BOULDER, Colo. The University of Colorado Board of Regents has approved plans to build a new $82.5 million aerospace engineering building on the CU Boulder campus.

The 139,000-square-foot facility will offer a state-of-the-art learning environment for students in the Ann and H.J. Smead Department of Aerospace Engineering Sciences.

In addition to a 200-seat auditorium, offices and other classroom space, the new building will include an indoor flight environment for testing unmanned craft and it will be built with a roof design that allows for the sight lines needed to track satellites in orbit.

The building will be located along Discovery Drive, between the existing Sustainability, Energy and Environment Complex and the Laboratory for Atmospheric and Space Physics Space Science Building on CU Boulders East Campus.

CU Boulders aerospace program has seen a lot of growth in recent years enrollment grew from 647 students in the fall of 2011 to 946 in fall 2016 and this new building will help the university keep its momentum going.

This is a watershed moment, not just for CU aerospace, but for our entire college, the university and the state of Colorado, said Bobby Braun, dean of engineering. CU Boulder is already recognized as a national leader in aerospace, and this state-of-the-art facility will take us to the next level. This facility will be a beacon of innovation for the students, researchers and industries of the future.

Fundraising for the building is already underway and a $15 million gift earlier this year puts the university well on its way toward its goal.

Construction on the new facility is expected to begin in the fall, with an anticipated completion date in July 2019.

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CU Boulder to build new $82.5 million aerospace building on campus - The Denver Channel

PARIS Alphabet Inc. Chairman Eric Schmidt on Friday called on the aerospace industry and its regulators to embrace advanced software systems to shed big costs and reduce development time for new equipment.

"When I think about aviation I think of a proud industry that doesn't use software very much," said Mr. Schmidt, who is also a pilot. The software backbone currently used is largely old, he said, adding "there is an opportunityto actually accelerate change by virtue of the use of software."

Revamping how flights are routed in the U.S. and Europe should be one of the first targets for using advanced software systems, Mr. Schmidt said at the Paris Air Forum. "Improvements in air-traffic control will yield very, very big improvements in airplane efficiency and climate-change carbon emissions," he said.

The Trump administration last month launched a controversial plan to transform the federal air-traffic control system into an independent, nongovernmental organization that is opposed by some lawmakers and aviation groups.

Mr. Schmidt said he had discussed possible improvements to the U.S. air-traffic system with the Obama administration, but not yet with the new government.

Tom Enders, chief executive of Airbus SE, the world's No. 2 plane maker behind Boeing Co., said the company's studies have shown that 10% of airline fuel burn in Europe alone could be saved if air space was revamped. He expressed hope the political will that has lacked to push through those changes in Europe could regain momentum with the recent election of French President Emmanuel Macron, who ran on a reformist platform.

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Mr. Schmidt said Alphabet is looking to be a technology supplier to the aerospace industry on several fronts. Alphabet and Airbus recently began working together to help analyze satellite pictures. Alphabet also has developed a searching mechanism to find air fares.

The Alphabet chairman also suggested advanced algorithms could help boost self-flying cars and improved drones. The technology that allows computers now to have better vision than humans, which underpins the push for self-driving cars, could eventually have aerospace applications, he said.

Mr. Schmidt also criticized the aerospace sector for failing to move quickly. "The aviation industry as a whole has product cycles that are getting longer and longer and longer. That is especially true of the military," he said. "An enormous amount of citizens' money is wasted."

He said companies should embrace an approach of repeatedly trying and improving designs.

It is a sentiment echoed by Mr. Enders, who has been pushing Airbus to embrace tech-sector approaches. "That can bring huge efficiency gains," he said, cutting development and manufacturing times, yielding and promising multi-billion dollars savings on big new development programs.

-Write to Robert Wall at Robert.Wall@wsj.com

(END) Dow Jones Newswires

June 16, 2017 09:00 ET (13:00 GMT)

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Alphabet Chairman Urges Aerospace Industry to Revamp Air-Traffic and Plane Development Systems - Fox Business

The Paris Air Show is the aerospace industry's headline event of the year and serves as a venue for Boeing (BA) and Airbus (EADSY) to announce aircraft deals with carriers from around the world as well as a showcase for military aircraft from giants like F-35A Joint Strike Fighter maker Lockheed Martin (LMT).

General Electric (GE) and United Technologies (UTX) also get a chance to shop around their jet engines.

The Paris Air Show happens once every two years, alternating with the Farnborough Airshow in the U.K.

Bookmark this page to trackthe latest defense deals, airline orders and other aerospace news from thethis year's show, which runs from Jun. 19-25.

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Paris Air Show 2017: Latest Defense And Aerospace News And Deals - Investor's Business Daily

CU Boulder is set to begin construction this fall of a new 139,000-square-foot aerospace engineering building that will help the College of Engineering and Applied Science enhance its reputation as a national leader in aerospace education and research.

Capital construction approvals

In addition to the new aerospace engineering building, the CU Board of Regents on Thursday approved six other capital construction projects on the CU Boulder campus:

Approval by the Board of Regents on Thursday paved the way for the long-awaited $82.5 million project, which was first conceived in 2008at that point as an addition to the current Engineering Center on Main Campus.

The new building is slated for completion by July 2019, in time for the Ann and H.J. Smead Department of Aerospace Engineering Sciences to move into its new East Campus home for the fall 2019 semester.

