18 March 2013 Last updated at 14:08 ET

MB Aerospace is to embark on a series of acquisitions after a US private equity firm bought a majority stake in the business.

The Motherwell-based company said it had completed a "secondary" management buyout with Arlington Capital Partners.

Under the terms of the deal, Arlington Capital is taking a majority stake alongside the MB Aerospace management team.

The value of the transaction was not disclosed.

MB Aerospace, which employs more than 100 people in Scotland, focuses on machined and fabricated components for global aerospace and defence manufacturers.

The company, which has manufacturing operations in the UK and the US, said it was in discussions with "a number of acquisition targets" in the United States which would see the group expand considerably from its current turnover of more than $80m (53m).

Chief executive Craig Gallagher, who led the original management buyout of the company from engineering group Motherwell Bridge in 2007, will be chief executive of the enlarged business.

Mr Gallagher said: "This landmark deal represents a great vote of confidence in our US and UK employees and operations, as well as providing the group with significant opportunities for further expansion in the months and years ahead."

MB Aerospace's existing customers include Pratt & Whitney, Rolls-Royce, General Electric, Boeing, Mitsubishi Heavy Industries and Volvo Aerospace.

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Aerospace firm to grow after buyout

Interview with Aerospace Engineering student Rob Stalker - Carleton University
Interview with Aerospace Engineering student Rob Stalker. Visit Carleton University online at http://www.carleton.ca.

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Interview with Aerospace Engineering student Rob Stalker - Carleton University - Video

The Government will next week commit hundreds of millions of pounds of public money to Britains aerospace industry as it attempts to accelerate the rebalancing of the flagging economy.

I understand that Nick Clegg, the Deputy Prime Minister, will make the pledge on Monday when he unveils the latest phase of the Aerospace Growth Partnership (AGP).

Similar to initiatives already launched in the automotive and defence industries, the AGP will involve money committed by the major companies in the sector - including Airbus, Bombardier and Rolls-Royce - being match-funded by the Government.

Insiders said on Saturday that the total funding under the AGP could reach 1bn within a few years.

Unusually for an industrial initiative of this kind, Mr Clegg will commit to resourcing the AGP well beyond the lifetime of the Coalition Government by saying that the commitment will run for 10 years.

The longer duration of the pledges to support the aerospace industry are designed to counter accusations that the Government is too short-term in its industrial outlook and should enable big companies to make longer-term investment decisions, officials said.

The focus of the new funding will go towards supporting the infrastructure on which the aerospace industry depends, such as research and development activity, and protecting and enhancing the sector's supply chain.

Aerospace is one of the UK's most important industries, directly employing more than 100,000 people and recording more than 24bn in annual earnings, according to a document published by the Government last week.

"The UK's current strength is the result of significant public and private investment in research and technology in the late last century.

"The UK aerospace industry is faced with increasing competition globally, not only from traditional aerospace manufacturing nations but also from developing aerospace nations," it said.

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Clegg Launches £1bn Aerospace Pledge

Sequestration has begun and the defense industry is beginning to take stock.

The Aerospace Industries Association, for one, went all in during the year-and-a-half long battle to stave it off and lost. The leading voice of defense contractors and aircraft manufacturers spent significant time, energy and money making the case that deep cuts to defense and discretionary funding would harm not only the nations economy but also its security.

But as the March 1 deadline passed without intervention by Congress and the White House, the budget cuts and corresponding Pentagon furloughs are being ushered in. Ripple effects for defense vendors, large and small, are expected to follow.

Nevertheless, AIA led by its high-profile CEO, Marion Blakey is not giving up the fight.

Were not going to stop, said Francis Sheller, the associations vice president of communications. The battles not over.

For the first time in the history of the defense industry, we at AIA all came together on a major policy issue, he said. Given the fact that this is a long-term battle, its got long-term value.

AIA wouldnt say how much it spent specifically on making the case against sequestration besides estimating that the number is significantly under $1 million. Overall, AIAs education campaign, called Second to None, spent around $2 million over the past year.

As sequestration unfolds, defense analysts predict that the opportunities for AIA to say, I told you so will abound.

Sequestration wasnt just a light switch that you flip on on March 1, and everything bad happens, said Cord Sterling, AIAs vice president for legislative affairs. It is a process that now has been set in motion. The longer it goes on, the more damage it will do to the economy, the industrial base and to the federal agencies and their missions. Obviously, were trying to get [lawmakers] to focus on resolving this as soon as possible by some mechanism.

Defense consultant Loren Thompson, who works closely with many of the big companies that form AIAs membership, agreed that time will tell just how influential AIAs voice was in the sequestration fight.

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Aerospace takes sequester hit

LMI Aerospace (Nasdaq: LMIA) reported earnings on March 12. Here are the numbers you need to know.

The 10-second takeaway For the quarter ended Dec. 31 (Q4), LMI Aerospace met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share contracted significantly.

Gross margins grew, operating margins increased, net margins contracted.

