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Category Archives: Aerospace

Kellstrom Commercial Aerospace Acquires AirLiance Materials; Will Merge Operations

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May 17, 2013 Kellstrom Commercial Aerospace, Inc. (Kellstrom) announced today that it has acquired AirLiance Materials LLC ("AirLiance") from Lufthansa Technik.

AirLiance's current Chief Executive Officer, Roscoe Musselwhite, will become President and CEO of Kellstrom Commercial Aerospace, Inc. ("Commercial") and a member of Kellstroms Board of Directors.

Following the AirLiance acquisition, the Commercial warehousing and logistics operations of Kellstrom will migrate over the next 6-12 months to AirLiance's state-of-the-art 161,000 sq. ft. warehouse facility and headquarters near O'Hare Airport outside of Chicago. The combined company will also maintain a significant sales presence in South Florida.

According to Kellstrom, Mr. Musselwhites initial charter will be to integrate the two commercial operations into a single, integrated organization that will be staffed, equipped and positioned to become a world-class leader capable of providing even greater in-depth solutions in support of commercial aviation air transport and MRO operators.

Mr. Musselwhite added, As part of the agreement, the merged operation will use the Kellstrom name, so in addition to combining operations, we will shortly begin the process of re-branding all of our commercial operations under the Kellstrom Commercial Aerospace brand. It is important for our customers to know that this acquisition is highly advantageous for any airlines or MROs currently doing business with either organization. We will be able to provide new levels of support and help in significantly reducing the length of the supply chain while reducing inventory and keeping maintenance operations materials at optimum levels.

The combination of the two companies will greatly enhance its market presence. Kellstrom Commercial Aerospace is a recognized leader worldwide as one of the largest and most reliable suppliers of new and used aircraft parts to the global aviation aftermarket. AirLiance Materials is an industry-leading supplier of high-quality surplus parts to the global air transport and MRO industry. Both are acknowledged full service providers of logistics and material management solutions. Together, the new company has a 36-year leadership history within the industry, and now has expanded its support capabilities significantly. The new company will continue to provide its customers with advanced e-commerce solutions tied to real-time access to one of the largest, most targeted flight-ready inventories in the industry. It will also continue to provide custom spare parts program solutions to well over 1000 customers, operating 24 hours a day, seven days a week.

Kellstrom Aerospace is a portfolio company of Inverness Management LLC. Moelis & Company served as the exclusive financial advisor to Kellstrom and provided advice in connection with this transaction, while legal advice was provided by Kirkland & Ellis LLP.

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Kellstrom Commercial Aerospace Acquires AirLiance Materials; Will Merge Operations

Swiss British Aerospace Avro RJ100 Arrival and Departure at London City Airport LCY EGLC [1080p HD] – Video

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Swiss British Aerospace Avro RJ100 Arrival and Departure at London City Airport LCY EGLC [1080p HD]
A Swiss Avro RJ100 Landing and Take Off from London City Airport (LCY/EGLC). MORE INFO: Airline: Swiss International Air Lines Aircraft: British Aerospace Av...

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Swiss British Aerospace Avro RJ100 Arrival and Departure at London City Airport LCY EGLC [1080p HD] - Video

Edison Expands International Aerospace & Defence Large Cap Presence With Launch of Full Coverage of Rolls-Royce

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LONDON, May 15, 2013 /PRNewswire/ --

Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of Rolls-Royce (RR.L), a global power systems business with activities across civil aerospace, defence, marine and energy markets.

(Logo: http://photos.prnewswire.com/prnh/20130417/608168 )

Edison has recently published a comprehensive report examining the investment merits of Rolls-Royce, focusing on the group's potential to benefit from delivery of its 60bn order book, more than doubling revenues over the next decade. In his report, on the shoulders of giants, Edison's head of Industrials, Roger Johnston, argues that the group is building on its consistent strategy and benefiting from the significant investment in R&D and manufacturing facilities over the past decade to deliver increasing numbers of high-value Trent engines. As a result, Rolls-Royce has the opportunity to deliver significant operational gearing and bottom-line growth. In addition, management focused on ensuring a culture of delivery and on customers (delivering on promises), concentration (where to invest) and cash/cost (improving financial performance) is designed to drive operational margins and cash flow toward best in class across the group over the next decade. Modelling several scenarios by which this strategy could be achieved, Edison values Rolls-Royce between 1,419p/share, a 17% premium to the current share price, and 1,714p/share, a 41% premium to the current share price.

