Rapid Fire Nov. 29, 2012: US Helicopter Prospects
- Sikorsky remains upbeat on the chances that the Pentagon will fund Combat Rescue Helicopters as well as a “Future Vertical Lift” combat helo program. US Defense Undersecretary Frank Kendall told investors gathered at a Credit Suisse event that he would indeed like to fund at least initial development work in that area, if only to sustain the industrial base.
- China’s Wanxiang Group would like to acquire A123 Systems Inc, a bankrupt manufacturer of lithium-ion batteries that can be used in civilian and military vehicles. But they are facing objections from several sources, from the US federal government – because of pending grants to the company – to the Strategic Materials Advisory Council, an advocacy group for the American industry which fears [PDF] that dual-use technology will end up being reverse-engineered in China.