Ball Corporation said Monday that David L. Taylor, president and chief executive officer of Ball Aerospace Technologies Corp. for more than a decade, is retiring at the end of March.

Succeeding Taylor will be Robert D. Strain, who is currently chief operating officer of Ball Aerospace.

Taylor has spent 29 years at the company.

"Dave Taylor led a transformation of our aerospace business into an agile, high-performing aerospace and defense enterprise, guiding its entry into new customer agencies and growing our aerospace sales and profits significantly since 2002," said John A. Hayes, president and chief executive officer of Ball Corp.

Strain, 56, joined Ball Aerospace in March 2012 .

He has served as director of NASA's Goddard Spaceflight Center and has held leadership roles at The Johns Hopkins University Applied Physics Laboratory, Orbital Sciences Corp. and Fairchild Space and Defense.

Hayes said Strain's extensive experience in the private, public and academic sectors, and "his strong record of managing programs and cultivating relationships, will be key to continuing our tremendous growth trajectory and helping us achieve our Drive for 10 vision ."

Howard Pankratz: 303-954-1939, hpankratz@denverpost.com or twitter.com/howardpankratz

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Taylor to retire from Ball Aerospace, Strain to succeed him as CEO

Singapore, 5 February 2013 ST Aerospace today announced that further to the announcement made on 19 May 2012, it has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of customary conditions precedent. Following this completion, ST Aerospace will commence the A330P2F engineering development phase in February.

A Dresden-based company with a current staff of over 1,100 specialists and revenues of over 200m, EADS EFW combines various aviation and technology activities under one roof. Its capabilities include passenger-to-freighter conversions, aircraft maintenance and repair, as well as engineering services. It also manufactures and supplies composite flat sandwich panels to Airbus. EADS EFW will serve as ST Aerospaces European maintenance, repair and overhaul centre, leveraging the aerospace sectors global network, track record and expertise in aircraft MRO and engineering. At the same time, EADS EFW will benefit from EADS extensive experience in aircraft technologies and engineering development.

The investment will not have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the worlds largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 8,000 engineers and technical specialists. Please visit http://www.staero.aero.

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ST Aerospace Completes Investment in EADS EFW

NEW YORK--(BUSINESS WIRE)--

American International Group, Inc. (AIG) today announced that Joseph J. Trotti has joined the company as President and CEO of its Aerospace division, part of AIGs Global Specialty business.

Mr. Trotti is responsible for all aspects of AIGs market-leading Aerospace business and will be instrumental in driving the divisions growth in the Asia Pacific region, Canada, Continental Europe, and Latin America. Mr. Trotti was Executive Vice President of AIGs Aerospace business, before leaving the company in 2002.

We are extremely pleased that Joe is returning to AIG to lead this business, said Jim Shea, President, Global Specialty, AIG. Joe is a respected authority in Aerospace insurance with deep experience on both the brokerage and underwriting sides. His ability to build global businesses and develop innovative client solutions will ensure strong leadership as we continue to expand this important business.

Mr. Trotti has more than 27 years of experience in the industry. Most recently, he served as CEO of Global Specialties at Willis, the global insurance broker, where he was based in London and responsible for the Aerospace, Marine, Energy, Finex, Construction, and Financial Solutions businesses. Mr. Trotti will remain in London for AIG.

Earlier for Willis in New York, Mr. Trotti was National Partner of North American-based Global Specialties, and CEO of the North American Aerospace business. He also served as Senior Vice President in the Aerospace operations of the ACE Group.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at http://www.aig.com | YouTube: http://www.youtube.com/aig |Twitter: @AIG_LatestNews| LinkedIn: http://www.linkedin.com/company/aig |

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at http://www.aig.com. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. (AIG). Not all products and services are available in every jurisdiction, and insurance coverage is governed by actual policy language. Certain products and services may be provided by independent third parties under contract with AIG or its subsidiaries or affiliates. Insurance products may be distributed through affiliated or unaffiliated entities. In Europe, the principal insurance provider is AIG Europe Limited.

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AIG Names Joseph J. Trotti President and CEO of its Aerospace Division

BROOMFIELD, Colo., Feb. 4, 2013 /PRNewswire/ -- Ball Corporation (BLL) today announced that David L. Taylor, president and CEO of Ball Aerospace & Technologies Corp. for more than a decade, will retire at the end of March after a 29-year career with the company. Succeeding Taylor will be Robert D. Strain, who currently is chief operating officer of Ball Aerospace.