For the full report see: http://www.edisoninvestmentresearch.com/research/company/rolls-royce

The launch of coverage on Rolls-Royce is part of a programme of research initiations on industrials companies exposed to global market opportunities. Edison provides detailed research coverage on more than 50 industrials and support service companies in Europe, North America and Australia. Its industrials team has a range of coverage across small-, mid- and large-cap companies active in subsectors such as Aerospace & defence, Speciality materials, Alternative energy, Building materials and Industrial support services, allowing a complete understanding of industrial supply chains. All reports published by Edison are available to download free of charge from its website http://www.edisongroup.com.

About Edison Investment Research

Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Berlin, Sydney and Wellington. Edison is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

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Edison Expands International Aerospace & Defence Large Cap Presence With Launch of Full Coverage of Rolls-Royce

Precision Aerospace Components Inc. Today Reported Financial And Operating Results For The Three Months Ended March 31 …

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BENSALEM, Pa., May 15, 2013 /PRNewswire/ --Precision Aerospace Components Inc. (PAOS:OTCQB) is a one-stop source for standard, self-locking, semi-special and special nuts, bolts and washers manufactured to several military, aerospace and industrial specifications. The Company maintains an inventory of approximately 44,000 SKUs comprised of approximately 65 million parts of premium quality, brand name fastener products.

Precision Aerospace Components announces results from operations for the three months ending March 31, 2013. The Company's revenues increased approximately 242% or $5.1 million for the quarter to $7.2 million from $2.1 million in the comparable period last year. This is largely a result of the Fastener Distribution and Marketing Company, Inc., (FDMC) acquisition completed on May 25, 2012.

The Company's gross profit increased approximately 211% or $1.3 million for the quarter to $1.9 million from $0.6 million in the comparable period last year. The Company believes that its gross profit will remain at the current levels during 2013, based on discussions with its primary customers. The Company's total operating expenses increased 188% or $1.0 million for the quarter to $1.6 million from $0.6 million in the comparable period last year. This is largely a result of the acquisition and costs associated with the acquisition. Net income was $51,373 which was essentially flat compared to the fourth quarter of 2012.

The Company's accounts receivable have increased by approximately $0.5 million to $3.4 million at March 31, 2013 from $3.0 million at December 31, 2012; this difference is due to mainly to sales and normal deviations in customer payments. The Company's inventory levels have remained relatively consistent as of March 31, 2013 compared to December 31, 2012. Net income was $51,373 which was essentially flat compared to the fourth quarter of 2012.

During the first quarter of 2013, the Company completed the last phase of its relocation and consolidation of the activities of its headquarters operations, as well as the operations of its Freundlich Supply Company Inc. and Tiger-Tight Inc. subsidiaries from Staten Island New York to Bensalem, Pennsylvania, at the present location of its Aero-Missile Components Inc. subsidiary. This relocation allows the Company to better serve its customers through the co-location of its broadened inventory and is enabling the Company to realize additional efficiencies from its recent acquisition. As a result of this relocation, the Company is achieving significant and continuing savings from the elimination of the facilities costs associated with its Staten Island location. Additionally, the lower overall tax environment outside of New York City and State is beneficial to the Company.

During the third quarter of 2013, the Company anticipates starting shipment of a unique sealing product that it has developed in conjunction with one of the major manufacturers and its customer to fulfillspecific customer needs. The product should fulfill similar needs with other customers. The product addresses current product offering technical shortfalls by increasing resistance to torque out and providing an optional self-sealing feature.

The Company's subsidiary, Aero-Missile Components, has been named the Master Distributor by SPS Technologies locatedin Jenkintown, Pennsylvania for its FLEXLOC Locknut product line toward the end of last year. The FLEXLOC Locknut is a premium locknut line with Military, Aerospace and Industrial applications. FLEXLOC locknuts have been designed into challenging joint applications by engineers for over 50 years. The FLEXLOC line enjoys an unequalled history of success in applications where resistance to severe vibration is required. As a Master Distributor, Aero-Missile Components will service a network of SPS Authorized FLEXLOC Distributors. The FLEXLOC Locknut product line is manufactured by SPS Technologies domestically in the United States. FLEXLOC is a registered trademark of SPS Technologies, a PCC Company. The Company anticipates significant additional revenues from sales of the FLEXLOC line as the year progresses.

