08-10-2012 04:48 ITWeb and defenceWeb on ground zero for AAD 2012.
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08-10-2012 04:48 ITWeb and defenceWeb on ground zero for AAD 2012.
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MERGERS Huge aerospace deal abandoned
European Aeronautic, Defence & Space Co. and BAE Systems Plc abandoned their planned merger on government resistance, leaving in tatters their aspiration to create the world's largest aerospace and defense company.
The two companies said they terminated the deal because the "interests of the parties' government stakeholders cannot be adequately reconciled with each other or with the objectives" of the merger. The deal crumbled just hours before a deadline expired to formalize the agreement or win more time.
Germany became a major stumbling block on the path to an accord. BAE Chairman Dick Olver said he would not revisit merger talks with EADS unless government positions changed significantly, and that the company will not look elsewhere for a new partner.
The breakdown blocks BAE's path to a civil aviation business in times of shrinking defense budgets, and marks the second failure in a decade for EADS to combine aerospace assets from Europe's three largest economies.
Toyota Motor Corp. began recalling about 7.43 million vehicles worldwide after the company detected a possible flaw that could lead the power-window switch to melt or catch fire.
The recall affects about 2.47 million vehicles in the United States and almost 5 million more vehicles globally, said spokesman Joichi Tachikawa.
The Corolla and Camry are among the 14 models - some produced as far back as 2007 - subject to inspection and repair, he said, adding that the company hasn't received any reports of accidents because of the issue.
The scale of the recall, equivalent to 93 percent of its vehicles sold last year, comes as President Akio Toyoda pushes to rebuild the company's reputation for quality. Toyota, which recalled more than 10 million units in 2009 and 2010 for defects associated with unintended acceleration, took two years for its Lexus brand to regain the top spot on J.D. Power & Associates' new-car quality survey in 2011.
FedEx Corp.'s plan to increase profit $1.7 billion in three years relies on streamlining its Express unit, where it plans to cut jobs and replace fuel- guzzling planes, for more than 90 percent of the gains.
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ST. CHARLES, Mo. (AP) -- An aerospace manufacturer plans a $4.3 million expansion of its suburban St. Louis facilities that could add about 100 new jobs.
Gov. Jay Nixon's administration said Wednesday that LMI Aerospace is adding nearly 49,000 square feet to its headquarters and manufacturing facilities in St. Charles. The state Department of Economic Development is offering up to $1.6 million of incentives through the Quality Jobs program.
Nixon says the expansion could create 100 jobs over the next five years.
LMI Aerospace fabricates metal products for aircraft.
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Bangalore, Oct 9 (IANS) Axis Aerospace and Technologies Ltd (AAT) is scouting for acquisitions to expand its offering in engineering services for civil, commercial and defence offset markets.
"As part of our growth strategy, we are actively scouting the market for acquisitions to expand our portfolio and meet growing demands of our global customers," AAT vice-chairman Sudhakar Gande said in a statement here Tuesday.
The city-based company, promoted by Rajya Sabha member and entrepreneur Rajeev Chandrashekar, has recently set up a new facility at Kirloskar Business Park in this tech hub to offer integrated product development services to its marquee customers, including global aerospace major Airbus.
"We have fostered strong ties with marquee firms like Airbus, Bombardier, Catarpillar, DCNS, a French naval shipbuilder, MBRDI (Mercedes-Benz Research and Development India), Premium Aerotec, Thales and Volvo," Gande said.
The company has set up a dedicated offshore development centre with its subsidiary (CADES) to develop fuselage for Airbus, while the new facility will provide solutions, including product development and manufacturing processes for aerospace, defence, automotive and heavy engineering industries.
"Along with our two subsidiaries (Axis IT&T and CADES), we offer a range of solutions in engineering services, embedded systems, avionics, testing, system integration, manufacturing and life-cycle support," Gande pointed out.
As the principal offset partner for global original equipment manufacturers, the company has aligned its services strategically to provide end-to-end solutions.
"We are on track to achieve Rs.500 crore revenue in this fiscal (2012-13), which will be a growth of about 70 percent over the last fiscal (2011-12)," Gande asserted.
The company has 1,500 employees across 10 delivery centres worldwide.
The company plans to set up a 75-acre supply chain cluster in the upcoming aerospace park near the Bangalore international airport at Devanahalli, about 40 km from the city centre, to provide manufacturing and allied support facilities to global aerospace and defence firms.
