Eric Fanning takes office as Undersecretary of the Air Force, a position that had been vacant since June 2012. The previous USECAF, Erin Conaton, had already taken a new post as Undersecretary of Defense for Personnel and Readiness.
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.