Revenue growth helped BE Aerospace (BEAV) reap higher profit in the second quarter.

Earnings and Revenue

The company experienced stronger-than-expected EPS and revenues. The company reported EPS of 69 cents a share versus the 68 cents a share estimate and revenues of $768.1 million versus the $749.8 million estimate. The estimates of 15 analysts ranged from profit of 65 cents to profit of 71 cents.

The company's net income for the quarter was $72.1 million. This is 31.6% higher than the year-ago quarter. Revenue climbed 26.1% from $608.9 million in the same period last year.

Company Fundamental Trends

Last quarter marked the third in a row of rising net income. The company has averaged revenue growth of 25.2% over the past five quarters.

History Against Expectations

The company has now topped analyst estimates for at least the last four quarters. It beat by 8 cents in the first quarter, 4 cents in the fourth quarter of the last fiscal year and 3 cents in the third quarter of the last fiscal year.

Official Comment:

Commenting on the Company's outlook, Mr. Khoury stated, "We are confirming our 2012 full year guidance of $2.75 per diluted share in spite of the approximately $0.13 per share interest expense drag on earnings resulting from our first quarter 2012 $500 million senior notes issuance. The third quarter of 2012 senior notes issuance and tender (exclusive of a one-time charge of approximately $0.55 per share for debt prepayment expense) is expected to be approximately neutral to 2012 EPS. The $2.75 EPS guidance represents earnings per share growth of approximately 23 percent (38 percent on a comparable interest expense and comparable tax rate basis). Our total backlog, both booked and awarded but unbooked, of approximately $8.1 billion, our expectation of significantly higher levels of wide-body aircraft deliveries, the expectation for continued growth in global passenger travel, and the attendant increases in capacity all provide a solid foundation for strong revenue and earnings growth."

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BE Aerospace 2Q Results: Postgame Scorecard

Charles Precourt, Vice President and General Manager, Space Launch Systems, ATK, a speaker at the marcus evans Aerospace & Defense Manufacturing Summit 2012, on becoming more competitive in the sector.

New York, NY, July 23, 2012 - (ACN Newswire) - The aerospace and defense manufacturing sector is an extremely narrow market that is becoming much more competitive, says Charles Precourt, Vice President and General Manager, Space Launch Systems, ATK. In the current economy, this leaves little roomfor error. Nevertheless, products that do not address a market demand have little chance of being successful.

Ahead of the marcus evans Aerospace & Defense Manufacturing Summit 2012, in Las Vegas, Nevada, October 25-26, Precourt, a speaker at the event, shares his thoughts on the aerospace and defense marketplace, innovation and green manufacturing.

- What is your outlook on the aerospace and defense marketplace?

This is an extremely narrow market that is becoming much more competitive. It mostly answers to government defense contracts and programs and at the same time, to purely commercial markets, such as satellites and aircraft for commercial use.

The US government wants to achieve more cost savings and exploit the efficiencies that the commercial market has benefited from, but that requires a more commercial approach that it is not accustomed to. A lot of the products for the government customer base are unique and require special contractual mechanisms, so are not commoditized. The industry needs to help the government exploit these opportunities.

- How could the commercial market achieve more cost savings?

In this economic environment, most companies, including those in the aerospace and defense productmanufacturing sector, have taken similar initiatives: consolidation, becoming more lean, positioning for future growth in the economy and in market demand, reducing quality errors and addressing their ability to deliver higher yields.

We have reduced both our staffing and footprint infrastructure by nearly 50 per cent over the last few years. However, we have been very careful to maintain critical skills and capabilities, so that production can be more cost effective when the market stabilizes and demand returns. It has not been easy, but we have had significant positive results and are much better off business-wise.

- Should the International Traffic in Arms Regulations (ITAR) regulations be revised?

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ATK: Boosting Competitiveness in the Aerospace & Defense Manufacturing Sector

CALGARY, ALBERTA--(Marketwire - July 23, 2012) - FLYHT Aerospace Solutions Ltd. (FLY.V) (the "Company" or "FLYHT") is pleased to announce it has received a Verified Supplemental Type Certification ("VSTC") which will allow for the operation of the Automated Flight Information Reporting System ("AFIRS") 228B in China on CRJ-900 aircraft.