This is a watershed moment, not just for CU aerospace, but for our entire college, the university and the state of Colorado, said Bobby Braun, dean of engineering. CU Boulder is already recognized as a national leader in aerospace, and this state-of-the-art facility will take us to the next level.

In addition to providing world-class learning spaces, the new building will group together aerospace engineerings six main research clusters in a way that facilitates greater collaboration between students and faculty. Among its features will be an indoor flight environment for testing unmanned aerial systems, as well as a unique roof design that accommodates faculty research and provides the lines of sight necessary for activities like satellite tracking.

This facility will be a beacon of innovation for the students, researchers and industries of the future, Braun added.

The facility will help accommodate the rapid growth experienced by the aerospace program in recent years. Combined undergraduate and graduate enrollment grew from 647 in fall 2011 to 946 in fall 2016. The rest of the College of Engineering and Applied Science will also benefit thanks to the collaborative spaces and interdisciplinary endeavors that the building will foster between aerospace, mechanical and electrical engineers, as well as the colleges mathematicians and computer scientists.

The college is already well on its way toward achieving its capital campaign fundraising goal for the project, thanks in part to a generous gift earlier this year from Ann Smead and Michael Byram as well as a sponsorship by industry partner Lockheed Martin.

The new building will be located along Discovery Drive between the Sustainability, Energy and Environment Complex (SEEC) and the Laboratory for Atmospheric and Space Physics (LASP) Space Science Building. The site is also just a short walk from the Center for Astrophysics and Space Astronomy and LASPs Space Technology Building, helping to create a synergistic hub of space-related programming on East Campus.

This new building shows our states commitment to growing its aerospace industry in a serious way, said Penina Axelrad, chair of the aerospace engineering sciences department. Colorado already has the nations second-largest aerospace economy, and this flagship facility will strengthen CUs status as a major hub for innovation in this industry.

The departments new home will include a 200-seat auditorium, distance-learning-equipped classrooms, faculty offices and spaces for graduate students. It will also include space modeled after the Integrated Teaching and Learning Laboratory, an award-winning hands-on learning environment at the Engineering Center that has proven crucial to student success.

The state-of-the-art innovation facility comes at a critical juncture for this nationally-recognized aerospace research hub, program namesake Ann Smead said in CU engineerings blog.

With approval by the CU Boulder Design Review Board already in hand, architects are now wrapping up final drawings. Bids from potential general contractors are expected to be returned in mid-September, with groundbreaking anticipated for November.

The College of Engineering and Applied Science advancement team continues to work with prospective philanthropists and industry partners who have expressed interest in helping fund the world-class people and programs to be housed in the new aerospace building. These supporters illustrate a commitment to continued momentum in sustaining a top aerospace engineering program that drives innovation and produces the next generation of space and aeronautics leaders.

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New flagship aerospace facility approved by CU regents - CU Boulder Today

PARIS, June 15 Shareholders in Safran on Thursday backed resolutions that will free the French aero engine maker to pursue an agreed takeover of parts maker Zodiac .

The planned merger would create the world's third-largest aerospace supplier after U.S companies United Technologies and General Electric.

Thursday's Safran shareholder vote was a key demand of UK hedge fund TCI, which had waged an intense campaign to block the deal, or at least reshape it.

In May, Zodiac accepted a 15 percent cut in Safran's $9 billion offer after Zodiac profit warnings.

Safran's original $9 billion offer was weakened by conflicting movements in share prices and a deteriorating industrial performance at Zodiac, though on Wednesday Zodiac eased concerns by reiterating financial targets.

Shareholders in Safran had been asked to vote in favour of two mechanisms that will enable the company to issue new preference shares that would then be convertible in ordinary shares after three years.

Safran says it is confident of resolving Zodiac's industrial problems after visiting its plants, including a British factory blamed for the latest profit downgrade in April.

Safran is offering 25 euros per Zodiac share in cash, down from 29.47 euros previously, or an alternative of preferred shares up to a total of 31.4 percent of the $7.7 billion deal.

Zodiac Aerospace shares closed up 0.9 percent at 23.92 euros. Safran eased 0.2 percent to 77.86 euros. (Reporting by Cyril Altmeyer; Writing by Matthias Blamont. Editing by Jane Merriman)

The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

* 58.com - Guazi.Com, co's unit that operates a consumer-to-consumer (C2C) used car trading platform, announced over us$400 million in series B financing Source text for Eikon: Further company coverage:

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Safran shareholders approve plan to buy Zodiac Aerospace - Reuters

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The Unknown Startups Fueling Aerospace With Fancy Tech - WIRED

Editors note: Part 1 discusses industrial air quality in the aerospace industry. Part 2 in the July 2017 issue will discuss solutions to air quality challenges.

While nearly all manufacturing industries have air quality concerns, the materials and processes used in aerospace present special challenges. From engine rework to extrusion of aluminum support components, each aerospace manufacturing process has its own set of indoor air quality (IAQ) challenges. If particulates generated by welding, blasting, grinding, or machining are not controlled, they will quickly cause problems for worker health and safety, product quality, and in some cases, regulatory compliance.

Aerospace manufacturing companies must comply with Occupational Safety and Health Administration (OSHA) regulations (or applicable regional/local regulations if outside the U.S.) for indoor air quality. Regulations set maximum permissible exposure limits (PELs) for certain compounds and elements released into the air during manufacturing. Exceeding PELs can subject companies to large fines.

