Dublin, Jan. 30, 2020 (GLOBE NEWSWIRE) -- The "Carbon Fiber in the Aerospace and Defense Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The carbon fiber in aerospace and defense market is expected to reach an estimated $1.56 billion by 2025 with a CAGR of 4.2% from 2020 to 2025.

The future of the carbon fiber in aerospace and defense market looks attractive with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, UAV and Others. The major drivers for the carbon fiber in aerospace and defense market are the increasing demand for advanced high-performance lightweight materials and growing end use industries, growth of aircraft with high carbon fiber penetration such B787, A350WXB, and A380.

Emerging trends, which have a direct impact on the dynamics of the industry, include the Increasing demand of continuous fiber reinforced thermoplastics and growing initiatives for recycling of carbon fiber.

The study includes the trend of carbon fiber in aerospace and defense industry and forecast of the growth opportunities in the carbon fiber in aerospace and defense industry through 2025, segmented by aircraft, by component, by precursor type, by tow size, by modulus, and region.

The analyst forecasts that commercial aerospace will be the largest aircraft by value and the UAV aircraft will witness the highest growth by value during the forecast period. Increasing demand for light weight materials with higher performance benefits in aerospace and defense industry are driving market growth over the forecast period.

By tow size, small tow (less than 24k) is expected to remain the largest segment by volume and witness the highest growth over the forecast period because its mainly use in the aerospace industry owing to high tensile strength.

North America is expected to remain the largest region during the forecast period. The growth of carbon fiber in North American aerospace & defense market is driven by increasing carbon fiber content and growth of aircraft deliveries of B787 and B777.

Some of the features of this report include:

This report answers following 11 key questions:

Q.1. How big are the opportunities in the carbon fiber market in aerospace and defense industry by aircraft (commercial aerospace, regional jets, general aviation, helicopter, military aircraft and UAV), by precursor type (PAN based, pitch based), by tow size (small tow, large tow), by modulus (standard, intermediate, high), and region (North America, Europe, Rest of the World (including APAC)?Q.2. Which product segments will grow at a faster pace and why?Q.3. Which region will grow at a faster pace and why?Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks of carbon fiber in the aerospace and defense market?Q.5. What are the business risks and competitive threats of carbon fiber in the aerospace and defense market?Q.6. What are the emerging trends of carbon fiber in the aerospace and defense market and the reasons behind them?Q.7. What are some of the changing demands of customers for carbon fiber in the aerospace and defense market?Q.8. What are the new developments of carbon fiber in the aerospace and defense market and which companies are leading these developments?Q.9. Who are the major players of carbon fiber in the aerospace and defense market? What strategic initiatives are being taken by key companies for business growth?Q.10. What are some of the competing products for carbon fiber in the aerospace and defense market and how big of a threat do they pose for loss of market share by product substitution?Q.11. What M&A activity has occurred in the last have years and what has its impact been of carbon fiber in the aerospace and defense industry?

Key Topics Covered

1. Executive Summary

2. Market Background and Classifications2.1: Introduction, Background, and Classification2.2: Supply Chain2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2014 to 2025 3.1: Macroeconomic Trends and Forecast3.2: Carbon Fiber in the Aerospace and Defense Market Trends and Forecast 3.3: Carbon Fiber in the Aerospace and Defense Market by Aircraft Type3.3.1: Commercial Aerospace3.3.2: Regional Jets3.3.3: General Aviation3.3.4: Helicopters3.3.5: Military Aircraft 3.3.6: UAVs3.4: Carbon Fiber in the Aerospace and Defense Market by Component3.4.1: Primary3.4.2: Interior3.4.3: Engine 3.4.4: Others3.5: Carbon Fiber in the Aerospace and Defense Market by Precursor Type3.5.1: Pan Type3.5.2: Pitch Type3.6: Carbon Fiber in the Aerospace and Defense Market by TOW Size 3.6.1: Small Tow (< 24k)3.6.2: Large Tow (>24k)3.7: Carbon Fiber in the Aerospace and Defense Market by Modulus3.7.1: Standard3.7.2: Intermediate 3.7.3: High

4. Market Trends and Forecast Analysis by Region4.1: Carbon Fiber in the Aerospace and Defense Market by Region4.2: North American Carbon Fiber in the Aerospace and Defense Market4.3: European Carbon Fiber in Aerospace and Defense market4.4: RoW (Including APAC) Carbon Fiber in the Aerospace and Defense Market

5. Competitor Analysis5.1: Market Share Analysis 5.2: Operational Integration5.3: Geographical Reach5.4: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis6.1: Growth Opportunity Analysis6.1.1: Growth Opportunities for Carbon Fiber in the Aerospace and Defense Market by Aircraft Type6.1.2: Growth Opportunities for Carbon Fiber in the Aerospace and Defense Market by Component6.1.3: Growth Opportunities for Carbon Fiber in the Aerospace and Defense Market by Precursor Type6.1.4: Growth Opportunities for Carbon Fiber in the Aerospace and Defense Market by Region 6.2: Emerging Trends of Carbon Fiber in the Aerospace and Defense Market6.3: Strategic Analysis6.3.1: New Product Development6.3.2: Capacity Expansion of Carbon Fiber in the Aerospace and Defense Market6.3.3: Mergers, Acquisitions, and Joint Ventures of Carbon Fiber in the Aerospace and Defense Market6.3.4: Certification and Licensing

7. Company Profiles of Leading Players7.1: Toray Industries Inc. 7.2: Hexcel Corporation7.3: Mitsubishi Rayon Corporation Limited7.4: Cytec Solvay Group7.5: SGL Carbon Group7.6: Teijin Limited

For more information about this report visit https://www.researchandmarkets.com/r/ju8uep

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CONTACT: ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

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Carbon Fiber in the Aerospace and Defense Market, 2020-2025 - Promising Opportunities in Commercial Aircraft, Regional Aircraft, General Aviation,...

BREA, California, Jan. 30, 2020 /PRNewswire/ -- Consolidated Aerospace Manufacturing, LLC ("CAM") announced today that it entered into an agreement to be acquired by Stanley Black & Decker, Inc. (SWK). This transaction is subject to regulatory approvals and other customary closing conditions. CAM designs and manufactures innovative, highly engineered hardware and fastener solutions for demanding aerospace applications worldwide. CAM is controlled by Tinicum L.P. and affiliated partnerships managed by Tinicum Incorporated.

