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Old 27th Feb 2011, 15:12
  #258 (permalink)  
helihub
 
Join Date: Jan 2010
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Tilton is in the private equity business, so her modus operandi is to buy a company make it (more) profitable, and sell it on. That is what private equity is about, so any grand speech she does saying she's rescuing some fine US company needs to be taken with a pinch of salt the size of a basketball.

As lynx no more said, she was hoping for military contracts and didn't get them - so the hoped-for increase in profit/value did not happen and she's left with a duck. Some improvements were found by outsourcing airframe production to Mexico, but at the production rates we're talking, the benefits are negligible.

What she needs to do is to find someone else with enough foresight and cash behind them to make these once-successful designs work. My gut feeling is that such buyers would only exist in China, India or possibly Brazil. Time will tell
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