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FARNBOROUGH, England (Reuters) - General Atomics Aeronautical Systems Inc said on Tuesday it had been selected by the Dutch Ministry of Defence to provide unmanned aircraft to the Royal Netherlands Air Force. The maker of the U.S. military’s Predator drones said it would offer a Predator B variant of the remotely piloted aircraft, called MQ-9 Reaper. The deal for the drones was first approved as a Foreign Military Sale by the U.S. State Department in 2015, when it was valued at $339 million. No value was disclosed on Tuesday.
The Dutch government said the intent sterling silver & bronze ornate square cufflinks to purchase was announced in 2016 as part of the Medium Altitude Long Endurance Unmanned Aerial Vehicle program, Sources had told Reuters on Friday the deal would be signed, The multi-mission Predator B is a long-endurance unmanned aircraft that can be used for intelligence, surveillance, and reconnaissance, as well as targeting missions, The aircraft has a payload capacity of about 1,747 kilograms with a maximum altitude of 45,000 feet, or 13700 meters, and can stay aloft for up to 26 hours, General Atomics said..
NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. Solomon’s promotion from his current role as president and chief operating officer comes months after the 56-year-old investment banker was first reported as next in line to succeed longtime CEO Lloyd Blankfein. His first day in charge is October 1. “David is the right person to lead Goldman Sachs,” Blankfein said in a statement. “He has demonstrated a proven ability to build and grow businesses, identified creative ways to enhance our culture and has put clients at the center of our strategy. Through the talent of our people and the quality of our client franchise, Goldman Sachs is poised to realize the next stage of growth.”.
The change comes at a turning point for Goldman Sachs, which is trying to generate another $5 billion in annual revenue by growing its fledgling consumer bank, squeezing more from businesses like asset management and changing the way it approaches trading, Management detailed parts of that plan last September after years of insisting that Goldman’s once-lucrative trading business sterling silver & bronze ornate square cufflinks would come roaring back to life when markets picked up, Instead, since 2009, Goldman’s annual trading revenue has declined by $20.8 billion..
Unlike Blankfein, who rose through the trading ranks to become CEO, Solomon made a name for himself advising corporations on financing and strategy in Goldman’s investment bank. He joined as a partner in 1999 after working in commercial paper, junk bonds and leveraged finance at firms including Salomon Brothers, Drexel Burnham Lambert and Bear Stearns. Alan Schwartz, executive chairman at Guggenheim Partners who worked with Solomon at Bear in the 1990s, said he showed natural leadership qualities early in his career.
“David is a very good big picture thinker while at the same time staying on top of all the details,” Schwartz said, “Finding both in one individual is unusual.”, Several Goldman bankers who spoke to Reuters said employees in the business have been celebrating Solomon's triumph in a long succession race, sterling silver & bronze ornate square cufflinks (reut.rs/kPAtnJ), Though he was considered a “dark horse” candidate years ago, Solomon managed to outlast a number of rivals, including several from the trading business, Among them are former longtime chief operating officer Gary Cohn, who left Goldman last year for a role in President Donald Trump’s White House that he has since departed, and former co-chief operating officer Harvey Schwartz, who left the bank in April after Solomon was chosen as Blankfein’s successor..
Through most of its history, Goldman has alternated between traders and bankers as CEOs. There is natural tension between the two sides of the house at most Wall Street banks, especially after the trading losses and scandals that stemmed from the 2007-2009 financial crisis. Nonetheless, Solomon will have to get traders and bankers to cooperate on the revenue growth plan, which depends partly on the idea that customers should rely on Goldman Sachs not just for merger advice or stock offerings, but for all their borrowing, trading and money management needs.
He may also pursue acquisitions to bolster Goldman’s consumer banking operation, or expand into areas like corporate cash management, News of Solomon’s appointment came on the same day Goldman reported second-quarter results, which showed a 44 percent profit rise but ongoing struggles in trading, Beyond the business turnaround, Solomon’s legacy will depend on whether he can fill Blankfein’s shoes, The 63-year-old CEO, who took the helm in 2006, oversaw Goldman Sachs through its most difficult period in modern history, involving a taxpayer bailout sterling silver & bronze ornate square cufflinks during the financial crisis, protests over Goldman’s role in the crisis and massive regulatory changes that curtailed some of its most lucrative businesses..
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