"First quarter revenues were in line with our expectations and we expect overall product sales to continue to show improvement throughout the coming year. Some of these anticipated sales increases are already being realized, stated Mr. Andrew Prince, President and Chief Executive Officer of Precision Aerospace Components. "During the first quarter Precision was awarded the Silver Distributor award by the Boeing Company which was a significant accomplishment for us. And we began the widespread distribution of our Tiger-Tight lock washers under an exclusive North American distribution agreement. Precision also retained an experienced engineering sales manager to spearhead the sales of this product line.

The Company has realized some significant savings from the elimination of the facilities and costs associated with its Staten Island location which was closed down late last year and recently opened a new warehouse in Denton, Texas to better serve our customers in the Dallas-Ft. Worth area.

Expanding our sales organizations and presence in these new markets will make a meaningful impact on the rate of growth the Company sees in the coming months and provide logistical support for our current products and the launch of new product lines. We believe all of these new initiatives will improve our overall cost structure, cash flows and provide better service to our network partners and the end customers that we serve."

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Precision Aerospace Components Inc. Today Reported Financial And Operating Results For The Three Months Ended March 31 ...

Research and Markets: Analyzing the Russian Aerospace & Defense Industry in 2013

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DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/rrjwph/analyzing_the) has announced the addition of the "Analyzing the Russian Aerospace & Defense Industry" report to their offering.

Aruvians Rsearch's Analyzing the Russian Aerospace and Defense Industry provides a well grounded research analysis of the Russian Aerospace & Defense Industry. This report aims to help investors and analysts understand the emergence of the Russian Aerospace and Defense Industry. Giving an overview of the industry, market statistics, looking at the issues and challenges faced by the industry, the report explores all the facets of the Russian Aerospace and Defense Industry. The leading players, their products, and their role in Russia's Aerospace and Defense Industry are all described in details in Aruvians' Analyzing the Russian Aerospace and Defense Industry research report. An in-depth analysis of the Sukhoi company and its various products of strategic military importance makes this research report different from the others available today.

As the Russian aerospace and defense industry consolidates, it is integrating more and more into the world market. The most important factors are:

- Dramatic decrease in domestic defense orders;

- Decrease in acquisition potential of the Russian air carriers following the collapse of Aeroflot monopoly;

- Absence of a well-organized leasing system;

- Significant reduction in state investments into research and development;

- Certification of foreign aircraft that opened the way to upgrade the Russian fleet with Western aircraft.

Key Topics Covered:

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Research and Markets: Analyzing the Russian Aerospace & Defense Industry in 2013

Breitling AEROSPACE Quartz 40mm Titanium 18k Gold on Matching Bracelet Ref # F65062 – Video

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Breitling AEROSPACE Quartz 40mm Titanium 18k Gold on Matching Bracelet Ref # F65062
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Breitling AEROSPACE Quartz 40mm Titanium 18k Gold on Matching Bracelet Ref # F65062 - Video

Aerospace Engineering Firm Quest Global's Changing Lanes

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Aerospace companies move from manufacturing to services. But Quest Global has taken the opposite route. Can one feed into the other to beat competition?

Image: Mallikarjun Katakol for Forbes India

Quest Global Incs aerospace facility on the outskirts of Belgaum

he skies over Bangalores Yelahanka airbase thundered with the sound of fighter planes, helicopters, turboprops and other aircraft. As the biennial air showits 2013 edition in February is considered Asias biggest-ever aviation eventwas in action, one aircraft had a different flight path: Business jet Embraer Phenom-100 made chartered flights to Belgaum. Perhaps it was the right time for Quest Global Inc to show potential customers that the aerospace hub it has been building is ready for take-off.

On the outskirts of Belgaum, nearly 500 km from Banglaore, is the 300-acre special economic zone (SEZ) set up by Quest. Driving through the beautiful landscape, it is difficult to believe it could soon be the most sophisticated industrial belt in the region. It is already notified as the states first precision engineering region. You can walk away from this place with a finished [aerospace/automotive] product without stepping out of this facility, says Aravind Melligeri, co-founder and chief executive of Quest Global Inc, the manufacturing arm of Quest Global Engineering.

