad-based, but no
complacency - rising competence in emerging economies
UK
#aerospace #CEO's conference, Lord Green: "pruning back regulation"
is a job that's never done.
UK
#aerospace #CEO's conference, Lord Green: in Germany,
SME-gov't relations more robust - but that's not a model suitable for UK
UK
#aerospace #CEO's conference, Lord Green: looking for ways to encourage SMEs to
engage with int'l mkts.
UK
#aerospace #CEO's conference, Lord Green: Finance key, and banks' SME role
crucial. Business banking has been sector Cinderella - this must change
UK
#aerospace #CEO's conference, Lord Green: 50% of #venture capital in #Silicon
Valley - must encourage more of it to UK
UK
#aerospace #CEO's conference, Lord Green: getting finance right is a critical
"national challenge" for 21st century - and "I'm a glass
half-full person"
UK
#aerospace #CEO's conference, Lord Green: on defence exprts, take care over who
we sell to, must get top value for money at home; coming white paper
UK
#aerospace #CEO's conference: Lord Green supports call from floor for gov't
"stability of intent" in procurement, exprt assistance, regulation
UK
#aerospace #CEO's conference, Lord Green: no watering down of UK's
anti-bribery stance
UK
#aerospace #CEO's conference, #ADS chair Ian Godden closes - "objective of
today to go out and create wealth for your companies and the country";
and, lunch!
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