Aerospace summit discusses state and future of industry in Oklahoma

A major concern for the Oklahoma aerospace industry is a lack of skilled workers in the field, summit speakers expressed Wednesday.

The Oklahoma Aerospace Alliance, a nonprofit industry association, held its 11th annual summit this week in Norman for the first time, said Steven Hendrickson, director of Government Operations for Boeing.

One of the main concerns this year was the lack of skilled labor for the industry, Retired U.S. Air Force Col. Richard Schwing said at the summit.

Schwing said a bulk of the current workforce is older and there are fewer younger workers coming into the field.

In Oklahoma, the aerospace industry consists of more than 500 companies and employs more than 100,000 people from different fields, including military, space, commercial and business, said Mary Smith, executive director of the Oklahoma Aerospace Alliance.

Oklahomas industry stands strong because it encompasses so many fields, Smith said. Factors like federal budgets and bankruptcy influence the industry, Smith said.

It is a balancing act, Smith said.

The summit was Monday to Wednesday with two days in Norman and a third in Oklahoma City. The host city rotates between Tulsa and Oklahoma City because they are the major hubs of the aerospace industry, Hendrickson said.

Oklahoma aerospace officials gather annually at the summit to discuss the state of the industry, Hendrickson said.

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Aerospace summit discusses state and future of industry in Oklahoma

TUCSON, Ariz., June 07, 2012 /PRNewswire/ -- The aerospace industry in Sonora, Mexico, and its more than a decade development trajectory is the subject of the latest of The Offshore Group's podcasts on Mexico manufacturing and other business topics.

In the interview, Gale Thompson, a longtime maquiladora industry veteran and vice president of international operations of The Offshore Group, speaks in detail of his experiences at the forefront of Sonora's decade plus effort to develop the aerospace manufacturing base that it has in place today.

According to Thompson, "Although at first many were skeptical of Mexican industry's ability to manufacture complex, high-precision aerospace parts, the country has proven, in a relatively short period of time, that it has what it takes in terms of the physical, educational and human infrastructure to become one of the premier suppliers to the global aerospace industry in the coming years."

Sonora is located in Northwest Mexico, bordered by the states of Chihuahua to the east, Baja California to the northwest and Sinaloa to the south. To the north, it shares the U.S.- Mexico border with the states of Arizona and New Mexico, and on the west has a significant share of the coastline of the Gulf of California. Information on its economy and business environment can be found on its Economic Development Council's website.

The Offshore Group is the largest provider of outsourced business support, "shelter" services in Mexico. Currently 61 businesses operate at The Offshore Group's three Mexico manufacturing industrial parks in the State of Sonora, the city of Saltillo, Coahuila, and at the Group's Vangtel subsidiary in Hermosillo. Vangtel offers Mexico shelter services to companies that occupy the call center, IT development and BPO markets, while the International Logistic Solutions Company (ILS) is a leading provider of supply chain services. The Offshore Group has recently initiated operations in Mexico's second largest city, Guadalajara. Sign up to receive information via Offshore Group RSS Feeds.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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The Aerospace Sector in Sonora, Mexico is the Subject of Offshore Group Podcast

04-06-2012 13:33 Location: Malmen Air Base Linkoping, Sweden. Date: June 3 2012 Event: Aerospace Forum Sweden 2012 / Försvarsmaktens Flygdag Swedish Airforce Historic Flight AJS 37 Viggen 37098, SE-DXN. Please visit for more information about SwAFHF. Hope you enjoy the video! HiFlyer41ZER0 Filmed with JVC Everio Camcorder. © 2012 HiFlyer41ZER0

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Aerospace Forum Sweden 2012 / Försvarsmaktens Flygdag - SwAFHF AJS 37 Viggen 1080p - Video

Copyright 2010. The Associated Press. Produced by NewsOK.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

NORMAN The potential impact of sequestration under the Budget Control Act of 2011, which is set to automatically slash billions of dollars from the Department of Defense budget next year, set an ominous tone Tuesday for much of the 2012 Oklahoma Aerospace and Defense Summit & Expo.

Frank Kendall, the acting under secretary of defense for acquisition, technology and logistics speaks during the 2012 Oklahoma Aerospace and Defense Summit & Expo. STEVE SISNEY - THE OKLAHOMAN

Keynote speaker Frank Kendall, the acting undersecretary of defense for acquisition, technology and logistics, said if Congress doesn't do anything to stop the act from going into effect on Jan. 1, jobs will be lost and contracts will have to be renegotiated.

