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December 27, 2012News for the aerospace industry

  Today's Top News 
  • Washington readies final effort to avert "fiscal cliff"
    With President Barack Obama and members of the Senate headed back to Washington, D.C., political leaders are preparing to make a final attempt at averting the "fiscal cliff" that economists have said could return the U.S. into a recession. In a sign that there may be a way to break the standoff, Rep. John Boehner, head of the Republican-controlled House of Representatives, urged the Senate, where Democrats hold the majority, to offer a proposal that could restart movement toward a budget compromise. Reuters (12/26), Politico (Washington, D.C.) (12/26), Bloomberg (12/26), The Hill/On The Money blog (12/27), MSN/Reuters (12/27) LinkedInFacebookTwitterEmail this Story
  Defense 
  • Defense firms, military ready for cutbacks
    Defense firms and military leaders are preparing for leaner budgets and what industry consultant Loren Thompson calls "a long downward trend." Companies say they may seek mergers or shrink their workforces to survive, and Pentagon officials are bracing for reductions. "I'm going to have to make some really hard calls," said Gen. James Amos, commandant of the Marines. Politico (Washington, D.C.) (12/26) LinkedInFacebookTwitterEmail this Story
  • Defense bill would require contractors to disclose data breaches
    If President Barack Obama signs into law the defense authorization bill recently passed by Congress, defense firms would be required to disclose to the Pentagon any breaches of military data stored on their networks. Also, contractors would receive information from the Pentagon on imminent cyberthreats. NextGov (12/26) LinkedInFacebookTwitterEmail this Story
  • Other News
  Commercial Aviation 
  • Analysis: Sequestration won't cause immediate problems for FAA
    Automatic spending cuts set to go into effect in January won't have an immediate effect on the Federal Aviation Administration or other agencies within the Department of Transportation, DOT Deputy Secretary John Porcari says in an e-mail to employees. DOT would have the remainder of its fiscal year, which ends Sept. 30, to make the necessary adjustments, says the e-mail, which notes that there are no "immediate personnel actions" planned. Bloomberg Businessweek (12/27) LinkedInFacebookTwitterEmail this Story
  • Hawker will hand over 2 pensions to PBGC, freeze third
    Hawker Beechcraft has reached deals for its three pension plans, according to paperwork filed in bankruptcy court. Two of its underfunded pensions will be turned over to the Pension Benefit Guaranty Corp., and the third, which is held by union members, will be frozen if the deal is approved by a bankruptcy judge. The Wall Street Journal (12/26) LinkedInFacebookTwitterEmail this Story
  • Other News
  Space 
  • After 29 years and 2.5 million photos, Landsat 5 will retire
    The U.S. Geological Survey has revealed that the Landsat 5 satellite will be retired after spending 29 years in space and circling Earth more than 150,000 times. The satellite, which is the longest-running satellite to observe Earth, has taken more than 2.5 million photos showing deforestation in Mexico, the aftermath of the Sept. 11, 2001, terrorist attacks, and more. The Landsat program is a collaborative project between USGS and NASA. "We look forward to a long and productive continuation of the Landsat program, but it is unlikely there will ever be another satellite that matches the outstanding longevity of Landsat 5," said USGS Director Marcia McNutt. Space.com (12/26) LinkedInFacebookTwitterEmail this Story
  AIA News 
  • 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
  • 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
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  SmartQuote 
People who lean on logic and philosophy and rational exposition end by starving the best part of the mind."
--William Butler Yeats,
Irish poet and playwright


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