The VSTC is an approval granted by the Civil Aviation Authority of China ("CAAC") and is equivalent to an STC issued by Transport Canada. The full activation VSTC, gives any CRJ-900 customer the ability to install and operate the AFIRS 228 in China. The AFIRS 228 is also certified to operate under the license issued to SKYBLUE Technology Development Ltd. ("SKYBLUE") for use of specific bandwidth for aviation in China. This certification is the culmination of our efforts with our partner and customer to make the FLYHT solution fully compliant with the new satellite communication requirements announced in a SKYBLUE in a press release dated October 9, 2011.

"FLYHT has invested in the China market for more than eight years," comments President & CEO Bill Tempany. "This certification, in addition to the approval for bandwidth in China, gives a total solution to CRJ-900 operators desiring a method of compliance with the satcom mandate in China. It is an important milestone in FLYHT's long term strategy to be the leader in satcom connectivity in China."

Additionally, the CRJ-900 is the first new aircraft to have AFIRS 228 installed prior to delivery to the customer.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS(TM) UpTime(TM), allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream(TM), automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012.

AFIRS, UpTime, FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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FLYHT Aerospace Solutions Ltd. (TSX.V:FLY) Announces First Certification for AFIRS 228 Deployment in China

BOULDER, Colo., July 23, 2012 /PRNewswire/ -- Ball Aerospace & Technologies Corp. congratulates NASA and the United States Geological Survey on the 40th anniversary of the Landsat program and its unparalleled global land surface observation record.

The first Earth-observing Landsat satellite launched on July 23, 1972. Since then, Landsat satellites have continuously collected Earth images to create an historical archive unmatched in quality, detail, coverage and length.

Ball Aerospace will provide its first instruments to help maintain Landsat's legacy when the Operational Land Imager and cryocooler for the Thermal Infrared Sensor (TIRS) are flown on the Landsat Data Continuity Mission (LDCM) mission scheduled to launch in early 2013.

OLI represents a great advancement in Landsat sensor technology by employing a more reliable design to improve performance. OLI's 14-module detector array enables it to scan with a pushbroom method rather than the older sweeping method. The OLI instrument provides 15-meter (49ft.) panchromatic and 30-meter (98 ft) multi-spectral spatial resolutions along a 185km (115 miles) wide swath allowing the entire globe to be imaged every 16 days. Radiometric performance from OLI and the TIRS instrument will be substantially better than any previous Landsat sensor flown.

"The improved key sensor technology will help scientists achieve a greater understanding of the impact of land use change into a fourth decade," said Ball Aerospace president and CEO David L. Taylor. "OLI's sensitivity ultimately provides improved land surface information with fewer moving parts."

The demand for Landsat data continues to rise, with nearly three million scenes downloaded in 2011.

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 Salutes NASA and the USGS on 40 Years of Landsat Observations

FORT COLLINS, Colo. (AP) -- Woodward Inc., which makes controls for the energy and aerospace industries, said on Monday that its third quarter net income fell 27 percent as profits declined in its aerospace segment.

The company earned $28.3 million, or 40 cents per share, for the quarter that ended June 30. That was down from $36.1 million, or 51 cents per share, during the same period last year. Revenue rose 5 percent to $460.2 million, from $438.5 million a year ago.

Profits from its aerospace business fell 39 percent, to $21.5 million, from $35.4 million a year ago. Earnings in its energy segment rose 7 percent to $31.2 million, from $29.3 million a year ago.

Revenue from aerospace fell slightly to $214.5 million, from $215.2 million a year ago. In its energy segment, revenue rose 10 percent to $245.8 million, from $223.2 million a year ago.

Aerospace profits were hurt by lower defense sales and higher spending for product development and improved production. Some of that spending was offset by price increases. Sales to commercial aircraft makers and aftermarket sellers both increased, the company said.

In addition, companywide revenue was shaved by $8 million because of unfavorable foreign exchange rates.

"Ongoing worldwide economic uncertainty is also pressuring sales growth," Chairman and CEO Thomas A. Gendron said.

For the first nine months of the fiscal year, Woodward said its net income has risen 5.4 percent to $95.5 million, or $1.36 per share, from $90.5 million, or $1.29 per share, during the first three quarters of 2011. Revenue rose 9.4 percent to $1.34 billion, from $1.22 billion a year earlier.

Woodward shares had fallen $1.08, or 3.2 percent, to close at $33.26 before the results were released. They rose $1.08 to $34.34 in aftermarket trading.

