In a landmark event in the history of PAF, the inauguration ceremony of Air University Aerospace and Aviation Campus was held at Aviation City Kamra.

Federal Minister for Education and Professional Training Shafqat Mahmood was the chief guest on the occasion. Chief of Air StaffAir Chief Marshal Mujahid Anwar Khan was also present on the occasion. Adviser to Prime Minister for Climate Change Malik Amin Aslam along with former air chiefs, high ranking defence and civil officers and heads of various academic institutions attended the ceremony. Vice Chancellor Air University Air Vice Marshal (r) Faaiz Amirin his welcome address highlighted the salient features of the campus.

Lauding the heroic deeds of PAF, the chief guest said PAF is the pride of Pakistan which has not only served and defended the nation with great valor but also significantly contributed in nation building through its excellent educational institutes and training centers. He appreciated the earnest efforts of PAF leadership in establishing a state of the art Aviation and Aerospace Campus in Attock and hoped that the mega project will play a pivotal role in uplift of the area and progress of the country. He further said the Ministry of Education and Professional Training will fully support Air University Kamra Campus as well as Multan Campus through the Higher Education Commission.

Highlighting the significance of Aerospace and Aviation Campus, the air chief said that establishment of the campus in close proximity of Aviation Research Innovation & Development (AVRID), Aviation Design Institute (AVDI) and a Comprehensive Certification Agency has transformed it into a National Aerospace Science and Technology Park. This strategic initiative will play a pivotal role in providing desired impetus to the self-reliance programmes and promotion of research and development in the field of aviation, he said. The institution has the potential to attract a large number of international scholars and students, thus enhancing Pakistans image and economic progress, he added.

Earlier, the chief guest unveiled the plaque of Air University Aerospace and Aviation Campus. On the occasion, he along with air chief offered prayers for the progress and prosperity of the premier institution at Kamra. He also visited various facilities of the institution.

More:

Air University Aerospace and Aviation Campus opens in Kamra - Daily Times

The government has been made aware of the proposed acquisition of Mettis Aerospace by Aerostar, a fund established in China, either directly or through Ligeance Aerospace Technology, a company owned by Aerostar and incorporated in China.

Under the Enterprise Act 2002, the Secretary of State for Business, Energy and Industrial Strategy has the power to intervene in certain mergers on public interest grounds relating to national security. This responsibility is discharged in a quasi-judicial capacity, which means that the Secretary of State must act, and be seen to act, in a fair and impartial manner.

On 20 December 2019, acting on official advice, the Secretary of State issued a public interest intervention notice, confirming that she is intervening in the merger on national security grounds. In reaching this decision, she considered the representations received from the Secretary of State for Defence.

The Competition and Markets Authority (CMA) will prepare a report on the jurisdictional, competition and national security aspects of the proposed transaction. The CMA has until midnight on 17 March 2020 to complete and submit this report to the Secretary of State.

In addition, an Order was made pursuant to paragraph 2(2) of schedule 7 to the Enterprise Act 2002 to prevent Mettis Aerospace taking any actions that might raise national security concerns. The comprehensive Order prevents the completion of the transaction and the transfer of material or information between the parties. The Secretary of State can amend or allow exemptions to the Order and must act reasonably when considering any requests from Mettis Aerospace to do so.

It was necessary to make and bring this Order into force before it could be laid before Parliament as to do otherwise would have given the parties the opportunity to take actions that might have undermined the purpose and effectiveness of the order. The Secretary of State has written to the Speaker of the House of Commons, the Lord Speaker and the Clerks of both Houses to inform them of her decision. The Order will be laid in Parliament shortly to ensure Parliamentary scrutiny can take place.

Business Secretary Andrea Leadsom said:

The Enterprise Act provides the government with powers to intervene in, and, if necessary, block mergers in order to protect national security.

I will not hesitate to use my powers to protect national security, if it is appropriate to do so.

Following careful consideration, I have issued an intervention notice which orders the Competition and Markets Authority to investigate the national security concerns and competition aspects in this case.

The CMA will now investigate and carry out its review. It must report back to me by 17 March 2020.

Additionally, I have placed an Order on the companies while the transaction is being investigated to prevent them taking actions which might raise national security concerns. Beyond what is needed to protect national security, I will ensure that this does not impede the companies when acting in the normal course of business.

For more information about the intervention powers, see the guidance on mergers and on CMAs jurisdiction and procedure.

See the original post:

Government responds to the proposed acquisition of Mettis Aerospace by Aerostar - GOV.UK

Related Research PPG completed upgrades at its $15.5 million Aerospace Research and Technology Center in Burbank, California.PPGs global aerospace business offers coatings, sealants, transparencies, packaging and application systems, and transparent armor, as well as chemical management and other services.

Upgrades to the 39,524-square-foot facility include increased laboratory and testing space with climate-control capabilities, updated equipment to enhance PPGs resources for the development of aerospace sealants and coatings, as well as an open floor plan with dedicated areas to promote collaboration. The facility currently accommodates more than 90 employees in various R&T, manufacturing, customer support and related service and administrative positions.

PPG continues to improve its R&T capabilities to provide new, innovative products and services to our customers in commercial, regional, military and general aviation, said Mehran Arbab, PPG global director, aerospace coatings and sealants, R&T. The enhancements to the Burbank facility strengthen PPGs overall position as a reliable and innovative partner for our aerospace customers globally.

At PPG we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.4 billion in 2018. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets, company officials said.

Read the original post:

PPG Expands Aerospace Research & Tech Center in Burbank, California - Area Development Online

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Boeings problems are roiling the aerospace sector. General Electric is a potential victim, even though it does business in lots of other areas.

On Monday, Boeing (ticker: BA) said it would temporarily halt production of its 737 MAX jet, grounded world-wide since mid-March after a second deadly crash in a matter of months. Wall Street, for the most part, has given Boeings suppliers a pass, believing any negative effect from the MAXs troubles were temporary.

But with delays mounting for the MAXs return to commercial service, Wall Street is revisiting its assumptions for 2020. General Electric (GE), a supplier of engines to Boeing, is one firm with a larger than average impact from the MAX jet.

Were working closely with Boeing and our airline customers to ensure the safe return to service of the 737 MAX, a GE spokesperson said. We are partnering with our customers and suppliers to mitigate the impact of the temporary shutdown of the 737 MAX, while protecting the companys ability to accelerate production as needed in the future.

GE makes MAX engines in partnership with Safran (SAF.France). GE management has said the MAX grounding represented a billion-dollar cash headwind in 2019. Of course, the cash is expected to come in the door when MAX jets are finally shipped to customers. Aerospace suppliers get paid at various points in the manufacturing process, but the bulk of the money comes in when Boeing ships planes to customers (and gets its cash).

We think GE has several options available including repurposing equipment, depending on the duration of the 737 MAX production suspension, wrote Credit Suisse analyst John Walsh in a Tuesday research report. He acknowledge the impact on cash flow and adds this does raise the probability of a truncated 737 MAX program which could result in lower future associated aftermarket revenue.

Boeing has orders for more than 4,000 MAX jets in its backlog, to be delivered over many years. Calculating what the impact might be if Boeing loses market share is difficult. Of course, GE supplies Boeings main competitor, Airbus (AIR.France), too.

Walsh rates GE stock the equivalent of Hold. He has a target of $11 for the share price, exactly in line with the stocks level on Friday morning.

Bearish J.P. Morgan analyst Stephen Tusa isnt as sanguine. He rates GE shares the equivalent of Sell and has a $5 target price.