However, the costs of poor air quality go beyond regulations. Failure to control fumes and particulates negatively impacts companies in a variety of ways. including:

Worker productivity Poor IAQ has been estimated to cause six additional lost workdays per year for every 10 employees. OSHA estimates that worker absences and reduced efficiency from poor air quality cost companies $15 billion annually.

Retention and recruiting In a recent survey commissioned by Advanced Technology Services (ATS), 39% of aerospace companies reported that skilled labor shortages are having an extreme impact on their businesses. For manufacturing as a whole, The Manufacturing Institute and Deloitte anticipate a shortage of 2 million skilled workers by 2025. For younger workers, the work environment matters, and that includes air quality. Aerospace companies competing to recruit welders and other skilled tradespeople will find that a clean, pleasant environment will pay dividends through lower turnover and more successful recruiting efforts for in-demand workers.

Product quality Uncontrolled particulates can product quality problems if they permeate sensitive areas such as paint lines or infiltrate electronic components.

Combustion risks Many of the dust types produced by the aerospace industry are highly combustible, including aluminum, titanium, and magnesium. These dusts have Kst ratings (a measure of combustibility) 10x larger than wood dust, making them extremely dangerous if allowed to accumulate in the air.

Of course, the most serious problem faced by companies with uncontrolled fumes and dust are the risks to worker health and safety.

Different processes produce different kinds and levels of particulates, giving each process its own exposure risk profile.

Welding Manual and robotic welding are used in the manufacture of aerospace parts, and the characteristics of fumes generated by the welding process can vary widely. The toxicity and the total volume of fumes generated depend on three variables:

Weld fumes can contain toxic elements and compounds, such as nickel, copper, vanadium, molybdenum, zinc, and beryllium. These fumes are made up of tiny particles that are inhaled deeply into the lungs, where they have both immediate and long-term impacts on worker health. Acute effects of exposure to weld fumes can include shortness of breath and respiratory irritation; eye, nose or throat irritation; or nausea. Long-term exposure to hexavalent chromium (hex chrome), manganese, and other elements can lead to chronic or deadly exposure effects.

Machining Metal processing often requires lubricants, which create fine oil mists that can be invisible. As the mists settle on surfaces, they can create slip and fall hazards for personnel, and have health impacts when inhaled. Depending on the size of the particulates and the chemistry of the lubricant, extended exposure may lead to asthma, chronic bronchitis, chronically impaired lung function, fibrosis of the lung, and cancer.

Cutting and grinding Larger particulates from cutting and grinding dont make their way as deeply into the lungs as the fumed particulates from welding, but the large volume of dust produced by these applications presents special health hazards. Fiberglass, metal, glass, plastics, and epoxy resins can all cause respiratory irritation. Some materials are also carcinogenic when inhaled. Newer materials used in the aerospace industry, including carbon fiber and composites, are associated with skin and respiratory irritation, contact dermatitis, and chronic interstitial lung disease. High-tech nanofiber materials present special risks when cutting and grinding due to the small size of the nanoparticles that have the potential to make their way deep into the lungs and cross into the bloodstream. The health impacts of inhaling nanoparticles are not yet fully understood.

Blasting One air quality hazard unique to the aerospace industry comes from the blasting processes used to clean and refurbish engine parts to meet Federal Aviation Administration (FAA) regulations. The blasting process used to clean accumulated debris off engine components commonly uses hazardous materials such as aluminum oxide. In addition to being a combustion hazard, aluminum oxide exposure is linked to eye, nose, throat, and lung irritation and central nervous system effects. Materials may contain silica, which is implicated in lung cancer, chronic bronchitis, and kidney damage. OSHA recently cut PELs for respirable crystalline silica in half, and companies using silica-based abrasives must comply with the new regulations by June 2018.

Fortunately, there are steps that you can take to ensure that a facility not only meets minimum regulatory requirements but is prepared for any changes that may come in the future. Meeting current OSHA PELs is a necessary start, and many aerospace companies are moving toward stricter internal standards for IAQ to meet productivity and sustainability goals. The American Conference of Governmental Industrial Hygienists (ACGIH) has developed voluntary exposure guidelines based on rigorous science, which are rapidly becoming internationally recognized best practice for the manufacturing industry.

A well-designed air quality system can protect companies from legal liability and government fines while improving worker health, satisfaction, and productivity. A qualified air quality system designer can help aerospace companies find solutions that balance costs, regulations, and goals. Well take a closer look at the mitigation options in our next IAQ article.

RoboVent

http://www.robovent.com

About the author: Gordon Diener is an application specialist for RoboVent, a provider of ventilation and filtration systems for manufacturing facilities. Diener can be reached at 402.616.3574 or gordon.diener@robovent.com.

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Aerospace industry's clean air problem - Aerospace Manufacturing and Design (press release)

WASHINGTON Airstar Aerospace will make its first appearance at the Paris Air Show, debuting its rarely seen tethered surveillance balloon, the Eagle Owl, according to a company announcement.

The France-based company is an industry leader in the design and production of stratospheric balloons, tethered balloons, electric airships and thermal insulation for satellites.

The Eagle Owl is predicted to be a highlight in the 2017 show, showcasing efficient day and night surveillance via optical devices and sensors, target zoom, tracking, and GPS coordinate pointing. The version Airstar Aerospace will deploy this year has never beenpubliclyseen.

Airstar Aerospace will also be announcing a major partnership with a world aerospace industry leader.