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Aerospace weakness pulls down Woodward 3Q net

Mon, Jul 23, 2012

Located in the high desert of Albuquerque, New Mexico, SANDIA Aerospace was founded in 1997 by a group of avionics professionals to provide high quality avionics products to General, Corporate and Regional airline markets.

Major product offerings include the company's STX 165 Transponder with Built-in Encoder, SAE 5-35 Altitude Encoder, SAC 7-35 Airdata Computer, Avionics Cooling Fans, and MARC 70 interface modules. SANDIA products are offered worldwide by both avionics modification centers and aircraft manufactures.

Turbo charge your Garmin GNS430, GNS530 or other Navigation Systems with SANDIA Aerospace's SAC 7-35 Airdata Computer. The SAC 7-35 allows you to use all the features designed into these systems, making your flying safer and more economical. You'll quickly see SANDIA Aerospace innovation at work in the SAE5-35 Altitude Encoder. Designed by engineers that are also pilots, the SAE5-35 will surprise you with the well thought out pilot features.

One of the most recently-certified products is the STX 165 Mode A/C Transponder. Designed for GA airplanes with limited panel space, the STX 165 features a built-in encoder, which simplifies installations and lowers cost; three timer functions, pressure altitude display; and OAT probe input

Sandia Aerospace develops products from concept to certification and market, and works with numerous companies to further their product goals. They have the experience and know how to help you meet your company design and certification goals. Sandia's hardware engineers are proficient in Analog and Digital design and have extensive RF experience.

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Cost-Effective OSH2012 Sponsor: Sandia Aerospace

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/2q9l5z/indian_aerospace_s) has announced the addition of the "Indian Aerospace Sector: Industry Profile" report to their offering.

This industry profile helps to gain an insight into the evolution of the industry and competitive dynamics prevalent in the market. It discusses the significant developments in the industry and analyzes the key trends and issues. The profile provides inputs in strategic business planning of industry professionals.

This profile is of immense help to management consultants, analysts, market research organizations and corporate advisors.

The objective and scope of various sections of our industry profile has been discussed below.

Industry Snapshot

This section gives a holistic overview of the industry. It starts with defining the market and goes on to give historical and current market size figures. It also clearly illustrates the major segments of the market which would be discussed later on in the report.

Industry Analysis

It involves a comprehensive analysis of the industry and its market segments. This section discusses the key developments that have taken place in the industry. It also identifies and analyzes the driving factors and challenges of the industry. A description of the regulatory structure tells us about the major regulatory bodies, laws and government policies.

Country Analysis

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Research and Markets: Indian Aerospace Sector: Industry Profile

18-07-2012 22:59 At Bombardier, we consider the protection of health, safety and environment a fundamental responsibility and a value governing all our activities. We are committed to fostering innovative and sustainable operations. We monitor key environmental performance indicators, setting realistic targets and developing concrete initiatives to achieve our goals. It also includes implementing innovative programs like our Bombardier Green Fund, dedicated to leveraging employee insight to improve the environmental efficiency and impact of our operations. 'Operations' is one of the pillars of our Corporate Social Responsibility (CSR) strategy -- you can check out the six pillars on our CSR dedicated website: csr.bombardier.com. About Bombardier Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation. Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2011, we posted revenues of $18.3 billion USD. News and information are available at or follow us on Twitter @Bombardier.

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Bombardier Aerospace: Committed to Health, Safety and the Environment - Video

Aerospace industry executives told the House Armed Services Committee that the government hasnt given them proper insight in how to prepare for proposed budget cuts threatening to hit Pentagon spending.

Under a law approved last year, $500 billion in federal funds of all kinds would be held back "sequestered" until Congress reaches an agreement on reducing the mounting federal deficit.

Although there is much speculation about whether Congress would let those automatic cuts actually occur in January, military contractors are ringing alarms now.

Robert J. Stevens, chief executive of Lockheed Martin Corp., the world's largest defense firm, told the committee Wednesday that his company is trying to prepare for the automatic cuts.

From an industry perspective, because of the specter of sequestration, the near-term horizon is completely obscured by a fog of uncertainty, he said. The impact on industry would be devastating, with a significant disruption to ongoing programs and initiatives, leading to facility closures and personnel reductions that would significantly disrupt advanced manufacturing operations, erode engineering expertise, and accelerate the loss of skills and knowledge.