CAM's products include fasteners, fittings, couplings, latches, quick release pins, tubing subassemblies and other complex components and assembled products. The company was founded in 2012 and has consolidated eight businesses that each carry strong brands, industry leading technical expertise, deep customer relationships and over 40 years of history in providing industry-leading service and solutions to commercial aerospace and defense customers.

"We specialize in collaborating with our customers to develop application-based solutions that satisfy their specific needs," saidPeter George, CEO of CAM. "We have enjoyed tremendous support under the ownership of Tinicum, during which we invested heavily in upgrading the equipment and facilities of the businesses we integrated, in addition to strengthening our engineering and management resources. The CAM management team is grateful for the Tinicum partnership that was a central part of the company's growth. We are extremely pleased to be taking this next step of joining Stanley Black & Decker. Being part of such a capable industrial company will enable us to further expand our company's resources globally, including accelerating the development of new products and pursuing acquisitions, allowing us to better serve the needs of our customers."

"Our team is excited about the prospect of welcoming CAM to the Stanley Black & Decker family to further diversify our Industrial business segment," said STANLEY Industrial President John Wyatt. "With its well-recognized brands, proven business model and experienced management team, CAM will play a significant role in the growth of our Industrial business and company overall."

CAM was advised in the transaction by Lazard (lead financial advisor), Lincoln International (financial advisor), Sullivan & Cromwell LLP (lead legal counsel) and Montgomery McCracken Walker & Rhoads LLP (legal counsel).

About Stanley Black& DeckerStanley Black & Decker is a $14 billion revenue, purpose-driven industrial organization. With 58,000 employees in more than 60 countries, it operates the world's largest tools and storage business, the world's second largest commercial electronic security company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses.

For more information about Stanley Black and Decker visit http://www.stanleyblackanddecker.com

About Tinicum IncorporatedTinicum is a private investment firm with more than 30 years of experience investing in private and public companies. Tinicum invests in businesses for the long term and seeks to partner with owners, families and managers who share a similar approach. For more information about Tinicum visit http://www.tinicum.com

For more information about CAM visit http://www.camaerospace.com

Contact:Media Steven Chevillotte schevillotte@conaeromfg.com714.833.2683

Logo - https://mma.prnewswire.com/media/1083705/CAM_Logo.jpg

SOURCE Consolidated Aerospace Manufacturing, LLC

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Consolidated Aerospace Manufacturing to be Acquired by Stanley Black & Decker - Yahoo Finance

Advanced Chemical Etching (ACE)s prototype and low volume parts are in demand from customers in more than 15 countries.

Employing 60 people at its Hortonwood site, the companys ability to etch in aluminium and titanium has seen it play a major role in the development of heating elements for ice protection on aircraft and high-performance interconnectors and bipolar plates commonly used in automotive battery packs and fuel cells respectively.

These are all identified as major growth areas for the business, which is set to celebrate its 20th birthday in 2020.

The parts we produce are very complex and there are not many firms with our capacity or capability, explained Chris Ball, executive director at ACE.

Our different etching processes have been developed to deliver the tightest of tolerances and over 600,000 has been invested in the last year in new equipment to ensure we can produce up to 2,000 sheets per day a massive increase on this time last year.

He continued: Automotive and aerospace are committed to reducing emissions and our technology lends itself to taking weight out of the equation, whether that is melting ice or supporting new battery technology.

Were already working on a number of projects that should come to fruition this year and have the potential to change the way cars, drones, space vehicles and aircraft are powered.

ACE, which has been supported by the Department for International Trade (DIT) with reviews of its website and agent network to help maximise sales, specialises in the development of prototype components, pre-production and volume fulfilment to customers in aerospace, automotive, electronics, medical, telecoms and renewables.

The scope of its activities is far and wide and can include anything from safety critical components for aircraft and F1 cars to meshes and electronic connectors and even frames for designer glasses.

All parts are developed and manufactured at its main site in Telford or at the companys dedicated sister business, ACE Forming Limited, in Kingswinford.

The latest production machinery, a dedicated laboratory and state-of-the-art measuring capability ensures it works to the most exacting tolerances and can manufacture components in materials, such as stainless steel, nickel alloys, copper, beryllium copper, phosphor bronze, brass and, thanks to groundbreaking new processes, aluminium, molybdenum, titanium, nitinol and elgiloy.

Ian Whateley, managing director, continued: 2020 is going to be a big year for our business and weve started by launching a new brand and website.

Export is also a major target and we have set about increasing our number of agents in key territories, including Germany, the Netherlands and Asia. Supporting this will be the launch of international websites with their own international domains.

ACE spent 600,000 in 2019 on upgrading its facility in Telford and has just pressed the button on a further 250,000 investment to help it continue to win new work.

Pre and post cleaning machines have been installed to make the company quicker and new auto loaders have been added on to the lines to aid a move to lights-out manufacturing in some parts of production.

ACEwww.ace-uk.net

Michael Tyrrell

Digital Coordinator

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ACE on track for export boost thanks to aerospace and automotive orders - PES Media

Following the opening of a 60,000-sq-ft facility expansion last year, Able Aerospace Services has added new machinery that will double the bandwidth of its machining department and increase its business opportunities, the Textron Aviation subsidiary announced yesterday. Ables upgrades include a machining center, a new next-generation lathe and mill, and enhanced grinding capabilities.

These machines add significant capacity to our repair pipeline, said Able general manager Michael Vercio. They also allow Able to service new sizes and categories of parts, including full helicopter transmission cases and large-scale commercial fixed-wing components. The expanded capabilities allow us to complete a larger range of repairs in house and offer improved efficiency to our customers.

Last year, the Mesa, Arizona-based aircraft component repair and overhaul specialist began undertaking work on the landing gear of the Boeing 737 Next Generation, part of the reason behind its $3 million expansion. Its enhanced capabilities extend to automating its repair and overhaul process to accommodate parts weighing up to 4,000 pounds and measuring up to 80 inches in length.

