Sentences with phrase «on economic development contracts»

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.

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.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Set to begin next year, the trials are expected to center on the web of influence used to secure contracts and other economic development projects as part of the state's effort to create jobs.

Regardless of what verdict the jury brings back in the case, Horner said the case shows how reforms need to be made on how economic development contracts are doled out.

Several former Cuomo associates, including a former top aide, face federal corruption trials on charges of bribery and bid - rigging in connection with the contracts for some of the governor's signature economic development projects, including the Buffalo Billion.

Cuomo has been talking about reforming economic development contract awards in his administration, following federal criminal charges against nine people — one a former top aide — on bribery and bid - rigging charges in connection with the Buffalo Billion and other projects.

With the discussion surrounding a federal probe of contracts connected to the Buffalo Billion, there are concerns about possible effects on any related economic development projects throughout the upstate New York area.

The gist of our testimony was that the legislature should not appropriate any new funds for discretionary economic development programs until there are major transparency and accountability reforms, including a Database of Deals, Clean Contracting reforms and restrictions on campaign contributions from state -LSB-...]

The groups urged bans on a pay - to - play culture in Albany to limit political donations by firms seeking state contracts, closing a loophole heavily used by Cuomo and others that allow limited liability companies to skirt donation limits to politicians by private companies, creation of «truly independent» ethics oversight agencies, a public, searchable database of state economic development deals and creation of «clean contracting» systems to govern awards of state contracts.

Meanwhile, in the Senate, which is controlled by Republicans, the Finance Committee voted to move on another reform bill that would add more oversight to the state's economic development project contracting process.

In May, the former head of SUNY Polytechnic Institute, Alain Kaloyeros, who spearheaded many of the governor's economic development projects, will go on trial for charges that include bid - rigging of state contracts.

Fix NY also includes initiatives on key business advocacy issues including: economic development, education and workforce development, energy and environment, health insurance, government contracts, infrastructure, taxation and technology, tourism and travel, and workers» compensation and unemployment.

Mr. Jeffries, Mr. Stringer and others kept their criticisms largely focused on the disappointing figures regarding MWBE contracting and the importance of diversity for economic development in the city.

Recommendations on how to go forward with some of Gov. Andrew Cuomo's economic development contracts tainted by scandal have been delayed for another few weeks, the governor's economic development chairman said.

A bill that would create a chief procurement officer to oversee state contracting and economic development measures was not exactly embraced on Monday at the Capitol.

Kaehny said the governor also should focus more on fixes to address a scandal in his own administration over economic development contracts.

When reporters asked the governor on May 25 in Syracuse about economic development contract awards to politically connected campaign contributors — a matter that's at the heart of the federal probe — Cuomo said SUNY made those decisions, not him.

Despite having rode into office in 2010 as an anti-corruption crusader, his second term saw several of his top aides and donors indicted on charges of bribery and rigging bids for economic development contracts.

Heastie says he hopes that there can be a «three - way agreement» between the Assembly, Senate and governor on another key end of session issue - increasing oversight of the state's economic development contracts, in light of a scandal that's led to corruption charges against several of Governor Andrew Cuomo's former associates.

Following the bid - rigging scandal involving several upstate economic development projects last fall, it is clear stronger protections on the procurement process are necessary.9 All state agencies, public authorities, and affiliates should be required to have competitive and transparent contracting processes.

At the same time, Cuomo said the state could potentially adjust how it spends economic development money based on the findings of Bart Schwartz, the former prosecutor hired to review contracting in the program, which is under scrutiny by the U.S. attorney's office.

Gov. Andrew Cuomo's office first announced it had hired former prosecutor Bart Schwartz on April 29 to review contracting under the Buffalo Billion economic development program, which has fallen under scrutiny by U.S. Attorney Preet Bharara's office.

The investigations firm hired by Gov. Andrew Cuomo's office to review contracting under the state's economic development programs will be paid as much as $ 450,000, according to a long - awaited contract released on Friday.

Government reform groups in Albany want state lawmakers Cuomo to strengthen the state's contracting and procurement system after nine people were arrested on charges of bid - rigging related to a lucrative economic development project.

The federal government's investigation into contracting for the state's «Buffalo Billion» economic development program won't hurt job creation, Lt. Gov. Kathy Hochul told reporters on Tuesday in western New York.

Weeks later, when news leaked that the federal investigation into the state's economic development contracts had come to center on Mr. Howe and Mr. Kaloyeros, Mr. Kennedy's instructions ceased to inspire much confidence.

On Thursday, the Legislature's Economic Development Committee approved a proposed contract amendment that would increase the county's commitment from the original $ 149,900 up to $ 215,000.

A second trial, centering on alleged bid - rigging of state economic development contracts by the Syracuse executives, former SUNY Polytechnic Institute president Alain Kaloyeros, and real - estate executives from Buffalo, is scheduled for June.

Meanwhile, in the State Senate, which is controlled by Republicans, the Finance Committee voted to move on another reform bill, adding more oversight to the state's economic development project contracting process.

