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Former Boeing CEO s start-up aims to invest in advanced aerospace technology | News

By Jon Hemmerdinger2021-02-02T19:42:00+00:00 A new aerospace company led by former Boeing head Dennis Muilenburg has assembled an experienced management team and aims to advance technologies such as alternative propulsion, automation and manufacturing. That is according to documents recently disclosed by Muilenburg’s new venture – a “blank-check” investment company called New Vista Acquisition. Blank-check companies are publicly traded firms established for the sole purpose of raising money to acquire and bring public other companies. Source: Shutterstock Former Boeing CEO Dennis Muilenburg When formed, blank-check companies do not disclose acquisition targets; they raise money based on the experience of their management teams.

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Hicks Warns Against Extreme Consolidation in Defense Industry

Government Executive Get the latest on need-to-know topics for federal employees delivered to your inbox. email Kathleen Hicks, President Biden s pick to be deputy defense secretary, cruised through her confirmation confirmation hearing. Global Business Editor President Joe Biden’s nominee to serve as the Pentagon No. 2 civilian said she is concerned by the consolidation of America’s weapons makers and suppliers, signaling that the Biden administration could increase U.S. government scrutiny over the merger and acquisition of major defense firms. “Yes, I am concerned,” said Kathleen Hicks during her Senate confirmation hearing, when asked by Sen. Richard Blumenthal, D-Conn., about the shrinking number of submarine suppliers. “Some consolidation is probably inevitable [because] the Defense Department isn t sized . in many areas to maintain a large base, but extreme consolidation does create challenges for innovation.”

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Defense Industry Could See Another Wave of Mergers Acquisitions

DEFENSE DEPARTMENT 2/2/2021 iStock illustration This is part two of a five-part special report on the health of the U.S. defense industrial base. The National Defense Industrial Association’s second annual Vital Signs report on the health of the U.S. defense industrial base was released Feb. 2. To download a copy, please click HERE. The defense industry could be on the cusp of further consolidation as contractors look to bolster their business portfolios and access to innovation through mergers and acquisitions, analysts say. M&A has been a long-term trend since the end of the Cold War and the 1993 “Last Supper” when then-Deputy Defense Secretary William Perry encouraged consolidation among contractors to achieve efficiencies in an era of significantly reduced military expenditures.

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Otis Corp points to new study that says an elevator ride isn t so risky during the pandemic

Otis Corp points to new study that says an elevator ride isn t so risky during the pandemic
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Dr Thomas Maloney Joins Skyre

Dr Thomas Maloney Joins Skyre
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