BOULDER, Colo., Aug. 21, 2012 /PRNewswire/ -- Ball Aerospace & Technologies Corp. has been awarded a contract from NASA to lead a government-industry team in the demonstration of an alternative fuel option for future space vehicles.

The Ball team will develop and fly the Green Propellant Infusion Mission (GPIM) to demonstrate a high-performance, non-toxic fuel alternative to conventional hydrazine. The mission will demonstrate and characterize the functionality of an integrated propulsion system to bridge the gap between technology development and actual use of green propellant in space.

Ball Aerospace is the prime contractor for the GPIM along with team co-investigators from the Aerojet Corporation, the Glenn Research Center, and the U.S. Air Force Research Laboratory atEdwardsAir Force Base, with additional mission support from the U.S. Air Force Space and Missile Systems Center at Kirkland Air Force Base and NASA's Kennedy Space Center. GPIM is a Technology Demonstration Mission under the leadership of NASA's Office of the Chief Technologist (OCT).

"Ball is well known for innovative technology solutions and proud to be in partnership with OCT to advance space technology," said David L. Taylor, Ball Aerospace president and CEO. "This mission brings together a government-industry team from multiple agencies to develop a fully domestic green propellant solution for the next generation of space flight."

The GPIM will be developed over the next three years and launched in 2015. The purpose of employing green fuel alternatives is to reduce environmental impact and operational hazards, and improve launch processing capabilities. While the current use of hydrazine is efficient, the fuel is highly toxic and dangerous to transport. The GPIM demonstration will provide the aerospace community with a new system-level capability for future missions using a green alternative.

Ball Aerospace & Technologies Corp. supports critical missions for national agencies such as the Department of Defense, NASA, NOAA and other U.S. government and commercial entities. The company develops and manufactures spacecraft, advanced instruments and sensors, components, data exploitation systems and RF solutions for strategic, tactical and scientific applications. For more information visit http://www.ballaerospace.com.

Ball Corporation (BLL) 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 more than 14,500 people worldwide and reported 2011 sales of more than $8.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.

Forward-Looking Statements

This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission, including Exhibit 99.2 in our Form 10-K, which are available on our website and at http://www.sec.gov. Factors that might affect our packaging segments include fluctuation in product demand and preferences; availability and cost of raw materials; competitive packaging availability, pricing and substitution; changes in climate and weather; crop yields; competitive activity; failure to achieve anticipated productivity improvements or production cost reductions; mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange rates or tax rates. Factors that might affect our aerospace segment include: funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts. Factors that might affect the company as a whole include those listed plus: accounting changes; changes in senior management; the recent global recession and its effects on liquidity, credit risk, asset values and the economy; successful or unsuccessful acquisitions; regulatory action or laws including tax, environmental, health and workplace safety, including U.S. FDA and other actions affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; governmental investigations; technological developments and innovations; goodwill impairment; antitrust, patent and other litigation; strikes; labor cost changes; rates of return projected and earned on assets of the company's defined benefit retirement plans; pension changes; uncertainties surrounding the U.S. government budget and debt limit; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or other effects.

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Ball Aerospace Leads Green Propellant Technology Demonstration Mission for NASA

MOBILE, Alabama -- The July announcement of an Airbus final assembly plant in Mobile leaves the region with an unanswered question: Can a new top-tier aerospace employer co-exist with existing mid-wage companies in the same industry?

The recent back-and-forth between Mobile and Pensacola over ST Aerospace Mobile brings the issue into focus.

Earlier this month, Pensacola Mayor Ashton Hayward said he expects that an aerospace company now operating in Mobile will expand to his city.

He did not identify the company, but speculation has centered on ST Aerospace Mobile, and officials with that company have confirmed meeting with Pensacola officials.

One of the city's largest industrial employers, ST Aerospace has about 1,500 workers at Brookley Aeroplex, where it maintains and overhauls large airplanes.

Ed Castile, director of Alabama Industrial Development Training program, said it's good to have jobs at a wide range of pay levels within the same industry sector. But, he said, it's also typical that existing companies are nervous when larger industry players such as Airbus or Mercedes Benz come to an area.

"They're concerned they'll lose people, and if the new company pays more per hour, they may lose some employees," he said. "But I think that just by Airbus being there, companies are going to be propelled into other business. All boats are going to rise in this water."

Castile, who is working now with ST Aerospace to find sheet-metal technicians, said he doesn't know what the company will do, but doesn't believe it will leave Mobile.

Airbus Americas spokesperson Mary Anne Greczyn said the company hopes not to take anyone from businesses already in Mobile, but to help grow the workforce and existing companies.

"Our intention is not to disrupt, our intention is to grow the town," she said. "We hope our presence will bring even more companies to the region and more jobs outside of the jobs Airbus will be offering."

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Airbus may lift aerospace workforce

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

The American Institute of Aeronautics and Astronautics (AIAA) will hold its inaugural Complex Aerospace Systems Exchange (CASE) September 1113 at the Pasadena Convention Center, Pasadena, Calif. Co-located with the AIAA SPACE 2012 Conference & Exposition, CASE focuses across aerospace, addressing complex programs and projects in both the aviation and space domains.

