Alabama Lieutenant Governor Will Ainsworth announced on Monday two new programs that will open doors for qualified high school students, college students and small businesses interested in working within Alabamas internationally known aerospace industry.

The programs are being offered in partnership with the Alabama Chapter of the Aerospace States Association. The Aerospace States Association is a group of elected officials, academics and private sector entities from states with ties to the aviation and aerospace industries. The founding partners of the Alabama outreach programs are Lockheed Martin Space, United Launch Alliance, U.S. Space and Rocket Center, National Space Club-Huntsville and the Huntsville-Madison County Chamber of Commerce.

Ainsworth is the national chairman of the ASA and hosted the groups annual conference in Huntsville in 2019.

For more than a half-century, Alabama has been a national leader in aerospace development and technology, and if we are going to maintain that role, we must develop a new generation of students, individuals, and businesses with the qualifications to work within the industry, Ainsworth said. At the same time that we provide opportunities for students and small businesses that need them, we will grow Alabamas economy and create long-lasting, well-paying jobs in an area that is expanding exponentially.

The new two-week internship program will allow high school and college students from across the state to learn about the various companies, programs and opportunities within Alabamas aerospace industry. The program will include bringing students to partner facilities, like Lockheed Martin Space and ULA, and allow them to take tours and interact with engineers and business leaders about their career pathways.

The unpaid internship is designed to provide students with opportunities to learn about various jobs in aerospace, educate them about the courses to pursue in school in order to get the job they want and inform them about the skills and abilities that companies are seeking.

An application for the Alabama ASA internship program may be found here.

ASA Alabama will also provide outreach to small business owners throughout the state who are interested in either starting to work as a supplier or subcontractor in the aerospace industry or expanding their current work in that area.

Small businesses will be invited to participate in forums and supplier conferences designed to connect them with industry contacts and guide them in next steps.

Ainsworth said similar internships and small business programs have been utilized in other states, and he is confident that they can prove successful in Alabama, as well.

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New aerospace industry programs for students, small businesses announced - alreporter.com

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Skyroot Aerospace's programme to launch India's first-ever privately-designed and developed rocket, Vikram-1, received a boost with the Department of Space entering into a non-disclosure agreement (NDA) with the Hyderabad-based company building small satellite launch vehicles.

The NDA signed on Tuesday will enable the company, run by former ISRO scientists, to access the facilities and technical expertise available in ISRO centres to proceed with its launch vehicle development programme.

Indian Space Research Organisation's Scientific Secretary R. Umamaheswaran signed the agreement on behalf of Department of Space and Skyroot Aerospace CEO Pawan Kumar Chandana signed the agreement from the company's side.

Skyroot representatives also met ISRO chief Dr K. Sivan, who assured all support to Skyroot for testing and qualifying their launch vehicle.

Chandana told IANS that the NDA marks the formal beginning of their working with ISRO. "From this point onwards, we will exchange data and we will exchange technical expertise, especially from ISRO to us that will enable us to do our programme faster and more reliably because we will have ISRO's strength along with us now and we get to use all testing facilities including testing and launching," he said.

Chandana, a former ISRO scientist, pointed out that the national space agency has a committee which gives all approvals including for utilisation of test facilities. Chandana, who founded Skyroot along with former ISRO scientists Naga Bharath Daka and Vasudevan Gnanagandhi, said they plan to launch their first rocket by the end of 2021.

"We are planning to do a launch by the end of this year. For that, all hardware, propulsion will be tested at ISRO," he said.

The company's vision for Indian space is rapid development of complex aerospace systems with lean use of resources. "We are building the first private Indian launch vehicle to put a satellite in orbit and marching ahead to compete for a reasonable share in the international small satellite launch market which is estimated to be $16Bn in the next decade," says Chandana on the company website.

Skyroot is developing a family of rockets especially crafted for the small satellite market and named after Vikram Sarabhai, the father of India's space programme.

Built on a common architecture and covering a wide range of payloads, they offer the most affordable and on-demand ride to space. Vikram-I requires minimal range infrastructure and can be assembled and launched within 24 hours from any launch site.

Skyroot has already achieved a few milestones in its journey to launch the first rocket. It successfully test-fired its first solid rocket propulsion stage demonstrator. Named Kalam-5, it is first of the five engines the company plans to test. Backed by investors like Myntra founder Mukesh Bansal, the company has raised $4.3 million till now and plans to raise another $15 million during the current year.

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The above article has been published from a wire agency with minimal modifications to the headline and text.

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Skyroot Aerospace Signs Pact with ISRO to Launch India's First Private Rocket | The Weather Channel - Articles from The Weather Channel | weather.com...

CEDAR PARK, Texas--(BUSINESS WIRE)--Firefly Aerospace, Inc., a leading provider of economical and dependable launch vehicles, spacecraft, and in-space services, announced the appointment of Deborah Lee James and Robert Cardillo to its Board of Directors. Fireflys new three-person board, including Firefly CEO, Dr. Tom Markusic, will be led by Ms. James, serving as Chairman of the Board.