Revenue details LMI Aerospace chalked up revenue of $71.9 million. The four analysts polled by S&P Capital IQ anticipated revenue of $72.3 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $65.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details EPS came in at $0.38. The four earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. Non-GAAP EPS of $0.38 for Q4 were 8.6% higher than the prior-year quarter's $0.35 per share. GAAP EPS of $0.08 for Q4 were 77% lower than the prior-year quarter's $0.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details For the quarter, gross margin was 22.6%, 30 basis points better than the prior-year quarter. Operating margin was 9.5%, 270 basis points better than the prior-year quarter. Net margin was 1.3%, 500 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead Next quarter's average estimate for revenue is $110.5 million. On the bottom line, the average EPS estimate is $0.27.

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LMI Aerospace Misses Where it Counts

CHARLOTTE, N.C., March 14, 2013 /PRNewswire/ -- Embraer has chosen UTC Aerospace Systems to provide the electric system for its new second generation E-Jet aircraft. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX).

The electric system comprises electric power generation, emergency power generation, primary power distribution and secondary power distribution.

Built on the success of the first generation E-Jet power generation system, the second generation E-Jet system incorporates the latest integrated drive generator technology and will provide up to 50 percent more power in a similarly sized unit.

The primary and secondary power distribution systems will provide greater performance and reliability at significantly lower weight. Innovative technologies will provide Embraer additional flexibility to make changes and updates more effectively.

"We are proud to continue our valued relationship with Embraer and to support their advanced E-Jet aircraft with this high performance, integrated aircraft electric system," said Tim White, president, UTC Aerospace Systems Electric Systems. "The system combines proven products with innovations to support the new E-Jet requirements for improved performance and reliability."

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 to provide the electric system for Embraer's second generation E-Jets

CHARLOTTE, N.C., March 14, 2013 /PRNewswire/ -- UTC Aerospace Systems, a unit of United Technologies Corp. (UTX) has been selected by Embraer to be the sole source supplier of wheels and carbon brakes for Embraer's second generation E-Jet aircraft family. UTC Aerospace Systems will provide the equipment through its Wheels & Brakes business unit headquartered in Troy, Ohio. The new Second Generation E-Jets are expected to enter into service in 2018.

UTC Aerospace Systems, Wheels & Brakes will provide the main wheel, nose wheel and carbon brakes that use proprietary DURACARB carbon heat sink material, proven in service on more than 2,300 aircraft world-wide to provide a 35% brake life advantage over competitive products.

"We are very happy to expand our partnership with Embraer to include the successful E-Jet family and are proud they recognize the value we bring to both themselves and the aircraft operators," said Jim Wharton, President, UTC Aerospace Systems Wheels & Brakes.

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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Embraer Selects UTC Aerospace Systems Wheels & Brakes for Second Generation E-Jets

by IOM Aerospace Cluster

The Isle of Man Aerospace Cluster (IOMAC) recently reached its fifth anniversary as a member of the UKs North West Aerospace Alliance (NWAA). Laurence Skelly MHK who has political responsibility for manufacturing within the Department of Economic Development said: The Isle of Man Aerospace Cluster supports virtually every current civil and defence aerospace project in the world, demonstrating the success that the Cluster has enjoyed during its 5 year relationship with the North West Aerospace Alliance. As one of the leading industrial clusters in Europe, our relationship with the North West Aerospace Alliance has been vital in driving the success of the Islands aerospace manufacturing sector. Aerospace has been one of the Islands economic success stories in recent years with the numbers employed among Isle of Man Aerospace Cluster members growing by over 30% over the past 8 years with the aerospace sector contribution to GDP growing by 25% during the same period. With order books looking healthy there are significant job opportunities within the sector for the foreseeable future. Nearly 400 new employees will be required by 2021 to meet the requirements of the industry. Adrian Moore is the Departments Business Development Manager for Manufacturing and acts as the IOMAC Chair. He commented on some of the ways in which the NWAA had supported this growth: Our relationship with the NWAA over the past 5 years has given our members direct access to one of the most dynamic and important aerospace clusters in Europe, which has been especially beneficial for our smaller member firms. For example, being part of the NWAA stand at the Farnborough International Airshow, the largest aerospace trade event in the world, cost-effectively delivered significant return on investment for us. NWAA have also been highly supportive of our quality management programme, Journey to Process Excellence (JTPE), which is being rolled out across the member firms. This has already delivered significant benefits to those who have undertaken JTPE with several more due to begin the programme shortly.

To help people find out more about these opportunities, IOMAC members are supporting the 2013 Engineering and Manufacturing Sector Careers event, which is being held at the Isle of Man College, Douglas on 19th March.

