Rapid Fire 2010-09-09: Boeing Redundancies
- Acquiring Minds: Boeing, Lockheed Martin target acquisitions in cybersecurity, ISR, and UAV sectors.
- White Collar Cuts: Meanwhile, Boeing is cutting 10% of the executive positions at its military aircraft business as part of a restructuring effort; an additional 400 job cuts are expected.
- In Reverse?: Navistar posts a fiscal third-quarter profit but lowered its revenue outlook for the year as military truck orders are deferred to 2011 and commercial truck sales slump.
Categories: Boeing, Daily Rapid Fire, Electronics - General, Force Structure, GPS Infrastructure, Industry & Trends, Launch Vehicles, Lockheed Martin, Mergers & Acquisitions, Other Corporation, Policy - Personnel, Raytheon, Russia, Satellites & Sensors, Signals Radio & Wireless, Trucks & Transport, USA