Deborah Lee James has a three-decade track record in national security, including 20 years of U.S. government service, with time on Capitol Hill as a professional staff member in the U.S. House of Representatives and two tours in the Pentagon, first as an Assistant Secretary of Defense and later as the Secretary of the Air Force. As Secretary, Ms. James also was the Principal Defense Space Advisor. She has led large industry teams in support of the military, most notably as President of the Technical and Engineering Sector of SAIC, responsible for $2 billion in Defense contract revenue and 8,700 employees. Ms. James is the author of the leadership book Aim High: Chart Your Course and Find Success; and serves on the boards of various organizations including Textron, Unisys, Noblis, the Penfed Foundation and LeanIn.Org.

Robert Cardillo is president of The Cardillo Group, LLC, delivering strategic and operational expertise to create an enhanced awareness of planet Earth to enable improved decision-making. Before forming TCG in May 2019, Mr. Cardillo was the sixth Director of the National Geospatial-Intelligence Agency from 2014 through 2019. He led transformation of the Agencys future value proposition through innovative partnerships with the growing commercial geospatial marketplace. During his 35+ years of public service, Robert served in leadership positions within the organization of the Chairman of the Joint Chiefs of Staff, the Defense Intelligence Agency, and the Office of the Director of National Intelligence.

We are thrilled to have Debbie and Robert join the Firefly Board of Directors, said Dr. Markusic. Their guidance will be critical as Firefly transitions from a rapid product development company to an integrated provider of launch, in-space, and lunar mission services for commercial, civil, and national security space customers. Their experience in the private sector and as leaders of critical U.S. government organizations will enable Firefly to fully realize our corporate objective of becoming the preeminent end-to-end space transportation company in the nations small space industrial base.

Concurrently, with the addition of the new board of directors, Firefly intends to implement an internal restructuring of the company. These corporate changes will reflect the strategic objectives of Firefly and assure focus and resources are properly allocated to effectively develop our core spacecraft and launch vehicle product lines, added Dr. Markusic. In particular, we intend to segregate launchers and spacecraft as dedicated business units and greatly expand our business development and government relations team in Washington, D.C.

He continued, The number of employees at Firefly has nearly doubled over the last year, and we continue to aggressively recruit top technical talent to develop our next-generation spacecraft and rockets. We will also be conducting a nationwide executive talent search over the coming months to provide strong leadership for the new business units. Space is expected to be the fastest growing industry of the twenty-first century, and Firefly is determined to be perfectly positioned to lead the way in this new emerging space economy.

ABOUT FIREFLY AEROSPACEFirefly is developing a family of launch and in-space vehicles and services that provide industry-leading affordability, convenience and reliability. Fireflys launch vehicles utilize common technologies, manufacturing infrastructure and launch capabilities, providing LEO launch solutions for up to ten metric tons of payload at the lowest cost per kg in the small-lift class. Combined with Fireflys in-space vehicles, such as the Space Utility Vehicle and Lunar Lander, Firefly provides the space industry with a one-stop shop for missions from LEO to the surface of the Moon or beyond. Firefly is headquartered in Cedar Park, TX.

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Firefly Aerospace Announces New Board of Directors and Corporate Expansion Plans - Business Wire

Power management supply giant Eaton has begun 2020 with a bang, announcing two major acquisitions within a four-day stretch.

The Dublin, Ireland-based company said Monday that it has signed an agreement to acquire Cobham Mission Systems (CMS), a major supplier of air-to-air refueling systems, environmental systems and actuation primarily for defense markets. Eaton will pay $2.83 billion for CMS, which includes $130 million in tax benefits. That cost represents about 14 times CMS' 2020 EBITDA and 13 times its estimated 2021 EBITDA.

Cobham Mission Systems highly complementary products and strong position on growing defense platforms will enhance our fuel systems business and position our Aerospace business for future growth, said Heath Monesmith, president and chief operating officer, Industrial Sector, Eaton. We look forward to welcoming CMS to Eaton.

The acquisition, which is subject to customary closing conditions, is expected to close in the second half of 2021.

The news came just three days after Eaton announced Jan. 29 that it inked a deal to acquire Tripp Lite, a major supplier of power quality products and connectivity solutions, including uninterruptible power supply systems, rack power distribution units, surge protectors and enclosures for data centers, industrial, medical and communications markets. Eaton will pay $1.65 billion for Chicago-based Tripp Lite, representing about 12 times Tripp Lite's 2020 EBITDA and 11 times its estimated 2021 EBITDA.

The Tripp Lite deal is expected to close mid-2021.

Eaton reported its 2020 fourth quarter and full-year financial results on Tuesday. It shared that Q4 sales were $4.7 billion, with organic sales down 5 percent year-over-year as the company's recent divestments of its Lighting and Automotive Fluid Conveyance businesses reduced sales by 8 percent, partially offset by 2 percent growth from acquisitions. Q4 segment margins were 17.4 percent.

For the full year, 2020 total sales were $17.9 billion, with organic sales down 11 percent from 2019. Segment margins were 16.4 percent.

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Eaton Expands in Aerospace, Will Buy Cobham Mission Systems for $2.8B - Manufacturing.net

While Washington State has long been a leader in the space sector, honing in on the states strength in the sector has necessitated a change in thinking among industry advocates.

