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House Approves Aerospace Workforce Legislation
Arlington VA (SPX) Oct 27, 2005 The U.S. House of Representatives passed an AIA-supported bill to create a federal inter-agency task force on aerospace workforce revitalization Tuesday, a major step to addressing a looming critical shortage of engineers and other workers in the industry. Reps. Vern Ehlers (R-Mich.) and Ellen Tauscher (D-Calif.) introduced the measure (HR 758) earlier this year, and it cleared the House by a unanimous vote. The bill charges 11 executive branch agencies, including NASA and the Defense and Homeland Security departments, to identify new aerospace workforce opportunities through a variety of scholarship, training, and recruitment programs in partnership with the private sector and state governments. Each year, the task force, under the leadership of the Labor Department, would report to Congress on the status of federal policies designed to advance human capital development in the areas of science, engineering, technology, and mathematics, as well as vocational trades. "Aerospace industries make a unique contribution to the economic and national security of the United States as we pursue the global war on terrorism and expand our commercial export markets," AIA President and CEO John Douglass said. "This legislation will galvanize the resources of the public and private sectors to expand science and engineering recruitment across the entire industry, ensuring that aerospace companies can rely on a steady stream of technically qualified professionals." In a recent report to the President, the bipartisan Commission on the Future of the United States Aerospace Industry recommended the establishment of multi-agency strategy panel to counter "the nation's apathy toward developing a technologically trained workforce." The Commission warned that this apathy could lead to "intellectual and industrial disarmament" and pose a "direct threat to our nation's capability to continue as a world leader." The average American aerospace employee, however, is in his or her 50s, far above the levels that prevail in other high-technology sectors. In 2008, 27 percent of aerospace workers will also become eligible for retirement. Community Email This Article Comment On This Article Related Links Aerospace Industries Association SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Orbcomm's Equity Financings Complete
Bremen, Germany (SPX) Jan 06, 2006OHB Technology affiliated company Orbcomm has announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital. |
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