The fact that Airstar Aerospace is now exhibiting at the Paris Air Show is a strong message sent to the aerospace and aeronautical industries, Chabert said. People will find in Airstar Aerospace a unique partner, a manufacturer of complex woven fabrics and highly technical tailored films dedicated to the defence, research, telecoms and transport industries.

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Airstar Aerospace debuts at the Paris Air Show - DefenseNews.com

MONTREAL Honeywell International Inc's (HON.N) aerospace business, under review as part of a spinoff proposal, has performed well and benefited from heavy investment from the U.S. technology and manufacturing company, Executive Chairman David Cote said on Monday.

Honeywell said in May it would decide by this fall whether to separate the business, its biggest with $14.75 billion in 2016 sales, which makes auxiliary power units and engines for aircraft.

"The business has actually performed pretty well," said Cote in an interview on the sidelines of the International Economic Forum of the Americas in Montreal.

"And if you take a look at margin improvement and you take a look at the wins that we've had over a long period of time since 2013. We've invested very heavily in that business."

Hedge fund investor Third Point LLC has argued in favor of the spinoff, which it said could create more than $20 billion in shareholder value.

Cote said Honeywell Chief Executive Darius Adamczyk was reviewing the unit with the company's board and discussions would be held with investors at some point.

"I can promise you that whatever Darius does, it's going to be consistent with 'how do you keep growing that overall return for our shareholders,'" he said.

Cote, Honeywell's former CEO, also said that while he would have preferred that the United States not leave the 2015 global Paris agreement to fight climate change, he did not believe the move was "catastrophic."

While the decision would erode the ability of the United States to influence other countries, it will not stop America from achieving its own emissions reductions goals, in part because of the conversion from coal to natural gas use for power generation, he said.

Cote also said he believed it was worth modernizing and updating the North American Free Trade Agreement to include technological developments.

"Twenty years ago when they were negotiating NAFTA the whole idea of cyber was not all that big a deal," he said. "It's very different today."

(Reporting By Allison Lampert; Editing by Phil Berlowitz and Richard Chang)

SEATTLE General Electric Co said on Wednesday it will combine its power and energy distribution businesses to create its largest unit by revenue as the top executive at GE Power announced his retirement after failing to win the conglomerate's CEO job.

Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.

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Honeywell aerospace unit under review for spinoff has fared well: chairman - Reuters

With global aerospace worth $ 100 billion, the potential for the Indian aerospace industry is only expanding year on year. The numbers speak for themselves. The ninth largest civil aviation market in the world has witnessed 40 percent growth in passenger traffic in the past two years and the demand for commercial aircraft exists & is ever increasing. The industry is defined by its enthusiasm and demand for very high levels of technology, dragging project life cycles and high costs. Hence, India was following the perfectionist import substitution route, where the country met its demand with partnerships with imported original equipment manufacturers (OEMs) for licensed-production of aircraft. The Make in India initiative launched by Prime Minister Narendra Modi, in September 2014 as part of a wider set of nation-building initiatives, has paved way for airframe manufacturers to increasingly use aerospace suppliers in the country. This path-breaking movement has given India great advantages on the global aerospace industry scenario. The intention is to accelerate the investments in acquisitions and infrastructure, creating a voice among the worldwide aerospace players. However for now, the momentum seems a little slow but steady. In October 2015, the Department Industrial Policy and Promotion (DIPP) proposed to raise the FDI cap to 74 per cent allowing to manufacture defence products by private players. This initiative aims for a certain percentage of the aircraft to be produced in India. This has encouraged a lot of Indian companies to enter into joint ventures with foreign companies to launch defence subsidiaries in the country, giving them a significant role in the industry. Although the overall industry momentum is constrained, the efforts put in the defence products manufacturing is on a steady growth path, with the new government policy. India has the highest domestic air traffic among all countries, with a significant increase of 23 per cent in January 2015, according to the International Air Transport Associations (IATA) monthly air traffic report. By 2034, IATA projects India will account for 367 million air travellers. This increases the demand in the industry, thus benefiting the aerospace manufacturers in India. India primarily has to concentrate on the improvisation of the Air Traffic Management (ATM), a ground level infrastructure modernisation, for a clutter-free growth in the industry. With the support of government policy and initiatives, the manufacturing sector has boomed, with many Indian companies becoming transnational. The sector has seen the adoption of best practices and maintains international standards in quality. India must also address the need to go beyond being merely a soft power in this space, by developing more facilities that provide an end-to-end aerospace solution. This can only happen when there is cross pollination of knowledge and technologies from more advanced nations. Currently, Indias share of the global aerospace industry is only $ 250 million, but according to a joint report by IESA, Nasscom and Roland Berger, the total market opportunity for aerospace and defence (A&D) market in India will reach $70 billion by 2029. India is the seventh largest A&D market globally but with the current scenario, one can expect a lot more from the country. The demand for aerospace manufacturers is so high that competition is more than welcome. An aircraft may easily have more than 3 million parts and it is impossible to expect one or few companies to take on the challenge. The Indian aerospace industry is closer to catapulting itself into the global arena, with the support from the governments new policies, setting the industry on to a firm path to transformational change. With a steady growth in this path, there are positive signs for the Indian aerospace industry to emerge as a major factor in the countrys increasing self-reliance.

___________________________________________________________________________________________________

Aravind Melligeri

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Can India emerge as a major contender for aerospace manufacturing? - Business Standard

One sector that has been on fire since the election last November has been defense and aerospace, and with good reason. The president has made it clear that improving the nations defense capability and upgrading the armed forces is a huge priority. Toss in some billion dollar deals with Arab countries recently, and the future continues to look bright.