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Able Aerospace Expands Repair, Overhaul Capabilities | Business Aviation News - Aviation International News

Haydale Graphene Industries PLC () has lowered its expectations for this year after slow sales in the US and UK.

US unit HCThas seen disappointing demand for silicon carbide (SiC) whiskers and blends, while the new blanks production line started later than scheduled in November.

Interest has been very strong subsequently but problems for key customers in the aerospace industry mean the shortfall will not be made good in the second half.

UK orders have also been slower to come through than anticipated and while sales are up, they, too,have undershot expectations, said theAmmanford-based business.

Haydale has reduced overheads by 900,000 and closed its Taiwan operation though there will be a 410,000 revenue hit from this action in the second half.

Keith Broadbent, chief executive, remains upbeat about the longer-term potential.

: "Whilst the decision to close Haydale Taiwan, the later than expected commissioning of the blanks line and the slowdown in the aerospace sector in the US has affected our short-term revenues, the directors remain committed to delivering the commercial priorities that we have set the group.

"The new global sales team is already delivering positive results with a strong pipeline of profitable opportunities being actively pursued," he said.

The group's cash position was 2.7mln as at 31 December.

Haydale will publish its interim numbers to end-December on 27 February.

Read more here:

Haydale Graphene hit by aerospace sector turbulence - Proactive Investors USA & Canada

At a ceremony Sunday, leaders from Collins Aerospace Systems helicopter rescue hoist business presented the Texas Department of Public Safety (DPS) with the companys Rescue of the Year Award. Each year, Collins Aerospace honors one of its Goodrich hoist customers for a particularly daring helicopter rescue executed using the companys hoist. This year, Texas DPS was recognized for rescues it carried out during a flood in Junction, Texas, in October 2018. Collins Aerospace is a unit of United Technologies Corp.

After Junction received more than 18 inches of rain in less than 24 hours, the Llano River breached its banks and began flooding the surrounding area at a rate of 120 cubic feet per second. A nearby recreational vehicle campground was completely consumed by the rising water, which left trailers turned upside down and residents swept away or stranded in trees.

DPS 107 aircrew members Cpt. Shawn Stephenson, Lt. Jeff Evans and Texas Highway Patrol Tech. Sgt. Steven Tippett were called in to assist with water rescues in the Junction area. Working together, the crew saved the lives of four campground residents over the next few hours, including one woman who had spent nearly five hours in the Llano River and drifted 23 miles before being rescued by the aircrew after multiple attempts.

In all my 21 years in law enforcement, including 11 years in the Aviation Operations Division, these rescues rank among the most technically difficult ones that Ive ever seen our crews conduct, said Texas DPS Maj. Jim Rohrman. During the flood, the water reached speeds of nearly 30 mph and four residents lost their lives. If it were not for the quick response, timely decision-making and technical expertise of Stephenson, Evans and Tippett, its likely that number wouldve been even higher.

Collins Aerospace is pleased to recognize Texas DPS with this years Rescue of the Year Award, said Cory VanBuskirk, general manager, Hoist and Winch for Collins Aerospace. As in the case of the Llano River flood, we recognize that our hoists play an integral role in the search and rescue operations of our customers, and we are committed to providing them with the industrys most advanced products in order to support their life-saving missions.

Collins Aerospace is one of the leaders in todays helicopter hoist rescue community. With nearly 40 different models of Goodrich hydraulic and electric rescue hoists and cargo winches, the company estimates it has more than 7,000 airborne hoists placed throughout the global fleet on commercial and military platforms.

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Collins Aerospace honors TDPS with Rescue of the Year Award - Vertical Magazine

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Industrial conglomerate Honeywell reports earnings Friday morning before the market opens.

It is an important report. Honeywell (ticker: HON), after all, is one of the largest industrial companies in the world. Its businesses touch nearly every sector of the economy, including aerospace, technology, logistics, retail and energy. Company earnings, however, dont always get the attention they deserve, because Honeywell isnt a stock that draws widely divergent opinions.

Take aerospace peer General Electric (GE). Wall Street price targets range from $5 to $18 a share. The $13 spread is more than 100% of the current stock price, far wider than the average bull-bear spread for stocks in the Dow Jones Industrial Average. And the $5 target is more than 60% below current levels.

Street targets for Honeywell stock range from $163 to $208 a share. The $45 spread is about 25% of the current stock price and the $163 a share is just 7% lower than current levels.

The biggest problem investors have with Honeywell shares these days is valuation. The stock trades for 20 times estimated 2020 earnings, about an 8% premium to stocks in the S&P 500.

Analysts expect Honeywell earnings to exceed estimates, because that is what usually happens. Heres what else to expect on Friday, along with some recent history.

Barrons recently wrote positively about Honeywell, believing the company is in the midst of a transformation to a higher-market, software-industrial hybrid. We still feel that way. But since that article appeared in November, the stock is down about 3%, trailing the S&P 500 by about 8 percentage points.

Over the past 12 months Honeywell stock is up about 24%.

Write to Al Root at allen.root@dowjones.com

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Honeywell Reports Earnings Tomorrow. Heres What to Expect. - Barron's

HTF Market Intelligence added research publication document on Global Aerospace and Defense Telemetry Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging bothqualitative and quantitative information of Aerospace and Defense Telemetry market. The study provides valuable market size data for historical (Volume** & Value) from 2014 to 2018 which is estimated and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled are BAE Systems, Cobham, Curtiss-Wright Corporation, Dassault Aviation, Finmeccanica, Honeywell International Inc., Kongsberg Gruppen, Orbit Technologies & Zodiac Aerospace.

Click to get Global Aerospace and Defense Telemetry Market Research Sample PDF Copy Now

1. Growth & Margins

Players that are having stellar growth track record is a must see view in the study that Analyst have covered. From 2014 to 2018, some of the company have shown enormous sales figures, with net income going doubled in that period with operating as well as gross margins constantly expanding. The rise of gross margins over past few years directs strong pricing power of the competitive companies in the industry for its products or offering, over and above the increase in the cost of goods sold.

