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Aerospace Jam: Russia’s Su-34 Bomber to Hide Entire Squadron From Enemy Radar – Sputnik International

In an interview withSputnik, Russian military expert and chief editor ofthe magazine Arsenal Otechestva Viktor Murakhovsky, touted the Tarantul aircraft electronic countermeasures system, which he said will help the Russia’s Su-34 strike fighter toeffectively protect other strike fighters fromenemy radar.

Right now, the Su-34 is equipped withthe Khibiny aircraft electronic countermeasures system, which was developed byRadio-Electronic Technology Concern (KRET), Russia’s largest radio-electronics holding company, founded in2009.

Installed onthe wingtips ofSu-34s, the Khibiny system provides the jets withelectronic warfare capabilities and enables them tocarry outeffective electronic countermeasures againstradar systems, anti-aircraft missile systems and airborne early warning and control aircraft.

“The [Khibiny] system is quite effective, butfor the time being it mainly provides individual protection forthe [Su-34] aircraft,” Murakhovsky said, adding that KRET is finalizing the development ofan aircraft electronic countermeasures system capable ofproviding group protection.

Separately, Murakhovsky referred toanother such system, which is being developed bythe Kaluga Radio Engineering Research Institute outsideMoscow.

“After that, the modernized Su-34 fighter bombers will enter service withthe Russian Aerospace Forces; they will effectively appear inour VCS, which will effectively provide radio electronic protection tothe other warplanes ofa strike group,” he said.

Earlier this week, Russian Deputy Defense Minister Yury Borisov said that Russia’s Aerospace Forces will get 16 new Su-34 fighter bombers beforethe end of2017, while the modernization ofthe aircraft will start in2018.

According tothe deputy defense minister, the Novosibirsk Aircraft Production Association has a long-term contract withthe Russian Defense Ministry forthe production ofa total of92 Su-34 strike fighters.

Borisov stressed that Su-34 aircraft have proved highly effective inthe fight againstterrorists inSyria.

In particular, it is worth mentioning that duringthe Syrian campaign, the Su-34 made effective use ofits onboard arsenal ofa 30 mm cannon, air-to-air and air-to-surface missiles and KAB-500S laser-guided bombs, allowing it todestroy terrorist infrastructure facilities and command centers.

Photo: Russian Defense Ministry

Based onthe Su-27 fighter, the Su-34 is a 4++ generation jet, which can accelerate toa maximum speed of1,200 mph (1,931 km) and can fly 2,500 miles (4,023 km) withoutrefueling.

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Aerospace Jam: Russia’s Su-34 Bomber to Hide Entire Squadron From Enemy Radar – Sputnik International

Proposals to link tax breaks to employment put jobs ‘at risk,’ Boeing says – Puget Sound Business Journal (Seattle)

Proposals to link tax breaks to employment put jobs 'at risk,' Boeing says
Puget Sound Business Journal (Seattle)
The unions noted the Legislature-approved deal with Boeing in 2013 extended $8.7 billion of tax incentives to the aerospace industry. Instead of increasing aerospace jobs in Washington state as the Legislature intended and the public expected, the

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Proposals to link tax breaks to employment put jobs ‘at risk,’ Boeing says – Puget Sound Business Journal (Seattle)

Accenture: Pause, Growth Coming To Commercial Aerospace – Aviation Week

The commercial aerospace manufacturing sector likely will see a pause in new orders this year. But with providers racing to deliver as many large commercial aircraft as possible on backorder, the sector actually could double its growth rate from 2016 and keep growing, Accenture said in its latest quarterly report. Its not a dot-com [company], but it shows good, solid growth in the long term, Jeff Wheless, Accentures global research leader for …

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Accenture: Pause, Growth Coming To Commercial Aerospace – Aviation Week

Aerospace, Defense Industry Exports Rise 52% In Five Years – Aviation Week

The U.S. aerospace and defense industry generated a $90 billion trade surplus in 2016, the largest of any industry, according to the Aerospace Industries Association. The industry shipped a record $146 billion of exports, up 52% over the past five years. Aerospace and defense exports account for 10% of all U.S. exports of goods and generate 1.7 million U.S. jobs and another 1.1 million indirect jobs.

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Aerospace, Defense Industry Exports Rise 52% In Five Years – Aviation Week

Shareholders approve BE Aerospace acquisition – Sun Sentinel

Airplane interior maker B/E Aerospace shareholders have approved the Wellington companys acquisition by Rockwell Collins of Iowa for $6.4 billion, which means the company will no longer be a Palm Beach County headquarters company.

The merger was approved at a special meeting of stockholders held on Thursday at the Hilton Palm Beach Airport in West Palm Beach. The merger was previously announced last Oct. 23.

B/E Aerospace has about 10,000 employees worldwide, though only a small percentage have been located at its headquarters in Wellington. In October 2016, the company notified state and local officials that it would close its manufacturing operation in Medley in Miami-Dade County and lay off 53 workers.

Corporate functions will be consolidated with Rockwell Collins headquarters in Cedar Rapids, Iowa, said Rockwell Collins spokeswoman Pamela Tvrdy-Cleary.

Under the merger agreement, B/E Aerospace stock will be canceled and shareholders converted into the right to receive $34.10 in cash and 0.3101 of a share of Rockwell Collins common stock, for each share owned. The total value is $64.38 a share, the two companies said.

The merger is still subject to certain closing conditions, but is expected to close during this spring.

