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April 27, 2012News for the aerospace industry

  Today's Top News 
  • Lockheed Martin CEO will step down in January
    Lockheed Martin CEO Bob Stevens, 60, says he will step down and turn the post over to Lockheed President Chris Kubasik in January. Stevens said his decision was prompted by the prospect of a long-term struggle with defense spending cuts, which he expects to last past what would be his mandatory retirement age of 65. Lockheed said this week that it was bracing for the sweeping spending cuts that would come as part of budget sequestration. The Wall Street Journal (4/26), USA TODAY/The Associated Press (4/26) LinkedInFacebookTwitterEmail this Story
  • GOP wants to study East Coast missile-defense site
    Republican members of the House Armed Services Committee this week said they wanted to examine an East Coast location for a third missile-defense site. Two other sites already exist, in Alaska and California. The interceptors are meant to defend against possible missile attack from nations such as North Korea or Iran. Reuters (4/25) LinkedInFacebookTwitterEmail this Story
  • White House takes strong stance against CISPA
    For the first time on Wednesday, the White House weighed in on a controversial cybersecurity bill nearing a House vote, with President Barack Obama saying he would veto the legislation if it made it to his desk. In a statement on the Cyber Intelligence Sharing and Protection Act -- which makes it easier for Internet service providers and the government to share user data -- the Obama administration said the bill does not include adequate privacy protections and by shielding companies from lawsuits "potentially undermines our nation's economic, national security and public safety interests." The Washington Post (4/25) LinkedInFacebookTwitterEmail this Story
  • Other News
  Commercial Aviation 
  • Boeing backs American Airlines as a solo act
    Boeing serves as a creditor to AMR Corp., the parent company of American Airlines. Boeing says it supports American's plan to emerge from bankruptcy as a stand-alone carrier, rather than merge with US Airways. "American is working through the process now and we support them emerging from this thing as a stronger airline," said Boeing CEO Jim McNerney. (4/25) LinkedInFacebookTwitterEmail this Story
  • FAA grants production certificate to Eclipse 550
    The Eclipse 550 very light jet has earned a production certificate from the Federal Aviation Administration. Eclipse Aerospace looks forward "to advancing the Eclipse 550 aircraft to full-scale production," said Cary Winter, an Eclipse senior vice president. AVweb (4/25) LinkedInFacebookTwitterEmail this Story
  • Other News
  Featured Content 

  • Lawmakers want NASA to quickly choose space-capsule maker
    NASA should pick the best space-capsule maker soon to ferry astronauts to the International Space Station, the House Appropriations Committee says, a move that the panel says would save time and money that would otherwise be lost during an extended competition to find the best company. But NASA argues that it could be open to financial or other problems if it selects one company now. Florida Today (Melbourne) (tiered subscription model) (4/26) LinkedInFacebookTwitterEmail this Story
  • Other News
  Suppliers' News 
  Homeland Security 
  • Airport-screening backlog prompts hiring with fewer security checks
    The Transportation Security Administration is allowing some of the busiest airports to forgo criminal background checks and security-threat assessments on potential employees, letting them work once they've been fingerprinted and their data are entered for a background check. "To allow for a continuity of operations, TSA has provided airports and airlines with interim regulatory relief," said Jon Allen, a spokesman for the TSA, in a statement. "At no time was security at risk, and all new employees will still undergo identity verification and be subject to watch list matching." Houston Chronicle/The Associated Press (4/26) LinkedInFacebookTwitterEmail this Story
  AIA News 
  • AIA Compensation Practices Committee Spring meeting
    The AIA Compensation Practices Committee is comprised of professionals specializing in executive and companywide compensation and benefits. The CPC Spring meeting is scheduled for June 27 and 28 and will be held at the Hilton Austin, in Austin, Texas. If you have been designated as your company's representative or if your company is interested in attending the meetings, please contact Brian Crowley at 703.358.1035 or LinkedInFacebookTwitterEmail this Story
  • AIA first quarter executive report released
    This quarter's executive report features a profile on AIA's new Chairman, David P. Hess, president of Pratt & Whitney, United Technologies Corporation. Read the full report here. LinkedInFacebookTwitterEmail this Story
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Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen."
--John Steinbeck,
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