Gardner Aerospace Finalizes Sale to China’s SLMR – Aviation Week

Gardner Aerospace technicians on the job.

Airbus supplier Gardner Aerospace has completed its sale to Ligeance Investments Ltd., a Hong Kong-based subsidiary of Chinese firm Shaanxi Ligeance Mineral Resources (SLMR), according to a company press release.

Gardner (Hall 2b, Booth E140) is Europes largest supplier of aerospace detailed parts and sub-assemblies, providing parts to key aerospace firms including Airbus, Spirit, GKN and Stelia Aerospace. The company employs more than 1,400 people worldwide and has 10 facilities in the UK, France, Poland and India.

With the long-term backing of our new owners, we will be able to accelerate our growth plans, construct operations in new locations and continue to offer our customers, such as Airbus, excellent quality production at competitive prices, said Nick Sanders, executive chairman, Gardner Aerospace.

The deal is worth more than 300 million (US$384 million), and gives Gardner access to the growing Chinese domestic market, according to the press release. SLMR started in 1993 as a mining business, but has recently diversified into the aerospace sector and now has a number of subsidiaries dedicated to engine and airframe work.

The acquisition of Gardner Aerospace will allow us to serve our customers better in China and the rest of the world for decades to come, said Zheng Zhang, chairman of SLMR.

With the management team at Gardner Aerospace, we intend to further consolidate the global aerospace supply chain through careful, strategic acquisitions.

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Gardner Aerospace Finalizes Sale to China's SLMR - Aviation Week

Command Change at Canadian Forces Aerospace Warfare Centre – CKWS

There was a change of command held at CFB Trenton today. It was for the Canadian Forces Aerospace Warfare Centre. As Darryn Davis found out while the warfare centre is small in numbers it is the linchpin shaping the future of the R-C-A-F

Capability integration will be a key factor in the delivery of information age air power. As CFAWC needs to expand its portfolio further in order to be optimally postured to support the commander RCAF and his air staff. Thats the outgoing commander of the Canadian Forces Aerospace Warfare Centre talking about the ongoing work that lies ahead for the centre and its incoming commander Colonel Shayne Elder. The Aerospace Warfare Centres role is ensuring the Royal Canadian Air Force is ready for the ever changing demands of today and the future. Were attempting to develop future air power strategies that might shape the institution forward, we cater for emerging threats around the world. The centre also oversees air power doctrine and provides education based off that analysis. The air force commander says this is a good time for the R.C.A.F. Its growing and moving in the right direction for the expectations placed on it. Well be expanding the size of our fighter force moving forward well be bringing on new capabilities so through a career of actually seeing reductions in the military this has been very very welcome. The commander of the air force says as they plan and prepare for the future he sees a growing role for the air force centre here in Trenton. Weve aligned all of our electronic warfare development and training through the warfare centre, were looking at operational test and evaluation as well. The Canadian Aerospace Warfare Centre also has a presence in Waterloo working on innovative ideas to maintain operational advantages on the battlefield. Darryn Davis CKWS news CFB Trenton.

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Command Change at Canadian Forces Aerospace Warfare Centre - CKWS

As world gathers for Paris Air Show, report shows global aerospace, defense revenue growth slowing – Puget Sound Business Journal (Seattle)

As world gathers for Paris Air Show, report shows global aerospace, defense revenue growth slowing
Puget Sound Business Journal (Seattle)
As the global aerospace world gathers in France for this week's Paris Air Show, a new report by consulting giant Deloitte confirms what some in the sector have known for months. After several aerospace boom years and despite all the hype and flashy air ...
Evan Weese Staff reporter Columbus Business FirstColumbus Business First

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As world gathers for Paris Air Show, report shows global aerospace, defense revenue growth slowing - Puget Sound Business Journal (Seattle)

PPG Industries Launches Aerospace Sealant Injection Tool – June … – Zacks.com

PPG Industries (PPG - Free Report) launched an innovative high-pressure aerospace sealant injection tool Semco 1010 HP that addresses the unique application requirements of channel sealing aircraft wings for prevention of fuel leaks during flight.

The sealant application pressure being too high causes damage to the aircraft wing. The Semco 1010 HP dispensing tool has a pressure limiting mechanism to combat this issue.

Semco 1010 HP is the latest addition to the Semco high-pressure injection tool line, providing the users consideration advantages over earlier generations of dispensing tools.

The model works well with the highly viscous, noncuring sealant that is forced through grooves of aircraft wings. The tool is ATEX Class II certified and can be used in potentially volatile environments during maintenance applications. It is also salt fog resistant for highly corrosive theaters.

PPG Industries has outperformed the Zacks categorized Chemicals-Diversified industry over the past three months. The companys shares have moved up around 6.3% over this period, compared with roughly 4.5% gain recorded by the industry.

The company has a diversified business, both in terms of products offered and geographical presence. The companys strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.

PPG Industries is also executing an aggressive cost cutting and restructuring strategy. The company has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. The restructuring actions are expected to deliver $120$130 million in annual savings, with $40$50 million of savings expected to be realized in 2017.

PPG Industries is, however, exposed to currency headwind, macroeconomic challenges and volatility in raw materials and energy costs. Some of its end-markets including marine still remain sluggish.

PPG Industries, Inc. Price and Consensus

Zacks Rank & Key Picks

PPG Industries currently carries a Zacks Rank #3 (Hold).