What should not get lost from a big picture perspective, other than peaking market share, is, somewhat related, the fact that Boeing represents 70-plus percent of installed base [and] backlog of commercial engines at GE Aviation, wrote Tusa in a Friday research report.

He still worries that GE Aviation isnt as great a business as others on Wall Street think it is. The businesss dependence on Boeing is one reason he is negative. Dont forget, though, that while 70% exposure is high, there are only two big commercial aircraft makers and they split the market. Having a high share, to some extent, is a sign of a strong product lineup.

Most GE bulls point to the aerospace franchise as the crown jewel of the business portfolio. We may have been too aggressive in our October call for immediate downside at Aviation, added Tusa in his report.

Another bearish analystGordon Hasketts John Inchalso weighed in with a unique take. The grounding can help near-term cash flow, he said.

In the very short run, there may not be much impact on GEs current negative cash drag associated with the MAX, wrote Inch in a Tuesday research report. If the shutdown were to extend beyond a month or so, we believe it should represent a significant future cash benefit for GE as the company wont be producing money losing engines.

In the aerospace business, the original equipment is typically sold with no profit margin, or a minimal one. The real money is made from servicing the equipment over time.

Inch rates shares the equivalent of Sell and has a $7 price target for the stock.

Aerospace stocks are having a good year, despite the MAXs troubles. They have beaten the gains of the S&P 500 and Dow Jones Industrial Average both over the full year and since the second MAX crash.

Aerospace demand around the globe remains strong. The MAX matters, but aviation stakeholders still expect it to come back sooner than later.

GE stock has had a great year, rising more than 50% as turnaround efforts led by new CEO Larry Culp take root. The stock is just off its 52-week high, in contrast to the broader market, indicating there is still a little concern for investors out there. Its likely related to the MAX.

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

Read more from the original source:

GE Is in Focus as Boeing Suspends Production of 737 MAX Jet - Barron's

Frances Poppy Northcutts natural curiosity and determination to solve problems led her to hold a position as the first woman in Mission Control at NASA, to become a leader in the womens rights movement, and even launched her into a second career in law. Her story may have earned her a permanent place on the moon with a crater named in her honor but her views on the advancement of women in society are grounded in harsh realities and practical actions that lead to results.

What is most remarkable about Northcutt is not that she helped men get to the moon and back safely, but that she recognizes women have an imperative to help each other and continue to push the limits of power until the glass ceiling vanishes.

Of her time at NASA, Northcutt tells Runway Girl Network: I stumbled into into it. I had a math degree, which was not that unusual for women at the time, though the general expectation was that you would go into teaching. There were a higher percentage of women in that time who worked on the emerging computer.

I ended up as a computress at a contractor for NASA and they were working on the trajectories for the Apollo program. I just became very interested in the problem. I thought it was interesting and as a result, being engrossed in the problem, I started doing something that wasnt my job. I started taking the programs home and reverse engineering them so I could see how they worked and what exactly they were doing.

Northcutts boldness was rewarded and she was ultimately promoted to work as a member of the technical staff who functioned as engineers for the Apollo program.

Being the first woman in Mission Control came at a price. Northcutt experienced what would be described today as hostile working conditions while in NASA, but she made the best of the circumstances.

She explains:

One thing when I went into Mission Control in an operational role during the Apollo 8 simulations, before the flight, throughout that building they had a lot of cameras. Every one of the rooms in Mission Control had cameras in. We all had these headphones that you had channels on, and you kept listening. I kept hearing chatter about a particular channel. I had no clue what it was, but it was me on that channel. They had positioned a camera in the room just on me. My first reaction to that was being very self-conscious and feeling invaded. Theres different ways that you can take things. The words for sexual harassment and hostile workplace didnt really exist.

I could have gotten mad and complained, but my reaction was to look around and say, Im here, so get used to it. If you are going to be the first, you have to expect that there will be some of that. You have to rise to that occasion. Its not going to be easy, but you are setting the mark for other people and there is a benefit in doing that. The most important thing that you can try to do is to get other women working in there. That will end that situation, if you have more women.

Sometimes it seems as if female representation in STEM takes two steps forward only to take one step back or vice versa. For example, some advances have been made in engineering. The numbers were maybe 1% or less for women. That number is now higher to 8% which is still terribly small, but its a big rise, notes Northcutt. In terms of computer science, it was around 35%-36% of programers were women, and it has dropped to around 18% in computer science. I suspect that the heavy emphasis on gaming has had an effect on it, because a lot of the industry is involved in gaming.

While the Gamergate controversy shows there is a certain hostility to women in the tech sector, and the environment in computer science appears less welcoming to women today than when Northcutt started, there may be another answer for this shift: money. Northcutt grants that this may be the case.

If you look historically, when theres big money involved, the numbers drop in terms of women, she says. A couple of hundred years ago, when almost all the teachers were men, teachers were better paid. I think you can see some of that in medicine as well with surgeons, who are higher paid and mainly men.

Northcutt had to contend with pay discrimination while working for NASA, despite the best efforts of her ally supervisor. In my particular situation, when I was working as a computress, it was an hourly job. At that time we had wage hour laws that were very discriminatory of women. They were considered to be protective of us, but [that wasnt the case]. Women could not be required to work more than eight hours a day or a total of 54 hours a week. They didnt prohibit a woman from having two jobs, or three. It was just the individual employer. What happened with me was that I didnt pay any attention to the law. I would just ignore it. I wasnt paid. To me, the biggest thing that [the law] did is that you werent earning all of the money and the bigger effect of those laws was that you would never be viewed by an employer of being part of the team. You were not working the same way the team is. Part of the reason I got promoted was because I didnt pay attention to that, says Northcutt.

She continues, I was very fortunate that I got promoted, but I had a very progressive operations manager in Houston. He went to bat for me and was really upset when the promotion went through [but not the corresponding rise in pay] because he said it would have been easier to fire me and re-hire me. The differential in salary was such a large amount that he couldnt get it approved. I was promoted at the bottom of the pay scale for a technical staff. I was being underpaid, but it was the best he could do. He tried to remedy it. We would get pay increases twice a year, but there were these barriers about the percentage of raises that you could get.

And you still see that happening to women today. If you have experienced prior discrimination, they will base what they pay you on what you had on the previous job so you can never catch up if you are behind. Some state laws have been passed that prohibit employers from asking about your prior salary, and that is one way to approach that problem and improve. The most optimum thing is to do what has been done in some countries, where they have to make actual reports to the government about wages.

As Northcutt points out, this legal glass ceiling the laws that go on the books which put women at a perpetual disadvantage is one of the reasons why its critical for women to be active in civil life. I firmly believe that women need to become involved in their communities because that is what makes a difference having laws on the books, she tell RGN. I became involved in the womens rights movement because being isolated and alone you are not going to make it. Women need to see that they need to work together.

Your author asked Northcutt whether she believes that things are moving backwards in that respect, especially with some of the laws going on the books in the US which seem designed to repress and inflict harm on women. Northcutt is not shy about tweeting about these issues.

There has been a certain backlash, she says, but these things ebb and flow. We have times of greater activism. Actually, I think that this is the third wave of feminism, and there has been a lot of progress made. Its not like the backlash takes you all of the way back. Its just [reflective of] the representation of women in government.

In terms of progress in aerospace, Northcutt believes there is still plenty of room for women to fight for top positions. I just saw something published about the percentage of women in managerial positions in aerospace, and it was very low. The managerial positions are very low. We still have low representation of women in engineering schools. I do think part of it may be the culture of aerospace. It overlaps with the military and some of that military culture, which was totally exclusive of women [endures], she says.

