May 28, 2012 12:00 AM

SAN ANDREAS - Aerospace Corp. representatives are considering construction of a high-speed communications system in Calaveras County that could help during emergencies and boost economic development.

The idea is to provide cheap broadband to remote areas.

Clay Hawkins, the county's chief assistant administrative officer, and Supervisor Steve Wilensky said they have had two meetings with representatives of Aerospace.

They said if the project happens, it might be funded by a U.S. Department of Homeland Security grant.

"There's no cost involved" to Calaveras, Hawkins said.

He said Aerospace is interested in Calaveras because it could provide a test case for how improved communications could boost economic growth in a depressed rural area.

Aerospace is best known for building spacecraft and spy satellites. But as funding for military machinery and space exploration shrinks, the corporation is looking for ways to use its expertise on Earth, Wilensky said. He said the Aerospace representatives also have local ties.

"One of them lives in District 2," Wilensky said, referring to the area he represents, which includes Mountain Ranch, West Point and Mokelumne Hill.

Wilensky and Hawkins did not name the Aerospace representatives.

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Aerospace might test in Calaveras

Posted by admin in News on May 26th, 2012 | no responses

By Rob Sabo, Northern Nevada Business Weekly

The aerospace manufacturing cluster in greater Carson City area got another player.

Aerospace and Commercial Precision Machining, formerly located in Palmdale, last week completed a long-anticipated move to Gardnerville. AnC Precision joins a diverse base of aerospace manufacturing companies, such as Click-Bond, Phoenix Aerospace and Chromalloy, that specialize in making parts and equipment for the aerospace industry.

AnC president Greg Havemann says he relocated the company from its home in the Southern California desert after 32 years because he finally soured on Californias business practices and regulatory environment. AnC Precision took 13,000 square feet at 1119 Sawmill Road in Gardnerville. Here, with the tax advantages and other business advantages, I have a shot at making a dollar and growing and building my company and employing people, Havemann says.

Havemann bought the company from its founder in 2000 and grew the business from three employees to a peak of 18 to 20 before the recession trimmed its staff. AnC Precision employs nine, with eight employees making the transition to northern Nevada.

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SoCal aerospace firm relocates to Gardnerville

Two outstanding aerospace leaders presented the graduation addresses as the University of Houston-Clear Lake celebrated commencement with two ceremonies at Reliant Arena.

Of 1,129 graduates, 962 participated 523 during the first ceremony and 439 at the second.

Aerospace pioneer Glynn Lunney spoke at the 10 a.m. ceremony when students in the School of Science and Computer Engineering and the School of Human Sciences and Humanities were presented their diplomas.

After many years with NASA, Lunney became president of Rockwell and later retired as vice president of United Space Alliance. He was awarded the Presidential Medal of Freedom for his work saving Apollo 13.

Barrios Technology President and CEO Sandy Johnson addressed graduates of the Schools of Business and Education.

During the ceremony, UH-Clear Lake President William A. Staples presented Johnson with a Presidential Medal, which recognizes an individual for outstanding contributions to the university or to activities of interest to the university.

It also recognizes Johnsons record of outstanding professional achievement. This is only the third time in the history of the university that the medal has been awarded.

UH System Chancellor Renu Khator and UH System Regent Tamecia Glover Harris also took part in the ceremony.

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Aerospace leaders address UHCL’s 1,100 graduates

LONGUEUIL, Que. The Canadian Press Published Friday, May. 25, 2012 7:55AM EDT Last updated Friday, May. 25, 2012 8:21AM EDT

Quebec-based aerospace manufacturer Hroux-Devtek Inc. HRX-T says its fourth-quarter profit was $8.9-million, up 12 per cent from the same time last year and ahead of analyst estimates.

The Montreal-area companys profit amounted to 29 cents per share, which was two cents above a consensus estimate compiled by Thomson Reuters.

The company, headquartered in Longueuil, Que., specializes in the design, development, manufacture and repair and overhaul of related systems and components for the aerospace and industrial products segments.

It supplies the commercial and military aerospace sectors with landing gear systems and airframe structural components from 12 manufacturing facilities. Its industrial segment provides large components for power generation equipment.

Hroux-Devteks revenue was $109-million in the fourth quarter, also ahead of analyst estimates. The company says its aerospace sales were stable but sales increased in the industrial division.

