New money promised in the federal budget for the aerospace industry in Canada should mean more jobs on Prince Edward Island, says Aerospace PEI president Andrew Hall.

The new funding starts next year. Aerospace companies will have access to $110 million over the first four years, and $55 million a year after that.

"You're already seeing some of that start to trickle in now, companies looking at setting up in the province, a few people that are expanding because of the opportunities," said Hall.

"They're going to start competing on projects in the next six to nine months and that's going to translate into quite a bit of work for the Island economy."

Hall said the new federal funding could also be good for Holland College. The money will be invested, in part, on research at universities and colleges on large-scale projects with commercialization potential.

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Aerospace money in budget good news for P.E.I.

MONTREAL, March 22, 2013 /CNW Telbec/ - Aro Montral, Quebec's aerospace cluster, is pleased with the industry-specific measures announced yesterday in Canada's Economic Action Plan 2013.

"The measures announced are a positive response to the recommendations issued in the Aerospace Review report tabled last November. They are great news for the Quebec aerospace industry and attest to its strategic importance for the Canadian economy," said Gilles Labb, chair of the board of Aro Montral and president and CEO of Hroux-Devtek.

The recommendations for 2013-2014 clearly reflect the main priorities the industry set during the consultations in which Aro Montral took part:

In addition, incentives for small businessessuch as tax breaks on new machinery and equipmentwill promote growth of the industrial fabric and help strengthen the supply chain.

"We salute the government's vision in making aerospace a priority," said Aero Montral president Suzanne Benot. "This initial work plan dovetails with a number of initiatives implemented by actors in Quebec's aerospace cluster in the past ten years, such as the Greener Aircraft Catalyst Project (SA2GE) and the Consortium for Research and Innovation in Aerospace in Qubec (CRIAQ), as well as the MACH Initiative, Aro Montral's supply chain development program. By actively supporting this up-and-coming sector with effective and well-designed programs, the Canadian government is helping ensure the industry's long term growth and the creation of high quality jobs for Canadians."

About Aro Montral

Aro Montral, Qubec's aerospace cluster, is a strategic think tank that groups all the major decision makers in Qubec's aerospace sector, including companies, educational and research institutions, associations and unions.

Aro Montral's mission is to mobilize industry players around common goals and concerted actions to increase the cohesion and optimize competitiveness of Qubec's aerospace cluster. It aims to foster the growth and expansion of the cluster so as to ensure that it may continue to create wealth for Montral, Qubec and Canada. To find out more about Aro Montral, visit http://www.aeromontreal.ca.

SOURCE: Aro Montral

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Economic Action Plan 2013 - Benefits Quebec Aerospace Industry

KUALA LUMPUR: Malaysia is on track to become a global aerospace player by 2015 in line with the primary target of the country's National Aerospace Blueprint.

Launched in 1997, the blueprint was prepared by the Malaysian Industry-Government Group for High Technology (Might).

Its senior vice-president, Might Industry Intelligence, Datuk Kamarulzaman Zainal said since the formation of the steering body, the Malaysian Aerospace Council (MAC) in 2001, the industry had rapidly expanded to post annual growths of between 6% and 7%.

In respect of implementing the proposals contained in the National Aerospace Blueprint, we have completed 80%, and are on track to attain the goal of becoming an important global player. This is due to the emergence of local companies which are gaining prominence in the field. It is also supported by four key segments, namely, services maintenance, maintenance, repair and overhaul (MRO), manufacture of aeronautical aircraft components and systems integration, as well as human capital training and development, he told Bernama.

He said overall, the industry last year recorded an income of RM30.2bil, with 65,000 jobs having been successfully created to date.

Kamarulzaman said for the MRO sector, an income of RM5bil was recorded by industry players, close to the RM8bil target in 2015, while for the manufacture of aircraft components, about 8,000 workers with a variety of skills and 1,500 engineers are expected to be produced.

For aeronautics and systems integration, we have set the key performance index such that local companies can effectively expand and compete at the top tier from their present second spot. For human capital training and development in the aerospace industry, we have set no targets in respect of income, but have projected for it to become a regional centre, he added.

Commenting further, he said the sectors are also the key focus of Might in creating high-income job opportunities, alongside technopreneurs.

To further strengthen the industry, Might, as the secretariat to the MAC, would sponsor an industry forum at the Langkawi International Maritime and Aerospace Exhibition (LIMA 2013) from March 26-30.

It would focus on the development of logistics based on performance, with a representative of Boeing as the main speaker.

