15:33 GMT, September 18, 2012 Toronto, ON | Vector Aerospace Corporation, an industry leader in providing aviation maintenance, repair and overhaul (MRO) services for helicopter and fixed-wing aircraft will exhibit at Africa Aerospace and Defence 2012 (AAD 2012), taking place at the Waterkloof Air Force Base Centurion, City of Tshwane, South Africa from September 19-23, 2012 (Booth 6W4).

Vector Aerospace is excited to participate at AAD 2012, says Jeff Poirier, president of Vector Aerospace Engine Services Atlantic. Our comprehensive engine and component repair, overhaul and test services deliver exceptional value and benefit to our customers. We have the diverse capability to accommodate our customers specific requirements and the detailed product knowledge, experience and international service centre network to meet their needs. We look forward to meeting with operators at AAD 2012 to discuss how the Vector team can support their specific engine repair and overhaul requirements with superior quality and unparalleled customer satisfaction.

Vector Aerospace, with facilities located in Canada, the United States, the United Kingdom, South Africa, France and Australia, holds approvals from some of the world's leading OEMs including Pratt & Whitney Canada, Rolls-Royce, Turbomeca, General Electric and Honeywell. Products supported include the Pratt & Whitney Canada PT6T, PT6A, JT15D, PW100, PW307 and PW308A series engines; Rolls-Royce M250; Rolls-Royce T56/501D; Turbomeca Arriel 1 and Arriel 2; General Electric T58 / CT58 and CT-7A / T700 engines; Honeywell TFE731 and Honeywell ALF 502/LF507 (all engine lines include complete test capability); dynamic components, full-service avionics capability; up to and including glass cockpit engineering, development and integration, complete aircraft rewires, as well as airframes and major inspections support for a variety of Eurocopter, Sikorsky, Boeing and AgustaWestland helicopter models.

Visit Vector Aerospace at AAD 2012 (booth 6W4) to meet with our Sales, Customer Support and Operations team.

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Vector Exhibiting at Africa Aerospace and Defence

New Delhi, Sept. 17 -- Singapore Technologies Engineering Ltd (ST Engineering) announced today that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace) has set up a wholly-owned subsidiary, ST Aerospace Rotables Pte. Ltd. (STAR), with paid up capital of US$1.5m (approximately S$1.88m). STAR, a global asset services company, will be headquartered in Singapore with marketing offices in the Americas, EMEA and Asia Pacific.

STAR will drive the ST Aerospace's foray into a new growth area, focusing on rotable assets leasing, asset trading, rotables loan and exchange, as well as providing support to the sector's Maintenance-By-the-Hour (MBHTM) programme. The new set up is in line with ST Aerospace's plan to develop and extend its component total support capability, to address evolving market demands. STAR will manage rotable assets for customers, through expert trading and utilisation via loan and exchange. It will leverage ST Aerospace's brand and expertise to help customers monetise existing assets through its wide range of inventory solutions. Customers would also have access to ST Aerospace's full suite of total aviation support services. With a network of subsidiaries and associated companies located in strategic hubs around the world, ST Aerospace has a comprehensive maintenance capability for over 25,000 component part numbers with an annual throughput of 85,000 components. It also manages an asset pool of rotables in excess of US$400 million, and is able to deliver flexible and customised component solutions to customers worldwide. The incorporation of STAR is not expected to 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 world's 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.www.staero.aero.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of S$5.99b in FY2011 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities.www.stengg.com.

Copyright 2012 Singapore Government News, distributed by Contify.comAll Rights Reserved

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ST Engineering's Aerospace Arm Establishes New Global Asset Services Company

B/E Aerospace Expands

B/E Aerospace Expansion 6 PM

ROCKFORD (WIFR) -- The aerospace industry is getting stronger in the Stateline as a new manufacturing research facility celebrates their grand opening.

That flush you hear on airplanes may be possible thanks to B/E Aerospace. It's a Rockford company that produces waste and water systems. They just opened a 38,000 square foot research facility. B/E is one of more than 130 aerospace-related companies now in the Rockford area.

That's one of the other reasons we picked this area. It does have other aerospace companies in the area, which we can draw on talent from those various companies as well, said Mark Pondelick.