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LMI Aerospace Inc. is expanding its St. Charles headquarters and plans to add 100 jobs to keep up with growing demand from aircraft manufacturers and suppliers.
The aerospace manufacturing and engineering services firm announced today the capital invested in this expansion will total at least $4.3 million. The expansion will add about 49,000 square feet of office and manufacturing space to its local facilities.
LMI, which provides structural components, assemblies and kits for aerospace, defense and technology customers, employs more than 300 corporate and manufacturing employees at its St. Charles headquarters. Over the next five years, 100 jobs with an average annual wage of $70,000.
The company already has begun increasing its corporate office space, and construction on the expanded assembly space will begin within the next few months, said the company's CEO and President Ronald Saks.
LMI has 1,600 employees in 17 locations in the U.S. and Mexico, and is expanding several of its facilities. The company had $254 million in net sales in 2011 and expects to reach between $282 million and $298 million in 2012.
We've expanded almost everywhere we are, Saks said. We're investing in places where (employees') skill sets match up with the need for products.
To help pay for the local expansion, LMI is eligible for up to $1.6 million in state incentives through the Missouri Quality Jobs program, Missouri Gov. Jay Nixon said at a press conference at LMI's headquarters Wednesday afternoon.
"It is a testament to the work force here in St. Charles that when a global leader like LMI needed to expand, they knew they could count on the hard working men and women of Missouri to get that job done," Nixon said.
An increase in business from customers such as Boeing Co. and Gulfstream Aerospace Corp. is leading to LMI's growth, company executives said.
About 39 percent of LMI's business is from large commercial aircraft customers and suppliers, and corporate and regional aircraft account for about 30 percent of its sales.
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LMI Aerospace expanding St. Charles facility, adding 100 jobs
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BAE Systems and EADS NV called off merger talks in the face of government objections.
BAE Systems and EADS NV called off merger talks in the face of government objections.
A deal to create a European defense and aerospace giant to rival Boeing Co. collapsed Wednesday when BAE Systems and EADS NV called off merger talks in the face of government objections.
The companies said they had "decided to terminate their discussions" over the proposed $45 billion tie-up because of conflicting interests between the British, French and German governments.
"It has become clear that the interests of the parties' government stakeholders cannot be adequately reconciled with each other or with the objectives that BAE Systems and EADS established for the merger," the companies said in a statement.
The proposed merger between Britain's BAE and Franco-German EADS, the parent of Airbus, would have created a company with a market value just shy of Boeing's.
But from the start, investors were skeptical about the deal because of the political disagreements. All three governments had to approve the deal for it to go ahead.
"It's not up to me to regret or rejoice," French President Francois Hollande said. "The French state as shareholder made known a certain number of arguments, of conditions. Our German friends had a certain number of criteria that were important to them. The British did the same. And the companies came to their conclusion."
The companies confirmed the end of their discussions just hours before a deadline on whether to go ahead with the merger, ask for more time or call it off.
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The European aerospace giants, EADS and BAE Systems, said Wednesday they had failed to win government support for a merger that would have created an entity with a combined market value of about $50 billion.
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DealBook: Political Haggling Thwarts Merger of Aerospace Giants
AEROSPACE MERGER GROUNDED: A European attempt to assemble an aerospace giant to rival America's Boeing Co. collapsed Wednesday. In the end, it was the reluctance of governments in Germany, Britain and France that led to the demise of the $45 billion deal that would have combined Britain's BAE Systems, with EADS NV, of Germany and France.
INTERNATIONAL TURBULENCE: Government officials were immediately concerned about the location and scale of any job cuts. Questions were also raised about what the deal would do to the delicate balance that Germany and France have achieved in EADS after years of bickering. The British government was wary about what the prospective deal would do to BAE's big business dealings with the U.S. Some of the largest shareholders questioned the deal as well.
BIG, BIG BUSINESS: The merger would have created a company with annual sales of $90 billion. Both companies insisted that a tie-up was sought not out of necessity, but with the hope of leapfrogging Boeing to the number one spot in the industry. Boeing last year had sales of about $69 billion.
