Any idea if L3 may realistically be purchased by another company in the next few years? The mafioso business model cannot be successful forever.
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Yea, that Gvl union is all it can be. Burn up an air force RJ after mod, but blame it on others. Screw up the Saudi MD11 SO bad Waco NON Union people had to go to Gvl to bring the planes to Waco to finish. Go stick your union, Gvl deserves everything you give them! What a bunch of blind deaf sobs.
We'll see how you feel about that over the next few days.
Amen, it's not to late at Waco, the door at the UAW is always open, lets grow strong together Brother and Sisters united we are stronger.
you tell him Union brother. Unions yesterday today and forever
Fact is that the UAW in Greenville has and continues to be the leadership that makes Greenville Operation successful. Deny it all you want but we have and continue to be the wrench turners that the customer wants and needs on critical jobs.
I'm sure they don't intend to lose money. They all think that they have all of the answers and that they have the magic key to turning it around. The problem is that they never clean house of the people who cause the issues, so it is just a vicious cycle. After 4 years they have to turn a profit and when they didn't, they just sold us. It is like buying a fixer upper house, hiring the guy who tore it up to fix it, then realizing too late that he was the problem to start with. So you find the next 'company with the magic thing' and unload it as fast as you can. We have the people the experience and enough of us want the company to succeed, but when you have the same people in high places, you run into a brick wall. After a while, you get tired of trying to swim upstream and you just start dog paddling to keep from drowning. Always hoping the real magic will come along and throw you a rope. We have all of the potential in the world, we simply need the right rope to show up before we drown. And I'm sure that every person here can relate to that if they would admit it.
Not me -
Any company that does that deserves what they get. You don't expend cash for a loser company to get a tax break you can get a thousand other ways, then sell it for less than you paid for it.
I bet you are one of those people that argues against getting a better job because it just puts you in a higher tax bracket.
You left out one reason to buy a company. CTAS and Raytheon both did it. You buy a company to take a tax loss for four years running. Then you sell out.
We've already seen where certain pieces of L3 have been sold off. But the whole thing? Doubtful.
There are a couple of reasons to buy a company. It either owns something you want (physical plant, intellectual property / patents); booked business (actual orders) or the ability to get them; or an existing income stream (money coming in from prior deals). Waco doesn't have any of this. What about your division?