The expansion created 74 jobs. Members of the Rockford area aerospace network say the ongoing growth in the aerospace industry will be a great boost to Rockfords economy.

"I think aerospace is a great opportunity to look at onshoring, where the types of jobs we do here don't make themselves very available to offshore, low-wage type of work. It's a great thing to help build our economy, said Jeff Kaney.

The Rockford area aerospace network compares the expansion of the aerospace industry in Rockford to what Chrysler did in Belvidere. "I believe in five or ten years we're going to see a cementing. We're going to see more companies that are here growing, and I believe we will be attracting more and more suppliers to the area, General Manager Mark Pondelick says.

This expansion strengthens B/E's relationship with local companies they've been working with since opening in 2007.

All 74 positions at the facility have already been filled. But more jobs might be added as new projects are introduced. B/E Aerospace is the world's leading manufacturer of all aircraft cabin interior products, not just waste and water systems.

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B/E Aerospace Expansion

Toronto, ON Vector Aerospace Corporation, an industry leader in providing aviation maintenance, repair and overhaul (MRO) services for helicopter and fixed-wing aircraft will exhibit at Africa Aerospace and Defence 2012 (AAD 2012), taking place at the Waterkloof Air Force Base Centurion, City of Tshwane, South Africa from September 19-23, 2012 (Booth 6W4).

Vector Aerospace is excited to participate at AAD 2012, says Jeff Poirier, president of Vector Aerospace Engine Services Atlantic. Our comprehensive engine and component repair, overhaul and test services deliver exceptional value and benefit to our customers. We have the diverse capability to accommodate our customers specific requirements and the detailed product knowledge, experience and international service centre network to meet their needs. We look forward to meeting with operators at AAD 2012 to discuss how the Vector team can support their specific engine repair and overhaul requirements with superior quality and unparalleled customer satisfaction.

Vector Aerospace, with facilities located in Canada, the United States, the United Kingdom, South Africa, France and Australia, holds approvals from some of the world's leading OEMs including Pratt & Whitney Canada, Rolls-Royce, Turbomeca, General Electric and Honeywell. Products supported include the Pratt & Whitney Canada PT6T, PT6A, JT15D, PW100, PW307 and PW308A series engines; Rolls-Royce M250; Rolls-Royce T56/501D; Turbomeca Arriel 1 and Arriel 2; General Electric T58 / CT58 and CT-7A / T700 engines; Honeywell TFE731 and Honeywell ALF 502/LF507 (all engine lines include complete test capability); dynamic components, full-service avionics capability; up to and including glass cockpit engineering, development and integration, complete aircraft rewires, as well as airframes and major inspections support for a variety of Eurocopter, Sikorsky, Boeing and AgustaWestland helicopter models.

Visit Vector Aerospace at AAD 2012 (booth 6W4) to meet with our Sales, Customer Support and Operations team.

About Vector Aerospace Corporation (Vector)

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 Exhibiting at Africa Aerospace and Defence 2012

CHARLOTTE, N.C., Sept.17, 2012 /PRNewswire/ --UTC Aerospace Systems, a unit of United Technologies Corp. (UTX), introduces a full range of core capability advanced ISR (intelligence, surveillance and reconnaissance) sensors at the Air Forces Association (AFA) conference and technology exposition, which takes place at the Gaylord National Resort and Convention Center, Washington, D.C. on September 17-19.

Technical staff from UTC Aerospace Systems (booth 301) are available to discuss the Sentinel wide area motion imagery (WAMI) sensor system. Sentinel CA-247 represents the first operational, nighttime wide area capability, and has been deployed for two years. With more than a dozen systems produced to date and over 10,000 operational hours, Sentinel offers warfighters an unprecedented level of situation awareness: the right mix of day and nighttime coverage, high resolution over broad areas, and combat-proven performance at low risk and an affordable price.

Also on display is the SYERS-3 multi-spectral sensor, a truly adaptive sensor that offers the customer a feature-rich, high-quality image. SYERS-3 delivers the highest resolution multi-spectral intelligence providing detailed information day or night, even in challenging environments. Visitors to the show are invited to speak with technical staff to determine the best ISR solution for any application providing the desired imaging and greatest value for the operator.