One area of concern is the elevated stock prices, and in a new report, while JPMorgan remains positive overall, only six companies in the firms research universe are rated Overweight. We screened those stocks for the ones with double-digit upside potential to the analysts price target and found four that look solid.

This top defense sector play is way cheaper than peers and could be an outstanding buy at current levels. Harris Corp. (NYSE: HRS) provides technology-based solutions that solve government and commercial customers mission-critical challenges.

The company designs, develops and manufactures a line of secure radio communications products and systems for manpack, handheld, vehicular, airborne, strategic fixed-site and shipboard installations that span the communications architecture from high-capacity line of site, backbone radios, small soldier personal radios and tablet computers, as well as offers assured communications systems and equipment, including Internet Protocol based voice and data communications systems.

Shareholders are paid a 1.95% dividend. The JPMorgan price objective for the stock is $120, and the Wall Street consensus target is $121.90. The shares closed most recently at $109.31.

This is one of the companies that many analysts like into the second-quarter earnings.L3 Communications Holdings Inc. (NYSE: LLL) provides aerospace systems and a range of communication and electronic systems and products used on military and commercial platforms in the United States and internationally.

The company operates in three segments: Electronic Systems, Aerospace Systems and Communication Systems. It offers a range of products and services, including components, products, subsystems and systems, as well as related services to military and commercial customers in business areas, including precision engagement and training, power and propulsion systems, aviation products and security systems, sensor systems, warrior systems, and optics, telescopes and precision optical subsystems.

Investors are paid a 1.8% dividend. JPMorgan has a $190 price objective, while the consensus target price is $184.40. The shares closed on Tuesday at $167.69.

The JPMorgan team sees this stock as one of the only pure plays on defense electronics. Mercury Systems Inc. (NASDAQ: MRCY) provides secure processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35 and Reaper.

The company also designs, markets and licenses software and middleware environments under the MultiCore Plus name to accelerate development and execution of signal and image processing applications on a range of heterogeneous and multi-computing platforms.The analysts are looking for multiple expansion and see upside to current guidance and estimates.

The $48 JPMorgan price target compares with the consensus target of $44.86. Shares closed most recently at $38.04.

Top Wall Street analysts are positive on this top aerospace player and cite the recent closure of the B/E Aerospace deal as a catalyst. Rockwell Collins Inc. (NYSE: COL) is a leader in providing design, production, integration and support of communications and aviation electronics for military and commercial customers worldwide.The companys products include avionics suites for business and commercial aircraft, radios, GPS navigation and IFE systems.

Rockwell Collins paid a total of $8.6 billion to buy B/E Aerospace in a deal that unites two of the biggest suppliers to airliner and plane makers. The arbitrage accounts that were long B/E and short Rockwell should have taken those positions off, giving Rockwell solid upside potential.

Shareholders are paid a 1.26% dividend. The JPMorgan price target is $125. The posted consensus target is $116.69. The stock closed Monday at $105.94.

With the pledge to rebuild the military and global sales remaining strong, the sector remains a solid space to stay weighted in. All four of these companies could take-off on continued good earnings, and the added catalysts may be additional fuel for the fire.

By Lee Jackson

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JPMorgan Has 4 Aerospace and Defense Stocks to Buy for Big Upside - 24/7 Wall St.

Honeywell International Inc. shareholders are resisting calls by activist investor Third Point that the company spin off its aerospace unit, fearing they would lose out on the fruits of recent investments, Executive Chairman David Cote said.

The industrial giants development of aircraft broadband internet service for travelers and providing real-time data on component performance is hitting the market this year. The aerospace unit, which also makes cockpit controls and jet engines for private planes, has been a drag on earnings amid a weak market for helicopters and business jets, and as budget cuts hurt defense sales.

Photographer: Christopher Goodney/Bloomberg

Aerospace is a very long cycle business, Cote said Monday in an interview with Bloomberg Television Canada at the Conference of Montreal. You invest today to help you over the next 20 or 30 years. Even the development cycle is in the five- to six-year range.

Third Point,the investment firm founded by Dan Loeb, said in an April letter to investors that carving out aerospace would increase shareholder value by more than $20 billion and allow the Morris Plains, New Jersey-based company to focus on its automation and productivity businesses. Sales at Honeywell Aerospace fell 3.2 percent last year to $14.8 billion, while the segments profit dropped 7.1 percent to $2.99 billion.

Cote said some investors have told him they wouldnt be able to keep their shares if the unit is spun off.

That is a big part of what were getting on investor reaction. Gee, I helped you invest all this money. Now youre going to split this off. Based on my ownership charter, Im not going to be able to own that company anymore, he said. Cote didnt name the investors.

Honeywell CEO Darius Adamczyk, who took over March 31, is continuing to review the portfolio -- a process that will result in announcements in the fall, Cote said.

Darius and the board have been on an extensive process that actually predated Third Point, the former CEO said. I dont think people should expect that its going to be this business, this business, this business -- but rather more like general principles.

Honeywell is pressing ahead with investments in countries including China even as its economic expansion slows, Cote said.

China has grown at 6 to 7 percent a year for a long time. It looks maybe not that great in the future, but even at 5 percent its a pretty good place to be, he said.

He predicted that the U.S. economy will continue to expand near-term.

