Sundstrand to be bought for $4 billion

Article Abstract:

Currently valued at over $3 billion, Illinois-based Sundstrand Corp. is expected to be purchased by United Technologies Corp. United is a Connecticut-based manufacturer of diverse products which will expand its Pratt & Whitney aircraft engine business with the acquisition and Sundstrand clients like Boeing and Airbus Industrie. The offer price is said to about $4 billion. United has put its automotive parts business up for sale and that is expected to sell for $2 billion to $3 billion.

Comment:

To be acquired by United Technologies for $4 billion

Aircraft Parts, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Aircraft parts and equipment, not elsewhere classified, Mergers, acquisitions and divestments, Aircraft equipment and supplies industry, Aircraft parts industry, United Technologies Corp., UTX, Sundstrand Corp., SNS

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New Boeing CFO's assignment: signal a turnaround

Article Abstract:

Boeing's CFO, Deborah Hopkins, who started in December 1998, was astounded to learn that she couldn't return top executives to the basics of inventory turnover and return on net assets. They never understood the basic principles of profitability in the first place. The 44-year-old recruited from General Motors has a large task ahead; stockholders and Wall St. analysts won't be convinced by promises any longer.

Comment:

Before they can turn it around, co. execs must understand the basics of profitability

Executive changes & profiles, Commercial Aircraft, Officials and employees, Boeing Co., BA

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Lockheed's Northrop purchase is dealt legal blow over access to documents

Article Abstract:

Lockheed Martin Corp.'s planned acquisition of Northrop Grumman Corp. has been hindered by a federal judge. The companies are continuing to attempt to restructure the transaction to receive government approval. The Justice Department and the Defense Department are exploring the ideas advanced by the companies, which include spinning off of some large part of the merged companies.

Comment:

Planned acquisition of Northrop Grumman Corp. has been hindered by a federal judge

Company Planning/Goals, Aircraft, Lockheed Martin Corp., Northrop Grumman Corp., Article, 372

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