For 2016, B/E Aerospacess operating earnings of $506.6 million increased 12 percent over $452 million a year ago. Net earnings and net earnings per diluted share were $311.1 million, or $3.08 a share, compared with $286 million, or $2.73 a share, in 2015..

Annual revenues were $2.9 billion, an increase of 7.4 percent compared with $2.7 billion in 2015

Combined, the companies have $8.1 billion in revenues, based on the latest numbers, said Patrick Allen, chief financial officer of Rockwell Collins.

When announcing the deal in October of last year, the companies said the merger would combine Rockwell Collins capabilities in flight deck avionics, cabin electronics, mission communications, simulation and training, and information management systems with B/E Aerospace’s cabin interior products, which include seating, food and beverage preparation and storage equipment, lighting and oxygen systems, and modular galley and lavatory systems for commercial airliners and business jets.

B/E Aerospace was founded in 1987 with the acquisition of Bach Engineering. In 1989, its primary competitor in the avionics business, EECO was acquired and the name was changed to B/E Avionics. In April 1990, the company went public on Nasdaq, raising about $12 million.

In the ensuing years, B/E Aerospace acquired several cabin interior equipment companies, and in 2008, Honeywells consumables solutions business was acquired. That made B/E Aerospace a top distributor of aerospace fasteners, and maintenance and repair supplies.

In 2014, the companys aerospace distribution and energy services business was spun-off to form KLX, also based in Wellington.

mpounds@sunsentinel.com or 561-243-6650, twitter: @marciabiz

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Shareholders approve BE Aerospace acquisition – Sun Sentinel

Dow’s Boeing Is Sky High, But These Aerospace Stocks Near Buy Points – Investor’s Business Daily

Textron could get a boost from the Air Force as it experiments with low-cost attack planes, and the company’s Scorpion jet is reportedly an option. (Textron)

Here’s your Investing Action Plan for Friday: what you need to know as an investor for the coming day.

The February jobs report will set the tone for the rest of the day, and a positive reading could shake the Dow Jones industrial average out of its recent funk. With earnings season largely over, many stocks have already broken out, broken down, or climbed past entry points. But a few opportunities remain in aerospace, even though Dow component Boeing (BA) has shot up to new highs recently.

Shares of Boeing closed down 0.6% at 180.57 on the stock market today, but have been heading for profit-taking sell territory, which starts at 192.20. While hopes are flagging for a tax overhaul that would benefit big exporters like Boeing, demand for commercial aircraft remains robust.

Meanwhile, other aerospace companies are along for the ride, and Boeing’s plans to design a new midrange plane and launch a stretch version of the 737 Max could add to suppliers’ order books.

Shares of Spirit Aerosystems (SPR) edged down 0.3% to 60.43 but remain near a 61.65 buy point. The stock broke out last week but promptly headed back below the entry.

Hexcel (HXL) also broke out last week but couldn’t stay in buy zone. On Thursday, it dipped 0.4% to 53.99, below a 55.21 entry.

Then there’s Textron (TXT), the maker of Cessna and Beechcraft planes and Bell helicopters. Shares fell 1.2% to 47.43 as they work their way through a flat base with a 51.03 buy point. Unlike the supplier stocks, Textron hasn’t cleared its threshold and lost it again.

The company could get a boost from the Air Force as it experiments with low-cost attack planes, and Textron’s Scorpion jet and Beechcraft AT-6 are reportedly options.

The Labor Department will release its monthly payroll report at 8:30 a.m. ET. Analysts expect a gain of 200,000 jobs for February, down from 227,000 in January, with the unemployment rate dipping to 4.7%. Monthly growth in average hourly earnings is expected to accelerate to 0.3% from 0.1%, potentially adding to signs that the tighter labor market is feeding inflationary pressures.

But barring a massive downside surprise, the data are unlikely to move markets that much as they have been pricing in a rate hike at the Federal Reserve’s meeting next week.

3/09/2017 Stratasys reported fourth-quarter earnings Thursday that beat estimates but guidance fell short.

3/09/2017 Stratasys reported fourth-quarter earnings Thursday that beat estimates but guidance…

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Dow’s Boeing Is Sky High, But These Aerospace Stocks Near Buy Points – Investor’s Business Daily

A Powerful Aerospace ETF | Benzinga – Benzinga

Following the November U.S. election, widely documented has been the potency of aerospace and defense stocks and exchange traded funds.

On the campaign trail, President Donald Trump pledged to boost defense spending by $55 billion to $80 billion. Whether or not the Trump administration and Congress can come together on increased defense spending that’s anywhere close to the president-elect’s objectives remains to be seen, but it’s clear that markets like the idea.

For example, the PowerShares Aerospace & Defense Portfolio (NYSE: PPA), although it has backed off its recent highs, is up nearly 6 percent year-to-date and 31 percent over the past 12 months.

PPA, which turned 11 years old in late October, tracks the SPADE Defense Index, which is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations, according to PowerShares.

After showing flat to declining growth since 2010, US defense orders which include aircraft, related parts and other military hardware produced by the Department of Defense have been trending upward and are now approaching 2010 highs as a result of revitalized defense spending that began under President Obama and looks to increase even more under President Trump. The presidents recently unveiled budget proposal calls for a 10% ($54 billion) increase in military spending, which is likely to be well-received by many members of the GOP-led Congress, said PowerShares in a recent note.