Its still continuing along at that 2 percent range, so Im not that worried about a recession or something bad happening, he said. I actually think were OK for the next couple of years.

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Honeywell Shareholders Resist Calls for Aerospace Spinoff, Chairman Says - Bloomberg

WFIRST, the top priority of the most recent Decadal Survey in 2010, would bring the ability to capture individual images with the depth and quality of the Hubble Space Telescope, while covering 100 times the area. Among its scientific objectives, WFIRST will enable scientists to answer questions about how galaxies and groups of galaxies form, study the atmospheres and compositions of planets orbiting other stars, and address other general astrophysics questions.

NASA has launched a series of large space telescopes over nearly 30 years, including the Hubble Space Telescope, the Chandra X-ray Observatory, the Compton Gamma Ray Observatory and the Spitzer Space Telescope. Together, these four space telescopes are known as the Great Observatories. Each was recommended by a National Academy of Sciences' Decadal Survey for Astronomy and Astrophysics, and Ball played a crucial role in each of them. For example, Ball built seven science instruments for Hubble, and each of the five science instruments currently operating on the telescope were Ball designed and built. Ball also built the Corrective Optics Space Telescope Axial Replacement (COSTAR) that helped correct Hubble's hazy vision.

Ball worked with Northrop Grumman to design and build the advanced optical components and cryogenic electronics system for NASA's next Decadal mission, the James Webb Space Telescope, which is scheduled to launch in 2018.

Ball has been involved with each Decadal mission since the 1970s, and supports the upcoming 2020 Decadal study by contributing to the Large Mission Concept Studies.

Ball Aerospace pioneers discoveries that enable our customers to perform beyond expectation and protect what matters most. We create innovative space solutions, enable more accurate weather forecasts, drive insightful observations of our planet, deliver actionable data and intelligence, and ensure those who defend our freedom go forward bravely and return home safely. For more information, visit http://www.ball.com/aerospace or connect with us on Facebook or Twitter.

Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 18,450 people worldwide and 2016 net sales were $9.1 billion. For more information, visit http://www.ball.com, or connect with us on Facebook or Twitter.

Forward-Looking Statements This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," "targets," "likely" and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and any of such statements should be read in conjunction with, and, qualified in their entirety by, the cautionary statements referenced below. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at http://www.sec.gov. Additional factors that might affect: a) our packaging segments include product demand fluctuations; availability/cost of raw materials; competitive packaging, pricing and substitution; changes in climate and weather; competitive activity; failure to achieve synergies, productivity improvements or cost reductions; mandatory deposit or other restrictive packaging laws; customer and supplier consolidation, power and supply chain influence; changes in major customer or supplier contracts or a loss of a major customer or supplier; political instability and sanctions; currency controls; and changes in foreign exchange or tax rates; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the company as a whole include those listed plus: changes in senior management; regulatory action or issues including tax, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; litigation; strikes; labor cost changes; rates of return on assets of the company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies both in the U.S. and in other countries, including the U.S. government elections, budget, sequestration and debt limit; reduced cash flow; ability to achieve cost-out initiatives and synergies; interest rates affecting our debt; and successful or unsuccessful acquisitions and divestitures, including with respect to the Rexam PLC acquisition and its integration, or the associated divestiture; the effect of the acquisition or the divestiture on our business relationships, operating results and business generally.

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Ball Aerospace Completes WFIRST Study for NASA - PR Newswire - PR Newswire (press release)

The global aerospace radome market is expected to reach an estimated $441.3 million by 2021 and it is forecast to grow at a CAGR of 3.6% by value from 2016 to 2021.

The future of the global aerospace radome market looks good with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft segments. The global aerospace radome market is expected to reach an estimated $441.3 million by 2021 and it is forecast to grow at a CAGR of 3.6% by value from 2016 to 2021.

The major drivers of growth for this market are increase in aircraft delivery and introduction of new aircraft programs.The future of the global aerospace radome market looks good with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft segments. The major drivers of growth for this market are increase in aircraft delivery and introduction of new aircraft programs.

In this market, major segments include commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. On the basis of its comprehensive research, Lucintel forecast that the military aircraft radome segment is likely to experience the highest growth during the forecast period.

Within the aerospace radome market, nose radome is expected to remain the largest market by product type over the forecast period as all the type of aircraft has a nose radome.

For business expansion, this report suggests innovation and new product development to manufacture radomes that support K, Ka and Ku tri bands for better inflight entertainment and communication. The report further suggests development of partnerships with customers to create win-win situations and development of cost effective solutions for customers.

Report Scope

Some of the features and scope of this report include the following:

- Market size estimates: Growth opportunities in the global aerospace radome market in terms of value ($ Mil) and volume (units) shipment - Trend and forecast analysis: Global aerospace radome market trend (2010-2015) and forecast (2016-2021) by region and segment - Segmentation analysis: Global aerospace radome market size from 2010 to 2021 by aircraft type, product type, and by material type as follows:

Global aerospace radome market size by aircraft type:

- Commercial Aircraft - Regional Aircraft - General Aviation - Helicopter - Military Aircraft

Global aerospace radome market size by product type:

- Nose Radome - Other Radome

Global aerospace radome market size by material type:

- Quartz - Glass Fibre - Resin - Other

Key Topics Covered:

1. Executive Summary

2. Aerospace Radome Market Background and Classifications

3. Market Analysis

4. Competitor Analysis

5. Growth Opportunities and Strategic Analysis

6. Company Profiles of Leading Players

- Airbus - General Dynamics - Jenoptik - Kaman Corporation - Kitsap Composites - Meggitt - Nordam - Orbital ATK - Saint-Gobain - Starwin Industries

For more information about this report visit http://www.researchandmarkets.com/research/wm27q3/growth

Media Contact:

Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

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Growth Opportunities in the Global Aerospace Radome Market ... - PR Newswire (press release)

By Peter TonguetteFor The Columbus Dispatch

Artist Allan Sekula found his earliest inspiration close to home.

