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Biden Pentagon pick could make up to $1.7M from leaving Raytheon


But it is a practice blasted by progressive Democrats and other critics of the Pentagon’s so-called revolving door, and is an issue likely to be raised during Austin’s Senate Armed Services Committee confirmation hearing next week.
Austin took a board seat at United Technologies Corp. shortly after he retired from the military in 2016. He became a board member at Raytheon after it merged with United Technologies in 2020.
As part of his compensation, he was given stock at Raytheon, as well as at two spin-off companies from the merger  Otis Worldwide Corp. and Carrier Global Corp.
The exact value of his payout when he divests his stock will be based on the closing value on the date of his resignation, according to the ethics disclosure. ....

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Precinmac Precision Machining Expands West Coast Presence with Acquisitions of Viper Northwest and Shields Manufacturing - Press Release


Precinmac Precision Machining Expands West Coast Presence with Acquisitions of Viper Northwest and Shields Manufacturing
MAINE & OREGON (Business Wire) Precinmac Precision Machining (“Precinmac”), a diversified manufacturer of high-precision machined components and assemblies in the aerospace and defense, semiconductor, and general industrials sectors, today announced the acquisitions of Viper Northwest, Inc. and Shields Manufacturing, Inc. The acquisitions strengthen Precinmac’s West Coast presence while enhancing the Company’s differentiated value proposition to customers in the region. Financial terms of the private transactions were not disclosed.
Founded in 1985 and located in Albany, Oregon, Viper Northwest primarily serves the deposition sector of the semiconductor market. In addition to the company’s machining, fabrication, and assembly services, Viper Northwest provides complimentary design assistance and support for both manufacturing engineering as w ....

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General hypocrisy: Senate Democrats likely to flip-flop on waiver for Biden Defense pick

General hypocrisy: Senate Democrats likely to flip-flop on waiver for Biden Defense pick
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