No other facility in India, other than state-owned Hindustan Aeronautics, can claim such a design-to-build capability in aerospace. It is built very neatly, in a graded manner, says Ashok Baweja, former chairman of Hindustan Aeronautics.

Over the past four years, Quest has developed essential capabilities of an aerospace cluster, such as machining, surface treatment, forging and assembly. It has done some on its own; for others, it formed joint ventures with overseas partners: Magellan Aerospace of Canada, Saab of Sweden and Aubert & Duval of France. The ventures are to serve the global supply chain, although Indias share in the $100 billion commercial aerospace manufacturing is a paltry $100 million.

It was the 2005 defence offsets policy that turned things on its head. Most industrial groups, including the Tatas, Mahindras and L&T, formed partnerships and talked big investments. Looking back, it appears they moved opportunistically. Even the human resource deployment was convenience-based, says a public sector aerospace official who saw automotive professionals handling aerospace projects. Three SEZs, two in Hyderabad and one in Bangalore, were also announced.

This February, Karnataka announced a 10-year aerospace policy, which will target $10 billion in investment. It also announced a 1,000-acre industrial park near its SEZ. Even if one considers all this to be hot air, it remains plausible for states to roll out the red carpet for big companies. Additionally, the conglomerates are finally getting a hang of this high compliance industry. Mahindra Aerospaces first greenfield project is nearing completion in Kolar. With competition soaring, can Quest create an aerospace cluster in Belgaum, like Toulouse near Paris or Wichita near Kansas City?

Melligeri has bet his life he can.

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Aerospace Engineering Firm Quest Global's Changing Lanes

Sikorsky Aerospace Services to Complete SAR Conversion for Brunei Shell S-92® Aircraft

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SINGAPORE, May 14, 2013 /PRNewswire/ --IMDEX Asia -- Sikorsky Aerospace Services (SAS) announced plans today to perform the first post-delivery Search and Rescue (SAR) modifications to Brunei Shell's Sikorsky S-92 helicopter. Originally configured for offshore oil missions, the aircraft will undergo a comprehensive conversion to a SAR configuration to serve customers in Borneo and the surrounding Southeast Asia region. SAS is the aftermarket business of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (UTX).

(Logo: http://photos.prnewswire.com/prnh/20060403/SIKORSKYLOGO )

"This modification program will be executed at our Brisbane, Australia facility Sikorsky Helitech. We are excited for the opportunity to transform BSP's S-92 helicopter from an offshore oil configuration to a SAR mission ready aircraft," said Steve Bohlman, Director of Global Service and Support. "SAS has the capability to offer in-region OEM upgrade modifications including configuration transformation. Continually forward-looking, SAS strives to meet operators' customization requirements wherever they are located."

The aircraft modifications include a new automatic flight control system customized for performing SAR missions, forward looking infrared (FLIR), a dual auxiliary fuel tank system, dual rescue hoist, Triple Patient Litter System (TPLS), SAR seats, and a side sliding door large enough to accommodate standard patient litters with unrestricted rescue hoist access.

"BSP pilots are looking forward to using the newly modified Sikorsky S-92 helicopter for SAR missions. The aircraft will strengthen our Aviation Department and enhance search and rescue capabilities for BSP's operations as well as for the region," said Ken Marnoch, Managing Director of Brunei Shell Petroleum.

Established for more than 80 years in Brunei and as one of the largest energy companies in Asia, Brunei Shell Petroleum Co Sdn Bhd (BSP) is a leader in energy technology.

Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. Its Sikorsky Aerospace Services business designs and applies advanced logistics and supply chain solutions for commercial rotary, military rotary and fixed wing operators. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries worldwide.

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Sikorsky Aerospace Services to Complete SAR Conversion for Brunei Shell S-92® Aircraft

Boulder-based Ball Aerospace to build sensor for South Korean satellite

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Boulder-based Ball Aerospace & Technologies Corp. won a contract to build a sensor for a South Korean geostationary environmental monitoring satellite, officials announced Monday.

Officials for the locally based division of Broomfield's Ball Corp. said the contract not only could open the door for more international contracts for Ball Aerospace, but also serves as another piece of the puzzle in monitoring the air and environment over Asia.

