Summit Notebook

Goodrich CFO saw transformation from tires to aerospace

December 15, 2009

Goodrich Corp. Chief Financial Officer Scott Kuechle recalls when he first started at the company about 25 years ago the firm was mainly in tires, commodity chemicals and industrial products. Aerospace defense was a “very small” component buried in its industrial business. AERO-ARMS-SUMMIT/

Rockwell Collins CEO: ex-fighter pilot sees need for pilotless aircraft

December 15, 2009

On the surface, it would appear that a fighter pilot would have little interest in a remotely piloted aircraft, which more and more are being used in wars for reconnaissance and firing missiles.

L-3 chief Strianese: “I was not born a CEO”

December 15, 2009

The Chief Executive Officer of L-3 Communications says he’s a “city kid” from New York who worked his way up from loading trucks in the Bronx as a college student to being in charge of  a large U.S. defense contractor. AERO-ARMS-SUMMIT/

A drone by any other name…

December 14, 2009

The drone that was formerly known as the unmanned aerial vehicle (UAV) has a new name — the Remotely Piloted Aircraft (RPA).

Pratt and Whitney’s Hess: corporate jets got bad rap

December 14, 2009

Pratt and Whitney President David Hess says corporate jets got a bad rap from Washington and the rhetoric hurt the industry.

Lockheed CEO: “Not miffed” over Obama nixing presidential helicopter

December 14, 2009

President Barack Obama was quite blunt earlier this year about a  new fleet of presidential helicopters being built by Lockheed Martin Corp., citing it as an example of the procurement process “gone amok.”

Reuters Aerospace and Defense Summit 2009 Liveblog

December 10, 2009

As President Barack Obama sends more troops to Afghanistan, and the Pentagon is expected to increase orders of armored trucks, helicopters, ammunition and other weaponry, Reuters specialist journalists are talking to some of the biggest names in the aerospace and defense industries.

Brazil on everyone’s lips (and in pockets too)

December 9, 2009

Forget China, at least for now. That “B” in BRICs is really gaining momentum. Many investment managers attending the “Reuters Investment Outlook Summit 2010″ in New York this week mentioned Brazil as a hot destination to park money next year.

from Aaron Pressman:

Dubai crisis will not spread, says Invesco’s Garnick

December 9, 2009

dubaiDubai's financial problems have spooked investors around the world. Moody's Investors Service didn't help matters on Wednesday when it said it would review the ratings of  not just of Dubai, but of neighboring emirate Abu Dhabi and the federal government of the seven-member United Arab Emirates federation. Dubai and Abu Dhabi are both part of the UAE, the world's third-largest oil exporter.

Talbots still has too many shops: shortseller

December 8, 2009

KRAVETZApparel retailer Talbots announced a deal that will reduce its debt by about $330 million through its purchase of a blank check company.