Sequestration has a devastating outcome. We really need to avoid it, he said. The industry hasn't done any planning for sequestration, he said, because it is so unacceptable that they are focusing on rallying against it.

Marion Blakey, president and chief executive officer of the Aerospace Industries Association, called sequestration a time bomb and wore a pin that counts down the minutes until the act goes into effect.

If it blows, we're going to feel the shock wave in all 50 states, including this one, she said.

Kendall talked about ways the Defense Department is cutting costs already, by canceling unaffordable programs and using competition to negotiate the best price on contracts. He said he planned to meet with the CEOs of aerospace companies on Wednesday while in the state.

Monday was expected to be the busiest day for FedEx, which said it...

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Oklahoma Aerospace Summit connects industry, military, teachers

Bangalore, June 4:

Karnataka has already attracted Rs 10,000 crore worth investments for its proposed Bangalore Aerospace Park.

According to Mr M.N. Vidya Shankar, Secretary for Commence and Industry, the aerospace park will come up near the Bangalore international airport near Devanahalli on 968 acres.

For developing Bangalore Aero Park, the State government's High Level Clearance Committee, headed by the Chief Minister, Mr D.V. Sadananda Gowda, recently cleared the proposal of Sun Forest City Ventures Ltd.

Sun Forest City is planning to build Bangalore Aerospace Park (named Project Vayu) with a complete ecosystem for aerospace industries. The total project cost is Rs 9,394 crore.

The project is expected to be taken up in three phases, spread over 12 years and is likely to offer employment to 2.42 lakh people.

Mr Vidya Shankar said The project developer has already lined up major aerospace investments to the tune of Rs 10,000 crore for its phase I and has already given us time lines for executing phase II and III.

The Government of Karnataka will be unveiling at the Global Investors Meet (GIM) to be held in Bangalore from June 6 to 8.

The portal will display all the developments of project proposals made at the GIM.

Mr Vidya Shankar said The portal will be monitoring mechanism and display all projects details for which MoUs were signed during GIM 2010 and the ones to which we will be signing in GIM 2012.

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Aerospace park: State gets Rs 10,000-cr worth investments

Bangalore, June 4 (IANS) Leading infrastructure developer Sun Forest City Ventures Ltd. will build one of Asia's largest hubs for the aerospace industry near Bangalore with an upfront investment of Rs.10,000 crore ($1.8 billion), a senior official said Monday.

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Asia's largest aerospace hub near Bangalore soon

LOS ANGELES--(BUSINESS WIRE)--

Robert Jones has joined Union Bank, N.A., to head its Aerospace & Defense Group where he will lead a team of professionals providing a broad range of financing and related banking services to companies across the industry. Jones is part of Union Banks National Specialized Lending Group that provides financial expertise to commercial clients including debt financing, capital markets, depository and cash management, foreign currency and interest rate risk management, global trade, and private banking services across a broad range of industries.

Jones has more than 20 years of experience in corporate and investment banking. Prior to joining Union Bank, he was a director in the aerospace and defense team at CIT Group, and previously held similar roles at Wachovia Securities and CIBC World Markets. During his career, Jones has worked with a broad array of aerospace and defense companies, including most of the major prime contractors and original equipment manufacturers, and many of their supply chain partners, both in the U.S. and overseas. He has also worked extensively with investment bankers and private equity investors focused in this sector.

We are thrilled to welcome Robert to Union Bank and know that his deep experience in this unique industry will provide solid counsel and knowledge to our clients, and help us expand our outreach to this broad and growing sector of the economy, said Executive Vice President Bita Ardalan, head of the National Specialized Lending Group.

Jones received his bachelors degree from the University of Western Ontario, and is a Chartered Financial Analyst.

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $92.3 billion at March 31, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 407 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the worlds largest financial organizations. Visit http://www.unionbank.com for more information.

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Robert Jones Joins Union Bank to Head Aerospace & Defense Unit

Eclipse Aerospace announced the official launch of production for its Eclipse 550 very light jet.

The company has an established supply chain, new Federal Aviation Administration production certification and a certified airframe, according to information from Eclipse.

Deliveries are to begin in mid-2013.

