The Air Force has chosen Forest City Enterprises of Cleveland to privatize military family housing at four installations in the southeastern United States, the company announced Monday. The four sites are Arnold AFB, Tenn., Charleston AFB, S.C., Keesler AFB, Miss., and Shaw AFB, S.C. Under the plan, the company’s Military Communities subsidiary expects to demolish 1,189 existing, inadequate housing units and construct 987 new housing units over the course of a three-year initial development period. Following that, Forest City will manage and maintain a combined total of 2,185 housing units at these bases for 50 years. “We’re proud to have been chosen for this project and to have an even greater opportunity to improve the quality of life and sense of community for military families across the country,” said Charles Ratner, Forest City president and CEO.
RTX, parent of Raytheon, Collins and Pratt & Whitney, is getting out of the space prime business and focusing on its "strengths" as a maker of space sensors, buses, and components, company COO Chris Calio said during an earnings call.