A Pennsylvania native who grew up in California, Sekula who died in 2013 at age 62 launched his professional career with the mixed-media work Aerospace Folktales.

Using 142 photographs combined with audio and text elements, the ambitious piece chronicles the trials and tribulations experienced by Sekulas family especially his father, Ignace, and his mother, Evelyn in the early 1970s.

The work was created in the wake of Ignace losing his job as an aerospace engineer in the Burbank plant of the Lockheed Corp. (now Lockheed Martin).

It serves as the centerpiece of a larger exhibit of Sekula's art "Allan Sekula: Aerospace Folktales and Other Stories" on view through July 2 at the Columbus Museum of Art.

According to curator Drew Sawyer, Sekula (who from 1980 to 1985 taught at Ohio State University) referred to the work as a disassembled movie.

Cinema and film were important throughout his practice, Sawyer said.

The piece might also be said to resemble a dismantled flip book: Running horizontally across the four walls of a museum gallery is a thin strip of photographs, positioned at eye level. Like frame enlargements from a movie, a particular scene or activity is frequently depicted throughout the course of several photographs seemingly taken moments apart.

For example, one set of images shows a group of enthusiastic workers (presumably employees of Lockheed) on their own and then mingling with military brass; another set depicts Ignace in profile, grimacing behind the wheel of a car.

The photographs present a powerful study in contrasts: Ignace was a member of a profession associated with flight and forward thinking, but his unemployment brought his family crashing to Earth.

By the time the work was completed in 1973, Sawyer said, His dad had been unemployed for quite some time, so you can see theyre now living in a small apartment in San Pedro.

Several photographs show Ignace and Evelyn standing in front of a row of garages in their apartment complex; another group prefaced by a title card reading, In the evening, the engineer would write letters and straighten the lamps show Ignace laboring at a small desk barely illuminated by inadequate lamps.

What is he writing? Job applications?

Echoes of Ignaces former life are found in photographs of model planes hanging from a ceiling and rows upon rows of books; in one image, the volume The Effects of Nuclear Weapons is posed beside editions of "Grimms Fairy Tales."

Playing continuously in the gallery are audio recordings of Sekula interviewing Ignace, Evelyn and a family friend; although focusing on their voices while scrutinizing the images is difficult, the audio ultimately enriches the piece.

It becomes deeply personal and very specific, Sawyer said. With the images, we might imagine what these individuals sound like and what they think, but with the audio we really get a chance to know what theyre actually thinking.

Several of Sekulas slide-show and video works are also included in the exhibit; the most striking is Untitled Slide Sequence (1972), in which 35-mm slides depict workers and management marching wearily out of an aerospace factory.

More superficial (and dated) is Reagan Tape, a video created in 1981 by Sekula and Noel Burch. Footage of Ronald Reagan as president is juxtaposed with innocuous examples of his work as an actor; even in the clips shown here, however, Reagan displays his lasting appeal as an actor presumably not what the creators had in mind.

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Family setbacks central focus of 'Aerospace Folktales' - The Columbus Dispatch

Better Capital, the turnaround investor led by venture capitalist Jon Moulton, has completed its disposal of Gardner Aerospace, which supplies the likes of Rolls-Royce and Airbus.

Ligeance Investments, a subsidiary of Chinese group Shaanxi Ligeance Mineral Resources (SLMR), agreed to buy Gardner Aerospace for an enterprise value of 326m in April 2017.

Better Capital's BECAP Fund acquired Gardner in 2010 after it failed to secure investment to fund ongoing losses. Under the firm's ownership, the components supplier has boosted turnover to 132m.

Richard Crowder, chairman of Better Capital, said: "On behalf of Better Capital, I would like to record my appreciation to all at Gardner for their contribution to this great success, and I wish Gardner and its new owner every success in its next phase of growth."

Gardner Aerospace is headquartered in Derby and has facilities in Hull, Basildon, Pershore in Worcestershire and Broughton in Flintshire. It also has sites in France, Poland and India.

SLMR is listed on the Shenzhen Stock Exchange. The acquisition will bolster its presence in Europe, as well as its offering in the aerospace and industrial gas turbine sectors.

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Better Capital completes 326m Gardner Aerospace sale - Insider Media

Photo Credit: Courtesy IAI

Israel Aerospace Industries (IAI) will provide the EHUD, ACMI system to the Israeli Air Force to be used by the corps training between combat aircraft and the Lavi training airplanes.

The IAF has ordered the air combat maneuvering instrumentation (ACMI) systems from IAIs MALAM division. MALAM is IAIs system house and the developer and manufacturer of the esteemed, long-standing EHUD training system. To date, more than 1,000 air combat maneuvering instrumentation systems have been shipped, as well as hundreds of debriefing systems.

EHUD is also the standard ACMI of NATO nations.

The EHUD will be mounted on the corps various combat aircraft as part of the training schedule until installation of fixed systems. In this way, the 4th generation combat aircraft will be able to undertake combat scenarios with the Lavi, which are already equipped with the EHUD communication system.

