The Chinese company becomes the majority shareholder, a broker is paid a fee for the introduction, and an 8-k (material change in the company) is filed.
Terry Fogarty, in charge of unmanned systems at Kaman, says that the single-pilot-manned K-MAX can be flown up to 12 hours a day on logging operations, requiring a change of pilots.
His intervention comes at a time when the U.K. economy has flat-lined for three years and amid speculation that the Treasury is considering a change to the BOE's inflation target.
If states used teacher retirement plans with smooth accrual of benefits over a career, then having to change retirement systems mid-career would be no worse than having two different 401(k) accounts from stints at two different firms.