Some better-ranked companies in the chemical space include BASF SE (BASFY - Free Report) , The Chemours Company (CC - Free Report) and Huntsman Corporation (HUN - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of todays Zacks #1 Rank stocks here.

BASF has expected long-term growth of 8.9%.

Chemours has expected long-term growth of 15.5%.

Huntsman has expected long-term growth of 7%.

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PPG Industries Launches Aerospace Sealant Injection Tool - June ... - Zacks.com

Checklist: Alabama air show missions boost aerospace sector – Alabama NewsCenter

Its no wonder that Alabama has sent a top-level economic development team to the major air shows in Europe for many years. The annual trips to aerospace trade events in Paris and London have set the stage for growth in an industry important to the states future.

The Paris Air Show, going on this week, and its alternating sibling, the Farnborough International Airshow, offer Alabamas team an unmatched opportunity to develop and build relationships with key industry figures.

In some cases, air show discussions have led directly to projects that have created jobs in Alabama.

Over the years, Alabamas team has engaged in scores of private meetings with industry decision-makers in Paris and Farnborough. With Gov. Kay Ivey leading the team in Paris, this year is no different.

Bob Smith, the Alabama Department of Commerces point man on aerospace and a veteran of many air show missions, said the event is structured to foster relationships and accelerate potential deals.

How else could the governor meet with a dozen C-suite executives in just two days? She would have to fly all over the world to do that, said Smith, the departments assistant director of business development-European strategy.

At the Paris Air Show, you just have access to people you normally wouldnt have access to, he said. Thats why every viable aerospace company in the world convenes at these air shows.

Alabamas team can point to notable successes at the air shows.

No. 1: BUILDING TIES WITH AIRBUS

Alabama economic development officials have spent years cultivating a relationship with France-based Airbus. That became even more important after the companys plans to build a U.S. Air Force refueling tanker were dashed in 2011.

Alabama officials stayed in touch with Airbus officials, connecting with them at air shows and other opportunities. It paid off: Airbus is now assembling A320 Family passenger jets at a new $600 million manufacturing facility in Mobile.

The relationship continues to grow. In May, Ivey and Airbus announced plans for a $6.5 million aviation education center in Mobile that aims to interest young people in aviation careers.

We look forward to working hand-in-hand with Governor Ivey to bring the education center to reality and help ensure its relevance as well as the future of the aerospace industry in Alabama, Airbus Americas Inc. CEO Allan McArtor said at the time.

No. 2: MAKING A SPLASH AT THE AIR SHOW

At Farnborough in 2014, Alabama was the center of three project announcements that involved the creation of 700 aerospace jobs.

The splashiest was held at GE Aviations exhibition hall, where the companys leadership revealed groundbreaking plans to launch mass production of a 3-D printed jet engine nozzlein Auburn.

The global aerospace industry press was there for an announcement that put Alabama on the cutting edge of technology.

The same day, U.K.-based GKN Aerospace rolled out plans for a composite design engineering center at its aerostructures plant in Elmore County, and Huntsville-based SES announced a $70 million expansion of its helicopter-modification facility.

In one eventful day, Alabamas aerospace industry gained around 700 future jobs.

No. 3: SPARKING JOB-CREATING PROJECTS

Talks initiated at the air shows can lead companies to make investments in Alabama.

One example is RUAG Space, a Swiss company that just opened a 130,000-square-foot manufacturing center on the campus of United Launch Alliances rocket factory in Decatur. The $30 million project is expected to create at least 100 jobs.

The project got started at the 2014 Farnborough Airshow, when Alabama officials met with RUAG Spaces Swiss executive team. Talks with ULA leaders about the collaboration took place at that Farnborough show and the next year at the Paris Air Show.

A grand opening for the RUAG facility, which produces aerodynamic fairings for rockets, was held May 31.

The RUAG Space USA partnership with ULA will help keep our state on the cutting edge of aerospace innovation, U.S. Sen. Luther Strange, R-Ala., said at the event.

Another example is GE Aviations additive manufacturing project in Auburn.

Plans for that facility in were first discussed at the 2013 Paris Air Show when GE Aviation CEO David Joyce met with Alabama leaders. They discussed what the next generation of technology would look like and how the existing Auburn facility could fit into that.

At the 2014 Farnbough show, GE Aviation executives joined Alabama leaders to announce the $50 million project.

No. 4: LIFTING OFF WITH THE MADE IN ALABAMA BRAND

The air shows are also a platform for promoting Alabama. In Paris, the teams home baseis the Department of Commerces Made in Alabama booth, which features a conference room thats booked solid for meetings.

Looking good counts. The booth won a top design award at Farnborough last year.

To compete in this technologically forward industry, its important for us to present Alabama in a way thats sophisticated and appealing, said Greg Canfield, secretary of the Alabama Department of Commerce.

The Made In Alabama booth helps us tell our story at the air show.

Standing out at the air show is important because the U.S. Pavilion will be packed with exhibition booths from around two dozen states, cities and economic development agencies, according to air show organizers.

This story originally appeared on the Alabama Department of Commerces Made in Alabama website.

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Checklist: Alabama air show missions boost aerospace sector - Alabama NewsCenter

UTC Aerospace Systems Unveils First Chromate-Free REACh-Compliant Landing Gear Corrosion Protection Coating … – PR Newswire (press release)

In addition to the non-chromate primer, UTC Aerospace Systems is also implementing Zinc Nickel plating for steel components as a drop-in replacement for Cadmium and Titanium Cadmium in support of the REACh sunset dates. Its first application will be on the A350-1000 main landing gear.

