Boeing and Tata announce a joint venture to manufacture aerostructures

first_imgBoeing and Tata Advanced Systems have announced a joint venture (JV), which would manufacture aerostructures for aircraft and collaborate on integrated systems development opportunities in India.The JV would initially create a manufacturing centre of excellence to produce aerostructures for the AH-64 Apache helicopter and to compete for additional manufacturing work packages across Boeing platforms, both commercial and defence. Boeing and Tata Advanced Systems plans to grow the JV partnership in the future with a focus on opportunities to collaborate on development and selling of integrated systems.“This partnership will capitalise on India’s industrial capability, innovation and talent to contribute to Boeing’s long-term competitiveness and position us for future growth in the global marketplace,” said Chris Chadwick, President and CEO of Boeing Defense, Space & Security. “It is a demonstration of our commitment to further accelerate our partnership with one of the world’s fastest growing economies.”“This agreement to establish a JV will propel the growth of the Indian aerospace sector by leveraging the world-class competencies of TASL and its supplier eco-system, as well as provide access to India’s world-class manufacturing capability, skilled talent and competitive cost structures,” said S. Ramadorai, Chairman, Tata Advanced Systems.“Over the last 12 months, we have doubled our sourcing from India and are committed to continue that journey,” said Pratyush Kumar, President, Boeing India. “Our commitment was demonstrated by Boeing Chairman Jim McNerney’s presence at the recently concluded aerospace Innovation Summit in New Delhi and this JV is a clear example of Boeing’s long-term commitment to Make in India.”last_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Last season, the Arizona Cardinals spent Dec. 24 in Seattle taking on the Seahawks.The Cardinals won that game, and in the process created a nice Christmas memory.In 2017, it looks like they’ll get a chance to make winning on Christmas eve a new tradition, as reports are saying they will host the New York Giants this Dec. 24. New York Giants quarterback Eli Manning (10) looks to pass as Arizona Cardinals defensive end Calais Campbell (93) rushes the passer during the first half of an NFL football game Sunday, Sept. 14, 2014, in East Rutherford, N.J. (AP Photo/Bill Kostroun) Comments   Share   Former Cardinals kicker Phil Dawson retirescenter_img Top Stories Francesa just announced the #Giants 2017 schedule on air. Here’s what it is, if he’s correct: pic.twitter.com/XJAEHUAXMj— Tom Hanslin (@tomhanslin) April 20, 2017The Cardinals will be facing the Giants for the first time since 2014, when they played each other at MetLife Stadium in New Jersey, and will be hosting them for the first time since 2011. While no one will know for sure what kind of game this year’s matchup will be, it does at least for now shape up as a pivotal NFC battle between a Giants team that earned a Wild Card bid in 2016 and the Cardinals, who missed the playoffs in 2016 after reaching the NFC Championship Game the prior season.Historically, the Cardinals are just 43-81-2 against the Giants, with many of their games occurring when each team held residence in the NFC East. But since 2002, when the Cardinals moved to the NFC West, the Cardinals have a 4-3 edge in the series. Grace expects Greinke trade to have emotional impactlast_img read more