Eclipse plans for initial low-volume production with full production in 2014 for 50 to 100 planes a year, depending on market demand.

Eclipse was founded in 1998 by former Microsoft employee Vern Raburn; Bill Gates was a major stockholder.

The company produced 259 Eclipse 500 jets before it entered Chapter 11 bankruptcy in November 2008. That converted to Chapter 7 liquidation in early 2009.

After a lengthy bankruptcy, one bidder, Eclipse Aerospace Inc., headed by Mike Press and Mason Holland, bought the assets out of the company.

New production of the Eclipse Jet, that was the ultimate goal of EAI when we started the process two and a half short years ago, Mason Holland, Eclipse Aerospace chairman and CEO, said in a statement.

Besides announcing production of the Eclipse 550, Eclipse also announced the Eclipse International Dealer organization. Dealers representing more than 30 countries have signed agreements to buy Eclipse 550 jets scheduled for delivery in 2014 and early 2015, the company said.

The Eclipse 550 twin-engine jet is built on the Eclipse 500 model, but includes updated aircraft systems, such as auto-throttles, synthetic vision, enhanced vision and a redundant flight management system.

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Eclipse Aerospace starts production on Eclipse 550

31-05-2012 12:33 Eros Aerospace Horizon Aircraft Brochure

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Eros Aerospace Horizon Aircraft Brochure - Video

SAN FRANCISCO Engineers at Intel are applying lessons from aircraft design to create sturdier laptops in a bid to reduce the prices of the new ultra-thin computers the top chipmaker is promoting heavily.

Intel is counting on the super-thin laptops, a category it has dubbed ultrabooks, to add some pizzazz to a PC market languishing due to the growing popularity of Apple Inc's iPad.

Combining the best of laptops and tablets, the ultrabooks will have large, touch screens, "instant on" responsiveness and razor-thin dimensions all expensive features that have left some on Wall Street wondering if they might be too expensive for average consumers.

Engineers at Intel's Dupont, Washington R&D center, including former Boeing Co employees, have come up with a design method to make plastic laptop cases as strong as more expensive metal ones. That may cut the cost of future ultrabooks by between $25 and $75, said Ben Broili, head of the team.

Their work is an example of the steps Intel is taking to find ways to make future ultrabooks more affordable without cutting the prices of its processors.

At a meeting with analysts last month, Intel Chief Executive Paul Otellini said ultrabooks would be available for as little as $699, but many are expected to be priced nearer to $1,000.

Borrowing from the aerospace industry, the engineers have found that hard drives, motherboards and other components that make up the guts of a PC can be laid out in ways that make the laptops structure much stronger.

"We didn't develop a new material. We are able to use an existing plastic with an existing manufacturing technology," he told Reuters in a telephone interview. "It just requires some more upfront thought initially about how you lay your system out and how you can bring these things together and tie them in."

Different components in the laptop can be leveraged to support its chassis, or even dissipate heat from the processor, he said.

"There is no one size fits all," Broili added. "We're trying to enable the entire industry. You can make trades, move stuff around; and if you don't want your hard drive here, then move it. You have a menu you can pick from and see what you win or lose from a cost and quality standpoint."

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Intel inspired by aerospace to make sturdier laptops

June 1, 2012, ROCKFORD, ILLINOIS An innovative partnership among aerospacecompanies, educational institutions and regional leaders will develop more engineers,scientists and technicians for the growing aerospace industry that is facing a national talentshortage.

The Rockford region, a leading aerospace cluster in northern Illinois and southern Wisconsin,has created the Joint Institute of Engineering & Technology-Aerospace (JiET-A). JiET-Aprovides high school and college students in the region a path to engineering degrees,including high-quality paid internships at leading aerospace companies. The initiative wasannounced at a news conference on May 23, 2012 at Kaney Aerospace.

The aerospace cluster includes more than 200 companies, from Boeing's corporateheadquarters in Chicago to four tier-one suppliers in Rockford and numerous companies upand down the supply chain. JiET-A is the latest example of the Rockford areas governmentand educational leaders working with companies to ensure their business success in the 21stcentury. Companies made it clear to community leaders that developing and recruiting qualifiedaerospace engineers, scientists and technicians is a key to their growth.