"As aircraft manufacturers, OEMs and MROs work to comply with the EU's REACh regulations, we're happy to work with our customers on these innovative new solutions to help them succeed in achieving their goals," said Landing Systems President Jim Wharton.

"This is part of UTRC's missionto quickly transition world-class science and technology to our businesses enabling industry-unique solutions for our customers," said Steve Tongue, Senior Director, UTC Aerospace Systems Program Office, UTRC. "There are significant technology hurdles to overcome within the aerospace industry as we work to meet these vital REACh requirements. We still have a long way to go, but are encouraged by the recent advances we've made."

About UTC Aerospace Systems UTC Aerospace Systems is one of the world's largest suppliers of technologically advanced aerospace and defense products. UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries, supporting a global customer base with significant worldwide manufacturing and customer service facilities. For more information about the company, visit our website at http://www.utcaerospacesystems.com or follow us on Twitter: @utcaerosystems

About United Technologies Research Center As the innovation hub of United Technologies Corp. (UTC), United Technologies Research Center (UTRC) supports the development of new technologies and capabilities across the company and collaborates with external research organizations, universities and government agencies globally to push the boundaries of science and technology. Further, UTRC leads the monetization of UTC's intellectual property through business model innovation. UTRC is headquartered in East Hartford, Connecticut, with additional operations at its affiliate in Berkeley, California, and its subsidiaries in Shanghai, China; Rome, Italy; and Cork, Ireland. UTC, based in Farmington, Connecticut, provides high technology systems and services to the building and aerospace industries. Learn more at http://www.utrc.utc.com.

About United Technologies Corporation United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. For more information about the company, visit our website at http://www.utc.com or follow us on Twitter: @UTC

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/utc-aerospace-systems-unveils-first-chromate-free-reach-compliant-landing-gear-corrosion-protection-coating-for-steel-parts-on-commercial-airplanes-300477200.html

SOURCE UTC Aerospace Systems

http://www.utcaerospacesystems.com

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UTC Aerospace Systems Unveils First Chromate-Free REACh-Compliant Landing Gear Corrosion Protection Coating ... - PR Newswire (press release)

UTC Aerospace Systems Is Helping To Shape The Wing Of The Future – PR Newswire (press release)

"The Centre is home to equipment that utilizes new technologies and an automated production line that can produce a fuel pipe in less than four minutes and with only four weeks lead time," said Edward Dryden, General Manager, Composite Centre of Excellence, UTC Aerospace Systems. "In addition, our close proximity to leading universities, research centers, a hub of Formula One manufacturers and UTC Aerospace Systems' Actuation Systems business in Wolverhampton gives us the opportunity to tap into a great knowledge base and exceptional talent pool."

The Centre is currently supplying composite fuel pipes and isolators for the carbon wings of Airbus's A350XWB. In total, the Centre supplies more than 300 fuel pipes and 20 isolators for the wings.

"A key benefit of our composite fuel pipes and isolators is that they help protect the wing from lightning strike damage," added David Chard, Business Development Director, Composite Centre of Excellence, UTC Aerospace Systems. "And they are built to last the entire life of the aircraft. No maintenance is required." In addition, the pipes and isolators offer a weight savings at the aircraft level through the removal of lightning shielding. UTC Aerospace Systems will display a composite transmission shaft, fuel pipe and tie rod at the Paris Air Show.

About CTG Composite Centre of ExcellenceCTG, a UTC Aerospace Systems unit, designs, develops and manufactures advanced composite products and systems for the aerospace industry. CTG has established an international reputation for its innovation, quality and development of composite solutions across a wide business spectrum, including composite pipes and isolators, transmission shafts and structural aircraft tie rods and struts. http://www.ctgltd.com/

About UTC Aerospace SystemsUTC Aerospace Systems is one of the world's largest suppliers of technologically advanced aerospace and defense products. UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries, supporting a global customer base with significant worldwide manufacturing and customer service facilities. For more information about the company, visit our website at http://www.utcaerospacesystems.com or follow us on Twitter: @utcaerosystems

About United Technologies CorporationUnited Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. For more information about the company, visit our website at http://www.utc.com or follow us on Twitter: @UTC

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/utc-aerospace-systems-is-helping-to-shape-the-wing-of-the-future-300477254.html

SOURCE UTC Aerospace Systems

http://www.utcaerospacesystems.com

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UTC Aerospace Systems Is Helping To Shape The Wing Of The Future - PR Newswire (press release)

Instant Analysis: Stratasys Is Flying High in Aerospace — Partners with Supersonic Aircraft Start-Up – Motley Fool

Boom Supersonic will use the 3D printing company's technology to accelerate production of the parts for its demonstration aircraft. What happened?

Last week, 3D printing company Stratasys (NASDAQ:SSYS) and supersonic airliner start-up Boom Supersonic announced what they termed a "significant" three-year technical partnership.

The partnership's goal is "to bring the commercial airline industry one step closer toward routine supersonic travel." Boom will use Stratasys' fused deposition modeling (FDM) 3D-printing technology and expertise to help it speed up the production of advanced tooling and aircraft parts for its XB-1, a supersonic demonstrator that it plans to fly for the first time next year. Boom claims its airliner will fly 2.6 times faster than any other commercial aircraft currently on the market.

Image source: Boom Supersonic.