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 ISR Sensors at AFA

Iowa State has been named one of the premier engineering schools in the nation, according to Aerospace Week and Space Technology Magazine.

This publication hasdeemed Iowa State the No. 1 school in regards to the number of graduates hiredin the aerospace and defense industry. An achievement of such caliber placesIowa States aerospace engineering department in the same conversation asprestigious schools such as Cal Tech and MIT.

What sets Iowa State apart from theseschools, however, is places like Cal Tech and MIT turn out some very high quality students, but they dont turn out very many students, said RichardWlezien, professor and department chairman of the aerospace engineering program. Iteach a freshman class, Introduction to Aerospace Design, and it's based on the MITcourse. When MIT teaches the class, they teach it to 35 students; when I teach theclass, I teach it to 230 students.

Wlezien said Iowa State is not only up topar with the quality of students it produces but is also exceptional in terms ofquantity. Given the readiness of graduates for the real world and thepromising future of job availability in the aerospace and defense field, this level of success appears tobe sustainable.

There are jobs in aerospace engineering, and it doesnt mean thateveryone has to be in aerospace engineering," Wlezien said. "There are other fields that theaerospace companies hire. The challenge aerospace companies have right now istheir workforce is aging, and theyre looking to replace those people, so there areopportunities.

With enrollment up 10 percent in the aerospace program,Wlezien said ISU graduates are primed to take advantage of theaforementioned opportunities for years to come.

One current student who hasalready taken advantage of a great opportunity is Prasad Raman, a senior in aerospaceengineering who has completed an internship with Boeing.

"[It was] a great opportunity to take some of the classroom knowledge and apply thatto a real world problem something thats difficult to do in a classroom setting, Raman said.

Similar experiences are the norm for other students within the program, asthey "come back with practical knowledge that really enhances what they do in theclassroom, which is something that contributes to ISU having the highest rate ofgraduates hired,"Wlezien said.

Stepping back to view a broader scale, ISU President Steven Leath explained how Iowa State goes about molding such high-levelgraduates, not only within the aerospace engineering program but universitywide.

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Aerospace engineering program named No. 1 in job placement

13-09-2012 10:33 North by Northwest Productions produced this video shown at our 2012 Annual Meeting on "The Power of Aerospace."

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The Power Of Aerospace: 2012 GSI Annual Meeting - Video

AMAC Aerospace Switzerland today, 14th September, formally inaugurates its third maintenance and completion hangar for wide-body aircraft at its EuroAirport Basel-Mulhouse-Freiburg headquarters. The opening of the new state-of-the-art 8200sqm hangar is ideally timed as AMAC gets to work on their backlog for its completions and refurbishment work. Moreover, the new facility will be the catalyst for the companys entre into providing maintenance for wide-bodied aircraft capability it plans to introduce from early 2013. AMAC gained European EASA Part 145 approval to undertake heavy base maintenance on Boeing 777 series (2010) and the Airbus A330/A340 Series (2012) and is expecting to receive B747-400 / B747-8i approval later on this year. In May AMAC was approved by Boeing as a Boeing Warranty Service Center .

AMAC Aerospace is expanding its workforce, currently at 550 employees and shall marginally grow over the next six months, with the continuous expansion of our workforce in various work disciplines. The new hangar, identical in size to AMACs second hangar which opened in 2010, can accommodate aircraft as large as the Boeing 747-8i, Boeing 777 and Airbus A340.

Kadri Muhiddin, CEO and Group Executive Chairman, together with Mr. Bernd Schramm, COO and Mr. Mauro Grossi, CFO form the executive management of the group and will later this evening welcome some 400 industry guests and customers from all over the world. Together with company employees, he will preside over a special opening ceremony at the new hangar. Mr. Muhiddin will take the opportunity to highlight that AMAC Aerospace, now in its fifth year, fully intends to capitalise on its success serving a strong international customer base, by building up its activity in aircraft maintenance and to also expand the charter business.