Although there has been no specificity on what programs will be cut, Stevens estimated that his company would be force to lay off 10,000 people.

The Aerospace Industries Assn., an Arlington, Va.-based trade group, released a study Tuesday that concluded 2.14 million American jobs could be lost if the mandate takes effect.

But last week, the Congressional Budget Office released a report that said even if the automatic cuts were enacted in January, the process would be complicated, but not unbearable.

Accommodating those automatic reductions, in particular, could be difficult for the department to manage because it would need to be achieved in only nine months, the report said. Even with that cut, however, [the Pentagons] base budget in 2013 would still be larger than it was in 2006 (in 2013 dollars) and larger than the average base budget during the 1980s.

Still, Sean OKeefe, chief executive of European Aeronautic Defense & Space's unit, EADS North America, told the Armed Services Committee that the administration must communicate its sequestration implementation plans.

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Aerospace execs tell Congress that 'sequestration' will cost jobs

AUSTIN, Texas -- Clockwork, a global leader of predictive analytic solutions for enterprise asset management (EAM), today announced their Aerospace and Defense product suite designed to improve availability, reduce repair parts inventory and drive down life cycle costs of critical air and ground platforms. The company has significant experience in the Aerospace and Defense sector and has built this product suite to fill the gap in predicting and forecasting parts and maintenance requirements for high these highly valued assets.

"The substantial costs to buy and maintain these platforms, along with tight budgets and increased military demand have put pressure on the Aerospace and Defense industry to develop new strategies to ensure fleet availability without increasing costs," stated Sean Connors, CEO. "Optimizing the life cycle of these expensive mission critical assets addresses these concerns and provides a new innovative approach to managing the bottom line."

The Aerospace and Defense industry is looking for solutions to better manage their operations under restricted budgets. The ability to predict an asset failure, the labor workload associated with fleet maintenance, and the optimized repair parts demand is essential to managing in the current environment. Repair parts and service for a single maintenance request can cost millions, but with Clockwork's products one can minimize cost, maximize uptime, and predict the best time to perform maintenance for these critical platforms:

DESIGN products are predictive analytic offerings that provide defense systems design firms and their military customers the ability to reduce life cycle costs during asset design phases.

DEMAND predictive analytic offerings provide defense logistics planners the ability to improve fleet readiness while reducing repair parts and maintenance costs.

COMMAND predictive analytic offerings are focused on the evaluation, implementation, and ongoing support of a predictive maintenance solution for individual platforms and fleets, assessing and managing the risk of possible component/part failure.

To learn more about Clockwork's experience and detailed product information in the Aerospace and Defense industry visit http://www.clockwork-solutions.com/ae... or email us at info@clockwork-solutions.com.

About Clockwork: Clockwork is a global leader of predictive analytic solutions for enterprise asset management (EAM) that improve availability and reduce repair parts inventory and maintenance costs of capital intensive assets. The company has years of experience serving the needs of the Aerospace and Defense, Energy, Heavy Machinery and Transportation industries by providing cutting edge solutions to help analyze their data, giving them visibility to each phase of an asset's life cycle, resulting in billions worth of savings. For more information visit http://www.clockwork-solutions.com.

CONTACT: Tracey Ellis, +1-952-237-2018, tellis@clockwork-solutions.com

Web Site: http://www.clockwork-solutions.com

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Predictive Analytics Software supports aerospace and defense.

WASHINGTON Sen. Maria Cantwell opened a Senate subcommittee hearing Wednesday afternoon to explore how Boeing and other American aerospace companies can fend off rising competition from China, Brazil, Europe and other global rivals.

But earlier in the day, on the other side of the Capitol, U.S. aerospace executives testified about a more immediate threat from home the looming $1.2 trillion in automatic federal spending cuts over 10 years that would eliminate scores of defense-related jobs.

The dueling House and Senate hearings offered a real-time view of the ways that Congress sometimes seems to work at cross-purposes.

At a morning hearing before the House Armed Services Committee, the heads of Lockheed Martin, EADS North America and two other defense contractors vented their frustration over the automatic spending cuts that will kick in Jan. 2 unless Congress can agree to an alternative.

One witness, Pratt & Whitney President David Hess, went as far as to suggest that Congress consider raising taxes to minimize budget reductions.

