Lockheed s new CEO surprises with US$4.4B old-space deal
Julie Johnsson, Bloomberg News An attendee takes a photograph of a U.S. Marine Corps. F-35B Lightning II fighter jet, manufactured by Lockheed Martin Corp., performing maneuvers during the Singapore Airshow at the Changi Exhibition Centre in Singapore, on Tuesday, Feb. 11, 2020. , Bloomberg
Lockheed Martin Corp.âs new chief executive officer has talked up his interest in artificial intelligence and advanced communications since taking the reins six months ago. But for his first major deal, Jim Taiclet chose a longtime supplier, Aerojet Rocketdyne Holdings Inc.
Adding Aerojet should bolster Lockheedâs capabilities in missile-defense batteries, hypersonic vehicles and space, where the defense giant has a venture with Boeing Co. that competes with Elon Muskâs SpaceX. Joining with Lockheed will unlock greater potential for Aerojet as a seller of propulsion sys
French aerospace firms face industrial tensions over job cuts Reuters 12/22/2020
TOULOUSE, France, Dec 22 (Reuters) - Job losses are rippling through the French aerospace supply chain, prompting sporadic strike action in the traditionally strife-free sector as unions warn of Christmas redundancy notices.
In the village of Mondouzil near Toulouse, 20 employees of precision machining company Cauquil have staged strikes for the first time over the loss of 35 out of 76 posts.
Growth in demand for planes such as the Airbus A320 fuelled the company s expansion and provided the village with more jobs than people.
Now, only a quarter of staff are working with the rest on furloughs following a 70% drop in activity due to COVID-19.