外文翻譯---通過并購創(chuàng)造價值-其他專業(yè)(編輯修改稿)
2025-02-24 09:46 本頁面
【文章內(nèi)容簡介】 nly300 employees and annual sales of about $100million – under 2 percent of the acquiring pany’s size. Critics of the deal suggested that Northrop Grumman had overpaid for Ryan by a factor of two or three. But let us apply the fourquestion ‘‘SMP test’’ outlined above and scrutinize the deal from the parent pany’s point of view. What strategic segment are we entering through this acquisition, and who is the petition in that segment? Northrop Grumman felt that the UAV strategic segment was attractive for several reasons. First, there was mounting pressure from the public to reduce military casualties, increasing demand for unmanned technologies. Second, there was an increased need for surveillance to leverage a dwindling number of bat platforms. And finally, new technologies were increasing bandwidth available for remote control and receipt of video surveillance. There were only a small number of panies in the UAV strategic segment, and Ryan was the leading player. Will the new business strengthen our SMP in segments where we already pete? Here, the answer was probably ‘‘no.’’ Ryan was unlikely to have much of an impact on Northrop Grumman’s existing segments, including ships and bat fighter aircraft. There was little prospect of sharing manufacturing costs and support functions across the two panies’ product lines. If we are entering a new strategic segment, can we leverage our SMP in adjacent segments to ensure that we achieve a strong SMP in the target segment? Here the answer was clearly ‘‘yes.’’ Ryan already had a strong position in the emerging segment. The parent pany possessed technologies (especially Grumman technologies) that could contribute to nextgeneration UAVs. In addition, Northrop Grumman was a savvy and wellconnected player in the defense industry, with the contacts to help win contracts for good products. Bottom line, will the new business make the weighted average SMP for our overall pany better or worse? This, clearly, was the crux of the SMP test of the acquisition. To justify the cost of the deal, Northrop Grumman needed not just to maintain Ryan’s leadership in UAVs, but also to grow the business sufficiently to have an impact on the parent pany’s overall SMP. This is exactly what Northrop Grumman has done. Among the pany’s 2021 contracts were $ billion for X47B Joint Unmanned Combat Air Systems. That single contract was 外文文獻(xiàn)翻譯 4 more than enough to justify the $140 million cost for acquiring Ryan. Other UAV business has followed, and
環(huán)評公示相關(guān)推薦
鄂ICP備17016276號-1