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BLOOMFIELD, Conn. & GOA, India--(BUSINESS WIRE)--
Kaman Aerospace Group, Inc., a subsidiary of Kaman Corporation (KAMN), and Kineco Private Limited today announced that they have signed a definitive agreement to form a manufacturing joint venture (JV) in India.The new company will be named Kineco Kaman Composites India Pvt. Ltd. The venture is based in Goa and will manufacture advanced composite structures for aerospace, imaging/medical and other industries.
Gregory L. Steiner, President of Kaman Aerospace Group, commented, This venture comes together with the strength of a mutually shared vision that will drive and focus the JV to provide outstanding composite structures manufacturing solutions for our customers around the world. This strategic step is in keeping with our vision to provide our customers with a complete aerosystem solution. Our customers will benefit with a Kaman One Stop full complement of seamless services including design, tooling, testing, certification, low rate initial production, through steady state high velocity production. In addition, mature processes with high labor content will serve as key potential opportunities to provide our customers with future step down pricing.
Shekhar Sardessai, Chairman and Managing Director of Kineco Private Limited commented, The partnership between Kineco and Kaman is a unique and special one. This JV formation has the potential to become an extraordinary event for Indian business and the global aerospace industry. This relationship will foster and develop opportunities for both companies from uncharted territories.
The joint venture will conduct its operations out of the existing Kineco composites manufacturing facility in Goa, and is expected to initially employ approximately 50 experienced composite manufacturing employees, who are already producing complex composite structures utilizing the latest carbon material and autoclave curing technology. The business will be further enhanced by Kamans proven manufacturing know-how and decades of aerospace composites fabrication experience.
About Kaman Aerospace Group
Kaman Aerospace Group is a subsidiary of Kaman Corporation (NYSE-KAMN). The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the companys SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. More information is available at http://www.kaman.com.
About Kineco Private Limited
Kineco is a first generation entrepreneurial company founded by Mr. Shekhar Sardessai and was incorporated in 1994 and currently employees more than 150 people. It is one of Indias leading composites manufacturing companies with a strong presence and focus on the aerospace and defense industry. Kineco, as a company, has a legacy of innovation, development and commercialization of composite products. It has two operational facilities with total manufacturing space of 150,000 square feet. The company caters to a wide range of industries such as; railways, aerospace, defense, mass transportation, process, and marine.
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Kaman and Kineco Sign Agreement to Form a Joint Venture in India
SHILDON, England, Oct. 8, 2012 Special-effect coatings by PPG Industries (NYSE:PPG) aerospace coatings group enabled Virgin Atlantic Airways to have the unique reflectivity and bright, vibrant color the airlines design and engineering teams wanted for its new livery.
The airline has taken delivery of the first new aircraft an Airbus A330 painted with DESOTHANE(R) topcoats by PPG Aerospace colored with ANDARO(R) special-effect pigment. The proprietary PPG pigment was used in coatings that create the red tail and engines and the aubergine Virgin Atlantic lettering across the aircraft. The fuselage is painted with Desothane topcoats in high-sparkle silver mica.
Traditional mica aircraft coatings have about 30 percent reflectivity, while coatings with Andaro pigment reflect about 90 percent of visible light, according to Alex Reid, PPG Aerospace account manager at the North Europe application support center in Shildon, England.
Virgin Atlantic likes innovative technology, Reid said. Because using Andaro pigment in aerospace coatings was new, we worked closely with Virgins engineering team to get the products approved to apply to their aircraft. We worked alongside their design team to get the unique colors made with Andaro pigment incorporated into their new company identity.
Virgin Atlantics design team came to PPG with a vision for the coloring. Reid and the PPG Aerospace coatings team sought input from color experts in PPGs automotive OEM coatings business, and they adapted the Andaro pigment technology for aerospace coating applications.
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PPG Aerospace Special-Effect Coatings Bring Virgin Atlantic Airways’ Livery to Life
By Ross Marowits, The Canadian Press
MONTREAL - An aerospace analyst has high earnings expectations for Canada's two largest airlines and the prospects of Bombardier to land new orders.
Walter Spracklin of RBC Capital Markets said Tuesday he expects Air Canada (TSX:AC-B.TO - News) and WestJet Airlines (TSX:WJA.TO - News) will report solid operating results next month as higher traffic and fares compensate for volatile fuel prices during the third quarter.
"We see top-line revenue as being lifted in the Canadian airline segment and we are adjusting our forecasts accordingly," he wrote in a report.