2. Industry growth prospects and market share

According to HTF MI, major business segments sales figure will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Type (, Radio & Satellite), by End-Users/Application (Along with the advanced application of the telemetry technologies, the R&D time required for aerospace and defense activities has gradually reduced. Also, since telemetry systems are critical for the aerospace and defense applications, the telemetry market has also grown along with the growth in aerospace activities), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Aerospace and Defense Telemetry market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in some Asian countries opening new doors of opportunities, where CAGR is expected to be in double digits ##% from 2019 to 2026. This forecast of industry players hints good potential that will continue growth along with the industrys projected growth.

Check for more detail, Enquire @https://www.htfmarketreport.com/enquiry-before-buy/1594186-global-aerospace-and-defense-telemetry-market-2

3. Ambitious growth plans & rising competition?

Industry players are planning to introduce new products launch into various markets around the globe considering applications / end use such as Along with the advanced application of the telemetry technologies, the R&D time required for aerospace and defense activities has gradually reduced. Also, since telemetry systems are critical for the aerospace and defense applications, the telemetry market has also grown along with the growth in aerospace activities. Examining some latest innovative products that are vital and may be introduced in EMEA markets in last quarter 2019 and 2020. Considering all round development activities of BAE Systems, Cobham, Curtiss-Wright Corporation, Dassault Aviation, Finmeccanica, Honeywell International Inc., Kongsberg Gruppen, Orbit Technologies & Zodiac Aerospace, some players profiles are worth attention seeking.

4. Where the Aerospace and Defense Telemetry Industry is today

Though latest year might not be that encouraging as market segments especially , Radio & Satellite have shown modest gains, growth scenario could have been changed if BAE Systems, Cobham, Curtiss-Wright Corporation, Dassault Aviation, Finmeccanica, Honeywell International Inc., Kongsberg Gruppen, Orbit Technologies & Zodiac Aerospace would have plan ambitious move earlier. Unlike past, but decent valuation and emerging investment cycle to progress in the North America, Europe, Asia-Pacific etc., many growth opportunities ahead for the companies in 2020, it looks descent today but stronger returns would be expected beyond.

Buy full version of this research study @https://www.htfmarketreport.com/buy-now?format=1&report=1594186

Insights that Study is offering :

Market Revenue splits by most promising business segments. [By Type (, Radio & Satellite), By Application (Along with the advanced application of the telemetry technologies, the R&D time required for aerospace and defense activities has gradually reduced. Also, since telemetry systems are critical for the aerospace and defense applications, the telemetry market has also grown along with the growth in aerospace activities) and any other business Segment if applicable within scope of report] Market Share & Sales Revenue by Key Players & Local Emerging Regional Players. [Some of the players covered in the study are BAE Systems, Cobham, Curtiss-Wright Corporation, Dassault Aviation, Finmeccanica, Honeywell International Inc., Kongsberg Gruppen, Orbit Technologies & Zodiac Aerospace] A separate section on Entropy to gain useful insights on leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Development Activity Including seed funding] Competitive Analysis: Company profile of listed players with separate SWOT Analysis, Overview, Product/Services Specification, Headquarter, Downstream Buyers and Upstream Suppliers. Gap Analysis by Region. Country break-up will help you dig out Trends and opportunity lying in specific territory of your business interest.

Read Detailed Index of full Research Study at @https://www.htfmarketreport.com/reports/1594186-global-aerospace-and-defense-telemetry-market-2

Thanks for showing your interest; you can also get individual chapter wise section or region wise report version like ASEAN, GCC, LATAM, Western / Eastern Europe or Southeast Asia.

About Author:

HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the Accurate Forecast in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their Goals & Objectives.

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Aerospace and Defense Telemetry Market Riding the next wave of disruption Dagoretti News - Dagoretti News

Boeing doubled its projection of the cost of the 737 MAX crisis Wednesday, adding another $9.2 billion in losses, accounting write-offs and estimated higher future production costs. This brings the total to $18.4 billion.

The company reported a full-year net loss of $636 million, the largest in Boeings history.

In additional bad news, the company announced a further cut in the production rate of the 787 Dreamliner, which will slow production at the widebody jet plant in Everett.

But new CEO Dave Calhoun said hes confident about the MAX and Boeings eventual recovery. We will get through this moment, he said. I believe well deliver the safest airplane in the sky.

He also insisted that Boeings culture and its recent corporate focus on finances and cost-cutting were not factors in the companys flawed design process that led to the two MAX crashes that killed 346 people.

Calhoun said getting the MAX safely returned to the skies will be Boeings overriding priority.

Invoking the companys legacy of safety and quality, he cited the weekends successful first flight of the massive 777X airplane as a proof point of Boeings engineering and technical prowess.

One analyst said Wednesdays report described a kitchen sink quarter, suggesting that as a new CEO, Calhoun wants to put all of the companys negative news out at once.

The decision to cut the 787 Dreamliner production rate further was not a surprise, given sluggish near-term demand for widebody jets and a dwindling backlog of 787 orders.

Boeing produces 14 of those jets per month, seven each inEverett and in North Charleston, S.C. The company hadpreviously said that it would go down to 12 jets per monthin late 2020.

On Wednesday, the company conceded that outlook had been too optimistic and said it will cut the rate to 10 jets per month in early 2021. Chief financial officer Greg Smith said a decision will be made later on whether to maintain the even split of work between Everett and North Charleston.

Boeing said it hopes to hike the rate back to 12 jets per month in 2023.

That will depend on orders from China coming through after the trade tension with the U.S. eases. Even then, Boeing doesnt anticipate returning to the 14 jets per month production level.

Yet the 787 news was swamped by the sea of red ink flowing from the MAX crisis.

While the rest of the company was profitable, absorbing the MAX hitresulted in an overall fourth-quarter loss from operations of $2.2 billion and a net loss of just over $1 billion.

The new additional costs of the MAXs grounding include aone-time accounting write-off of $2.6 billion related to paying compensation and making concessions to airline customers.

Boeing also estimated that reduced 737 production would add $2.6 billion in additional costs, related to the increase in overhead costs as more time is needed to deliver airplanes than planned after the halt in production and the anticipation of a slow ramp-up over an extended period after production resumes.