The IOMAC has recently been reinforced by the addition of a 20th member. Adrian Moore continued:

We are delighted to announce that our 20th member is Manx Precision Optics Ltd, a newly established manufacturing company formed by Dr Helmut Kessler, a well-known figure within the industry in the Isle of Man. This will reinforce our capabilities in being able to deliver cost-effective, joined-up precision manufacturing solutions to our global blue-chip client base. David Bailey, Director of Operations for the North West Aerospace Alliance said: The Isle Of Man Aerospace Cluster has developed highly effective relationships and synergies across the Islands aerospace sector to enable real collaboration to take place. The success of this can be seen in the projects that have been undertaken to drive the industry forward in areas such as apprentice training and joint purchasing. The unique aspect of the Isle of Man Aerospace Cluster is the compact geography of its members along with a pragmatism that turns talk into action. Information on IOMAC and its members plus details of local job opportunities can now be found on the new version of its website at http://www.aerospace.co.im. Designed by a local firm consistent with the Isle of Man, Where You Can branding, the new site is also mobile phone and tablet friendly.

If you'd like to send any information or news releases to us then please feel free to do so and we would be more than happy to consider sharing your news with the Isle of Man!

Send your Isle of Man news to:webmaster@manx.net

Manx Telecom Ltd 2013

Manx Telecom Ltd, Isle of Man Business Park, Cooil Road, Braddan, Isle of Man IM99 1HX Registered in the Isle of Man Reg no.5629V Vat Reg no GB 003-2919-12

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Aerospace Cluster reaches 5 years as part of the North West Aerospace Alliance

ST. LOUIS, March 12, 2013 (GLOBE NEWSWIRE) -- LMI Aerospace, Inc. (LMIA), a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace and defense markets, today announced its financial results for the fourth quarter and the twelve months ended December 31, 2012.

2012 Highlights

Fourth Quarter Results

Net sales for the fourth quarter of 2012 increased 10.6 percent to $71.9 million, compared to $65.0 million in the fourth quarter of 2011. Net income for the fourth quarter of 2012 was $1.0 million, or $0.08 per diluted share, compared to $4.1 million, or $0.35 per diluted share, in the fourth quarter of 2011. Fourth quarter 2012 results include a pre-tax charge of $4.8 million of acquisition costs and of $0.6 million for the write off of deferred financing fees. Excluding these charges, net of a 35.0 percent tax rate, earnings per diluted share would have been $0.38. The operations of Valent, included for only three days after the closing on December 28, 2012, had no material impact upon sales and earnings for the fourth quarter of 2012 or for the full-year 2012.

For the full-year 2012, net sales were $278.6 million versus $254.0 million in the prior year. Net income was $16.5 million, or $1.39 per diluted share, in 2012 compared to $16.4 million, or $1.40 per diluted share, in 2011. Full-year 2012 results include a pre-tax charge of $5.4 million of acquisition costs and of $0.6 million for the write off of deferred financing fees. Excluding these charges, net of a 35.0 percent tax rate, net income for 2012 would be $20.4 million or $1.73 per diluted share.

"LMI entered 2012 with growing demand for its Aerostructures products and Engineering Services. LMI benefited from increased production rates and new awards on Boeing and Gulfstream models, as well as Engineering Services awards on the Learjet 85, the Boeing 787 and the Boeing KC-46 tanker," said Ronald S. Saks, Chief Executive Officer of LMI. "A large design build contract for the Embraer KC-390 also enabled us to refine our program management process and improve our design build infrastructure. Our revenue growth accelerated and significant hiring was done through most of 2012.

"As our financial condition continued to strengthen, we sought to acquire meaningful machining capabilities to enhance our complex assembly offerings and to supplement Engineering Services with aftermarket business. To that end, we acquired TASS in August 2012 and Valent in December 2012, transforming LMI into a supplier offering unique engineering services and structural aerospace products and services. We believe these customer awards were tangible evidence of the reputation LMI has developed in the aerospace market and that LMI is distinguishing itself as a company that provides a wide range of products and services that our customers need and want.

"In 2012 we worked through an unusual number of difficult programs, almost all of which were caused by inaccurate tooling or engineering provided by our customers. By the end of 2012, we converted these difficult programs from problems to successes and cemented relationships with key customers. As a result, opportunities for new, more complex work continue to grow in the structural products area, with several projects "expected to begin in 2013. Combined now with Valent, those opportunities are larger and more complex and will test our ability to execute them. We are optimistic that wins on successful airplane models will diversify our product offerings and provide the basis for continued growth in future years.

"Our revenue guidance for 2013, excluding Valent, reflects a reduction in Engineering Services revenue and an increase in legacy Aerostructures sales with a net reduction in sales of $2.0 million. A combination of sequestration uncertainty, a customer negotiation with its union in our largest Engineering Services market and near term completion of design work on several large engineering projects in the first six months of 2013 all have combined to suggest that Engineering Services revenue in the first six months of 2013 will be substantially below previously anticipated levels. We expect, however, that large orders received in the last two months from Aerostructures customers should offset our estimated reduction in Engineering Services revenue and some new awards are enabling us to use engineers in our Aerostructures plants. Additionally, both legacy Aerostructures and Valent have some capacity for more projects, and we believe those opportunities should help mitigate against any further unexpected short fall at Engineering Services. As a result, we remain optimistic that profitable growth should continue in 2013."