Spracklin increased his price target for WestJet by $1 to $21 after the Calgary-based airline's domestic traffic increased by 7.9 per cent during the quarter. He expects it will report 49 cents per share in adjusted profits, up 18.6 per cent from his earlier forecast of 41 cents per share, when the company releases its results on Nov. 7. Pre-tax operating earnings (EBITDAR) should be $194 million, compared to the $181 million consensus among analysts.
Air Canada's traffic and yield data were relatively in line with his higher expectations. He expects the Montreal-based airline with report 81 cents per share in adjusted profits in the quarter, or $541 million in EBITDAR. That compares to the consensus of $524 million.
"With robust operating metrics and new growth opportunities, WestJet remains well-positioned for further valuation upside," he wrote.
"At the same time, we believe Air Canada shares present a compelling trading opportunity and a cyclical/sector play should macro conditions improve."
Spracklin added that Air Canada will be helped by its operational flexibility and transformation strategy.
He also raised Chorus Aviation's (TSX:CHR-B.TO - News) EBITDA by 9.2 per cent to $40 million, from $37 million as a result of better cost controls.
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Aerospace analyst has high expectations for Canadian airlines and Bombardier
MELVILLE, N.Y.--(BUSINESS WIRE)--
Park Electrochemical Corp. (PKE) announced the appointment of James R. Krone as Vice President of Aerospace Engineering of the Company. In this new position, Mr. Krone will be responsible for the Companys global aerospace engineering activities. Mr. Krone will report to Steve Pittari, Vice President-Aerospace of the Company, and will be based at the Companys Park Aerospace Technologies Corp. aerospace advanced composite materials, parts and assemblies manufacturing and design business unit located in Newton, Kansas.
Prior to joining Park, Mr. Krone held several positions with Cessna Aircraft Company in Wichita, Kansas. He had been Director, Structural Integrity of Cessna since 2008, Senior Manager, Material and Process Engineering from 2005 to 2008, Manager, Non-Metallic Materials Group, Material and Process Engineering from 2000 to 2005 and Engineering Specialist, Non-Metallic Materials Group, Material and Process Engineering from 1995 to 2000. From 1992 to 1995, he was a Program Manager with Quadrax Corporation, Advanced Materials Systems, Inc., a supplier of advanced polymer based composite raw materials and finished parts to the aerospace, defense and recreational markets, in Providence, Rhode Island; and from 1980 to 1992 he held several positions with Phillips Petroleum Company, a global petrochemical company, in Bartlesville, Oklahoma. Mr. Krone is currently a member of the Board of Directors of the Center for Innovation and Enterprise Engagement, Wichita State University, an Advisory Board Member of the National Institute for Aviation Research, Wichita State University, and Vice Chairman of the Wichita Chapter of The Society for the Advancement of Materials and Process Engineering. Mr. Krone received a Bachelor of Science degree in Mechanical Engineering from Kansas State University.
Brian Shore, Parks President and CEO, said, I have known Jim Krone for a number of years and have very high regard for him. I am very pleased that Jim has chosen to join Park.
Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies for the aerospace markets. Parks core capabilities are in the areas of polymer chemistry formulation and coating technology. The Companys manufacturing facilities are located in Singapore, France, Kansas, Arizona and California. The Company also maintains R & D facilities in Arizona, Kansas and Singapore.
Additional corporate information is available on the Companys web site at http://www.parkelectro.com.
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Jack Harrington, Of Counsel, SmithAmundsen LLC, a legal firm attending the marcus evans Aerospace & Defense Manufacturing Summit 2012, on being ready for product liability litigation.
New York, NY, Oct 9, 2012 - (ACN Newswire) - The aerospace industry works so hard to build good products, but it needs to work just as hard to protect them for when litigation occurs, says Jack Harrington, Of Counsel, SmithAmundsen LLC.
A masterclass presenter from a legal firm attending the upcoming marcus evans Aerospace & Defense Manufacturing Summit 2012, in Las Vegas, Nevada, October 25-26, Harrington turns the spotlight on product liability litigation and what role electronic discovery (eDiscovery) can play in the aerospace product manufacturing industry.
- How can the aerospace industry better handle product liability litigation?