And, finally, Boeing projected another $4 billion that it will absorb as losses in the year ahead not reflected in the 2019 financial results to cover abnormal production costs to be incurred during the suspension and gradual resumption of production at low production rates.

Boeing had estimated the total cost of the grounding through the end of September at $9.2 billion. Wednesdays additional $9.2 billion projection covers the impact from October through the anticipated return of the MAX to service, which Boeing has said it expects by midsummer.

The loss for 2019 doesnt take into account the $4 billion projection for abnormal costs in 2020.

Calhoun, who took charge earlier this month after the board fired Dennis Muilenburg, said in a statement that Boeing is financially strong enough to withstand this accumulation of losses.

We recognize we have a lot of work to do. We are focused on returning the 737 MAX to service safely and restoring the long-standing trust that the Boeing brand represents with the flying public, Calhoun said. Fortunately, the strength of our overall Boeing portfolio of businesses provides the financial liquidity to follow a thorough and disciplined recovery process.

Asked how Boeing had missed the design problems with the new MAX flight-control system the Maneuvering Characteristics Augmentation System (MCAS) he reiterated previous comments that the design made incorrect assumptions about pilot reaction, assumptions also made by the regulators.

That is a very discrete, very specific engineering decision that ultimately was flawed. We all wish it wasnt, Calhoun said in a teleconference following the earnings report.

I dont think culture contributed to that miss, he said, adding that he has spoken directly to the engineers who designed MCAS and that they thought they were doing exactly the right thing, based on the experience theyve had.

However, Calhoun conceded that, beyond the design of MCAS, there may be broader culture issues at Boeing related to schedule and cost pressures.

During the teleconference with media, he was asked specifically about a detail that emerged earlier this monthwhen Boeing disclosed to investigators a trove of internal Boeing emails and instant message conversations.

Those documents showed that Boeings chief technical pilot on the MAX, Mark Forkner, considered it a crucial mission to dissuade Lion Air from its plan to require simulator training for its pilots. This wasmore than a year before one of Lion Airs MAX planes crashed, killing 189 people.

Calhoun responded that whether culture and schedule in any shape or form may have led to a bad recommendation on [pilot] training is something hes going to take very seriously.

I cant stand the thought, he added.

For the full year, Boeings 2019 revenue was $76.6 billion, down from $101 billion in 2018.

The net loss for the full year was $636 million, or $1.12 per share, compared with a 2018 profit of $10.4 billion, or $17.85 per share.

Within the Commercial Airplanes division, revenue for the year dropped 44% compared to 2018 as its jet deliveries fell by more than 400. The unitsloss from operations was $6.7 billion compared to a 2018 profit of $7.8 billion.

In the fourth quarter, company revenue was $17.9 billion, down 37% from $28.3 billion a year earlier. The net loss for the fourth quarter was $1 billion, or $1.79 per share, compared with a 2018 profit of $3.4 billion, or $5.93 per share.

As if its Commercial Airplanes division hadnt delivered enough bad news, Boeing also booked a further $410 million write-offdue to the recent setback of its Commercial Crew space program for ferrying astronauts and cargo to the International Space Station.

In December, a software error cut short the first orbital test flight of the Starliner crew capsule. The write-off will cover the cost of a potential additional uncrewed mission to get the program back on track.

In a note to investors Wednesday, Rob Stallard, a financial analyst with Vertical Research partners, referred to the earnings results as the Kitchen Sink quarter, implying that new CEO Calhoun wanted to get all the bad news out of the way as he begins his tenure.

However, as Stallard noted, with the MAX still not in the air, Boeings financial guidance remains suspended and the markets will need reassurance that this really is the lowest point of the MAX crisis.

Despite the size of the newly projected cost of the MAX crisis, it was somewhat smaller than Wall Street analysts had feared. Expectations were for something worse, said Ron Epstein, an analyst with Bank of America.

The consensus forecast among analysts was that Boeing would write off another $4.6 billion in customer compensation to the airlines, rather than the $2.6 billion Boeing projected. Epstein saidthat estimate could rise later. Its their best guess at this time, given the conversations theyve had with airlines.

The stock market took solace in the losses being less than expected and seemed to anticipate that things can only get better: Boeings stock closed at $321.83 for the day, up $5.27, or 1.7%.

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Boeing reports worst full-year loss in its history, but CEO Calhoun vows well get through it - Seattle Times

Published: Thursday, Jan 30th, 2020

The shape of the UKs future relationship with the EU will be crucial for Wales aerospace industry, the First Minister said as he visited Airbus.

Speaking as the UK prepares to leave the EU, Mark Drakeford today reaffirmed the Welsh Governments longstanding commitment to its partnership with Airbus during a visit to the Broughton plant with Economy and North Wales Minister Ken Skates.

Airbus employs more than 6,000 people at its Broughton site and 500m is spent every year in the Welsh supply chain with more than 100 direct suppliers.

First Minister Mark Drakeford said: I welcome Airbus commitment to working with the Welsh government to secure the future of its British wing plants and to identify opportunities for expansion in the future

When the UK officially leaves the EU tomorrow, our future economic relationship with the EU will not be settled. We are only at the beginning of the next phase of the negotiations.

What is crucial now for Airbus, and other employers, businesses and industries is the shape of our future relationship with the EU.

The forthcoming negotiations will be vitally important to Wales. I repeat my calls that Wales, together with the other devolved administrations, must be fully involved in this process. Only we will stand up for Wales.

We want the best possible access for all businesses in Wales to the EU so they can trade freely with no barriers or extra costs.

Economy and North Wales Minister Ken Skates said: Airbus is a magnet company in North Wales. Its impact and influence extends far beyond this site here in Broughton.

We will continue to support Airbus and the aerospace industry, which is such a key part of the Welsh economy.

I am pleased to see that Airbus will continue to be in a strong position and I look forward to our continued co-operation on exciting developments for North Wales, including the 20m Advanced Manufacturing Research Centre opened last year in Broughton.