But she believes the fight to improve female representation in aerospace, STEM and beyond is a fight well worth having. The incentive for women is clear in the sense of opportunity and the economics of these things. The jobs are better paid, with better longevity as well as the fact that they are very interesting careers, she says.

The incentive for industry is that, if you are looking for the best brain power, it doesnt make sense to leave out half of the population. If you make products that will be used by the general public, having more diversity makes their products more appealing to a general population. It makes sense, but we have these cultural stereotypes that still exist out there.

Importantly, Northcutt is hopeful and optimistic about womens ability to overcome todays challenges, as long as they are willing to fight for their place. Im hopeful that this coming generation is going to be more forceful, she says. In some areas there have been tremendous advances. More than half the people graduating with careers are women. In medical schools, a huge percentage are women. Its the same for lawyers.

Having women who care to fight for other women can make all the difference. She shares a recent anecdote that proves it. I still practice law, and I was appointed to be a commissioner in a condemnation case where they are expanding a roadway. Ive done five or six of these cases before. Each time, the civil engineer has always been male, as have been the appraisers. The attorney for the state of Texas [a woman] asked, Why arent I seeing any women? Where are the women engineers? Those women are advocates for other women coming into technical roles. I bet there werent very many men who asked about having only male civil engineers. Even when we have women coming in that are not in a technical role, we have been asking and pressuring about that as well. I think that all of that [pressure makes a difference].

One of the most impressive parts of the conversation with Northcutt was that she is both a formidable fighter and a well-grounded, caring woman who always thinks of the plight of others. She recognizes that she had opportunities that other women did not and even now do not enjoy.

The truth of the matter is that I was in a privileged position compared to other women, she says. I was still experiencing pay discrimination, but I had more pay than the average woman who was working. I was in a better position to speak out. Today, the women who are working a minimum wage job, those are the women who are vulnerable. They may not be able to feed their families. I was a return-to-Earth specialist, and they didnt have that many. If you are in a better position, then you have an obligation to make things better.

It was this realization that drove Northcutt to become an activist in the womens movement and to fight for the rights of those who might not be able to fight for themselves. We still have discrimination, but I am very gratified that I did that. I like having challenges. I like having difficult things. Many women have it far worse than I have. I think about those women. They cant escape what theyre in.

Photo at top: Poppy Northcutt, Captain Heikki Laakkonen, Captain Kay Hire and Princess Cruises President Jan Swartz celebrate the christening of Sky Princess during the naming ceremony in Fort Lauderdale, Florida. Credit: Princess Cruises

Related Articles:

More here:

Poppy Northcutt on making room for women in aerospace and beyond - Runway Girl Network

DISCLAIMER: This article is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this article is not an offer to sell or buy any securities. Nothing in it is intended to be investment advice and it should not be relied upon to make investment decisions. Cestrian Capital Research Inc. or its employees or the author of this article or related persons may have a position in any investments mentioned in this article. Any opinions or probabilities expressed in this report are those of the author as of the article date of publication and are subject to change without notice.

As we mentioned in a recent note on Northrop Grumman (NYSE:NOC), we believe US space and defense spending is set to rise. The world has changed course in recent years. From the end of World War II to the middle of the financial crisis, the world economy was characterized by increasing liberalization (reduction in tariffs and non-tariff barriers to trade; increasing ease of flows of capital, services, goods and people) - a side benefit of which has been that there are fewer countries liable to fight one another and therefore a relatively peaceful seventy years. (Liberal democracies rarely go to war with one another).

The postwar economic boom and long period of peace in the West are largely behind the stupendous progress achieved by the Boomer generation. More money and less mortality. Hence the "OK Boomer" ire of the young who are facing less money for sure and quite possibly more mortality.

We're now in a more fractious period of history. (This is going to bring its own challenges for the Boomers - we'll write about that in due course). We think a near-term consequence of the rising friction between East and West, the splinters among NATO members, and the relatively unnoticed global acceptance of a new warfighting domain - space - is that defense spending is likely to rise globally. The US in particular will, we believe, see a gradual rise in the coming years, as it normalizes back to at least an average level of post-war spending as a % of GDP (click the link to our NOC note above to see a useful chart on this).

One thing that Boomers have proven very good at is growing asset prices. No more so than in the US equities market. Since WWII, US equities have been the single best asset class as a balance of risk and reward in many folks' eyes (including those of Warren Buffett). And shrugging off a fit of hiccups in 2007-2009, US equities have continued apace. GDP growth has been sluggish in the US since the crisis, but thanks to the Fed - more Boomers in charge - the S&P 500 has positively powered away up and to the right. Check our chart on that topic here.

Now, even if the world is becoming more atavistic, whilst the Boomers hold the reins, one consolation is that defense stocks ought to benefit.

So in the modern idiom, if you have a view on a sector, you should just pick a sensible, low-fee ETF, buy some, and go play golf, right?

Wrong. At least not in defense, not right now. Because there's one huge company in the aerospace & defense sector with some huge problems - Boeing (BA). We expand on the topic in this note. We don't know if BA is going to right itself any time soon, but generally speaking when corporations go through this much pain, it takes a long time for them to regain their footing. There are plenty of BA bulls here on SA and elsewhere who will tell you that it will all be over by next year - and maybe they are right. But that's a big call. Our own view is that there remains trouble ahead at Boeing, because things will continue to crawl out from under the rocks that regulators continue to study. We would be surprised if the current CEO were in situ this time next year; and if there's a new CEO you can bet that s/he will want to clean house with a kitchen-sink full of writedowns, writeoffs, disposals, etc., to level set them for personal success going forward. So we continue to worry about BA stock.

But if you're not careful, that passive ETF you buy into is buying you a whole heap of BA risk.

The most popular ETF in the aerospace & defense sector is (BATS:ITA). It's an iShares product and so it's easy to buy and carries a reassuringly familiar brand.

But this year it has lagged the pack of defense stocks. Here's a brief illustration of that - see ITA below charted against a basket of defense single-name stocks, including Aerojet Rocketdyne (AJRD), BA, L3Harris Technologies (LHX), Lockheed Martin (LMT) and Northrop Grumman.

ITA returned 23% this year so far - none too shabby by historical standards. But it's 7% shy of the worst performing single name in our stocks below.

Source: YCharts.com

Why? Because it has a heavy weighting to BA - 21% at the time of writing. And BA returned just less than 2% this year. Whereas sector winners like Northrop Grumman are up above 30% for the year.

Here's the major components of ITA.

Source: Seeking Alpha

To illustrate the damage that BA has done to the ITA portfolio, take a look at (NYSEARCA:XAR), an equivalent ETF product from S&P. XAR is up 32% this year, as good as any underlying stock in the group. And here's why - look at its holdings:

Source: Seeking Alpha

There are major BA suppliers in there for sure - namely TransDigm Group (TDG) and Spirit AeroSystems (SPR). And we think those companies are going to suffer from BA's problems in 2020. But so far they weren't hit too badly. And so XAR has really delivered this year.

If you think BA will work out just fine, both ITA and XAR can be good products for you. But if, like us, you worry about BA and you worry about its supply chain, then you probably want to think about starting to invest in the underlying stocks.

As we have written elsewhere, we cover most of the top stocks in the sector and there's plenty of our material on those stocks available here on SA.

Stocks in the sector we like right now include NOC (our rating - Buy - Long Term Hold) and AJRD (our rating - Buy - Long Term Hold). We think LHX has a great business but we worry the stock is extended. We think Raytheon (RTN) and United Technologies (UTX) have some rationalization to do, but we could imagine going back to Buy next year once the merger is completed. And we want to avoid BA altogether right now.

To your investing success!

Cestrian Capital Research, Inc. - 16 December 2019.

