Word: aircrafting
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...other's throats as never before. Although the U.S. government and the European Union reached a temporary deal last week to avoid a battle about government subsidies in the World Trade Organization, the two sides were sniping at each other again less than 24 hours later, when Forgeard said aircraft "launch aid" - no-risk loans from European governments - wasn't "part of the past." A spokesman for the U.S. trade representative fired back: "The U.S. will not agree to permit new aircraft subsidies that are illegal under WTO rules. That certainly covers launch aid." Competition in the commercial airplane market...
...stakeholders, EADS and BAE Systems, both have significant military businesses, too.) The Europeans thus don't see subsidies going to zero. Says Forgeard: "We want a level playing field with a level of support that is acceptable to both sides." The debate over subsidies is especially heated because the aircraft business is so precarious. Launch costs for a new aircraft can be enormous, with little guarantee that the market will reward innovation. In December 2003, Boeing announced it would build the twin- engine, highly efficient 7E7 - its first new airplane in a decade and its designated aircraft of the future...
...initial sum of $15 million and was promptly pilloried for offering aid inadequate to the scale of the disaster. (In the initial count, 15 Americans were reported dead.) Stung by criticism of the U.S.'s perceived parsimony, the Administration increased the contribution to $350 million. The Pentagon deployed the aircraft carrier Abraham Lincoln and 11 other warships loaded with supplies, helicopters and soldiers to the coast of western Sumatra to help in the relief effort. Some 1,500 U.S. Marines headed for Sri Lanka. All told, governments around the world pledged more than $2 billion in the first week...
DIED. RAY RUDE, 88, who as an aircraft-company worker in the late 1940s invented a flexible board out of a junked aluminum wing panel and eventually turned it into a multimillion-dollar international diving-board company, Duraflex; in Stanley, N.D. More durable than wood, Duraflex boards are now the standard at the Olympics and other major diving events...
...past four years, defense investment in California has increased 44%, and last year the state got $30 billion in military contracts, much of it in high-tech areas in which the state has a long-established lead, such as guided missiles, navigation and communications equipment, and unmanned aircraft. Wall Street has raised California's credit rating one notch above junk-bond status, though it is still lower than all the other 49 states...