Increased demand for Boeing 737 wing modification kits and growth on the Boeing 777 platform contributed to the 11.5 percent increase in net sales of large commercial aircraft products. Corporate and regional aircraft revenues were lower as the fourth quarter of the prior year included revenue from tooling on the Mitsubishi Regional Jet program, which did not recur, partially offset by increases in deliveries for the Gulfstream G650 and G280 models. Military products increased as revenues on the KC-390 program and growth on the Apache helicopter offset reduced sales related to the Blackhawk program.

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LMI Aerospace , Inc. Announces Fourth Quarter and Full-Year 2012 Results

SAN MARINO, Calif.--(BUSINESS WIRE)--

Trans-Pacific Aerospace Company, Inc. (TPAC) announced today that its China subsidiary has passed all qualification testing for SAE Aerospace Standard 81820 and has received formal written qualification approval from the U.S. Navy, becoming the first and only manufacturer in China qualified to make bearings under this standard and under SAE-AS81934.

Over 3,000 AS81820 and AS81934 parts are used in every commercial aircraft made by such manufacturers as Airbus and Boeing, and must be replaced regularly.

"We are delighted to be the only SAE-certified bearing manufacturer in China," said Bill McKay, Trans-Pacific Aerospace CEO. "We're now on the QPL supplier list which allows us to pursue long term competitive contracts not only for aircraft and sub-assemblies made in China by Airbus and Boeing, but throughout the world."

China is the world's largest aviation market outside of the United States, with Aviation Industry Corporation of China (AVIC), the country's dominant aerospace contractor, forecasting that China's commercial aircraft fleet will more than triple in size to 6,309 by 2031, from 1,755 aircraft at the end of 2011.

Godfrey Guangzhou Aerospace Bearings, a wholly owned foreign enterprise of Godfrey (China) Limited, Trans-Pacific Aerospace Company's subsidiary, is also qualified to manufacture SAE-AS81934 journal bearings.

About Trans-Pacific Aerospace (TPAC)

Trans-Pacific Aerospace is in the business of designing, engineering and manufacturing self-lubricating spherical bearings for commercial aircraft, with planned product extensions using similar proprietary technology into maritime, power plant and space applications. To date, Trans-Pacific Aerospaces operations have focused on assisting its Chinese subsidiary, Godfrey (China) Limited, in the development of its production facility in Guangzhou, China and the design and engineering of Godfreys initial product line of spherical bearings. Godfrey has a special operating license granted by China's Ministry of Science and Technology. Godfrey has obtained SAE parts qualification of its facility in Guangzhou, China.

Information About Forward-Looking Statements

This press release contains forward-looking statements concerning Trans-Pacific Aerospace within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding Trans-Pacific Aerospaces expectations for the certification of Godfreys Guangzhou, China production facility; the commencement of manufacturing of Godfreys initial product line of spherical bearings; continued growth of the market for component parts of commercial aircraft; and the potential sale of Godfreys bearing products. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to Godfreys inability to obtain the capital or human resources necessary to commence manufacturing of its bearing products; the inability to successfully market Godfreys bearing products to the commercial aerospace industry; and the inability of Trans-Pacific Aerospace and Godfrey to acquire additional capital as and when needed, and those other risks set forth in Trans-Pacific Aerospace's annual report on Form 10-K for the year ended October 31, 2012 filed with the SEC on February 14, 2013 and subsequently filed quarterly reports on Form 10-Q. Trans-Pacific Aerospace cautions readers not to place undue reliance on any forward-looking statements. Trans-Pacific Aerospace does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

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Trans-Pacific Aerospace Company Receives SAE AS81820, SAE AS81934 Certification; Becomes Only Qualified Manufacturer ...

Aerospace grant partners share first-year results at NIU job fair
Partners in the Jobs Innovation Accelerator Challenge (JIAC) grant reported on results achieved during the first year of implementing the program. The Nort...

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Aerospace grant partners share first-year results at NIU job fair - Video

Andalusia, AL Vector Aerospace Helicopter Services-North America (Vector) http://www.vectoraerospace.com, a subsidiary of Vector Aerospace Corporation and one of the worlds leading providers of helicopter maintenance, repair and overhaul (MRO) services announces that Vector Aerospace and American Eurocopter have signed an agreement enabling Vectors Andalusia, Alabama repair operation to operate as an American Eurocopter Service Center in the United States.

Vector-Andalusia offers depth level repair services in support of US operators of the EC135 and EC145 (and the BK117). As both the EC135 and the EC145 are operated extensively throughout the United States, the agreement provides Vector an immediate opportunity to enhance the support it offers to US-based operators.

As explained by Rick Pataky, VP of Operations for Vector HSNA - Andalusia, the receipt of American Eurocopter service center status for the EC135 and EC145 aligns with Vector-Andalusias recent facility expansion, and is evidence of its success since opening in 2004. Vector will continue to invest to bring increased service to operators in the US.