CASE is an event where chief engineers, systems engineers, and program managers will come together to discuss real problems they face every day running engineering projects, said Mike Griffin, president of AIAA, and the conferences executive chair. We are trying a new format that emphasizes audience participation, with panels instead of papers. Our intent is that people who come to CASE will acquire knowledge and shared experiences that will have immediate value back at the office.

To stimulate discussion and the exchange of best practices among attendees, CASE will offer three tracks of discussion focused on the aerospace systems enterprise: Complex Systems Development; Integration, Test, and Verification of Complex Systems; and Program Management of Robust and Resilient Systems. The track structure will allow attendees to hear multiple perspectives on complex systems issues, helping them to tackle complex problems such as minimizing cost overruns and delays, and mitigating late test failures.

The general chair of CASE is Laura McGill, deputy vice president of engineering, Raytheon Missile Systems, and AIAA vice president for standards. Program chairs include Allen Arrington, engineering manager, Sierra Lobo Inc., and AIAA director-technical, Engineering and Technology Management Group; Paul Collopy, deputy director, University of Alabama Huntsville Center for System Studies; and Abdi Khodadoust, senior manager, Phantom Works, The Boeing Company.

For more information or to register for CASE, please visit http://www.aiaa.org/CASE or contact Duane Hyland at 703.264.7558 or duaneh@aiaa.org. Media registration for the conference is complimentary for credentialed members of the press.

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 Complex Aerospace Systems Exchange (CASE) Set for September 11–13

16-08-2012 15:59 Southeast Aerospace was founded in south Florida in 1993 as a parts distributor, added a Part 145 repair station in 1995, and moved to Melbourne FL in 1997. SEA provides a unique combination of avionics & instrument parts distribution (New & Refurbished), MRO, Aircraft Modifications/Installations, Engineering Services, Kit Fabrication, and Manufacturing. As a leading parts and MRO supplier for many years, SEA has significantly grown and expanded our capabilities in the area of custom aerospace solutions including but not limited to special mission project management, avionics kit fabrication, structural manufacturing, and custom DER engineering services. We are a very diverse and multifaceted company not only in our product and service offerings but our market focus and personnel. Our market reach covers most of the world. SEA's personnel represent the skill set and experience to effectively carry out these activities.

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Southeast Aerospace: Who We Are - Video

16-08-2012 23:13 Video for Next Generation of Astronomy day at Ball Aerospace. Aug. 15, 2012.

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Ball Aerospace Astronomy - Video

By Kyunghee Park and Seonjin Cha - 2012-08-16T08:17:04Z

Korea Aerospace Industries Ltd. (047810) shareholders only drew interest from Korean Air Lines Co. as they seek to sell a 1.1 trillion won ($970 million) stake, threatening to derail the process.

The shareholders extended a registration deadline until Aug. 31 from today as they seek another potential bidder, said an official at state-run Korea Finance Corp., who declined to be identified citing company policy. They will decide whether to proceed after that, he said. At least two bids are needed because of rules governing sales by government entities.

Concerns about the impact of a looming presidential election may have deterred bidders even as North Koreas militarization and rising defense spending in emerging markets spur demand for Korea Aerospaces helicopters and T-50 trainers jets, said Justin Lee, a Seoul-based analyst at Nomura Holdings Inc. The government last month didnt get any bids for a stake in Woori Finance Holdings Co. (053000), the countrys biggest financial services group by assets.

Extending the deadline wont change the picture, Lee said. The political situation will continue to be a burden for the deal.

About 1,600 workers also protested against the sale outside Korea Finances offices today in Seoul, according to the planemakers biggest union.

Korean Air said it had registered its interest as it tries to expand its aerospace business. The company, which already makes parts for Airbus SAS and Boeing Co., didnt say how much it would offer for the Korea Aerospace stake. The sale is being managed by Korea Development Bank and Credit Suisse AG.

Bidders still have until Aug. 31 to make formal offers, Korea Finance said. The company is offering part of its 26 percent stake in Sacheon-based Korea Aerospace in the sale. It plans to remain the second-biggest shareholder. Hyundai Motor Co. (005380), Samsung Techwin Co. and Doosan Group are each looking to offload 10 percent holdings. The planemaker has a market value of $2.37 billion, according to data compiled by Bloomberg.

The planemaker advanced 1.1 percent to close at 27,550 won in Seoul. Korean Air fell 0.6 percent to 50,300 won.

Lawmakers have objected to the sale because of concerns about transparency. Korea Finance is acting hastily and placing the planemaker under private control may weaken public accountability, Chyung Ho Joon of the Democratic United Party said during a July 30 meeting of the National Policy Committee, a parliamentary body that oversees Korea Finance and other agencies.

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Korea Aerospace Stake Sale May Fail as Election Deters Bidders

NEW YORK, Aug. 16, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

http://www.reportlinker.com/p0884263/Global-Aerospace-Industry-Outlook-2015.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Aerospace

In the past few years, the global aerospace industry has witnessed an impressive growth, with the civil aviation segment emerging as the major contributor to its expansion. The US and European countries are the dominant markets for aerospace industry, and acting as catalyst for the overall growth. The global aerospace industry is forecasted to register CAGR of around 2.5% during 2012-2015.