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Aerospace plan in progress

SOMERSET, N.J., March 21, 2013 /PRNewswire/ --Core Services Corporation ("Core Services"), an Oracle Platinum Partner and OAUG Three Star Partner, is delighted to enter into a new multi-year Oracle ERP hosting relationship with Senior Aerospace Metal Bellows ("SAMB").

(Logo: http://photos.prnewswire.com/prnh/20091130/NY17702LOGO )

Tony Santagati, SAMB's CFO, comments, "We are very pleased to extend our long-term partnership with Core Services. We chose to extend this relationship knowing that Core provides the best value with their strong technical competence, reliable systems, and optimum system performance. Core Services has proven to be a critical and trusted component of our information technology infrastructure as we look to grow our business in complex market conditions. The entire team at Core Services is to be commended for a job very well done."

Jim Bistis, President and CEO of Core Services, added, "We look forward to continuing our strategic partnership with SAMB's team, as we take great pride in our ability to achieve outcomes that exceed client expectations. Core Services is dedicated to providing superior services to technologically savvy clients by developing intelligent solutions for their unique needs. In addition, our client-centric culture is ingrained whereby meeting client expectations is essential to providing clients with the peace of mind they deserve."

About Senior Aerospace Metal Bellows

Senior Aerospace Metal Bellows was founded on a breakthrough process for creating welded diaphragm metal bellows and has been in the Manufacturing industry for over 50 years. The company was established in 1955 and became a Senior Aerospace company in 1994.

Metal Bellows continues to refine and develop welded metal bellows technology and the integration of welded metal bellows into critical aerospace, semiconductor, medical, and industrial applications. The company operates in a 65,000 square foot manufacturing facility in Sharon, Massachusetts. For more information about Senior Aerospace Metal Bellows, visit http://www.metalbellows.com/.

About Core Services Corporation

Profitable every year since its founding in 1990, Core Services Corporation, an Oracle Platinum Partner and OAUG Three Star Partner, delivers expert Oracle Applications implementation, development, and support to clients worldwide via its Hosting, Cloud, and Consulting services. Additionally, Core Services is authorized to sell and service the Oracle Applications, leveraging Oracle's Business Accelerators. For more information about Core Services, visit http://www.coreservices.com.

Contact: Josh Rothman Marketing Manager, Core Services Corporation +1-732-384-7020; jrothman@coreservices.com

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Senior Aerospace Metal Bellows ("SAMB") and Core Services Enter Multi-Year ERP Hosting Relationship

OTTAWA, March 21, 2013 /CNW/ - The Aerospace Industries Association of Canada (AIAC) is very pleased with measures announced in the Economic Action Plan 2013 released today in Ottawa.

"The measures announced in the 2013 Economic Action Plan constitute an excellent short-term response to the Aerospace Review report released in December," said Jim Quick, President & CEO of AIAC.

The Action Plan specifically addresses several Emerson Report recommendations in what the government qualifies as "early actions in response to the Aerospace Review." These include:

The government also committed to additional action over the coming year to "improve the focus and coordination of federal programs and practices."

"AIAC and its member companies look forward to supporting this government work, particularly with respect to the space industry," said Mr. Quick, noting, "Canada's global success depends on the development of innovative technologies and securing sales in this highly competitive global industry. Supportive and well-implemented government programs are critical."

Other positive Action Plan measures deemed to have a significant positive impact for the Canadian aerospace industry include the use of key industrial capabilities for military procurement, small business incentives, skills development, domestic financing, technology development and demonstration.

"AIAC supports the Government of Canada's strategy to reduce the federal deficit through spending discipline, and by encouraging economic growth geared towards exports, investment and innovation," said Mr. Quick. "We thank the government for making aerospace growth a priority. Our industry is keen to play its part by making strategic technology investments and creating even more highly skilled jobs for Canadians."

AIAC is the national association representing Canada's aerospace manufacturing and services sector. As the world's fifth-largest aerospace industry, Canada's aerospace sector generates more than $22 billion, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 160,000 Canadians. AIAC represents the interests of over 700 aerospace companies across Canada.

SOURCE: Aerospace Industries Association of Canada

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Economic Action Plan 2013 Delivers for Canadian Aerospace

Public release date: 20-Mar-2013 [ | E-mail | Share ]

Contact: Clea Desjardins clea.desjardins@concordia.ca 514-848-2424 Concordia University

This press release is available in French.

Montreal, March 20, 2013 The aerospace industry is a key sector of the Canadian economy. With sales of over $22.4 billion in 2011, Canada ranks fourth globally in aerospace production. Nearly half of that revenue was generated in Quebec, where Montreal is one of the few places worldwide in which all the components needed to assemble an aircraft are available within a single metropolitan area.

