August housing starts above expectations, highest level in over 12 years

September 18, 2019
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By Scott Volling August housing starts and permits were released today, with both numbers blowing away expectations. Starts came in at 1,364,000, 9.1% above the consensus of 1,250,000, 12.3% above last month’s upwardly revised 1,191,000 and 6.6% above a relatively solid 1,279,000 in August of last year. Permits also positively surprised, coming in at 1,419,000, […]

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Can upskilling help A&D companies continue to thrive?

September 12, 2019
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By John Karren & Miguel Smart The A&D sector is thriving as demand for air travel increases along with growing worldwide defense needs. But to fulfill customer expectations, the sector has to continue to innovate—and innovation requires digital acumen. With fierce competition for that talent, companies are boosting their efforts to attract and retain people […]

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Talking Tax recap: Tax policy, taxing the digital economy, and the recently released GILTI regulations

August 27, 2019
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By John Livingstone I recently hosted the latest installment of our popular quarterly ‘Talking Tax’ webcast series. This episode covered a number of relevant topics, including tax policy, taxing the digital economy, and the recently released GILTI regulations. Below are some of the highlights from the webcast. Tax policy Todd Metcalf, a principal in our […]

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Amid trade turmoil, manufacturers may be leaving money on the table

August 22, 2019
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By Chris Desmond, Mat Mermigousis and Todd Benigni Trade is a top concern for global business executives this year, according to PwC’s 22nd Annual CEO Survey. Trade conflicts and protectionism were both among the top 10 threats to growth cited by respondents, and given the seemingly endless parade of headlines about tariffs and currency manipulation, […]

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Smart factories: Can they lure the tech-savvy to their ranks?

August 13, 2019
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By Chad Moutray and Steve Pillsbury We’ve been hearing a lot of buzz around the smart factory, or fourth industrial revolution (4IR) for some time. But, for an industry with a deep-seated reputation for hard skills that are generally physical and repetitive and highly specialized, how are manufacturers getting their workforce up to speed as […]

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Massive Raytheon/UTC Deal Highlights Q2 2019 M&A Activity — What Happens Now?

August 7, 2019
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By Scott Thompson and Bob Long M&A activity during the second quarter of 2019 was significant in the global aerospace and defense (A&D) sector. The $52 billion merger of Raytheon and UTC stole the show – the largest transaction the A&D industry has seen in the last six years and comprising about 90% of the […]

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For A&D, the time is right for expansion

July 30, 2019
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By Scott Thompson The global Aerospace and Defense (A&D) industry reported record operating revenue and operating profit in 2018, both increased 9% over the prior year. Commercial aerospace is forecasted to continue to grow at roughly twice the rate of global GDP for foreseeable future. The US Defense budget is increasing to $740 billion by […]

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How to become a (strategic) fourth industrial revolutionary

July 18, 2019
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By Chad Moutray and Steve Pillsbury The fourth industrial revolution (4IR) is here, and most manufacturers are well on their way to adapting to the transitioning operational landscape. They’re adopting a portfolio of technologies powering 4IR, which include the industrial internet of things, advanced data collection and analytics, autonomous and collaborative robotics, blockchain and others. […]

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Housing starts remain steady in June

July 17, 2019
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By Scott Volling June housing starts were released today, essentially in line with consensus at 1,253,000 and last month’s revised 1,265,000, but 6.2% above a comparatively weak result in June of 2018.  Permits were a bit disappointing, dropping 6.1% month over month and 6.6% year over year to 1,220,000 units.  This is the lowest level […]

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Talking Tax recap: Tax reform guidance, trade policy, and taxing the digital economy

June 26, 2019
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By John Livingstone I recently hosted the latest installment of our popular quarterly ‘Talking Tax’ webcast series. This episode covered a number of relevant topics, including tax reform guidance, trade policy, and taxing the digital economy. Tax reform guidance Scott McCandless, co-host of Talking Tax and a principal in our Tax Policy Services (TPS) practice, […]

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