PPA holds 50 stocks. The ETF’s top 10 holdings combine for about 55 percent of its weight. Those top 10 holdings include Dow components Boeing Co. (NYSE: BA) and United Technologies Corp. (NYSE: UTX) as well as other blue-chip defense names such as General Dynamics Corp. (NYSE: GD) and Lockheed Martin Corp. (NYSE: LMT).

While defense spending fell for several years leading up to 2015, it’s worth noting that from 2009, the year President Obama took office, through 2015, PPA outperformed traditional, diversified industrial ETFs in all but two years.

In its January earnings call, Boeing executives indicated that they view aviation as a long-term growth industry, and that Boeing is seeing healthy passenger traffic and a modestly improving air cargo market conditions that are constructive for aircraft production, said PowerShares. If aircraft manufacturers manage order volume efficiently, the upward trend in commercial aircraft demand could flow through to the bottom line in the form of healthy profit growth.

Posted-In: aerospace Donald TrumpLong Ideas Sector ETFs Politics Top Stories Trading Ideas ETFs Best of Benzinga

2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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A Powerful Aerospace ETF | Benzinga – Benzinga

Ex-Im Bank the ‘lender of last resort’ for aerospace industry – The Hill (blog)

Weve all heard some version of this classic joke: An optimist falls off a 10-story building. As he passes the sixth story, someone yells from the window, Hows it going? The man yells back, So far, so good!

It seems many of the critics of the U.S. Export-Import (Ex-Im) Bank are optimists, trying to argue that U.S. manufacturers and the U.S. economy have managed just fine without the bank having the authority to approve financing of sales of more than $10 million.

The Ex-Im Bank recently reported it was only able to authorize $5 billion in financing last year, a quarter of its financing activity when it was last fully operational in 2014, and its lowest level in 40 years. This activity can be connected to the direct support of 52,000 jobs and $284 million in interest and fees from foreign customers sent to the U.S. Treasury.

This would not happen if as its critics mistakenly claim the Ex-Im Bank was providing subsidies instead of loans requiring repayment. Those numbers could have been much higher, with action on forty deals worth $30 billion that cannot be reviewed and approved until the Trump administration puts forward nominees for the banks five board of directors positions and fills a quorum.

The huge bipartisan majorities in both the House of Representatives and the Senate that reauthorized the Ex-Im Banks operations in late 2015 would take swift action to approve these candidates if given the chance.

This issue is not an academic exercise or a philosophical debate regarding the role of government in the economy, and it certainly is no joke to more than 6,000 U.S. companies in the civil aviation supply chain.

These small- and medium-sized suppliers are willfully overlooked by Ex-Im Bank critics who throw around terms like corporate welfare and crony capitalism as if large companies make every part of an aircraft all by themselves and reap all the benefits of export sales.

My organization, AIA, recently reported the U.S. aerospace and defense industry generated $146 billion in exports and a trade surplus of $90 billion in 2016, the largest of any sector. I can already hear the argument: If the Ex-Im Bank was not available to support this success, then why is it even necessary?

The answer is rooted in what the bank is, namely, a lender of last resort when private-sector financing is otherwise unavailable. While private export credit financing has become more readily available since the global financial crisis, there will always be sales that would benefit from the support of a government export credit agency like Ex-Im Bank.

The other point that is frequently missed is that close to 60 percent of this export value can be attributed to the American supply chain. These companies win twice when the Ex-Im Bank can offer financing that is otherwise unavailable for an aircraft export selling parts and components that are initially incorporated into the aircraft, then selling these same parts and components for a higher margin in the global maintenance aftermarket.

President Trump and Commerce Secretary Wilbur Ross understand the value of getting the best deal for America, fixing our debt and trade deficit, and ensuring U.S. manufacturers have a level playing field.

When considering the future of the Ex-Im Bank and Secretary Rosss stated goal of having it help small businesses more, they should remember the aerospace supply chain companies that form the backbone of our industry.

We otherwise risk making the U.S. civil aviation supply chain a punchline, the butt of jokes by our foreign competition, as we remain sidelined by our own elected officials. Its one thing to be optimistic about how weve weathered the fall so far, but the landing will be no laughing matter.

Lt. Gen. David F. Melcher (U.S. Army-Ret.) is the president and CEO of the Aerospace Industries Association.

The views expressed by contributors are their own and not the views of The Hill.

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Ex-Im Bank the ‘lender of last resort’ for aerospace industry – The Hill (blog)

Deal could provide space for Northstar Aerospace – Duluth News Tribune

The city secured a $500,000 Minnesota Investment Fund loan for the manufacturer of aircraft components to expand its Duluth operations in 2007. Republic Bank and Duluth’s 1200 Fund both proffered matching loans of equal value, providing the company with a total infusion of $1.5 million. Facility improvements were expected to lead to the creation of another 50 jobs in Duluth when the loans were approved.

But the timing for the project could hardly have been worse, with the bruising 2008 recession just around the corner.

In response to reduced demand, the company’s primary client, Cirrus Aircraft, severely curtailed production, sending Northstar into a tailspin.

David Montgomery, Duluth’s chief administrative officer, said he has been dealing with fallout from the loan since he came onboard with the city in 2009.

“This is almost systemic. It goes to what their original business model was, the downturn, what happened to one of their main customers Cirrus and their heavy focus on one particular customer,” he said.

With repeated loan extensions, Montgomery said: “We’ve been essentially buying time.” He noted, however, that the company has continued to make interest payments until recently.

Northstar was expected to settle its outstanding loans with a balloon payment in April of this year, but as that date neared it became clear the company would be unable to fulfill the obligation.