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UK's future relationship with EU crucial for Wales' aerospace industry saus First Minister on visit to Airbus in Broughton - Deeside.com

Global Aerospace Thermal Management System Market research report, added by Market Study Report LLC, is covering all major industry aspects and touches key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

This research study on the Aerospace Thermal Management System market details an exhaustive evaluation of this business space, along with a concise outline of its various segments. The study provides an insight into the market scenario it offers a basic overview of the industry with regards to its present stance. Also, the market size, based on revenue and volume, is provided. The report likewise features significant bits of knowledge relating to the provincial ambit of the market as well as the key firms with a definitive status in the Aerospace Thermal Management System market.

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Aerospace Thermal Management System Market Size Industry Analysis, Share, Growth, Trends, and Forecast 2019-2025 - Technology Magazine

News Desk

Israel Aerospace Industries (IAI) will unveil the HERON MK II, a Multi Altitude Long Endurance (MALE) Unmanned Aerial Vehicle (UAV), at the upcoming Singapore Airshow. The HERON MK II is an updated model of the HERON UAV, which is used by the Israeli Air Force and is operational with over 20 other organizations worldwide. Using the most advanced technologies developed by IAI to date, the HERON MK II is a strategic and versatile aircraft capable of carrying diverse payloads.

As a member of the HERON family, the HERON MK II has a significant appeal to HERON customers around the world as it operates under the same operational concepts. The operational concepts are based on the vast knowledge and experience gained by IAI in the field of UAVs for nearly 50 years of operation, more than 1,800,000 cumulative flight hours, and over 50 operational customers.

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Israel Aerospace Industries (IAI) to Unveil the HERON MK II at Singapore Airshow - Weekly Blitz

WINDSOR LOCKS, Conn. -- Collins Aerospace Systems, a unit of United Technologies Corporation has signed a contract with Lockheed Martin to provide critical subsystems to support production of NASAs Orion spacecraft fleet for Artemis missions III through VIII. Valued at $320 million, the systems being provided by Collins Aerospace will play an important role in enabling NASAs goal of boots on the Moon by 2024, as well as establishing a sustained presence on and around the Moon to prepare for missions to Mars.

Weve been providing life-sustaining solutions for space for 50 years, and were proud to be working with Lockheed Martin and NASA to enable decades of future exploration to the Moon, Mars and beyond, said Kevin Raftery, vice president and general manager, ISR and Space Solutions for Collins Aerospace.

Work for the systems being provided for Orion will be performed at Collins Aerospace facilities across the country, including the location in Rockford.

Other locations are:Windsor Locks, ConnecticutHouston, TexasSan Dimas, California

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Collins Aerospace signs $320 million contract with Lockheed Martin - WIFR

MIDWEST CITY, Okla. (KFOR) State leaders are hosting a free career fair in hopes of helping aerospace companies fill open positions.

Oklahoma Aerospace Commerce Economic Services, a division of the Oklahoma Department of Commerce, is set to host a free career fair for job seekers.

From 10 a.m. to 3 p.m. on Jan. 22, some of Oklahomas leading aerospace companies will meet at Rose State Colleges Hudiburg Chevrolet Center to discuss open positions in the industry, provide tips to job seekers, and conduct on-the-spot interviews.

ACES has identified workforce development as a primary focus in our strategy to advance Oklahomas aerospace industry, ACES Program Director Lt. General Don Wetekam said. There are currently more than 1,500 aerospace-related job openings in the Oklahoma City area alone and we have a goal of adding 10,000 more to our state in the next five years. Events like this career fair are vitally important to help fill current job openings and keep up with the demands of our states second-largest industry.

The career fair is open to all job seekers. Early entry will be available for Rose State College students, veterans, veteran spouses, and active duty military at 9 a.m.

For more information, click here.

35.449506-97.396702

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Aerospace companies hoping to fill 1,500 open positions in Oklahoma City area - KFOR Oklahoma City

The Galley here provides four meals a day, breakfast, lunch, dinner, and midrats (midnight rations, this is an ex-Naval base, so they use a lot of Navy terminology).

If you arent bothered by the lack of fresh fruits, vegetables, and eggs, the meals provided by the galley staff are great.

It's cafeteria style, but theres plenty of choices and they even make it possible to keep up most diets while youre here (vegetarian, keto, gluten-free, etc). We look forward to mealtimes as a good opportunity to set work aside for a moment and enjoy a cup of coffee with coworkers and friends.

The holiday season is a pretty big deal around McMurdo. From Christmas dinner, to holiday parties and art galleries, there are many activities centered around the season.

For celebrations, the galley breaks out special foods theyve imported just for these events. They also had a Christmas party with a Santa sitting in the back of a Pisten Bully snowcat! All this was topped off with the annual Christmas Day baseball tournament held down by the sea ice.

What a privilege it is to be among those able to follow in the footsteps of those early pioneers of science.

A special treat was getting to step inside Scotts 1902 Discovery Hut from one of his early voyages to Antarctica. Other than the weather, there isnt much here to damage or break down the building over the years. We were excited to see that some of their original scientific experiments were still visible! What a privilege it is to be among those able to follow in the footsteps of those early pioneers of science.

Right next to the hut was a small group of Adlie Penguins out on the ice harassing the sunbathing seals.

The New Year celebration gets its own spotlight at McMurdo. The biggest celebration for this holiday is the annual Icestock, the southernmost music festival in the world, with bands made up of USAP staff and NSF grantees/employees performing until midnight.

Icestock was probably the longest I have spent outside in my whole time down here, and it was definitely not a warm day.

It was surreal counting down to 2020 with the sun still far above the horizon -- the next sunset in Antarctica won't be until March 3! New Years day itself saw a lot of hikers exploring the area around the base via the various hiking trails. Im looking forward to venturing out for some hiking when the chance presents itself.

We are having a great time down here so far, enjoying the opportunity to learn about our own work, as well as the work our new friends are doing. Dr. Chu has run this campaign for almost 10 years now; it is a long campaign for many reasons, but one of the main goals is to identify how the behavior of the atmospheric layers relate to long-term solar and terrestrial events.

Weve been learning about the lidar system all semester, and took a whole lidar class back in Boulder but are thrilled to finally get our hands on the actual system itself.

The lidar is being operated for the Antarctic winter by two of Dr. Chu's research assistants, Cissi Lin and Xianxin Li. Amanda and I are training so that in the coming years, well be able to run the system over the winter. Weve still got about six weeks left on this deployment, and theres a lot of work to be done!