In the past, defense lawyers used to deal with product liability litigation by bringing in experts, who would argue that the accident or incident was not caused by the product, while the plaintiff would bring specialists suggesting otherwise. With eDiscovery, there is now an entirely new element to product liability litigation.
Most communication and correspondence today is through emails, and eDiscovery is making available a tremendous amount of information, including poorly written emails between colleagues, when no one thought that years later they would be in a witness stand trying to explain to the jury what they actually meant to say.
- What is the way around this issue?
Many aircraft companies that want to protect the integrity of products are providing product integrity training, telling employees to be careful with emails as they can potentially come up in court decades later.
The second part of the training must focus on document retention, and keeping only the pieces of communication that may be required by the government or for the running of the business. Saving every email just opens up the company to enquiries that could lead to inaccurate theories in a lawsuit. People who are injured by faulty products should be protected and compensated, but at the same time the business should not have to worry that if a crash occurs counsel will present and convince a different case to the jury.
We encourage companies to build the best products they can, make sure everyone realizes they are the best that they can be, but to address product issues that arise.
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UTC Aerospace Systems, part of the United Technologies Corp. (UTX) has achieved a milestone by delivering its 100th Cabin Air Conditioning and Temperature Control System (:CACTCS) pack for the Boeing 787 Dreamliner.
The CACTCS pack is a part of the Environmental Control System, which primarily facilitates entire airplane thermal management. Its primary functions include control of cabin temperature, free flow of fresh air, pressure control within the cabin, basic heating and cooling, galley cooling along with the management of temperature control of cargo and crew rest compartments.
Based on the achievement of this milestone, management at UTC Aerospace systems said that it is well positioned to fully support Boeings organized and efficient ramp-up rate.
Apart from the Environmental Control Systems, UTC Aerospace Systems also provides multiple critical systems for the Boeing 787 Dreamliner. The solutions delivered by UTC include; nitrogen generation, electrical power generation and starting, remote power distribution; primary power distribution; ram air turbine; electric motor pumps; fire detection and suppression; electro-mechanical brakes; thrust reversers; proximity sensing; cargo handling; exterior and flight deck lighting; fuel quantity indicators and fuel management software.
UTC Aerospace Systems primarily designs and manufactures integrated systems and components for the aerospace and defense industries. Its primarily competes with Precision Castparts Inc. (PCP), which is also one of the primarily suppliers for the Boeing 787 Dreamliner. Precision is the primary supplier of engines for the jet that are more fuel efficient, provide more power while at the same times less noisy compared to the previous engines. In addition to engines, Precision also supplies engine hot section, fasteners and landing gear parts.
Headquartered in Hartford, Connecticut, United Technologies Corp is a high-end technology products and services provider to the building systems and aerospace industries worldwide. United Technologies currently has a Zacks #4 Rank implying a short-term Sell rating on the stock.
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The U.S. Air Force F-22A Raptor Demo Team arrived Thursday, Aug. 20, 2009, at Chicago Rockford International Airport at Kaney Aerospace. Rockford Area Economic Development Council will discuss the area's aerospace cluster and its implications for the region at a news conference Tuesday, Sept. 28, 2010.
Representatives from several Rockford companies are headed to Orlando Oct. 29-Nov. 1 for the National Business Aviation Association, nation's biggest tradeshow for business aerospace and aviation.
The companies will share space in a Rockford booth include Ardekin Precision, Chem Processing, Inc., Energy Dynamics, Inc., Ingenium Technologies, Kaney Aerospace and Midwest Aero Support, Inc.
They are members of the Rockford Area Aerospace Network, a committee of the Rockford Area Economic Development Council formed in 2010 to help develop high paying jobs and increase business for a cluster of aerospace companies here.
Exhibiting at the NBAA will help raise awareness of our regions aerospace strengths, said Dan Bowman, vice president, sales and marketing at Woodward, which will have its own booth at the tradeshow.
Aerospace industry clusters are emerging and growing globally, so the Rockford region is pursuing the correct strategy, he added.
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MINNEAPOLIS--(BUSINESS WIRE)--
WSI Industries, Inc. (WSCI) today reported that it had been awarded a new five year program with an existing customer. The Company also reported that an existing program with the same customer was also extended to the same term which runs through 2017 and will provide additional revenue over the five year period.