Anthony Dinota, VP, Commercial Sales, Marketing and Customer Support for American Eurocopter explains that as the leading helicopter supplier in the US commercial market, American Eurocopter must ensure its customers receive the highest standards of MRO support, and we are confident that the Vector-Andalusia team will meet and exceed the expectations of both American Eurocopter and the expanding base of EC135 and EC145 operators in the US.

Vector has extensive success with supporting Eurocopter products in the commercial market; with more than two decades of experience in providing engine, dynamic component, airframe and avionics repair and overhaul services from its Andalusia, Alabama, and Langley, British Columbia operations.

Vectors comprehensive service portfolio includes:

- Engines: (Pratt & Whitney PT6T, Rolls Royce model 250, Arriel 1 and Arriel 2, General Electric T58 / CT58 and CT-7A / T700) * including complete test capability - Dynamic components - Airframes and major inspections (support for various Sikorsky, Eurocopter and Bell models) - Full-service avionics; including glass cockpit engineering, development and integration; complete aircraft rewires, Supplemental Type Certificate development, etc.

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Vector Aerospace -Andalusia Receives American Eurocopter Service Center Approval

The Falcon 9 SpaceX rocket lifts off from space launch complex 40 at the Cape Canaveral Air Force Station in Cape Canaveral, Fla., early Tuesday, May 22, 2012. (AP Photo/John Raoux)

Tallahassee, Fla. 3-6-13

Astronauts invaded Florida's capitol building today.

It's all part of the annual Space Day. Both NASA and private space officials and lobbyists stopped by to promoted and advocate for programs in the state.

Despite NASA retiring the space shuttle program, billions of dollars are still brought into the state through space and tech jobs. However, Florida has to battle other states with space programs like Texas, California and even New Mexico.

"There's a lot of competition with the state of Florida now," said Space Day chair Don White. "We want to make sure that [just because the] Shuttle has retired but the space industry is very important to us and in some ways it will be better that we're diversified."

Press Release: Lockheed Martin Corporation

KENNEDY SPACE CENTER, FL - Representatives from Florida's aerospace industry will visit Tallahassee on March 6, 2013, to participate in Florida Space Day 2013 and share with legislators opportunities the industry brings to Florida and the nation's space program.

Former NASA Astronaut Bob Crippen, pilot of the first orbital test flight of the Shuttle program and former NASA Kennedy Space Center (KSC) Director, will be making appearances throughout the event. Space-related exhibits will also be available on the third floor rotunda of the Capitol.

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Florida Space Day: Aerospace Representatives Visit Capitol

Marshall Aerospace and Defence Group today (5 March) announced the acquisition of 100% of the share capital of FlairJet Ltd, the London Oxford Airport-based aircraft management and charter company. Effective immediately, FlairJet will become part of the Groups newly formed Aviation Services business unit and will continue to be led by Managing Director and founder, David Fletcher, who now has the backing of one of Europes largest privately owned Aerospace and Defence Groups.

Newly acquired FlairJet, which recently marked its third anniversary, will run alongside Cambridge Airport based operator Marshall Executive Aviation (MEA). The acquisition further extends the service offering of the recently formed JETability brand, offering a one call business aviation solution. FlairJets Embraer Phenom aircraft also complement MEAs Cessna Citation XLS, Citation Bravo and Bombardier Challenger 300 charter fleet.

FlairJet brings a solid relationship with Embraer to the mix. As launch operator for the Phenom 100 and 300, the company pioneered Phenom operations in Europe and has managed the acceptance and delivery of a total of 22 Embraer business jets to date. Commenting on the acquisition David Fletcher says, We are excited to be joining one of the most respected and largest privately owned aviation groups in Europe. FlairJet has strong entrepreneurial spirit and customer service values and I believe this to be the perfect platform to support FlairJets ambitious plans for growth.

Steve Fitz-Gerald, Marshall Aerospace and Defence Group CEO commented: "I am delighted to welcome the FlairJet team into our Group. This is the ideal acquisition to complement our expanding business aviation activities and it will allow us to take full advantage of synergies that exist and skills that FlairJet bring.

FlairJet was founded in 2009 by CEO Captain David Fletcher with the backing of three prominent London QCs. It obtained its UK AOC in December of that year. From its base at London Oxford Airport, the company has established itself as a dynamic aircraft management company operating Embraer Phenom jets, with a strong track record in charter sales. It recently expanded its AOC to embrace the Middle East, Africa, the Caucuses and Russia. FlairJet has lent its technical expertise to Embraer Phenom 100 and 300 operators all around the world, offering numerous training solutions and to has managed the acquisition, acceptance and delivery of a total 22 Embraer aircraft.

