Good Week  

Kaiser Aluminium, which has been emerged from four and a half years in Chapter 11 bankruptcy protection as a reorganised and "vastly different" company following divestment of non-core businesses.  The company, which makes high strength aluminium plates and tubes for aerospace, is considering further acquisitions to bolster a $75 million expansion programme.  Kaiser's new stock was trading at $45.30 on the Nasdaq stock exchange following its listing.

 

Boeing, which is facing protests from Senators over a possible tax deduction on a $615 million settlement it has reached with the Department of Justice (DoJ) over claims following its hiring of a former Pentagon official and its treatment of Lockheed Martin documents. Senators Charles Grassley, John McCain and John Warner are concerned that allowing the payment to be tax deductible would leave "the American taxpayer to effectively subsidise its misconduct".

Bad week 

"Ultimately there will be two or three major defence players in Europe: not 15, not one."

Denis Ranque, Thales chief executive, on consolidation of the defence industry in europe

 Ranque 

Source: Flight International

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