The goal of industrial asset management, or IAM, is to maximize the value of a company's assets. An effective IAM solution can make the business more efficient, reduce downtime and improve service delivery. And yet, for many companies, the current IAM operating model just isn't cutting it. For original equipment manufacturers or OEMs in particular, the IAM function leaves a great deal of unrealized potential on the table – in some instances, up to 20 percent service cost reduction, 15 percent revenue enhancement, and 15 percent asset up-time improvement.

China's investment of billions of dollars in a domestic commercial aviation industry has yet to result in a commercially viable aircraft and is unlikely to do so for the foreseeable future, according to a new RAND Corporation study.

SAI Global Compliance, a provider of governance, risk and compliance (GRC) products, services and technology, is offering complimentary use of a video-based ethical awareness to aerospace and defense, and manufacturing organizations with global operations, through May 15, 2014.

Should we allow U.S.-flag merchant shipping to go the way of the passenger pigeon, the wooly mammoth and the Great Auk?

Buyers and sellers appear generally optimistic about the prospects for trade and the economy this year. Let's hope they're not whistling in the dark.