How it works

The regions new Joint Institute of Engineering & Technology-Aerospace (JiET-A) connectsaerospace companies to four colleges and universities where post-secondary students participate in high-quality internships that are integrated into their academic curriculum. WhenJiET-A students graduate, they bring valuable skills and experience into the regionalaerospace workforce. One-on-one mentors from aerospace companies are also part of JiET-A.Students can also apply for scholarships from the Community Foundation of Northern Illinoisand the participating higher educational institutions. JiET-A enhances students experiencesand guides them to successfully transition from school to the aerospace workforce.The participating colleges and universities are Embry-Riddle Aeronautical University, NorthernIllinois University, Rockford College and Rock Valley College. Internship opportunities areavailable at B/E Aerospace, Comply365, GE Aviation, Hamilton Sundstrand (a UnitedTechnologies company), Kaney Aerospace, Woodward and more.

Industrys Role

Representatives from the regions two largest tier-ones, Hamilton Sundstrand and Woodward,are part of the JiET-A steering committee. Hamilton Sundstrand provided a loaned executive tohelp coordinate the initiative and recruit companies for internships and mentorships. Thefollowing aerospace company representatives spoke at the May 23 news conference that wasattended by 100 community leaders.

GE Aviation Systems General Manager Carlos Miller said, We are quite impressed with whathas been created, the JiET-A Initiative. As a member of the aerospace industry, we welcomethis innovative and collaborative way of taking control and helping to shape the future. GEAviation is excited about adding interns through this effort and we know it will be good for theentire region.

Hamilton Sundstrand Electric Systems Director of Engineering Tom Gillis added, Theaerospace industry is facing a perfect storm with the engineering shortage and the long-termgrowth mode of the industry. The JiET-A program will enable our region to develop our owntechnical workforce to meet these growth opportunities, and to continue providing the goodpayingjobs that improve our local economy and quality of life.

Woodward Aircraft Turbine Systems Vice President of R & D and Systems Terry Voskuilnoted, Woodward is excited about this initiative. We need to create and fill a pipeline ofengineering talent to propel our future growth in Rockford.

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Growing Aerospace Cluster Builds Up Its Own Talent Pipeline

Carpenter Technology (CRS) has a lot going for it as a company. Few companies can match its technical capabilities (it's just one of three companies capable of making alloys good enough for the demands of jet engines), and there are growth opportunities everywhere for alloys that offer enhanced performance (strength, corrosion resistance, etc.) and less weight. What's more, the company's acquisition of Latrobe and ongoing capacity expansion will significantly boost its capabilities, particularly in premium products.

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Yet, for all of those good points, this is a still a cyclical business tied to major end-markets like aerospace and energy. While the surge in commercial aircraft production will almost certainly boost Carpenter's sales and earnings for the next several years, the question is how much of that is already in the stock and whether investors can really expect outsized gains here.

Aerospace Has a Longer Runway Boeing (BA) and EADS' Airbus are only at the beginning of what should be a multi-year surge in new commercial aircraft production. Not only are these aerospace giants expected to produce quite a few more planes, but these planes are going to include a lot more specialty materials, from carbon fiber from the likes of Hexcel (HXL) to more parts made from specialty alloys supplied by Carpenter, Allegheny (ATI) and Precision Castparts (PCP).

Energy and Transport Are Both EmergingWhile the penetration of specialty alloys and materials into aerospace has been a valid investment theme for more than a decade already, it's an increasingly relevant theme in energy and automotive markets as well. Energy exploration (drilling, in particular) is a highly demanding market where companies like Weatherford (WFT) and National Oilwell (NOV) are increasingly finding that new materials and production methods are necessary to cope with the demands of advanced service needs like fracking and horizontal drilling.

In autos, it's still about power and weight. The more steel a car or truck has, the more horsepower it requires to move that mass around and the more gasoline or diesel it needs. While building a vehicle chassis out of specialty alloy is impractical (though carbon fiber is popular in supercars), high-performance engines, gearboxes and other components increasingly rely on these lighter, stronger alloys to meet performance, efficiency and emissions demands.

Still a Commodity Business at HeartAlthough Carpenter has some relatively rare capabilities, and strong share in segments like aerospace fasteners, it is still a near-commodity business that serves cyclical industries. Carpenter hasn't seen quite the same swings in industry capacity as titanium product producers like Titanium Metals (TIE) or RTI (RTI), but this is nevertheless an industry that has repeatedly swung from over-capacity to under-capacity over the years, with prices and profitability dragged along for the ride.