We really are a space state, but we are an entrepreneurial space state. There is no single standing federal or defense space presence like a Johnson Space Center, like what you would see in Texas or Florida or parts of Virginia, said Emily Wittman, President & CEO if the Aerospace Futures Alliance and Washington State Space Coalition. We are really entrepreneurial and are companies see themselves as closer to technology companies on the cutting edge of research and development, innovation and testing rather than a traditional large aircraft manufacturer.

Wittman provided an overview of the opportunities for aerospace suppliers in the space economy during a Wednesday work session in the House Community & Economic Development Committee.

According to data presented by Wittman, there are over 3,000 operational satellites in orbit and over 100 orbital launches per year. The US government spends about $50 billion per year for purposes related to space.

Within the broader space market, Washington State is on the forefront of the satellite manufacturing and launch ecosystem.

There are lots of opportunities in global defense, but where Washington State really shines is less in defense contracts and really in this entrepreneurial space ecosystem, said Wittman

For perspective, space related manufacturing has not reached the scale of commercial aerospace in terms of revenue. Global space satellite manufacturing revenue was about one quarter of Boeings commercial airplane revenue ($30 billion) in 2019.

Despite that small scale, Wittman said there are still plenty of reasons why aerospace employers should look to engage with the space industry. When surveyed, 16 aerospace companies Boeing was not among them reported a 47 percent single year loss in revenue in 2020. That computed to a 23% loss in total employment at those 16 companies, representing over 600 individuals who lost aerospace jobs in Snohomish County due to the pandemic.

A new industry like space manufacturing is one avenue for diversification, says Wittman.

Investing in aerospace and manufacturing is one of the five core recommendations for long-term economic recovery in Washington State listed by the Senate Committee on Economic Recoverys Blueprint for Recovery. Diversifying the aerospace manufacturing sector was cited as one of the specific solutions.

We need to think about incentives for manufacturing and explore other avenues. We need to think of our state not just as Boeing state, but as a potential aerospace hub, said Sen. David Frockt.

According to an AFA & WSCC survey of 40 space companies based in Washington State, the companies directly employ over 5,000 workers, a figure which Wittman says is growing.

Space is only one facet of Washingtons diverse aerospace sector, though it has been a historically significant part of the states economy.

In a presentation on the history of the space industry in Washington State, the Department of Commerce recounts that Boeing began building the Lunar Roving Vehicle (LRV) at their Kent facility in 1969, and the first vehicle was delivered just 17 months after the contract was signed. Three LRVs remain on the moon, and were designated as Washington State Historic Landmarks in October 2020.

Looking ahead, Wittman underscored AFA & WSCCs support for a house bill that would direct the Department of Commerce to complete a study of public policies that might encourage development of the new space economy and the geographic distribution of space economy sector employment and training opportunities across Washington.

Public service journalism is important today as ever. If you get something from our coverage, please consider making a donation to support our work. Thanks for reading our stuff.

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The opportunities for Washington State aerospace suppliers in the space economy - Washington State Wire

HILL AIR FORCE BASE A new aircraft restoration and maintenance facility has recently been completed and turned over to the Hill Aerospace Museum.

This newly constructed building came about through the Falcon Hill enhanced use lease, or EUL, program and replaced the museums previous restoration facility, an old and weathered warehouse near the new Northrop Grumman facility located next to the bases Roy Gate.

The EUL program allows the Air Force to lease land to a developer to create and lease commercial space and infrastructure. The new facility will be used to care for the museums collection of aircraft and other artifacts while offering unique, real-world airframe work opportunities for local high school and college students, as well as base volunteers.

Museum aircraft are acquired from multiple sources and often arrive needing a significant amount of work, including corrosion mitigation to preserve the exterior and interior restoration before they are displayed.

Each project is very individual in nature and is accomplished by enlisting a large amount of volunteer help from across Hill AFB and the outlying community.

Many volunteers with prior airframe technical knowledge and experience donate time and provide invaluable skills with part fabrication and reconstruction know how.

Brandon Hedges, Hill Aerospace Museum restoration chief, said part of the volunteer restoration manpower is provided by local students.

One very exciting piece of our volunteer restoration program is the partner relationships we have with several local academic institutions, which allows students from the surrounding community to learn and work on real aircraft at our facility, said Hedges.

An existing memorandum of understanding has been in place for six years between the museum and the Utah Military Academy, a local charter high school, which benefits both students and the museum.

It allows junior and senior students enrolled in the academys basic airframes structure course, the opportunity to work on aircraft restoration projects of all different vintage, types and models.

Students are currently working on a B-29 Superfortress nose art display consisting of 15 four-by-four aluminum panels, each requiring up to three thousand rivets that will simulate the airframes fuselage skin depicting a variety of World War II nose art.

Throughout instruction students learn material identification and properties, how to form metal, as well as the importance of tool safety and control, which is modeled off of Air Force regulations.