To determine whether Canada can keep up with the global pace, Industry Canada commissioned a study to evaluate how well Canadian aerospace firms, both large and small, are adapting to the changing marketplace. The research was conducted by Isabelle Dostaler, a professor in the Department of Management at Concordia's John Molson School of Business. The results, published in Operations Management Research, indicate that by adopting a "smaller is better" attitude, Canadian aerospace companies can to adapt to their new business environment.

In recent years, the aerospace industry has undergone major changes. The development and assembly of aircraft is now divided between numerous companies, with a handful of large manufacturers, like Bombardier, acting as "system integrators" meaning that they assemble large sections designed and manufactured by their suppliers to produce a complete aircraft. With globalization on the rise, the competition to be part of that supply chain is more intense than ever. Canadian aerospace suppliers often find themselves in competition with suppliers based in China, Brazil or Mexico, where labour costs are lower.

To conduct her study, Dostaler interviewed executives from several Canadian aerospace companies about best practices for winning contracts in this new business environment. She asked them about their particular business strategies and assessed the fit between their capabilities and the key success factors to win contracts in the industry. Respondents emphasized the increased pressure to keep costs low and added that dependability and quality were also critical concerns.

Dostaler's research reveals that successful aerospace companies pursue what is known as an "integrated low-cost differentiation strategy" which means that they provide a higher-quality product at a price that is still reasonable. In the new competitive landscape, buyers are no longer willing to pay a premium to buy differentiated products. By using the integrated business strategy, seven of the 13 companies studied created a good fit between their capabilities and the changing market; four more achieved an average fit.

This is encouraging news, but interview questions about the firms' weaknesses suggested room for further growth. Many companies saw their relatively small size as a weakness in the current industry structure. That's because the large manufacturers prefer to work with partners who can share the risks in new business ventures. The smaller the company's size, the more risk-averse it's likely to be.

The combat this situation, Dostaler suggests that "it might be time for smaller Canadian aerospace companies to focus more on market development." She also thinks that they should develop a marketing plan to convince large global companies that "small is beautiful." This may be the piece of the puzzle that is missing from some firms' efforts to adapt to changes in the industry.

Continued here:

Aerospace industry adapts to global marketplace

CONCORD, N.H. (AP) -- New Hampshire's aerospace and defense industry companies are working together to find opportunities overseas.

The New Hampshire Aerospace and Defense Export Consortium held its first formal meeting on Wednesday, just as many of its members are starting to feel the effects of the across-the-board federal spending cuts that began March 1. New Hampshire has about 300 aerospace and defense-related companies, and the industry is growing, but it is also deeply affected by what happens in Washington, said Christopher Way, interim director of the state Division of Economic Development.

"We're seeing the hiring that's starting to flatten. We're seeing expansions that aren't occurring and we're also seeing contracts that aren't being offered," he said. "We want to take a sector that has a pronounced impact on New Hampshire aerospace and defense and we want to do something more in the attack mode."

About 30 percent of the relevant companies haven't yet exported their products, Way said. The consortium is aimed at helping them, as well as the more experienced companies that face challenges navigating often confusing export regulations and laws.

Members of the group will take turns hosting monthly meetings, and the state is setting up a private online portal for them to exchange ideas and seek help."If there's an issue you're having or you want to pick someone's brain, you can either send them a message through the portal or you can start your own discussion group and everyone can feed into that," said Tina Kasim, of the state's International Trade Resource Center.

Harry Johnson of Profile Metal Forming in Newmarket asked the group to consider some kind of mentoring system to match up experienced companies with those just starting to explore exports.

"For a company starting down the path, it would be very helpful to have someone to speak with on various issues," he said.

The group will be focusing on countries that are increasing their defense spending and those that are seeing an increase in business and leisure travel. Among those who attended Wednesday's meeting, some said they want to do more business in the United Kingdom, while others were focused on South America, Australia and the Middle East.

While industry groups focused on exports are common overseas, they are less common in the United States, Way said.

"We've gotten more interest in this than probably anything in the last five years," he said. "An industry group like this, that's common ... but to add the export layer on that, that's what makes it a little bit different."

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NH defense, aerospace firms eye expanded exports

BOULDER, Colo., March 21, 2013 /PRNewswire/ --The Ball Aerospace & Technologies Corp. Operational Land Imager (OLI) aboard the Landsat Data Continuity Mission (LDCM) has completed initial checkout and along with the NASA Goddard Space Flight Center built Thermal Infrared Sensor (TIRS) snapped the mission's first multispectral images.