The use of the EHUD opens the door for shared live drills and debriefing with the Lavi airplanes based on the EHUD network, as is already being carried out by Italy and other countries. This is made possible thanks to IAIs capacity to perform Live, Virtual, Constructive drills (LVC) with the newest and most advanced generation of EHUD.

In addition to this application, IAI is providing on-demand training services, assigning training experts to run and oversee the debriefing systems in a range of the air force activities.

Jacob Galifat, General Manager of the IAI/MALAM Division, Missiles & Space Group, said in a statement: MALAM provides training services to the Air Force and supports multinational drills to allow our clients to experience the best, most modern training methods and make the most of every training sortie efficiently and accurately. Our technologies leverage the new, state-of-the-art capabilities of EHUD and allow us to provide network support for LVC formats. This is natural evolution of the long-standing EHUD system, which is deployed extensively across the globe.

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Israel Aerospace Industries Launch Simulated Air Battle Training bet. Lavi and Enemy Aircraft - The Jewish Press - JewishPress.com

Jason Ford, news editor

The Paris Air Show launches next week with business appearing to be brisk for UK companies supplying the aerospace sector.

Trade body ADS announced on 30 May, 2017 that the worldwide backlog of aircraft orders stands at over 13,300, which is the fifth highest level recorded. So far this year, companies have delivered 406 aircraft, which has an estimated value of 8bn to UK industry. Of this figure, 5.5bn is attributed to deliveries of 109 wide-body aircraft and 2.5bn to single-aisle aircraft.

More normally associated with Everett, north of Seattle in Washington State, Boeing today reiterated its contribution to the UK economy with figures that show a tripling of direct spending with UK suppliers to 2.1bn over the past six years. According to Boeing, this has helped to support around 16,500 jobs, which increased by 80 per cent over the same period.

Furthermore, the companys payroll includes 2,200 employees in the UK who are supporting local airline, military and security customers.

Boeing continues to find significant talent and supply chain capability, a strong market and world-class partners in the UK, said Sir Michael Arthur, president of Boeing Europe and managing director of Boeing UK and Ireland.

Earlier in the year The Engineer reported on Boeings plans to open its first manufacturing plant in Europe with a facility in Sheffield that will produce trailing-edge actuation systems for Next-Generation 737, 737 MAX and 777 aircraft.

The 20m investment by Boeing is part of broader plans to for the US aviation giant to begin in-house manufacturing of actuation components and systems in the US and Britain.

Whilst not leaving aerospace OEMs hamstrung, there are elements within production processes that that would benefit from the help of robotic tools, such as in riveting, which can have detrimental physical effects on the people performing the job.

To this end, Boeing has introduced FAUB (Fuselage Automated Upright Build) on its 777 line in Everett.

Meanwhile, Airbus is also no stranger to robotic systems, as research investigating the feasibility of co-robotic systems (co-bots) has shown, a situation reflected at Ford Motor Company, where co-bots are being assessed across a range of assembly line tasks.

More broadly, a report from Markets and Markets shows that the aerospace robotics market is projected to grow from $1.81bn in 2016 to $4.54bn by 2022, at a compound annual growth rate of 16.55 per cent. Increasing use of robots for efficient aircraft production, growing use of robotics to handle aircraft order backlogs, and increasing labour costs are factors identified in the report as driving the aerospace robotics market.

The 52nd Paris Air Show will take place at the Le Bourget Parc des Expositions from19 to 25 June 2017. Following Paris, UK Robotics Week starts on 24 June, with robotics and autonomous systems taking centre stage.

As well as celebrating Britains strengths in robotics and autonomous systems, the event will seek to engage the nations schools, colleges and universities in developing the digital skills needed to drive the UKs future economy.

In his piece titled UK must rise to robotics and AI challenge (link below), Prof Guang-Zhong Yang, Chair of the EPSRC UK-Robotics and Autonomous Systems (RAS) Network, discusses UK Robotics Week, and the significance of robotics and AI innovation in the governments recently announced Industrial Strategy.

According to Prof Yang, Robotics Week will feature four Challenges:

More on these challenges and importance of robotics and RAS to the UK economy can be found at UK must rise to robotics and AI challenge

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Aerospace looks to robotic systems as orders backlog grows - The Engineer

Paris Airshow Preview Aviation International News Organizers of next month's Paris Airshow expect a busy event when the biennial aerospace salon opens next month at Le Bourget Airport in the northeast suburbs of Paris, running from June 19 to 22 for trade visitors followed by three public days (Friday ... and more »

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Paris Airshow Preview - Aviation International News

GIF

As a follow-up to turning the classic Lego Solo Trainer set into a fully-functional RC plane, aerospace engineer Adam Woodworth is back with an even more impressive build: he somehow made this tiny 27-year-old Lego Space Shuttle actually fly.

Many of us probably remember set #1682, Space Shuttle Launch, released way back in 1990. After all, it carried so many of our Lego minifigures into imaginary orbit.

Adam rebuilds the entire set from scratch, but alashe leaves out the details where he somehow managed to make the shuttle itself fly. Looking at his Instagram account, however, reveals that he most likely built a duplicate of the shuttle out of paper so that it was light enough to take off with just three tiny propellers on the underside.

[YouTube]

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An Imaginative Aerospace Engineer Turned This Classic Lego Space Shuttle Into a Flying Toy - Gizmodo