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Two companies that supply parts to the likes of Boeing, Airbus, and Lockheed Martin will merge in one of the largest aerospace deals ever:
United Technologies Corp. agreed to buy Rockwell Collins Inc. for about $23 billion, creating an aerospace behemoth that can outfit jetliners and warplanes from tip to tail.
The transaction, one of the biggest in aviation history, creates an aircraft-parts giant better positioned to withstand the squeeze from planemakers Boeing Co. and Airbus SE for pricing discounts and higher output. The resulting company will boast a broad suite of products for commercial aircraft, from Rockwell Collins's touchscreen cockpit displays to jet engines made by the Pratt & Whitney division of United Technologies.
"This is a significant deal for UTC and the aviation industry in general," Hans Weber, president of San Diego-based consultancy Tecop International Inc., said in an email. By buying Rockwell Collins, which delivers avionics systems for the U.S. planemaker's 787, "UTC becomes a critically important supplier to Boeing and will have a strong negotiating position as Boeing is putting price pressure on suppliers."
The deal is $23 billion, or $30 billion including debt. The combined company is expected to have annual sales of $34 billion.
(Score: 0) by Anonymous Coward on Wednesday September 06 2017, @04:34PM (7 children)
Corporations are doing an end-run, soon some small company will explode on the world as it reveals that it owns 95% of everything. The one world gov everyone is so afraid of will be implemented in the WORST way possible.
Hooray!
Now to convince my friends and family that I'm totally fine and not at all depressed about this world turning to shit, hrrmmm
(Score: 0) by Anonymous Coward on Wednesday September 06 2017, @05:48PM (1 child)
Start gathering up financial, or material resources and plan your escape.
The first path will be to the sea. The second to space. The time and opportunities to do either are limited. The dominion takes are coming to strip away your rights, just like they have to every frontier to have existed.
But if even a few thousand chose to leave that would be a start. A few hundred thousand, including some of the smarted minds, could build what is required to defend themselves, even against the might of something like the Navy.
You make it to a few million and you are positioned to start taking other people's stuff.
Tens of millions and you can occupy territories... starting down a dark path.
Hundreds of millions... well you've returned to being the problem.
The tech is out there. The legal loopholes are out there. Now enough disenfranchised people need to get 'out there' to make a difference. Sociopolitical chance isn't going to happen from inside the system anymore. Burning it down won't make a difference either. The only thing you can do is gather us people with a similiar vision for an ideal world and go build it somewhere their jurisdiction doesn't normally extend, then propagandize why your place is better than theirs, assuming you want normies from the failing authoritarian societies you left behind to come and contaminate what you've built.
(Score: 1) by fustakrakich on Wednesday September 06 2017, @08:14PM
*You can always check out, but you can never leave*
Back on topic. This merger shouldn't be allowed to happen, for all the obvious reasons already stated elsewhere. It's a bad deal for everybody outside the club.
La politica e i criminali sono la stessa cosa..
(Score: 2) by bob_super on Wednesday September 06 2017, @07:02PM (4 children)
The moment the corporations acquired the right to free speech and to legally express that unlimited speech with their cash, the great USA experiment was doomed.
(Score: 1) by fustakrakich on Wednesday September 06 2017, @08:20PM (3 children)
That is totally irrelevant. Speech is speech. It can't compel anything. If you don't like what's being said, change the channel, or turn off the set.
This merger, on the other hand, it's not good. Read the other comments for reasons why
La politica e i criminali sono la stessa cosa..
(Score: 2) by bob_super on Wednesday September 06 2017, @08:38PM
Dang! I just commented on the Voyager records, without realizing how much farther out my mind would have wandered, had I gone from you to my actual point.
(Score: 0) by Anonymous Coward on Wednesday September 06 2017, @09:24PM (1 child)
You're being pedantic and narrow minded. Corporations are not people, and should not be afforded such protections under the law. Granting person-hood to businesses has royally fucked up everything.
For political campaigns specifically I think we should create a web based platform which is the only place politicians can campaign. No more million dollar+ ads, no more private campaign funds, level the playing field.
(Score: 1) by fustakrakich on Wednesday September 06 2017, @09:54PM
Sorry, the 1st amendment says otherwise. Since speech as no compelling force, you don't have a case.
La politica e i criminali sono la stessa cosa..