For the full 2012 financial year ended March 31, Hroux-Devtek had $380.3-million in revenue up 6.4 per cent from last year. Net income for the year was $26.5-million or 86 cents per share on a diluted basis.

Thats up from $357.6-million in revenue and $19.1-million of net income, or 63 cents per share in fiscal 2011.

Fiscal 2012 was a very successful year for Hroux-Devtek, chief executive officer Gilles Labbe said in a statement.

While the overall economy remained hesitant, the majority of our strategic markets, both in the Aerospace and Industrial segments, gained momentum. As a result, we generated record sales and net income.

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Heroux-Devtek profit rises 12%, beats forecasts

DUBLIN--(BUSINESS WIRE)--

Dublin - Research and Markets (http://www.researchandmarkets.com/research/5hzdhx/gulfstream_aerospa) has announced the addition of the "Gulfstream Aerospace Corporation - Strategic Snapshot, SWOT Analysis, Strategic Initiatives & Developments, Key Trends & Outlook - H1 2012" company profile to their offering.

This strategic report provides key insights into the strategic business aspects of Gulfstream Aerospace Corporation based on a holistic assessment as well as comprehensive analysis of business structure, performance, strategies, plans, initiatives & outlook.

The report also includes an insightful SWOT framework analysis on the company. The framework generates a snapshot of the company's inherent strengths & weaknesses as part of the internal environment assessment and outlines potential growth opportunities as well as threats as part of the external environment assessment.

Useful For:

The report provides insights & inputs to be incorporated into the broader strategic planning & decision making processes and will be essential from a competitive analysis standpoint as well.

For Whom:

The analysis will be essential for those having strategic interest in the company or the industry & will be especially useful for key decision makers, top management of companies, suppliers, vendors, current & potential investors, industry & company analysts & those associated with the industry or the company.

Topics Covered:

Section - 1

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Research and Markets: Gulfstream Aerospace Corporation - Strategic Snapshot, SWOT Analysis, Strategic Initiatives ...

By Navjot Kaur | More Articles May 24, 2012 |

Aircraft interior component maker BE Aerospace (Nasdaq: BEAV) seems to have benefited lately from the increase in demand for air travel as more and more airlines are buying new planes that invariably lead to more contracts for this company. So does that really make BE Aerospace a foolproof stock to invest in?

Let's put BE Aerospace under the microscope and analyze the company's strengths, weaknesses, opportunities, and threats to reach our conclusion.

Strengths

Weaknesses

Opportunities

Threats

The Foolish takeawayBE Aerospace looks like a winner in the long run, thanks to increased airline passenger traffic. The company does have some significant areas of strength that clearly outweigh its weaknesses. If BE's growth story interests you, add this stock to your watchlist to stay updated on all its news and analysis for free. Click here!

But if the airline industry is not the only one you have set your sights on, Motley Fool analysts have identified three big-name companies that are particularly well-positioned to profit, and you can learn more about them right now with our new free report: "3 American Companies Set to Dominate the World." It's completely free for Fool readers but only for a limited time -- sograb your copy now.

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Why BE Aerospace Is Indispensable

LONGUEUIL, Que. - Quebec-based aerospace manufacturer Heroux-Devtek Inc. (TSX:HRX) says its fourth-quarter profit was $8.9 million, up 12 per cent from the same time last year and ahead of analyst estimates.

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Aerospace manufacturer Heroux-Devtek Q4 profit, sales growth beat estimates

Engineers to discuss latest research and process solutions

Mason, OH - Makino plans to share its latest machining and process solutions for aerospace manufacturing July 9-15 at the 2012 Farnborough International Airshow in Farnborough, England. Makino will host discussions at its chalet, C5, regarding new aerospace manufacturing technologies specifically designed for mid-sized titanium components, large aluminum structural parts, EDM-hole drilling, and 5-axis milling and grinding.

"The aerospace manufacturing industry continues to grow rapidly, and the International Farnborough Airshow is the perfect opportunity for manufacturers to learn about the latest high-performance manufacturing technologies," says Mark Rentschler, Makino marketing manager. "Makino's chalet visitors will have the opportunity to meet with our senior management, designers and application engineers to discuss their aerospace manufacturing challenges and how Makino can help them meet increasingly stringent requirements for quality and lead times."