Democrats and Republicans have been deadlocked for a year on how to implement deep cuts that the GOP extracted last summer as part of the debate over raising the federal debt ceiling. The automatic cuts, split evenly between defense and nondefense programs, were intended as a poison pill to spur a bipartisan "supercommittee" co-led by Sen. Patty Murray, D-Wash. to forge a more sensible alternative.

But the supercommittee collapsed last November and the two parties are no closer today on just how to avert the cuts. Republicans are intent on preventing what they call "a catastrophic" hit to the Pentagon's budget. Murray and other Democratic leaders are just as insistent the Pentagon shouldn't be protected without equal consideration for cuts slated for education, housing, environmental and other nondefense programs.

Rep. Adam Smith of Tacoma, the top Democrat on the Armed Services Committee, couldn't resist pointing out that lawmakers who believed they could swiftly slash federal spending without economic consequences were wrongheaded.

"It's that attitude that led us to where we are sitting here today," Smith said. "Government spending matters."

A report commissioned by the Aerospace Industries Association (AIA) and released Tuesday concluded that the cuts would trigger the biggest one-year drop in the gross domestic product, about $215 billion, directly and indirectly. The report also projected that more than 2 million jobs would vanish.

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Aerospace industry fears looming defense cut, lack of R&D

BOULDER, Colo., July 19, 2012 /PRNewswire/ --Ball Aerospace & Technologies Corp. will integrate the Total Irradiance Monitor (TIM), to fly aboard the STPSat-3 spacecraft built for the US Air Force (USAF). A cooperative agreement between NASA, NOAA and the USAF will allow the TIM instrument to catch a ride on STPSat-3 to be launched in 2013.

This TIM instrument was originally intended to fly as a space shuttle Hitchhiker payload as part of the University of Colorado, Laboratory for Atmospheric and Space Physics (LASP's) SORCE program. The TIM Hitchhiker instrument will measure the Sun's net energy output or total solar irradiance (TSI), continuing a 35-year climate data record that is a key component in understanding the Earth climate system.

The 2013 flight provides a continuity of measurements between the currently flying NASA SORCE program launched in January 2003, and the Total and Spectral Solar Irradiance Sensor (TSIS) mission that is now part of NOAA's JPSS program. Along with TSIS, the JPSS program incorporates a broad set of critical weather and climate measurements, and includes the nation's next state-of-the-art civil polar weather satellite, JPSS-1, also being built by Ball Aerospace in preparation for a 2017 launch.

"This cost effective solution and rapid schedule will help to mitigate the potential gap left by the loss of the Glory mission in this critically important climate data record," said David L. Taylor, President and CEO of Ball Aerospace. "The STPSat-3 was built in only 47 days, and demonstrated the outstanding flexibility of its standardized interface approach by accommodating additional payloads after the spacecraft was completed."

The TIM instrument will be one of five payloads on board the USAF STPSat-3 spacecraft when it launches aboard a Minotaur I in 2013. The launch will be part of the Operationally Responsive Space enabler launch mission (ORS-3).

The STP-SIV series of satellites built by Ball Aerospace successfully prove the concept of standard interface vehicles for the USAF Space and Missile Systems Center, Space Development & Test Directorate (SMC/SD). The first in the series, STPSat-2, launched on November 19, 2010. The STP-SIV standard interface supports a variety of experimental and risk reduction payloads at different low-Earth orbits, and is compatible with multiple launch vehicles.

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's STPSat-3 to Fly Solar TIM Instrument for NOAA

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/379qcd/us_aerospace_secto) has announced the addition of the "US Aerospace Sector: Industry Profile" report to their offering.

This industry profile helps to gain an insight into the evolution of the industry and competitive dynamics prevalent in the market. It discusses the significant developments in the industry and analyzes the key trends and issues. The profile provides inputs in strategic business planning of industry professionals.

Key Topics Covered

Industry Snapshot

This section gives a holistic overview of the industry. It starts with defining the market and goes on to give historical and current market size figures. It also clearly illustrates the major segments of the market which would be discussed later on in the report.

Industry Analysis

It involves a comprehensive analysis of the industry and its market segments. This section discusses the key developments that have taken place in the industry. It also identifies and analyzes the driving factors and challenges of the industry. A description of the regulatory structure tells us about the major regulatory bodies, laws and government policies.

Country Analysis

This section presents the key facts & figures of the country. It also discusses the political environment and the macroeconomic indicators. It analyzes government stability and economic growth of the country.