(Photo: http://photos.prnewswire.com/prnh/20130204/LA53526)

"Dave Taylor led a transformation of our aerospace business into an agile, high-performing aerospace and defense enterprise, guiding its entry into new customer agencies and growing our aerospace segment sales and profits significantly since 2002," said John A. Hayes, president and chief executive officer of Ball Corporation. "This business has played an important role in Ball Corporation's success over the past decade, and we thank Dave for his vision and leadership and wish him well in retirement."

Strain, 56, joined Ball Aerospace in March 2012. He has served as director of NASA's Goddard Spaceflight Center and has held leadership roles at The Johns Hopkins University Applied Physics Laboratory, Orbital Sciences Corporation and Fairchild Space and Defense. Strain will focus on continuing the growth of Ball Aerospace and solidifying the market gains achieved during Taylor's tenure.

"Rob Strain's extensive experience in the private, public and academic sectors, and his strong record of managing programs and cultivating relationships, will be key to continuing our tremendous growth trajectory and helping us achieve our Drive for 10 vision," Hayes said.

Ball Corporation is a supplier of high-quality packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ approximately 15,000 people worldwide and reported 2012 sales of more than $8.7 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.

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Taylor to Retire from Ball's Aerospace Business After 29-Year Career; Strain Promoted to Lead Ball's Aerospace Business

The aerospace industry must grow from system manufacturing to design and marketing and growth in the sector cannot be constricted to collaboration in manufacturing, a top Defence scientist said in Bangalore on Tuesday.

Growth in aerospace cannot be limited to collaboration in manufacturing and has to be in all aspects - design, product and development, V K Saraswat, Scientific Advisor to the Defence Minister, said.

Reflecting on the aerospace scenario in India, Mr. Saraswat, who is also the Director General of Defence Research and Development Organisation, said there are aerospace programmes worth Rs 80,000 to Rs 90,000 crore in the country in which we have collaborations with well-known names in the industry.

We have to translate this support into capability for designing. For example, the capability to build our own transport aircraft, capability from concept to product is what is needed, he said at the second edition of the Aerospace Defence Awards 2013.

Mr. Saraswat appealed to the industries to promote design, manufacture and infrastructure for development of aerospace.

For this collaborations are needed including partnership with government agencies like DRDO, he said.

He said increased focus on defence programmes had resulted in uneven growth in the civilian sector.

We must ensure that Regional Transport Aircraft becomes a part of industry initiative instead of a government initiative. We must look at ourselves as a and development house rather than a manufacturing house, Mr. Saraswat said.

He later presented awards instituted by SAP Media Worldwide Limited in 13 categories, including those for individual achievements.

Awards for Excellence in Innovation and for outstanding contribution in the defence industry were given to the shipping firm, Mazagon Dock Limited (MDL).

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Aerospace industry must grow from manufacturing to design: Saraswat

STAMFORD, Conn., Feb. 4, 2013 /PRNewswire/ --PASSUR Aerospace, Inc. (PSSR), an aviation business intelligence software and solutions company, announced the hiring of Keith D. Wichman as Vice President and General Manager, Global Airline Solutions.

Keith brings deep business, technical, and operational experience to PASSUR. Previously he was Director of Air Traffic Management and Airline Efficiency Services at General Electric Aviation and Chief Engineer of GE's Flight Management Systems product line. He served at GE Aviation for 14 years as a technical expert and business leader for avionics, airline operations, and Air Traffic Management. Prior to joining GE, Mr. Wichman served 13 years asa lead Flight Controls and Handling Qualities researcher at NASA-Dryden Flight Research Center in California, and 3 years at Charles Stark Draper Laboratory in Massachusetts. He holds Bachelor's and Master's degrees in Aerospace Engineering from the University of Cincinnati and the University of Michigan respectively. Mr. Wichman isan instrument Rated Commercial Pilot and has held a Flight Instructor Certificate for 10 years.

"Keith is a top notch businessperson he thoroughly understands the requirements and opportunities of our industry, he knows our company, and he understands the importance of driving customer satisfaction through improving customer operational and financial performance," said Jim Barry, PASSUR Aerospace's President and CEO. "Keith will be leading our sales, marketing, and product innovations to the worldwide airline market and he's joining an excellent team."