Makino will showcase the following new aerospace manufacturing solutions at the show: o T2 5-axis horizontal machining center with ADVANTiGE(TM) for large titanium aerospace parts, such as edge frames, pylons and bulkheads o G7 multifunctional horizontal machining center for grinding, drilling, boring and milling in one machine platform o A8, A12 and A20 5-axis horizontal machining centers for large aluminum structural part production o a61nx-5E 5-axis horizontal machining center for small, multidimensional aluminum and titanium components o D300 5-axis vertical machining center for small engine component manufacturing o And a new sinker EDM for hole drilling of cooling holes

The Makino ADVANTiGE Makino's award-winning ADVANTiGE titanium machining technologies offer dramatic reductions in cost and lead-times for titanium aerospace manufacturing, enabling four times the productivity and tool life of conventional technologies. This titanium process solution is composed of several key machining technologies including a high-power, high-torque tilting spindle, Collision Safe Guard and Autonomic Spindle Technologies, high-pressure, high-flow coolant system, vibration damping system and a rigid machine construction.

ADVANTiGE technologies have been introduced as part of Makino's T-series 5-axis horizontal machining centers, including the T2 and T4. Built specifically for large titanium aerospace parts, such as edge frames, pylons and bulkheads, the T-series provides the rigidity, dynamic stiffness, vibration damping and agility necessary for more productive titanium machining and longer tool life.

Aluminum in Aerospace Makino's purpose-built family of large 5-axis horizontal machining centers for aluminum monolithic aerospace part production expands with the new A8, A12 and A20. Building upon the design of Makino's widely successful MAG series machines, this new line of horizontal machining centers incorporates Makino's latest features and technologies, including Volumetric Accuracy Compensation and a high-power, high-speed spindle.

The A8, A12 and A20 are built to accommodate large aerospace structural parts, increase machining accuracy and reduce cycle times for lower costs and higher productivity. With top spindle speeds of 33,000 rpm, these machines are setting new records in aluminum metal-removal rates, allowing faster part delivery and bottom-line growth.

Grinding, Drilling, Boring and Milling in One Machine Makino's chalet will highlight the G5 and new G7 multifunctional 5-axis horizontal machining centers, capable of grinding, drilling, boring and milling all in one platform for reduced capital equipment purchasing and elimination of out-of-cut time. The G5 helps eliminate setups, work in process and stack-up errors due to multiple setups.

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Makino to Highlight New Aerospace Manufacturing Solutions at 2012 Farnborough International ...

Wed, May 23, 2012

Airbus, ST Aerospace and EADS EFW have finalized the agreement to establish the collaboration for the launch of the A330 Passenger-to-Freighter (P2F) conversion program. This follows the MoU announced at the Singapore Airshow in February this year setting out the projects foundation and granting Authorisation To Offer for the A330P2F.

ST Aerospace lead the A330P2F engineering development work in collaboration with Airbus and EADS EFW, while EADS EFW will lead the industrial phase and undertake marketing and sales activities, supported by Airbus. Most of the conversions will take place at EADS EFW facilities in Dresden, Germany, with the potential for additional capacity at ST Aerospace. The strong demand from airlines for a program to convert used A330s from passenger configuration into an attractive freighter is clear, says Tom Williams, EVP of programs at Airbus. Together with ST Aerospace and our sister company EADS EFW we have the perfect partnership to bring efficiency, reliability and profitability to our operators. The A330P2F program includes two versions the A330-200P2F and the larger A330-300P2F. Of the two models, the larger A330-300P2F will be particularly suitable for integrators and express carriers thanks to its high volumetric payload capability with lower-density cargo. Meanwhile, the A330-200P2F will be optimised for higher-density freight and longer range performance. Entry-into-service of the first A330P2F is targeted for 2016. As well as complementing the factory-built A330-200F in service today, the A330P2F freighter conversion program will also enhance and sustain A330 Family residual values by extending the economic lives of A330 airframes. Approximately 2,700 freighters will be required over the next 20 years, and around half of these will be in the mid-sized freighter segment, including 900 conversions. Addressing this requirement, both the A330-200P2F and the A330-300P2F facilitate the change to environmentally-friendly, new-technology converted freighters, while recognising the operators focus on capital cost. (Pictured: A330 Freighter file photo)