Given that backdrop, it's not surprising that Carpenter's performance can swing between strong profitability (including double-digit returns on capital) to losses within a decade. Right now, investors are hoping that an extra-long aerospace cycle, combined with growing acceptance in new industrial, energy and medical markets, can smooth out that cyclicality and give Carpenter a more sustainable growth curve. While I suppose it's possible, I don't think it is all that probable.

SEE: Cyclical Versus Non-Cyclical Stocks

The Bottom LineGiven the range of multiples this stock has seen and the probable mid-cycle earnings, it's hard to call Carpenter Technology cheap today. In fact, it looks like it is more or less at fair value. Given that the upswing in titanium seems to be just beginning, it's tempting to call Titanium Metals or RTI a better value.

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Can Aerospace Produce Enough Lift For Carpenter Technology?

31-05-2012 09:15 This video tells you the story about how our Aerospace Engineering DBF team built their airplane and participated at an international competition.

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Khalifa University Aerospace Engineering Design/Build/Fly Team Video - Video

MONTREAL, June 1, 2012 /CNW Telbec/ - Phoenix Aerospace Inc., a leading Montreal-based provider of heavy and light maintenance, has decided not to go ahead with its project of acquiring parts of Aveos' assets in the wake of the latter's surprising closure several weeks ago. This decision was announced today by Phoenix Aerospace's President, Serge Prvost, following a special meeting with his company's steering committee. Despite an extension of the submission deadline offered by Toronto's FTI Consultants, Phoenix Aerospace will not be bidding.

"Even with the additional time offered to potential bidders, the procedure appears to be too restrictive for Phoenix Aerospace's business model, and presents a number of uncertainties," said Mr. Prvost following his steering committee's meeting.

AN EXPANSION PROJET FAVOURED

The company's President also announced that they have decided to favour an expansion project worth tens of millions of dollars in heavy maintenance and MRO services for major airlines. This is a project that Phoenix Aerospace has been developing for some 15 months; started well before Aveos' closure, the project was put on hold in order to properly evaluate the acquisition of all or part of Aveos' assets.

Mr. Prvost is confident that in the near future, this expansion project will allow Phoenix Aerospace to call on specialized workers laid off from Aveos; Phoenix Aerospace's primary objective is to keep this talent and expertise in Montreal, thus benefitting a strong and distinctive local economy, and maintaining the area's prestigious global reputation as a centre of excellence in the aerospace industry.

About Phoenix Aerospace Inc. Based in Dorval, Quebec, Phoenix Aerospace Inc is recognized as a leading provider of light and heavy aircraft maintenance repair and overhaul (MRO). The company leverages leading edge technology and research and development in service to airlines and commercial and private fleet owners and operators. The company operates in a business environment that embraces profitability, effectiveness and efficiency in providing rapid services which, above all, fully comply with stringent Canadian, American, and European standards and regulations. Phoenix Aerospace also provides fleet maintenance as an outsourcing service to various airlines.

Source: Serge Prvost President Phoenix Aerospace Inc.

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Phoenix Aerospace Inc. of Montreal favours own expansion project over acquisition of Aveos assets

WALLDORF, Germany, May 31, 2012 /PRNewswire/ --SAP NEWSBYTE Extending the industry reach of its analytics portfolio, SAP AG (SAP) today announced a new analytic application for aerospace and defense (A&D). The SAP Program Performance Analysis for A&D analytic application lets A&D program managers and business executives quickly uncover deep insights into their portfolio of programs, including the development of new commercial aircraft, weapon systems, spacecraft and ships. The announcement was made at the EVM World 2012 conference, being held May 30 June 1 in Naples, Florida.

(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

In the highly competitive A&D industry, program managers must identify the relevant issues of projects throughout their lifecycle by analyzing data collected from many diverse sources. They must gain visibility into key performance indicators (KPIs) such as requirements stability, production quality, or supplier risks, and be able to take quick corrective actions to keep programs on track. The analytic application provides program managers a scorecard view of the performance of multiple programs at once. Additionally, it enables users to drill down through layers of increasing detail to root causes without the delays and manual efforts that plague today's program assessment efforts.