Good luck to our lidar team members over the long winter!From left: Jandreau, Amanda Steckel, Cissi Lin, Xinzhao Chu, and Xianxin Li.

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24 hours of sunlight life and aerospace research in Antarctica - CU Boulder Today

Woodward and Hexcel are merging in an all-stock deal that would create one of the largest suppliers in the aerospace and defense industry.

The companies say the tie-up will allow them to create more efficient aircraft that will reduce emissions, a big hurdle for the aerospace industry.

The future of flight and energy efficiency will be defined by next-generation platforms delivering lower cost of ownership, reduced emissions, and enhanced safety and a combined Hexcel and Woodward will be at the forefront of this evolution, Hexcel CEO Nick Stanage said in a prepared statement.

Hexcels stock jumped 9.6% at the opening bell Monday. Shares of Woodward rose 5.1%.

The new company, called Woodward Hexcel, will generate more than $5 billion in annual sales with a market capitalization nearing $14 billion and more than 16,000 employees.

Woodward Hexcel will have manufacturing operations in 14 countries on five continents.

Both companies supply Airbus and Boeing, including parts for the 737 Max. With Boeing ensnared in one if its biggest crisis following the crash of two of its marquee aircraft, industry analysts speculate the deal may have been pushed forward to better position the combined company with Airbus.

With Airbus share of the commercial aerospace market likely to gradually rise, Woodward believes Hexcels strong European sales force and Airbus market position should help it rapidly expand its market position, analyst Nicholas Heymann of William Blair wrote.

Hexcel shareholders will receive a fixed exchange ratio of 0.625 shares of Woodward Inc. common stock for each share of Hexcel Corp. stock that they own. Woodward shareholders will continue to own the same number of shares in the combined company as they do immediately prior to the closing.

Existing Woodward shareholders will own about 55% of the combined company, with Hexcel shareholders owing about 45%.

Stanage will serve as CEO of the combined company. Woodward President, Chairman and CEO Tom Gendron will serve as executive chairman of the combined company until the first anniversary of the mergers closing. At that time Gendron plans to retire and will then serve as non-executive chairman of the combined company until the second anniversary of the mergers closing. At that point, Stanage will take on the additional role of chairman.

The combined companys board will have 10 members, consisting of five directors from each company, including Gendron and Stanage.

The combined business will be based in Fort Collins, Colorado, where Woodward has its headquarters. Hexcel is based in Stamford, Connecticut.

The deal is expected to close in the third quarter. It still needs approval from the shareholders of both companies, as well as regulatory approvals.

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Woodward, Hexcel attempt to become a force in aerospace - Seattle Times

DUBLIN, Jan. 15, 2020 /PRNewswire/ -- The "Global Aerospace & Defense Market - Annual Review - 2020 - Key Trends, Issues & Challenges, Growth Opportunities, Force Field Analysis, Market Outlook" report has been added to ResearchAndMarkets.com's offering.

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Global Defense Spending has been on a steady upswing since the past couple of years with the same reaching the highest levels, since the post cold war low of 1998, driven by the radical transformation of geopolitical dynamics and equations with the dismantling of traditional rule based world order and the transition away from the typical unipolar world, which had prevailed since the end of Cold war.

The same has been further exacerbated by the Trump led U.S. administration's squandering of the traditional global leadership role which has led to realignment of relationships with the traditional NATO & other key allies with the mandate to increase defense spending to 2% of the GDP level.

The continued development of military capabilities by China & the resurgence of Russia as a key regional power over the years have already induced a shift in the overall U.S. strategy towards competition with near peer adversaries as against counter-terrorism operations earlier.

This shift in strategic focus entails fast tracked procurement of systems & hardware to maintain numerical superiority, rapid development & deployment of next generation capabilities to plug existing & potential capabilities gaps and to retain the traditional, long standing strategic capabilities overmatch against adversaries along with continued R&D pursuits to maintain technological edge.

The defense industrial base across the U.S., Europe & most parts of the world has been on a renaissance of sorts over the recent years given the rapid transformation & evolution of geo-political dynamics, ongoing conflicts across some parts of the world & growing security threats.

The modernization & upgrade of existing systems & hardware and their replacement with proven technologies and current, off the shelf solutions is providing significant growth opportunities to the U.S. defense industrial base. Thus, with acknowledgement of strong external threat perceptions, there is political consensus on fast tracked modernization, upgrade & replacements, which have been further corroborated by technological developments by the industry which are promising next generation capabilities at a workable & optimized TCO proposition.

The global defense industrial base, thus, is looking forward to a long & much anticipated activity boom with most OEMs reinvigorating their industrial bases, in line with the age of disruptive technologies, led by digitalization, additive manufacturing, unmanned & optionally manned operating capabilities & artificial intelligence, for making the most of this current phase of demand upswing.

The commercial aerospace sector, on the contrary, witnessed a slowdown in growth in 2019 with reduced order intake, 737MAX crisis, airlines industry consolidation in Europe and production-related issues with recovery for commercial aerospace likely in 2020.

Report Excerpts & Key Themes of Analysis

1. Defense Spending on the Upswing across most other parts of the World translating into the onset of a favorable cycle for the Aerospace & Defense Industry2. Continued development of military capabilities by China & resurgence of Russia inducing shift in the overall U.S. strategy towards competition with near peer adversaries3. The shift in the U.S. strategic focus entailing

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4. The defense industrial bases across the U.S. & Europe on a renaissance and readily gearing up with a spurt in activity and looking forward to a long & much anticipated activity boom with most OEMs reinvigorating their industrial bases, in line with the age of disruptive technologies5. European Aerospace & Defense industry witnessing trend towards pursuit of joint defense equipment development programs worth multi-billion dollars 6. The modernization & upgrade of existing defense equipment and their replacement with current, off the shelf solutions continues unabated across most parts of the world providing significant growth avenues for the European industry OEMs that traditionally rely significantly on international exports 7. The Global Aerospace & Defense industry's development and evolution over medium term is going to be defined and shaped by the pace of technology evolution which has been evolving rapidly and is poised to disrupt markets at a lightning pace8. Investing in & developing capabilities rapidly in next generation technologies, like Hypersonics and Directed Energy Systems, will be crucial for the industry OEMs from a long-term perspective 9. Trend of A&D Industry Consolidation continues with series of Acquisitions and Business Combinations supplemented by JVs & Strategic Alliances10. Commercial Aerospace's Growth slows with Limited Order Intake, 737MAX Crisis & Production-related Issues 11. Overview of Key, Emerging Technologies that are likely to Shape the future 12. Global Defense Budgetary Trend Overview and Defense Budgetary Spending Levels across Key Markets13. Key Upcoming, Strategic Defense Programs - Snapshot, Status and Updates (Additional in the Report)

