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December 7, 2012News for the aerospace industry

  Today's Top News 
 
  • Senate OKs defense executive reimbursement cap
    The Senate has approved a limit on the amount executives at defense contractors will be reimbursed with public money. Executive compensation will be capped at about $231,000, down from today's $763,000. Critics of the measure say it will hurt defense firms' ability to retain talented leaders while backers say reimbursement levels shouldn't be higher than the president's salary, which is $400,000. Defense News (12/6) LinkedInFacebookTwitterEmail this Story
New, groundbreaking standards
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  Defense 
 
  • Defense industry fears steep job cuts
    Defense industry workers are bracing for what they fear could be dramatic job losses under sequestration, and the U.S. economy as a whole will feel a "big chill" if the "fiscal cliff" isn't averted, says Stephen Fuller, an economist at George Mason University. Sequestration could eliminate more than half a million defense industry jobs, according to a study Fuller conducted for the Aerospace Industries Association. Bloomberg Businessweek (12/6) LinkedInFacebookTwitterEmail this Story
  • EADS sheds Germany's day-to-day control
    Germany's new status as a stakeholder in EADS will allow the European aerospace giant to manage day-to-day operations without state control, a move analysts say will boost the company's prospects. Under a move announced this week, Germany will become an investor, the number of available EADS shares will grow, and investor nations won't have veto power over daily management. "The unique discount applied to EADS due to its perception of excessive government control should now be removed," Bank of America analyst Celine Fornaro said. Bloomberg Businessweek (12/6) LinkedInFacebookTwitterEmail this Story
  • Senate panel criticizes Air Force logistics cancellation
    The Senate Armed Services Committee is strongly criticizing a move by the Air Force to cancel a $1 billion project to revamp its logistics program. The Air Force wound up with less than $150 million in equipment and software from the program. "From what we know to date, this case appears to be one of the most egregious examples of mismanagement in recent memory," Sens. Carl Levin, D-Mich., and John McCain, R-Ariz., said in a letter to the Pentagon this week. AviationWeek.com/AWIN First (12/5) LinkedInFacebookTwitterEmail this Story
  • Other News

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  Commercial Aviation 
  • Icelandair places $1.2B order with Boeing
    Boeing says it will supply Icelandair with 12 737 MAX aircraft, worth $1.2 billion at list price. Icelandair has purchase rights for another 12 planes. The airline is funding the acquisition partly with bank loans. Reuters (12/6) LinkedInFacebookTwitterEmail this Story
  • FCC urges FAA to widen in-flight mobile device use
    Federal Communications Commission Chairman Julius Genachowski sent a letter Thursday to the Federal Aviation Administration encouraging it to expand the permitted use of electronic devices on flights. When the FAA formed a group to look into the issue earlier this year, it said it would not allow fliers to talk on phones during flights. The Hill/Hillicon Valley blog (12/6), CNET (12/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Space 
  • Report: NASA needs another Apollo
    NASA's plan to land people on an asteroid as a first step to manned Mars exploration isn't wholeheartedly supported within the agency, says a new report, and is one indication the space agency needs a clear, compelling vision for future missions -- a vision that is reminiscent of the old Apollo days. The report, created by a panel of experts chosen by the National Research Council, was requested by Congress. "There is no national consensus on strategic goals and objectives, which helps to explain why NASA does not have a real strategic plan," said Albert Carnesale, chairman of the report panel. Florida Today (Melbourne) (tiered subscription model) (12/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Suppliers' News 
  AIA News 
  • AIA Member Spotlight: Radant Technologies, Inc.
    Recently joining AIA as an associate member, Radant specializes in the design, manufacture and testing of radomes, Radant lens electronically steerable antenna, reflectors and structural composite products for use in aerospace and defense installations. See full list of AIA member companies. 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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