About PASSUR Aerospace PASSUR Aerospace, Inc. is a business intelligence 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 of 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 155 passive radars, company owned. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Other PASSURs are located in Europe and Asia. 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 news, products, and solutions.

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.

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PASSUR Aerospace Announces New Executive Hire: Keith D. Wichman Vice President and General Manager, Global Airline ...

Bangalore, Feb 1 (IANS) Aerospace firm Cassidian of the European Aeronautic Defence and Space Company N.V. (EADS) Friday appointed its Indian arm chief executive Peter Gutsmiedl as the first head of its Asia-Pacific operations, keeping in view the growth potential in the region.

"As India plays a strategic role for us and continues to be our main focus in Asia, we plan to increase our industrial footprint in the sub-continent and tap the growth potential in the region," Cassidian global chief executive Bernhard Gerwert said in a statement here.

The new appointment also reflects a realignment of the company's business in the region as a sequel to its newly integrated sales and international operations division to tap growth opportunities worldwide spanning Asia-Pacific, Americas and Europe and Middle East & Africa, he said.

"Gutsmiedl (55) has been instrumental in positioning Cassidian for a long-term partnership with India. He is the right choice for strengthening our reach in other Asian markets, while building on our established Indian base," Gerwert said.

Besides combat aircraft opportunities, the $5.8-billion Cassidian sees potential in the areas of professional mobile radio, avionics for fighter aircraft and helicopters, radar/electronic warfare systems and border control systems and infrastructure in the region.

"Our Indian operations will be a springboard for sustained growth in the region. Capabilities at our engineering centre in Bangalore enable us to customise products, giving a competitive edge to leverage and target other markets in the region," Gutsmiedl said.

As regional hub, the Bangalore facility will be a part of the company's global value chain with its 60 Indian engineers engaged in a range of projects.

"We are also in consultation with the (state-run) Defence Research & Development Organisation (DRDO) for any role in its Light Combat Aircraft (LCA) Tejas project and the indigenous Airborne Early Warning & Control Radar (AEW&C) system," Gutsmiedl added.

The company's Indian subsidiary was recently awarded the globally recognised aerospace industry quality certification EN/AS 9100.

A two decades Cassidian veteran, Gutsmiedl played a key role in the success of its programmes related to Eurofighter Typhoon, Tornado, Euro Hawk and UAVs (unmanned aerial vehicles).

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Gutsmiedl to head European aerospace firm in Asia-Pacific

During the Cold War, 15 of the 25 biggest aircraft companies in the U.S. were based in Southern California. Today, they have mostly closed their doors, merged with rivals or moved their headquarters away.

In 1990, in Orange County alone, more than 42,000 people manufactured planes, rockets, satellites or parts of them. Now, the official number is about 15,000, although that doesn't include many related jobs.

"In Orange County, as in the rest of the aerospace and defense industry, we are in a down cycle," said Daryl Pelc, vice president of engineering and technology for Boeing's Phantom Works, which develops advanced military technology. "But we are very excited about the pending upcycle."

If the giant factories that once pumped out warplanes have mostly disappeared, however, a vibrant aerospace economy is nonetheless powering new businesses in the region. In defense, companies see opportunities in cybersecurity, drone manufacturing and exports to foreign militaries. A boom in commercial aircraft orders is creating work for hundreds of local suppliers.

Despite recent layoffs, looming defense cuts and technical problems with its new commercial Dreamliner 787, Boeing is celebrating a record year. The company delivered 601 commercial airplanes last year, the most since 1999, and surpassed Airbus as the world's No. 1 passenger jet maker. Boeing orders stood at 4,373, the most in company history.

Many local suppliers are talking upcycle, too. Coast Composites, a high-tech toolmaker in Santa Ana, has boosted its workforce from 170 to more than 300 in less than three years as it ramps up its carbon-fiber mold business.

Thales USA employs 1,000 engineers and technicians in Irvine, and is growing at 15 percent a year, due to demand for its in-flight entertainment and Internet equipment.

Even at Lam Precision, a nine-person machine shop in Garden Grove that makes small, complex parts for Lockheed Martin's F-35 Joint Strike Fighter, owner Paul Lam is upbeat.

Bracing for changes

The Pentagon has slowed spending on the multibillion-dollar jet, but if military business dries up, Lam Precision can make parts for commercial craft, oil drilling and medical devices. "We do very, very high-quality work," said Lam, a former refugee who escaped from Vietnam by boat. "Our parts can mean life or death. People give us work so they can sleep well at night."