Enabling organizations and individuals to gain real-time, actionable insights, analytic applications from SAP are tailored for specific industries and lines of business to help users overcome the challenges of their unique business climates. SAP Program Performance Analysis for A&D enables program managers to work proactively and avoid commonly experienced setbacks such as cost overruns and schedule delays that cause organizations to lose millions of dollars to annually. It also enables them to clearly visualize all relevant data to help stakeholders improve overall decision-making and ensure program goals are achieved.

Since the analytic application is powered by the SAP HANA platform, it can process large volumes of data from any data source in memory, meaning the results of complex analyses and transactions are produced immediately. With this information, program managers can base reports and tactics on comprehensive business intelligence (BI) from the entire value chain. They can also easily determine the status of tasks and run ad-hoc queries to drill down on granular metrics.

To learn more, watch a product demo: "SAP Program Performance Analysis for Aerospace & Defense Sharpening Operational Insight and Boosting Program Performance." For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews and @businessobjects.

Media Contacts: Susan Miller, SAP, +1 (610) 661-9225, susan.miller@sap.com, EDT Atle Erlingsson, SAP, +1 (415) 858-8149, atle.erlingsson@sap.com, PDT Jeff Shadid, Burson-Marsteller, +1 (214) 224-8419, jeff.shadid@bm.com, CDT

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Newsbyte: SAP Broadens Industry Reach With New Analytic Application for Aerospace and Defense

NORMAN Oklahomas aerospace workforce will gather in Norman to listen, learn, share, and celebrate the industry that is responsible for tens of thousands of jobs in Oklahoma.

The Oklahoma Aerospace & Defense Summit and Expo will be Tuesday at the Embassy Suites Conference Center in Norman. This years mission is to connect hundreds of aerospace companies to the states five military installations and the Oklahoma Air National Guard.

The expo will encompass a wide variety of categories within the industry, including commercial and military aerospace, unmanned aerial systems, space exploration and transport, general and business aviation, and a host of suppliers that exist to support the Oklahoma aerospace industry.

The Oklahoma Aerospace & Defense Alliance (OADA) is proud to focus our attention on the opportunities that exist because of the presence of some of our nations finest military bases, said Jim Rice, Pro-Fab CEO and incoming OADA Chair. Our industry is stronger because of the business that is done with five military bases and our own Oklahoma National Guard.

Keynote speaker will be Frank Kendall, under secretary of defense for acquisition, technology and logistics.

This will be the11th annual Oklahoma Aerospace summit and the first time it will be presented by the OADA and held in Norman.

Previous summits being held in Oklahoma City or Tulsa. Although those cities house the largest clusters of aerospace/aviation related businesses, aerospace business is sprinkled all over the state, due in large part to Oklahomas five military bases.

Organizers and participants hope the summit will shine a spotlight on these smaller entities and help reinforce Oklahoma as a strong market for the industry.

Defense is a big deal in Oklahoma! said Paul Berry, ARINC and chairman of the summit planning team this year. My company, like so many in Oklahoma, does business with private sector aerospace companies, and often with the Department of Defense. It is important that Oklahoma companies and companies outside of Oklahoma know that we have a real strength in our defense related sector.

A panel representing all five military bases and the Oklahoma National Guard will be led by Oklahoma Secretary of Military and Veterans Affairs, Major Gen. Rita Aragon.

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Aerospace summit to take flight next week in Norman

OKLAHOMA CITY--(BUSINESS WIRE)--

AGC Aerospace & Defense is pleased to announce the promotion of Kevin McKinley to President of Veracity Technology Solutions effective June 1st, 2012.

Kevin has demonstrated exceptional leadership and strong technical capability since joining the company, stated Veracity CEO Jeff Davis. I am confident that Kevin will be an outstanding steward of our company as we look ahead to an exciting future.

McKinley has been with Veracity since 2007 serving first as Director of Power Generation, served as VP of Operations & Development since 2010 and has extensive industry experience in the nondestructive inspection industry as a development engineer.

I am both humbled and excited to be named president and look forward to the opportunities ahead for Veracity as we move through this exciting growth stage and into the future, added McKinley.

McKinley is a 20-year veteran of the United States Air Force receiving an honorable discharge after serving as the Course Supervisor for the Army and Air Force Nondestructive Inspection Schools located at Naval Air Station in Pensacola, FL.

He replaces Gary Hensley, who will remain with the company to lead its business development and sales effort as the VP of Business Development and Co-Founder.

Gary Hensley has been tremendous as the companys first president, co-founder and unwavering leader, said Davis. His new role will allow him to focus on building the companys presence in the power generation and aerospace markets.

