Styled by Style HawkPhotographs by Lissa GotwalsCreative direction by Jesma ReynoldsSpring is a time of renewal. Time to shed winter layers, simplify, and look forward. Walter asked six Raleigh women of uncommon style, presence, and accomplishment to allow us to photograph them in some of the season’s freshest looks. Raleigh stylists Helen Wallace and Alex Long helped each woman choose clothes that suited her individual style – something they do regularly with their business, Style Hawk. Clothes, Wallace and Long say, have power. “Looking and feeling your best will give you an inner confidence,” they say. “Don’t take yourself too seriously. Be true to who you are and don’t be afraid to take risks.” Raleigh’s restored Merrimon-Wynne House served as the light-filled setting for our photo shoot, lending a timeless aura to photographs of individual beauty and classic chic.Melissa PedenRaleigh native Melissa Peden has been a groundbreaking force in the art world here for several decades. She is also the mother of three adult children, the grandmother of four, and the wife of artist Robert Irwin. An art gallery owner for many years and a pioneer of the open-door First Fridays that thrive today, she has also served on the boards of the North Carolina Museum of Art, the Contemporary Art Museum, and Raleigh Fine Arts Society, among others. She is currently on the NCMA’s Artists’ Link Team and on the capital campaign committee for N.C. State’s Gregg Museum.Describing her own style, Peden says “At this point in life, I am simplifying, and not just in what I wear.” She says a friend describes her look as “classic with an edge.” Peden she says she liked “the elegance of the long skirt and the casual shirt” she wears here. “Elegance combined with casual, I like very much.” MiH white shirt, Beanie + Cecil, Wilmington; Isabel Marant skirt, Vermillion,Raleigh; Necklace + jewelry, Raleigh Denim and model’s own; Suede flats, Main & Taylor, RaleighJodi StrenkowskiJodi Strenkowski, 30, is the owner of the Merrimon-Wynne House. It was the site of our Style shoot and, since it opened in January, has been the location of many weddings, fundraisers and festivities. A native of Ontario, Strenkowski has called Raleigh home for 3 years.“I loved that the outfit really felt like something that I would normally wear,” she says of her clothes here, “It was a mix of business and fun, and it felt like something that I could wear from a meeting to a night out…it made me feel happy and super comfortable.” Haute Hippie blazer, Gena Chandler Raleigh; Tank, T by Alexander Wang, Beanie + Cecil, Wilmington; ‘Haywood’ High-rise jeans, Raleigh Denim; Vans shoes, J.Crew Crabtree Valley Mall, Raleigh; Necklace, Quercus Studio, RaleighCarmen FelderCarmen Felder, 26, is a dancer with the Carolina Ballet. Despite her obvious grace, she describes herself as “eclectic,” if not “an oddball.” That’s because her interests are so varied, ranging from reading for hours on end, to knitting, to cheering on the Carolina Hurricanes. She is also a fan of Olympic sports. “I am, in fact, one of those people who love curling,” she says.As for style, Felder says she loved her clothes in this photo. “I felt sophisticated in the outfit,” she says. “The sweater reminded me a little of a vintage tennis game, and I loved how long and tall I felt in the pants. I would wear it again in an instant.” Rag & Bone Talia Sweater and MiH Marrakesh Flares, Beanie + Cecil, WilmingtonShannon WolfShannon Wolf, 40, is the co-owner, with her husband Jake, of the downtown restaurant Capital Club 16. She is also a freelance writer and TV producer who over the past 15 years has worked for networks including Oxygen, Discovery, VH1 and others. At the restaurant, she does “a lot of the behind the scenes things,” including events. She is also the mother of two children, ages 4 and 6.“The outfit was definitely something I would wear on the regular. I love Raleigh Denim – a definite go-to of mine. The blouse is very pretty, classic mixed with lovely lace, and the hat perfect for a sunny day and picnics in the park.” Haute Hippie blouse, Gena Chandler Raleigh; ‘Surry’ Jeans, Raleigh Denim; Hat, Raleigh Denim; Jewelry and boots, model’s ownEve HobgoodEve Hobgood, 36, is a photographer whose Petite Simone Photography business specializes in children and families. She is the mother of two children, ages 2 and 3, and a recent Raleigh resident after eight years in New York City.“The Row dress that I wore was absolutely gorgeous,” she says. “It made me feel beautiful, it fit perfectly, and all I wanted to do was wear it home and never take it off! Hint hint to my man.” The Row dress, Vermillion, Raleigh; Brass cuff, Raleigh Denim; Earrings, model’s ownAnn WhitehurstAnn Whitehurst, 36, is an associate creative director at a marketing agency, the mother of two children, ages 1 and 3, and a North Carolina native. She describes herself as an optimist, an artist, a writer, and a strategist. “I love watching my kids learn anything,” she says. She also loves “creating anything, and being outside – close to the ocean, and being in the mountains.” She says her personal style is “classic with a hint of the unexpected.”