As per our new research report, "Global Aerospace Industry Outlook 2015", the aerospace industry has globally emerged as a highly potential market, even after the recession. In order to apprise our clients about the direction in which the aerospace industry is likely to progress in the coming years, we have presented the forecasts for global, civil, and military aerospace industry till 2015. The overall study also provides the regional-level analysis of developed markets.

Moreover, our study has found that US represents the biggest aerospace market in the world, followed by France, UK, Germany and Canada. In near future, developing nations, like China, India, Mexico, and Brazil are expected to emerge as potential marketplaces for aerospace products.

On studying the market trends and drivers, we found how growing air traffic and increasing merger & acquisition activities are adding growth to this strong industry. Our report provides an extensive research and objective analysis of the global aerospace market, and its various segments, including civil and military aerospace. In addition, the report entails a detailed analysis of the industry in terms of developed and emerging markets. Our research work contains information on the key players such as Business Description and Recent Developments which will help clients assess opportunities existing in the global aerospace market, and formulate appropriate strategies.1. Analyst View2. Research Methodology3. Global Aerospace Industry Overview3.1 Civil Aerospace Industry3.1.1 By Region3.1.2 By Segment3.1.3 By Market Leaders3.2 Military Aerospace Industry3.2.1 By Region3.2.2 By Segment3.2.3 By Market Leaders4. Aerospace Industry by Region4.1 Developed Markets4.1.1 United States4.1.1.1 By Segment4.1.1.2 By Trade4.1.2 Canada4.1.2.1 By Segment4.1.2.2 By Trade4.1.3 Japan4.1.3.1 By Segment4.1.3.2 By Trade4.1.4 UK4.1.4.1 By Segment4.1.4.2 By Trade4.1.5 France4.1.5.1 By Segment4.1.5.2 By Trade4.1.6 Germany4.1.6.1 By Segment4.1.6.2 By Trade4.2 Emerging Markets4.2.1 China4.2.2 India4.2.3 Brazil4.2.4 Mexico5. Industry Trends & Drivers5.1 Rising Air Traffic Growth5.2 M&A Activities on the Rise5.3 Increased Use of Green Technologies5.4 High-skilled Engineers6. Key Players Analysis6.1 The Boeing Company6.1.1 Business Description6.1.2 Recent Developments6.2 EADS NV6.2.1 Business Description6.2.2 Recent Developments6.3 United Technologies Corporation6.3.1 Business Description6.3.2 Recent Developments6.4 Lockheed Martin Corporation6.4.1 Business Description6.4.2 Recent Developments6.5 Northrop Grumman Corporation6.5.1 Business Description6.5.2 Recent Developments6.6 General Electric Company6.6.1 Business Description6.6.2 Recent Developments6.7 BAE Systems Plc.6.7.1 Business Description6.7.2 Recent Developments

List of Figures:

Figure 3-1: Global - Aerospace Industry (Billion US$), 2010-2015Figure 3-2: Global - Aerospace Industry by Segment (%), 2011Figure 3-3: Civil Aerospace Industry (Billion US$), 2010-2015Figure 3-4: Civil Aerospace Industry by Region (%), 2011 & 2015Figure 3-5: Civil Aerospace Industry by Segment (%), 2011 & 2015Figure 3-6: Military Aerospace Industry (Billion US$), 2010-2015Figure 3-7: Military Aerospace Industry by Region (%), 2011 & 2015Figure 3-8: Military Aerospace Industry by Segment (%), 2011 & 2015Figure 4-1: US - Aerospace Industry (Billion US$), 2010-2015Figure 4-2: US - Aerospace Industry by Segment (%), 2011Figure 4-3: US - Aerospace Industry Exports & Imports (Billion US$), 2009-2011Figure 4-4: US - Aerospace Industry Exports by Segment (%), 2011Figure 4-5: US - Aerospace Industry Imports by Product (%), 2011Figure 4-6: US - Aerospace Industry Exports by Country (%), 2010Figure 4-7: US - Aerospace Industry Imports by Country (%), 2010Figure 4-8: Canada - Aerospace Industry (Billion CAD), 2010-2015Figure 4-9: Canada - Aerospace Industry by Segment (%), 2010Figure 4-10: Canada - Aerospace Industry Exports & Imports (Billion CAD), 2009-2011Figure 4-11: Canada - Aerospace Industry Exports by Country (%), 2011Figure 4-12: Canada - Aerospace Industry Imports by Country (%), 2011Figure 4-13: Japan - Aerospace Industry (Billion Yen), 2010-2015Figure 4-14: Japan - Aerospace Industry by Segment (%), 2009Figure 4-15: Japan - Aerospace Industry Exports & Imports (Billion Yen), 2008 & 2009Figure 4-16: Japan - Aerospace Industry Exports by Product (%), 2009Figure 4-17: Japan - Aerospace Industry Imports by Product (%), 2009Figure 4-18: Japan - Aerospace Industry Exports by Country (%), 2009Figure 4-19: Japan - Aerospace Industry Imports by Country (%), 2009Figure 4-20: UK - Aerospace Industry (Billion ), 2010-2015Figure 4-21: UK - Aerospace Industry by Segment (%), 2010Figure 4-22: UK - Aerospace Industry Exports & Imports (Billion ), 2008 & 2009Figure 4-23: France - Aerospace Industry (Billion Euro), 2010-2015Figure 4-24: France - Aerospace Industry by Segment (%), 2010Figure 4-25: France - Aerospace Industry Exports & Imports (Billion Euro), 2008 & 2009Figure 4-26: Germany - Aerospace Industry (Billion Euro), 2010-2015Figure 4-27: Germany - Aerospace Industry by Segment (%), 2011Figure 4-28: Germany - Aerospace Industry Exports (Billion Euro), 2009-2011Figure 4-29: China - Air Passenger Traffic (Million), 2010-2015Figure 4-30: China - Aviation Industry Exports & Imports (Billion US$), 2008-2010Figure 4-31: India - Aerospace Industry (Billion US$), 2011-2015Figure 4-32: India - Exports & Imports of Aircraft, Spacecraft and Parts (Million US$), FY 2009 to FY 2011Figure 4-33: Brazil - Aerospace Industry (Billion US$), 2010-2015Figure 4-34: Brazil - Aerospace Industry by Segment (%), 2010Figure 4-35: Brazil - Aerospace Industry Exports (Billion US$), 2008-2010Figure 4-36: Mexico - Aerospace Industry (Billion US$), 2010-2015Figure 4-37: Mexico - Aerospace Industry Exports & Imports (Million US$), 2008-2011