We have done phenomenally well in winning completion, refurbishment and maintenance work contracts to the point that we have a secure and stable workload until 2014 and at present we are in dialogue for work beyond 2014 said Kadri Muhiddin. AMAC Aerospace handled numerous projects in 2011 and will deliver in 2012 a B777, several ACJs and BBJs refurbishment projects.

Now in our second phase of growing the business we are focusing on building up the maintenance side of the business. We are also very enthusiastic about our new activity supporting the Pilatus PC12-NG single engine turboprop in the lucrative Middle East market, he added.

The inauguration of the new Basel facility comes just one week after AMAC launched a 1,500sqm hangar at Istanbuls Ataturk Airport in Turkey, where from January 2013 it will be providing maintenance support for theversatile, high-speed six-seater PC-12NG turboprop.

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AMAC Aerospace Inaugurates Brand New Widebody Hangar at EuroAirport Basel HQ

Today Gov. Chris Gregoire abolished the Washington Council on Aerospace, a panel she created in 2009 to demonstrate the state's commitment to serving the needs of Boeing and aerospace suppliers.

Gregoire said the panel -- with representatives of industry, labor, higher education, workforce training and the Legislature -- had done its job of laying a stronger foundation of support for the industry.

It put forth a variety of recommendations to improve education and training of aerospace workers as well as aid the hundreds of aerospace suppliers in the state.

Three years after the Council convened, everybody involved agrees that the Council has served its purpose in helping to create new, more focused efforts, and now it is time to disband, she said in a press release.

One recommendation led to the creation of a new Office of Aerospace under the governor's control. Some of the council's duties will be reassigned to this office.

Other tasks will be distributed to the Aerospace Workforce Pipeline Committee, the Joint Center for Aerospace Innovation, and the Washington Aerospace Partnership.

While the council's demise was quiet, its birth was a bit noisy.

Back then, Boeing was making plans to expand its production of 787 jets. Several states, including South Carolina, offered them cheap land, tax breaks and publicly financed infrastructure in hopes of winning the business.

Gregoire pushed a series of bills in hopes of convincing Boeing not to expand in another state. One created the council. Lawmakers didn't pass it so she issued an executive order to establish it.

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Gregoire grounds aerospace council

Published: Thursday, September 13, 2012, 5:24 p.m.

Gregoire issued an executive order disbanding the panel and redistributing its duties to the governor's Office of Aerospace, the Aerospace Workforce Pipeline Committee, the Joint Center for Aerospace Innovation and the Washington Aerospace Partnership.

The council included representatives of industry, labor, higher education, workforce training and the Legislature. It recommended ways to improve education and training of aerospace workers as well as aiding the hundreds of aerospace suppliers in the state.

"Three years after the council convened, everybody involved agrees that the council has served its purpose in helping to create new, more focused efforts, and now it is time to disband," she said in a statement.

Also Wednesday, Gregoire announced that the 2014 Aerospace and Defense Suppliers Summit will be held March 10-12 at the Washington State Convention and Trade Center in Seattle. This year's inaugural also was held in Seattle.

Gregoire made the announcements at the annual Governor's Aerospace Summit in Spokane.

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Governor dissolves one of many aerospace panels

13 September 2012 Last updated at 03:01 ET

Aerospace workers in Wales should not fear for their jobs with news that Airbus' parent company is in merger talks, says an industry expert.

Aerospace firm EADS, which owns Airbus, and employs 6,500 people at Broughton, Flintshire, is negotiating with UK defence contractor BAE Systems.

It also owns defence company Cassidian in Newport, which employs 1,000 people.

John Whalley, of Aerospace Wales Forum, said: "It's more about helping to preserve jobs and growth."

These two companies epitomise high skilled manufacturing in sectors that are globally very competitive.

BAE Systems employs around 620 people at the head office of GCS Munitions based at Glascoed, near Usk in Monmouthshire.

Aerospace Wales Forum, the aerospace industry association in Wales, has welcomed the news of merger talks.

In a potential tie-up, BAE would own 40% and EADS 60% of the new firm.

I think the real driver here is market access

Excerpt from:

Aerospace merger 'will keep jobs'

Shares of the European aerospace giants EADS and BAE Systems tumbled on Thursday as investors reacted negatively to the announced merger talks between the two companies.