City staff met with representatives of other secured creditors, including Republic Bank, the 1200 Fund and the Northland Foundation. A resolution that will be considered by the Duluth City Council Monday calls for an additional 12 to 24 months “to work proactively with Northstar in hopes of identifying a course of action that will allow the company to continue to operate and retain the existing 38 jobs it currently has on the payroll, while also pursuing opportunities for restructuring its outstanding debt, which may include a potential business sale.”

“The jobs are important to us. Those have been decent jobs, and we’ve been able to retain those jobs. But there are several outcomes that this could result in and many different permutations on that,” Montgomery said.

“We just wanted to give ourselves all the time to properly go through and assess where things are, what the opportunities are for ideally retaining this commercial activity, be it in some other form potentially, but retaining the activity, retaining the jobs and potentially even expanding them,” he said.

Northstar has had trouble making rent on its Airpark facility, and on Feb. 14, its landlord the Duluth Seaway Port Authority terminated the company’s lease.

Republic Bank stepped in to help prevent Northstar’s eviction, entering into a two-year lease with the Port Authority itself and then subletting the building back to the company to allow “additional time to restructure or sell its business or business assets in an orderly manner,” to quote directly from an intercreditor agreement.

“We’re all acting in concert to try to get to the right conclusion with these guys,” Montgomery said.

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Deal could provide space for Northstar Aerospace – Duluth News Tribune

Global Aerospace Sealants Market 2017 PPG Industries, 3M, Flamemaster, Chemetall – Aperture Games

The Aerospace Sealants Market Research Report is a professional and in-depth study on industry Size, Share, Trends, Growth, Application, Consumption Volume and Value, Forecast, Supply, Production, Price, Professional Survey 2017 to 2022

Global Aerospace Sealants Industry is an in-depth report that offers a unique mix of specialist industry knowledge and the region-wise research expertise. The report delivers the market size and the trends for each sector.

The report on Global Aerospace Sealants market begins with an overview of the market. The report details the historical data of the Global Aerospace Sealants market along with the current scenario. Then the report covers the trends shaping the Global Aerospace Sealants market. The drivers and restraints that will shape this industry during the forecast period have been evaluated in detail. Moving on, the report dwells on the market opportunities and their impact on the key players operating in the market. Moreover, the key threats the Global Aerospace Sealants market will experience during the forecast period are discussed.

The next part of the report features an in-depth segmentation of the market. The report includes valuable information about the key segments in the Global Aerospace Sealants market along with their sub-sectors. Revenue share and size along with insightful forecasts of these key segments and other prominent sub-segments are available in this report. The report explores the trends that will impact the growth of the emerging regional sectors in the Global Aerospace Sealants market.

The recent findings along with the promise they hold for the future in the Global Aerospace Sealants market have also been analyzed. The report features contributions from several key industry participants along with scientists that are leading figures in their respective fields.

To Get Sample Report:http://www.fiormarkets.com/report-detail/14421/request-sample

Towards the end, the report scrutinizes the competitive landscape of the Global Aerospace Sealants market. Most prominent players with their business overview are featured in this research study. The key players market revenue, top strategies, innovations, collaborations, and other developments are mentioned in detail in the report. These insights about the top companies in the Global Aerospace Sealants market will let the user know about the market opportunities they can tap on to, with the best of tactical decisions.

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Global Aerospace Sealants Market 2017 PPG Industries, 3M, Flamemaster, Chemetall – Aperture Games

Amazon CEO’s Rocket Company Blue Origin Emerges as Force in Aerospace – Fox Business

Expanding satellite-service provider OneWeb Ltd. has signed multiple contracts for launches early in the next decade with Blue Origin LLC, the high-profile space company run by Amazon.com Inc. (AMZN) Chief Executive Jeff Bezos.

Wednesday’s announcement covers five separate launches comprising roughly 400 relatively small but powerful satellites and starts in 2021, according to Greg Wyler, OneWeb’s executive chairman. In an interview, he said the satellites are projected to provide internet connections some 10 times faster than those offered by initial spacecraft designs.

Financial details weren’t immediately available.

Mr. Bezos posted a message on Twitter confirming that the agreement is for “for five launches initially,” and added a personal nod to the OneWeb’s founder: “Happy to work with you.”

On his Twitter feed, Mr. Wyler said “we will be busy” making satellites “and creating jobs.”

For Mr. Bezos and his closely held Blue Origin, which for years has been developing its family of reusable rockets and manned capsules without fanfare and almost entirely in secret, the contracts represent a financial and public relations coup.

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Combined with the company’s separate launch contract for a much larger satellite announced Tuesday with Eutelsat SA, a legacy operator with a fleet of 39 satellites, the disclosures amount to a carefully choreographed, partial lifting of Blue Origin’s corporate veil.

Coinciding with a major satellite conference in Washington, the announcements signal that the company Mr. Bezos founded in 2000 in some ways is now moving into the mainstream of the global aerospace arena.

Both OneWeb and Eutelsat previously contracted with established launch providers, making their high-profile demonstrations of confidence in Blue Origin significant.

The massive rocket that is slated to launch the satellites probably won’t fly until the end of the decade. Photographs of its first fully assembled primary engine weren’t released until this week. And despite his persistence, deep pockets and passion for space, Mr. Bezos hasn’t yet blasted any booster or spacecraft into orbit.