How CPPIB is tapping alternative data to refine its investment processes

first_img More CPPIB plans safer investing structure for hike in Canada Pension Plan contributions What you need to know about passing the family cottage to the next generation Email Related Stories CPPIB poised to be first global pension fund to issue euro green bond Twitter CPPIB is shorting $750 million worth of EU stock, making it one of the most active short-sellers in Europe, data show Reams of data can also be used to feed various artificial intelligence technologies, and Orida said that CPPIB does employ machine-learning in its research. The example she gave for this was their thematic investing group researching automobility, such as trends around consumers moving from buying cars to buying rides off an app instead, or the evolution towards electric and autonomous vehicles.Orida said the existing research had taken a more regional approach, but CPPIB, a global investor, had wondered if it made more sense to analyze the adoption trends based on certain characteristics, such as density or wealth. The fund used a machine-learning algorithm to group cities around the various attributes, which is insight it could also apply across its portfolio.“So for example,” Orida said, “when you think about that evolution of moving from buying a car as a capital investment to consuming rides as a service, that’s going to impact how we think about long-term projections for toll roads, for airports that make a lot of their money from parking revenue, in our infrastructure team.”Again, however, alternative data is not the be-all-end-all for CPPIB, as Orida noted when it came to their research of real-estate companies. The fund was not using the analysis alone to make an investment decision; rather, it was trying to respond to a question humans were asking and supplementing its other work.“Ultimately, our investment decisions are still captured in making a financial forecast about a company and then discounting the cash flows back to figure out what price we would pay for it,” Orida said. “But when you’re forecasting those cash flows, the more information you could have about the industry trends and how they might impact the future of that company, my own view is that the better investment decision that you’ll make.”• Email: gzochodne@nationalpost.com | Twitter: Geoff Zochodne ← Previous Next → March 18, 20196:30 AM EDTLast UpdatedMarch 18, 20196:30 AM EDT Filed under News FP Street Share this storyHow CPPIB is tapping ‘alternative data’ to refine its investment processes Tumblr Pinterest Google+ LinkedIn Canada Pension Plan Investment Board CEO Mark Machin. CPPIB has begun investigating alternative data to help make investment decisions.Cole Burston for National Post files center_img Teachers’ posting said the director would be leading a team of five to 15 employees.CPPIB, which invests the funds of the Canada Pension Plan, is also diving deeper into new innovation-related ideas and technologies.The fund recently advertised that it was looking to hire a director of innovation to help test out “emerging concepts and ideas” and expand CPPIB’s advanced analytics capabilities.Along the same lines, CPPIB said recently that it was seeking a head of data and advanced analytics, billed as “a transformative role.”CPPIB says the two jobs are new ones, as the fund tries to ensure that its talent and technology keep pace with its growth.The price for all this remains to be seen; CPPIB will reveal its costs in an upcoming annual report.But while CPPIB already has certain advantages over other investors — such as the steady flow of contributions and a much longer-term outlook — it’s always looking to make decisions on the basis of the best-available information, Orida said.By looking at this additional source of data, and being able to analyze that trend, we could gain insightsDeborah Orida, CPPIB There was a time when the Canada Pension Plan Investment Board didn’t even make “alternative” investments. Now, Canada’s biggest pension fund says it is sifting through “alternative” forms of data to try to improve its investment decisions.CPPIB has assembled what it calls a “data-driven edge” team, a small group of investors and data scientists that are experimenting with different kinds of information in making longer-term investment decisions, says Deborah Orida, senior managing director and global head of active equities at CPPIB.“As we look to enhance that decision-making, one of the things that we’ve been focused on for the last couple of years is being able to use not only the traditional financial data that we get from the traditional sources like Bloomberg in making our investment decisions, but also the increasing volume of alternative data that is available,” Orida told the Financial Post in a phone interview from Hong Kong. Expect lower investment returns around the world, says CPPIB chief CPPIB among investors buying Ultimate Software for $11 billion CPPIB poised to be first global pension fund to issue euro green bond There has been much made of hedge funds and other investors trying to gain an edge with alternative data, such as information gleaned from satellite imagery of store parking lots.CPPIB began assembling its own team, which currently has fewer than 10 full-time members, last summer.One example of how it is already putting alternative data to use that Orida provided was the fund’s recent analysis of a pair of real-estate companies, one public and one private, for which CPPIB used a public registry of realtors in the U.S. to study their movements between firms. The data would be one piece of a bigger puzzle that the fund would be trying to solve in order to make its investment decisions.“But by looking at this additional source of data, and being able to analyze that trend, we could gain insights about what was attracting agents to different companies,” Orida said.It’s unlikely CPPIB is the only Canadian pension fund tapping into emerging forms of data either.The Ontario Teachers’ Pension Plan recently posted a job opening for a director of analytics platforms, the duties for which include maintaining “industry knowledge on data science, machine learning, data engineering, alternative data, data visualization and other relevant Advanced Analytics topics.”Ontario Teachers’ Pension Plan CEO Ron Mock. Teachers’ also appears to be tapping into new data sources. Join the conversation → How CPPIB is tapping ‘alternative data’ to refine its investment processes CPPIB has assembled a team to experiment with different kinds of information in making longer-term investment decisions Reddit Facebook Comment Featured Stories advertisement Sponsored By: 0 Comments Kevin Van Paassen for National Post fileslast_img read more