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Aerospace adapts to survive in Southern Calif. county

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/pr59w7/global_aerospace) has announced the addition of the "Global Aerospace Composites Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the increased adoption of composites in aircraft design. The Global Aerospace Composites market has also been witnessing strong demand in general aviation. However, complex regulatory requirements pose the biggest challenge in the market.

The key vendors dominating this market space are Cytec Industries Inc., GKN Aerospace Service Ltd., Gurit Holding AG, and Hexcel Corp.

The other vendors mentioned in the report are AGY Holding Corp., BASF Corp., Huntsman International LLC, Lola Group, PGG Industries, SGL Group, Umeco Plc, Mitsubishi Rayon Co. Ltd., and Toray Industries Inc.

Commenting on the report, an analyst from TechNavio's Automotive team said: ''The Global General Aviation market is expected to exhibit steady growth in the coming years. The vendors in the Global Aerospace Composites market will benefit from the increasing use of composites in new-generation aircraft. Also, the expanding use of composites in helicopters and other rotary-wing aircraft will increases vendors' average sales per aircraft over time. Composite applications have expanded rapidly in general aviation design, i.e., from small secondary structures to more demanding flight-control surfaces, empennage assemblies, fuselage, and wings. It is estimated that over the next several years, the General Aviation markets in Europe and North America will slowly improve. However, most of the forecast growth will come from the emerging markets in China, Brazil, and India.''

According to the report, the use of composites in the Aerospace industry has been increasing because of the various benefits it offers to aircraft manufacturers, and this is driving the Global Aerospace Composites market. The primary benefits that composites offer are reduced weight and assembly simplification as compared to the traditional materials for aircraft construction such as steel, aluminum, and titanium. Further, the performance advantages gained by reducing the weight of aircraft structural elements has given a major thrust to the development of military aviation composites. This is because composites are about one-fifth the weight of steel and are better in terms of stiffness and strength.

For more information visit http://www.researchandmarkets.com/research/pr59w7/global_aerospace

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Research and Markets: The Global Aerospace Composites Market to Reach US$3.95 Billion by 2016 Says Latest Study

During the Cold War, 15 of the 25 biggest aircraft companies in the U.S. were based in Southern California. Today, they have mostly closed their doors, merged with rivals or moved their headquarters away.

In 1990, in Orange County alone, more than 42,000 people manufactured planes, rockets, satellites or parts of them. Now, the official number is about 15,000, although that doesn't include many related jobs.

Alfredo Galvez, hand finisher, sands and smoothes a metal part at Coast Composites. The Santa Ana company is a leader in making molds for airplane parts, both military and civilian. The company has hired 80 new workers in the last two years.

CINDY YAMANAKA, ORANGE COUNTY REGISTER

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"In Orange County, as in the rest of the aerospace and defense industry, we are in a down cycle," said Daryl Pelc, vice president of engineering and technology for Boeing's Phantom Works, which develops advanced military technology. "But we are very excited about the pending upcycle."

Click here to watch a video of one of the companies in Orange County.

If the giant factories that once pumped out warplanes have mostly disappeared, however, a vibrant aerospace economy is nonetheless powering new businesses in the region. In defense, companies see opportunities in cybersecurity, drone manufacturing and exports to foreign militaries. A boom in commercial aircraft orders is creating work for hundreds of local suppliers.

Despite recent layoffs, looming defense cuts and technical problems with its new commercial Dreamliner 787, Boeing is celebrating a record year. The company delivered 601 commercial airplanes last year, the most since 1999, and surpassed Airbus as the world's No. 1 passenger jet maker. Boeing orders stood at 4,373, the most in company history.

Many local suppliers are talking upcycle, too. Coast Composites, a high-tech toolmaker in Santa Ana, has boosted its workforce from 170 to more than 300 in less than three years as it ramps up its carbon-fiber mold business.

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Aerospace adapts to survive in O.C.

MOUNTAIN VIEW, Calif., Jan. 31, 2013 /PRNewswire/ -- Ongoing economic slowdown and volatility in fuel costs have negatively impacted the demand for air travel, a key driver for the aerospace industry. At the same time, budget cuts have translated into limited spending on defense equipment. In this scenario, it is critical that companies achieve excellence in financial and risk management to outperform the competitors and offer value to shareholders.