(Logo: http://photos.prnewswire.com/prnh/20130108/LA39163LOGO)

Link to the satellite's first images taken on March 18, 2013 of the intersection of the U.S. Great Plains and the Front Range of the Rocky Mountains in Wyoming and Colorado. http://www.nasa.gov/mission_pages/landsat/news/first-images-feature.html

The stunning images follow the launch of the LDCM spacecraft on February 11, 2013 from California's Vandenberg Air Force Base. Ball Aerospace built the sophisticated OLI instrument and also provided the cryocooler for TIRS, which was built by NASA Goddard Space Flight Center. The two sensors will coincidently collect multispectral digital images of the global land surface including coastal regions, polar ice, islands, and the continental areas.

"Release of the first image from LDCM is a great step toward ensuring these improved instruments provide the nation with the most up-to-date understanding of changes taking place across the planet," said Robert D. Strain, Ball Aerospace chief operating officer and incoming president.

For the past 40 years, the Landsat series, managed by NASA and the U.S. Geological Survey, has provided vital management information on the use of land resources, such as food, water and forests. For example, data from Landsat helped forest managers determine best response methods and resource allocation for the mountain pine beetle infestation in the Rocky Mountain region. Triggered by an extended drought in the late 1990s and early 2000s, Landsat allowed forest managers to study changes in the ecosystem and identify areas where dead trees should be removed from recreation and camping areas to prevent wildfires.

Improvements expected from the newest LDCM include increased radiometric sensitivity and additional spectral bands. LDCM will observe a total of 11 spectral bands, compared with eight bands on Landsat 7. Also, LDCM is expected to return 400 images per day, compared to 250 images per day from Landsat 7.

"We are very proud that the advanced remote sensing technologies we've provided for the LDCM will nearly double data collected and returned to the U.S. Landsat archive," said Strain.

Instruments on earlier Landsat satellites employed scan mirrors to sweep the instrument fields of view across the surface swath width and transmit light to a few detectors. Ball's OLI instrument instead uses long detector arrays, with over 7,000 detectors per spectral band, aligned across its focal plane to view across the swath. This "push-broom" design results in a more sensitive instrument providing improved land surface information.

Described as "the best Landsat ever launched" by LDCM project scientist Jim Irons, the data will significantly expand Landsat's 40-year archive, the only system of its type with a mission to collect, archive and distribute data of all the Earth's land surface for use by scientific, commercial and governmental agencies to understand the impact of global land changes.

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Ball Aerospace Sensor Aboard 8th Landsat Satellite Snaps First Images

LONDON (Reuters) - The government said on Monday it will join industrial partners to create a 2 billion pound aerospace centre, part of efforts to bolster manufacturers as it struggles to revive a flagging economy.

Aerospace is one of Britain's most important industrial sectors, and the new UK Aerospace Technology Institute is expected to focus on developing technology for the next generation of quieter, more energy-efficient aircraft.

Each partner is providing half the funding for the venture, which the government expects to secure up to 115,000 jobs in the aerospace sector and its supply chain.

Almost all the government contribution is new money, the Department for Business, Innovation and Skills said.

The announcement comes two days ahead of the state budget, in which Chancellor George Osborne is expected to stick to his guns on austerity, despite mounting calls for a change of course in an economic environment characterised by near-zero growth and slow progress on deficit reduction.

"We're doing all we can to maintain this jewel in our crown (and)... maintain Britain's position as the centre of aerospace technology," Deputy Prime Minister Nick Clegg said in a statement.

The government says aerospace supports more than 3,000 companies and employs 230,000 people in Britain, and expects the global civil aerospace market to grow to become worth more than $4.5 trillion (2.97 trillion pounds) by 2031.

Companies with aerospace operations in Britain include BAE Systems, EADS and Boeing.

The government also said it had committed an additional 500 million pounds to boosting sectors in which Britain has a comparative global advantage, such as agricultural technology and life sciences.

While Britain does have a relative head start in some high-tech sectors, others are catching up. China has replaced Britain in the world's top five arms-exporting countries, a Swedish think-tank said on Monday.

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Partners with industry to fund $3 billion aerospace centre

LONDON (Reuters) - The government said on Monday it will join industrial partners to create a 2 billion pound aerospace centre, part of efforts to bolster manufacturers as it struggles to revive a flagging economy.