Still, developments in the past two days underscore that Blue Origin — now boasting some 1,000 employees and facilities from Florida to the Northwest — intends to use its New Glenn rocket to compete aggressively for commercial launches. Mr. Bezos also has indicated his aim is to develop a bigger, more powerful booster eventually capable of transporting astronauts deep into the solar system.

The two-stage version of Blue Origin’s workhorse New Glenn rocket, named after the late U.S. astronaut and senator John Glenn, has been described by the company as 270 feet tall, and able to generate nearly 3.9 million pounds of thrust from seven main engines. A larger, three-stage version would be more than 310 feet tall.

With a few exceptions, Mr. Bezos has opted to run Blue Origin behind strict confidentiality restrictions — and without seeking substantial federal contracts or development funding. But now, a new commercial sales push appears to be changing that corporate culture to some extent.

It was only last fall that Mr. Bezos rocked the global aerospace community by disclosing some particulars of the New Glenn rocket. If all goes well, by 2021 or 2022 the booster could become a full-fledged competitor for Space Exploration Technologies Corp., founded and run by fellow billionaire Elon Musk. It also could vie for launch contracts against Arianespace, Europe’s premier launch provider, and United Launch Alliance, a joint venture between Boeing Co. (BA) and Lockheed Martin Corp. (LMT).

OneWeb, which is 20%-owned by Japanese telecom company SoftBank Group Corp. and backed by Airbus Group SE, has announced firm plans to launch some 600 satellites to provide faster and cheaper internet connections world-wide. OneWeb has suggested it ultimately may launch as many as 2,000 additional satellites, after initial commercial operations begin in 2019.

OneWeb anticipates assembling satellites in Florida at a rate of one in less than 24 hours — at a cost below $1 million apiece. With that kind of production profile, the company is looking for multiple launch providers for later phases of the venture.

Mr. Wyler stopped short of saying the company and its backers have committed to launching the estimated 2,000 satellites. But when it comes to those plans, he said “more than our toe is in the water.” Suggesting that more launch contracts with other providers are in the offing, he said “we talk broadly across the launch industry” regarding OneWeb’s future requirements.

Blue Origin is building its own facility nearby, and plans to use an adjacent government pad to conduct launch operations.

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Amazon CEO’s Rocket Company Blue Origin Emerges as Force in Aerospace – Fox Business

After Hidden Figures, new program seeks to flood aerospace with women – Ars Technica

Enlarge / A new mentorship program seeks to honor the memory of Brooke Owens.

Brooke Owens Fellowship Program

Lori Garver had just boarded a plane last June when she heard that her young friend, D. Brooke Owens, had passed away. Owens, 35, had hadterminal cancer for a long time, but the moment still stung Garver, the former deputy NASA administrator. She’d mentored Owens toward her dream of running an airport, and the two had become close.

During those few minutes before the plane took off, Garver said she just couldn’t let it go. So she dashed off an e-mail to friends and colleagues in the aerospace businesschief executives, managers, and bright, young chiefs of staff she’d worked with at NASA and in the White House. Would they be interested in mentoring young women interested in getting into the aerospace industry?

“My goal, sitting on that airplane, was to get five or maybe at most 10 internships,” Garver told Ars in an interview. But by the time her flight had landed, Garver’s inbox was full with interested companies. Two other close friends of OwensCassie Lee, the director of Aerospace Applications at Vulcan, Inc., and William Pomerantz, the vice president of special projects at Virgin Galacticsaid they wanted to help organize the program. On Wednesday, less than a year after her passing, theBrooke Owens Fellowship Program launched with 36 paid internships.

Garver said the aerospace industry has a fairly good record with breaking through the glass ceiling. The chief executives of two of the major players in the industry, Lockheed Martin’s Marillyn Hewson and Aerojet Rocketdyne’s Eileen Drake, are both women. “Ithink the bigger issue is our raw numbers, because we dont have nearly enough women in any part of the pipeline,”said Garver, who served as NASA’s deputy administrator from 2009 to 2013 and is now general manager of the Air Line Pilots Association.

“I can say from first-hand experience, if youre in a meeting and youre the only woman there, or just one of a handful, youre much more easily dismissed or ignored,” she said. “Iwatched Hidden Figures and just cried the whole time, that our industry hasnt changed more since then.”

Recalling her mentoring experience with Owens, Garver and her cofounders figured the best way to remedy the problem was to bring young women interested in aviation and space exploration into major companies in the field, provide them each with two senior aerospace professionals as mentors, and give them experience. Each class of women will also attend a conference and, Garver hopes, form a cohort that will help them network throughout their careers.

Ultimately, it didn’t prove difficult to find interested CEOs. Companies such as SpaceX, Blue Origin, Virgin Orbit, Orbital ATK, and many more provided internships. Some companies wanted to offer several. “It ended up being an easy sell,” Garver said. “It wasn’t hard to convince a company to bring in a fantastic young woman.”

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After Hidden Figures, new program seeks to flood aerospace with women – Ars Technica

Global Aerospace Fasteners Market to Grow at a CAGR of 6.86%, 2017-2021 with 3V Fasteners, Arconic, B&B … – Yahoo Finance

DUBLIN–(BUSINESS WIRE)–

Research and Markets has announced the addition of the “Global Aerospace Fasteners Market 2017-2021” report to their offering.

The global aerospace fasteners market to grow at a CAGR of 6.86% during the period 2017-2021.