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Airbus, EADS EFW, ST Aerospace Finalize A330P2F Conversion Program Agreement

Military & Aerospace Electronics, updated several times each day, brings to your iPhone the latest news, business developments and analysis, new products, and in-depth features of crucial importance to the aerospace and defense electronics and electro-optics industries. The content from Military & Aerospace Electronics brings you breaking news, business analysis, staff-written blogs, video features, and interactive reader comments -- in essence, all the information that aerospace and defense electronics engineers, engineering managers, program managers, and executive managers need most, every day and every hour, to keep ahead of their competition. Military & Aerospace Electronics content covers unmanned vehicles, navigation and guidance, avionics, missiles, satellites and telemetry, fire-control systems, sensors, command & control systems, communications technology, electronic and information warfare, reconnaissance and intelligence, simulation and training, network-centric warfare, military avionics, shipboard electronics and computers, vehicular electronics (vetronics), ruggedized and high-reliability electronics, electro optics and optoelectronics, homeland security technology, biometrics, and nanotechnology. Technologies covered included board products, embedded computing, integrated circuits, rugged computers, software, design and development tools, test and measurement equipment, power electronics, and more. Military & Aerospace Electronics covers the most important industry trade shows, interviews with industry leading lights, the latest new products relevant to aerospace and defense systems designers, blog commentary in written and video format on the latest industry developments. Content is deep, relevant, and on point to help you get the information you need, fast, and then get back to work.

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Military & Aerospace Electronics News and Event Guide 1.7.9

CALGARY, ALBERTA--(Marketwire -05/22/12)- FLYHT Aerospace Solutions Ltd. (FLY.V) (the "Company" or "FLYHT") has signed an agreement with L-3 Aviation Recorders ("L-3 AR") to sell, certify, produce and support FLYHT's real-time data communications and SatCom solution to L-3 AR customers. FLYHT and L-3 AR will provide FLYHT's Automated Flight Information Reporting System ("AFIRS") 228S to L-3 AR customers for installation on new aircraft. This solution offers customers the ability to provide voice and data communications anywhere in the world through the Iridium network. The AFIRS 228S will be provided under FLYHT's global Value Added Reseller agreement with Iridium.

These solutions are currently marketed under the FLYHT brand in conjunction with L-3's industry-leading line of Flight Data Recorders ("FDRs"), commonly referred to as "black boxes" on aircraft.

"We are delighted that our effort in teaming with the world leader in data recording is bearing fruit," remarked Bill Tempany, President and CEO of FLYHT. "We're proud that the industry has recognized L-3 and FLYHT for our technologies and cutting-edge solutions for seamless information delivery - from air vehicle to end user. As a team, we will offer end users and original equipment manufacturers one-stop shopping for their data recording and information delivery requirements."

"L-3 is extremely pleased to offer to its extensive worldwide airline and OEM customer base a solution for this emerging requirement with a strong partner like FLYHT," said Mike Smith, President of L-3 Aviation Recorders. "In conjunction with an on-board L-3 flight recorder, FLYHT has already demonstrated FDR data and aircraft position streaming on in-service aircraft. Additional functionality such as ACARS and data loading for EFB and other systems using Iridium communications services makes this a very practical solution for all customers."

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 UpTime, 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, 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.

About L-3 Aviation Recorders

A subsidiary of New York City based L-3 Communications; L-3 Aviation Recorders is the leading supplier of transportation industry solid-state voice and data recorders, specializing in accident-survivable recording devices for the aerospace and maritime industries.

L-3 AR is part of the L-3 Aviation Products (AP) Sector. L-3 AP manufactures a diverse line of safety-enhancing products and avionics equipment that sets the standard for next-generation requirements, including configurable voice and data recorders, collision avoidance systems, navigation products, display systems and processors. Our aviation products are found on tens of thousands of military and commercial aircraft worldwide. L-3 AP is made up of six divisions including ACSS, Aviation Recorders, Avionics Systems, Display Systems, Electrodynamics, Inc. and Electronic System Services. To learn more about L-3, please visit the company's website at http://www.L-3com.com.