Aerospace is one of Britain's most important industrial sectors, and the new UK Aerospace Technology Institute is expected to focus on developing technology for the next generation of quieter, more energy-efficient aircraft.

Each partner is providing half the funding for the venture, which the government expects to secure up to 115,000 jobs in the aerospace sector and its supply chain.

Almost all the government contribution is new money, the Department for Business, Innovation and Skills said.

The announcement comes two days ahead of the state budget, in which Chancellor George Osborne is expected to stick to his guns on austerity, despite mounting calls for a change of course in an economic environment characterised by near-zero growth and slow progress on deficit reduction.

"We're doing all we can to maintain this jewel in our crown (and)... maintain Britain's position as the centre of aerospace technology," Deputy Prime Minister Nick Clegg said in a statement.

The government says aerospace supports more than 3,000 companies and employs 230,000 people in Britain, and expects the global civil aerospace market to grow to become worth more than $4.5 trillion (2.97 trillion pounds) by 2031.

Companies with aerospace operations in Britain include BAE Systems, EADS and Boeing.

The government also said it had committed an additional 500 million pounds to boosting sectors in which Britain has a comparative global advantage, such as agricultural technology and life sciences.

While Britain does have a relative head start in some high-tech sectors, others are catching up. China has replaced Britain in the world's top five arms-exporting countries, a Swedish think-tank said on Monday.

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Government partners with industry to fund $3 billion aerospace centre

STAMFORD, Conn., March 19, 2013 /PRNewswire/ --PASSUR Aerospace, Inc (PSSR), a business intelligence, Big Data, software and solutions company, reported that despite an 8% increase in its North American airline, airport, and business aviation revenue, total Company revenue decreased 23% to $2,675,000 for the three months ended January 31, 2013, compared to $3,464,000 for the same period in fiscal year 2012. For the three months ended January 31, 2013, international, professional services, and government revenue decreased $977,000, primarily due to the completion of a government contract and a professional services engagement in fiscal year 2012.

For the three months ended January 31, 2013, income from operations was $114,000 compared to $454,000 in the same period of the previous fiscal year. For the three months ended January 31, 2013, net income was $12,000 or $.00 per diluted share compared to $380,000 or $.05 per diluted share, as compared to the same period in fiscal year 2012.

"We're pleased with the increase in commercial subscription sales, which is a revenue record for PASSUR," said Jim Barry, President and CEO of PASSUR Aerospace. "This quarter was the first one in which the Company had revenue from each of the eight major North American airlines. In addition, the market is responding very positively to PASSUR Integrated Traffic Management (PITM), as well as our collaborative industrial social networks, which include Airport Information Network (AIN) and IATA Tactical Operations Portal (ITOP). These new products continue to enhance the value of the PASSUR platform to a worldwide community of aviation customers."

"We believe that PASSUR is a pioneer in the use of Big Data for the aviation industry. This capability should fuel continued growth for our business," said G.S. Beckwith Gilbert, PASSUR Aerospace Chairman of the Board.

About PASSUR Aerospace PASSUR Aerospace, Inc. is a business intelligence and Big Data company that provides predictive analytics built on proprietary algorithms and the concurrent integration and simultaneous mining of multiple databases. We believe PASSUR is the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves dozens of airlines (including all the top eight North American airlines), approximately 60 airport customers (including 22 of the top 30 North American airports), and approximately 200 corporate aviation customers, as well as the U.S. government. PASSUR's system provides coast-to-coast coverage and is driven by proprietary, patented, business intelligence software, which is powered by a unique North American network of over 150 passive radar sensors, company owned. Other sensors are located in Europe and Asia. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Flight tracks are updated between 1 and 4.6 seconds, thereby making available a system which is user-friendly and useful for decision-making. Visit PASSUR Aerospace's web site at http://www.passur.com for updated products, solutions, and news.

The forward-looking statements in this press release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2012 Form 10-K and January 31, 2013 Form 10-Q.

Contact: James T. Barry President & CEO (203) 622-4086 jimbarry@passur.com

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PASSUR® Aerospace Reports All Of The Top 8 North American Airlines Are Customers

CHARLOTTE, N.C., March 19, 2013 /PRNewswire/ --UTC Aerospace Systems announces the release of the Cloud Cap Technology Piccolo Nano autopilot, the smallest addition to the industry standard Cloud Cap Technology Piccolo family of flight management systems. The Piccolo Nano is designed to meet the requirements of the smallest UAV (unmanned aerial vehicle) in both size and price with all the capabilities and features needed by the most sophisticated UAVs. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX)

The Piccolo Nano is a new fully compatible member of the Piccolo autopilot family in both software and feature capability, the Piccolo Nano provides a small, lightweight, flexible architecture to support the myriad of designs in small hand launched or uniquely configured UAVs. This unenclosed, distributable autopilot system provides maximum installation flexibility to the system integrator and is a perfect fit in small UAVs where the vehicle structure provides the enclosure and the autopilot components need to be distributed within the airframe's available space.