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DealBook: Investors Wary Over Giant Aerospace Deal

RESTON, Va.--(BUSINESS WIRE)--

The American Institute of Aeronautics and Astronautics (AIAA) is pleased to announce that its Aerospace Research Central (ARC) electronic database is now available to users. The site, available at http://arc.aiaa.org, was produced in partnership with Atypon, a leading provider of software to the scientific and scholarly publishing industry.

ARC offers easy and robust access to over four decades of aerospace research. The platforms sophisticated functionality gives users powerful search capabilities through all of AIAAs books, conference proceedings, and journal articles; offers streamlined research capabilities, including the ability to download citations and bundle content based on topic disciplines; and gives users early access to e-first publications ahead of the printed versions. Users will also be able to tailor the platforms functionality to seek out those results that are most relevant to their personal interests, greatly streamlining the research process.

With ARC, we will now be able to access, anytime and anywhere,more than 75 years of aerospace materials from the AIAA Electronic Library and the AIAA eBook Library, said Vigor Yang, vice-president of publications for AIAA. Yang continued:Such service will move us in the direction we all want to go towards easier, dependable access of knowledge important to our field.

Audrey Melkin, Atypons Director of Business Development, stated: Were proud to have collaborated with AIAA to create such a great content experience for contributors, readers, and librarians. Being able to seamlessly navigate all of AIAAs content types has resulted in a greatly improved resource for the entire aerospace sector.

Atypon is setting new standards for digital content delivery, discovery, and monetization. Literatum, the companys flagship publishing platform, is used to host more than 12 million journal articles, more than 50,000 e-books, and many other types of scientific and scholarly content. For more information, visit http://www.Atypon.com.

AIAA is the worlds largest technical society dedicated to the global aerospace profession. With more than 35,000 individual members worldwide, and nearly 100 corporate members, AIAA brings together industry, academia, and government to advance engineering and science in aviation, space, and defense. For more information, visit http://www.aiaa.org.

American Institute of Aeronautics and Astronautics 1801 Alexander Bell Drive, Suite 500, Reston, VA 20191-4344 Phone: 703.264.7558 Fax: 703.264.7551 http://www.aiaa.org

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AIAA’s “Aerospace Research Central” Now Available to Users

THE Malaysian Investment Development Authority (Mida) has approved 35 aerospace industry-related projects with investments worth RM2.8 billion.

Its deputy chief executive officer, Datuk Azman Mahmud said of the total, 17 projects are in the maintenance, repair and overhaul business, 20 in the manufacturing, and two in research and development designs.

Speaking to reporters at the signing of a priority resources agreement between Strand Aerospace Malaysia Sdn Bhd (SAM) and France's AKKA Technologies here yesterday, he said the global market for aerospace services is expected to double over the next decade to US$1 trillion (RM3.07 trillion) by 2020.

"Today, much of the high value design works in Malaysia are being outsourced to Taiwan, South Korea and India.

Azman said Malaysia is progressively establishing itself to meet all the ranks in the aerospace industry value chain.

"It was not long ago that Malaysia's aerospace industry served only the airline and second- or third-tier original equipment manufacturer market.

"Now, Malaysia is at the forefront of several markets, including composite designs and manufacturing; aircraft component design and manufacturing; avionics and system designs," he said.

As such, Azman said, the collaboration between SAM and AKKA Technologies is testimony to the capabilities of local players in providing their services globally as well as the high level of confidence and trust the international business has in Malaysia.

He said SAM will capitalise on the strength of Malaysia's high quality engineering pool. SAM is the lead company in the Economic Transformation Programme initiative to grow the country's engineering services industry.

SAM chief operating officer Naguib Mohd Nor said the company, which was established in 2006, has about 70 engineers. This is expected to rise to 100 in the next six months.

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Nod for 35 aerospace projects

d EADS, EUROPE’S largest aerospace company, and BAE Systems, its largest defence company, are in talks about a potential tie-up, the British group has said.

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Aerospace giants EADS and BAE consider merger

Strand Aerospace Malaysia Sdn Bhd aims to become a premier provider of high-end engineering services in Asia-Pacific via its partnership with AKKA Technologies.

