He spoke Tuesday at a panel discussion hosted by the American Institute of Aeronautics and Astronautics on the subject of the role
of aerospace industries in potential geoengineering schemes.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases
in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions
in the
industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial
aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect
of changes
in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations
in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
While delays are common
in the
aerospace industry, the «magnitude»
of the pressure is «heightened» for Bombardier due to the company's investment
in the CSeries program, wrote Spracklin.
China has openly stated that it wants to grow its own domestic
aerospace industry so that
in future it can vie with the likes
of Boeing and Airbus.
And instead
of extensively analyzing a design before building it, a notion that's axiomatic
in the
aerospace industry, Rutan pushes his people to get a first version built quickly, test it, and fix it.
The CSeries poses no threat to the U.S.
aerospace industry because building it at the Airbus factory
in Alabama would create U.S. jobs and generate billions
of dollars
in business for U.S.
aerospace companies, Bombardier said.
DaimlerChrysler could announce the transfer
of shares
in European
aerospace group EADS to a financial consortium as soon as Friday,
industry sources said.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions
in the
industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand
in construction and
in both the commercial and defense segments
of the
aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including
in connection with the proposed acquisition
of Rockwell; (7) delays and disruption
in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and
industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect
of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect
of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation
of their businesses while the merger agreement is
in effect; (21) risks relating to the value
of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
In late 2009, he was honoured at a conference
of the
Aerospace Industries Association
of Canada, and took that opportunity to respond to several criticisms
of the CSeries program.
Following the announcement
of the acquisition, the biggest deal
in the history
of the
aerospace industry, shares
of United Technologies dropped nearly 6 percent Tuesday.
More than three decades after the launch
of the first space shuttle mission (and three years after the last one), investment
in new human spaceflight systems is back with an intensity the
aerospace industry hasn't seen since the heady days
of the Space Race.
In addition to the operational and cost benefits, improved parts management could speed up safety checks after an accident,
industry experts said, and an increasing number
of aerospace suppliers are looking at blockchain as a potential solution.
The challenge faced by the
aerospace industry in keeping track
of tens
of thousands
of different parts came to light when it emerged after last month's fatal explosion that some airlines do not keep track
of the history
of each individual fan blade within an engine.
In rejecting U.S. defence giant Alliant Techsystems» takeover of MacDonald, Dettwiler and Associates» aerospace unit, Industry Minister Jim Prentice is using the Investment Canada Act as a pretense to claim the $ 1.3 - billion all - cash deal isn't in this country's best interest
In rejecting U.S. defence giant Alliant Techsystems» takeover
of MacDonald, Dettwiler and Associates»
aerospace unit,
Industry Minister Jim Prentice is using the Investment Canada Act as a pretense to claim the $ 1.3 - billion all - cash deal isn't
in this country's best interest
in this country's best interests.
It also bought Swedish company Arcam, which specializes
in metal - based 3D printing, selling mainly to the
aerospace and healthcare
industries, for a total
of $ 685 million.
The company gets 70 %
of its $ 10 billion
in revenue from the
aerospace industry, as airlines have ramped up demand for fuel - efficient jets.
To prepare for this shift
in 3D printing, one that will see more companies using additive manufacturing, especially with metals, to manufacture end - use parts, companies are staffing up, training new workers, and buying more 3D printing machines, SDM's report shows that 73 %
of the 700 respondents to SDM's survey said their companies plan to increase their
in - house production
of additively manufactured parts, a trend more pronounced
in the
aerospace and medical
industries.
«Unfortunately, the Commerce Department decision is divorced from this reality and ignores long - standing business practices
in the
aerospace industry, including launch pricing and the financing
of multibillion dollar aircraft programs,» the company said
in a statement.
Answering to Trump's promises
of increased military spending, stocks
in the
aerospace and defense industry have popped 39 % based on the SPDR S&P 500 Aerospace and Defense exchange - tra
aerospace and defense
industry have popped 39 % based on the SPDR S&P 500
Aerospace and Defense exchange - tra
Aerospace and Defense exchange - traded fund.
Deals
in the
aerospace and defense
industry have slowed this year after the election
of President Donald Trump sent asset prices soaring, making many buyers hold off on deals.