List of Tables:

Table 3-1: R&D Expenditures by Major Aerospace Companies (Million US$), 2010Table 3-2: New Aircraft Models Scheduled for First Delivery (2013 to 2020)Table 3-3: Civil Aerospace Industry by Market Players (Million US$)Table 3-4: Military Expenditure by Major Country (Billion US$), 2010Table 3-5: Military Aerospace Industry by Market Players (Million US$)Table 5-1: Airport Passengers & Traffic Growth by Region (2011)Table 5-2: Global Aerospace Deals (Billion US$), 2011

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Global Aerospace Industry Outlook 2015

The Aerospace Futures Alliance made its first-ever political endorsement last month by the shores of Lake Union, basing its stand on education reform proposals by Republican gubernatorial candidate Rob McKenna.

McKenna was given a podium, although sitting in front of it was David Goldstein (aka Goldy) of The Stranger, the McKenna campaigns least-welcome reporter.

The industry group has, apparently, decided to spread its bets rather than doubling down. It has decided to endorse both McKenna and Democrat Jay Inslee, according to a report by Jim Brunner in The Seattle Times.

The official explanation has something to do with board members believing that Inslee was not available for an interview, and that he was finally able to sit down with them.

The unofficial word, noted by Brunner, is that powerful Democrats did not like the one-track endorsement. When Boeing won the U.S. Defense Dept. refueling tanker contract a generator of 11,000 jobs Inslee raised hands in triumph with Sens. Maria Cantwell and Patty Murray, D-Wash.

McKenna was asked by Jerry Cornfield of the Herald in Everett if the dual support carries less luster than the one-candidate endorsement.

Yes, he replied.

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Aerospace group takes both sides in governor’s race

XCOR Aerospace will build rocket engines and potentially a suborbital spacecraft at Kennedy Space Center in a move that brings Brevard County 152 space industry jobs and a prominent place in the burgeoning space tourism industry.

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XCOR Aerospace landing in Florida

MOBILE, Alabama -- Despite a challenging economic environment, Singapore Technologies Aerospace on Tuesday reported a 3 percent earnings increase in its second quarter.

The aircraft maintenance company in Mobile said earnings before interest and tax were 65.2 million Singapore dollars ($52.2 million), up 3 percent from 63 million in 2011.

Also on Tuesday, Singapore Technologies Engineering Ltd., the parent company of Mobile's ST Aerospace and Pascagoula's VT Halter Marine, reported a 9.7 percent rise in second quarter profit.

The defense contractor reported a net profit of 143.1 million Singapore dollars ($114.9 million) compared with 130.5 million Singapore dollars a year earlier. The company said its gains were due to higher contributions from its electronics, marine and land systems business.

Revenue for ST Aerospace for the quarter fell 2 percent to 494 million Singapore dollars from 504 million in the same quarter last year, while revenue for ST Engineering rose 5.8 percent to 1.57 billion Singapore dollars ($1.25 billion).

For the first half of the year, ST Engineering had a net profit of 277.5 million Singapore dollars ($222 million), a 14.8 percent increase compared to the same period in 2011.

The company also said barring unforeseen circumstances, it expects to have higher revenue and profit before tax this year compared with 2011.

ST Aerospace Mobile employs about 1,500 at Brookley Aeroplex, where it maintains and overhauls large airplanes. VT Halter Marine, which employs 1,800 at shipyards in Pascagoula, Moss Point and Escatawpa, is an arm of ST Engineering's marine branch, ST Marine.