Veracity Technology Solutions develops customized nondestructive inspection solutions for aerospace and defense systems. Veracitys technicians use proven, proprietary technology to check for defects or potential problems on applications such as, wings, rotor blades, and landing gear. The methodology and technology help customers extend the service life of high-value assets, lower inspection costs, and eliminate hazardous processes.

AGC Aerospace & Defense is a global supplier of technologies, systems and services that support key commercial and military programs. Capabilities within the AGC Aerospace & Defense portfolio include: financing, engineering, integration services, manufacturing, logistics and aircraft modifications.

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Veracity Technology Solutions Names New President

Southwest Airlines planes are seen at MacArthur Airport Ronkonkoma, NY Nov 9, 2010 Photo: Bruce Bennett/Getty Images

ISLIP, N.Y. (CBSNewYork) -There are signs of new life for Long Islands once booming aerospace industry, WCBS880 Bureau Chief Mike Xirinachs reported.

WCBS880 Long Island Bureau Chief Mike Xirinachs On The Story

Weve seen recently within the town of Islip certain contractors, certain aerospace manufacturers actually expanding their space, Islip Town Supervisor Tom Crocitold Xirinachs.

Croci cited CPIs expansion at the Heartland Industrial Complex.

He held an aerospace summit at Long Island MacArthur Airport on Wednesday, where he organized CEOs in the industry and encouraged them to grow there.

Americans will take risk. You just got to help them create the favorable conditions to make risk, Crocisaid. Business wants to expand. Lets encourage that. Lets not get in the way.

He said Long Island leaders are doing all they can to strengthen the islands once strong aerospace industry.

What do you think Long Island leaders should be doing to encourage the aerospace industry to expand? Sound off in the comments section below.

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Aerospace Businesses Increase Presence Near MacArthur Airport

DENVER--(BUSINESS WIRE)--

Joseph Armstrong, Ph.D., Chief Technology Officer of Ascent Solar Technologies, Inc. (ASTI), has joined the Strategic Advisory Council of Bye Aerospace, Inc. Ascent Solar is a developer of flexible CIGS solar panels and Bye Aerospace is applying clean energy solutions to innovative aircraft designs for the business aviation and defense markets.

Armstrong has spent the majority of his 30+ year career in photovoltaics (PV), including with Martin Marietta Corporation (now Lockheed Martin) and ITN Energy Systems before becoming a founding member of the ASTI team in 2005. Dr. Armstrong has been on the forefront in the development of lightweight, flexible photovoltaics for terrestrial, aeronautics, near-space, and space applications. He is a named inventor on five U.S. patents in areas including shape memory alloys, fuel cells, electronic circuit assembly, and thin-film PV technology, and on numerous pending patent applications. Armstrong has a bachelors degree from Lewis University in Illinois and received his masters and doctorate degrees in Physics from the University of Denver, Colorado. Dr. Armstrong previously served as a member of the Advisory Board for the State of Colorado Center for Revolutionary Solar Photoconversion and was the Chair of the Steering Committee, as well as Chairman of the Board of Directors of the Colorado Advanced Materials Institute.

I am honored to be invited to join the Strategic Advisory Council at Bye, said Dr. Armstrong. As business aviation and defense markets envision solar energy as a compliment to traditional power sources, with purposeful integration into systems and structures, numerous performance advantages can be realized. I believe that Ascent Solar and Bye Aerospace are uniquely positioned in these markets.

It is an absolute honor to welcome Dr. Armstrong to our impressive group of strategic advisors, said George Bye, Chairman and CEO of Bye Aerospace. Clean energy provided by thin-film PV technology is critical to the performance of several of Bye Aerospaces internal programs, including the solar-electric hybrid Silent Guardian unmanned aerial vehicle and the StarLight solar-electric powered airship.

ABOUT ASCENT SOLAR TECHNOLOGIES, INC.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazines 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions.

ABOUT BYE AEROSPACE

Bye Aerospace, founded in 2007 and headquartered near Denver, is applying clean energy solutions to innovative aircraft designs for the business aviation and defense markets. For more information, go towww.ByeAerospace.com.

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Ascent Solar’s Joe Armstrong Joins Bye Aerospace Strategic Advisory Council

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VIDEO: Marshall Aerospace wins £350m contract