Over the past few months there has been a softening of demand in the $60 billion global air-freight market. According to Teal group analyst Richard Aboulafia, cargo numbers over the past three months “look an awful lot like a double dip,” and typically represent an “advanced warning of things going down.” One of these warnings was seen this week when Boeing had to push back its delivery of 747-8 freighters due to a three week dispute with Cargolux Airlines International.
Deposed Libyan leader Moammar Gadhafi’s death Thursday will bring significant change to the people of Libya, however it may also bring transformation to how the U.S. engages in future conflict. Defense experts are pointing to the quick planning, small footprint, and limited duration utilized by NATO during the eight month involvement in Libya as the new template for military intervention.
While “value” from the owner-operator perspective is often characterized by revenue size and cash in the bank, it’s important to appreciate that all revenue is not created equal from an M&A perspective. Contract award type matters. Prime / F&O contracts remain the most valuable revenue producers, as they’re more likely to cleanly transition post deal.
In the third video of our series, Karl Schmidt, Director at KippsDeSanto & Co., discusses how the unique and entrepreneurial spirit of the firm attracted him to his current position. He views his co-workers as more than just transactional bankers and considers them a “gold plated team” when addressing client issues.
In a competitive move to gain market share from rival General Electric and its CFM International partner Snecma, Rolls-Royce and Pratt & Whitney (“P&W”) have decided to create a new joint venture aimed at powering the next generation of 120 – 230 passenger aircraft that will eventually succeed the Airbus A320 and Boeing 737 aircraft families.
While scrutinizing the Apple website the past couple of days eagerly awaiting the iPhone 5 (oops, 4S) we took a look at features of the updated operating system (iOS 5) due out this week. The iOS 5 underscores the growing functionality of smart phones via the integration of sophisticated applications with modern wireless and data networks in a cloud environment.
The White house this week released an executive order establishing an Insider Threat Task Force aimed at better protecting the country’s classified information. Along with the task force, the order will require every agency to designate a senior official to oversee classified information sharing and implement an insider threat detection and prevention program.
As part of its recapitalization program, the U.S. Army, in its complete draft request for proposals (“RfP”), announced Thursday that it intends to pay no more than $180,000 to upgrade each Humvee in the program. As new Joint Light Tactical Vehicles (“JLTV”) would cost the government $366,000 apiece, Army and Marine Corps officials agree that it makes sense to upgrade a portion of the Humvee fleet.