netrashetty
Netra Shetty
J. C. Penney Company, Inc. (formerly Penney's) (NYSE: JCP) is a chain of American mid-range department stores based in Plano, Texas, a suburb north of Dallas. The company operates 1,107 department stores in all 50 U.S. states[2] and Puerto Rico.[3] JCPenney also operates catalog sales merchant offices nationwide in many small markets.
Most JCPenney stores are located in suburban shopping malls. Previously, most stores were located in downtown areas. As shopping malls became more popular in the latter half of the 20th century, JCPenney followed the trend by relocating its stores to anchor the malls. In more recent years, the chain has continued to follow consumer traffic, echoing the retailing trend of opening some standalone stores, including some next door to competitors. Certain stores are located in power centers and can be considered big-box stores. The company has been an Internet retailer since 1998. It has streamlined its catalog and distribution while undergoing renovation improvements at store level.
ASA, through its Dryden Flight Research Center, is involved in the Environmental Research Aircraft and Sensor Technology (ERAST) program, which has been developing high-altitude and long-endurance UAVs that will go slower, higher, and longer. The goal of ERAST is to develop aeronautical technologies that will lead to a new family of UAVs that will fly at subsonic speeds—as slow as 24 kilometers per hour—at altitudes as high as 30 kilometers for continuous missions as long as 96 hours. A recent product of this program is a solarpowered UAV with a 75-meter wingspan that is designed to remain in the stratosphere for months at a time.
Growth and Trade Projections for Aircraft
While 10- and 20-year forecasts look good for the world aircraft market, the next 5 years do not hold similar promise. The value of U.S. aircraft shipments was expected to increase 8.8 percent in 1999 over 1998 and then decrease 20 percent in 2000 (see Table 21-6). Shipments are expected to decline about 2 percent a year from 2000 through 2004. In part, this is due to a lack of growth in economies in northeastern Asia, which is a major market for twin-aisle (wide-body) commercial aircraft. Regional jets (those with fewer than 100 seats) are in strong demand for new routes and are replacing single-aisle commercial and turboprop aircraft on current routes. Since U.S. manufacturers represent only a small share of the regional jet market and capacity, they could be affected adversely by Asian airlines’ decisions to reduce aircraft size as they purchase new aircraft. U.S. helicopter and general aviation production also seemed to be peaking in 1999.
Top Airlines Carriers
Industry Players
Boeing: Boeing is the world's leading aviation company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing operates the Space Shuttle and International Space Station. The company also provides numerous military and commercial airline support services. Source:Boeing
Airbus Industry: Airbus is one of the world's leading aircraft manufacturers, and it consistently captures approximately half or more of all orders for airliners with more than 100 seats. Airbus' mission is to provide the aircraft best suited to the market's needs and to support these aircraft with the highest quality of service. The Airbus product line comprises 14 aircraft models, from the 100-seat single-aisle A318 jetliner to the 525-seat A380 - which will be the largest civil airliner ever when it enters service. Source:Airbus
United Technologies: United Technologies Corporation (UTC) is a diversified company who not only manufactures Pratt & Whitney aircraft engines and Sikorsky helicopters, but also their products include Carrier heating and air conditioning. Add to that other products such as Hamilton Sundstrand aerospace systems and industrial products, Otis elevators and escalators, UTC Fire & Security systems and UTC Power fuel cells. Source:United Technologies Corporation
Lockheed Martin: active in aeronautics, electronic systems, information systems & global services and space systems. Source:Lockheed Martin
AMR/American Airlines: AMR is the parent company of American Airlines and American Eagle Airlines. American Airlines is the world's largest airline. American, American Eagle and the American Connection regional airlines serve more than 250 cities in more than 40 countries and territories with approximately 3,900 daily flights. The combined network fleet numbers more than 1,000 aircraft. Source:American Airlines
United Airlines: United Airlines operates more than 3,600 flights a day on United®, United Express® and TedSM to more than 210 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. Source:United Airlines
Recent Trends and Developments
Shipments of aerospace products were expected to increase in value about 7 percent in 1999 over the 1998 level and decrease about 12 percent in 2000 compared with 1999. Aerospace shipments are estimated to increase about 3 percent per year from 2001 through 2004. U.S. defense procurement in FY 1999 was expected to increase 22 percent for aircraft and 11 percent for missiles and space vehicles from FY 1998 levels. An increase in military procurement in FY 2000 suggests that the decline in defense spending has stopped and that such spending will climb through FY 2004.