Tools and equipment consist of metal cutting and forming tools and some wood working tools, which are required for work on some older wood platform aircraft, like the B-17 Flying Fortress

This program allows us to utilize students for restoration work on project aircraft, while providing them invaluable airframe experience as well as course credit hours, said Hedges. We are fortunate to have Darrell Gronau, aviation structures repair instructor and retired Air Force chief master sergeant, who volunteers through the museums education program and is teaching this course at our new facility.

In addition, a relationship was recently established with the Davis Applied Technology College for student work on the museums current F-117 Nighthawk project.

As with many modern aircraft received by the museum, the F-117 arrived missing parts such as leading- trailing edges and a nose cone, which were removed for security reasons.

In these type of situations, the museum staff is left to fabricate replacement parts in order to replicate the missing pieces.

Dimensions for replica parts were sent by the National Museum and Tonopah, but while researching restoration we decided to replace parts with fabricated composites, which will be similar to the original layout and design, said Hedges. For example, metal leading edges were recommended, but the original airframe edges were made of composite, so we ended up partnering with the DATC to create those for us, with college-level students preforming the work.

With volunteer support and community academic partnerships, the Hill Aerospace museum is able to fabricate almost all restoration parts in house, only outsourcing on rare occasion for very large projects such as an entire airframe.

Additionally, the museum offers paid annual college internships, six of which are hired out by the restoration department.

Interns receive meaningful experience that can later be applied in the real world, with a monetary amount paid to the students tuition school account by the museums Heritage Foundation for 200 hours of restoration labor.

Aaron Clark, Hill Aerospace Museum director, said that while he is excited how this new resource will improve collection care, he is most enthusiastic about exploring and hopefully developing additional school partnership opportunities in the future.

With this new facility and the amenities it offers, we now hope to partner with more neighboring high schools and colleges to develop an in-house airframe maintenance program to educate and inspire the Airmen of tomorrow civilian and military through the unique hands-on experiences they can get at this museum.

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Hill Aerospace Museum looks to expand community educational partnerships with a new aircraft restoration facility - Standard-Examiner

While covering the LoyolaMARS initiatives, Loyolan copy editor Brynn Shaffer sat down with some of the members of the team to talk about the club, their aspirations and the future of aerospace.

Troy Womack-Henderson, freshman computer science major

What inspired you to join LoyolaMARS? How did you first hear about it and how long have you been a part of it? How active are you in the team?

LMARS is actually one of the reasons that I decided to apply to, and attend, LMU. When I first heard about it, when I was applying around this time last year, I just saw that they were really involved in aerospace research, not just building rockets, but also just teaching about the aerospace industry and rocketry which was really cool When I was researching schools and I was considering LMU, since I knew it was in this aerospace hub of Southern California, I remember seeing an article I believe done by Seaver News, and it did a special back in 2018 on the current team. It had their website, and it basically just introduced me to what they were doing, their group and their society and everything. It all sounded really, really interesting and I hadnt seen other clubs similar to it at any other universities, so that definitely motivated my decision to apply to LMU.

Are you interested in space exploration at all, like being an astronaut yourself, or are you more interested in the behind the scenes/mechanical part of aerospace engineering?

I would definitely say a little bit of everything. I think that the aerospace industry, especially now with the industry in the U.S. trying to make space flight commercial and accessible to everyone, [is] a really exciting industry, and its something Ive always wanted to do since I was little. I really want to be an astronaut because I love space and I love rockets, and I think to do scientific research in space and help space exploration and humanity would be a really great thing for me to do for my career.

Marina Aziz, sophomore, electrical engineering with an emphasis in computer engineering major

Can you name a role model of yours? Maybe you have one within the aerospace industry?

Within people I know, definitely Dr. [Claire] Leon. I could talk about her for literally days. I love her. I admire her so much, shes such an incredible person. And the fact that she did the things she did before women in STEM was really even a thing. She worked for Boeing for 35 years, and then the AirForce for five and now shes a professor at LMU, so can you imagine like 45 years ago, she was working at Boeing, she stayed at Boeing for 35 years, was a manager, big-baller, shes just really cool.

With COVID-19 and the transition to Zoom, what has that looked like for you and the team? Has it been an easy or hard transition? Maybe discouraging?

The e-board people, like the president Matt, they havent made it very public if theyre struggling or not, but I think they have definitely had a good transition in terms of shifting from more hands-on projects to more like focusing on our careers. Which I think is really cool, I think they definitely made the most out of the situation that we were put in. The whole point of the club is to build rockets. So, you would expect that when we go online, were not going to be doing anything, right? But, if anything, I think that I feel more involved in the club now than I did before just because you always have like a speaker to look forward to or like a CAD workshop. Theres just always something to do now, and its like right at your fingertips. They definitely made the most out of it.

Sabrina Colet-Ruiz, senior mechanical engineering major

Are you interested in space exploration at all, like being an astronaut yourself, or are you more interested in the behind the scenes/mechanical part of aerospace engineering?

Definitely more like behind the scenes, for sure. I like space applications for satellites and for studying the Earth, but Im actually not really keen on Elon Musk, like colonization of Mars and stuff, I think its kind of a little ridiculous. I just think theres a lot of money going into it, and I think its so weird that people would rather move to Mars and colonize Mars, than just take care of what we have here. So I totally like the idea of satellites and rocketry and stuff to study Earth and to help improve the Earth, but I just think its a little weird that you would want to start another world on another planet.

