Rapid Fire June 25, 2012: Turkey & Syria
A Turkish RF-4 Phantom 2000 reconnaissance jet was shot down along Syria’s borders, reportedly by one of Syria’s Russian SA-11/ Buk-M2 systems. Both pilots ejected over the Mediterranean. Syria has apologized and essentially admitted that they did it, but says the jet was just 1 km from the Syrian coast. Turkey has been a big backer of Syria’s rebels, and the incident opens the way to open intervention by the Turkish armed forces – if they wish to take it.
Lockheed Martin and the International Association of Machinists and Aerospace Workers have reportedly reached a deal to end the 9-week strike in Fort Worth, TX. Terms were not made public pending a vote by employees in the coming days.
Cubic Corporation announced its founder and CEO Walter J. Zable passed at age 97. The firm’s CFO William W. Boyle has been named as interim CEO.