This is moderately material news for Stratasys and its investors. Boom Supersonic is aiming to revolutionize commercial air travel, so Stratasys could be getting in on the ground level of a budding new segment within the lucrative aerospace industry.

It's a team-up that builds on the momentum of the partnership Stratasys' forged last summer with aerospace titan Boeing.Boeing and Fordare partnering with Stratasys on the development of Infinite Build, a next-generation 3D-printing technology that prints on a vertical plane, enabling the production of parts that have a nearly unlimited dimension in the build direction.Last year, Stratasys launched the Infinite Build demonstrator.

Stratasys' increasingly strong aerospace chops could bring it more business from other aerospace players as the industry continues to embrace 3D printing as a faster, more cost-effective, and less design-constrained method than traditional manufacturing to produce advanced tooling and final parts.

Beth McKenna has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Ford. The Motley Fool recommends Stratasys. The Motley Fool has a disclosure policy.

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Instant Analysis: Stratasys Is Flying High in Aerospace -- Partners with Supersonic Aircraft Start-Up - Motley Fool

Solvay, GKN Aerospace to cooperate on thermoplastic composites … – CompositesWorld

Solvay Composite Materials (Tempe, AZ, US) and GKN Aerospaces Fokker business (Hoogeveen, The Netherlands) announced at the Paris Air Show that theyhave teamed up to promote and accelerate the adoption of thermoplastic composite materials on aircraft, with Solvay becoming a preferred supplier of these innovative lightweight materials to Fokker.

Under the agreement, Solvay and GKN Aerospaces Fokker business will combine their expertise to advance technological developments in thermoplastic composite materials, as well as improve processes and cost competitiveness. The companies say the businesses have complementary materials expertise in thermoplastic polymers and fiber reinforced composites. GKN Aerospaces Fokker business also brings leadership in component design and manufacturing, to translate the technology into innovative solutions for aerospace customers.

Solvays partnership with GKN Aerospaces Fokker business is an important step in our goal to become the leading supplier of thermoplastic composite materials to the aerospace, oil andgas and automotive industries. A deeper understanding of the markets needs and challenges in adopting these new materials together with Fokkers expertise in design and manufacturing will enable us to develop technologies to industrialize the manufacturing of thermoplastic composites and parts, said Carmelo Lo Faro, president of Solvays Composite Materials Global Business Unit (GBU).

Toine Verbruggen, vice president procurement and supply chain management of GKN Aerospaces Fokker business, said,This agreement will contribute to our technology leadership in thermoplastic innovation. We design and manufacture the systems and components that our customers need, and this partnership will enable us to offer more advanced, lightweight solutions to our customers.

Thermoplastic composites can reduce the weight of aircraft components by up to 25%, when compared to traditional metallic solutions. This helps reduce emissions, boost aircraft performance and enhance the efficiency of parts manufacturing.

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Solvay, GKN Aerospace to cooperate on thermoplastic composites ... - CompositesWorld

Small Connecticut Aerospace Players Look For Big Opportunities In Paris – WNPR News

Fourteen small Connecticut aerospace companies are exhibiting their wares at the Paris Air Show this week. They join thousands of other businesses at the worlds biggest industry showcase.

All the major players -- the big airlines, aircraft companies, and engine makers -- strut their stuff at the European air show each year, showing off new products and making billions of dollars in deals.

In all honesty, aerospace is a bit like a club," said Clive Cunliffe of New England Airfoil. "Everybody knows everybody, and you have to have that personal interface.

Cunliffe's adopted company is a tiny business of just under 60 employees in Farmington. They too will be in Paris, courtesy of Connecticuts Department of Economic and Community Development, which each year takes a booth at the air show.

Cunliffe said for him and the 13 other small Nutmeg companies sharing that stand, the results in terms of sales will be tangible.

Inquiries that come in through the air show can take one to even three years to incubate, but unless youve got a presence at the Air Show, youre not seen as a serious player in the aerospace business, he told WNPR.

New England Airfoil itself was a failing business just a couple of years ago, when Italian forging company Pietra Rosa stopped by the Connecticut booth at the air show, looking to discuss gaining a foothold in North America.

Talks at the show eventually led to Pietra Rosa buying and reviving the Farmington-based company, which is now growing and adding employees.

DECD Commissioner Catherine Smith said boosting Connecticuts aerospace supply chain is a good investment for the state.

Weve seen as many as a billion dollars of sales be made in one individual year from the companies we take with us," she said. "Last year I believe the number was right about $400 million, so this is a really productive opportunity for these companies.

The Air Show runs through Saturday at Le Bourget, just outside Paris.

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Small Connecticut Aerospace Players Look For Big Opportunities In Paris - WNPR News

Mahindra Aerospace to soon launch 10-seater aircraft – Economic Times

PARIS: In a boost to the Modi governments regional connectivity scheme (RCS), Mahindra Aerospace will soon start the process to launch a 10-seater aircraft in India.

Our aircraft AIRVAN 10, a 10-seat Single Engine Turbine aircraft, has received approvals from the Australian and US civil aviation authorities. We will soon apply to the Directorate General of Civil Aviation (DGCA) for approvals, which will pave our way for the launch of the aircraft in India, SP Shukla, chairman, Mahindra Aerospace, and Group President-Aerospace & Defence, Mahindra Group told ET.