What is your favorite thing about LoyolaMARS? Could be anything.

Right now I really like our speakers that come in to talk to us. So like speakers or more opportunities to talk to professionals in a smaller context than if you went to a big presentation at LMU, which they do sometimes, like the Seaver spotlights.

Clare Galvin, junior mechanical engineering major, computer science minor

What inspired you to join LoyolaMARS? How did you first hear about it and how long have you been a part of it? How active are you in the team?

I joined LMARS freshman year because I heard it would be a good idea to join a project as an engineering major and be working on it. And I chose LMARS because they came to speak to all the freshmen and caught my eye. First semester, freshman year, all of the project leaders came to talk to us and I was the most interested in rocket club. Since then, Ive been on the team, so three years and now I am the treasurer, so Im trying to be a little more of a leader in the club. Were now participating in this dollar per foot challenge.

Can you name a role model of yours? Maybe you have one within the aerospace industry?

One of our professors actually is our club advisor, Dr. Leon, Dr. Claire Leon. And we share a first name so thats fun. She is really cool. She was, I think, a VP, or at least a manager, at Boeing and then went to lead a division at the AirForce as a civilian. And she helped me get my connections that led to my internship last summer, so shes just been a really helpful mentor and shes just really cool.

How do you think being a part of LoyolaMARS is benefiting you individually? Maybe in either personal or professional aspects of life, or maybe just to fulfill a hobby of yours?

Its definitely helpful professionally. Its hard to know what to talk about in a job interview, but a project is the best thing to talk about for an engineering student, especially one that can apply so directly to a lot of the companies that are around us since we are in such an aerospace-heavy part of the world. Its been super helpful for interviews for me.

Jesus Arzapalo, sophomore philosophy major

Can you name a role model of yours? Maybe you have one within the aerospace industry?

Theres this astronaut who used to be a navy seal and also a doctor, his name is Johnny King. Its pretty crazy to be a navy seal and then go to med school and then become an astronaut, a really difficult career.

Professor Leon told me about the weekly speaker series. What are your thoughts on them? Are they inspiring? Who has been one of your favorite speakers thus far?

Yeah, they are inspiring. Its great to hear from people in the industry in engineering; just right now I came from one, her name was Candace Givens, she works at Northrop Grumman. She was describing her career as she started as a systems engineer and then she went to LMU to get a masters and now shes been working there for a while. Its really interesting to hear how people find different career paths. So that is inspiring.

Jose Garcia, senior mechanical engineering major

What are your duties and responsibilities as VP of LoyolaMARS?

I do a lot of outreach. I work with the president to figure out what speakers we should have. I also teach a class through the club, so I use it as a platform to help give back to the community, the LMU community as much as possible.

How does aerospace and medicine fit together, since it seems like a very unconventional path?

Its very common for astronauts to be doctors because they have different missions that are required, depending on what the budget is, to do specific research. So very often, youll find astronauts who have a medical degree or they have a PhD in something, but theyll bring along a whole team with different strengths, and with that, Ill just have more strengths allocated.

Is there anything you think the team is lacking/could be improved upon?

Members! I feel like there are a lot of tools and opportunities that I feel that we provide that I wish more people took advantage of.

This article is part of a three-part package series on LoyolaMARS, in which Loyolan copy editor Brynn Shaffer investigates the club in-depth. Read more coverage with a news story on everything you should know about the club,and anopinion pieceon why space exploration is fundamental to societal advancement.

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Meet the team behind the brains: LoyolaMARS students talk all things aerospace - Los Angeles Loyolan

A new aerospace company led by former Boeing head Dennis Muilenburg has assembled an experienced management team and aims to advance technologies such as alternative propulsion, automation and manufacturing.

That is according to documents recently disclosed by Muilenburgs new venture a blank-check investment company called New Vista Acquisition.

Blank-check companies are publicly traded firms established for the sole purpose of raising money to acquire and bring public other companies.

When formed, blank-check companies do not disclose acquisition targets; they raise money based on the experience of their management teams.

We intend to focus our search for a target business operating in the aviation, aerospace and defence industries, New Vista says in a 1 February securities filing.

New Vista is eying companies that develop technologies related to electric and hybrid-electric propulsion, alternative fuel, electric power systems, advanced materials, manufacturing, computing, situational awareness, automation, machine learning and artificial intelligence, documents say.

We believe that our broad industry focus will provide for many potential targets that could become attractive public companies, the documents read. Potential acquisitions could range from high-growth, early-stage innovators to more-mature businesses with established franchises, revenue streams and cash flows.

New Vista, which is incorporated in the Cayman Islands but lists Chicago as its US base, declines to comment, saying it is now in a quiet period.

It expects to begin trading on the NASDAQ exchange imminently under the symbol NVSAU, and to raise $200 million through an initial offering of public stock.

New Vistas executive team includes CEO Muilenburg, chief operating officer Kirsten Bartok Touw and chief financial officer Travis Nelson.

