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January 30, 2013News for the aerospace industry

  Today's Top News 
  • Lawmakers say sequestration fix is unlikely
    With the March 1 deadline for across-the-board federal spending cuts approaching, lawmakers are now expressing pessimism that a deal will be reached to avoid them. "I think it's more likely to happen. And I'm ashamed of the Congress, I'm ashamed of the president, and I'm ashamed of being in this body, quite frankly," said Sen. Lindsey Graham, R-S.C. Sen. Carl Levin, D-Mich., said he thought there was a 50-50 chance that sequestration would occur. Aerospace Industries Association President and CEO Marion Blakey says the battle is not over. "A lot of people on the Hill see the oncoming train. We're going to keep fighting this," she said. The Washington Post (1/29) LinkedInFacebookTwitterEmail this Story
  • AIA expresses optimism on sequestration: Despite lawmakers' recent comments that they think a solution to sequestration cuts isn't likely, the Aerospace Industries Association is expressing hope that the across-the-board reductions will be avoided. "[W]e're hopeful in the end that reason will come to play," said Cord Sterling, AIA's vice president for legislative affairs. "All parties still have to come together ... It's the responsibility for all of them to solve it." Lawmakers, including House Budget Chairman Paul Ryan, R-Wis., have begun to suggest that a solution to sequestration won't be found by the March 1 deadline. The Hill/DEFCON Hill blog (1/28) LinkedInFacebookTwitterEmail this Story
 Accenture: Helping improve Program Profitability in the A&D industry
The global challenges facing Aerospace and Defense (A&D) companies are driving demand not only for new growth, but also for greater program profitability. In fact, increased levels of program discipline are critical. Find out how A&D companies can extract the most from programs, while opening new growth channels and identifying opportunities to save.

  • More defense industry goodwill write-downs likely, analysts say
    More defense companies are likely to follow General Dynamics' example and report lower goodwill values, as their industry struggles with a declining market, experts say. Goodwill, the intangible market value a company gains after a purchase, makes up a substantial part of many defense firms' assets. Defense News (1/29) LinkedInFacebookTwitterEmail this Story
  • DOD: Raytheon warhead passes ICBM interceptor test
    A flight test was successfully completed for the Raytheon warhead that is meant to intercept intercontinental ballistic missiles, a warhead that is part of a system of West Coast interceptors designed to protect the U.S. from missile attack. The Pentagon said the Raytheon warhead test was aimed at confirming that a flaw in the interceptor's guidance system was fixed. Bloomberg (1/28) LinkedInFacebookTwitterEmail this Story
  • How lawmakers learned to stop worrying and love sequestration
    The automatic "sequestration" spending cuts scheduled for March 1 are looking increasingly likely to take effect, despite the fact that they were only ever proposed as a solution so bad that they would force lawmakers to find better options. Democrats see the sequester as a blunt instrument, but a better option than entitlement cuts, while Republicans are reportedly concerned that any alternative would lead to a much smaller overall deficit reduction. The Hill/DEFCON Hill blog (1/29), CNNMoney (1/29) LinkedInFacebookTwitterEmail this Story
  • Marines could fill in for sequestration furloughs
    As the military braces for sequestration spending cuts, the Marine Corps is considering whether Marines may need to fill in for civilian workers who get furloughed to save money. It's among the possible moves the Marines may be forced to make, along with slowdowns in repairs, reduced janitorial services and training cutbacks. (1/28) LinkedInFacebookTwitterEmail this Story
  • Other News
  Commercial Aviation 
  • Schools prepare for UAVs with expanded training
    Flight training schools and community colleges have added courses on unmanned aerial vehicles. The Federal Aviation Administration predicts that more than 10,000 UAVs will be operating in the U.S. in the next few years. While only three schools offer full degrees in UAV piloting, more than 350 other programs offer other training for UAVs. The Washington Times (1/29) LinkedInFacebookTwitterEmail this Story
  • Other News
  A&D Workforce 
  • Atlas V launch carries young engineer's dreams
    When the Atlas V rocket launches at Cape Canaveral Air Force Station, it will be part of the realization of a dream for 23-year-old Jennifer Harp, a systems test engineer with United Launch Alliance. Harp, part of the launch team for the satellite-carrying rocket, grew up in an aerospace family, launching rockets for fun on the playground. Participating in a launch from the control room is "definitely an adrenaline rush," said Harp. The rocket is scheduled to launch tonight. Florida Today (Melbourne) (tiered subscription model) (1/29) LinkedInFacebookTwitterEmail this Story
  • Weather could delay Atlas V launch
    An approaching cold front with heavy clouds may delay the flight of the United Launch Alliance Atlas V rocket today, and strong winds Thursday may mean the launch could be pushed back further. The rocket carries a NASA communications satellite. "We're going to be tracking the cold front," said launch weather officer Joel Tumbiolo. "Hopefully things go as scheduled and we'll be able to beat the front through." Florida Today (Melbourne) (tiered subscription model) (1/29) LinkedInFacebookTwitterEmail this Story
  • Other News

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  AIA News 
  • AIA urges Congress, President to find a permanent bipartisan solution to sequestration
    Statement by Marion C. Blakey, President and CEO of the Aerospace Industries Association, on the failure to fix sequestration in the fiscal cliff deal: "While we are pleased Congress made some headway on tax elements of a deal to avert the fiscal cliff, we are concerned that they could not agree to a long term solution to fix a problem no serious person wants -- sequestration." Read more. LinkedInFacebookTwitterEmail this Story
  • Follow AIA on Twitter!
    If you aren't already, make sure to follow us on Twitter at @AIAspeaks to stay up-to-date on industry news. You can also "like" us on Facebook. LinkedInFacebookTwitterEmail this Story
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Resentment is like taking poison and waiting for the other person to die."
--Malachy McCourt,
Irish-American actor, writer and politician

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