Benjamin Rashleger, president and chief executive officer, commented: We are pleased to report a new multi-year program with one of our existing aerospace customers. In awarding the new program as well as lengthening our existing agreement with them, our customer has shown its confidence in WSI to provide high tolerance machined parts to the aerospace industry. While the aerospace industry represents a smaller percentage of our overall business, we hope to grow this segment in the coming years. Rashleger continued: We believe the aerospace industry will be a strong segment over the next decade, and in order to increase our ability to further penetrate this market, we have commenced on a plan to obtain an AS 9100 quality certification. The aerospace industry as a whole is driven to the more stringent AS 9100 quality standards, and we have made it our goal to obtain this certification by the middle of calendar year 2013. Obtaining this certification will complement our existing quality system, and further expand our ability to pursue more aerospace opportunities and will continue our strategy of diversifying our business in both the customers and industries we serve.
The Company also announced today that it has renewed its ISO 9001 Certification, affirming that the companys quality management system meets the strict qualifications for the globally accepted ISO standard.
WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including avionics and aerospace, energy, recreational vehicles, small engines, marine, bioscience and the defense markets.
The statements included herein which are not historical or current facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. There are certain important factors which could cause actual results to differ materially from those anticipated by some of the statements made herein, including the Companys ability to retain current programs and obtain additional manufacturing programs, and other factors detailed in the Companys filings with the Securities and Exchange Commission.
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GKN Aerospaces extended aero-engine aftermarket operation is a focus for the company on booth 11250 at MRO Europe, 9 11 October in Amsterdam, alongside its established MRO activities across transparencies, composites and ice protection.
GKN Aerospace completed the acquisition of Volvo Aero on 1st October, 2012, and created GKN Aerospace Engine Systems - an operation that takes its place among the leading three aero engine component suppliers globally and includes an established OEM authorised facility that services some 200 engines each year and has a team of skilled field service personnel. All levels of engine maintenance are undertaken, up to and including full overhaul and test of commercial and military aero engines. The MRO (Europe) display will also feature GKN Aerospaces established engine fan blade repair activity, currently supplied to over 180 airlines and overhaul shops worldwide.
The companys transparencies support business will be represented with a display of replacement windows currently supplied for both Airbus and Boeing aircraft including the full suite of Airbus A320 transparencies and the innovative, larger scale window developed for the Boeing 787.
Effective and cost effective composite repair continues to be a focus for the industry and the GKN Aerospace stand will include an A380 panel illustrating current composite repair techniques alongside a display illustrating progress with the companys laser composite repair development programme. This is on-going development activity with SLCR of Germany with the aim of bringing to market an effective laser-based process for the removal of damaged composite fibre.
The company will also display its ultra-controllable, lightweight electro-thermal ice protection technology, used for the wing ice protection system for the B-787 and will be discussing progress with new intelligent coatings. One medium term goal in this area is to offer customers a coating that, when applied to composite structure, will provide an ultra-violet visual indication should there be impact damage.
Mike McCann, Senior VP Business Development and Strategy at GKN Aerospace comments: Our new aero-engines support operation, housed within GKN Aerospace Engine Systems, joins a stable of established and respected MRO activities supporting all of our businesses. We believe this will bring opportunities to offer our expertise to new markets, customers and programmes across the globe.
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GKN Aerospace's Extended Engine Structures Support Business Features at MRO Europe, 2012
The Company is a Featured Partner in the Canada Pavilion - October 9 through 14, 2012
MARKHAM, Ontario - Shimco announced today their participation in the Japan International Aerospace Exhibition (JA2012) taking place in Nagoya, Japan from October 9 through 14, 2012.
JA2012 is held in Nagoya, Japan, Asia's largest aerospace industrial manufacturing region, and brings together international and domestic companies to promote trade and further the development of aerospace-related industries. JA2012 is also presented to raise the general public's understanding of the improvements that aerospace engineering brings to daily life.
Shimco, a leader in manufacturing precision parts, laminated and edge-bond shims, tapers and spacers has served the aerospace, defense and space industries world-wide for over 25 years. Shimco is already a supplier to several Japanese aerospace companies and is excited to be featured in the Canada Pavilion as a key player in Ontario's vibrant aerospace industry.
"We are honoured to be invited to display in the Canada Pavilion as one of the companies selected to represent the province of Ontario at this international event," states Peter Voss, President of Shimco. "This is an exceptional opportunity for us to show how Canada is leading the way in the aerospace industry and for Shimco to promote its innovative products to the international market."