Muilenburg, an engineer by background, was Boeing CEO from 2015 until leaving amid the 737 Max crisis in December 2019. He joined Boeing as an intern in 1985 and held several senior roles, including chief operating officer.

Under Mr Muilenburgs leadership, Boeings stock price increased significantly, its market capitalisation doubled and annual revenue exceeded $100 billion for the first time in company history, the filing says.

Boeings revenue did indeed hit $101 billion in 2018. But revenue sank to $77 billion in 2019 amid the Max grounding, and to $58 billion with the added pandemic pressure in 2020.

New Vista notes that Muilenburg, along with Boeing, were defendants in legal cases arising from two 737 Max crashes that killed 346 people. Boeing settled a case brought by the US Department of Justice.

Bartok Touw is managing partner of aerospace finance company AirFinance. She previously was vice-president of structured finance and corporate development at Hawker Beechcraft and has helped finance projects related to advanced air mobility, autonomy, machine learning and drones, according to New Vista.

Nelson has been a managing member of investment company Eclipse Investors and is former managing director at investment firm TowerBrook.

New Vista names several executives who have been nominated to become its directors.

Those include Marion Blakey, previous head of the Federal Aviation Administration, Rolls-Royce North America and the Aerospace Industries Association, Howard Lance, former CEO of space company Maxar Technologies, Christopher Lofgren, a logistics executive who isUS Chamber of Commerce board chair, and Stephen Wilson, aretired US Air Force general.

Advisers to New Vista include a number of former Boeing staffers. Among them are former Boeingcommunications and marketing executive Anne Toulouse, former Boeing chief technology officer John Tracy andformer senior vice-president of Boeings office of internal governance and administration Diana Sands, New Vista says.

Other advisers include former Google, United Technologies and Airbus executive Paul Eremenko, Uber Elevate head of business development Wyatt Smith, retired US Air Force general Maryanne Miller and retired US Army lieutenant general Herbert Raymond McMaster.

Our team has broad and significant relationships with domestic and international corporations, industry leaders and defence and security agencies, New Vista says.

Story updated on 2 Febuary to clarify which executives will be advisers to New Vista.

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Former Boeing CEO's start-up aims to invest in advanced aerospace technology - Flightglobal

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace (NYSE:HWM) today reported fourth quarter 2020 and full year 2020 results. The Company reported fourth quarter revenues of $1.2 billion, down 29% year over year due to disruptions in the commercial aerospace and commercial transportation markets, primarily driven by COVID-19 and Boeing 737 MAX production declines, partially offset by growth in the defense aerospace and industrial gas turbine markets. Fourth quarter 2020 revenues increased 9% sequentially from the third quarter 2020.

Howmet Aerospace reported income from continuing operations of $106 million, or $0.24 per share, in the fourth quarter 2020 versus income from continuing operations of $118 million, or $0.27 per share, in the fourth quarter 2019. Income from continuing operations excluding special items was $92 million, or $0.21 per share, in the fourth quarter 2020, versus $164 million, or $0.37 per share, in the fourth quarter 2019. Income from continuing operations in the fourth quarter 2020 included a $14 million benefit from special items, principally related to plant fire insurance proceeds and tax related items, partially offset by restructuring and other charges.

Full year 2020 income from continuing operations was $211 million, or $0.48 per share, versus income from continuing operations of $126 million, or $0.27 per share, in the full year 2019. Full year income from continuing operations excluding special items was $354 million, or $0.80 per share ($0.77 per share including pre-separation allocations), versus $590 million, or $1.29 per share, in the full year 2019. Income from continuing operations in full year 2020 included a $143 million charge from special items, principally related to separation costs and charges associated with cost reduction initiatives.

Fourth quarter 2020 operating income was $221 million, down 22% year over year. Operating income excluding special items was $215 million, down 28% year over year. The year-over-year decline was due to significant disruptions in the commercial aerospace market, driven by COVID-19 and Boeing 737 MAX and 787 production declines, and the commercial transportation market, driven by COVID-19, resulting in unfavorable volume and product mix. The decline was partially offset by growth in the defense aerospace and industrial gas turbine markets, variable and fixed cost reductions, and favorable product pricing. Operating income margin, excluding special items, was up approximately 20 basis points year over year to 17.4%.

Full year 2020 operating income was $626 million versus $579 million in the full year 2019. Operating income excluding special items for full year 2020 was $809 million ($814 million including pre-separation allocations), versus $1,199 million in the full year 2019. The year-over-year decline was due to significant disruptions in the commercial aerospace market, driven by COVID-19 and Boeing 737 MAX and 787 production declines, and the commercial transportation market, driven by COVID-19, resulting in unfavorable volume and product mix. The decline was partially offset by growth in the defense aerospace and industrial gas turbine markets, variable and fixed cost reductions, and favorable product pricing.

Howmet Aerospace Executive Chairman and Co-Chief Executive Officer John Plant said, Howmet Aerospace continued to manage effectively through the impact of the COVID-19 pandemic. While fourth quarter 2020 revenues declined 29% year over year, driven by a 51% reduction in commercial aerospace revenues, results surpassed our outlook and included strong cash generation. We generated improved decremental margins, and our fourth quarter 2020 adjusted EBITDA margin of 22.8% was the same as the fourth quarter 2019 despite the 29% revenue decline and unfavorable commercial aerospace mix. We continue to be highly focused on all aspects of operational performance and cash generation as we manage through the effects of COVID-19 and the Boeing build rate reductions on commercial aerospace.