The Rolls-Royce M250 powered AIRVAN 10 follows in the footsteps of the piston engine 8-seat AIRVAN 8, and the Turbocharged version of this aircraft, which now operate in 29 countries and have achieved high service times with the excellent reliability and low maintenance costs, the company said.

He added that the company is hopeful that this aircraft will give a boost to the governments regional flight scheme. Under the RCS, the government is offering flights connecting unserved and underserved airports in the country at a subsidised fare of Rs 2,500 per hour of flight.

In another deal announced on Tuesday, Mahindra Aerostructures signed a long-term contract with Airbus SAS to manufacture and supply components made of hard metals aerospace steel, titanium and Inconel for the airplane manufacturers workhorse A320neo and A350XWB.

This will be the first direct work package from Airbus to Mahindra Aerostructures, who will execute the work together with its sub-tier, Segnere SAS based in France.

(The correspondent is attending the Paris Air Show at the invitation of AirAsia)

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Mahindra Aerospace to soon launch 10-seater aircraft - Economic Times

Instant Analysis: Stratasys Is Flying High in Aerospace — Partners with Supersonic Aircraft Start-Up – Madison.com

What happened?

Last week, 3D printing company Stratasys (NASDAQ: SSYS) and supersonic airliner start-up Boom Supersonic announced what they termed a "significant" three-year technical partnership.

The partnership's goal is "to bring the commercial airline industry one step closer toward routine supersonic travel." Boom will use Stratasys' fused deposition modeling (FDM) 3D-printing technology and expertise to help it speed up the production of advanced tooling and aircraft parts for its XB-1, a supersonic demonstrator that it plans to fly for the first time next year. Boom claims its airliner will fly 2.6 times faster than any other commercial aircraft currently on the market.

Image source: Boom Supersonic.

This is moderately material news for Stratasys and its investors. Boom Supersonic is aiming to revolutionize commercial air travel, so Stratasys could be getting in on the ground level of a budding new segment within the lucrative aerospace industry.

It's a team-up that builds on the momentum of the partnership Stratasys' forged last summer with aerospace titan Boeing.Boeing and Fordare partnering with Stratasys on the development of Infinite Build, a next-generation 3D-printing technology that prints on a vertical plane, enabling the production of parts that have a nearly unlimited dimension in the build direction.Last year, Stratasys launched the Infinite Build demonstrator.

Stratasys' increasingly strong aerospace chops could bring it more business from other aerospace players as the industry continues to embrace 3D printing as a faster, more cost-effective, and less design-constrained method than traditional manufacturing to produce advanced tooling and final parts.

10 stocks we like better than Stratasys

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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.

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Beth McKenna has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Ford. The Motley Fool recommends Stratasys. The Motley Fool has a disclosure policy.

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Instant Analysis: Stratasys Is Flying High in Aerospace -- Partners with Supersonic Aircraft Start-Up - Madison.com

JLT Specialty Makes Leadership Changes at North America Aerospace Practice – Insurance Journal

Global specialty broker and risk advisor JLT Specialty USA has made several leadership appointments in its Aerospace practice in North America.

The appointments include elevating Phil Gingell, who most recently served as president of the JLTs aerospace division in North America, to the executive chairman role.Gingell started his insurance career in 1976. In 1988, he was a founding director of Nicholson Chamberlain Colls, a Lloyds broker, which was subsequently acquired by Aon. In 2002, Gingell joined Heath Lambert Aviation, which was subsequently acquired by JLT in 2003. In June 2004 he transferred to JLTs U.S. aviation division where he has served as president for 13 years.

Jason Klevens, who joined the organization in May 2016 and has served as executive vice president of JLTs aerospace unit, is being promoted to president of aerospace and will remain in the Atlanta office.Klevens joined JLT from Willis Towers Watson, where he served as senior vice president and had responsibilities that included managing the general aviation staff and Atlanta aerospace office portfolio.

JLTs aerospace unit is further widening its specialty focus and global practice with two additional appointments. Steve Lloyd has been named chief executive officer and Steve Alexandris, deputy chief executive officer.

Lloyd will relocate from London and be based in Chicago. Lloyd joined JLT in 2013 and most recently served as a partner and a member of the executive committee for JLT aerospace in London. Prior to joining JLT, Lloyd was an executive managing director for the airline practice at Marsh.

Alexandris has 20 years of aerospace and aviation industry experience, having held senior management roles and in both underwriting and broking. Most recently he was regional executive for aerospace in the Americas at AIG. Alexandris remains based in Atlanta.

Globally, JLTs Aerospace practice includes more than 250 specialists who serve all segments of the aerospace and aviation industry. JLT said it represents nearly a third of airlines worldwide.

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JLT Specialty Makes Leadership Changes at North America Aerospace Practice - Insurance Journal

Dubai Aerospace to consider jet order after AWAS deal closes – Reuters

DUBAI Government-controlled Dubai Aerospace Enterprise (DAE) will consider ordering more than 20 new aircraft after it acquires Dublin-based lessor AWAS, a deal it expects to close in the "early part of the third quarter," its chief executive said.

DAE, the aircraft leasing and maintenance company controlled by the government of Dubai, previously said the deal, announced in April, would finalize sometime in the third quarter. The acquisition is subject to regulatory approval.

"I think it is fair to say after the close we will seriously consider placing a large order so that we have proper line of sight on ... growth for our company for the next several years," DAE CEO Firoz Tarapore told Reuters.

The order would be "bigger than" the 23 new Airbus aircraft AWAS has on order, he said.

