Newspaper Page Text
Wsdnesday, July 20,1994 "H0u5t0n Times-Journal
Page 8A
FEMA, from 1A
***&!£? SI pp ' :> p
FEMA assessment engineer Paul O’Connell (second from left) converses with
Public Works Supt. Hugh Sharp (far right) at one of the sites In need of repair.
Listening on are DOT represntatlve Daniel Smith and Interim City Manager Janice
Williams. »
Corporation announces Vought purchase
July 12, 1994 Northrop
Gurmman Corporation announced
today it has signed a Memorandum
of Understanding with The Carlyle
Group, LP, under which Northrop
Grumman would acquire Carlyle’s
51 percent interest in Vought
Aircraft Company for $l3O million
cash. Northrop Grumman currently
owns the balance of the outstanding
common shares in Vought.
The agreement is subject to
Precinct,
from 1A
to park along Linder St. They were
then forced to journey to the rear of
the school to enter the
gymnasium’s doors.
Several elderly people were
having difficulty getting to the
booths, as a result, prompting
numerous complaints towards the
media as to why another area wasn’t
chosen.
But in defense of the issue, one
elections official said the procedure
isn’t as simple as it looks on the
surface.
“The polling sites are decided by
looking at what is available in the
boundries of a particular precinct,”
said Jo Anne Shipes, elections
supervisor for Houston County.
“The board can not designate certain
rooms or buildings for use.”
Paul Hartman, the principal at
Tucker, could not be reached for
comment regarding why the gym
was designated instead of the
school’s lunchroom.
The customary lone site, the
Georgia National Guard Armory,
was deleted this election due to
guard activation. When news
surfaced that the armory could not
be used, the board then asked local
supervisors to “downsize”, or make
more locations, for the convenience
of voters.
As each of the sites were being
chosen, a public notice detailing the
plans ran in The Houston Home-
Journal in late 1993. The board
then voted on each location
seperately.
When the board finally approved
the three locations, a second notice
began appearing in The Houston
Home-Journal on Dec. 7 of last
year. That notice told of a public
meeting that the board was
planning for input on the selected
sites. However, only one person,
Tucker principal Paul Hartman,
attended the meeting.
Despite Hartman’s disagreement
with the location, the Houston
County Board of Education
approved unanimously the two
elementary school locations for use
in the election.
When contacted Tuesday, Shipes
said no other problems had arose
concerning the two other locations.
The elections supervisor did say
that when final balloting is over,
all locations will be studied.
“It’s really hard to tell what
problems we have until the election
is over,” Shipes said, from her
office on Tuesday. “But as soon as
the election is behind us, we’ll look
into the complaints and make an
evaluation from there...”
Turnout,
from 1A
hoping that we’ll at least hit the
30-percent mark with those eligible
to vote.”
Polls opened at 7 a.m., and were
scheduled to remain open until 7
p.m. A full election review will
appear in Saturday’s Houston
Times-Journal.
completion of a definitive
agreement and Hart Scott Rodino
antitrust review.
“Vought is a perfect strategic fit
for Northrop Grumman, especially
at this time,” said Kent Kresa,
Northrop Grumman chairman,
president and chief executive officer.
“It strengthens and expands our
position as a major supplier in the
aircraft subassemblies business.”
Mr. Kresa noted that Vought is
debt free and currently has about
S9O million in excess cash beyond
its current needs. He said Vought
has done an excellent job of
streamlining its operations, and that
the acquisition would be “accretive”
to Northrop Grumman’s earnings,
beginning immediately upon
closure of the transaction.
Northrop Grumman purchased a
minority interest in Vought in
1992, with an option to purchase
the remaining outstanding shares
over a three-year period beginning
in September 1995. The company
said it reached agreement with
Carlyle to acquire its shares now so
that it could Vought in its plans to
integrate its existing aerostructures
activities with those of its recently
acquired Grumman Corporation
subsidiary.
“The purchase of Vought now
will enable us to achieve even
greater efficiencies and cost
reductions as we streamline our
aerostructures businesses,” said Mr.
Kresa.
Vought, headquartered in Dallas,
Tex., is a major manufacturer for
commercial and military aircraft.
The company had sales of just
under $1 billion in 1993, and this
year is expected to record sales of
approximately SBOO million. Sales
beyond that are expected to be in
the SSOO million to S6OO million
range, largely due to the substantial
Letter, from ia
The Federal Government should help establish, by co-insurance, large
risk pools for those people who are ineligible for coverage by the usual
means.
Unless we are willing to address meaningful tort reform, medical
malpractice will continue to add 10 to 15 percent in direct and indirect cost
to our health care.
Finally, the government, rather than embarking on grand schemes of
social engineering, should re-examine its own policies throughout the
spectrum of the health care system. As an example, it now takes over two
hundred million dollars to bring a new drug to market, in no small
measure due to the federal bureaucracy. These costs have to be recovered in
the price of drugs.
The ultimate question is who do we want to control our money and our
health care? Real reform is for the patient-the consumer to control his
money and his health care, not politicians, government, doctors, hospitals,
etc.