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Our work is pro-grade, our presentation style clear and direct.

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Disclosure: I am/we are long AJRD, NOC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: We are long AJRD and NOC on a personal account basis.

Originally posted here:

We Think Defense Spending Is Going To Boom - But iShares U.S. Aerospace & Defense ETF May Miss Out - Seeking Alpha

In 2018, the market size of Aerospace Carbon Fiber Market is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

In this report, 2018 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Aerospace Carbon Fiber .

This report studies the global market size of Aerospace Carbon Fiber , especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).

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This study presents the Aerospace Carbon Fiber Market production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Aerospace Carbon Fiber history breakdown data from 2014 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2018.

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Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2018.

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This post was originally published on Info Street Wire

See more here:

Aerospace Carbon Fiber Market 2019 Global Trend, Segmentation and Opportunities Forecast to 2027 - Info Street Wire

State-backed venture capital firm BGF has invested 5 million to take a significant minority stake in aerospace and industrial engineering company Team Accessories Limited.

Based near Dublin Airport, Team provides overhaul, testing and repair services for the aerospace and industrial sectors. Its primary focus is the overhaul of critical, high value accessories for jet engines.

Established in 1995, Team is owned and led by Pat McEvoy and Tom Gibbons, who acquired the business in a management buyout in 2017. The company, which employs 40 staff, includes Aer Lingus, Lufthansa and Aero Norway amongst its clients.

In addition to the BGF investment, former Ryanair chief operating officer Michael Hickey will join the board as a non-executive director, as will BGF executive Mark Sykes. Nick Sanders, former executive chairman of Gardner Aerospace, a manufacturer of finished aircraft components, will also join the board as non-executive chairman.

Mr McEvoy said the addition of BGF as an investor presents a clear opportunity to grow the business in the coming years, which will see the company increase its headcount.

The investment is the third made by BGF (formerly the Business Growth Fund) in the Republic. It took a stake in Donegal-headquartered nursing home operator Brindley Healthcare in return for a 10 million investment in January.

In March, it invested 5 million in return for a minority stake in residential housebuilder Winterbrook.

The Government-backed Ireland Strategic Investment Fund, AIB, Bank of Ireland and Ulster Bank are all investors in BGF, which targets equity investments of between 1 million and 10 million. BGF only takes minority positions.

The firm has invested in more than 230 companies overall and launched a dedicated fund in the Republic in late 2017 with up to 250 million to invest in small and medium-sized enterprises. It is led by former IBI Corporate Finance executive Leo Casey.

Speaking on the investment in Team, Mr Casey noted that the company has significant growth potential.

See the rest here:

Dublin aerospace company wins 5m investment - The Irish Times

ANKARA, Turkey Turkey plans to boost its defense and aerospace exports to $10.2 billion by 2023, from $2 billion in 2018, according to a government document.

The Strategic Plan 2019-2023, released by the countrys procurement agency, SSB, is also aiming for the annual revenue of the defense and aerospace industry to rise to $26.9 billion in 2023, from $6.7 billion in 2018.

Also by 2023, domestic industry will meet 75 percent of military requirements, up from 65 percent in 2018, according to the plan.

To his these targets, the government plans to restructure its defense export incentive system. In addition, Turkey is to launch a government-to-government sales scheme, whereas SSB will open defense export promotion agencies in 20 countries.

Other critical targets detailed in the document include switching to a new procurement model; prioritizing programs that minimize dependency on foreign-made systems; and supporting models that bolster Turkeys ability to compete in high-tech markets internationally.

Since coming to power in 2002, President Recep Tayyip Erdoan has sharply increased local input in defense procurement. The governments strong priority to drop off-the-shelf procurement options and instead go for indigenous design and production has produced scores of local programs including drones, naval vessels, armored vehicles, helicopters, trainer aircraft, a new-generation main battle tank and an ambitious program to locally build a fighter jet.

But an Ankara-based defense analyst warned that some of the governments targets do not look feasible.

Take the export target, for instance, the analyst told Defense News. The original export target for 2023 was $25 billion. Now they have come down to a still-difficult $10.2 billion. Thats a long way from the current level of around $2 billion.

See original here:

Turkey reveals path to boost defense and aerospace exports by $10.2B in 2023 - DefenseNews.com

Posted on Wednesday, December 11, 2019 by Polk Newsroom

Anthony Reynolds wanted to fly since childhood.

At 6 years old, he told his aunt he aspired to become a pilot.

At 17, he flew his first plane.

But at 19, he decided to stay grounded. He married, had four children, and was doing what I had to do to provide for my family, he explained.

This is a reality for many. But for Reynolds, it was simply a detour to a rewarding career in aviation.

At 44, Reynolds will receive his Bachelor of Science in Aerospace with a concentration in Aerospace Administration on Thursday with Polk State Colleges 121st graduating class and he has already landed his dream job as manager of flight training devices for FlightSafety Textron Aviation Training.

I get to do every day what I dreamed of as a kid. It may have taken a while to get here, but its never too late to get your education and to accomplish your goals.

I get to do every day what I dreamed of as a kid, he said. It may have taken a while to get here, but its never too late to get your education and to accomplish your goals.

The Lakeland native excelled over the years as an operations manager for different businesses, with gigs with discount auto parts and chemical companies, as well as the U.S. Department of Defense, where he served as a contractor with the Marine Corps.

Little did he know that a scroll through his Facebook feed would change the trajectory of his life.

I saw a post about the Polk State Aerospace Program and thought, wow I can do this in Lakeland? he recalled.

Looking for more stability in his career, paired with the allure of his childhood dream, Reynolds enrolled in the Aerospace Program in January 2015.

I was making a decent living, but without my education, I always had to start over at the bottom when I would get a new job, Reynolds said. Now I have my degrees to show employers that I have the education and the skills.

And he doesnt plan to stop now. Reynolds will start a masters degree program in Aerospace at Everglades University in March.

He shared that Polk State Aerospace has prepared him well for his new career and pursuit of higher education from expert faculty and supportive staff to rigorous curriculum covering all aspects of the industry, including commercial aviation and unmanned aircraft systems.

Polk State Aerospace is a gem, Reynolds said. I consider it the best-kept secret in Polk County in Florida.

Polk State Aerospace is a gem. I consider it the best-kept secret in Polk County in Florida.

After earning his Associate in Science in Aerospace Administration in 2017, Reynolds was connected to a job opportunity managing compliance with FlightSafety Textron Aviation Training. The company provides quality simulation training for individuals who fly personal planes or private jets, and the location in Lutz is home to seven multi-million-dollar simulators that replicate nine different types of aircraft.

In January 2019, he assumed the position of manager of flight training devices with the company, where he oversees the maintenance of the simulators and ensures compliance with Federal Aviation Administration (FAA) regulations and other international aviation organizations.

While Reynolds may not be taking to the skies, I get to play with airplanes every day, he said.

There are nine airplanes outside my door that I can fly and, for me, that is the accomplishment of my dream.

In addition to transforming his life through education, Reynolds began his journey to better health while attending Polk State and working full-time. Since 2016, he has lost about 70 pounds. On Dec. 1, he completed his second full marathon and plans to run one marathon per year for the rest of his life.

Link:

Back to school at 40 and graduating, Polk State Aerospace student gets to do every day what I dreamed of as a kid - Polk State College News

Investors focused on the Aerospace space have likely heard of Leidos Holdings (LDOS), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.

Leidos Holdings is one of 34 individual stocks in the Aerospace sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. LDOS is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for LDOS's full-year earnings has moved 5.89% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, LDOS has gained about 70.03% so far this year. Meanwhile, the Aerospace sector has returned an average of 32.55% on a year-to-date basis. As we can see, Leidos Holdings is performing better than its sector in the calendar year.

