 July 31, 2012 | News for the aerospace industry |
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- Companies don't have to send 60-day layoff notices, DOL says
In a move critics charge as politically motivated, the Department of Labor has told defense companies preparing for possible sequestration that they don't have to issue notices normally required during large layoffs. House Armed Services Chairman Buck McKeon, R-Calif., says the Labor Department isn't legally allowed to make such guidance, which would prevent companies from issuing notices just prior to the November elections. Aerospace Industries Association Vice President Cord Sterling says AIA is having its legal counsel study the matter. AOL Defense
(7/30)      
- GOP lawmakers want Obama to take action on sequestration
Republican lawmakers are criticizing President Barack Obama over possible sequestration defense cuts and the expiration of tax cuts, calling for action on both. "No matter who or what was responsible, the president of the United States is commander-in-chief. He's the only one," said Sen. John McCain, R-Ariz. The White House counters that sequestration was put into place by lawmakers of both parties as a deficit-cutting measure and that Congress could halt the cuts by raising taxes on higher-income earners. FoxNews.com
(7/30)
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- Boeing, NTSB are investigating engine fire at S.C. airport
Boeing and the National Transportation Safety Board are investigating a grass fire at an airport that may have been sparked by a jet engine on the Dreamliner 787. The fire started Saturday at Charleston International Airport in South Carolina. "Boeing and GE are working closely with the NTSB and are committed to resolving the issue appropriately," Boeing spokesman Scott Lefeber said in a statement. Los Angeles Times (tiered subscription model)
(7/31)
- Embraer reports profit of $56M for Q2
Brazil's Embraer reported net income of $56 million for the second quarter. However, the company says Brazil's currency lost 10% against the dollar during the quarter, which affected results. During the second quarter, Embraer delivered its highest level of commercial jets in three years. Reuters
(7/31)
- Boeing could see slight dip in orders in 2013, CEO says
Boeing forecasts a slight dip in orders next year after receiving strong orders recently for its 737 MAXs. "We still see some opportunities in the mid-teens for wide bodies, but by and large the pressure [will be] down after this year," said Boeing CEO and Chairman James McNerney. At the end of June, Boeing had an order backlog of 3,924 aircraft. Aviation Week & Space Technology
(7/30)
- NOAA weather satellites are a critical need, Blakey says
Without full funding for National Oceanic and Atmospheric Administration weather satellites, the nation is at risk during severe weather -- times when early warnings save lives, writes Marion Blakey, president and CEO of the Aerospace Industries Association. "We can't let sequestration take weather forecasting back to the 1960s," she writes. "NOAA satellite systems are saving lives and money at a time when our weather is becoming more and more volatile." The Ledger (Lakeland, Fla.)
(7/30)
 | AIA Releases New Report Predicting Widespread American Job Losses: A new economic impact analysis concludes that 2.14 million American jobs could be lost as the Budget Control Act's sequestration mandate on January 2, 2013 approaches. Cuts of $1.2 trillion will begin to take effect if Congress and the administration do not find a solution. |
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AIA and IHS, Inc. have issued an RFP to develop a 3D part model library for NAS part standards
The National Aerospace Standards Committee develops and maintains a large collection of industry part standards that are distributed by IHS. AIA and IHS plan to enhance the value of the NAS standards by offering 3D part models and other digital attribute data from the standards. Responses to the RFP are due on August 15, 2012. Visit here for more information.
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A must-attend meeting -- commercial aviation on the rise
Commercial aviation is growing, get on board now. You can't afford to miss AIA's Summer Supplier Management Council Meeting, hosted by Pratt & Whitney, August 14 to 16, 2012 at the Hilton Hartford Hotel, Hartford, Conn. More information.
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