Most JCPenney stores are located in suburban shopping malls. Previously, most stores were located in downtown areas. As shopping malls became more popular in the latter half of the 20th century, JCPenney followed the trend by relocating its stores to anchor the malls. In more recent years, the chain has continued to follow consumer traffic, echoing the retailing trend of opening some standalone stores, including some next door to competitors. Certain stores are located in power centers and can be considered big-box stores. The company has been an Internet retailer since 1998. It has streamlined its catalog and distribution while undergoing renovation improvements at store level.
ASA, through its Dryden Flight Research Center, is involved in the Environmental Research Aircraft and Sensor Technology (ERAST) program, which has been developing high-altitude and long-endurance UAVs that will go slower, higher, and longer. The goal of ERAST is to develop aeronautical technologies that will lead to a new family of UAVs that will fly at subsonic speeds—as slow as 24 kilometers per hour—at altitudes as high as 30 kilometers for continuous missions as long as 96 hours. A recent product of this program is a solarpowered UAV with a 75-meter wingspan that is designed to remain in the stratosphere for months at a time.
Growth and Trade Projections for Aircraft
While 10- and 20-year forecasts look good for the world aircraft market, the next 5 years do not hold similar promise. The value of U.S. aircraft shipments was expected to increase 8.8 percent in 1999 over 1998 and then decrease 20 percent in 2000 (see Table 21-6). Shipments are expected to decline about 2 percent a year from 2000 through 2004. In part, this is due to a lack of growth in economies in northeastern Asia, which is a major market for twin-aisle (wide-body) commercial aircraft. Regional jets (those with fewer than 100 seats) are in strong demand for new routes and are replacing single-aisle commercial and turboprop aircraft on current routes. Since U.S. manufacturers represent only a small share of the regional jet market and capacity, they could be affected adversely by Asian airlines’ decisions to reduce aircraft size as they purchase new aircraft. U.S. helicopter and general aviation production also seemed to be peaking in 1999.
Top Airlines Carriers
Industry Players
Boeing: Boeing is the world's leading aviation company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing operates the Space Shuttle and International Space Station. The company also provides numerous military and commercial airline support services. Source:Boeing
Airbus Industry: Airbus is one of the world's leading aircraft manufacturers, and it consistently captures approximately half or more of all orders for airliners with more than 100 seats. Airbus' mission is to provide the aircraft best suited to the market's needs and to support these aircraft with the highest quality of service. The Airbus product line comprises 14 aircraft models, from the 100-seat single-aisle A318 jetliner to the 525-seat A380 - which will be the largest civil airliner ever when it enters service. Source:Airbus
United Technologies: United Technologies Corporation (UTC) is a diversified company who not only manufactures Pratt & Whitney aircraft engines and Sikorsky helicopters, but also their products include Carrier heating and air conditioning. Add to that other products such as Hamilton Sundstrand aerospace systems and industrial products, Otis elevators and escalators, UTC Fire & Security systems and UTC Power fuel cells. Source:United Technologies Corporation
Lockheed Martin: active in aeronautics, electronic systems, information systems & global services and space systems. Source:Lockheed Martin
AMR/American Airlines: AMR is the parent company of American Airlines and American Eagle Airlines. American Airlines is the world's largest airline. American, American Eagle and the American Connection regional airlines serve more than 250 cities in more than 40 countries and territories with approximately 3,900 daily flights. The combined network fleet numbers more than 1,000 aircraft. Source:American Airlines
United Airlines: United Airlines operates more than 3,600 flights a day on United®, United Express® and TedSM to more than 210 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. Source:United Airlines
Recent Trends and Developments
Shipments of aerospace products were expected to increase in value about 7 percent in 1999 over the 1998 level and decrease about 12 percent in 2000 compared with 1999. Aerospace shipments are estimated to increase about 3 percent per year from 2001 through 2004. U.S. defense procurement in FY 1999 was expected to increase 22 percent for aircraft and 11 percent for missiles and space vehicles from FY 1998 levels. An increase in military procurement in FY 2000 suggests that the decline in defense spending has stopped and that such spending will climb through FY 2004.