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Research and Markets: US Aerospace Sector: Industry Profile

By LuAnn LaSalle, The Canadian Press

MONTREAL - Quebec aerospace manufacturer Heroux-Devtek Inc. will focus on its landing gear division with the $300 million sale of about one-third of its business to a U.S. firm in a cash deal that sent the company's stock soaring on Tuesday.

Shares in Heroux-Devtek (TSX:HRX.TO - News) jumped 32 per cent, or $2.50, to $10.35 on the Toronto Stock Exchange. Earlier they traded as high as $11.75 and beat a record high of $10 per share set at the end of 2001.

Precision Castparts Corp. of Portland, Ore. (NYSE:PCP - News), will acquire Heroux-Devtek's Aerostructure and Industrial Products division, which had about $130 million of annual sales about one-third of its total revenue.

Chief executive Gilles Labbe said Heroux-Devtek will focus on growth and possible acquisitions in its landing gear business.

"Our vision is to continue to build Heroux-Devtek into a Quebec-based world-class organization in this core market," Labbe told analysts on a conference call to discuss the deal.

Heroux-Devtek is one of the Canadian companies that's involved in the Lockheed Martin F-35 jet fighter program, a multi-country initiative led by the United States, which has faced cost and timetable overruns.

"We are big players in the F-35," Labbe said of the radar-evading fighter jet.

"We design and build all of the outlook system for the F-35 in Canada and we also build some structural components in Canada, but of course our structure business will be sold. So all of the structure business we do on the F-35 will be taken over by Precision Castparts."

The Montreal-area company will remain significantly involved in the F-35 program through the landing-gear business that it's keeping, he said.

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Aerospace firm Heroux-Devtek sells chunk of business to focus on landing gear

by Martin Moylan, Minnesota Public Radio

July 17, 2012

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ST. PAUL, Minn. Maplewood-based 3M has turned its aerospace business into a separate division, meaning the business will get more attention and investment as 3M products increasingly show up inside and outside the planes we fly on.

Creating a separate division is a sign that 3M wants to elevate its role with aircraft manufacturers and airline maintenance operations.

"We've really taken our business into looking at 'how can a material science company like 3M play a broader role for the aerospace industry, enabling them to build lighter, safer, quieter aircraft faster,' " said Denise Rutherford, vice president of 3M's Aerospace and Aircraft Maintenance Division.

The company sees lots of opportunity in the sector to increase sales of products for which 3M is well-known adhesives, sealants and protective films.

For instance, Rutherford said 3M can help make planes lighter by providing low-weight compounds that reinforce lightweight components, making a plane's structure stronger.

"Every 50 to 100 pounds you can take out of an aircraft enables either fuel efficiency or more luggage or another passenger to go into that plane," she said.

3M sound insulation kits make plane cabins quieter for passengers. And the company's films and tapes help prevent corrosion of aircraft frames and protect wings, nose cones and underbellies. Rutherford said corrosion costs the airline industry about $2 billion a year.

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3M aerospace division takes flight

BOULDER, Colo., July 17, 2012 /PRNewswire/ --The Ball Aerospace & Technologies Corp. STPSat-3 spacecraft built for the U.S. Air Force (USAF) will host five payloads and a de-orbit module when it launches in 2013.

(Photo: http://photos.prnewswire.com/prnh/20120717/LA41140)

The STPSat series of satellites successfully proves the concept of a standard interface vehicle for the U.S. Air Force Space and Missile Systems Center, Space Development & Test Directorate (SMC/SD). The STPSat-3 spacecraft is able to support a variety of experimental and risk reduction payloads at different low-Earth orbits and is compatible with multiple launch vehicles by utilizing the flight-proven Ball Configurable Platform 100 (BCP-100) standard interface bus.

"The STPSat-3satellite demonstrated its outstanding agility by accommodating additional payloads after the spacecraft was completed," said David L. Taylor, president and CEO of Ball Aerospace. "Built in only 47 days, the versatility of this common spacecraft will be evidenced once again when five payloads are flown aboard STPSat-3 two more than carried by SPTSat-2 when it launched in 2010," said David L. Taylor, president and CEO of Ball Aerospace.

The payloads for STPSat-3 will include:

In addition, the spacecraft has new capability, the MMA Design LLC De-Orbit Module used to de-orbit the satellite in less than 25 years.

