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2007 sources of Indiana's revenue. Taxes in Indiana are almost entirely authorized at the state level, although the revenue is used to fund both local and state level government. The state of Indiana's income comes from four primary tax areas. Most state level income is from a sales tax of 7% and a flat state income tax of 3.05%. The state also ...
Indiana has a 7% state sales tax. [111] The tax rate was raised from 6% on April 1, 2008, to offset the loss of revenue from the statewide property tax reform, which is expected to significantly lower property taxes. Previous to this it was 5 percent from 1983 to 2002. It was 6 percent from 2002 to 2008. The rate currently stands at 7 percent.
BAE Systems Inc. (formerly BAE Systems North America) is an American subsidiary of British multinational defense, security, and aerospace company BAE Systems plc.The American subsidiary operates under a Special Security Agreement which allows it to work on some of the most sensitive United States defense programs despite its foreign ownership. [2]
Sierra Nevada Corporation (also styled SNC) is an American aerospace, defense, electronics, engineering and manufacturing corporation [4] that specializes in aircraft modification, integration and other space technologies. [5] The corporation contracts with the Defense Department, NASA, and private spaceflight companies.
TransDigm was formed in 1993 [2] under the name TD Holding Corporation. [3] It was founded with an initial equity investment of $10 million. [4]: 228 The company was created by founders W. Nicholas Howley and Douglas Peacock, along with private equity firm Kelso & Company, in order to acquire and consolidate four industrial aerospace companies from IMO Industries Inc. in a leveraged buyout.
In 2009 it ranked 362nd on the Fortune 500 list, and 11th in the aerospace and defense industry. [3] In 2015 it ranked 322nd overall and 9th in the aerospace and defense industry. [4] In 2014 it ranked 133rd on the S&P 500 based on market capitalization. [5] In January 2016, the company became a wholly owned subsidiary of Berkshire Hathaway. [2]