The Piccolo Nano will be priced to enter the market in the $1000 range, addressing the need for economy in small UAVs while maintaining a professional grade fully supported autopilot. The unit can be upgraded with the same options as the Piccolo SL and Piccolo II which include DGPS precision auto land, moving baseline landing support, VTOL support and more.

More information on the new Cloud Cap Technology Piccolo Nano and other industry standard Cloud Cap Technology products can be found at http://www.cloudcaptech.com.

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.

http://www.utcaerospacesystems.com

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UTC Aerospace Systems Introduces Smaller UAV Autopilots

UTC Aerospace Systems, a division of United Technologies Corp. (UTX), has been selected by Embraer SA (ERJ) to provide wheel and carbon brakes for its fleet of second-generation E-Jet aircrafts. The Wheels & Brakes business of UTC Aerospace Systems, located in Troy, Ohio, will supply the equipments for the aircrafts.

UTC Aerospace Systems will use proprietary DURACARB carbon heat sink material for the E-Jet carbon brakes. The strategic partnership should foster superior customer focus and extended brake life for the new E-Jet fleet, with a 35% brake life advantage over other competitive products available, thereby generating significant cost savings.

Additionally, UTC Aerospace Systems will also supply the electric system for the E-Jets, including electric power generation, emergency power generation, primary power distribution and secondary power distribution facilities. The new power system has major upgrades compared to the first generation, with the latest drive generator technology and 50% more power. The new power system will provide Embraer with innovative technologies, high performance and additional flexibility to support E-Jet aircrafts.

Management is highly encouraged by its business relationships with Embraer. With the prevailing competitive environment in the aviation industry, UTC Aerospace Systems aims to address customer needs and build long-term relationships with clients to generate a steady demand.

Based in Hartford, CT, United Technologies provides high-end technology products and services to the building systems and aerospace industries worldwide. The company is a diversified business conglomerate serving various end markets such as aerospace, defense and commercial construction. The business diversification allows the company to remain profitable amid tough economic times.

However, the company needs to be wary of its competitors, which include formidable names such as Macquarie Infrastructure Company LLC (MIC). United Technologies currently has a Zacks Rank #3 (Hold). One of its competitors, Tyco International Ltd (TYC) carries a Zacks Rank #2 (Buy).

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UTC Aerospace Wins Embraer Contract

CLEVELAND--(BUSINESS WIRE)--

Nextant Aerospace, maker of the Nextant 400XT, the worlds only remanufactured business jet, today bolstered its global sales team with the promotion of Jay Heublein to Executive Vice President, Global Sales and Marketing. The company also announced the hire of senior aviation executives Peter Walker as Vice President of Sales for Europe, the Middle East, Africa and Asia Pacific, and Richard Butch Lang as U.S. Regional Sales Director. Walker and Lang have a combined 30 years of sales experience with the Hawker/Beechcraft product line.

The Nextant global sales team is led by Jay Heublein, Vice President of Sales and Marketing. Under his leadership the company closed more than $100 million in sales and delivered 26 Nextant 400XTs to buyers in six countries on four continents. Heublein is an established leader in the private aviation industry previously overseeing the rapid expansion of Flight Options as Vice President of Sales and Marketing from its early days to becoming the second largest private aviation fleet in the world. He has also held senior roles with Cessnas CitationShares organization.

It was Jays strong leadership and solid understanding of the market that drove Nextant sales to where they are today, said Sean McGeough, President of Nextant Aerospace. I am confident that Jay and his team will build on early success as we expand our global sales and marketing activities.

Peter Walker will spearhead international sales efforts as Vice President of Sales for Europe, the Middle East, Africa and Asia Pacific. Based in Dubai, he will work with current and prospective customers, plus oversee the development of the international dealer network in that region. Originally from South Africa, Walker has deep regional knowledge and long-standing relationships in the region. His aviation career started with the South African Air Force First Parachute Battalion. He is a qualified aerobatic pilot and represented South Africa in the 1997 Advanced World Aerobatic Championships.

International interest in the Nextant 400XT has exceeded expectations, said Peter Walker. The 400XT is an excellent aircraft for the region. It has the range to go anywhere in Europe, outstanding dispatch reliability and a price point that is ideal for developing markets.

