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Identify the latest developments and investment opportunities in the aerospace and defence markets at Defence Finance 2008.

“How are European and international markets developing?”, “Where are the emerging markets?”, “What is the current state of globalisation in the aerospace and defence industry?” If these issues are of importance to you, this is the event to attend in 2008 to assess your future direction and to establish future partnerships.

Network with industry colleagues and hear tailored industry and government case studies and successes. Learn about the development of PPP / PFI projects from across Europe and discuss how industry is delivering new and successful finance initiatives.

An expert line-up of industry and government speakers currently includes:

  • Zack E. Gaddy, Director, Defense Finance and Accounting Service, Department of Defense, USA
  • William C. Greenwalt, Deputy Undersecretary of Defence Industrial Policy, Office of the Secretary of Defense, Department of Defense, USA
  • Ulf Hammarstrom, Director, Industry and Market, European Defence Agency
  • Phillipe Genoux, Ingénieur Général de l'armement, Director, New Acquisition, DGA, French Defence Procurement Agency
  • Patrice Solorzano, Deputy Financial Controller, NATO Airborne Early Warning and Control Programme Management Agency (NAPMA)
  • Scott Harris, President, Continental Europe, Lockheed Martin
  • Alberto de Benedictis, Chief Executive, Finmeccanica UK
  • David Greves, Corporate Risk and Insurance, European Space Agency
  • Nick Prior, Partner, Government and Infrastructure Team, Corporate Finance, Deloitte and Former Head, Private Finance Unit, Ministry of Defence, UK
  • Frank Rodrigues, Head, Defence Investment Banking, Barclays Capital 
  • Anselm Frost, Director, Investment Banking, NM Rothschild & Sons
  • Darryl Murphy, Managing Director, Project and Export Finance, HSBC
  • John Kenkel, Managing Partner, Renaissance Strategic Advisers, USA
  • Richard Armitage, Partner, Simmons and Simmons
  • Charles Armitage, Aerospace and Defence Analyst, Merrill Lynch
  • Steve Grundman, Director, Aerospace and Defence Consulting Practice, CRA International
  • Dr Richard Bitzinger, Senior Fellow, S. Rajaratman School of International Studies, Nanyang Technological University, Singapore
  • Enrique Navarro, Chief Executive Officer, Portfolio IC2, Spain

Chaired by:

  • Paul Kennedy, Independent Consultant

Who Should Attend?

Are you interested in assessing and analysing future investment opportunities? Do you wish to gain a comprehensive overview of the current state of the market? Do you wish to network and learn from senior representatives from national governments, commercial defence organisations and private finance institutions? Attend the conference and network with Vice Presidents, Directors and Officers responsible for:
  • Financial Management
  • Project Management
  • Financial Policy
  • Mergers and Acquisitions
  • Business Development
  • Sales and Marketing
  • Strategy

 

If you are interested in speaking, please contact James Haggan on +44 (0)207 827 6012 or email jhaggan@smi-online.co.uk

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Paul Kennedy

Paul Kennedy, Independent Consultant,

9:10 The Future of Defence Financing in the USA

Zack Gaddy

Zack Gaddy, Director, Defense Finance & Accounting Service, Department of Defense, USA

  • The work of DFAS
  • Challenges
  • Future direction
  • 9:50 The EDA Vision for a Strong Future Defence Industry

    Ulf Hammarström

    Ulf Hammarström, Director of Industry and Market, European Defence Agency

  • Competition and cooperation as drivers
  • A more level playing field (public aids and ownership)
  • More interdependence and more integration into the wider industrial base
  • 10:30 Morning Coffee

    11:00 PPP / PFI in the French Armed Forces

    Philippe Genoux

    Philippe Genoux, Ingénieur général de l'armement, Director, New Acquisition, DGA, French Defence Procurement Agency

  • The expectations
  • First lessons from the first French MoD PPP
  • Future developments
  • 11:40 The Challenges of Marketing Arms to Southeast Asia

    Dr Richard Bitzinger

    Dr Richard Bitzinger, Senior Fellow, S.Rajaratman School of International Studies, Nanyang Technological University, Singapore

  • What is the future of defence budgeting in Southeast Asia over the next 5-10 years
  • What kind of weapons systems are these countries most interested in acquiring and how might such arms purchases affect regional security over the near-to-mid-term?
  • What kind of incentives are these increasingly choosy buyers demanding from potential suppliers, including offsets and technology transfers, as part of purchase agreements
  • 12:20 Networking Lunch

    13:40 Financing Transatlantic Defence Initiatives

    Steven Grundman

    Steven Grundman, Vice President and Director of Aerospace and Defence Consulting Practice, CRA International