Excerpt from:

FLYHT Aerospace Solutions Ltd. and L-3 Aviation Recorders Sign Agreement to Provide SatCom Solutions for Major OEM

OKLAHOMA CITY--(BUSINESS WIRE)--

AGC Composites Group, a part of AGC Aerospace & Defense, announced the appointment of Kevin Holovach as Chief Financial Officer to oversee financial activities for the AGC Composites Group.

Al Haase, CEO of the AGC Composites Group, said, As our companies continue to grow, and with a marked increase in M&A activities both domestic and worldwide for the Composites Group, we are pleased to have a person with Kevins background join our team.

Mr. Holovach has over 25 years of financial experience from a broad base of distribution, manufacturing, and services. He has been responsible for US and foreign subsidiaries; domestic and foreign publicly owned, private, and private equity owned companies.

Mr. Holovach is a certified public accountant, and earned his Bachelor of Science in Accounting from University Center at Tulsa.

The AGC Composites Group, part of the AGC Aerospace & Defense portfolio, is composed of Unitech Composites, Integrated Composites and Hill AeroSystems and leverages the strength of its design, engineering, development, and manufacturing capabilities from the separate companies working as part of one group. The AGC Composites Group provides innovative design services, quick turnaround tooling, as well as the ability to efficiently manufacture both low volume as well as high volume production at competitive rates.

AGC Aerospace & Defense, the unifying brand of private equity group Acorn Growth Companies, is a global supplier of technologies, systems and services that support key commercial and military programs. Capabilities within the AGC Aerospace & Defense portfolio range from financing, engineering, and integration services to manufacturing, logistics, and aircraft modifications. AGC Aerospace & Defense is organized into four operating groups: Composites, Finance, Integrated Defense, and Services.

For additional information about AGC Aerospace & Defense, please visit: http://www.agcaerospace.com.

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AGC Aerospace & Defense Appoints New CFO to Composites Group

CALGARY, ALBERTA and TORONTO, ONTARIO--(Marketwire -05/18/12)- FLYHT Aerospace Solutions Ltd. (formerly Aeromechanical Services Ltd.) (FLY.V) and Star Navigation Systems Group Ltd. (SNA.V) announce that they have reached a full and final settlement of outstanding litigation between them, and that they have agreed to file dismissals of all outstanding claims and counterclaims.

The parties (FLYHT Aerospace Solutions Ltd. (formerly Aeromechanical Services Ltd.), Star Navigation Systems Group Ltd., Star Navigation Systems Inc., Peter Verbeek, and Viraf Kapadia) have agreed to a dismissal of their existing litigation in Ontario on a without costs basis, with no admissions of liability.

About Star Navigation:

Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

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FLYHT Aerospace Solutions Ltd. (formerly Aeromechanical Services Ltd.) and STAR Navigation Systems Group Ltd. Announce ...

Where will the next aerospace super-hub be?

A few stories published this week offer glimpses at the aerospace ambitions of different areas:

Turkey's Industry Minister suggests in this story that incentives could draw General Electric to the country.

United Arab Emirates wants to be a challenger to the United States and Asia as a producer of big aircraft components in a short time in this Reuters piece. The government funded Mubadala Aerospace firm is paving the way for the UAE.

"Our objective is within a decade to be a global leader in composite airframes and a leader in wings and empennage (tail sections)," said Mubadala Aerospace executive director Homaid Al Shemmari.

And, of course, China is in the mix, though James Fallows, a correspondent for The Atlantic, notes the country is its own challenges in this article.

See the article here:

Aerospace ambitions

By Tim Hepher

AL AIN, United Arab Emirates (Reuters) - Ross Bradley welcomes a delegation of aerospace suppliers in from the blistering heat of the Arabian desert and cools them down with some refreshingly candid advice.

"You are too expensive. Please take this message back. We will not put up with prices we are paying today. Unaffordable."

The welcome speech may not always be soothing to the ear but industry visitors keep flocking to the remote oasis town of Al Ain in the United Arab Emirates to see one of the world's newest and best-equipped aerospace factories.

They are drawn by the dramatic rise of an ambitious and increasingly powerful player in the fast-growing aerospace industry, which is investing to make jets cheaper to fly.

Flanked by dunes on an ancient Frankincense route from Yemen to Mesopotamia, the factory is designed to help make lightweight carbon jets that will open up the trade lanes of the future.

It sprang from the desert in record time to spearhead Abu Dhabi's ambitions to diversify its oil-dependent economy and produce high-tech jobs for the company's mainly female local workforce.