To break things down more, LDOS belongs to the Aerospace - Defense industry, a group that includes 12 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, this group has gained an average of 28.31% so far this year, meaning that LDOS is performing better in terms of year-to-date returns.

LDOS will likely be looking to continue its solid performance, so investors interested in Aerospace stocks should continue to pay close attention to the company.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportLeidos Holdings, Inc. (LDOS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Continue reading here:

Is Leidos Holdings (LDOS) Stock Outpacing Its Aerospace Peers This Year? - Yahoo Finance

Israel Aerospace Industries (IAI) has reportedly advised customers not to fly some Boeing 737 freighters converted by the aerospace manufacturer pending a review of a fix that it has submitted for certification by the Civil Aviation Authority of Israel (CAAI). IAI had previously said it had detected a potentially unsafe design issue in some of the converted aircraft.

IAI has recommended all operators of its converted Boeing 737 freighters to ground the aircraft after it detected an apparent irregularity in the production process of a rigid barrier installed in some of the total 47 converted 737s delivered to customers worldwide, Reuters reported.

IAI, a major Israeli aerospace and aviation manufacturer producing technologies and systems for both defense and commercial markets, said on December 11, 2019, it came up with an interim solution to the design issue. The fix has been reviewed and is expected to be approved by the national aviation authority, the state-owned company said.

According to IAI, the rigid barrier installed on some aircraft, in front of the cargo cabin, is an additional safety feature designed to provide emergency support under extraordinary circumstances. The companys testing found that the part was not working as supposed to and that the issue may limit the way the aircraft can be safely loaded for flight.

The rigid barrier does not affect flight under normal conditions, the company stressed as quoted by Reuters. To the best of IAIs knowledge, there has never been a flight incident in connection with the rigid barrier on these 737 aircraft. IAI now awaits for an Airworthiness Directive (AD) to be issued by the CAAI as soon as December 12, 2019, allowing the grounded freighters to resume flights with the implemented fixes.

Although it is not known how many operators fly IAIs converted Boeing 737 freighters, one airline that has been affected is Qantas Airways. The Australian flag carrier has reportedly taken all four of its 737-300 freighters out of service. These aircraft are flown on domestic cargo routes by the airlines Sydney-based subsidiary Express Freighters Australia on behalf of Qantas Freight. According to planespotters.net data, the four 737-300s have the average age of 33 years.

IAI presents itself as a world leader specializing in passenger-to-cargo conversions of the Boeing 767, 737 and 747 aircraft families. To date, the company has delivered over 250 converted aircraft, including the 737-300, 737-400 and 737-700. IAI's Aviation Group's holds supplemental type certificates (STCs) by the U.S. Federal Aviation Administration (FAA), the European Union Aviation Safety Agency (EASA), the Civil Aviation Administration of China (CAAC) and other civil aviation authorities. It also has on-going programs for 737-800 and 777 freighter conversions under development.

It is important to note that no ADs have been issued against any of the IAI developed STCs (737, 767, 747), the company states on its website. At the time of writing this article, this stands to be true, but not for long.

Originally posted here:

Israel Aerospace Industries advises grounding its Boeing 737Fs - AeroTime News Hub

In a starkly direct rebuke to Boeing, Federal Aviation Administration (FAA) chief Steve Dicksonmet with company CEO Dennis Muilenburg at FAA headquarters in Washington, D.C., on Thursday and told him to pull back on public statements about an imminent return to service for the 737 MAX a milestone that people close to the details now say is unlikely to happen before mid-February.

That means the worldwide grounding of the MAX, begun on March 13, will stretch closer to a year.

Among the issues that have caused the latest delay is some confusion over pilot checklists that emerged during four days of testing in Seattle a week ago, when Boeing ran pilots from various airlines through a series of emergency flight scenarios to test the human factors elements of the new flight control system, including the crew workload.

Two people familiar with the details of all that must be accomplished before the FAA can clear the 737 MAX to fly said Thursday that mid-February is now the earliest realistic target.

As Boeing management weighs how long it can continue to bear the expense of building planes that bring in no immediate revenue, this latest in a long series of schedule slips means a temporary shutdown of the 737 factory in Renton looms as a real possibility .

Back in July, when Boeing projected a MAX return to servicein October,Muilenburg warned that a delay to that optimistic timeline could prompt a shutdownto avoid a further pile-up of completed but undeliverable jets.

Clearly, the further the schedule is delayed, the more that risk grows.

American Airlines on Thursday bowed to the inevitability ofanother delay and announced that its pushing the MAX out of its flight schedule until early April, a month later than planned.

Boeing had repeatedly said it expected the FAA to clear its redesign of the MAX this month, with pilot training requirements to be nailed down soon after. Dickson on Wednesday said publicly that the schedule for the first step, approving the plane as airworthy for a return to service, had slipped into 2020.

Dickson called for the meeting, also attended by new Boeing Commercial Airplanes boss Stan Deal, in part because Boeings public statements seemed designed to press for the FAA to provide clearance soon. An email the FAA sent Thursday to the House and Senate aviation oversight committees makes clear Dickson wants that to stop.

The Administrator is concerned that Boeing continues to pursue a return-to-service schedule that is not realistic due to delays that have accumulated for a variety of reasons, the email states. More concerning, the Administrator wants to directly address the perception that some of Boeings public statements have been designed to force FAA into taking quicker action.

The Administrator wants to make clear that both FAA and Boeing must take the time to get this process right. Safety is our top priority and the Administrator believes public statements must reflect this priority,the email states.The purpose of the meeting is to ensure Boeing is clear on FAAs expectations.

The FAA saidDickson recommended to Muilenburg that Boeings focus should be on the quality and timeliness of data submittals for FAA review.

He made clear that FAAs certification requirements must be 100% complete before return to service, the email states. In terms of timeline, he reminded Mr. Muilenburg that FAA controls the review process and that he has told FAAs aviation safety experts working on continued review of the 737 MAX to take the time they need to get this right and they have his full support.

Though the wording of the email amounts to a public rap on the knuckles for Muilenburg, Boeing issued a bland statement afterward saying that Muilenburg and Deal had a productive meeting with Dickson and his deputy Dan Elwell.

We committed to addressing all of the FAAs questions as they assess MAX certification and training requirements, Boeingsaid in a statement. We will work with the FAA to support their requirements and their timeline as we work to safely return the MAX to service in 2020.

Thats the first tacit acknowledgment from the company that the FAA will not be clearing the MAX to fly again this year.

The four days of pilottesting on human factors and crew workload in Seattle produced mixed results, some of which could delay the process, according to a person with knowledge of the simulator sessions.

Pilots managed to cope with the various emergency flight scenarios they were confronted with, including, for example, a bird strike wiping out an angle of attack sensor at an altitude of 4,000 feet. However, regulators observing the tests were concerned that some of the pilots didnt follow the expected procedures.

They were using the wrong checklists, said one person with knowledge of the tests, adding that the European Union Aviation Safety Agency (EASA) in particular may now require changes to the procedures and checklists.

This issue could open again the debate over whether U.S. pilots need full-flight simulator training rather than an interactive course on an iPad before they fly a MAX with passengers.

The FAA still has to fly a certification flight of the MAX before it approves the software fix to the flight controls.

American Airlines said that prior to April 7, it plans to operate MAX demonstration flights with employees and members of the media on board. After that date, it will phase the jet slowly into commercial service, increasing the number of MAX flights gradually during April.

Because the MAX will be missing from its schedule until then, some flights will be canceled. The airline said it will contact customers whose flights are affected by email or telephonebeginning Dec. 22.

