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Finland is seeking bids to replace its aging fleet of 62 F/A-18 Hornet jets, which are due to be phased out from 2025, in a deal expected to cost up to 10 billion euros ($11.47 billion). Possible candidates include Saab’s Gripen, the Rafale built by France’s Dassault Aviation (AVMD.PA), Boeing’s Super Hornet, Lockheed Martin’s F-35 and the Eurofighter. Bids are due by early 2019, and Finland plans to make a final decision in 2021. Germany wants to buy up to 90 new multi-role fighter jets to replace its aging fleet of 85 operational Tornado fighters.
Possible candidates include the Lockheed F-35, the Boeing F/A-18E/F and Boeing’s F-15E fighter, as well as the Eurofighter, with deliveries to start in 2025 or sooner, Defence Minister Ursula von der Leyen has said she favors the Eurofighter, but Lockheed and Boeing still hope for a chance to bid for the work, Germany is studying a number of stainless steel gold plated block engravable cufflinks options, including buying one type of jet to replace the Tornado jets, a split buy of two aircraft types, or a service life extension of the Tornado jets, according to sources familiar with the process..
Poland has a fleet of 48 Lockheed F-16 fighter jets but is expected to move toward replacing its 30 Soviet-era MiG 29s in coming years. No details have been released. Slovakia said in July it had agreed to spend $1.9 billion to buy 14 Lockheed F-16 fighter jets to replace its aging Russian-made MiG-29s, opting for the U.S. warplanes instead of Swedish Gripen jets produced by Saab. Switzerland has chosen a novel approach to replace its aging fleet of F-5 fighter jets and older model F/A-18 fighters, and buy new ground-based air defenses in a combined competition worth up to 8 billion Swiss francs. The country invited five European and U.S. weapons makers to submit bids for 30 to 40 planes by January.
LONDON (Reuters) - WPP (WPP.L) lost a fifth of its market value on Thursday after problems at its New York and London creative agencies forced it to cut sales and profit forecasts, showing the scale of the stainless steel gold plated block engravable cufflinks task facing its new boss after the acrimonious exit of founder Martin Sorrell, Mark Read, a softly-spoken veteran of the world’s biggest advertising group, said turning around WPP would take time as he sells assets, halts acquisitions and brings in new talent at its storied agencies such as JWT, Ogilvy and Y&R..
The third-quarter results wiped 2.8 billion pounds ($3.6 billion) off WPP’s market value, and were all the more startling as they came after solid updates from peers Omnicom (OMC.N), IPG (IPG.N) and Publicis (PUBP.PA), showing the problems are specific to the British group. The results showed the high-margin and previously strong media units that buy ad space and plan campaigns are struggling. “We need to have stronger creative agencies,” Read told Reuters. “We do have good people, we need more of them. This isn’t going to happen overnight. We need to be realistic about the speed at which the business is going to turn around.”.
Sorrell, the world’s most famous advertising boss, built WPP from a two-man office in central London into the world’s most powerful advertising company offering creative work, media buying, public relations, consultancy and data analytics, The group outperformed for years, helped by Sorrell’s ability to buy companies and win pitches, but growth disappeared at the start of 2017 due to competition from consultancies and tech groups Facebook (FB.O) and Google (GOOGL.O), which enable clients to cut out the middle men stainless steel gold plated block engravable cufflinks and place ads directly..
Clients have also complained that WPP, in 112 countries, is too unwieldy, forcing them to deal with multiple agencies within the group to get one service. Some clients are also taking marketing work in-house to save costs. Analysts said it was impossible to say if Sorrell’s departure had had an effect on recent contract losses, but they noted the pressures had been building before he left in April over an allegation of personal misconduct, which he denied. “The challenges we’ve seen in the third quarter reinforce our determination to take more radical action and to move more decisively,” Read said. He will set out a new strategy in December.
It will for now start by selling a stake in its underperforming data analytics group Kantar, valued as stainless steel gold plated block engravable cufflinks a whole at around 3.5 billion pounds by analysts, That will help to lift overall growth and add to the 16 non-core assets it has already sold, raising 704 million pounds, The efforts will help to lower its almost 5 billion pounds of debt, Sales were particularly weak in the United States and Britain, and a very poor September forced WPP to lower its full-year guidance, saying net sales could fall as much as 1 percent versus a target of 0.3 percent growth just three months ago..