The report, Global Aerospace Fasteners Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is advent of 3D printing. 3D printing (additive manufacturing) is an emerging and evolving technology that can print electronics layer-by-layer directly onto 3D surfaces. It surpasses the conventional methods such as computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing in terms of cost, reduction in size and weight, and faster design.

According to the report, one of the major drivers for this market is growing usage of titanium fasteners. Both civilian aircraft programs (comprising Boeing 787, Bombardier’s new C-Series airliners, and Airbus A350) and military programs (comprising aircraft such as Lockheed’s new F-35 Lightning II fighter jet) are preferring titanium aerospace parts. This preference is due to the lightweight property of these parts and their compatibility with carbon fiber-reinforced composite structures, which drives their demand in the market.

Key vendors:

Other prominent vendors:

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/fhsqc9/global_aerospace

View source version on businesswire.com: http://www.businesswire.com/news/home/20170309005587/en/

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Global Aerospace Fasteners Market to Grow at a CAGR of 6.86%, 2017-2021 with 3V Fasteners, Arconic, B&B … – Yahoo Finance

Addicted To Airlines? 4 Aerospace Alternatives – Seeking Alpha

Industry Thesis

Often we get pressured into thinking we need exposure to certain industries, even when they offer challenging returns. Furthermore, investors tend to invest in the “loudest” business within the supply chain, not the best. By scanning the supply chain within an industry, you can identify where the money is going and maximize your returns.

Airline Industry Growth

A recent Deloitte study indicated the demand for air travel will continue to grow:

In two recent articles (Delta; Airline Busines Model), I highlighted that the passenger airline business is still a tough business to make profit. In spite of great seat occupancy performance in the last decade, most passenger operations barely break even. Investing in airlines today is really about their ability to generate other revenue, outside selling tickets, which is the cause of their recent profitability.

If you’re hesitant of investing directly in an airline, I don’t blame you. They have on occasion shown glimmers of hope, only to be ravished by economic downturns and terror events causing a drop in revenue. Airlines are trying to switch to a variable cost structure so they can adjust to these events, but I believe it will remain a challenging industry.

In order to get decent return, I suggest you look into other segments within the aerospace industry.

Airline Supply Chain

The airline supply chain is made up of many different types of businesses, each offer different value, resulting in vast differences in business fundamentals. The following figure shows a theoretical snapshot of some of the various stakeholders within the supply chain (note: the cash flow follows the arrows):

Notice that airline operators have the most people to pay and are the most at risk of getting squeezed by suppliers. They are also largely affected by switching costs in the supply chain. It’s very expensive to make modifications to aircraft. Modifications also drive additional switching costs related to pilot training programs. Changing IT systems is risky and expensive. The list goes on and on. In spite of this, air travel is growing, causing increased demand for products within the industry:

Options

There are many great options to get exposure to the aerospace industry. A great source is the annual Deloitte study on Aerospace and Defence. This annual report provides lots of insights into the industry and highlights which businesses are experiencing good performance. For example, here are the top 20 aerospace and defence companies by operating margin (2015):

Note that systems suppliers top the list and you don’t see many aircraft manufacturers like Boeing (NYSE:BA) or Airbus (OTCPK:EADSY). The aircraft manufacturing business is not a horrible business, but competition is growing and the complexities involved in R&D and aircraft certification will increasingly cause more financial pressure. For instance Bombardier has needed significant bail out capital from the Canadian government to keep the C-Series alive.

Let’s look at two of these businesses:

TransDigm (NYSE:TDG) is a designer, producer and supplier of aircraft components for commercial and military aircraft under three segments: Power & Control, Airframe, and Non-aviation. This business is involved in creating key aircraft systems. Since theses suppliers usually hold the intellectual property for these systems, they often get into long term publication, engineering support, and upgrade contracts. I like the stickiness of critical products like that. TDG is currently trading at about $240/share with a free cash flow of about $11/share and an average of about 12% FCF growth per year. It’s pretty reasonably priced. TDG has intermittently paid a 10% or $24 annual dividend (missing 2015). I think this business is worth looking into.

Crane Co (NYSE:CR) is a diversified manufacturer of engineered industrial products, operating under four segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. This business does not only serve the aerospace industry. It provides fiberglass-reinforced plastic panels and coils for the manufacturing of recreational vehicles, truck bodies, truck trailers, for applications in commercial and industrial buildings. Currently CR is priced at $74/share based on a FCF of about $4.50/share. FCF has grown at about 3% per year.

Next let’s have a look at the companies that topped the free cash flow growth list:

I’m always careful to not pay too much for historic growth. Companies have a habit of not experiencing extreme growth forever, causing investors panics. Here are two from the list:

Spirit AeroSystems (SPR) is an equipment manufacturer, aircraft parts designer, and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Over the last 3 years, the company has grown its FCF from under zero to over $3.60/share. It’s currently trading at over $60/share.

Moog (NYSE:MOG.A) is a designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace, defense and industrial markets. The Company has five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices. These systems are often critical to the aircraft design and require reliable performance. In addition, if any part needs to be replaced, the aircraft operator will usually get an OEM replacement part, unless they have an alternative part list. Although, Deloitte’s report showed 21.6% FCF growth, at the end of 2016 Moog saw a reduced FCF. The 3 year compound FCF growth is now flat or zero. In spite of the 2016 results, I believe the business is reasonably priced at $65/share with a little over $4 FCF per share. Moog hydraulic systems are used in many applications and are definitely an industry staple.