"We put the first spade into the sand in September 2009 and when we started you couldn't get here in a vehicle; you had to drive by 4x4 and then walk," says Bradley, chief executive of Strata, the aerostructures business funded by Abu Dhabi.

The project is part of efforts by the UAE's main exporting emirate to boost the non-oil economy to 56 percent of GDP by 2020 and 64 percent in 2030, up from 41 percent in 2005-07.

It is trying to do what many have long considered impossible - to challenge the biggest parts industry players from Asia to the United States in a short time and at even lower cost, while developing a previously unproven workforce.

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UAE's aerospace dream blooms in the desert

MOJAVE, Calif., May 16, 2012 /PRNewswire/ -- XCOR Aerospace today announced the grand prize winner of a trip aboard the Lynx Mark I suborbital launch vehicle. XCOR Chief Operating Officer Andrew Nelson made the announcement at the Spacecraft Technology Expo (STE) in Los Angeles, CA.

(Photo: http://photos.prnewswire.com/prnh/20120516/LA08278)

"About two months ago, we were at an event called the Next-Generation Suborbital Researchers Conference, where together with the Southwest Research Institute (SwRI) we gave away a suborbital flight," said XCOR Chief Operating Officer Andrew Nelson. "We had a winner, and we had a backup.Unfortunately our main winner was unable to accept the prize.Our backup winner, Jennifer Brisco, is now the official recipient of the suborbital flight."

Jennifer, who hails from the San Francisco Bay Area was flown in to the Spacecraft Technology Expo in Los Angeles to receive the prize. She did not know that she had been selected until presented with the award at the Expo.

"It's been my lifetime goal to take a suborbital flight," said Jennifer."This is an absolute dream ... I am in shock right now, I am speechless."

Jennifer, who is a space enthusiast, will be eligible to fly on the Lynx mark I as a suborbital researcher after passing a medical exam and completing a three day training program that includes altitude and G-force exposure.

"XCOR continues to bring down the costs and barriers associated with commercial human spaceflight," remarked Andrew."Reusable Launch Vehicles such as Lynx will usher in a whole new era of accessibility to space by offering routine, affordable and safe trips outside the atmosphere. We look forward to being on the vanguard of this revolution in affordable access to the cosmos."

XCOR Aerospace is a California corporation located in Mojave, California. The company is in the business of developing and producing safe, reliable and reusable rocket powered vehicles, propulsion systems, advanced non-flammable composites and other enabling technologies like rocket piston pumps that enable full reusability. XCOR is working with aerospace prime contractors and government customers on major propulsion systems, and concurrently building the Lynx, a piloted, two-seat, fully reusable, liquid rocket powered vehicle that takes off and lands horizontally. The Lynx-family of vehicles serves three primary missions depending on their specific type including: research & scientific missions, private spaceflight, and micro satellite launch (only on the Lynx Mark III). The Lynx production models (designated Lynx Mark II) are designed to be robust, multi-mission (research / scientific or private spaceflight) commercial vehicles capable of flying to 100+ km in altitude up to four times per day and are being offered globally on a wet lease basis. (www.xcor.com).

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XCOR Aerospace Announces Lynx Suborbital Flight Winner

BOULDER, Colo., May 16, 2012 /PRNewswire/ --Ball Aerospace & Technologies Corp. has submitted its mission concept study to NASA for demonstrating solar electric propulsion (SEP) technologies in space.

(Photo: http://photos.prnewswire.com/prnh/20120516/LA08133)

Ball Aerospace was one of five companies awarded up to $600,000 by NASA in September 2011,to formulate a mission concept to demonstrate the solar electric propulsion technologies, capabilities, and infrastructure required for sustainable and affordable human presence in space. NASA will use the studies to plan and implement a future flight demonstration mission to test and validate those science technologies and capabilities.

"Ball Aerospace recognizes the mission enabling aspect of solar electric propulsion and our customer needs for SEP solutions," said Cary Ludtke, vice president of Ball's Civil and Operational Space business unit. "We believe we're the right-sized company with the right capabilities to take this space technology to the next level."

