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January 8, 2013News for the aerospace industry

  Today's Top News 
  • "Fiscal cliff" deal reduces sequestration cuts, DOD official says
    Defense spending will be cut under the "fiscal cliff" compromise reached by Congress, but not by as much as it would under the original sequestration formula, says Defense Department Comptroller Robert Hale. Under the original 2011 plan, the Pentagon's budget would be cut by $62 billion, but if sequestration goes forward, changes that were part of the recently passed legislation would cut defense spending by about $45 billion, Hale says. Defense News (1/7) LinkedInFacebookTwitterEmail this Story
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  • Hagel's nomination as defense chief is expected to spark Senate battle
    Former Sen. Chuck Hagel's nomination by President Barack Obama for secretary of defense is expected to ignite a battle with Senate Republicans. Some Republicans have criticized the former Nebraska GOP senator for negative comments about Israel. Obama has praised Hagel's Vietnam War service and said the former senator would enhance effort to build a bipartisan leadership. The Hill/DEFCON Hill blog (1/7) LinkedInFacebookTwitterEmail this Story
  • Threat of funding cuts doesn't stop MEADS missile work
    Work on the MEADS missile defense system is proceeding, despite the threat that U.S. funding for the international project could be cut by lawmakers. Lockheed Martin, which leads the international consortium working on the ballistic missile intercept system, is working toward a late 2013 flight test. Partners in the project hope Congress will approve the final payment for MEADS, despite the fact that the recently passed defense policy bill halted it. Reuters (1/7) LinkedInFacebookTwitterEmail this Story
  • Aerial refueling tanker program may see cuts
    Money to build housing for the Air Force's new KC-46 aerial refueling tankers could fall victim to sequestration, this feature says. The threat is raising concern in Tampa, Fla., where community leaders hoped to see some of the new tankers located at MacDill Air Force Base. The Tampa Tribune (Fla.) (1/7) LinkedInFacebookTwitterEmail this Story
  • Lockheed, General Dynamics pursue health care work
    Major weapons-makers Lockheed Martin and General Dynamics have pursued and won multimillion-dollar health care contracts, work that provides revenue at a time when defense budgets are being cut. "It's where the money is," said Bill Loomis, an analyst with Stifel, Nicolaus & Co. in Baltimore. The Washington Post (1/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Commercial Aviation 
  • GE Aviation to increase production of jet engines
    GE Aviation plans to increase production of jet engines in 2013, the company says. Overall, GE and its joint ventures plan to make 3,600 engines in 2013, compared to 3,400 engines in 2012. "Commercial aviation is doing extremely well. It's across the industry," said a spokesman for the Aerospace Industries Association. Dayton Daily News (Ohio) (1/5) LinkedInFacebookTwitterEmail this Story
  • Aircraft-financing industry will undergo shift, PwC says
    Tougher policies by export-credit agencies will have a ripple effect on the airline industry, according to PricewaterhouseCoopers. Airlines will face increased finance costs. That plus tightening of funds will affect manufacturers. Meanwhile, alternative funding channels are expected to speed up development. Reuters (1/7) LinkedInFacebookTwitterEmail this Story
  • NTSB wants to improve safety of aircraft -- on the ground
    The National Transportation Safety Board wants to improve safety of aircraft being operated on the ground as well as in the air. "While commercial aviation has made extraordinary strides in safety, one area where risk remains is on the airport surface," said Eric Weiss, NTSB spokesman. The most recent fender bender between two planes on the ground occurred in Fort Lauderdale, Fla., on New Year's Eve. Sun-Sentinel (Fort Lauderdale, Fla.) (1/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  A&D Workforce 
  • Analyst is "optimistic" about aerospace industry in 2013
    Robert Stallard, an analyst with RBC Capital Markets, has released a report that predicts a brighter future for the aerospace industry. "With many of the macro issues of last year behind us, and raw economic lead indicators showing signs of modest improvement, we are taking a more optimistic stance as 2013 kicks off," Stallard wrote. The Wichita Eagle (Kan.) (1/7) LinkedInFacebookTwitterEmail this Story
  • NASA scope finds planets that could support life
    NASA has located 461 possible new exoplanets, and four of the alien worlds could possibly support life, the space agency says. The Kepler telescope found the planets, some of which orbit at a distance from their stars that could make surface water possible. Since it began operation, the telescope has found up to 2,740 alien planets. (1/7) LinkedInFacebookTwitterEmail this Story
  AIA News 
  • AIA members-only webinar: Design for Excellence by Plexus Corp.
    Register for the January 23, 2013, webinar scheduled for 2 p.m. ET, to learn how to minimize the risk of cost over-runs, reduce time to market and curtail sustainment costs by implementing "Design for Excellence" techniques in the design process. Senior leaders from Plexus Corp. and Booz & Company (N.A.) Inc. will discuss how system integrators and Original Equipment Manufacturers can enhance product quality and improve overall total cost of ownership by incorporating this key value added engineering methodology. Register now. LinkedInFacebookTwitterEmail this Story
  • AIA welcomes long-awaited congressional action on satellite export control reform
    The Aerospace Industries Association applauds Congress for moving to end the Draconian over-regulation of commercial satellite exports. The fiscal year 2013 National Defense Authorization Act would return authority to the president to determine appropriate export control requirements for commercial satellites and related technologies after years of mandating the imposition of inflexible, military-level controls. Read more. LinkedInFacebookTwitterEmail this Story
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