“I love that fashion gives us the opportunity to be fearless, even if it’s in small ways,” she says. “That’s what I loved about the dress — it was so simple and flattering, but the midriff cutout gave it a little bohemian edge.” A.L.C dress, Beanie + Cecil, Wilmington; Feather cuff with diamonds, Quercus Studio RaleighStyle Hawk’s Essentials for Springtop row from left:H&M Long Jacket – Triangle Town Center, Crabtree Valley Mall, and hm.comJ.Crew Prima jersey pocket tank – Crabtree Valley Mall and jcrew.comCalypso St. Barth tunic – Fleur North Hills, Raleighmiddle row from left:J.Crew Vans – Crabtree Valley Mall and jcrew.comJane Pope Jewelry + Style Hawk collab. – Evil eye necklace with white diamond – style-hawk.com, janepopejewelry.comGap Espadrille sandals – Crabtree Valley Mall and other area locations, and gap.combottom row from left:Madewell High riser skinny skinny jeans – Crabtree Valley Mall and madewell.comMadewell Flea market flares – Crabtree Valley Mall and madewell.comStyle Hawk’s Alex Long and Helen Wallace
ATR’s vice president and head of marketing Zuzana Hrnkova joins RGN deputy editor John Walton to talk about the past, present and future of the turboprop airframer.What is ATR, and where do its two aircraft types, the ATR 72 and 42, fit in the aviation spectrum? How are they different from the rest of the market? Why are turboprops more efficient, with a lower environmental impact, than jet aircraft? What’s the ATR-42S short-takeoff-and-landing version, and why is ATR proposing it? Just how many missions need an 800-metre runway, and where?How has the passenger experience aboard ATR’s turboprops changed over the years, and how has the Armonia cabin helped? Just how have ATR and Geven fit 18-inch-wide seats into a turboprop fuselage, and are airlines still requesting seats with recline?And lastly, how is ATR’s work to bring induction loop technology for Deaf and hard of hearing passengers going? What is the solution looking like, and how will it be implemented? Listen below for answers.Also, every episode of In Conversation is available on iTunes. A transcript of this podcast will also be published on this page shortly: please email firstname.lastname@example.org with any feedback on formatting or with any recommendations for increasing its accessibility to the widest possible audience.Audio Playerhttps://audio.simplecast.com/a8500211.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.
Raytheon Company and United Technologies Corp. have entered into an agreement to combine in an all-stock merger of equals.The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense.The merger of Raytheon, a leading defense company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defense technologies.The combined company, which will be named Raytheon Technologies Corporation, will offer expanded technology and R&D capabilities to deliver innovative and cost-effective solutions aligned with customer priorities and the national defense strategies of the U.S. and its allies and friends. The combination excludes Otis and Carrier, which are expected to be separated from United Technologies in the first half of 2020 as previously announced.The combined company will have approximately $74 billion in pro forma 2019 sales. With a strong balance sheet and robust cash generation, Raytheon Technologies will enjoy enhanced resources and financial flexibility to support significant R&D and capital investment through business cycles.Under the terms of the agreement, which was unanimously approved by the Boards of Directors of both companies, Raytheon shareowners will receive 2.3348 shares in the combined company for each Raytheon share. Upon completion of the merger, United Technologies shareowners will own approximately 57 percent and Raytheon shareowners will own approximately 43 percent of the combined company on a fully diluted basis.The merger is expected to close in the first half of 2020, following completion by United Technologies of the previously announced separation of its Otis and Carrier businesses. The timing of the separation of Otis and Carrier is not expected to be affected by the proposed merger and remains on track for completion in the first half of 2020. The merger is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes.“Today is an exciting and transformational day for our companies, and one that brings with it tremendous opportunity for our future success. Raytheon Technologies will continue a legacy of innovation with an expanded aerospace and defense portfolio supported by the world’s most dedicated workforce,” said Tom Kennedy, Raytheon Chairman and CEO. “With our enhanced capabilities, we will deliver value to our customers by anticipating and addressing their most complex challenges, while delivering significant value to shareowners.”