Under the contract awarded by the Korean Aerospace Research Institute, Ball Aerospace will build the Geostationary Environment Monitoring Spectrometer for the GEO-KOMPSAT-2B satellite that has a scheduled launch of 2018.

The spectrometer will be designed to monitor air pollution for the Korean peninsula and the Asia-Pacific region.

The satellite and sensor, when launched, would complement other geostationary satellites -- among them the Ball Aerospace-provided Tropospheric Emissions: Monitoring of Pollution spectrometer -- positioned around the globe to monitor air quality.

"It really provides an enormous service for all the other countries of Asia," said Liam Weston, Ball Aerospace's senior manager for commercial and international business development.

The contract with KARI has been three years in the making and also marks a significant step for Ball Aerospace in developing its international efforts, he said.

"This is a good opportunity for us to show ... that we have the ability to export our hardware," he said.

Ball Aerospace beat out Dutch Space, of Holland, and Astrium, of Germany, he said.

Financial terms were not immediately available and Weston declined to disclose specific details.

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Boulder-based Ball Aerospace to build sensor for South Korean satellite

Embraer Selects Liebherr-Aerospace for Several Major Systems on the E-Jet G2

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Embraer has selected Liebherr-Aerospace as the supplier of the advanced high lift system and the integrated air management system for the next generation of their highly successful E-Jet commercial aircraft.

Embraer has chosen the best of the latest-generation solutions in high lift and air management. Liebherrs systems will provide higher reliability and lower operating costs for our airline customers. This new partnership strengthens the long-standing relationship between Embraer and Liebherr-Aerospace, said Embraer.

Selecting our flight control system and air management system, Embraer will provide crews and passengers with the most advanced systems certified in the history of aviation. Our technologies allow for increased flight control agility, optimized safety and comfort, and substantially reduce operating costs. Their robustness was proven under all operating conditions of the aircraft, Francis Niss, President of Liebherr-Aerospace & Transportation SAS, said. The E-Jet G2 program will benefit from Liebherr-Aerospaces decades-long experience in designing, manufacturing and servicing flight controls and air management systems for commercial aircraft.

The high lift system will be developed and manufactured by German-based Liebherr-Aerospace Lindenberg GmbH, Lindenberg, Liebherrs center of excellence for flight control and actuation systems. It will feature a complete fly-by-wire control system with dual channel skew detection. The system includes integrated computers, highly reliable hydraulic and electro-mechanical actuators and power control units.

Liebherr-Aerospace Toulouse SAS, Toulouse (France), Liebherrs center of excellence for air management systems, will develop and manufacture the air management system featuring integrated control architecture with lightweight pneumatic and mechanical components. It includes the engine bleed air system, the air conditioning system and the cabin pressure control system.

Liebherrs technologies will allow for a further substantial reduction of the CO2 and noise emissions of the E-Jet family, thus contributing to make commercial aviation more respectful of the environment. Liebherr-Aerospace is proud to contribute its latest generation of flight control and air management technologies to the success of Embraers commercial aircraft family.

Liebherr-Aerospace is a leading supplier of systems for the aviation industry.

Liebherr-Aerospace & Transportation SAS, Toulouse (France), is one of ten divisional control companies within the Liebherr Group and coordinates all activities in the aerospace and transportation systems sectors.

Liebherr-Aerospace is a leading supplier of systems for the aviation industry and has more than five decades of experience in this field. The range of aviation equipment produced by Liebherr for the civil and military sectors includes flight control and actuation systems, landing gear and air management systems. These systems are deployed in wide-bodied aircraft, single aisle and regional aircraft, business jets, combat aircraft, military transporters, military training aircraft, civil helicopters and combat helicopters.

Liebherrs aerospace and transportation systems division employs over 4,400 people. It has four aviation equipment production plants at Lindenberg (Germany), Toulouse (France), Nizhny Novgorod (Russia), and Guaratinguet (Brazil). These production sites offer a worldwide service with additional customer service centers in Saline (Michigan/USA), Seattle (Washington/USA), Wichita (Kansas/USA), Montreal (Canada), Sao Jos dos Campos (Brazil), Hamburg (Germany), Moscow (Russia), Dubai (UAE), Singapore and Shanghai (Peoples Republic of China).

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Embraer Selects Liebherr-Aerospace for Several Major Systems on the E-Jet G2


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