Rapid Fire September 26, 2012: Emerging Export Pitfalls
- Sikorsky announced on Monday that they would close their Military Completions Center in Big Flats, NY, by the end of the year. That facility was developed in 2007, following the acquisition of Schweizer Aircraft in 2004, to prep Black Hawk and Naval Hawk helicopters for Foreign Military Sales. 570 people will lose their jobs in the process.
- Daniel Goure at the Lexington Institute asks a very salient question: how much risk are US companies taking by betting heavily on sales to Asia and the Middle East? He is focused on potential political disruptions, but economic concerns should not be dismissed as casually as he does. In recent months growth has markedly slowed down in China and India, among other emerging markets that face heavy imbalances.