Earlier this month, Vision Technologies Aerospace Inc., the aerospace arm of ST Engineering, halted its $49.7 million acquisition of Pemco's Tampa aerospace maintenance facility after some closing conditions could not be fulfilled by the seller before the closing deadline.

ST Engineering announced in June that VT Aerospace made a bid for the maintenance facility and Pemco's Boeing 737 freighter conversion Supplemental Type Certificates at a bankruptcy auction.

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ST Aerospace posts higher profit but lower revenue for 2Q

FARMINGTON, Conn., Aug. 15, 2012 /PRNewswire-iReach/ -- The US and European countries are the dominant markets in the aerospace industry, and act as catalyst for overall growth. In fact, the US represents the biggest aerospace market in the world, followed by France, UK, Germany and Canada. In a recent report released by the Aerospace Industries Association (AIA), nationwide sequestration set to be triggered in less than 5 months could result in astronomical budget cuts to the US Federal Aviation Administration operations roughly amounting to annual losses of $80 billion from the national GDP. Moreover, the automatic spending cuts are estimated to drop passenger enplanements by more than 50% and reduce transported air freight by one billion pounds. The report Global Industry Aerospace Industry Outlook to 2015, now available from Global Information Inc., finds that upward trends of air traffic is paramount to maintaining strong growth in the this industry.

(Photo: http://photos.prnewswire.com/prnh/20120815/CG58119)

Theoretically, reducing air activity through sequestration could reduce total tons of emissions, which achieves a major aim of the Next Generation Air Traffic Control System (NextGen) to be implemented in 2025 if budget cuts are carried through. If Congress does decide to proceed with sequestration, players in the US aerospace industry may need to turn to private equity firms for financing. "Analysis of Private Equity and Venture Capital Investment Trends in the North American Aerospace and Defense Industry," now available from Global Information Inc., covers key opportunities in aerospace and defense that financial and strategic investors are likely to capitalize on.

Global Aerospace Industry Outlook 2015

The US represents the biggest aerospace market in the world, followed by France, UK, Germany and Canada. In the near future, developing nations, like China, India, Mexico, and Brazil are expected to emerge as potential marketplaces for aerospace products.

The study finds that growing air traffic and increasing merger & acquisition activities are adding growth to this strong industry. The report provides an extensive research and objective analysis of the global aerospace market, and its various segments, including civil and military aerospace. In addition, the report entails a detailed analysis of the industry in terms of developed and emerging markets. The research contains information on key players such as Business Description and Recent Developments which will help clients assess opportunities existing in the global aerospace market, and formulate appropriate strategies.

An Executive Summary of this analysis, full table of contents, and a free sample of the full report are available at http://www.giiresearch.com/report/rnc243952-global-aerospace-industry-outlook.html

Analysis of Private Equity and Venture Capital Investment Trends in the North American Aerospace and Defense Industry

Illiquid investments and long gestation periods among other financing challenges for Aerospace and Defense industry

This research service covers the private equity and venture capital investment trends in the Aerospace & Defense (A&D) industry. The objective of the study is to provide both financial and strategic investors information pertaining to investment opportunities. The output of the study will help in addressing the following points:

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Bleak Economic Outlook for U.S. Aviation Affecting Global Aerospace Industry if Congress Proceeds with Rampant ...

XCOR Aerospace next week will announce plans to build rocket engines and potentially a suborbital spacecraft in Florida, likely at Kennedy Space Center.

The California company expects to create 152 jobs with this operations and manufacturing business, which it will announce at 10 a.m. on Aug. 23 at the Astronaut Encounter Theater at the Kennedy Space Center Visitor Complex.

An invitation to the announcement says XCOR will establish its new business in Florida, and the only Florida site the company has seriously scouted was KSC.

Reached earlier today, an XCOR spokesman declined to comment beyond the invitation.

The company has been racking up cash and incentives in Florida over the past few years.

Space Florida, the states space economic development group, has committed to investing up to $3 million in XCOR. And in late July, Brevard County commissioners approved $182,400 in incentives to help the company open a facility at KSCs Shuttle Landing Facility. According to the company, the project would include hangar and flight operations, vehicle manufacturing, engine assembly and space tourism elements.

(KSC last week issued a request for commercial proposals to use the 15,000-foot runway at the Shuttle Landing Facility.)

The county incentives will act as a local match for nearly $1 million worth of state incentives for XCOR under the Florida Qualified Target Industry Tax Refund Program.

A representative from XCOR, which was founded in 1999, told commissioners the company hopes to open its KSC center in October 2014. The 152 technical jobs, created over five years, would have an average wage of $60,833.

XCOR builds, tests, sells and operates reusable, rocket-powered space vehicles and rocket engines that can be used for suborbital, orbital and deep-space applications. It hopes to launch small satellites to low-earth orbit from Florida, as well as having a role in environmental and military-related missions. The company is designing a second stage engine for United Launch Alliance, which operates at Cape Canaveral Air Force Station.

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XCOR Aerospace headed for Florida

Hamilton planemaker Pacific Aerospace has broken into the monster emerging China general aviation market, selling 15 aircraft in a deal worth about $37 million.