Marshall Executive Aviation, part of Marshall Aerospace and Defence Groups, Aviation Services business unit, will celebrate its 10th birthday in April this year. The company specialises in business and private aviation services and offers a diverse range of charter and aircraft management solutions for a wide range of clients. MEAs fleet includes Citation XLS, Citation Bravo and Challenger 300 aircraft, which operate out of three main bases, London Stansted, London Luton and Cambridge Airports. MEA obtained an AOC extension last year, enabling its Challenger to operate to North and South America, Africa, the Middle East and Russia.

http://www.marshalladg.com

http://www.flair-jet.com

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Marshall Aerospace and Defence Group Acquires Oxford Based FlairJet

CHARLOTTE, N.C., March 6, 2013 /PRNewswire/ --UTC Aerospace Systems has been chosen by Pratt & Whitney as the exclusive nacelle provider for both engine models for Embraer's new Second Generation E-Jet aircraft. The nacelle systems will be provided by the Aerostructures business unit headquartered in Chula Vista, Calif. The Embraer Second Generation E-Jets will be equipped with Pratt & Whitney's PurePower Geared Turbofan PW1700G and PW1900G engines.

Designed and manufactured to leverage the latest in composite technology, the nacelle systems will directly contribute to the significant reductions in fuel burn, emissions, noise and operating costs that Pratt & Whitney's PurePower engines will provide compared to today's aircraft. The PurePower engine uses an advanced gear system and an all-new advanced core that delivers double-digit improvements in fuel efficiency and environmental emissions, as well as a 50 percent reduction in noise.

"The nacelles for the Embraer Second Generation E-Jets feature a 360-degree acoustically smooth inlet that we developed, which is a major contributor to reductions in engine noise. It has become the global standard for inlet cowls," said Aerostructures business unit President Marc Duvall. "These nacelle systems strike the perfect balance of weight, performance and cost, enabling a complete and fully integrated propulsion package that will deliver optimal value to Embraer."

The Aerostructures business currently supplies the APU tailcone for the EMBRAER 170 and the EMBRAER 175 the APU tailcone and GE CF34-10 nacelle system for the EMBRAER 190 and the EMBRAER 195. Based on forecasts for aircraft orders, UTC Aerospace Systems estimates that this latest selection by Pratt & Whitney will generate approximately $12 billion in sales over the life of the aircraft program. The new Second Generation E-Jets are expected to enter into service in 2018. The Aerostructures business is also providing the nacelle system for additional applications of PurePower engines, including the PW1100G-JM, PW1200G and PW1500G engines.

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.

This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the programs described in this release. Risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the effect of economic conditions in the markets in which we operate, including financial market conditions, and fluctuation in interest rates, commodity prices and foreign currency exchange rates; levels of end market demand in the aerospace industry, including levels of demand for the new aircraft described in this release; levels of air travel; financial difficulties of commercial airlines; the financial condition of suppliers; and challenges in the design, development, production and support of advanced technologies and new products and services. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.

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UTC Aerospace Systems to provide the nacelle systems for the Second Generation Embraer E-Jets

LAS VEGAS, March 6, 2013 /PRNewswire/ --HELI-EXPO Sikorsky Aerospace Services (SAS) announced today the signing of a 10-year Total Assurance Program (TAP) agreement with Bristow Group Inc. for continued support of its S-92 helicopter fleet. Bristow is among the leading providers of helicopter services to the worldwide offshore energy industry. Valued at more than $840 million, the agreement is a renewal of a current standing contract that is expiring after a seven-year term. The agreement was reached late in the 4th Quarter 2012 but not publicly announced until today. Sikorsky Aerospace Services is the worldwide aftermarket business of Sikorsky Aircraft, a wholly owned subsidiary of United Technologies Corp. (UTX).

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

"We're very pleased to continue strengthening our longstanding relationship with Bristow. In today's challenging aviation service industry, this customized support program simplifies management of material logistics, and avoids the uncertainty associated with unpredicted and unbudgeted material costs," said David Adler, president of Sikorsky Aerospace Services. "SAS helps each customer make the best decision for optimal support and service solutions. Through these types of tailored support programs, operators like Bristow are better able to control their costs and eliminate spikes in their operational expenses."

Available to worldwide commercial and military operators of S-76, S-92 and S-70 helicopters, the TAP program is uniquely configured to meet each customer's requirements. TAP covers up to 98 percent of the cost of parts replacement including airframe, drive train, gearboxes, avionics and consumable parts. Contributing to improved aircraft performance as well as enhanced resale value, the TAP program provides customers with Original Equipment Manufacturer approved parts produced to the latest drawings backed by Sikorsky's stringent quality system and worldwide distribution network.

"The strength and trust in our relationship with Sikorsky has allowed this long-term TAP support contract to be executed. This support contract provides us with a competitive cost certainty for the next 10 years with a partner that has proven to be reliable, responsive and flexible in supporting our global operations," stated Mark Duncan, Senior Vice President, Commercial, for the Bristow Group.

Bristow Group Inc. is the leading provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations. Bristow has major transportation operations in the North Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Canada, Russia and Trinidad. For more information, visit Bristow's website at http://www.bristowgroup.com.

