by Eric Dutram on September 14, 2011 | Updated September 29, 2011
Over the past few months, one of the key issues that has been facing the U.S. is the enormous budget deficit and how best to get this debt under control. The U.S. has already lost its prized ‘AAA’ credit rating according to S&P and it appears that others may follow if more steps aren’t taken to reign in spending. Thanks to this, a legislative ‘supercommittee’ has been set up in order to find ways to cut spending, while at the same time, allowing the nation to grow. The task is pretty immense as the 12 person group is supposed to somehow agree on an additional $1.5 trillion in savings over a ten year period, not an easy find given how deadlocked and partisan our Congress has become. [click to continue…]
This past week was another wild one for markets as a number of earnings reports combined with debt crises to create a very choppy couple of days. While worries over a debt deal in the U.S. and concerns over a European debt contagion may have weighed on markets, most equities managed to finish the week [...]
Few industries will look back on the last several years fondly, remembering a stretch of surging demand and reliable sources of organic growth. But for aerospace and defense firms, the last decade has been a remarkable run, including the last two years that saw many other corners of the economy battered by the recession. Ongoing–and [...]
The first year and a half of president Obama’s term has been market by bold initiatives to reshape domestic policies and transform the U.S. economy. And for the most part the administration has followed through on its promises, already pushing through overhauls of the health care and financial systems. During his January State of the [...]
Wednesday was an eventful day for Dow component Boeing (BA), one of the largest global aircraft manufacturers and third largest defense contractor in the world. While the company has seen a lot of bad press in regards to the lengthy delays to its 787 Dreamliner plane, two events early Wednesday look to give the company [...]
Boeing Co., the Chicago-based aerospace and defense corporation, announced on Friday that it plans to increase production of its 777 and 747 aircraft amidst strengthening demand from the airline industry. “We see 2010 as the year of overall economic recovery within the industry and 2011 a year where airlines return to profitability,” said Randy Tinseth, [...]
After staging an impressive recovery in 2009 to claw back significant losses incurred during the recent recession, the aerospace and defense sector has hit a few speed bumps early in 2010, as potentially negative developments both home and abroad threaten to sap demand.
While there are great concerns about the Obama administration’s views towards military spending, many external threats seem unlikely to dissipate in the coming decade, meaning that the aerospace & defense sector may be one of the most stable American industries. Since military goods are among the few products that are still made primarily on American [...]