To continue your search, I recommend you look at the other metrics from the report. I’m sure there are plenty of great businesses to chose from. Also note the Berkshire Hathaway (NYSE:BRK.A) recently bought Precision Castparts (NYSE:PCP), which was highlighted in the 2016 Deloitte report.

Happy hunting,

Wayne

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Addicted To Airlines? 4 Aerospace Alternatives – Seeking Alpha

PolyU, China Aerospace to Collaborate on Aerospace Engineering – Photonics.com

Photonics.com Mar 2017 HONG KONG, Mar. 8, 2017 Hong Kong Polytechnic University (PolyU) and China Aerospace International Holdings Ltd. (CASIL), a publicly listed subsidiary of China Aerospace Science and Technology Corp. (CASC), have reached a strategic collaborative research framework agreement to advance aerospace engineering in the country.

A joint laboratory on intelligent systems will be established to pioneer research in robotic design and control, energy-saving and cost-efficient vibration control, intelligent systems or structures for control, measurement, sensing and health monitoring in the aerospace field. The collaborative research framework agreement also encompasses a professional exchange, visiting program, taught courses, distinguished lectures, funding support and collaborative research on the mainland of China and in Hong Kong.

“The collaborative research framework agreement is established to combine PolyU’s strength in applied technological innovation and CASC’s leadership in the aerospace industry for developing high-impact industrial applications and services, said Xingjian Jing, associate professor of mechanical engineering at PolyU and leader of the collaborations robotic systems and vibration control R&D.

CASC is a state-owned enterprise group engaged in the research, design, manufacture and launch of space systems such as launch vehicles, satellites and manned spaceships.

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PolyU, China Aerospace to Collaborate on Aerospace Engineering – Photonics.com

Michael R. Mahfet Appointed Chief Executive Officer of Ascent … – Yahoo Finance

MACOMB, Mich., March 8, 2017 /PRNewswire/ –Ascent Aerospace, LLC, announced today the appointment of Michael Mahfet as Chief Executive Officer, effective immediately. This role will be in addition to his current capacity as President of the company’s newly expanded Ascent Integration & Automation Group (“I&A Group”).

Joel Rotroff, Partner at American Industrial Partners, stated, “We are very excited to have Michael lead Ascent Aerospace as its CEO. Michael has a long history of success in leadership positions in the industrial automation sector, including most recently at ABB. Michael brings significant expertise in operational and commercial excellence, technical leadership and market focus. Ascent is very well positioned to serve our customers as a market leading solutions provider, with a ‘One Ascent’ business model at the forefront of our messaging.”

“We want to thank Brian Williams for his significant contributions to Ascent Aerospace’s success over the last four years as CEO,” said Joel Rotroff. “Ascent Aerospace is performing strongly today and is well positioned for the future.”

“I am humbled and grateful to become CEO of Ascent Aerospace and look forward to working with and leading our world class employees,” said Michael Mahfet. “Ascent is in a wonderful position to continue streamlining its coordinated activities across its global footprint and technology portfolio. Through simplified, standardized and streamlined processes, we will be able to deliver a world class execution model, bringing smart tooling and integrated solutions to the market which address critical ‘rate’ and ‘automation’ needs for our aerospace customers.”

About Michael MahfetMichael has been leading Ascent Aerospace’s Integration & Automation business group for the last six months and previously was Group Vice President and Head of Account Management, ABB Americas. Michael brings over 20 years of experience leading organizations across multiple disciplines at Chrysler, GE and ABB. Michael holds a Bachelor of Science and Master of Science in Engineering from Oakland University in Rochester, MI.

About Ascent Aerospace, LLCConsisting of the Integration & Automation Group and the Tooling Group, Ascent Aerospace is one of the leading providers of tooling systems, factory automation and integration solutions to the global aerospace industry. Visit http://www.ascentaerospace.com for more information.

Ascent Aerospace ContactMs. Courtney Sturniolo, Marketing Manager Courtney.Sturniolo@AscentAerospace.com Tel: +1 714 389 1361 Mobile: +1 949 382 0962

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/michael-r-mahfet-appointed-chief-executive-officer-of-ascent-aerospace-300420792.html

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Michael R. Mahfet Appointed Chief Executive Officer of Ascent … – Yahoo Finance

EXIM Bank the ‘lender of last resort’ for aerospace industry | TheHill – The Hill (blog)

Weve all heard some version of this classic joke: An optimist falls off a 10-story building. As he passes the sixth story, someone yells from the window, Hows it going? The man yells back, So far, so good!

It seems many of the critics of the U.S. Export-Import (EXIM) Bank are optimists, trying to argue that U.S. manufacturers and the U.S. economy have managed just fine without the bank having the authority to approve financing of sales of more than $10 million.

The EXIM Bank recently reported it was only able to authorize $5 billion in financing last year, a quarter of its financing activity when it was last fully operational in 2014, and its lowest level in 40 years. This activity can be connected to the direct support of 52,000 jobs and $284 million in interest and fees from foreign customers sent to the U.S. Treasury.

This would not happen if as its critics mistakenly claim the EXIM Bank was providing subsidies instead of loans requiring repayment. Those numbers could have been much higher, with action on forty deals worth $30 billion that cannot be reviewed and approved until the Trump administration puts forward nominees for the banks five board of directors positions and fills a quorum.

The huge bipartisan majorities in both the House of Representatives and the Senate that reauthorized the EXIM Banks operations in late 2015 would take swift action to approve these candidates if given the chance.