The AWAS acquisition would more than double DAE's fleet from 131 owned, managed and committed aircraft to 394 worth over $14 billion by the end of 2018. That will make DAE one of the world's top aircraft lessors behind the likes of General Electric (GE.N) and AerCap (AER.N).

DAE is interested in buying narrow and wide-body jets from Airbus (AIR.PA) and Boeing (BA.N), and turboprop aircraft from ATR which is co-owned by Airbus and Italy's Leonardo LDOF.PA with deliveries to start from late 2019 - subject to availability.

Tarapore said the firm would look at the Airbus A320neo and A350-900, Boeing's 737 MAX, 787-9 and 777 freighter, and ATR's 72-600.

"Narrow-bodies of course are the first preference but we believe that there are a few wide-body types that are quite appropriate to have on a leasing company books," he said.

The ATR 72-600 fleet could grow to the "top end" of the 60-to-100 spectrum, he added. DAE currently has 57 owned and committed ATR 72-600s.

DAE believes the AWAS acquisition will give it the benefits of scale - it will have more than 110 airline customers spread across 55 countries.

Reuters reported on Monday that DAE plans to raise up to $2 billion in July with the proceeds to be used towards financing the AWAS acquisition.

It is acquiring AWAS from private equity firm Terra Firma Capital Partners [TERA.UL] and the Canadian Pension Plan Investment Board (CPPIB).

(Editing by Mark Potter)

LONDON Rupert Murdoch will find out by June 29 whether he is closer to securing takeover target Sky after Britain set out a timetable to rule on whether the media mogul is a suitable owner of Europe's biggest broadcaster.

SYDNEY/LONDON Rio Tinto selected Yancoal on Tuesday to buy its Coal & Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid.

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Dubai Aerospace to consider jet order after AWAS deal closes - Reuters

Embry-Riddle, University of Salford UK Form Unique Aerospace Partnership for New Master’s Degree – ERAU News

Embry-Riddle, the worlds oldest and largest university specializing in aviation and aerospace, has a long-standing education and training presence at U.K. air bases but this is the first time it has teamed up with a major UK campus.

The new masters qualification is expected to be highly coveted, as it will equip graduates with two degrees one from Embry-Riddle and a second from the University of Salford.

Vice-Chancellor (International and Regional Partnerships) Professor Jo Purves and Embry-Riddle Worldwide Chancellor Dr. John R. Watret agreed the collaboration on the opening day of the Paris Air Show at Le Bourget, France on Monday, June 19.

Together the two universities boast long-standing partnerships with numerous industry players including Airbus and Boeing, while Embry-Riddle alumni include NASA astronauts Daniel Burbank and Alvin Drew.

We are honored to partner with the University of Salford to deliver world-class programs that will enable our students to be productive and successful participants in the aerospace community, said Embry-Riddle President Dr. P. Barry Butler. Collaborations between our two great universities will benefit everyone involved.

Professor Purves said Embry-Riddle is a gold standard in aviation qualifications in the U.S. with a history going back to the 1920s, so we are thrilled to be their first UK higher education partner. Graduates with our double qualification will be uniquely placed to pursue careers worldwide in aircraft engineering and avionics, aerospace and airport management.

This partnership fully underlines our commitment to work collaboratively with leading organizations to enhance the career prospects of our students.

The masters course, which starts in September 2017, is suitable for engineering graduates or professionals working in industry. It will be delivered online and onsite at the University of Salfords campus in the UK.

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About University of Salford

The University of Salford draws on an iconic industrial heritage to offer real-world learning and research experiences and create highly-employable graduates. Salford is ranked by the Sunday Times as one of the best 10 places for graduates to find work the heart of the UK Northern Powerhouse. Leading in media and digital, business, technology, science, engineering and health, its strategy to provide degree courses embedded in industry and the professions is proving successful with applications rising by 25 percent in two years and recruitment bouyant. Salford features in the QS World University Rankings for built environment and civil engineering, and 89 percent of undergraduate honors degrees support students into a work placement and many courses are accredited by industry bodies like the Institution of Structural Engineers, the Royal Aeronautical Society and the Nursing & Midwifery Council.

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Embry-Riddle, University of Salford UK Form Unique Aerospace Partnership for New Master's Degree - ERAU News

Wichita’s already the Air Capital. Why not the ‘aerospace capital’ as well? – Wichita Eagle


Wichita Eagle
Wichita's already the Air Capital. Why not the 'aerospace capital' as well?
Wichita Eagle
Seeking to draw more military and NASA work to Kansas, Rep. Roger Marshall brought an influential committee chairman to Wichita State University's innovation and aviation campuses on Monday. Marshall is a member of the U.S. House Science Space and ...

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Wichita's already the Air Capital. Why not the 'aerospace capital' as well? - Wichita Eagle

Jeff Bezos accepts top aerospace award and Father’s Day pancakes in one weekend – GeekWire

With his wife Mackenzie Bezos by his side, Blue Origin founder Jeff Bezos accepts the Collier Trophy awarded to his New Shepard rocket. (NAA Photo)

Amazon CEO Jeff Bezos and the Blue Origin team has accepted one of the aerospace communitys most prestigious awards, the Robert J. Collier Trophy, for developing a reusable spaceship that could start taking on passengers as early as next year.

The National Aeronautic Association bestowed the honor upon Bezos Blue Origin venture back in March, but on Friday the team converged on The Ritz-Carlton, Pentagon City, in Virginia to pick up the trophy at the annual award dinner.