SAS provides comprehensive support to rotary and fixed wing aircraft throughout the world. It offers its military and commercial operators a full portfolio of support services, including material distribution, maintenance, overhaul & repair, aircraft modifications and life-cycle support. Sikorsky, based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. 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.

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Sikorsky Aerospace Services Announces Renewal of Total Assurance Program (TAP) for Bristow's S-92™ Offshore Oil Fleet

ARLINGTON, Va., March 6, 2013 /PRNewswire/ -- Ball Aerospace & Technologies Corp. has announced new leadership appointments within its Washington Operations office.

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Vonna Weir Heaton has been selected for the newly created position of vice president and lead executive of Information and Intelligence Solutions. Additionally, John D. Campbell has been promoted to vice president for legislative affairs, after serving as director for the past six years. Campbell and Heaton will report to Vice President and General Manager of Strategic Operations, Debra Facktor Lepore. The Strategic Operations organization works to position the company with its markets, customers and competition to influence and drive the growth of Ball Aerospace.

"Vonna and John bring strong leadership and customer focus to Ball Aerospace," said Robert D. Strain, Ball Aerospace president. "They are well known in the community and will help drive our growth and increase Ball Aerospace's profile in the market."

Heaton most recently served as special assistant to the deputy director of the National Geospatial-Intelligence Agency. In her role at Ball Aerospace, she will provide primary support to the Systems Engineering Solutions strategic business unit on strategy and customer engagement for information services-related programs and opportunities. Heaton earned her bachelor of arts degree in mathematics from Washington University and a master of science degree in national resource strategy from the Industrial College of the Armed Forces at the National Defense University.

Campbell joined Ball Aerospace in 1998 and represents the interests of Ball Aerospace before Congress ensuring lawmakers are aware of the programs and policy issues important to the company. He also supports Ball Corporation's congressional activities. Campbell earned a bachelor of arts degree in political science from State University of New York at Brockport and holds a master's degree in public policy from George Mason University.

In a third appointment, Ball Aerospace named Makenzie Lystrup business development manager for space sciences and technologies, reporting to Carol Lane, vice president and lead executive for civil and commercial space. Lystrup most recently served as a congressional science policy fellow for the American Association for the Advancement of Sciencein the U.S. House of Representatives.

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Ball Aerospace Appoints Heaton, Campbell and Lystrup to New Washington, D.C. Leadership Roles

DART Aerospace today announced that in collaboration with Pall Corporation (NYSE:PLL) it will shortly initiate flight testing of a next-gen advanced engine air filtration system for AS350 and EC130 helicopter models equipped with Arriel engines. The new AS350/EC130 Advanced Engine Air Filtration System will provide the highest level of helicopter air inlet protection to enhance engine safety, reliability, availability, and performance by reducing erosion. Featuring Palls Centrisep technology, the Fit and Forget system will be self-cleaning and virtually maintenance free, unlike other engine air inlet filtration systems. At Heli-Expo 2013, the world's largest trade show dedicated to the international helicopter community, the first system for AS350/EC130 aircraftwill be showcased.

Were excited and looking forward to the first flight trial on the AS350/EC130 helicopter project and to expanding our collaboration with DART to improve engine protection and safety for many other aircraft models, said Gabriel Popa, vice president, Pall Aerospace Europe. Recent advances in design technology have enabled us to develop more efficient Centrisep EAPSs with reduced power loss and greater protection for the engines.

Having been a helicopter mechanic for over 30 years, I am confident that the new, completely redesigned system with Centrisep technology will deliver unmatched performance. Pall and DART have collaborated to develop a system that will completely redefine engine filtration, said Mike OReilly, president of DART Aerospace.

DART has developed a composite fairing for the new system and has shared expertise in system integration, certification, sales, marketing and customer support. As confirmation of the systems airworthiness, DART aims to obtain a supplemental type certificate (STC) from the FAA by the end of 2013 and subsequent certifications from other regional authorities

.

Palls latest Centrisep design improvements dramatically increase dust separation efficiency by significantly reducing the accumulation of fine particles inside the unit, reducing the potential for unscheduled removals. In addition to protecting the engine against rain, snow, salt spray and hot gas ingestion, this latest design utilizing Centrisep EAPS technology will incorporate a secondary filter screen that prevents damage from foreign objects (FOD) even when the engine cover is open. The Centrisep unit is certified for inadvertent entry into icing conditions without the complication of heavy bypass doors. Missions can be launched and completed without filter bypass procedures or aborting the operation.

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DART Aerospace and Pall Corp. to Flight Trial Advanced Engine Air Filtration System for AS350/EC130 Helicopters

FORT WORTH, Texas, March 5, 2013 /PRNewswire/ --

M7 Aerospace LLC, a wholly-owned subsidiary of Elbit Systems of America LLC, will be working with BAE Systems to provide Contract Logistics Support (CLS) for the T-34, T-44 and T-6 aircraft under a contract awarded to BAE Systems by the Naval Air Systems Command (NAVAIR). Under its NAVAIR contract, BAE Systems awarded M7 a subcontract of approximately $50 million to be performed over a five-year period.

