Floor Felten of Brisbane Airport on meeting challenges head on

first_img“We have put together a good strategy for the company, and the challenge is to execute this strategy while also still adapting to constant change around us. Technology brings a lot of opportunities to the business and is very dynamic. It challenges us to become more agile in our adoption of new technology,” Felten notes.That adaptation will, of course, require fresh insights and new ways of thinking, and Felten offers some advice for anyone considering joining the aviation industry: “Go with your strengths and passion. Make sure you enjoy and are interested in what you are studying! You will learn your life long and there are not many people who spend their whole life in the same area they studied.”Crucially, Felten says, “the aviation industry offers very different job opportunities from technical, financial, commercial to operational roles. So there are a lot of ways to get in to aviation. Don’t let anybody tell you can’t do it — maybe not yet, but don’t shy away from a challenge. It will be a learning experience. And if you fail, that is not a bad thing: the best lessons come from failure.”And now, she notes, “I work with interesting and great people on complex problems or opportunities. Every day is different at an airport and I love the diversity in the job!”Brisbane is one of Australia’s most important airports. Image: Brisbane AirportRelated Articles:Dulles team reminds women that airport management is a career optionPittsburgh International Airport’s recovery fueled by girl powerDublin Airport’s Valerie Price on driving change and innovationPursuing Leadership: Delta SVP Allison Ausband’s advice to womenOp-Ed: A woman’s place is in the flight deck and the C-SuiteAirport concessions overseer Juanita Britton began career as busy beeFrom Sydney to Doha, Fordyce-Wheeler helps airport design take offWendy Francette-Williams’ mission: transform Caribbean aviationDelhi airport’s Kiran Jain on being proud to be an Alpha Woman Felten’s career at Schiphol prepared her well for this sort of strategic management challenge, with a wide variety of roles, largely technical, from maintenance to information technology to project management and sustainability. “In my last role I was responsible for asset management at Schiphol: the development and maintenance of all the infrastructure, terminals, runways, roads, utilities, et cetera,” Felten tells Runway Girl Network.“I always had a wish to work more internationally so when I got the opportunity to go on a secondment to Brisbane Airport for three to five years I jumped at the opportunity and moved with my family to Australia half a year ago.”The scale of the expansion is itself challenging. Image: Brisbane AirportFelten spent the first seven years of her career in the steel industry, which she describes as “a very technical, rough and male dominated environment, where I discovered that being different — female, without a technical background — actually enabled me to add a lot of value to the organization. I could bring things that were very scarce in that organization and that gave me lots of opportunities and learning experiences. It was very challenging at times, but it’s been one of the best and most impactful experiences in my career.”That career started with a Business Administration degree in university, which suited the market at the time, and Felten highlights what many students and people considering careers in aviation know: the industry and its people needs are changing rapidly.“Like many, I think I was always attracted by the dynamics of aviation. Connecting people, enabling people to travel, airports as the places that bring the people and the planes together — but also interesting in the sense of its complexity, technology and diversity of work,” Felten says, highlighting that her key to success has been “a good mix of hard work, always eager to learn and not afraid to take on a challenge, combined with some luck, would probably sum it up. I’ve been fortunate with the opportunities I’ve had.The new runway is a crucial step to expansion for the airport. Image: Brisbane AirportIn Brisbane, Felten arrives in the office around 8am, and spends most of her day discussing the issues at hand with the airport team, airlines, government agencies, universities, and startups. With responsibility for innovation and the digital space, she’s always on the lookout for new technologies that can improve passenger experience and the airport’s operations, and she gets into the terminals and airside operations to get a feel for how it’s all going. When Floor Felten, executive general manager for strategy, planning and technology at Brisbane Airport, arrived in Australia after sixteen years working at Amsterdam Schiphol, the challenges facing her weren’t just adjusting to the work and social culture in a country on the other side of the planet from her native Netherlands.In Brisbane, she drives the strategy for one of Australia’s principal airports (and the largest by size, some 2700 hectares), planning capacity, business development, the digital world and overall technology implementations. It’s no mean feat with a new airport master plan due next year covering the next twenty, and a new runway for the airport due to be completed within the next year.last_img

Press Release Raytheon and UTC businesses to combine

first_imgRaytheon 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.center_img 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.last_img