The airport-based company a year ago had to lay off 27 people because of falling sales due to the economic downturn, and though chief executive Damian Camp said it was too early to know if the Chinese deal could see hiring start again, the potential sales numbers around the China market "look quite silly".

The Chinese Government had cited general aviation - all aviation other than commercial, military and passenger - as a key growth sector, Camp said.

"No-one really knows how big the market could be other than it will be really big.

"There's a lot of infrastructure issues to work out yet because general aviation does not exist in China currently."

Pacific Aerospace's first customer in China is Xi'an Yanliang National Aviation High-Tech Industrial Base (CAIB).

CAIB will be its partner and exclusive sales representative for sales of Pacific Aerospace's P-750s XSTOL aircraft in China, which the Hamilton company promotes as the world's best short takeoff and landing single-engine plane.

The deal is for Pacific Aerospace to supply 15 of the aircraft over the next three years.

The process of getting the aircraft certified in China is under way, and Camp is hopeful the first five aircraft can be delivered after Christmas. There were no plans to shift manufacturing from Hamilton.

Camp said CAIB approached Pacific Aerospace after China started "putting feelers out" for help in creating a general aviation sector.

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Pacific Aerospace signs $37m Chinese deal

TORONTO, Aug. 13, 2012 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the second quarter of 2012. All amounts are expressed in Canadian Dollars unless otherwise indicated. The results are summarized as follows:

The Corporation has included certain measures in this news release, including EBITDA, the terms for which are not defined under International Financial Reporting Standards. The Corporation defines EBITDA as earnings before interest, dividends on preference shares, taxes, depreciation and amortization and non-cash charges. The Corporation has included these measures, including EBITDA, because it believes this information is used by certain investors to assess financial performance and EBITDA is a useful supplemental measure as it provides an indication of the results generated by the Corporation's principal business activities prior to consideration of how these activities are financed and how the results are taxed in various jurisdictions. Although the Corporation believes these measures are used by certain investors (and the Corporation has included them for this reason), these measures may not be comparable to similarly titled measures used by other companies.

OVERVIEW

Magellan is a diversified supplier of components to the aerospace industry and in certain circumstances for power generation projects. Through its wholly owned subsidiaries, Magellan designs, engineers, and manufactures aeroengine and aerostructure components for aerospace markets, advanced products for military and space markets, and complementary specialty products. The Corporation also supports the aftermarket through supply of spare parts as well as performing repair and overhaul services and supplies in certain circumstances parts and equipment for power generation projects.

The Corporation's strategy has been to focus on several core competencies within the aerospace industry. These include precision machining of a wide variety of aerospace material, composites, complex high technology magnesium and aluminum alloy castings, repair and overhaul technologies and design of structures. The Corporation is now seeking to leverage these core competencies by achieving growth in applications where these abilities are critical in meeting customer needs.

BUSINESS UPDATE

Results for the second quarter of 2012 improved over those reported in the second quarter of 2011. Revenues reflected a decrease primarily as a result of the timing of revenues in the power generation project segment.

Business development activity increased during the quarter as the Corporation continues to leverage its core expertise to develop integrated solutions for its customers. This was demonstrated by recent contract awards that seamlessly utilize the capabilities of two or more Magellan operating units to offer a higher value-added product to the customer.

At the recent Farnborough International Air Show, Magellan met with major customers and received favourable reaction to its re-branding campaign and to the strategic direction of the Corporation. The Corporation also announced at the show, a contract extension agreement worth 370 million with Airbus, covering aluminum and titanium wing structure components for use on A320, A330, and A380 aircraft. This significant contract complements the new A350 XWB contracts that Magellan has been awarded and secures Magellan as a supplier on every Airbus commercial program. Additionally, in the second quarter of 2012, the Corporation announced a significant ten year contract extension with Boeing. Based on current market forecasts it is expected that this contract in support of the full family of Boeing airliners will support annual revenues exceeding $80 million.

Magellan is an industry partner in the global F-35 Lightning II aircraft program. At a recent production readiness review for the Horizontal Tail Program with BAE, Lockheed Martin, and the US Government, Magellan was recognized for successfully transitioning the program production and assembly activities into a new Advanced Composite Manufacturing Centre as well as for the quality of production. As of June 30, 2012 the multi-role fighter had conducted 595 test flights in 2012 versus a plan of 445 and for the 18th consecutive month, the test program remained ahead of plan. Concerns with the development of the F-35 Program are in decline and the production readiness of the supply chain is increasing due to the steady progression in achieving key program milestones.

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Magellan Aerospace Corporation Announces Financial Results

BOULDER, Colo., Aug. 13, 2012 /PRNewswire/ --Ball Aerospace & Technologies Corp. will incorporate essential data communication enhancements for the Joint Polar Satellite System (JPSS-1), currently under development for an early 2017 launch.

(Photo: http://photos.prnewswire.com/prnh/20120813/LA56182)

JPSS is the Nation's next generation polar-orbiting operational environmental satellite system, procured by the National Oceanic and Atmospheric Administration (NOAA), through the National Aeronautics and Space Administration (NASA). JPSS will provide continuity of observations for accurate weather and storm forecasting, vertical profiles of temperature and moisture, global measurements of atmospheric and oceanic conditions, and ozone measurements.