Its chief operating officer, Naguib Mohd Nor, said the partnership would allow the company to spread its wings into new engineering services including rail and automotive sectors.

"Right now we have already trained around 10 to 15 engineers and we expect to reach our target of 30 to 35 trained engineers by end of this year.

"AKKA is quite happy with the current level of quality engineers we produced, and our capability to continue to produce the right level of engineers is quite dependent on our relationship with AKKA," he said after signing a Priority Resourcing Agreement with AKKA here today.

He said the partnership is a testament to Strand Aerospace's capability in providing its services globally, and also the high level of confidence and trust that international businesses have in Malaysia.

"Today, much of the high-value design work in Malaysia is outsourced to countries such as Taiwan, Korea and India.

"By growing engineering services domestically, Malaysia can utilise domestic capabilities and manpower, moving the local aerospace industry up the value chain," he said.

AKKA is a multiple engineering services verticals provider, including aerospace, rail, automotive, electronics and maritime domains.

Its vice-president Stephane Woitok said through this agreement AKKA hopes to be able to further capitalise on the high quality of Malaysian engineering resources that Strand Aerospace is developing.

"Strand Aerospace present us with a unique opportunity to benefit from having a European standard resource in an Asian location," he added. Bernama

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Strand Aerospace ties up with AKKA Tech

The Eurofighter Typhoon, sporting the flags of the six nations that have ordered the aircraft, is a collaboration of BAE Systems and Airbus parent company European Aeronautic Defence & Space Co. (Odd Andersen/AFP / September 7, 2012)

September 12, 2012, 12:11 p.m.

Airbus parent company European Aeronautic Defence & Space Co. and BAE Systems, two European giants in the aerospace and defense business, have acknowledged they are in merger talks in a deal that would create the industry's largest company.

The two companies had combined revenues of more than $94 billion last year, which surpasses Boeing Co.s $68.7 billion in sales.

In a joint statement, the companies said that a potential combination would create a world-class international aerospace, defense and security group.

Under the possible deal, BAE Systems shareholders would control 40% of the combined group's stock and EADS shareholders would own 60%.

Both companies already have a large U.S. presence. In July, Toulouse, France-based Airbus announced it would build a commercial jet manufacturing facility in Mobile, Ala. The planes built there will compete directly with those made by Boeing.

Analysts say that the deal makes the most sense on the defense side of business, now that global defense revenues are on the decline.

EADS and BAE have a history of collaboration and currently work together as partners in a number of projects, including MBDA, a European company that develops and manufactures missiles, and the Eurofighter Typhoon, a modern combat aircraft used by various European militaries.

In accordance with British law, the companies said they have until Oct. 10 to announce either that a deal has been made or that they no longer intend to pursue a transaction.

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Potential merger would create world's largest aerospace company

Published: Sept. 12, 2012 at 5:22 PM

PARIS, Sept. 12 (UPI) -- Two aerospace giants in Europe, BAE Systems and European Aeronautic Defense & Space Co. have confirmed they are discussing a possible merger.

A "potential combination would create a world-class international aerospace, defense and security group with substantial centers of manufacturing and technology excellence in the U.K., USA, France, Germany and Spain as well as in Australia, India and Saudi Arabia," the companies said in a joint statement.

The companies have long been rivals of U.S. industrial giant Boeing Co. They also have a "long history of collaboration," the joint statement said.

Besides other collaborations, BAE and EADS are working together on the Eurofighter and MBDA joint ventures.

Any deal struck would have to be approved by both company boards, by shareholders of each company and by regulators, the statement said.

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EADS and BAE may create aerospace giant

LONDON/BERLIN (Reuters) - Britain's BAE Systems and Airbus-owner EADS plan to merge into a $48 billion aerospace and defense giant that would overtake rival Boeing in sales, and insulate the pair from U.S. and European defense budget cuts. In the biggest shake-up in Europe's aerospace and defense sector since a 2000 pan-European merger created EADS under joint French and German control, the pair ...

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BAE, EADS discuss creating aerospace giant

The aerospace giant EADS, which manufactures Airbus passenger aircraft, says it is in merger talks with its British rival, BAE Systems.

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DealBook: 2 Aerospace Giants Say They Are in Merger Talks