This issue is not an academic exercise or a philosophical debate regarding the role of government in the economy, and it certainly is no joke to more than 6,000 U.S. companies in the civil aviation supply chain.

These small- and medium-sized suppliers are willfully overlooked by EXIM Bank critics who throw around terms like corporate welfare and crony capitalism as if large companies make every part of an aircraft all by themselves and reap all the benefits of export sales.

My organization, AIA, recently reported the U.S. aerospace and defense industry generated $146 billion in exports and a trade surplus of $90 billion in 2016, the largest of any sector. I can already hear the argument: If the EXIM Bank was not available to support this success, then why is it even necessary?

The answer is rooted in what the bank is, namely, a lender of last resort when private-sector financing is otherwise unavailable. While private export credit financing has become more readily available since the global financial crisis, there will always be sales that would benefit from the support of a government export credit agency like EXIM Bank.

The other point that is frequently missed is that close to 60 percent of this export value can be attributed to the American supply chain. These companies win twice when the EXIM Bank can offer financing that is otherwise unavailable for an aircraft export selling parts and components that are initially incorporated into the aircraft, then selling these same parts and components for a higher margin in the global maintenance aftermarket.

President Trump and Commerce Secretary Ross understand the value of getting the best deal for America, fixing our debt and trade deficit, and ensuring U.S. manufacturers have a level playing field.

When considering the future of the EXIM Bank and Secretary Ross stated goal of having it help small businesses more, they should remember the aerospace supply chain companies that form the backbone of our industry.

We otherwise risk making the U.S. civil aviation supply chain a punchline, the butt of jokes by our foreign competition, as we remain sidelined by our own elected officials. Its one thing to be optimistic about how weve weathered the fall so far, but the landing will be no laughing matter.

Lt. Gen. David F. Melcher (U.S. Army-Ret.) is the president and CEO of the Aerospace Industries Association.

The views expressed by contributors are their own and not the views of The Hill.

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EXIM Bank the ‘lender of last resort’ for aerospace industry | TheHill – The Hill (blog)

Mexican military courts San Antonio aerospace sector, manufacturers – San Antonio Business Journal

Mexican military courts San Antonio aerospace sector, manufacturers
San Antonio Business Journal
With a booming aerospace sector south of the border, Mexico is seeking to strengthen its business ties with its counterparts in San Antonio. Mexican Air Force Group Gen. Rodolfo Rodriguez is visiting the Alamo City and on a mission to connect with

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Mexican military courts San Antonio aerospace sector, manufacturers – San Antonio Business Journal

A Trump ETF Trade on Aerospace, Defense – Fox Business

Aerospace and defense stocks and exchange traded funds have been one of the ultimate Trump trades since President Donald won the November U.S. presidential. Some analysts and market observers believe the group has more upside in store for investors. Although the aerospace and defense industry is perceived as being beholden to Uncle Sams whims, theClick to read more at ETFtrends.com.

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A Trump ETF Trade on Aerospace, Defense – Fox Business

Southfield Christian’s perfect night from charity stripe dooms Detroit Davis Aerospace 70-48 – MLive.com

Southfield Christian’s Bryce Washington slams home two of his game-high 26 points (Photo: Susan Fergan)

BLOOMFIELD HILLS–Its very difficult to beat any team that hits all of its free throws. And if that team shoots 24 of them its virtually impossible. Detroit Davis Aerospace discovered that the hard way Monday night in its district quarterfinal matchup versus Southfield Christian at Birmingham Roeper.

In their best effort at the line this season the Eagles shot 24 for 24 from the free throw line en route to a convincing 70-48 victory over Detroit Davis Aerospace.

For a team that has struggled from the line at times this season, Mondays performance was welcomed by SC coach Josh Baker: We had it rolling from the line tonight. It was pretty cool, and it was meaningful. Detroit Davis Aerospace is a very tough team. Im really proud of this win.

The Eagles led wire-to-wire, scoring ten unanswered points to start the game, and were up 17-5 at the end of the first quarter.

Baker credited the Eagles’ defense for the fast start. We guarded tonight. I thought we did a great job defensively on Edmen Stewart in the first half. He got it rolling late, but I thought we did a good job early. They only scored five in the first quarter and 17 in the first half. And we attacked their pressure all night. Thats the main reason we got to the line.

The Eagles’ attack kept them ahead by double digits all night, with the lead peaking at 22 in the third quarter. Stewart heated up in the fourth, and the Aviators trimmed the lead to ten (56-46) at the 2:25 mark, but the Eagles finished the game with a 14-2 burst to win it going away.

Bryce Washington scored 11 first quarter points and finished with 26 to pace the Eagles. Brock Washington added 20, including 12 of 12 from the line. Caleb Hunter got 14. Stewart scored 16 for the Aviators, matching Bryces first quarter production with 11 in the fourth.

It was a solid start for the Eagles, who began their quest for a fourth Class D title a bit shorthanded. Harlond Beverly, a 6-4 starting guard is out indefinitely nursing a foot injury, but Baker and the Eagles are anticipating his return soon. Hes doing rehab at least twice a day, getting up shots and free throws, Baker noted. Were hoping he can return next week.

With the win, the Eagles pushed their record to 16-5 and will play for the district championship Friday night versus the winner of the Roeper vs Centerline semi-final matchup on Wednesday.

DDA dropped its third straight decision, and closes its season at 8-9.

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Southfield Christian’s perfect night from charity stripe dooms Detroit Davis Aerospace 70-48 – MLive.com


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