"We are pleased to team with BAE Systems for this opportunity and to serve the United States Chief of Naval Air Training," commented Raanan Horowitz, President and CEO of Elbit Systems of America. "At Elbit Systems of America, our mission is to develop innovative solutions that protect and save our warfighters' lives. With this opportunity we are providing mission capable, safe-for-flight aircraft for our nation's warriors as they train for the future."

M7 Aerospace will provide CLS on the T-34 aircraft assigned to Satellite sites, T-34/44/6 Organizational and Intermediate level maintenance, Supply Chain Management and Engineering Services. The work will support training at Naval Air Station Corpus Christi in Texas, Naval Air Station Pensacola and Naval Air Station Whiting Field in Florida.

About Elbit Systems of America, LLC

Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout theUnited States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics company engaged in a wide range of programs for innovative defenseand commercialapplications. For additional information, visit: http://www.elbitsystems-us.com.

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services. For additional information, visit: http://www.elbitsystems.com.

Trademarks

Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright 2013 Elbit Systems of America. All rights reserved.

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Elbit Systems of America Subsidiary, M7 Aerospace, Awarded $50 Million Contract by BAE Systems to Provide Logistics ...

PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--

Pall Corporation (NYSE:PLL) today announced that DART Aerospace will shortly initiate flight testing on a next-generation Fit and Forget advanced engine air filtration system that has been collaboratively developed for AS350 and EC130 helicopter models with Arriel engines. The new AS350/EC130 Advanced Engine Air Filtration System will provide the highest level of helicopter engine protection to enhance safety, reliability, availability, and performance by reducing erosion and other contamination-related damage. Featuring Palls Centrisep technology, the Fit and Forget system will be self-cleaning and virtually maintenance free, unlike other filtration systems qualified for this aircraft. At Heli-Expo 2013, the world's largest exhibition dedicated to the international helicopter community, the first system for AS350/EC130 aircraftwill be showcased.

Were excited and looking forward to the first flight trial on the AS350/EC130 helicopter project and expanding our collaboration with DART to improve engine protection and safety for many other aircraft models, said Gabriel Popa, vice president, Pall Aerospace Europe. Recent advances in design technology have enabled us to develop a more efficient Centrisep EAPS with reduced power loss and greater protection for engines.

Mike OReilly, president of DART Aerospace, said, Having been a helicopter mechanic for over 30 years, I am confident that the new system with redesigned Centrisep technology will deliver unmatched performance. Pall and DART have collaborated to develop a system that will completely redefine engine filtration.

DART has developed a composite fairing for the new system and has shared its expertise in system integration, certification, sales, marketing, and customer support with Pall. As confirmation of the systems airworthiness, DART aims to obtain a supplemental type certificate (STC) from the FAA by the end of 2013 and subsequent certifications from other regional authorities.

Palls latest Centrisep design improvements dramatically increase dust separation efficiency and significantly reduce the accumulation of fine particles inside the unit, thus reducing the potential for unscheduled removals. It protects the engine against rain, snow, salt spray and hot gas ingestion. In addition, this latest design will incorporate a secondary screen filter that prevents damage from foreign objects (FOD) even when the engine cover is open. The Centrisep unit is certified for inadvertent entry into icing conditions without the complication of heavy bypass doors. Missions can be launched and completed without filter bypass procedures or aborting the operation.

To learn more about the AS350/EC130 Advanced Engine Air Filtration System, please visit the Pall booth (#C4311) or the DART booth (#5411) at Heli-Expo in Las Vegas, Nevada from March 5 - 7; visit http://www.pall.com/Centrisep; or email Centrisep@pall.com.

DART Aerospace is Mission Ready. A privately held aerospace company, DART provides industry-leading design, manufacturing and market-certified solutions for the helicopter and aerospace industry. With an impressive line-up of over 700 STCs and 5,000 products, DART offers a comprehensive portfolio of: aftermarket products, accessories, spare parts and tools for civil and military operators, all major rotorcraft OEMs, completion centers and MR&O facilities. DARTs key products include: flotation systems, landing gears, interior and exterior accessories, cargo expansion, external loads, cable cutters and filters. All this, in addition to extensive engineering capabilities and manufacturing centers delivering fast time-to-market solutions with superior customer support in over 120 countries worldwide.

Pall Corporation (NYSE:PLL) is a filtration, separation and purification leader providing solutions to meet the critical fluid management needs of customers across the broad spectrum of life sciences and industry. Pall works with customers to advance health, safety and environmentally responsible technologies. The companys engineered products enable process and product innovation and minimize emissions and waste. Pall Corporation is an S&P 500 company serving customers worldwide. Pall has been named a top green company by Newsweek magazine. To see how Pall is helping enable a greener, safer, more sustainable future, follow us on Twitter @PallCorporation or visit http://www.pall.com/green.

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Pall Corp. and DART Aerospace to Flight Trial Advanced Engine Air Filtration System for AS350/EC130 Helicopters