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for westinghouse to file bankruptcy less than 90 days into a new republican administration with a focus on defense, nationalism, and domestic business is a pret
by iamacynic 10y ago
for westinghouse to file bankruptcy less than 90 days into a new republican administration with a focus on defense, nationalism, and domestic business is a pretty obvious move to get either a bailout or absorbed into DoD or DoE.
and i'm pretty sure the secretary of defense "understands" the people who run his entire nuclear fleet are sort of important, the question is, does rick perry? magic 8 ball says: reply hazy.
- kesselvon 10y agoWestinghouse is a Japanese subsidiary now. It's basically a move to GTFO out of the nuclear power market
- iamacynic 10y agoso then, sounds like quickest and cheapest (bankruptcy) way to do that is to get that division absorbed by another defense contractor or the gubmint.
- masklinn 10y ago> It's basically a move to GTFO out of the nuclear power market Except the losses come from the construction of new reactors (the AP1000 for the Vogtle and Summer plants), not the operation of them.
- fnordfnordfnord 10y agoWestinghouse's business model was to try to break even on construction and make money servicing and selling fuel rod assemblies.