New analysis from Frost & Sullivan (http://www.financialservices.frost.com), Financial Assessment of the Global Aerospace & Defense, Airlines and Airport Services Industries, finds that investors are increasingly cautious and risk averse about their portfolio investments. This is negatively affecting the capital intensive aerospace and defense industry. Investors are unwilling to commit huge amounts of money to an industry that has a longer gestation period than most others.

If you are interested in more information on this study, please send an e-mail to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

"With governments cutting down on defense budgets, the aerospace and defense industry is taking a hit as demand is slowing down," noted Frost & Sullivan Financial Analyst Bharath M. "For instance, in 2011, the sales of Britain's largest defense equipment manufacturing employer, BAE Systems, dipped by 14 percent due to continuous cuts in military spending in the United States."

Budget cuts also increase competition among the existing participants and heat up the battle for the available amount, thereby increasing the need to maintain excellent financial and risk management practises.

Though interest rates are currently low, economic conditions in the Eurozone and other developed countries makes it difficult for participants to raise capital, especially in an industry that is characterized by high capital requirements and lengthy pay back periods. Some of the banks that have financed the aerospace and defense industry earlier are more reluctant to do so now.

"Borrowing from different sources instead of depending on a single source is slowly gaining momentum," remarked Bharath. "This strategy increases the interest rate risk and the responsibility is on CFOs to adopt appropriate risk management and mitigation practices, such as interest rate swaps and forward rate agreements."

Also, other risks involved with regular operations such as credit risk, liquidity risk, foreign exchange risk and interest rate risk need to be addressed using suitable risk management practices, such as bank guarantees and interest rate swaps.

"Maintenance of fixed assets, including land, buildings, civil works and other infrastructure facilities also play a key role in ensuring smooth operations, which in turn directly impacts profitability," concluded Bharath. "Effective cash flow management and a strong focus on free cash flow generation are critical to achieving excellence in financial and risk management."

Financial Assessment of the Global Aerospace & Defense, Airlines and Airport Services Industries is part of the Business and Financial Services subscription. Frost & Sullivan's related research services include: Financial Assessment of Global Packaged Food Industry, Financial Assessment of Global Communications Industry, Financial Assessment of Global Banking Industry, Financial Assessment of Global Insurance Industry. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Healthy Financials and Appropriate Risk Management Practices are Essential for Companies in Aerospace and Defense ...

Andover, Kan. - Dewy Chip Mullins has been appointed OEM Qualifications Manager and joins the leadership team at Sherwin-Williams Aerospace Coatings. In his new capacity, Mullins will be responsible for leading the profitable growth of Sherwin-Williams Aerospace paint solutions through specification approval and development of growth strategies at specific Aerospace OEM and Commercial target accounts. The announcement was made by Karen OHara, Global Sales Director - Sherwin-Williams Aerospace Coatings.

Bringing more than 30 years experience in the aerospace industry, Mullins was formerly President of ChemAero Solutions where he was responsible for OEM product qualification, product sales, and revenue growth for its North American commercial airline MRO market segment. Previously he held management, sales and marketing positions with 3M Aerospace Sealants and PPG Aerospace. This background has provided him with extensive knowledge in overseeing commercial, military, and general aviation strategic accounts on both a North American and global basis.

Recipient of a Bachelor of Science degree, Mullins graduated from the University of Akron. His aviation affiliations include appointments with SAE Aerospace, G-8 and G-9 committees.

We are extremely pleased to have Chip join such a dynamic and innovative, customer-focused organization as Sherwin-Williams Aerospace Coatings, said OHara. His experiencewith new product development, delivering strategic and tactical action plans, and building upon our established OEM and commercial aviation relationships will be key to our continued growth in this important business segment. Sherwin-Williams Aerospace continues to listen to its customers as we develop the next generation of coatings systems and take aircraft paint technology to a new level.

For more information on Sherwin-Williams Aerospace high-performance general aviation, military and commercial aircraft coatings, please call 1-888-888-5593 or visit http://www.swaerospace.com.

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Sherwin-Williams Aerospace Coatings Adds Mullins to Leadership Team

I Work at UA: Assistant Professor of Aerospace Engineering Amy Lang
While most of us are hoping to just make it through four years of college, not everyone decides to leave. Some choose to stay and teach. Meet Dr. Amy Lang. She works at UA. Original Release Date: August 31, 2009

By: UniversityofAlabama

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I Work at UA: Assistant Professor of Aerospace Engineering Amy Lang - Video

AEROSPACE TUBING POLISHING MACHINE
AEROSPACE TUBING POLISHING MACHINE Orbital abrasive belt grinding machine for tube polishing, buffing, linishing and satin finishing on bent and straight pipes or taper poles made of stainless steel, iron, brass, aluminium, titanium, carbon fibre or plastic as well as round, oval, elliptical or irregular section tubes .