The current study focused on developing concepts that will be using technology at NASA Technology Readiness Level (TRL) 5 or greater. Ball's mission concept supports NASA's goal to elevate SEP technologies in order to create more efficient and powerful solar-powered flight systems. Ball Aerospace worked with several companies to create an implementable solar electronic technology demonstration mission for NASA including: ATK Space Systems, Busek Co. Inc., Deployable Space Systems, Gray Research Inc., and the Southwest Research Institute.

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 Submits Solar Electric Propulsion Concept to NASA

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

Global Aerospace and Defence Industry

http://www.reportlinker.com/p0459131/Global-Aerospace-and-Defence-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Aerospace

This report analyzes the worldwide markets for Aerospace and Defense Industry in US$ Million by the following Major Industrial Sectors: Aircraft Products & Services (Airframe, Aircraft Engine, Aircraft Components, Commercial Avionics, Military Avionics, In-flight Entertainment, & MRO), Missiles (Air-to-Air, Air-to-Surface, Air Defense, Surface-to-Surface, Antiship, Antitank, Bombs (Guided), Intelligent Munitions, & Others), Modeling, Simulation and Training (CBT & E-Learning, Military Training & Simulation, Commercial & Military Visual Simulation, & Commercial & Military Flight Simulation), C4ISR & Related (Unmanned Aerial Vehicle, Electronic Warfare, Mine Countermeasures, Naval Radar and Sonar, Chemical & Biological Agent Detectors, Infrared Imaging Systems and Components, Military Ground Communications, Land-Based Surveillance Radar, & Others), Space Equipment (Launch Vehicles, Communications Satellites, & Earth Observation Satellites), and GPS (Geotechnologies) (Commercial Satellite Imaging, Commercial Aerial Imaging, GIS Software, Commercial SAR Data, and Commercial SAR Software). Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia Pacific, Middle East, and Latin America. The report profiles 438 companies including many key and niche players such as Arianespace SA, ATR, B/E Aerospace, Inc., BAE Systems Plc, Ball Aerospace & Technologies Corporation, Bell Helicopter Textron, Inc., Bombardier, Inc. Cessna Aircraft Company, CFM International Inc., DAHER-SOCATA, EADS N.V, Airbus S.A.S, Eurocopter, Embraer S.A, Finmeccanica S.p.A., AgustaWestland S.p.A, GE Aviation, Goodrich Corporation, Gulfstream Aerospace Corporation, Hawker Beechcraft Corporation, Honeywell International, Inc., Ilyushin Aviation Complex JSC, IRKUT Corporation, Israel Aerospace Industries Ltd., Kaman Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Pratt & Whitney, Raytheon Company, Rolls-Royce Plc, RUAG AG, Sikorsky Aircraft Corporation, Snecma SA, Thales Group, The Boeing Company, and Turbomeca SA. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

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Global Aerospace and Defence Industry

Listed:TSX Symbol:NAS

CHICAGO , May 14, 2012 /CNW/ - Northstar Aerospace, Inc. (NAS.TO) (the "Corporation") announced today that the forbearance agreement entered into with the syndicate of lenders under the Corporation's existing credit facility has been extended. Under the forbearance agreement, as extended, the lenders have agreed to forbear from the exercise of their rights under the credit facility through June 4 , 2012.

The Corporation is continuing its process of exploring and evaluating strategic alternatives for the Corporation. No assurances can be given that any proposal will result in a transaction or that any such transaction will result in value for all of the various stakeholders of the Corporation after the repayment of secured debt. As previously disclosed in the notes to the Corporation's interim financial statements as of September 30, 2011 , significant doubt remains regarding the Corporation's ability to continue as a going concern.

Northstar Aerospace, Inc. (www.nsaero.com) is North America's leading independent manufacturer of flight critical gears and transmissions. Northstar Aerospace is a public company (NAS.TO) with operating subsidiaries in the United States and Canada. Its principal products include helicopter gears and transmissions, accessory gearbox assemblies, rotorcraft drive systems and other machined and fabricated parts. It also provides maintenance, repair and overhaul of components and transmissions. The Company's executive offices are located in Chicago , Illinois. Its plants are located in Chicago , Illinois; Phoenix , Arizona; Milton and Windsor, Ontario, Canada .

