Global Aerospace Fasteners Market to Grow at a CAGR of 6.86%, 2017-2021 with 3V Fasteners, Arconic, B&B … – Yahoo Finance

DUBLIN--(BUSINESS WIRE)--

Research and Markets has announced the addition of the "Global Aerospace Fasteners Market 2017-2021" report to their offering.

The global aerospace fasteners market to grow at a CAGR of 6.86% during the period 2017-2021.

The report, Global Aerospace Fasteners Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is advent of 3D printing. 3D printing (additive manufacturing) is an emerging and evolving technology that can print electronics layer-by-layer directly onto 3D surfaces. It surpasses the conventional methods such as computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing in terms of cost, reduction in size and weight, and faster design.

According to the report, one of the major drivers for this market is growing usage of titanium fasteners. Both civilian aircraft programs (comprising Boeing 787, Bombardier's new C-Series airliners, and Airbus A350) and military programs (comprising aircraft such as Lockheed's new F-35 Lightning II fighter jet) are preferring titanium aerospace parts. This preference is due to the lightweight property of these parts and their compatibility with carbon fiber-reinforced composite structures, which drives their demand in the market.

Key vendors:

Other prominent vendors:

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/fhsqc9/global_aerospace

View source version on businesswire.com: http://www.businesswire.com/news/home/20170309005587/en/

Read the rest here:

Global Aerospace Fasteners Market to Grow at a CAGR of 6.86%, 2017-2021 with 3V Fasteners, Arconic, B&B ... - Yahoo Finance

Addicted To Airlines? 4 Aerospace Alternatives – Seeking Alpha

Industry Thesis

Often we get pressured into thinking we need exposure to certain industries, even when they offer challenging returns. Furthermore, investors tend to invest in the "loudest" business within the supply chain, not the best. By scanning the supply chain within an industry, you can identify where the money is going and maximize your returns.

Airline Industry Growth

A recent Deloitte study indicated the demand for air travel will continue to grow:

In two recent articles (Delta; Airline Busines Model), I highlighted that the passenger airline business is still a tough business to make profit. In spite of great seat occupancy performance in the last decade, most passenger operations barely break even. Investing in airlines today is really about their ability to generate other revenue, outside selling tickets, which is the cause of their recent profitability.

If you're hesitant of investing directly in an airline, I don't blame you. They have on occasion shown glimmers of hope, only to be ravished by economic downturns and terror events causing a drop in revenue. Airlines are trying to switch to a variable cost structure so they can adjust to these events, but I believe it will remain a challenging industry.

In order to get decent return, I suggest you look into other segments within the aerospace industry.

Airline Supply Chain

The airline supply chain is made up of many different types of businesses, each offer different value, resulting in vast differences in business fundamentals. The following figure shows a theoretical snapshot of some of the various stakeholders within the supply chain (note: the cash flow follows the arrows):

Notice that airline operators have the most people to pay and are the most at risk of getting squeezed by suppliers. They are also largely affected by switching costs in the supply chain. It's very expensive to make modifications to aircraft. Modifications also drive additional switching costs related to pilot training programs. Changing IT systems is risky and expensive. The list goes on and on. In spite of this, air travel is growing, causing increased demand for products within the industry:

Options

There are many great options to get exposure to the aerospace industry. A great source is the annual Deloitte study on Aerospace and Defence. This annual report provides lots of insights into the industry and highlights which businesses are experiencing good performance. For example, here are the top 20 aerospace and defence companies by operating margin (2015):

Note that systems suppliers top the list and you don't see many aircraft manufacturers like Boeing (NYSE:BA) or Airbus (OTCPK:EADSY). The aircraft manufacturing business is not a horrible business, but competition is growing and the complexities involved in R&D and aircraft certification will increasingly cause more financial pressure. For instance Bombardier has needed significant bail out capital from the Canadian government to keep the C-Series alive.

Let's look at two of these businesses:

TransDigm (NYSE:TDG) is a designer, producer and supplier of aircraft components for commercial and military aircraft under three segments: Power & Control, Airframe, and Non-aviation. This business is involved in creating key aircraft systems. Since theses suppliers usually hold the intellectual property for these systems, they often get into long term publication, engineering support, and upgrade contracts. I like the stickiness of critical products like that. TDG is currently trading at about $240/share with a free cash flow of about $11/share and an average of about 12% FCF growth per year. It's pretty reasonably priced. TDG has intermittently paid a 10% or $24 annual dividend (missing 2015). I think this business is worth looking into.

Crane Co (NYSE:CR) is a diversified manufacturer of engineered industrial products, operating under four segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. This business does not only serve the aerospace industry. It provides fiberglass-reinforced plastic panels and coils for the manufacturing of recreational vehicles, truck bodies, truck trailers, for applications in commercial and industrial buildings. Currently CR is priced at $74/share based on a FCF of about $4.50/share. FCF has grown at about 3% per year.