By: GARBOLI eng

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AEROSPACE TUBING POLISHING MACHINE - Video

STAMFORD, Conn., Jan. 30, 2013 /PRNewswire/ --PASSUR Aerospace, Inc (PSSR), a business intelligence software and solutions company, announced that net income increased 9% to $2,861,000 or $.36 per diluted share for the fiscal year ended October 31, 2012, compared to $2,634,000 or $.39 per diluted share in the fiscal year ended October 31, 2011. Included in net income for fiscal years 2012 and 2011 was an income tax benefit of $1,776,000, and $1,572,000, respectively.

Total Company revenue decreased 8% to $12,507,000 for the fiscal year ended October 31, 2012, compared to $13,609,000 in the fiscal year ended October 31, 2011, despite all-time record revenue of slightly over $10 million from the Company's North American airline, airport, and business aviation sector. Fiscal year 2012 revenue from this sector was about 7% above fiscal year 2011's level of approximately $9,500,000. For the first time, PASSUR customers include all eight of the top eight North American airlines.

Revenue from PASSUR's international, professional services, and government sector dropped approximately 43%, to about $2.4 million, compared to approximately $4.3 million in fiscal year 2011, as a result of the completion of a government contract and of a professional service engagement.

Operating profit for fiscal year 2012 decreased approximately 30% to $1,378,000, compared to $1,974,000 in fiscal year 2011. Income before taxes increased $23,000, or 2%, to $1,085,000 in fiscal year 2012, compared to $1,062,000 in the prior year.

PASSUR's major achievements and developments during fiscal year 2012 are summarized below. The Company:

"We continue to experience growth in our core commercial markets," said Jim Barry, PASSUR Aerospace's President & CEO. "We are proud that revenue from our North American airline, airport, and business aviation sector reached a record level last year. We are also particularly pleased to announce that, for the first time, all eight of North America's top airlines are contracting with PASSUR. This is a major achievement for the company and testimony to the value of our new PASSUR Integrated Traffic Management platform and, we believe, its positive impact on our customers' overall system reliability as well as cash flow. Finally, our continued investment in collaborative industrial social networks introduces the PASSUR platform to a worldwide community of aviation professionals the next generation of PASSUR customers."

"We believe our customers can, using PASSUR's unique product suite, address costs and problems previously thought unsolvable, by leveraging Big Data, collaborative platforms, industrial social networks, and smart decision support technology," said G.S. Beckwith Gilbert, PASSUR Aerospace Chairman of the Board.

About PASSUR Aerospace, Inc. PASSUR Aerospace, Inc. is a business intelligence 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 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 155 passive radars, company owned. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Other PASSURs are located in Europe and Asia. 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 website at http://www.passur.com for updated products, solutions, and news.

Forward-Looking Statements The information provided in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's future plans, objectives, and expected performance. The words "believe," "may," "will," "could," "should," "would," "anticipate," "estimate," "expect," "project," "intend," "objective," "seek," "strive," "might," "likely result," "build," "grow," "plan," "goal," "expand," "position," or similar words, or the negatives of these words, or similar terminology, identify forward-looking statements. These statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks and uncertainties, and a number of factors could cause the Company's actual results to differ materially from those expressed in the forward-looking statements referred to above. These factors include, without limitation: the ability of the Company to sell data subscriptions from its PASSUR Proprietary Surveillance Network and to make new sales of its PASSUR and other product lines (due to potential competitive pressure from other companies or other products); the current uncertainty in the aviation industry due to terrorist events, the continued war on terrorism, changes in fuel costs, airline bankruptcies and consolidations; economic conditions; future changes in governmental regulation and the impact that such changes in regulation will have on the Company's business; the Company's ability to attract and maintain the personnel necessary to sell, manufacture, and service its products; the Company's ability to adequately protect its intellectual property; the Company's ability to secure future financing; the Company's ability to maintain the continued support of its significant shareholder and the risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which relate only to events as of the date on which the statements are made and which reflect management's analysis, judgments, belief, or expectation only as of such date. The Company undertakes no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. Readers are advised, however, to consult any further disclosures we make on related subjects in our Forms 10-K, 10-Q, and 8-K.