Mr. Plant continued, Turning to 2021, our defense aerospace, commercial transportation, and industrial gas turbine markets continue to be healthy and growing. Commercial aerospace has less visibility, though we expect increased aircraft build as we move into 2022. We are positioning the Company to emerge from the pandemic in a stronger, more profitable position.

Our liquidity position is strong as a result of our strict and disciplined approach to costs and spending. We ended 2020 with approximately $1.6 billion of cash. Our $1 billion revolving credit facility remains undrawn and our next significant debt maturity is not until October 2024.

Howmet Aerospace ended the year with a cash balance of approximately $1.6 billion. For the second quarter 2020 through fourth quarter 2020, cash provided from operations was $217 million; cash used for financing activities was $1.5 billion; and cash provided from investing activities was $260 million. Adjusted Free Cash Flow for the second quarter 2020 through the fourth quarter 2020 was $487 million, inclusive of an approximate $80 million reduction in our accounts receivable securitization program, $70 million impact from voluntary pension contributions, $46 million of cash severance payments, and $45 million tax refund.

On April 1, 2020, Arconic Inc. completed the separation of its business into two independent, publicly-traded companies: Howmet Aerospace Inc. (the new name for Arconic Inc.) and Arconic Corporation. The financial results of Arconic Corporation for all periods prior to April 1, 2020 have been retrospectively reflected in the Statement of Consolidated Operations as discontinued operations and, as such, have been excluded from continuing operations and segment results for all periods prior to April 1, 2020. Additionally, the related assets and liabilities associated with Arconic Corporation in the December 31, 2019 Consolidated Balance Sheet are classified as assets and liabilities of discontinued operations. The cash flows, comprehensive income, and equity related to Arconic Corporation have not been segregated and are included in the Statement of Consolidated Cash Flows, Statement of Consolidated Comprehensive Income, and Statement of Changes in Consolidated Equity, respectively, for all periods prior to April 1, 2020.

Fourth Quarter 2020 Segment Performance

Engine Products

Engine Products reported revenue of $555 million, a decrease of 33% year over year due to declines in the commercial aerospace market driven by COVID-19 and Boeing 737 MAX production declines, partly offset by growth in the defense aerospace and industrial gas turbine markets. Segment operating profit was $108 million, down 31% year over year, driven by volume declines, partially offset by variable and fixed cost reductions and favorable product pricing. Segment operating profit margin increased approximately 70 basis points year over year to 19.5%.

Fastening Systems

Fastening Systems reported revenue of $263 million, a decrease of 30% year over year due to declines in the commercial aerospace and commercial transportation markets, primarily driven by COVID-19 and Boeing 737 MAX and 787 production declines. Segment operating profit was $48 million, down 52% year over year, driven by volume declines and unfavorable product mix, partially offset by variable and fixed cost reductions. Segment operating profit margin decreased approximately 800 basis points year over year to 18.3%.

Engineered Structures

Engineered Structures reported revenue of $217 million, a decrease of 30% year over year due to declines in the commercial aerospace market, driven by COVID-19 and Boeing 787 and 737 MAX production declines, partly offset by growth in defense aerospace. Segment operating profit was $16 million, down 59% year over year, driven by volume declines and unfavorable product mix, partially offset by variable and fixed cost reductions. Segment operating profit margin decreased approximately 510 basis points year over year to 7.4%.

Forged Wheels

Forged Wheels reported revenue of $203 million, a decrease of 6% year over year due to declines in the commercial transportation markets, primarily driven by COVID-19. Segment operating profit was $62 million, up 3% year over year, driven by fixed cost reductions and maximizing production in low-cost countries, partially offset by volume declines. Segment operating profit margin increased approximately 290 basis points year over year to 30.5%.

Full Year 2020 Segment Performance

Segment performance in 2020 included the following:

2021 Outlook*

1Q 21 Outlook

FY 2021 Outlook

Low

Baseline

High

Low

Baseline

High

Revenue

$1.15B

$1.2B

$1.25B

$5.05B

$5.1B

$5.25B

Adj. EBITDA1

$245M

$250M

$265M

$1.07B

$1.1B

$1.15B

Adj. EBITDA Margin1

21.3%

20.8%

21.2%

21.2%

21.6%

21.9%

Adj. Earnings per Share1

$0.15

$0.16

$0.19

$0.75

$0.80

$0.89

Adj. Free Cash Flow

$350M

Excerpt from:

Howmet Aerospace Reports Fourth Quarter 2020 and Full Year 2020 Results - Business Wire

ARLINGTON, Va., Feb. 2, 2021 /PRNewswire/ --Neil deGrasse Tyson, head of the Hayden Planetarium and research associate of the Department of Astrophysics at the American Museum of Natural History, will participate in the Air Force Association's 2021 virtual Aerospace Warfare Symposium, Feb. 24 26, by hosting a fireside chat with Gen. John W. "Jay" Raymond, Chief of Space Operations.