The airline added that it will announce its policy toward any passengers who dont wish to fly on the MAX in the coming weeks.

United and Southwest are likely to follow American soon and push out their MAX schedules to April.

Southwest announced Thursday a partialcompensation settlement with Boeing for a portion of projected financial damages related to the MAX grounding.

Through September, Southwest had reported a $435 million cut in profits from the grounding. While the airline did not disclose the total size of the settlement with Boeing, it said it would share approximately $125 million of the money with employees in a discretionary profit-sharing payout in 2020.

Read more from the original source:

As 737 MAXs return slips out to mid-February, FAA boss tells Boeing CEO to back off predictions - Seattle Times

CEDAR PARK, TX Cedar Park-based Firefly Aerospace has been bestowed the "Turnaround of the Year" designation by a noted trade publication in recognition of its record of overcoming obstacles in reaching new corporate heights.

"At Firefly, our corporate culture is rooted in solving hard problems and pushing through adversity," company officials wrote in a prepared statement following the recognition by SpaceNews. "Recognition of our perseverance by our industry's top news outlet is affirming and greatly appreciated."

Privately held, the company develops small and medium-sized launch vehicles for commercial launches to orbit. Indeed, the dips and soars of the Fcompany's recent trajectory rival the movements of rockets that are central to its corporate focus. Just three years ago, Firefly Aerospace was forced to lay off 150 workers after failing to secure a much-needed capital infusion. The lack of that anticipated windfall prompted the exodus of another key investor, leaving the company short $100 million to launch a satellite delivery rocket and leaving the future of the company in question.

"That really left us in a very difficult spot," company co-founder Michael Blum said at the time. "We needed that to keep going."

Since then, the company has reported a series of triumphs:

Related stories:

"It's been an amazing 2019 at Firefly and we are incredibly proud of everything the Firefly team has accomplished," company officials said in a prepared statement. "We now have over 500 employees worldwide. There are 4 active test stands at our Texas test facility. Our Vandenberg team is preparing our SLC-2W launch site for the first Alpha launch. We've completed qualification of the Alpha second stage and the first stage qualification is well underway."

The company added: "Finally, a huge 'Thank You' to our investors at Noosphere Ventures who have made this incredible turnaround possible. First Alpha launch coming in 2020!"

See more here:

Cedar Park-Based Firefly Aerospace Named Turnaround Of The Year - Patch.com

New Delhi: SpiceJet Ltd on Friday said it has grounded three of its Boeing 737 freighter aircraft after Israeli Aerospace Industries (IAI), which converted these planes to freighters, advised the Indian budget airline to do so.

An internal examination at IAIs manufacturing facilities showed that there was a potential defect in these freighter aircraft, SpiecJet said in a regulatory filing today.

During an internal examination of IAIs manufacturing facilities, a potential defect was discovered in the process used to manufacture the 9G rigid barrier installed on these aircraft. These aircraft will return to operations after regulatory clearance," the budget carrier said.

The Israel government-owned aerospace and aviation manufacturer has advised airline companies across the world to ground their freighter aircraft converted by IAI.

According to a Reuters report, IAI on Wednesday had said it expected the national aviation authority of Israel to approve a fix on Thursday to allow some Boeing 737 freighters, converted by the state-run firm, to resume flying.

IAI earlier advised not to fly them after saying it had detected an apparent irregularity" in the production process of a rigid barrier installed in some of the conversions. The company has delivered 47 of the converted Boeing 737s.

IAI said it had proposed an interim solution, which was being reviewed by Civil Aviation Authority of Israel (CAAI).

CAAI reviewed favorably our... interim solution and intend to issue an Airworthiness Directive (Thursday), which will allow the aircraft to be operated safely," Reuters quoted IAI as saying.

IAI, a market leader in converting passenger planes into freighters, had recommended that operators of the aircraft should not fly them until results of the CAAIs review were known. It declined to say how many companies operated the planes, Reuters said in its report.

Separately, Australias Qantas Airways Ltd said it grounded four Boeing 737 freighters pending further guidance from IAI, which converted four Boeing 737-300 planes for Qantas in 2006. Qantas flies the converted aircraft on domestic cargo routes.

Follow this link:

SpiceJet grounds three Boeing 737 freighters on Israeli Aerospace Industries advice - Livemint

New York City, NY: December 2019 MarketResearch.Biz announces the addition of new report Aerospace 3D Printing Market Report: Geographical region, Key players, Sales volume and Demand Analysis Upto 2020 to 2029 to its database.

The Global Aerospace 3D Printing Industry 2020 Market Research Report 2029 serve the historical analysis of current Market situation, size, share, trends, growth, outlook and business with detailed analysis. This insightful market report, which is modify every year, provides all you need to know about the global Aerospace 3D Printing market. The report covers the market volumes for Aerospace 3D Printing present and the latest news and updates about the market situation. Its vast repository provides an analytical overview of the market that will help to new and existing players to take important decisions. The Aerospace 3D Printing market is anticipated to reflect a positive development trend in forthcoming years and this factor which is very useful and valuable to the business.

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The key players covered in this study,

{ Stratasys Ltd.,3D Systems Corporation,The ExOne Company,EOS GmbH,Arcam AB,Ultimaker B.V.,Hgans AB,Materialise NV,Organovo Holdings Inc.,Solvay S.A. }

We conveyed on a point by point layout of the entire key Aerospace 3D Printing market players who have noteworthy scores concerning request, revenue, and arrangements through their strong organizations. The worldwide Aerospace 3D Printing market report illustrates the significant framework of existing advancements, specifics, parameter, and creation. The Aerospace 3D Printing market in like manner passes on an all-out study of the money related energizing ride with respect to demand rate and satisfaction extents.

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The geographical division offers data that gives you an idea of the revenue of the global companies and sales figures of the growth Aerospace 3D Printing Market. Here are highlights of the Geographical divisions: North America, Europe, Latin America, Asia Pacific, Middle East & Africa.

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Scope Aerospace 3D Printing Aerospace 3D Printing Market:

Segmentation, by Material Type:PlasticsMetalsCeramicsOthersSegmentation, by Form:FilamentPowderLiquidSegmentation, by Printer Technology:Stereolithography (SLA)Fusion Deposition Modelling (FDM)Direct Metal Laser Sintering (DMLS)Selective Laser Sintering (SLS)Continuous Liquid Interface Production (CLIP)OthersSegmentation, by Application:EngineStructuralSpace ComponentsSegmentation, by Vertical:AircraftUAVSpacecraftSegmentation, by Region:North AmericaEuropeAsia PacificMiddle East & AfricaLatin America

Global Aerospace 3D Printing Industry Report Roofed Below Topics:

01: Aerospace 3D Printing Market Outlook

02: Global Aerospace 3D Printing Industry Sales, Revenue (USD$) and Market Share by Key Players

03: Aerospace 3D Printing Market Sales, Revenue (USD$) by Regions and Segmentation

04: Region-wise Aerospace 3D Printing Top Players Growth, Sales, Price and Revenue

05: Worldwide Aerospace 3D Printing Industry Vendors Profiles Study

06: Aerospace 3D Printing Production Cost Study

07: Industrial Chain Analysis, Sourcing Strategy and Downstream Aerospace 3D Printing Buyers

08: Aerospace 3D Printing Marketing Strategy Study, Distributors/Suppliers

09: Aerospace 3D Printing Industry Growth Factors Study

10: Global Aerospace 3D Printing Market Foresight (2019-2028)

11: Aerospace 3D Printing Research Discoveries and Conclusion

12: Aerospace 3D Printing Appendix

For more informationClick here for detailed TOC

We are grateful to you for reading our report. If you wish to find more details of the report or want customization, contact us. You can get a piece of detailed information on the entire research here. If you have any special requirements, please let us know and we will offer you the report as you want.