James C. Dudley, Jr., M.D.
|i|jp NOW OPEN
• Field Guides -Seeds
-Binoculars -Feeders
• Bird Houses • Unique Gifts
l/S l JULY A AUGUST ARE THE PEAK
ISSHeS/ HUMMINGBIRD FEEDER MONTHS.
“Wo Specialize In Squirrel
41 Proof Feodora ”
Bird Watcher
P&flP J SUPPLY J} COMPANY
\n J j© Everything for Wild Birds.
/ M* ' , MON.-SAT. 10AM-7PM
jsS Mercer Crossing Shopping Center
! Across from Macon Mall
o,m 757-0730
completion of Vought’s work on
the current B-2 production program
and planned reductions in its
commercial aerostructures business.
It has 5,200 employees at its
Dallas-area facilities.
Vought is involved in major
subassembly production for Boeing
747, 757 and 767 airliners. It is
also developing and building the
wings for Gulfstream’s new G-V
business jet. The company’s
military business includes work on
the Air Force’s C-17 transport and
B-2 bomber aircraft. Vought is
also offering the Pampa 2000
trainer in the Joint Primary Aircraft
Training System (JPATS)
competition. Northrop Grumman
said that, consistent with its current
practice, it will insure separation of
Vought’s JPATS entry from the
Grumman Corporation S2IIA
candidate and the Northrop
Grumman EMB-312HJ candidate.
Northrop Grumman,
headquartered in Los Angeles, has
45,000 employees. The company
previously said it expected to record
1994 sales of just under $7 billion;
it now expects 1994 sales to
approximate $6.4 billion prior to
an acquisition of Vought, as a
result of treating the Special
Purpose Vehicle segment as a
discontinued operation and other
accounting adjustments associated
with the Grumman consolidation.
The company’s major products
include the B-2 stealth bomber,
Joint STARS and E-2C airborne
surveillance systems, the U.S.
Navy’s F/A-18 strike fighter
(Northrop Grumman is principal
subcontractor to McDonnell
Douglas Corp.), airframe structures
and control surfaces for military and
commercial products, including
Boeing’s 747, 757, 767 and 777
jetliners.
thought,” Williams said. “We were
able to find a very good equipment
operator that will allow the bridge
to be lifted for repairs instead of
having to cut (the bridge).”
That route will allow officials to
avoid hours of labor costs,
according to the city manager,
which is usually the most
expensive part of road and bridge
repairs.
Because of the bridge being such
a vital link to the Perry Industrial
Park, especially PPG, Williams
said the city virtually had no choice
in delaying repairs.
Workers traveling to and from
the industrial community are
*!&P dwindmi- jm&
■ f*£l£ll/
.v- p (If ' -fs; " ‘ fs4lk
--<*
WmM .v * «W
/A \ SUMMER *94
ff&PPKgy j :.*•;. ... . i' -
# A
t^2^^)ln...
For A Round Of Golf At
Houston Creek Country Club
Houston Creek Country Club ranked #4 in Georgia Goif News
survey of semi-private facilities.
JOIN US AT HOUSTON CREEK TODAY!
MONDAY $23.00
TUESDAY - FRIDAY $29.00
WEEKENDS (after 2:00 pm) $27.00
(Fee includes cart fee)
Call (912) 987-3243 for Tee Times
Dress Code Enforced No Personal Coolers
FAST GREENS / FRIENDLY PEOPLE
HoUStOII All Eighteen
Ore ok open
2323 HIGHWAY 127 PERRY GA
<£► NAPA AUTO PARTS
You Get What You Pay For.
ftd>i \
lmi \ I
- jmr ! " ■ j PBfek
BOSCH QUALITY - NAPA LOW PRICE. 1
BOSCH SUPER /X
SPARK PLUGS v /Everyday^Pl,
Most popular passenger car and y LOW
light truck applications. ZL. a • |
Offer good thru Sunday. July 24,1994, or while supplies last.
perry JNBPfII
Brooks Auto Parts 111 fun r
805 Commerce Street WI WKF®
987 2922 We Keep America Running.
presently forced to park their
vehicles on one side of the bridge
and either walk or, in some
instances, ride their bikes to the
other side.
Work on the bridge began
Tuesday morning and is expected to
be completed by week’s end,
according to Williams.
Paul O’Connell, an assessment
engineer for FEMA, said Monday
that his team will need additional
information before findings are
referred to a second group and
financial assistance determined.
“The first thing we will need is a
DOT (Department of
Transportation) assessment of the
bridge,” O’Connell said. “From
that, FEMA will determine what to
do and how to do it...”
Other areas that will require
immediate attention:
• Repairs to the shoulder of the
road along Park Ave.
• Replacing a road bed beside Big
Indian Creek.
• Replacing 2, 54-inch sections
of pipe along Tucker Road by the
city’s maintainance bam.
If monies are available for the
Perry projects, O’Connell said,
FEMA should be able to reimburse
the city immediately due to repairs
being deemed “vital” to the
economy.
Today’s “great deal" at some
auto parts stores may not seem
like such a bargain tomorrow.
Because cutting comers on
price usually means taking
shortcuts on quality, too.
At NAPA, you’ll find competitive
prices on over 143.000 top
quality products. And all NAPA
brand parts are backed by the
NAPA National Warranty
Program!
So don't settle for second best.
Come to NAPA. After all. you
get what you pay for.