Butch Lang joins Nextant as U.S. Regional Sales Director. He is a 21-year veteran of Hawker Beechcraft and has direct sales experience throughout the U.S. He will concentrate on sales in the Western U.S., building on strong initial demand. Lang has a history of developing new markets into highly successful territories and forming successful aviation partnerships. Prior to his career in sales, Lang spent eight years as a commercial airline pilot. He was also a Commander in the U.S. Navy. Lang is an Executive Board Member of the Airline History Museum.

I am very excited to join such an exciting, young company with a product I know so well, said Lang. The Nextant enhancements have significantly improved the aircrafts capabilities. To be able to deliver an aircraft with this performance at half the cost of the competition is a truly unique proposition.

Both Peter Walker and Butch Lang have proven track records and excellent product knowledge, said Sean McGeough. Their entrepreneurial attitude and long-term view on customer relationships will fit in well with the Nextant culture. Their previous experience with Hawker Beechcraft gives them unique knowledge of the aircraft and the market.

About Nextant Aerospace

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Nextant Aerospace Bolsters Global Sales Team

Britain is to open a new research centre to keep its aerospace industry world-class, backed by 2bn investment from business and Government over the next seven years.

The UK Aerospace Technology Institute will work on developing the next generation of faster, quieter and more energy-efficient aircraft, in an effort to maintain the industrys position as the biggest in Europe, second only to the US.

A core team of 30 to 50 staff, mostly seconded from industry and academic, will carry out aerospace research and development at a site likely to be based closed to a university, ministers said.

The institute forms part of a wider industrial strategy devised by business, Government and academics , which will focus funding on four key areas in which the UK already excels: wings, engines, aerostructures and advanced systems.

The Government pledged to provide more than 1bn in funding, which will be matched by companies. Officials said that represented fresh state funding, other than 90m announced in the last year.

Business Secretary Vince Cable said: This long-term commitment of 2bn investment in aerospace research and development - half Government, half private - will anchor the sector in the UK for a long time to come.

Ministers said the seven-year funding commitment, running into end of the next parliament, offered the long-term support the industry needed.

This is all part of rebalancing the economy and playing to our strengths, said Michael Fallon, the Business Minister. We are the best in Europe [in aerospace] but we cannot sit back. Its very important that we retain high-value manufacturing in this country.

Katja Hall, chief policy director at the CBI business lobby group, said: This is an ambitious strategy showing the Government can balance the long view with shorter-term priorities.

Separately, Indonesian carrier Lion Air agreed to buy 234 A320 jets worth $24bn (16bn) from European aerospace giant Airbus (Paris: NL0000235190 - news) , reflecting the countrys rapid passenger growth of 20pc annually.

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New UK aerospace institute planned with £2bn backing

Britain's aerospace industry will receive investment totalling hundreds of millions of pounds in an effort to keep it ahead of international competition, Nick Clegg, the deputy prime minister, will announce on Monday.

Ministers are keen to flag their support of the industry after the collapse of the $45bn (30bn) merger between BAE Systems (LSE: BA.L - news) and EADS (Paris: NL0000235190 - news) , the owner of Airbus, last year . That deal was expected to offer surety that Airbus production would continue in Britain.

Under the plans, the Government is expected to pledge to match-fund investment by companies in the sector over the next few years. The funding will be detailed as Mr Clegg uses a visit to an Airbus plant in Bristol to set out a strategy intended to secure the sectors future growth.

The plans will be the result of an existing Government initiative to support the industry, called the Aerospace Growth Partnership.

The UK aerospace industry currently holds a 17pc share of the global market, according to industry body ADS. Half the worlds modern large aircraft fly on Airbus wings manufactured in the UK.

However, British aerospace faces increasing competition from not just traditional rivals, but also from developing manufacturing powers.

Paul Everitt, chief executive of ADS Group said: The UK aerospace industry is the largest in Europe and second only to the US globally. The sector makes a significant contribution to the UK economy so it is important that it is supported in maximising opportunities in the future.

It is critical that we develop a long-term strategy to support the entire supply chain.

Aerospace already supports more than 100,000 jobs directly in the UK, with annual revenues in the region of 24bn.

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Clegg: UK aerospace to recieve investment windfall

Published: March. 18, 2013 at 12:23 PM

LONDON, March 18 (UPI) -- Britain's government and industry will invest $3 billion in the country's aerospace manufacturing sector, a top government official said Monday.