The trophy recognizes the greatest achievement in aeronautics or astronautics in America during the previous year. Over the past year and a half, Blue Origins uncrewed New Shepard spaceship conducted five successful round trips to space and back, earning it a place amongother pivotal moments in historysuch as the Wright brothers flights and the landing of the Curiosity rover.

The uncrewed flights are test runs for commercial passenger flights that could begin by the end of 2018, if Blue Origin sticks to Bezos hoped-for schedule.

This morning, Bezos reflected on the moment when he held the trophy up high, embraced by his wife, novelist MacKenzie Bezos, and surrounded by his team at an after party.

Winning the Collier Trophy is incredibly emotional for me and the whole Blue Origin team, Bezos said when the award was announced in March. Everyone on the team has given so much to get to this point, and we are deeply encouraged by this recognition. We will never stop working to drive down the cost of getting to space.

After accepting one of the highest aerospace honors, Bezos basked in a different kind of honor: being a dad on Fathers Day.

He shifted his focus from the New Shepard rocket to the newly released Lego NASA Apollo Saturn V rocket and tweeted a picture of his completed, 1,969-piece model.

Bezos wasnt the only one to take a break from aerospace and take in the joys of fatherhood on Sunday. United Launch Alliances Tory Bruno commented Me too, in response to Bezos tweet about loving fatherhood.

SpaceXs billionaire founder, Elon Musk, had some fun as well.

Musk tweeted a selfie wearing a Star Wars-themed shirt that read, I Am Your Father. Musk has five sons twins and triplets.

He also showed off a Fathers Day present from his family a brand-new iPhone case with his initials, complete with phone charm bling.

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Jeff Bezos accepts top aerospace award and Father's Day pancakes in one weekend - GeekWire

Aerospace companies find engineers at Nebraska race car … – Lincoln Journal Star

Over the past decade, entrepreneurial space companies in Southern California have set their sights on such goals as launching small satellites, carrying space tourists and colonizing Mars.

As they hire young engineers, those companies and more-traditional aerospace giants are finding talent in an unlikely place: a college race-car competition in Nebraska.

This week, 100 university teams will bring their prototype race cars to the Formula SAE (Society of Automotive Engineers) competition in Lincoln, where they will be judged on design, manufacturing, performance and business logic.

The aerospace leaders who help judge the contest that starts Wednesday say its also an opportunity to hear students explain design and production decisions, present their business cases and adapt on the fly.

Race cars and rockets are pretty similar, said Bill Riley, a Formula SAE alumnus from Cornell and competition judge who is now a senior director of design reliability and vehicle analysis at SpaceX. Its lightweight, efficient, elegant engineering. Those basic principles are the same, no matter what youre designing.

SpaceX has had fantastic success recruiting new hires and interns from Formula SAE teams, and from sister competition Baja SAE, which focuses on building an off-road vehicle, and other hands-on engineering competitions, said Brian Bjelde, the Hawthorne, California, companys vice president of human resources.

Of the 700 students who intern at SpaceX each year, 50 or 60 come from Formula SAE. And as of three years ago, about 50 percent of the companys 300-person structures team had worked on some sort of project-based design team in college.

For any candidate, the ones that are most successful at SpaceX have a combination of passion, drive and talent, Bjelde said. And to me, (Formula SAE) plays into the passion piece.

Aaron Cassebeer experienced the highs and lows of competition firsthand 10 years ago as captain of a Lehigh University team that won several design awards at competitions. But when a hose came loose and spilled oil into the cars chassis, a few drips landed on the track and the Lehigh team was disqualified.

It ended well for Cassebeer, though. His work with light, composite materials eventually impressed Scaled Composites, a cutting-edge Mojave, California, aerospace firm. That led to a nine-year career where, among other things, he designed flight controls for an early version of the space plane that Virgin Galactic aims to use to fly tourists to space.

The type of work I did happens to fit in really well with what Scaled Composites doesdesign and prototype, over and over again, Cassebeer said.

The basis of the Formula SAE competition is that a fictional manufacturing company contracts teams to build a prototype race car that is low-cost, high-performance, easy to maintain and reliable.

Industry judges question students on the design process, scrutinize their cost sheets and inspect the vehicles to make sure they are technically sound. The internal combustion engine car competition is the most popular, though an electric vehicle contest was added in 2013.

Race cars that pass technical inspections get the green light to hit the course at the LNK Enterprise Park for performance trials, testing things such as maneuverability, acceleration and endurance.

During the endurance test, two people drive the car around a course marked by traffic cones for a little more than 13 miles, which can take about half an hour and involves a driver switch. Many teams have a hard time finding a large, open space for testing, meaning the endurance test could be one of the few times the car runs that long without breaks.

The great thing about (Formula SAE) is its a full production cycle, said Dolly Singh, SpaceXs former head of talent acquisition who is now chief executive of high-heel designer Thesis Couture. These kids build the car from scratch. They have to test in a high-pressure situation and see how it performs.

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Aerospace companies find engineers at Nebraska race car ... - Lincoln Journal Star

Airbus helping to build aerospace futures in Alabama – Made In Alabama

Our initial cadre was mostly not from this region. We needed to have a more experienced workforce than the folks who were in the region allowed us to have, said David Trent, site director of the facility.

However, that quickly changed. Over the past five years or so, weve been able to hire almost exclusively from the region, or hire folks who are originally from the region coming back home, he said.