Ball Aerospace built Suomi National Polar-orbiting Partnership the first of the JPSS-class satellites - using the IEEE 1394 (FireWire) and MIL-STD 1553 data networks to support the five-instrument payload suite. For JPSS-1, Ball is converting the NPP spacecraft design from 1394 to a SpaceWire databus protocol for use by the Cross-track Infrared Sounder (CrIS) and the Visible/Infrared Imager Radiometer Suite (VIIRS) instruments. The high-speed (>200Mbp) on-board communications provided by SpaceWire mitigates 1394 obsolescence risks at the JPSS program level and can be incorporated without risking schedule. The SpaceWire databus is a point-to-point cable bus based on the IEEE 1355 standard and has successfully flown on other NASA and international space agency missions.

Ball Aerospace will also modify JPSS-1 to improve reliability and flexibility for operations by replacing the primary X-band Science Mission Data (SMD) downlink with a Ka-band telecom system transmitting to the ground communication system.A backup Ka-band SMD downlink system will be added, transmitting to NASA's Tracking and Data Relay Satellite System (TDRSS), which offers possible future cost avoidance and latency improvements.

Ball is under contract to NASA's Goddard Space Flight Center to design and build the JPSS-1 satellite bus, the Ozone Mapping and Profiler Suite (OMPS) instrument, integrate all instruments, and perform satellite-level testing and launch support. The JPSS-1 spacecraft is a member of the BCP family of spacecraft designed for cost-effective, remote sensing applications. The JPSS-1 spacecraft bus is the twelfth spacecraft built by Ball Aerospace on the BCP core architecture. In all, this architecture has more than 50 years of successful on-orbit operations.

The Joint Polar Satellite System (JPSS) provides global weather forecasts and long-term environmental monitoring critical to public safety, and economic and national security. JPSS will operationalize the advanced technologies currently being demonstrated on Suomi NPP, to provide enhanced Earth-observing information and environmental data. JPSS development is progressing smoothly, with an early 2017 launch anticipated for the first satellite in the JPSS series.

Ball Aerospace & Technologies Corp. supports critical missions for national agencies such as the Department of Defense, NASA, NOAA and other U.S. government and commercial entities. The company develops and manufactures spacecraft, advanced instruments and sensors, components, data exploitation systems and RF solutions for strategic, tactical and scientific applications. For more information visit http://www.ballaerospace.com.

Ball Corporation (BLL) 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 more than 14,500 people worldwide and reported 2011 sales of more than $8.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.

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Ball Aerospace Incorporates Enhanced Data Communication for JPSS-1 Satellite

ABBOTSFORD, British Columbia, Aug. 10, 2012 /PRNewswire/ -- Lockheed Martin (LMT) announced today at the 50th anniversary Abbotsford International Air Show that Cascade Aerospace will be authorized as a C-130 Heavy Maintenance Center (HMC) only the second such center in the world. Cascade is currently a Hercules Service Center (HSC) and conducts in-service support for Canada's legacy CC-130 and new CC-130J fleets.

"During its time as an existing Hercules maintainer, Cascade has demonstrated it has both the capability and process integrity to be certified as a C-130 Heavy Maintenance Center," said George Shultz, Lockheed Martin vice president and general manager for C-130 programs. "As we see worldwide interest in C-130 support expand, it is incumbent upon us to ensure that qualified and experienced companies support the Hercules community. Cascade is dedicated to supporting Canada's CC-130 fleet and authorizing its role as an HMC provider is a natural step in our overall partnership."

"We are honored to receive this prestigious status from Lockheed Martin," said David Schellenberg, Cascade Aerospace CEO. "We are privileged to have Lockheed Martin's respect and credibility behind it, and to be positioned as one of only two C-130 HMCs in the world. With more than 1,450 C-130s currently operating in 65 countries around the globe as well as Lockheed Martin's C-130J delivery backlog and strong order book this much-appreciated standing will significantly increase the international opportunities for Cascade Aerospace."

Lockheed Martin delivered Canada's 17th CC-130J aircraft to the Royal Canadian Air Force at 8 Wing Trenton earlier this year, completing the order Canada placed in December 2007 and delivering the aircraft on budget and three months ahead of schedule. Cascade's team supports the day-to-day activities of both the CC-130J and legacy model aircraft at 8 Wing Trenton, the hub of air mobility operations in Canada.

Lockheed Martin awarded a 20-year contract in 2010 to Cascade for maintenance services to support Canada's new CC-130Js. Cascade also provides fleet management services directly to the RCAF for their legacy model C-130 fleet. Cascade is one of only two Lockheed Martin-authorized Hercules Service Centers in the western hemisphere and one of 13 worldwide. An HMC is one that is authorized to do work on the new C-130J aircraft whereas an HSC is authorized to do work on the legacy C-130B-H aircraft.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion.

For additional information, visit our websites:http://www.lockheedmartin.com http://www.codeonemagazine.com

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Lockheed Martin To Authorize Canada's Cascade Aerospace As A C-130 Heavy Maintenance Center

The Goodrich acquisition makes UTC one of the largest suppliers of systems and services for the aerospace industry and positions it firmly for a larger share of the growth anticipated in commercial aerospace industry over the next couple of decades.

