Congress now lobbies for KC-X to be based in their states
Filed under: Boeing, Contract Awards, EADS, Federal Budget Process, Northrop Grumman Corp., U.S. Air Force, commercial aviation, logistics
No matter who wins the contract state delegations are lobbying the Air Force to base the new tanker in their states. See The Hill for more on this. Not only are states choosing sides in which contractor should get the contract, see this previous post and this one as well, they are also trying to get the new aircraft based locally. Read more
Huntsville, AL based companies win several contracts
According to the Huntsville Times, several Huntsville area companies won contracts. They vary in size from $35 K to $247 M. Huntsville due to it being the headquarters for the Army’s Aviation and Missile Command has many small and large companies doing everything from development, SETA work and production. See the announcements here.
ITT Industries Completes Acquistion of EDO Corporation
In a major addition to its products and capabilities, ITT Industries completed the acquisition of EDO Corporation on December 20th. The total price of the transaction was about $1.7 billion as the EDO shares were valued at $56. EDO over the last six year also had been aggressively acquiring companies to increase the span of their business line. EDO does have complimentary products with ITT in the areas of electronic warfare. This acquisition will also expand ITT’s reach into Huntsville, Alabama where the US Army’s Aviation and Missile Command (AMCOM) is located.
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