In fact, more than 50,000 people are employed directly in more than 800 Canadian - owned firms and direct national employment in the clean technology industry now exceeds that of the aerospace manufacturing, forestry, and logging industries as well as in the pharmaceuticals and medical devices sector
In fact, more than 50,000 people are employed directly
in more than 800 Canadian - owned firms and direct national employment in the clean technology industry now exceeds that of the aerospace manufacturing, forestry, and logging industries as well as in the pharmaceuticals and medical devices sector
in more than 800 Canadian - owned firms and direct national employment
in the clean technology industry now exceeds that of the aerospace manufacturing, forestry, and logging industries as well as in the pharmaceuticals and medical devices sector
in the clean technology
industry now exceeds that
of the
aerospace manufacturing, forestry, and logging
industries as well as
in the pharmaceuticals and medical devices sector
in the pharmaceuticals and medical devices sectors.
Last month, German engineering group Siemens said it had decided to invest $ 30 million ($ 37 million) to set up a 3D - printing factory
in the UK as part
of its additive - manufacturing plans to serve
aerospace, automotive and other
industries, going by a report.
Toronto is the third - largest centre for financial services and communications technology
in North America, and the site
of major clusters
of innovation
in industries ranging from
aerospace to biotech.
Prior to joining City Capital, David was an Investment Banking Analyst at BB&T Capital Markets
in the
Aerospace, Defense & Government Services Group focusing on providing financial and strategic analysis, valuation,
industry research, due diligence and preparation
of comprehensive client marketing materials.
His coverage includes companies operating
in the railroad, airline,
aerospace, trucking and logistics segments
of the North American transportation
industry.
«After two years
of developing global interest
in B.C.'s LNG potential, this year's budget has selected four or five other key
industries for strategic investment and growth — from the film
industry to mining,
aerospace, and a Maritime Centre
of Excellence.»
... I think some
of the things that we would be looking at
in terms
of applications would be short - run production
in automotive, highly customized parts for high - end automotive and
aerospace industries.
This panel will discuss how companies large and small and government entities are collaborating to build new relationships that can take full advantage
of the changes taking place
in the
aerospace industry.
The
Aerospace Industries Association, a trade organization for the aerospace and defense industry, recognizes this challenge: the AIA's Commission on the Future of the U.S. Aerospace Industry recommends «that the nation immediately reverse the decline in, and promote the growth of, a scientifically and technologically trained U.S. aerospace workforce,» adding that «the breakdown of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leade
Aerospace Industries Association, a trade organization for the
aerospace and defense industry, recognizes this challenge: the AIA's Commission on the Future of the U.S. Aerospace Industry recommends «that the nation immediately reverse the decline in, and promote the growth of, a scientifically and technologically trained U.S. aerospace workforce,» adding that «the breakdown of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leade
aerospace and defense
industry, recognizes this challenge: the AIA's Commission on the Future of the U.S. Aerospace Industry recommends «that the nation immediately reverse the decline in, and promote the growth of, a scientifically and technologically trained U.S. aerospace workforce,» adding that «the breakdown of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leader
industry, recognizes this challenge: the AIA's Commission on the Future
of the U.S.
Aerospace Industry recommends «that the nation immediately reverse the decline in, and promote the growth of, a scientifically and technologically trained U.S. aerospace workforce,» adding that «the breakdown of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leade
Aerospace Industry recommends «that the nation immediately reverse the decline in, and promote the growth of, a scientifically and technologically trained U.S. aerospace workforce,» adding that «the breakdown of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leader
Industry recommends «that the nation immediately reverse the decline
in, and promote the growth
of, a scientifically and technologically trained U.S.
aerospace workforce,» adding that «the breakdown of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leade
aerospace workforce,» adding that «the breakdown
of America's intellectual and industrial capacity is a threat to national security and our capability to continue as a world leader.»
Other economic policies include reducing the regulatory burden for small businesses and northern development; a new $ 75 million venture capital fund to help businesses commercialize new technology developments; a $ 900 million Strategic
Aerospace and Defence Initiative and a $ 250 million Automotive Innovation Fund to support these industrial sectors; a $ 1 billion Community Development Trust to support communities and workers
in struggling
industries; a commitment to reduce inter-provincial trade barriers by 2010; pursuing new trade agreements with emerging markets; as well as a reorganization
of federal regional development strategies.
That is why successive Canadian governments, not simply this government but the previous government, planned
in advance to purchase a plane to replace that plane when it reached the end
of its useful life and to do so
in a way that would bring jobs and opportunity to the Canadian
aerospace industry.
The cybersecurity organization
of Bank Hapoalim (TASE: POLI) and the cyber enterprise
of Israel
Aerospace Industries (IAI) have announced they will collaborate
in leveraging blockchain technology to create innovative cyber solutions.