The facility, which recently celebrated a decade of operation in Mobile, has a low attrition rate, he added.

We know if we give our employees good work to do and a good place to do it, they seem to be quite loyal, he said.

GENERATIONAL APPROACH

In addition to supporting Airbus global operations and regularly interacting with colleagues in France and Germany, the facilitys employees volunteer their time and share their expertise at a nearby elementary school, middle school and high school.

Weve really taken a generational approach to transforming a community and its capabilities in engineering, avionics and aviation technology, Trent said. Weve adopted these schools, and a lot of our employees are very much engaged in these activities.

I think thats something that keeps them here as well. It really resonates with them.

At the elementary level, Airbus employees are involved in a Reading Buddies program with students. And at the middle school, the focus is on the Airbus Flying Challenge, a STEM and citizenship-mentoring program that rewards participating students with a flight on a single engine airplane.

The message is, when you stay in school, get good grades and stick with it, you have good options in life, Trent said.

At the high school, employees mentor students and help them with classroom presentations. Theyre also involved in other programs where students take special courses that will put them on an engineering or technician career track.

Airbus is involved in supporting scholarships and internship programs at the University of South Alabama, too.

Weve got a lot of activity on the education front because of the fact that if were going to need an engineer in 10 years, they need to be starting now, Trent said. If we dont take a generational view, were not going to be as strong as we need to be going forward.

In addition, Airbus teamed with the state to plan the Alabama Aviation Education Center, a planned $6.5 million facility in Mobile that aims to encourage young people to pursue careers in aerospace.

AEROSPACE ENGINEERS

Alabama is a popular place for aerospace engineers, according to federal employment data.

The state ranks in the Top 5 among U.S. states for the highest employment in the occupation, with nearly 4,500, according to a survey by the Bureau of Labor Statistics.California tops the survey, with aerospace engineer employment of 10,800.

The data is available for about 35 states and does not include Washington, a key hub of the aerospace industry and home base of Boeing Co. However, the numbers still indicate Alabama as a major player in the industry.

The vast majority of Alabamas aerospace engineers are employed in the Huntsville area, longtime home of operations for NASA, the U.S. Army and Boeing, as well as suppliers and support firms.

But the BLS data also shows a significant presence of aerospace engineers in Mobile, home to Airbus, and Southeast Alabama, which is dotted with facilities for Lockheed Martin, Sikorsky, Arista Aviation, Vector Aerospace and Commercial Jet Inc.

The annual mean wage for aerospace engineers in Alabama is $115,550.

Greg Canfield, secretary of the Alabama Department of Commerce, said Airbus and the state have a far-reaching partnership.

Alabama workers are delivering high-quality products and services for Airbus global operations, carrying on the states long and proud tradition in the aerospace industry, he said.

At the same time, the company and its local employees are making a profound difference in the lives of students here at home by showing them new worlds of opportunities and helping them achieve ambitious goals.

GLOBAL CONNECTIONS

When the Airbus Engineering Center opened in 2007, 35 people were working there, focused on cabin and cargo components and systems for the new A350 XWB aircraft.

Today, employees are still in the cabin and cargo business, but have expanded their focus to the A330, A320 and A380 aircraft as well.

Mornings at the facility are busy as the Mobile staff is typically coordinating with their colleagues in France and Germany, Trent said.

It really does create an exciting atmosphere for our engineers, he said. We get to touch and do things you dont get to do in a company unless its global and we get to meet people from around the world as we all work on a really great product.

Beyond the advantages they find on the job, the people working at the Airbus Engineering Center enjoy the advantages of living in Alabamas Port City, Trent said.

What weve experienced is, when people come here, they really tend to put down some roots, he said. Outside of work, they have a good quality of life, and they live in a community thats growing, a community that cares about Airbus.

And we care about them. And we try to provide cooperative opportunities for them to be involved in growing the community to what it can become.

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Airbus helping to build aerospace futures in Alabama - Made In Alabama

Gov. Bevin leaves for Paris to promote aerospace in KY – WKYT

Frankfort, Ky. (WKYT)- Gov. Matt Bevin is heading to the worlds largest aerospace event in Paris to discuss business and expansion opportunities for Kentucky.

This comes after Kentucky announced a $1.3 billion dollar investment by aerospace-related companies for multiple projects in the state. One project would include the nations first aluminum rolling mill which is expected to open in 2020 with 600 jobs.

During his time in Paris, the governor is expected to meet with world leaders in aerospace engineering to discuss their opportunities bringing their manufacturing to Kentucky.

"Kentucky is a top location in the U.S. for aviation and aerospace engineering, manufacturing and R&D. We offer formidable advanced-manufacturing resources and experience, plus workforce programs that set the bar nationally, logistics hubs that deliver products nearly anywhere globally overnight, and a network of available sites and buildings in attractive communities," Gov. Bevin said. "Meetings we have scheduled with corporate executives during the Paris Air Show will give us the opportunity to demonstrate how Kentucky meets their needs and provides the environment for long-term success."

Aerospace products already sit as Kentucky's top export with more than $10.8 billion dollars shipped abroad for the bluegrass state in 2016.

This year's Paris Air Show will include more than 2,300 exhibitors with more than 130 aircraft scheduled to be on display.

In 2015, the air show shattered its previous attendance records with more than 350,000 visitors.

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Gov. Bevin leaves for Paris to promote aerospace in KY - WKYT