Key Topics Covered

Section 1: Global Aerospace & Defense Market - Introduction & Market Overview

Section 2: Aerospace & Defense Dynamics & Key Drivers

Section 3: Industry Trends

Section 4: Market Trends

Section 5: Technology Trends

Section 6: Key Issues, Challenges & Risk Factors

Section 7: Global Aerospace & Defense Market - Force Field Analysis Analysis of Driving & Restraining Forces and their Overall Dynamics

Section 8: Global Aerospace & Defense Market Outlook for 2020

Section 9: Strategic Market Outlook Global Aerospace & Defense Market

For more information about this report visit https://www.researchandmarkets.com/r/kt1t0q

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Worldwide Aerospace & Defense Markets, 2020 Annual Review - Commercial Aerospace's Growth Slows with Limited Order Intake, 737MAX Crisis &...

The detailed study on the Aerospace Floor Panel Market offers valuable insights related to the overall prospects of the Aerospace Floor Panel Market over the forecast period 2017 to 2022. The study takes into account the micro and macro-economic factors that are projected to impact the growth of the Aerospace Floor Panel Market in the upcoming years. In addition, the study maps the current trends, market drivers, opportunities, and restraints that are expected to shape the overall prospects of the Aerospace Floor Panel Market during the assessment period.

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The regional assessment of the Aerospace Floor Panel Market introspects the scenario of the Aerospace Floor Panel market in each region. The revenue share, growth potential, market share, size, and future prospects of the Aerospace Floor Panel Market in each region is discussed in the presented report.

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Competitive Landscape: Global Aerospace Floor Panel Market

The aerospace floor panel market is a highly consolidated market with a few specialty players holding a sizable revenue share. Key players in the global aerospace floor panel market include Triumph Group, Rockwell Collins, Avcorp Industries, The Gill Corporation, EnCore Group and NORDAM Group. A thorough research by Fact.MR predicts that adoption of materials to reduce the aircraft weight, technological innovations, new product development (NPD), and strategic collaborations with new and established players are the top strategies likely to define the future course of the global aerospace floor panel market. In its report, Fact.MR has comprehensively evaluated each market leader, including their market competitiveness, product strategy, business strategy, and go-to-market strategy.

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Aerospace floor panels are complex structures that includes an inboard layer, an inboard interlock layer, a core layer, and outboard interlock layer, and an outboard layer. Floor panels are honeycomb structure bonded that provides high performance and reduced panel weight. Honeycomb sandwich panels are used extensively for flooring in both military and commercial aircraft as it offers rigidity and shock and resistance to fatigue, weather, chemicals and fire.

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The global aerospace floor panel market holds promising growth prospects in the coming years, with the market expanding at a significant CAGR through the forecast period. Spread over 13 comprehensive chapters, the report on global market for aerospace floor panel offers key insights on the current and future prospects further defining the growth trajectory of the market.

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Q.1. What are the key market drivers, restrains, and future opportunities affecting the future market dynamics?

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Aerospace Floor Panel Market : Segmentation, Industry Trends and Development to 2017 to 2022 Dagoretti News - Dagoretti News

United Technologies Corp. (NYSE: UTX) unit Collins Aerospace will build life support, environmental, waste management and temperature control subsystems, along with power hardware for NASA's Orion spacecraft fleet that's aiming to put "boots on the moon," by 2024, the company said Wednesday.

The $320 million contract Collins signed with the mission's prime contractor, Lockheed Martin Corporation (NYSE: LMT), will be for the subsystem work on Orion ships to be used in the Artemis III through Artemis VIII missions, which are not only aimed at putting people back on the moon, but keeping a sustained presence there in preparation for continuing on to Mars.

See Also: What To Expect From Space Exploration In 2020: Mars, Tourism, Blue Origin, SpaceX And More

Artemis III, the first space ship that Lockheed will deliver for the Artemis project, is expected to deliver the next man, and the first woman, to the moon in 2024.

"We've been providing life-sustaining solutions for space for 50 years, and we're proud to be working with Lockheed Martin and NASA to enable decades of future exploration to the Moon, Mars and beyond," Kevin Raftery, vice president and general manager, ISR and Space Solutions for Collins Aerospace, said in a news release.

The Collins work on the systems will be done at facilities in Houston, the Chicago area, the Hartford, Connecticut, area and San Dimas, California.

United Technologies stock closed up 0.28% on Wednesday at $151.96.

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Collins Aerospace Gets Contract For Subsystems To Help Get 'Boots On The Moon' In 2024 - Yahoo Finance

The Additive Manufacturing for Aerospace and Space Conference, organised by IQPC Ltd in partnership with Defence IQ, is set to take place at the Vox Conference Centre, Birmingham, UK, from February 2527, 2020.

The conference will feature presentations by nineteen keynote speakers. Key themes on the agenda will include:

Ahead of the AdditiveManufacturing for Aerospace and Space Conference, Defence iQ has compiled areport titled The Road to Serial AdditiveManufacturing Production for Aerospace and Space which focuses on the progress and key milestonesneeded to achieve serial Additive Manufacturing production, with insight fromThales, Trumpf and the European Space Agency.

In the report, the three companies discuss key priorities, challenges and what they believe needs to be done in order to achieve large-scale AM production in the aerospace and space industries. The full report is available to download from the conference website.

http://www.defenceiq.com/events-additivemanufacturing

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Additive Manufacturing for Aerospace and Space Conference set to take place next month - Metal Additive Manufacturing magazine