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 Announces Five Payloads for STPSat-3 Satellite

MARANA, Ariz., July 17, 2012 /PRNewswire/ --Marana Aerospace Solutions announced that it has recently completed Heavy Maintenance checks on two Boeing 717-200 aircraft for Turkmenistan Airlines. The Maintenance, Repair & Overhaul (MRO) facility located just north of Tucson is regarded as one of the world's largest aviation service resources. For more than three decades it has delivered award-winning solutions for nearly every type of commercial aircraft, including Boeing, Airbus, McDonnell Douglas, Bombardier, Embraer and more.

"This program actually represents two important firsts for Marana Aerospace Solutions," said Colin Buxton, the facility's Vice President of Sales and Marketing. "It was the first time that we performed heavy maintenance on this particular aircraft type, and also our first opportunity to work with Turkmenistan Airlines. We look forward to building on both of these significant events."

Marana Aerospace Solutions is internationally recognized as one of the industry's most reliable aviation MRO service facilities. It provides comprehensive full-life aircraft care, including heavy maintenance, overhaul, and component repairs, as well as expert painting, interior, detailing, and end of life options to passenger and cargo airline and leasing clients from around the world.

With its ideal low-humidity climate, the expansive 1,200 acre facility can accommodate storage for more than 400 aircraft. The FAA-certificated technicians, crews, and on-site customer satisfaction teams at Marana Aerospace Solutions are dedicated to continuous improvements in operational excellence. The facility has received the prestigious FAA Diamond Award and numerous industry certificates and recognition for its outstanding maintenance services.

About Marana Aerospace Solutions

Located in Marana, Arizona, Marana Aerospace Solutions provides a broad range of customized maintenance, component services, painting and storage solutions to some of the world's largest commercial airlines, aircraft leasing companies, and government agencies.

Privately owned and operated, Marana Aerospace Solutions is a Federal Aviation Administration Approved FAR Part 145 Repair Station with a FAA Class IV Airframe Rating. It is ISO 9001-2008 registered and holds numerous international maintenance certifications including EASA. More information is available at http://maranaaerospace.com/.

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Marana Aerospace Solutions Completes Heavy Maintenance Checks for Turkmenistan Airlines

Aerospace and energy system components manufacturer Woodward is the latest company to see its profits hurt by costs associated with an ERP (enterprise resource planning) software project, according to an announcement it made.

Woodward issued preliminary numbers for its fiscal third quarter on Monday, warning investors that profits would fall short of expectations, in part due to "ERP system-related issues that have been addressed."

The company expects to deliver profits of $0.40 per share in the quarter and US$460 million in revenue, according to the announcement. Analysts polled by Thomson Reuters on average had predicted $0.60 per share and roughly $491 million in revenue. Woodward will issue full third-quarter results on July 23.

Woodward's aerospace division's performance was hurt by the ERP system problems, as well as by "lower defense sales, and a lower growth rate than anticipated in commercial aftermarket sales," the company said.

The division "has been awarded a substantial number of significant new system programs," it added. "Many of the programs have expanded more than anticipated in both content and complexity, requiring increased new product development and production process investments. This increased investment coupled with lower sales volumes created unanticipated earnings pressure."

Woodward's stock fell 5.83 percent to $33.95 in midday trading on Monday.

The exact nature of the ERP system difficulties, as well as the brand of software being used, wasn't immediately clear on Monday. A Woodward spokeswoman didn't reply to a request for additional information.

However, the project seems to have been substantial in scope. Between Sept. 30, 2010 and Sept. 30 of last year, Woodward recognized roughly $13.5 million in costs linked to the system's development, according to the company's 2011 annual report.

ERP systems are generally put in place with the goal of saving money over time. But companies often experience a range of problems during projects, including cost and time overruns and difficulties stabilizing the new software once it goes live.

The software itself isn't always to blame. Problems can result from factors such as inadequate testing before the new system is turned on, ineffective employee training, inexperienced project consultants and changes to the scope of the project after it is begun.

Original post:

ERP Software Woes Ding Aerospace Company's Profits

Energy and aerospace company Woodward Inc. cut its full-year net income and sales estimates Monday citing a weak third-quarter. Shares slid more than 6 percent.

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Woodward cuts forecasts on weak aerospace business

SINGAPORE: 38 companies have located themselves at the Seletar Aerospace Park so far. This is a 27 per cent increase from about six months ago.

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Aerospace companies to benefit from synergies at Seletar Aerospace Park