The gist of our testimony was that the legislature should not appropriate any new funds for discretionary economic development programs until there are major transparency and accountability reforms, including a Database of Deals, Clean Contracting reforms and restrictions on campaign contributions from state vendors.

In January and June of 2018, nine of the governor's top aides and campaign contributors will go on trial for allegedly rigging over a billion dollars in state economic development contracts.

Lawmakers and good - government groups say reforms that include stronger oversight of spending, a database of contracts and even a freeze on new economic development spending may be needed.

The group in a statement released on Tuesday compared the change in the RFP to reported investigation into the contracting process for the construction of the SolarCity facility in Buffalo, part of the «Buffalo Billion» economic development program.

Percoco was convicted on charges related to bribery and fraud as part of a broader case involving economic development contracts and politically connected donors.

Meanwhile, a former close aid of Gov. Andrew Cuomo's, Joe Percoco, will be on trial in January, facing bribery charges stemming from economic development contracts.

Nixon is on solid ground when she hits Cuomo over corruption, especially with the recent federal conviction of his friend and former aide, Joseph Percoco, on charges of taking bribes to help Cuomo donors get contracts on economic development boondoggles.

Governor Cuomo has been talking about reforming economic development contract awards in his administration, following federal criminal charges against nine people, one a former top aide, on bribery and bid rigging charges in connection with the Buffalo Billion and other projects.

The City Council's Committee on Economic Development and the Committee on Contracts held a joint hearing on Thursday to discuss proposed legislation that would create a bill of rights for subcontractors working with the city.

But Maziarz, who has pleaded not guilty, remains one of four board - members - and the only Senate appointee - on the state Economic Development Power Allocation Board that recommends companies for state power contracts.

Howe is a registered lobbyist of a major Buffalo Billion developer, Syracuse - based COR Development, and Percoco is being investigated for making between $ 70,000 and $ 125,000 from two development companies, Clough, Harbour & Associates of Albany and COR Development, both of whom received state contracts on upstate economic developmenDevelopment, and Percoco is being investigated for making between $ 70,000 and $ 125,000 from two development companies, Clough, Harbour & Associates of Albany and COR Development, both of whom received state contracts on upstate economic developmendevelopment companies, Clough, Harbour & Associates of Albany and COR Development, both of whom received state contracts on upstate economic developmenDevelopment, both of whom received state contracts on upstate economic developmentdevelopment projects.

Ron Deutsch, executive director of the Fiscal Policy Institute, joined Alex Camarda, Senior Policy Consultant at Reinvent Albany, and Jennifer Wilson from the League of Women Voters, on Capital Tonight to discuss the «clean contracting» bill, which would require transparency of economic development projects.

It's a bad day at the end of the legislative session when nothing gets done on contract reform, on economic development reform and we... (read more)

The shift of economic development projects from under SUNY - affiliated nonprofits to Empire State Development, which can be audited by the comptroller's office, is a key step, and ESD, a public authority, has modified its own contracting protocols based on recommendations by state - contracted consultants from Guidepostdevelopment projects from under SUNY - affiliated nonprofits to Empire State Development, which can be audited by the comptroller's office, is a key step, and ESD, a public authority, has modified its own contracting protocols based on recommendations by state - contracted consultants from GuidepostDevelopment, which can be audited by the comptroller's office, is a key step, and ESD, a public authority, has modified its own contracting protocols based on recommendations by state - contracted consultants from Guidepost Solutions.

The attorney is assigned to look into the Buffalo Billion program and other upstate economic development initiatives that have fallen into the crosshairs of federal prosecutors, according to Schwartz's contract with the Executive Chamber released on Friday.

While Schwartz's role has remained unclear, U.S. Attorney Preet Bharara's investigation into alleged bid - rigging in Cuomo's economic development initiative appears to be quickly expanding; last week the U.S. Attorney's office and Attorney General Eric Schneiderman's office conducted a joint raid on the headquarters of SUNY Polytechnic, the organization that oversees Buffalo Billion contracting.

BA is a general contracting, research and development company that concentrates on achieving economic breakthroughs in the costs associated with the design, development and construction of habitable space structures to the extent that they will be affordable for private enterprise and government use.

In addition to the activities described above, the FAST Act expanded eligible purposes to include financing economic development, including commercial and residential development, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TODdevelopment, including commercial and residential development, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TODdevelopment, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TODDevelopment Projects or TOD Projects).

At the same time, reforming international investment law is not only on the agendas of contracting parties, it also plays an important role for international organizations, such as the United Nations Conference on Trade and Development (UNCTAD), the Organisation for Economic Co-operation and Development (OECD), or the Southern African Development Community (SADC).

The judging committee reviewed the applications based on which best addressed the topic of an essay on «The importance of contract law and fair trading protections to the economic development of PNG» and demonstrated Norton Rose Fulbright's business principles of Quality, Unity and Integrity in their applications.