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United Technologies Can Fly Past $100 With Broader Aerospace Reach

ABBOTSFORD, BC, Aug. 9, 2012 /CNW/ - David Schellenberg, Chairman of the Aerospace Industries Association of Canada (AIAC) and President and CEO of Cascade Aerospace and the Conair Group stated today that the outcome of the current Aerospace Review led by the Honourable David Emerson will be critical to the future of the Canadian aerospace industry.

During a keynote speech at the Abbotsford Aerospace and Defence Expo, which coincided with the 50th Abbotsford Air Show, Schellenberg stated that "although Canada is a world leader in aerospace, several nations around the world really want a piece of our high-tech, knowledge based industry. Our market share is definitely under threat."

"I want to sincerely thank the Harper government and particularly Minister Christian Paradis for the vision they demonstrated in launching [the Aerospace] Review," Schellenberg said. "But the work is only beginning. There will be a need for a significant overhaul of policies and programs if we are to remain competitive and keep creating high paying, long-term jobs for Canadians from coast to coast."

Schellenberg commented that implications for the Aerospace Review go beyond the aerospace industry, and that the aerospace industry looks forward to working with the government at getting this right for the benefits of all Canadians. "A nation which excels at aerospace can excel at anything." he concluded.

For a full version of the speech please visit http://www.aiac.ca.

The AIAC is the national association representing Canada's aerospace manufacturing and services sector. As the world's fifth-largest aerospace industry, Canada's aerospace sector generates than $22 billion and employed 87,000 Canadians. Nearly three quarters of Canadian aerospace products are exported. AIAC represents the interests of 500 aerospace companies across Canada.

SOURCE: Aerospace Industries Association of Canada

Maryse Harvey Vice-President Public Affairs Aerospace Industries Association of Canada 613 760-4562 mharvey@aiac.ca

Kristen VanderHoek Director of Communications Aerospace Industries Association of Canada 613 232-4297 x225 kvanderhoek@aiac.ca

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Schellenberg: Outcome of Aerospace Review Will Be Vital to Industry's Future

ABBOTSFORD, BRITISH COLUMBIA--(Marketwire -08/09/12)- The Honourable Lynne Yelich, Minister of State for Western Economic Diversification, provided opening remarks today at the 2012 Abbotsford Aerospace and Defence Expo and met with key western Canadian aerospace, defence and marine stakeholders, reaffirming the Harper Government's commitment to these sectors and their importance to the Canadian economy.

Western Economic Diversification Canada (WD) provided $75,000 to support the Aerospace and Defence Expo, which brings together large international companies with small and medium sized businesses from Western Canada. The Expo features a number of opportunities designed to showcase western Canadian capabilities and facilitate strategic partnerships, including an industry tradeshow, networking opportunities and interactive workshops on various topics.

"Our Government is committed to creating the right conditions that will promote the success of Canada's job-creating businesses and industries," said Minister Yelich. "This Expo will help to create important partnerships that will contribute to the prosperity of the western Canadian aerospace, defence and marine sectors."

Since 2006, WD has made significant contributions to support Western Canada's aerospace industry. These investments are creating jobs, growth and long-term prosperity, while helping to ensure that western Canadian companies succeed in the competitive global marketplace.

"The City of Abbotsford is very grateful for the support of Western Economic Diversification in hosting the 2012 Aerospace and Defence Expo at the Abbotsford International Airport," said Mayor Bruce Banman. "Abbotsford is committed to developing the aerospace industry in our City and events like the one today are a key component of making that vision a reality."

Western Economic Diversification Canada works to create jobs and economic growth in the western Canadian economy. By promoting new economic opportunities, WD is securing a more diverse and prosperous future for the West while advancing western interests at the national level.

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Harper Government Supports Aerospace & Defence Expo at the 50th Abbotsford International Airshow

By Christine Idzelis - 2012-08-09T19:40:01Z

B/E Aerospace Inc. (BEAV), a maker of cabin interiors for commercial aircraft and business jets, got a $950 million five-year revolving credit line to replace a $750 million debt pact that was set to expire in 2015.

The new senior secured credit, which matures in August 2017, pays interest at 1.75 percentage points more than the London interbank offered rate, according to a regulatory filing yesterday. The interest rate on the revolver would have been about 2.21 percent had it been drawn on June 30, the company said in the filing.

B/E Aerospace, based in Wellington, Florida, had $1.75 billion of long-term debt consisting entirely of bonds at the end of June, according to the filing.

Moodys Investors Service said today it gave the revolver an investment-grade rating of Baa2, while affirming B/E Areospaces junk-category corporate ranking of Ba1. Standard & Poors, which rates the company BB+, assigned the revolver a BBB grade.

The new revolving credit has a so-called accordion feature allowing the company to request as much as $750 million of additional commitments or term loans, according to Moodys.

In a revolving credit facility, money can be borrowed again once its repaid; in a term loan, it cant.

To contact the reporter on this story: Christine Idzelis in New York at cidzelis@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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B/E Aerospace Increases Credit Line With $950 Million Revolver