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PASSUR Aerospace Reports an Increase in Net Income of 9% to $2.9 Million for Fiscal Year 2012

WELLINGTON, Fla.--(BUSINESS WIRE)--

B/E Aerospace, Inc. (BEAV), the worlds leading manufacturer of aircraft cabin interior products and the worlds leading distributor of aerospace fasteners and consumables, today announced fourth quarter and full year 2012 financial results.

FOURTH QUARTER 2012 HIGHLIGHTS VERSUS FOURTH QUARTER PRIOR YEAR

FULL YEAR 2012 HIGHLIGHTS VERSUS FULL YEAR 2011

2013 FINANCIAL GUIDANCE

FOURTH QUARTER CONSOLIDATED RESULTS

Fourth quarter 2012 revenues of $803.2 million increased $148.5 million, or 22.7 percent, as compared with the prior year period.

Operating earnings were $138.1 million, an increase of 26.6 percent, and operating margin of 17.2 percent increased 50 basis points. The growth in operating earnings and the improvement in operating margin occurred primarily as a result of operating leverage at the higher sales volume and ongoing operational efficiency initiatives. Operating earnings and operating margin, adjusted to exclude acquisition, integration and transition (AIT) costs, were $142.2 million and 17.7 percent.

Net earnings and earnings per diluted share were $75.2 million and $0.73 per share, increases of 31.2 percent and 30.4 percent, respectively.

Commenting on the Companys fourth quarter and full year 2012 performance, Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace said, I am pleased to report, our 2012 results which were the best in the Companys history. 2012 revenues, operating earnings, operating margin, bookings and backlog were all records, and net earnings and EPS, adjusted to exclude debt prepayment costs, were also records. Our revenue growth continues to be driven primarily by the robust new aircraft delivery cycle. Approximately 61 percent of fourth quarter and full year 2012 revenues was driven by demand for products for new-buy aircraft reflecting both robust new aircraft deliveries and weaker aftermarket demand.

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B/E Aerospace Reports Fourth Quarter and Full Year 2012 Financial Results; Fourth Quarter 2012 EPS Up 30%; Full Year ...

SHELTON, Conn., Jan. 30, 2013 /PRNewswire/ --Sikorsky Aerospace Services (SAS) today announced plans to structurally repair seven damaged UH-60L BLACK HAWK helicopters for the Colombian Army (COLAR) at its base depot in Tolemaida, Colombia. To ensure sustained support for operations as mandated by the Colombian Army, the Colombian Army Aviation (part of the Army's Combined Arms Team) has continued to expand its in-country BLACK HAWK maintenance services tripling the size of the Sikorsky Depot Team. Sikorsky Aerospace Services (SAS) is the aftermarket business of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (UTX).

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

"Colombia has been our valued customer for over thirty years. Our ability to support the operational readiness of the Colombian Armed Services is paramount in their efforts to ensure national order and security," said Frank DiPasquale, SAS Vice-President of Sales & Strategic Relationships. "The capacity to perform these repairs in-country will represent significant savings to our customer and underscores our ability to be a full life-cycle service provider. The success of this program provides economical options for Sikorsky BLACK HAWK operators worldwide."

Colombia operates the world's fourth-largest BLACK HAWK fleet. The technical and tactical characteristics of the UH-60L fleet provide the mobility and penetration required by the Colombian Army to execute a variety of dynamic missions. To provide the requisite support to COLAR units, the Air Assault Aviation Division of the National Army requires optimum fleet readiness and airworthiness. The UH-60L aircraft support air assault, reconnaissance, supply and other missions.

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

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Sikorsky Aerospace Services Provides In-Country Depot Level Repairs to Colombian Army BLACK HAWK Fleet

EAST AURORA, N.Y.--(BUSINESS WIRE)--

Astronics Corporation (ATRO), a leading provider of advanced technologies for the global aerospace and defense industries, announced that Peter J. Gundermann, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will present at the Cowen and Company 34th Annual Aerospace and Defense Conference at the InterContinental Barclay Hotel in New York City on Wednesday, February 6, 2013.

Astronics presentation is scheduled to begin at 1:15 PM ET. A live webcast of this presentation, along with presentation materials, will be available at http://www.astronics.com and an archive of the presentation will be made available in the Investor Relations section, on the Calendar of Events page, of the Companys website.