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[New Research] Aerospace 3D Printing Market is Set to Experience Revolutionary Growth by 2029 with Key Players- Stratasys Ltd.,3D Systems Corporation...

The 56 rating InvestorsObserver gives to Heico Corp (HEI) stock puts it near the top of the Aerospace & Defense industry. In addition to scoring higher than 64 percent of stocks in the Aerospace & Defense industry, HEIs 56 overall rating means the stock scores better than 56 percent of all stocks.

Click Here to get the full Stock Score Report on Heico Corp (HEI) Stock.

Analyzing stocks can be hard. There are tons of numbers and ratios, and it can be hard to remember what they all mean and what counts as good for a given value. InvestorsObserver ranks stocks on eight different metrics. We percentile rank most of our scores to make it easy for investors to understand. A score of 56 means the stock is more attractive than 56 percent of stocks.

These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

Heico Corp (HEI) stock has fallen -0.54% while the S&P 500 has risen 0.86% as of 3:45 PM on Thursday, Dec 12. HEI is lower by -$0.67 from the previous closing price of $124.10 on volume of 343,299 shares. Over the past year the S&P 500 is up 19.52% while HEI has risen 48.21%. HEI earned $2.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 54.71.

To see the top 5 stocks in Aerospace & Defense click here.

See the article here:

Where Does HEI Stock Rank in the Aerospace & Defense Industry? - InvestorsObserver

TEL AVIV (Reuters) - Israel Aerospace Industries (IAI) on Wednesday said it expected the national aviation authority to approve a fix on Thursday to allow some Boeing 737 (BA.N) freighters converted by the state-run firm to resume flying.

FILE PHOTO: Trade visitors gather at the Israel Aerospace Industries (IAI) exhibition booth at the Singapore Airshow in Singapore February 14, 2012. REUTERS/Tim Chong/File Photo

IAI had earlier advised customers not to fly them after saying it had detected an apparent irregularity in the production process of a rigid barrier installed in some of the conversions. The company has delivered 47 of the converted 737s.

IAI said it had proposed an interim solution, which was reviewed by Civil Aviation Authority of Israel (CAAI).

CAAI reviewed favorably our ... interim solution and intend to issue an Airworthiness Directive tomorrow (Thursday) which will allow the aircraft to be operated safely, IAI said in a statement to Reuters after the review.

Boeing declined to comment.

The Transportation Ministry, which oversees the CAAI, said IAIs proposed solution was being tested by the authority.

If accepted, we will issue a directive to aircraft operators tomorrow, it said in an emailed statement to Reuters.

IAI, a market leader in converting passenger planes into freighters, had recommended that operators of the aircraft did not fly them until results of the CAAIs review were known. It declined to say how many companies operated the planes.

The rigid barrier does not affect flight under normal conditions, IAI said. To the best of IAIs knowledge, there has never been a flight incident in connection with the rigid barrier on these 737 aircraft.As always, safety remains IAIs primary concern.

Australias Qantas Airways Ltd (QAN.AX) said it had taken four 737 freighters out of service pending further guidance from IAI.

IAI converted four Boeing 737-300 planes for Qantas in 2006 which the airline flies on domestic cargo routes.

The rigid barrier installed on some aircraft provides emergency support under extraordinary circumstances but did not affect flight under normal conditions, IAI said.

IAIs tests indicate that the rigid barrier may not provide the support it was designed to provide in such extraordinary conditions, the state-owned company said.

The issue does not affect aircraft flight but may limit the way the aircraft can be safely loaded for flight, it said.

IAIs converted 737 aircraft entered service in 2003.

Additional reporting by Jamie Freed in Sydney; Editing by Jason Neely and Edmund Blair

See more here:

Israel Aerospace warns against flying some converted Boeing 737 freighters - Reuters

The market insights gained through this driving simulator market research analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. What is more, Global Aerospace Foam Market research report also comprises of details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology. The driving simulator report provides with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning your own strategies with which you can outshine the competitors.

Global Aerospace Foam Market By Type (PU Foam, PE Foam, Ceramic Foam, Melamine Foam, Metal Foam, PI Foam, PET Foam, PVC Foam, Specialty High Performance Foam, Others), Application (Aircraft Seats, Aircraft Floor Carpets, Flight Deck Pads, Overhead Stow Bins), End Use (General Aviation, Commercial Aviation, Military Aircraft), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2027 .

REQUEST FOR SAMPLE PDF OF REPORT @https://www.databridgemarketresearch.com/request-a-sample?dbmr=global-aerospace-foam-market

Market Analysis and Insights:Global Aerospace Foam Market

Aerospace foam market is expected to reach USD 9.81 billion by 2027 growing at a growth rate of 6.20% in the forecast period 2020 to 2027. Global aerospace foam market report analyses the growth of this specific market which has been directly related to the increased volume of air traffic and airways travelling population considering the growth of disposable income worldwide.

Aerospace foam is a type of high performing insulating material designed to provide cushioning, support and structural support to the applicable areas they are used for. These materials provide protection against unwanted vibrations, enhance the insulation and improve the comfort levels by elevating the levels of cushioning.

With the focus of aircraft industry on developing lightweight and more fuel-efficient aircrafts the potential growth rate for aerospace foam market will witness a healthy effect in terms of its demands in the forecast period 2020 to 2027. Increased demands for flame retardant and customizable foams for different application areas is improving the areas of applications for these foam which is expected to drive the growth of aerospace foam market.

This market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research aerospace foam market contact us for an Analyst Brief our team will help you take an informed market decision to achieve market growth.

Global Aerospace Foam Market Scope and Market Size

Global aerospace foam market is segmented on the basis of type, application and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

DOWNLOAD PDF COPY OF TABLE OF CONTENT @https://www.databridgemarketresearch.com/toc?dbmr=global-aerospace-foam-market

Table of Content:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Product Stewardship Market, By Type

7 Product Stewardship Market, By Organization Size

8 Product Stewardship Market Analysis, By Region

9 Competitive Landscape

10 Company Profiles

Key Insights in the report:

Data Bridge Market Research also provides customized specific regional and country-level reports for the following areas.

Aerospace foam market on the basis of type has been segmented into polyurethane (PU) foam, polyethylene (PE) foam, ceramic foam, melamine foam, metal foam, polyimide (PI) foam, polyethylene terephthalate (PET) foam, polyvinyl chloride (PVC) foam, specialty high performance foam and others. Specialty high performance foam constitutes of polymethacrylimide (PMI) foam, polyetherimide (PEI) foam, polyethersulfone (PES) foam, polysulfone (PSU) foam, polyphenylsulfone (PPSU) foam and polyvinylidene fluoride (PVDF) foam. Others include polycarbonate (PC) foam.

Based on application the market has been segmented as aircraft seats, aircraft floor carpets, flight deck pads and overhead stow bins. Aircraft seats are further sub-segmented into 9g seating and 16g seating.

Aerospace foam market is also segmented into general aviation, commercial aviation, military aircraft on the basis of end use. Commercial aircraft segment constitutes of commercial business aviation, air charters and air taxis.

Aerospace Foam Market Country Level Analysis

Global aerospace foam market is analysed and market size, volume information is provided by country, type, application and end use as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.

North America will hold the largest share in the market in comparison to different regions worldwide for aerospace foam market. This is due to the availability of established aircraft industry in the region along with the rise of passengers travelling from and towards these regions.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Aerospace Foam Market Share Analysis

Global aerospace foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to aerospace foam market.