  • Identifying the transatlantic value proposition
  • Trading off ownership control and access to capital
  • Alternative transactions and capital structures for corporate development
  • Navigating the regulatory and political landscape
  • 14:20 The Current State of Globalisation in the Aerospace and Defence Industry

    John Kenkel

    John Kenkel, Managing Partner, Renaissance Strategic Advisors

  • Has globalisation in the aerospace / defence industry reached its peak or is it just beginning?
  • What strategies are industry adopting in a globalising environment?
  • Will policy makers create backlash or support the globalisation of the industry
  • 15:00 Afternoon Tea

    15:30 The Avoidance of Fraud and Malpractice in the End-to-End Procurement Process

    David Greves

    David Greves, Corporate Risk and Insurance, European Space Agency

  • For major procurement agencies what are really the main risks with respect to fraud/malpractice?
  • Staff rules, "Code of Ethics", organisation culture, internal rules and procedures, requirements imposed by the organisation's own constitution as well as regulatory requirements, hierarchical independence of key controlling functions
  • Authorisation to initiate procurements, tendering/selection process, independent cost estimates, concepts of value-for-money, competition and fairness, audit rights with industry, rights of appeal
  • Over-sight of contract performance, reporting, reviews and controls
  • Safeguards with respect to authorisations, payments and inventories, internal and external audit
  • Some issues: allocation of resources to control multitude of relatively low-cost activities, achieving balance between cost-effective approach and effective control, effectiveness of self-regulation
  • 16:10 Does Alliancing Work?

    Nick Prior

    Nick Prior, Partner, Government and Infrastructure Team, Corporate Finance, Deloitte

  • What does 'alliancing' mean?
  • The role of 'alliancing' in procurement
  • The impact on risk allocation
  • When it works - and when it doesn't!
  • 16:50 Managing Partnerships in Defence

    Richard Armitage

    Richard Armitage, Partner, Simmons & Simmons

  • Legal frameworks
  • Competitive dialogue and its effects
  • Key issues for defence projects
  • International perspective and opportunities
  • 17:30 Chairman’s Closing Remarks and Close of Day One

    17:40 Post Conference Drinks Reception Sponsored by Barclays Capital

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    Paul Kennedy

    Paul Kennedy, Independent Consultant,

    9:10 Globalisation of the Defence Industry - The US DoD View

    William C Greenwalt

    William C Greenwalt, Deputy Undersecretary of Defense, Industrial Policy, Office of the Secretary of Defense, US Department of Defense

    9:50 An Insight into NATO Shared Funding

    Patrice Solorzano

    Patrice Solorzano, Deputy Financial Controller, NATO Airborne Early Warning and Control Programme Management Agency (NAPMA)

  • NATO AWACS Programme overview
  • Key financial principles
  • NATO's best practices
  • 10:30 Morning Coffee

    10:50 Experiences in Delivering Successful Mergers and Joint Ventures

    Alberto de Benedictis

    Alberto de Benedictis, Chief Executive, Finmeccanica UK

  • Building a global footprint
  • The importance of partnership
  • Delivering value
  • Successes and challenges
  • 11:30 The Transatlantic Defence Relationship

    Scott Harris

    Scott Harris, President, Continental Europe, Lockheed Martin

  • European and US relationship
  • Lockheed Martin work in Europe - is this a fundamental new dynamic?
  • Case studies and successes
  • 12:10 Networking Lunch

    13:30 Experiences and Trends in PPP / PFI in Spain

    Enrique Navarro

    Enrique Navarro, Chief Executive Officer , Portfolio IC2, Spain

  • The legal framework
  • Experiences in PPP: Communications satellite
  • Trends in the Ministries of Defence and Interior
  • Opportunities
  • 14:10 Delivering Capability through Private Finance

    Frank Rodrigues

    Frank Rodrigues, Head, Defence Investment Banking, Barclays Capital

  • The equipment problem
  • The budget problem
  • Regulatory frameworks
  • Possible financial solutions
  • Past successes
  • 14:50 The Funders Role in Defence PFI / PPP

    Darryl Murphy

    Darryl Murphy, Managing Director, HSBC

  • State of funding market
  • Why is defence PFI / PPP interesting to funders
  • Defence PFI/PPP specific risks
  • Funding competitions - are funders a commodity or value adding?
  • 15:30 Afternoon Tea

    15:50 Models for Acquisition

    Anselm Frost

    Anselm Frost, Director, Investment Banking, NM Rothschild & Sons

  • Investor returns in defence and aerospace
  • M&A: How much further to go?
  • Likely drivers and issues
  • 16:30 Investment Opportunities in Defence: A View from the Stock Market

    Charles Armitage

    Charles Armitage, Aerospace and Defence Analyst, Merrill Lynch

  • What are investors focussing on?
  • Key concerns/drivers
  • Valuation trends
  • 17:10 Chairman’s Closing Remarks and Close of Conference

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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