Forward Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. All statements, other than statements of historical fact included in this press release, including the statements in the press release relating to the forbearance agreements, the statements relating to the process of exploring and evaluating strategic alternatives for the Corporation, the statements relating to value for the various stakeholders and the statements relating to the Corporation's financial position and ability to continue as a going concern may be or include forward-looking statements. Forward-looking information contained herein is based upon a number of assumptions and actual future events may differ materially depending on a variety of factors, including the Corporation's ability to cure or resolve claimed breach of obligations under customer contracts, its ability to successfully amend its credit agreement, its ability to successfully extend the terms of the forbearance agreements or for the process of exploring strategic alternatives to result in any specific transaction which provides value to existing stakeholders. Other important factors that could cause actual results to differ materially from the Corporation's expectations (together with the cautionary statements in the previous sentence, "Cautionary Statements") are included in the Corporation's Consolidated Financial Statements for the Years Ended December 31, 2010 and 2009 - Management's Discussion and Analysis - Risks and Uncertainties, the Corporation's Annual Information Form filed on March 25, 2011 , under the heading of Risks and Uncertainties, the Corporation's Consolidated Interim Financial Statements for the three and nine months ended September 30, 2011 , and 2010 under the heading Basis Of Preparation And Adoption Of IFRS - Going Concern and in the related Management's Discussion and Analysis under the heading Risks and Uncertainties and the heading Going Concern. Although the Corporation believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. All information contained in this press release and subsequent written and oral forward-looking statements attributable to the Corporation or persons acting on behalf of the Corporation are expressly qualified in their entirety by the Cautionary Statements. The Corporation disclaims any intentions or obligation to update or revise any forward looking statements or comments as a result of any new information, future event or otherwise, unless such disclosure is required by law.

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Northstar Aerospace announces extension of forbearance agreement

DENVER, May 14, 2012 /PRNewswire/ --Platte River Ventures ("Platte River"), a Denver, CO based private equity firm, announced the sale of its portfolio company, PRV Aerospace, LLC ("PRV Aerospace"), to an affiliate of Court Square Capital Partners ("Court Square"), a private equity firm headquartered in New York, NY.

Headquartered in Everett, WA, PRV Aerospace is an aerospace and defense group that supplies components, subassemblies and assemblies to the world's leading manufacturers of aircraft, aero-equipment and other defense platforms. Comprised of six operating facilities, PRV Aerospace performs complex machining of hard metals and aluminum, sheet metal fabrication, assembly and test, repair and overhaul, and lower tier supply chain management. Platte River formed PRV Aerospace in January 2010 by consolidating the four aerospace operating companies it had acquired between 2006 and 2008, and PRV Aerospace subsequently completed two strategic add-on acquisitions in 2010 and 2011.

"We are proud of the business that Platte River and PRV Aerospace management have built over the past six years, which is the result of our vision to develop a leading aerospace and defense supplier," said Platte River Managing Director Greg Sissel. "Richard Wood and his team have built a strong foundation from which the business can continue to grow into an even more strategic supplier to the leading OEMs and Tier-1s."

"We have had an exceptional relationship with Platte River, and my team and I have valued their strategic insight and guidance over the past several years," said Richard Wood, CEO of PRV Aerospace. "We are pleased that this sale will deliver attractive returns for Platte River's investors and wish them continued success. We now look to build on the strong base we created in close partnership, this time with Court Square."

Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, and Bank of America Merrill Lynch served as the exclusive financial advisor to PRV Aerospace.

About Platte River Ventures

Based in Denver, CO, Platte River Ventures is a private equity firm focused on investments in lower middle market operating companies with enterprise values generally between $20 million and $250 million, as well as strategic add-on investments. The firm focuses on investing in aerospace & transportation, industrial & energy services and chemicals, metals & minerals. Platte River Ventures currently manages funds with committed capital in excess of $300 million. For more information, please visit http://www.platteriverventures.com.

About Court Square Capital Partners

Court Square is one of the most experienced teams in the private equity industry. Since 1979, the team has made over 200 investments including several landmark transactions and has developed numerous businesses into leaders in their respective markets. Based in New York, Court Square invests in companies that have compelling growth potential. The Firm manages over $3.5 billion in aggregate capital commitments while focusing on the following four sectors: business services, general industrial, healthcare and technology/telecommunications. For more information, please refer to the Court Square website at http://www.courtsquare.com.

About PRV Aerospace

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Platte River Ventures Announces Sale of PRV Aerospace, LLC