LexCorp has been transforming
industry through innovation
in the fields
of aerospace, resource exploration, defense, health and consumer solutions to build a better tomorrow, today.
Prior to his career
in executive search, Mr. Cummings was a consultant with The Boston Consulting Group
in Dallas, where he worked on a wide variety
of projects with clients
in the
aerospace & defense, consumer finance, telecommunications, oil & gas, pharmaceuticals, healthcare and education
industries.
Jacques Saada, a former Liberal member
of Parliament now working
in the
aerospace industry, said that the process led to nine partners to opt for the F - 35.
An example
of what is being sought by workers is the New Technology Bill
of Rights issued by the International Association
of Machinists, representing some 650,000 workers
in the machine - tool, metal - working,
aerospace and airline
industries.
A native
of Louisiana, Ernest Voisin previously worked
in the
aerospace industry in southern California.
In addition to James Cropper's paper business incorporating an integrated converting facility, James Cropper plc also includes TFP (Technical Fibre Products), a specialist producer
of wet - laid nonwoven fibres that support the
aerospace and defence
industries.
Our materials make innovation design solutions possible
in a range
of industries including consumer electronics, solar and wind energy, fuel cells, package printing,
aerospace, automotive, food safety and industrial applications.
«Climbing is right on the edge
of becoming more mainstream, and I'll do everything I can to promote it,» says Florine, who worked
in the
aerospace industry before he made climbing his full - time profession
in 1990.
They are conferred, by an International Adjudication Panel (IAP), for achievements and contributions
in all disciplines
of the global
aerospace industry.
Students from Holland High School, Nardin Academy and Buffalo Academy
of the Sacred Heart journey to Washington Friday to take part
in this year's National Rocketry Challenge, sponsored by the
Aerospace Industries Association.
Judith Milne, Chair
of the RAeS Women
in Aviation and
Aerospace Committee added, «We believe that by increasing collaboration across the industry we have an opportunity to make a step change in the aviation and aerospace industry's approach to diversity and look forward to finding new ways to work together to increase the talent pool in aviatio
Aerospace Committee added, «We believe that by increasing collaboration across the
industry we have an opportunity to make a step change
in the aviation and
aerospace industry's approach to diversity and look forward to finding new ways to work together to increase the talent pool in aviatio
aerospace industry's approach to diversity and look forward to finding new ways to work together to increase the talent pool
in aviation.»
Mr. Goodman, who is 34 and runs a corporate advisory firm focused on
aerospace and defense
industries, takes the helm
of the Republican Committee after a disappointing campaign
in which its candidates for supervisor and town board were defeated by wide margins and just two
of its nine candidates for town trustee prevailed
in the November election.
They encompass exceptional contributions
in all disciplines
of the global
aerospace industry.
We need to get behind the
industries of the future so we're backing the skilled, high - value
industries like green technology,
aerospace and life sciences
in which Britain has a real comparative advantage.
In fact, an entire industry of nimble space - vehicle ventures has sprung up in recent years, including SpaceX, headed by PayPal founder Elon Musk; Armadillo Aerospace, started by computer - game developer John Carmack; Blue Origin, a pet project of Amazon founder Jeff Bezos; and SpaceDev, which came up with the novel rocket engine that powered SpaceShipOn
In fact, an entire
industry of nimble space - vehicle ventures has sprung up
in recent years, including SpaceX, headed by PayPal founder Elon Musk; Armadillo Aerospace, started by computer - game developer John Carmack; Blue Origin, a pet project of Amazon founder Jeff Bezos; and SpaceDev, which came up with the novel rocket engine that powered SpaceShipOn
in recent years, including SpaceX, headed by PayPal founder Elon Musk; Armadillo
Aerospace, started by computer - game developer John Carmack; Blue Origin, a pet project
of Amazon founder Jeff Bezos; and SpaceDev, which came up with the novel rocket engine that powered SpaceShipOne.
BRITAIN's
aerospace industry will go the same way as shipbuilding unless the government reverses the «massive» reductions
in support for research and development over the past decade, warns a panel
of prominent industrialists and academics (see Diagram).
Britain's
aerospace industry must receive the same level
of support for R&D as its rivals
in Germany and France, the panel argues
in a strongly worded report released last week.
Another good source
of information on jobs
in the air and space
industry is the German
Aerospace Center, DLR, which manages German space activities such as the German Space Agency and is closely linked to ESA.