A plan to require travelers between the U.S. and Canada to carry passports is harming cross-border tourism, officials say. Planners are reluctant to book events in advance. Some Americans are already staying away from Canada because they think the requirement is already in place. Authorities will require passports starting Jan. 1, 2008.
Airlines around the world will continue to demand new planes through 2009, aerospace analysts say. Most new demand has come from international airlines. However, orders to U.S. factories in January fell because of a large drop in demand for commercial and military airplanes.
General Dynamics will expand its Gulfstream Aerospace unit in Savannah, which builds business jets, to meet higher demand for its planes. "In the past four years we've seen strong, steady growth in our industry," Gulfstream President Bryan Moss said.
Northrop Grumman plans to shut down its computer resale unit. Northrop in January said it planned to leave the business. Revenue at the business has fallen because equipment makers have started selling directly to the government.