Monthly Archives: March 2014

Beaver Aerospace & Defense to Supply High-Performance Inertial Separator Actuators for …

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Beaver's custom electromechanical actuator will help the new TBM 900 achieve higher reliability and load capacity

Livonia, Michigan Beaver Aerospace & Defense, a subsidiary of Phillips Service Industries (PSI) and global leader in the design and manufacturing of a broad-range of custom ball screws and electromechanical actuation systems, has been selected to provide high-performance inertial separator actuators for the new DAHER-SOCATA TBM 900 Aircraft. Beaver has designed, manufactured and certified the new actuator to achieve higher reliability and load capacity for the TBM 900, which is receiving numerous enhancements from the French manufacturer. The aircraft was unveiled on March 12, 2014 at a ceremony in France, and the first three aircraft are scheduled to be delivered to customers today (March 20).

The TBM 900 is a high-performance business aircraft, powered by a single Pratt & Whitney PT6 series 850 horsepower (HP) turboprop engine. Certified up to 31,000 feet, its maximum range is more than 1730 nautical miles (Nm) and its maximum speed can reach 330 knots (or 611 km/h).

"Beaver's innovative electromechanical actuators offer unmatched performance and reliability," said Ben Kearns, General Manager at Beaver Aerospace & Defense. "We are proud to partner with the engineers at DAHER-SOCATA on this exciting project."

Beaver's award-winning ball screws, electromechanical actuators, ball splines and gears can fit virtually any application, and are known throughout the industry for their reliable quality, precision and performance. Beaver is also a certified FAA Repair Station that offers expert repair, overhaul and testing services for all electromechanical actuators and ball screws. In addition, Beaver is the industry leader in customer satisfaction, with a 99+% track record for on-time delivery.

For more information on Beaver Aerospace & Defense, visit http://www.beaver-online.com. You can also follow Beaver on Facebook, Twitter, Google+, LinkedIn and YouTube.

About Beaver Aerospace & Defense, Inc. (www.beaver-online.com) Beaver Aerospace & Defense, Inc., a subsidiary of Phillips Service Industries, is a global leader in the design and manufacturing of a broad-range of custom ball screws and actuation systems for the aerospace and defense industries. Our award-winning ball screws, electromechanical actuators, ball splines and gears can fit virtually any application, and are known throughout the industry for their reliable quality, precision and performance. Beaver is also a certified FAA Repair Station that offers expert repair, overhaul and testing services for all electromechanical actuators and ball screws. In addition, Beaver is the industry leader in customer satisfaction, with a 99+% track record for on-time delivery.

About Phillips Service Industries, Inc. (PSI) (www.psi-online.com) Established in 1967, Phillips Service Industries, Inc. (PSI) is a privately-held global manufacturing and services holding company, which oversees a diverse collection of innovative subsidiaries: Beaver Aerospace & Defense, Inc., Evana Automation Specialists, Mountain Secure Systems, POWERTHRU, PSI Repair Services, Inc., PSI Semicon Services, Sciaky, Inc., and Skytronics, Inc. We serve a wide range of high-tech industries like aerospace, defense, automotive, alternative energy, healthcare, security and semiconductor. Our award-winning products and services help reduce costs and maximize efficiency for many Fortune 500 companies around the globe, as well as the U.S. Military. We push the boundaries of technology on critical programs like Homeland Security, Defense research and space exploration, delivering innovative solutions for land, sea, air and space. We're PSI: Always innovating. Everywhere.

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Precision Castparts to Acquire Marvin's Aerospace Biz – Analyst Blog

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Recently Precision Capstaprts Inc. ( PCP ) entered into an agreement to acquire Aerospace Dynamic International (ADI) from the Marvin Group in an all-cash deal. The acquisition is valued at $625 million and is expected to close by the first quarter of 2015, subject to regulatory requirements.

Aerospace Dynamics International is known as the leading supplier of large complex machined parts and assemblies to Aerospace and Defense industries. ADI has the most advanced titanium machining capabilities and is a trusted supplier of major structural components on practically every commercial and military aircraft program for global OEMs along with tier one suppliers.

Precision Castparts will include the ADI business in its Airframe Products segment as the latter's business is expected to improve the value proposition for the airframe business by expanding its aerostructures product offering and its role on the next-generation aircraft. The Permaswage and Airdome acquisitions had earlier strengthened Precision's permanent fittings and separable fittings business. This latest acquisition will cause further upward momentum. The ADI acquisition is expected to be accretive to earnings immediately.

Apart from vertical integration, the acquisition of Permaswage also provide Precision with geographic and product synergies. ADI acquisition also supports Precision Castparts growing presence in Southern California, as it has a facility in Valencia, CA. ADI's core competence lies in large complex components, hard metal machining and critical assemblies. It has strong positions across high-growth commercial platforms, including a significant presence on the Airbus A350.

Therefore, Precision is very optimistic about its acquisition of ADI, which it has been considering for a while, as it already enjoys a favorable position in the current and next-generation commercial aircraft platforms. Moreover, this acquisition comes at an opportune time when aerospace and aircraft manufacturers worldwide are witnessing an increase in orders due to growing commercial traffic.

Leading aerospace companies such as Precision Castparts and TransDigm Group (TDG) have been pursuing strategic acquisitions to attain synergies and cost efficiencies. Acquisitions pursued by both these companies in the recent past have been accretive to earnings.

Precision Casptarts currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the aerospace sector include Alliant Techsystems Inc . ( ATK ), Teledyne Technologies Inc . ( TDY ) and Norsk Hydro ASA ( NHYDY ), all three having a Zacks Rank #2 (Buy).

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NORSK HYDRO ADR (NHYDY): Get Free Report

PRECISION CASTP (PCP): Free Stock Analysis Report

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Precision Castparts to Acquire Marvin's Aerospace Biz - Analyst Blog