ABOUT ASTRONICS CORPORATION

Astronics Corporation is a leader in advanced, high-performance lighting, electrical power, specialized avionics products and automated test systems for the global aerospace and defense industries. Astronics strategy is to develop and maintain positions of technical leadership in its chosen aerospace and defense markets, to leverage those positions to grow the amount of content and volume of product it sells to those markets and to selectively acquire businesses with similar technical capabilities that could benefit from our leadership position and strategic direction. Astronics Corporation and its wholly-owned subsidiaries, Astronics Advanced Electronic Systems Corp., Ballard Technology, Inc., DME Corporation, Luminescent Systems Inc. and Max-Viz, Inc., have a reputation for high-quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. The Company routinely posts news and other important information on its website at http://www.astronics.com.

For more information on Astronics and its products, visit its website at http://www.astronics.com.

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Astronics Corporation to Participate in Cowen and Company 34th Annual Aerospace and Defense Conference

CHARLOTTE, N.C., Jan. 29, 2013 /PRNewswire/ -- With key positions on nearly every aircraft flying today, UTC Aerospace Systems will exhibit a range of products, in hall B, booth 4.8 at Aero India in Bengaluru, February 6 10, 2013. Products on display will span military and civil markets and offer critical benefits such as enhanced safety, improved comfort, increased precision and extended situational awareness. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX)

Two new unmanned aerial systems (UAS) will make their Indian debut at the show. The Vireo and Optio UAS are applicable to a wide variety of markets and offer low-cost, effective and flexible surveillance from a variety of sensors including electro optical and infra-red. These systems deliver actionable data to law enforcement, government agencies, agriculture producers and first responders. Further UTC Aerospace Systems UAS technology can be found in hall A on the TATA booth1.2A, providing a solution for India's UAS multi-intelligence collection requirement.

Also on display on the UTC Aerospace systems booth in hall B will be:

Technical staff will be available throughout the show to discuss all products on display on the UTC Aerospace Systems booth.

UTC Aerospace Systems, was formed in July 2012 by combining two industry leaders - Hamilton Sundstrand and Goodrich.

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 Showcases Complete Range of Safety, Situational Awareness, Precision Guidance and Passenger ...

Toronto, ON Vector Aerospace Corporation (Vector), a global independent provider of aviation maintenance, repair and overhaul (MRO) services is pleased to announce the renewal of its current engine services agreement with Air Greenland, based in Nuuk, Greenland.

As per the terms of the two-year extension of this exclusive agreement, Vector provides Air Greenland with fixed and rotary wing aircraft engine repair and overhaul support from its Vector Aerospace Engine Services -Atlantic facility in Summerside, Prince Edward Island, Canada and from its Vector Aerospace Helicopter Services North America facility in Richmond, British Columbia, Canada. Air Greenland is also supported by Vectors network of service centres in the United States and in Europe.

Securing this agreement with Vector is a great accomplishment for all the parties involved, says Peter Bjerre, technical director of Air Greenland. We have worked with Vector for many years and have found that their team delivers outstanding customer service, which we require, at a very competitive price.

We are very pleased to be continuing our long standing relationship with Air Greenland, says Jeff Poirier, president of Vector Aerospace Engine Services Atlantic. Our commitment to providing comprehensive support and great value to Air Greenland and its customers is demonstrated daily by our highly trained personnel. We believe this latest agreement is a direct reflection of Vectors unique ability to provide both fixed and rotary wing service to its customers; making us the ideal choice for multi-platform operators worldwide.

Poirier elaborates that the agreement with Air Greenland includes various repairs, hot section inspections, modifications, overhaul services, and test support on the P&WC PT6A, PW123 and PT6T series engines.

About Vector Aerospace Corporation Vector is a global independent provider of aviation maintenance, repair and overhaul services. Through facilities in Canada, the United States, the United Kingdom, France, Africa and Australia it provides services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.

Principal operations include Vector Aerospace Engine Services-Atlantic; Vector Aerospace Engine Services-UK; Vector Aerospace Helicopter Services-North America; SECA, A Vector Aerospace Company; Vector Aerospace International Limited and Pathix ASP. Vector also provides information technology solutions to an international customer base.

Vector employs approximately 2,800 employees.

A comprehensive overview of Vectors capabilities can be viewed at http://www.vectoraerospace.com.

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Vector Aerospace Renews Engine Services Agreement with Air Greenland