British Deputy Prime Minister Nick Clegg said the long-term investment will secure 115,000 jobs in the country and will enable Britain to remain a world leader in the sector amid increasing foreign competition and rapid technology change.

"Aerospace experts with highly specialized skills are working hard to make sure the U.K. remains Europe's number one aerospace manufacturer," he said. "We're doing all we can to maintain this jewel in our crown, which is why government is working hand in hand with industry to inject ($3 billon) into a unique long-term strategy to maintain Britain's position as the center of aerospace technology.

The government said it would also invest about $775 million in other industry sectors and hopes to double that amount.

"The U.K.'s best technical experts can ensure we remain the word's preferred supplier and continue to build and design the planes of the future -- lighter, quieter, faster, and more fuel efficient," Clegg said.

The seven-year funding will create the U.K. Aerospace Technology Institute, which will allow industry and academic researchers to develop technology for the next generation of aircraft by securing research and development activity necessary to win work on future aircraft programs.

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U.K. industry in aerospace push

LONDON (Reuters) - The government said on Monday it will join industrial partners to create a 2 billion pound aerospace centre, part of efforts to bolster manufacturers as it struggles to revive a flagging economy.

Aerospace is one of Britain's most important industrial sectors, and the new UK Aerospace Technology Institute is expected to focus on developing technology for the next generation of quieter, more energy-efficient aircraft.

Each partner is providing half the funding for the venture, which the government expects to secure up to 115,000 jobs in the aerospace sector and its supply chain.

Almost all the government contribution is new money, the Department for Business, Innovation and Skills said.

The announcement comes two days ahead of the state budget, in which Chancellor George Osborne is expected to stick to his guns on austerity, despite mounting calls for a change of course in an economic environment characterised by near-zero growth and slow progress on deficit reduction.

"We're doing all we can to maintain this jewel in our crown (and)... maintain Britain's position as the centre of aerospace technology," Deputy Prime Minister Nick Clegg said in a statement.

The government says aerospace supports more than 3,000 companies and employs 230,000 people in Britain, and expects the global civil aerospace market to grow to become worth more than $4.5 trillion (2.97 trillion pounds) by 2031.

Companies with aerospace operations in Britain include BAE Systems (LSE: BA.L - news) , EADS (Paris: NL0000235190 - news) and Boeing (NYSE: BA - news) .

The government also said it had committed an additional 500 million pounds to boosting sectors in which Britain has a comparative global advantage, such as agricultural technology and life sciences.

While Britain does have a relative head start in some high-tech sectors, others are catching up. China has replaced Britain in the world's top five arms-exporting countries, a Swedish think-tank said on Monday.

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Britain partners with industry to fund $3 billion aerospace centre

The aerospace industry and the Government have announced a 2 billion investment to keep the UK at the forefront of world manufacturing.

The Government is investing 1 billion and the aerospace industry is matching the amount.

The money, which is being invested over a seven-year period, will be used to create a UK Aerospace Technology Institute.

The institute will help to develop the next generation of quieter and more energy-efficient aircraft, and it is estimated the investment will secure in the long term up to 115,000 jobs in the aerospace industry and its supply chain.

Making the announcement during a visit to Airbus in Filton, Bristol, Deputy Prime Minister Nick Clegg said: "Aerospace experts with highly specialised skills are working hard to make sure the UK remains Europe's number one aerospace manufacturer.

"We're doing all we can to maintain this jewel in our crown, which is why government is working hand in hand with industry to inject 2 billion into a unique long-term strategy to maintain Britain's position as the centre of aerospace technology.

"The UK's best technical experts can ensure we remain the world's preferred supplier and continue to build and design the planes of the future - lighter, quieter, faster and more fuel- efficient."

Among the firms taking part in the Aerospace Technology Institute are Airbus, GKN Aerospace, Rolls-Royce, ADS, Messier-Dowty and AugustaWestland.

Business Secretary Vince Cable, who chairs an aerospace business leaders' group, said: "This long-term commitment of 2 billion investment in aerospace research and development - half Government, half private - will anchor the sector in the UK for a long time to come. Our aerospace sector already supports more than 3,000 companies and employs 230,000 people across the UK."

Marcus Bryson, chief executive officer of GKN Aerospace and Land Systems and co-chair of the Aerospace Growth Partnership, said: "The creation of an Aerospace Technology Institute puts the UK in a strong position to deliver the technologies, skills, capabilities and investment we need to take advantage of the exciting growth opportunities that are forecast for the sector."

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Aerospace institute plan unveiled

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China aerospace manufacturing industry, 2011