The major players covered in the report are Boyd Corporation, Evonik Industries AG, ERG Aerospace Corp., SABIC, BASF Corporation, Zotefoams plc, Solvay, Fritz Nauer AG, UFP Technologies, Inc., NCFI Polyurethanes, DuPont, Recticel, Rogers Corporation, ARMACELL LLC, Huntsman International LLC, Aerofoam Industries, LLC, Technifab, Inc and Forest City Technologies, Inc., Pyrotek, Greiner Foam International GmbH, SINFO, spol. s r.o., Airex AG among other players domestic and global. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

About Data Bridge Market Research:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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Global Aerospace Foam Market Industry Trends and Forecast to 2027 | Boyd Corporation, Evonik Industries AG, ERG Aerospace Corp., SABIC, BASF...

All 300 eighth-graders at Woodrow Wilson Middle School checked out a Robinson R44 helicopter Friday morning at a field in front of the facility. The event was a precursor to the launch of Middletown High Schools Aerospace & Advanced Manufacturing program. Paul Pelletier, MHS aerospace and manufacturing instructor, spoke with groups of 10 students at a time, answering questions and giving a select few a chance to sit inside the cockpit.

All 300 eighth-graders at Woodrow Wilson Middle School checked out a Robinson R44 helicopter Friday morning at a field in front of the facility. The event was a precursor to the launch of Middletown High

Photo: Cassandra Day / Hearst Connecticut Media

All 300 eighth-graders at Woodrow Wilson Middle School checked out a Robinson R44 helicopter Friday morning at a field in front of the facility. The event was a precursor to the launch of Middletown High Schools Aerospace & Advanced Manufacturing program. Paul Pelletier, MHS aerospace and manufacturing instructor, spoke with groups of 10 students at a time, answering questions and giving a select few a chance to sit inside the cockpit.

All 300 eighth-graders at Woodrow Wilson Middle School checked out a Robinson R44 helicopter Friday morning at a field in front of the facility. The event was a precursor to the launch of Middletown High

Middletown middle-schoolers learn the skies are the limit for aerospace industry jobs

MIDDLETOWN Starting off ones career in aerospace manufacturing can be more lucrative than entry-level salaries for many industries that require a four-year college degree.

So learned 300 Woodrow Wilson Middle School eighth-graders Friday morning, as Paul Pelletier, aerospace and manufacturing instructor at Middletown High School, introduced the teens to a unique outdoor classroom: a 1,470-pound Robinson R44 helicopter, waiting for them in a field in front of the facility.

Hes also a 17-year vocational instructor.

The event was a precursor to the launch of Middletown High Schools two-course Aerospace & Advanced Manufacturing program. Pelletier spoke with groups of 10 students at a time during a very cold morning, answering questions and allowing a select few a chance to sit in the cockpit.

Hes an extremely passionate and talented educator. Its a great opportunity. Its sort of like the stars are aligned in Connecticut for this program, because of the need, and our ability to build something that would respond to the need, said school district grants coordinator Natalie Forbes.

The helicopter was meant to represent opportunities in the aerospace industry. The skys the limit for students willing to invest their time and energy in the field, organizers said.

College debt is a crisis in the United States, said Pelletier, who created a partnership with the state Department of Education, businesses, and Asnuntuck Community College in Enfield, which is offering college credit for students who take these classes at MHS.

We can create pathways in aerospace for students, where they can accomplish anything they want, and go to college, Pelletier said. Doing so is a win-win, he said.

Kids love high-tech gadgetry. Kids really love whats going on in these aerospace manufacturing companies. Theres such a need in Connecticut, he said. Another perk is companies such as Pratt & Whitney are willing to pay for their employees higher education.

VIDEO: Woodrow Wilson Middle School 8th-graders got up close to Robinson R44 helicopter this morning #Middletown. Copter introduced them to opportunities in aerospace industry. Middletown high is launching Aerospace & Advanced Mfg program

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The reason why theres such a demand for skilled workers is two-fold.

All us old guys are retiring, said Tom Barclay, a former 30-year director of maintenance for Lifestar.

Barclay is Pelletiers mentor.

I will be your aerospace mentor. Ill follow you all four years, and Ill do what I can to help place you in a job, he said to the eighth-graders, calling the program the Air Jordans of aerospace programs.

Also, the aerospace industry is booming, Pelletier said.

China is becoming a middle-class country, and so is India, and the worlds economy is [rising]. Theres a huge backlog of parts in the world, he explained.

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VIDEO: Woodrow Wilson Middle School 8th-graders got up close to Robinson R44 helicopter this morning #Middletown. Copter introduced them to opportunities in aerospace industry. Middletown high is launching Aerospace & Advanced Mfg program pic.twitter.com/yHx4GlRFuu

There are three centers of aerospace worldwide: Toulous, France; Seattle, Wash.; and Connecticut, the only one that makes jet engine parts.

A retiring generation creates a nice opportunity for kids, according to Pelletier.

Theyre not producing enough people who are responsive to the need out there. We want our kids to graduate. We want them to be prepared for life and to have wonderful opportunities. And this theres no better right now, Forbes said.

Middletown is going to be the leader in the state for creating job-ready students. Were going to do a better job than the vocational system, other school systems. Were in the front of it all, Pelletier said.

Middletown is home to the Pratt & Whitney engine factory. We are aerospace manufacturing, he said.

Currently, U.S. student debt is $1.5 trillion (the U.S. debt is $22 trillion) and the average student has $30,000 in debt, according to Forbes.

In 2018, the average wage of a four-year college graduate with more than $30,000 in student debt was $48,400, according to the National Association of Colleges and Employers.

The average wage of a graduate of a one-year advanced manufacturing certification/ certified production technician is $53,000, according to the Connecticut Bureau of Labor Statistics.

Christine Bourne, chief of administration for Middletown Public Schools, explained why grants are needed to help temper the costs of this program.

When you think about the things that this needs: It needs its own shed, it needs its own classroom, it needs specific equipment to run the class it all costs money, Bourne said, such as special electrical flooring.

Several of the eighth-graders already have ideas about their preferred careers.

Gavin Sanchez wants to be a forensic scientist. He was mostly inspired by the television show he enjoys with family, the superhero show The Flash. The main character is a crime scene investigator.

Seeing him being able to analyze what kind of tire made some tracks was interesting, Gavin said.

Mackenzie Guard wants to be a graphic designer. I want to do more of the artistic thing, because Ive always had a thing for drawing and art, and making creative video game worlds for people to enjoy.

Everybody thinks they have to go and get a four-year liberal arts degree to make it in the world. But you can make as much money if not more by being a skilled mechanic in the aviation industry, Pelletier told the children.

Hes really taken the ball. He has connections with industry, with the schools, said David Reynolds, the head of Career and Tech Education at Middletown High, as well as the DECA advisor.

The most important thing is getting to the students early, even before high school.

If we get to them when theyre in eleventh grade, they already know what theyre doing. Its almost too late for a lot of these kids, Reynolds said. Some companies will pay for courses even if their workers arent interested in manufacturing.

The promise is to say to a kid, You can have a career with no college debt. If you want to be a doctor, you can get a job making 40, 50, 60 thousand dollars. Pratt will pay for them to go back to school to follow their dreams, he said.

No one wants $120,000 in school debt and then come out and not get a job. If we look at our role as exposing kids to everything the workplace has to offer, this is an awesome part of that, Reynolds explained.

For information, visit mhs.middletownschools.org.

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Middletown middle-schoolers learn the skies are the limit for aerospace industry jobs - Middletown Press