Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense business issues, and is editor in chief of Aviation Week Executive Intelligence newsletters. Beyond reporting, Bruno helps organize related Aviation Week conferences, hosts podcasts and webinars, and speaks publicly as a subject matter expert on industry issues. Since joining Aviation Week in 2005, he has won several Jesse H. Neal and Aerospace Media awards. He has a master's degree from Syracuse University and a bachelor's from Vanderbilt University.
So far, Wall Street seems to agree with Orbital Sciences Corp. CEO David Thompson that his company’s proposed merger with Alliant Techsystems (ATK) offers “compelling benefits for all of our stakeholders.” Orbital’s stock jumped more than 16% in regular closing in New York while ATK’s rose almost 7%. “It’s very clear this deal was very well considered and the explanation is pretty clear,” said analyst Howard Rubel of Jefferies during a joint teleconference by the companies’ CEOs.
A new U.S. conventional arms transfer policy governing direct commercial and Foreign Military Sales signed by President Barack Obama this year is supposed to allow Washington officials to make ad hoc decisions about military exports, including industrial competitiveness, an official said recently.