“The combination of United Technologies and Raytheon will define the future of aerospace and defense,” said Greg Hayes, United Technologies Chairman and CEO. “Our two companies have iconic brands that share a long history of innovation, customer focus and proven execution. By joining forces, we will have unsurpassed technology and expanded R&D capabilities that will allow us to invest through business cycles and address our customers’ highest priorities. Merging our portfolios will also deliver cost and revenue synergies that will create long-term value for our customers and shareowners.”Combination to Create Long-Term ValueBalanced and diversified aerospace and defense portfolio that is resilient across business cycles: The merger establishes a broad and complementary portfolio of platform-agnostic capabilities across the high-growth segments of aerospace and defense, reducing risk of concentration in any individual platform or program. Complementary company culture: The combined company will have a strong performance-based culture focused on integrity, collaboration, innovation, diversity and corporate social responsibility. Employees will have expanded opportunities for career development and advancement in high-growth areas, as well as ongoing engagement in local communities.Pro Forma Business StructureRaytheon plans to consolidate its four businesses into two businesses to be named Intelligence, Space & Airborne Systems and Integrated Defense & Missile Systems. The new businesses will join Collins Aerospace and Pratt & Whitney to form the four businesses of Raytheon Technologies.Pro Forma Capital StructureNet debt for the combined company at the time of closing is expected to be approximately $26 billion, with United Technologies expected to contribute approximately $24 billion. The combined company targets an ‘A’ category credit rating at the time of the closing.Leadership and GovernanceThe combined company’s Board of Directors will be comprised of 15 members, consisting of 8 directors from United Technologies and 7 from Raytheon, with the lead director from Raytheon. Tom Kennedy will be appointed Executive Chairman and Greg Hayes will be named CEO of Raytheon Technologies. Two years following the close of the transaction, Hayes will assume the role of Chairman and CEO.Raytheon Technologies will be headquartered in the greater Boston metro area, and will retain a corporate presence in existing locations. The company will be led by a highly experienced, proven leadership team with a strong track record of innovation, delivering on synergies, and meeting financial and customer commitments.Timing and ClosingThe transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, the approval of Raytheon and United Technologies shareowners, as well as completion by United Technologies of the separation of its Otis and Carrier businesses. As previously mentioned, the transaction is expected to close in the first half of 2020.2019 Financial Outlook There is no change to either Raytheon’s or United Technologies’ financial outlook for 2019.AdvisorsCitigroup Global Markets Inc. is acting as financial advisor to Raytheon, and RBC Capital Markets LLC provided a fairness opinion. Shearman & Sterling LLP is serving as legal advisor to Raytheon. Morgan Stanley & Co. LLC, Evercore, and Goldman Sachs & Co. LLC are acting as financial advisors to United Technologies. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to United Technologies.Conference CallA conference call to discuss the merger will be held tomorrow, June 10, 2019 at 8:00 a.m. EDT. Participants will include Tom Kennedy, Chairman and CEO of Raytheon; Greg Hayes, Chairman and CEO of United Technologies; Toby O’Brien, vice president and Chief Financial Officer of Raytheon; and Akhil Johri, executive vice president and Chief Financial Officer of United Technologies.The dial-in number for the conference call will be (877) 280-7280. The conference call will also be audiocast online at www.raytheon.com/ir and www.utc.com. Individuals may listen to the call and download charts that will be used during the call. These charts will be available prior to the call. Interested parties are encouraged to check the website ahead of time to ensure their computers are configured for the audio stream.Transaction WebsiteAdditional information on the merger and related materials can be found on a joint transaction website at www.futureofaerospacedefense.com.About RaytheonRaytheon Company is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation, Raytheon provides state-of-the-art electronics, mission systems integration, C5I® products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts.About United TechnologiesUnited Technologies Corp., based in Farmington, Connecticut, provides high technology products and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. Highly complementary technology and R&D platform: With a combined annual company and customer funded R&D spend of approximately $8 billion, seven technology Centers of Excellence, and over 60,000 engineers, the company will develop new, critical technologies faster and more efficiently than ever before. Areas of joint advancement include, but are not limited to: hypersonics and future missile systems; directed energy weapons; intelligence, surveillance, and reconnaissance (ISR) in contested environments; cyber protection for connected aircraft; next generation connected airspace; and advanced analytics and artificial intelligence for commercial aviation. Attractive financial profile with strong cash flow generation and balance sheet: Robust free cash flow growth and a strong balance sheet will support continued investment and return of capital to shareowners. The combined company expects to return $18 to $20 billion of capital to shareowners in the first 36 months following completion of the merger. As a result of the combination, the company also expects to capture more than $1 billion in gross annual run-rate cost synergies by year four post-close, with approximately $500 million in annual savings returned to customers. In addition, the combination presents significant long-term revenue opportunities from technology synergies.