"We are delighted to welcome Dr. Tyson, a brilliant astrophysicist, space advocate, and author to speak at one of the premier events for Airmen, Guardians, defense industry members, and aerospace professionals," said AFA President, retired Lt. Gen. Bruce Wright. "Dr. Tyson's passion for space and the universe is unrivaled and we look forward to his fireside chat with Gen. Raymond, our first U.S. Space Force Chief of Space Operations. AFA remains committed to further strengthening our support for the Department of the Air Force, including our growing focus on the Space Force and all things 'space.' Dr. Tyson's presence will certainly amplify that commitment and what our Air Force Association is all about."

This year's symposium theme, "Accelerate and Innovate: Actualizing the Nation's Need for Dominant Air and Space Forces" will feature 40 sessions, ranging from workshops to major addresses from Air and Space Forces leaders, industry experts, and aerospace professionals. More than half of the sessions will be live streamed each day, including Fireside chats from Gen Charles Q. Brown Jr., Air Force Chief of Staff and The Honorable John Roth, Acting Secretary of the Air Force.

Learn more and register for the 2021 virtual Aerospace Warfare Symposium.

About AFA: The Air Force Association is a non-profit, independent, professional military and aerospace education association. Our mission is to promote dominant U.S. Air and Space Forces as the foundation of a strong National Defense; to honor and support our Airmen, Guardians, and their Families; and to remember and respect our enduring Heritage.

Contact:Bridget DonguDirector, Communications[emailprotected]703-389-1905

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Neil deGrasse Tyson to be Featured at Virtual Aerospace Warfare Symposium - PRNewswire

RESTON, Va., Feb. 3, 2021 /PRNewswire/ --Leidos (NYSE: LDOS), a FORTUNE 500 science and technology company, will participate in the Cowen 42nd Annual Aerospace/Defense & Industrials Conference webcast.

Roger Krone, Chief Executive Officer, will participate in a question and answer "fireside chat" on Thursday, February 11, 2021 at 11:00am ET.

A live audio webcast of the event will be available on the Leidos Investor Relations website at http://ir.leidos.com. A replay of the webcast will be available following the presentation at the same link listed above for 90 days afterward.

About Leidos

Leidos is a Fortune 500 information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 38,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020. For more information, visit http://www.Leidos.com.

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View original content:http://www.prnewswire.com/news-releases/leidos-to-participate-in-the-cowen-42nd-annual-aerospacedefense--industrials-conference-301221620.html

SOURCE Leidos

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Leidos To Participate In The Cowen 42nd Annual Aerospace/Defense & Industrials Conference - WFMZ Allentown

According to Zeal Insider, the Military Aerospace Landing Gear market is estimated to rise at US$ xx million in 2028 at a CAGR of xx% throughout the forecast period from 2020 to 2028. The Military Aerospace Landing Gear market research report covers detailed information about market definitions and its classification, along with, global segmentation for Military Aerospace Landing Gear market, product overview, industry outline, raw material and cost structure. In addition, the research report offers critical analysis of market dynamics, detailed study of key regional trends, and further delivers country-level market scope and revenue of the Military Aerospace Landing Gear Industry. Moreover, the Military Aerospace Landing Gear market report embraces industry regulatory policies, drivers, restrains, opportunities, and challenges, which helps manufacturers to take their strategic decisions. The report includes current as well as forecast data for the period from 2020 to 2028, and also provides compounded annual growth rate (CAGR%), which is measured for regional markets and individual segment. Furthermore, the report includes profiling of key market players and its competitive landscape.

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Military Aerospace Landing Gear Market (Covid-19 Analysis) SWOT Analysis, Key Indicators, Forecast 2028 | Liebherr Group, Aerospace Turbine Rotables,...

Rocket fuel technology startup Firehawk Aerospace has added $1.2 million to its existing seed financing, bringing the full amount invested in the round to $2.5 million. The new tranche comes from Harlow Capital Management, a Dallas-based firm run by Colby Harlow, who will join Firehawks board of directors as part of the deal.

Firewhawk, which was a finalist in our first-ever all-virtual Startup Battlefield at TC Disrupt last September, has developed a new kind of hybrid rocket fuel that greatly enhances rocket launch safety, cost and transportation using additive manufacturing (basically, the grown-up version of 3D printing). Hybrid rocket fuel (which combines aspects of both liquid and solid propellants used previously) isnt new, but past technology has been unable to compete on cost and efficacy relative to existing nonhybrid alternatives.

The startups Chief Scientist Ron Jones was able to get around these limitations with two new approaches: Using a fuel with a hard polymer structure and producing it using additive manufacturing instead of casting via molds with a liquid that hardens.

Firehawk now intends to use its seed funding to test its technology in operational conditions and at the kind of scale required for commercialization, and to build out its partnerships and client list. The startup also intends to grow its R&D and manufacturing operations in both Texas and Oklahoma.

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Firehawk Aerospace extends seed funding to $2.5 million with $1.2 million from Harlow Capital - TechCrunch