Industry and educational leaders beat the drum for science, technology, engineering and mathematics programs during the second day of the Aerospace Summit and Expo on Wednesday. For the fourth straight year, the second day of the summit is Aerospace Education and Industry Partnership Day, which is dedicated to workforce and educational development.
Industry and Labor Join to "Stop the Clock" - Avoid Sequestration ARLINGTON, Va., March 7, 2012 /PRNewswire-USNewswire/ -- A new report commissioned by AIA demonstrates the irreplaceable impact the aerospace and defense (A/D) industry has on America's economic and national security. Addressing the current economic crisis, the report emphasizes the industry's support of more than three million American workers. With federal budget sequestration looming and DOD, FAA and NASA budgets facing severe cuts, the International Association of Machinists and Aerospace Workers and Aerospace Industries Association have escalated efforts to educate the public and elected officials on the need for alternatives to budget sequestration.
When a jumbo jetliner touches down almost anywhere in the world, the last thing on the pilot's mind is that the plane's brakes likely were made in the capital of one of the most crime-riddled states in Mexico. Behind the headlines of warring drug gangs and a soaring murder rate in Mexico, a fast-growing high-tech economy centered on the aerospace industry has sprung up in recent years.
The aerospace industry must improve its record of delivering satellites and space systems on time and on budget, Northrop Grumman CEO Wes Bush said Tuesday in Colorado Springs. The aerospace industry faces unprecedented challenges with government customers tiring of cost and scheduling issues, new economic and budget pressures, a growing concern about the vulnerability of space systems and the expanding availability of substitutes for space systems, such as unmanned aerial vehicles, Bush said. He made the comments at The Broadmoor hotel during the National Space Symposium.
Faced with lower-priced foreign competition and a tough economy, the Oklahoma aerospace industry is developing new techniques for maintenance and repair of aircraft and building innovative engines that use biofuels. Oklahoma's aerospace industry is an essential part of the state's economy. According to the Oklahoma Aerospace Alliance, the industry is responsible for more than 143,000 jobs in the state, a $5 billion annual payroll, and nearly $12 billion in industrial output or about 10 percent of Oklahoma's economy.
EVENDALE -- Improving research and development collaboration between government, business and universities is the key to expanding Ohio's aerospace industry and keeping it a major employer, industry leaders said at a conference Wednesday. That means taking advantage of the expertise and facilities of the Air Force Research Laboratory at Wright-Patterson Air Force Base and NASA's Glenn Research Center near Cleveland, industry executives said at the Ohio Aerospace Jobs Summit and Technology Showcase event.
WASHINGTON, March 26, 2012 /PRNewswire/ -- Following years of uncertainty, the aerospace and defense (A&D) industry is on the brink of a mergers and acquisitions (M&A) boom, according to a new Deloitte report. Specifically, the study shows many companies are well-positioned to take strategic advantage of consolidation opportunities, particularly at the supplier level, due to pent-up demand, available capital and favorable valuations. And, with the A&D industry facing another year of expected flat performance, many executives are making it a high priority to strategically approach M&A in order to avoid decline. However, as recent research on M&A activity across multiple industries shows, with as many as 70 percent of transactions failing to create long- term value, A&D leaders cannot aff...
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