The Canada Pavilion features displays and companies from the provinces of Ontario, Quebec and British Columbia. JA2012, now in its 13th year, has over 500 exhibitors from 22 countries, and is expected to attract over 50,000 attendees during this five-day event.
Japan International Aerospace Exhibition October 9 - 14, 2012
About Shimco For over 25 years, Shimco has served the aerospace, defense, space, industrial and other sectors worldwide. Shimco is a leader in manufacturing precision parts, laminated and edge-bond shims, tapers and spacers in materials ranging from aluminum and titanium through to synthetics and composites.
Shimco offers a tradition of innovation, precision and execution, providing solutions that conform to exacting international and customer-specific standards. Shimco is an ISO9001:2008 & AS9100C registered company and their commitment to quality, on-time delivery, lean manufacturing and financial strength is unparalleled. Canadian Headquarters are located in Markham, Ontario.
Vist: http://www.shimco.com
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Shimco to Exhibit at the Japan International Aerospace Exhibition 2012
NEW YORK, Oct. 8, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Multiple technology changes are fueling booming market growth
Inertial Measurements Units (IMUs) is a large industry traditionally dominated by defense and aerospace applications. 2011 was a stable year for IMUs with a market size of $1.75B.
We expect more dynamic growth in this market near term because of two factors:
-In the defense and aerospace sectors: though the markets in the U.S. and Europe are best described as conservative and mature, many new programs are being launched in Asia, Brazil, and the Middle East.
-Many new applications are fueling the growth of the IMU market, benefiting from significant technology evolutions, such as the continuous improvement of MEMS IMUs.
The IMU market is very concentrated; only a few big companies are dominant. Honeywell, Northrop Grumman and Sagem are the clear leaders, but many newcomers are coming in to play, looking to enter the market with low-cost MEMS-based products and a different approach to how things are done.
GROWTH OPPORTUNITIES ARE POSITIVELY IMPACTING THE GYROSCOPE MARKET
High-performance inertial sensors and systems is a dynamic market segment, as an ever-increasing number of platforms require stabilization, guidance or navigation functions. The 2011 market for high-performance gyroscopes was estimated at $1.29B, growing at a 4.3% annual rate, and is expected to reach $1.66B in 2017.
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CHARLOTTE, N.C., Oct. 8, 2012 /PRNewswire/ --UTC Aerospace Systems delivered its 100th Cabin Air Conditioning and Temperature Control System (CACTCS) pack shipset for the Boeing 787 Dreamliner, marking a key milestone as a major systems supplier to the program. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX).
"UTC Aerospace Systems is delighted to celebrate this next step in our commitment to the Dreamliner program," said Bob Leduc, president, 787 Programs, UTC Aerospace Systems. "We are supporting the current production rate and are well-positioned to support Boeing's systematic rate ramp-up."
UTC Aerospace Systems' CACTCS pack is part of the Environmental Control System (ECS), which provides cabin temperature management and control, fresh airflow, pressurization control, heating and cooling, galley chilling, and cargo and crew rest compartment temperature control.
"The ECS provides complete airplane thermal management, producing enough cooling to cool more than 25 typical New England homes," said Tom Pelland, vice president and general manager, Air Management Systems. "I am extremely proud of our team. Our people have worked tirelessly in making this milestone possible."
The ECS also includes liquid cooling for the Power Electronics Cooling System (PECS), pack bay overheat protection, wheel well fire protection and windshield washer/wipers. The first electrically driven air cycle air-conditioning packs offer twice the efficiency of previously delivered systems.
In addition to the ECS, UTC Aerospace Systems provides multiple critical systems for the Boeing 787 Dreamliner, including: nitrogen generation; electrical power generating and starting; remote power distribution; primary power distribution; ram air turbine; electric motor pumps; fire detection and suppression; electro-mechanical brakes; thrust reversers; proximity sensing; cargo handling; exterior and flight deck lighting; fuel quantity indicators; and fuel management software.
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, Conn., is a diversified company that provides high-technology products and services to the aerospace and building industries.
http://www.utcaerospacesystems.com
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UTC Aerospace Systems delivers 100th CACTCS pack shipset for Boeing 787 Dreamliner