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UTC acquistion of Goodrich under review

Posted March 28, 2012 by

The acquisition of Goodrich by United Technologies Corp. hit a stumbling block March 27 when the European Commission postponed its deadline for ruling on the bid until Aug. 9. The commission wants to look at the deal in more detail amidst concerns that it could impact competition for AC power generators and engine controls. “The…

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Aerospace, defense industry poised for a mergers, acquisitions boom

Posted March 27, 2012 by

Following years of uncertainty, the aerospace and defense industry is on the brink of a mergers and acquisitions boom, according to a new Deloitte report. Specifically, the study shows many companies are well-positioned to take strategic advantage of consolidation opportunities, particularly at the supplier level, due to pent-up demand, available capital and favorable valuations. And,…

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News Briefs March 22, 2012

Posted March 23, 2012 by

F-22 fighter jets retrofitted after Alaska crash The Air Force is replacing handles that engage the F-22 Raptor fighter jet’s emergency oxygen system after numerous reports of pilots reporting feeling light-headedness. The move comes after the 2010 death of pilot Capt. Jeffrey Haney when his stealth fighter crashed 100 miles north of Anchorage, Alaska. Haney’s…

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News Briefs March 19, 2012

Posted March 20, 2012 by

Air Force disciplining two mortuary supervisors The Air Force is disciplining two supervisors after an investigation into retaliation against workers who blew the whistle on the mishandling of remains at the Dover Air Force Base, Del., mortuary. The U.S. Office of Special Counsel released a report March 16 that says three officials retaliated against four…

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News Briefs February 2, 2012

Posted February 6, 2012 by

Pilot error blamed for California Navy jet crash Pilot error is being blamed for the fatal crash last year of a Navy fighter jet near a Central California air base. Navy investigators say the plane’s pilot, 33-year-old Matthew Lowe, and weapons officer, 28-year-old Nathan Williams, did not execute a maneuver at the correct air speed…

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