Next let's have a look at the companies that topped the free cash flow growth list:

I'm always careful to not pay too much for historic growth. Companies have a habit of not experiencing extreme growth forever, causing investors panics. Here are two from the list:

Spirit AeroSystems (SPR) is an equipment manufacturer, aircraft parts designer, and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Over the last 3 years, the company has grown its FCF from under zero to over $3.60/share. It's currently trading at over $60/share.

Moog (NYSE:MOG.A) is a designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace, defense and industrial markets. The Company has five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices. These systems are often critical to the aircraft design and require reliable performance. In addition, if any part needs to be replaced, the aircraft operator will usually get an OEM replacement part, unless they have an alternative part list. Although, Deloitte's report showed 21.6% FCF growth, at the end of 2016 Moog saw a reduced FCF. The 3 year compound FCF growth is now flat or zero. In spite of the 2016 results, I believe the business is reasonably priced at $65/share with a little over $4 FCF per share. Moog hydraulic systems are used in many applications and are definitely an industry staple.

To continue your search, I recommend you look at the other metrics from the report. I'm sure there are plenty of great businesses to chose from. Also note the Berkshire Hathaway (NYSE:BRK.A) recently bought Precision Castparts (NYSE:PCP), which was highlighted in the 2016 Deloitte report.

Happy hunting,

Wayne

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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

Continued here:

Addicted To Airlines? 4 Aerospace Alternatives - Seeking Alpha

PolyU, China Aerospace to Collaborate on Aerospace Engineering – Photonics.com

Photonics.com Mar 2017 HONG KONG, Mar. 8, 2017 Hong Kong Polytechnic University (PolyU) and China Aerospace International Holdings Ltd. (CASIL), a publicly listed subsidiary of China Aerospace Science and Technology Corp. (CASC), have reached a strategic collaborative research framework agreement to advance aerospace engineering in the country.

A joint laboratory on intelligent systems will be established to pioneer research in robotic design and control, energy-saving and cost-efficient vibration control, intelligent systems or structures for control, measurement, sensing and health monitoring in the aerospace field. The collaborative research framework agreement also encompasses a professional exchange, visiting program, taught courses, distinguished lectures, funding support and collaborative research on the mainland of China and in Hong Kong.

"The collaborative research framework agreement is established to combine PolyU's strength in applied technological innovation and CASC's leadership in the aerospace industry for developing high-impact industrial applications and services, said Xingjian Jing, associate professor of mechanical engineering at PolyU and leader of the collaborations robotic systems and vibration control R&D.

CASC is a state-owned enterprise group engaged in the research, design, manufacture and launch of space systems such as launch vehicles, satellites and manned spaceships.

Original post:

PolyU, China Aerospace to Collaborate on Aerospace Engineering - Photonics.com

Michael R. Mahfet Appointed Chief Executive Officer of Ascent … – Yahoo Finance

MACOMB, Mich., March 8, 2017 /PRNewswire/ --Ascent Aerospace, LLC, announced today the appointment of Michael Mahfet as Chief Executive Officer, effective immediately. This role will be in addition to his current capacity as President of the company's newly expanded Ascent Integration & Automation Group ("I&A Group").

Joel Rotroff, Partner at American Industrial Partners, stated, "We are very excited to have Michael lead Ascent Aerospace as its CEO. Michael has a long history of success in leadership positions in the industrial automation sector, including most recently at ABB. Michael brings significant expertise in operational and commercial excellence, technical leadership and market focus. Ascent is very well positioned to serve our customers as a market leading solutions provider, with a 'One Ascent' business model at the forefront of our messaging."

"We want to thank Brian Williams for his significant contributions to Ascent Aerospace's success over the last four years as CEO," said Joel Rotroff. "Ascent Aerospace is performing strongly today and is well positioned for the future."

"I am humbled and grateful to become CEO of Ascent Aerospace and look forward to working with and leading our world class employees," said Michael Mahfet. "Ascent is in a wonderful position to continue streamlining its coordinated activities across its global footprint and technology portfolio. Through simplified, standardized and streamlined processes, we will be able to deliver a world class execution model, bringing smart tooling and integrated solutions to the market which address critical 'rate' and 'automation' needs for our aerospace customers."

About Michael MahfetMichael has been leading Ascent Aerospace's Integration & Automation business group for the last six months and previously was Group Vice President and Head of Account Management, ABB Americas. Michael brings over 20 years of experience leading organizations across multiple disciplines at Chrysler, GE and ABB. Michael holds a Bachelor of Science and Master of Science in Engineering from Oakland University in Rochester, MI.

About Ascent Aerospace, LLCConsisting of the Integration & Automation Group and the Tooling Group, Ascent Aerospace is one of the leading providers of tooling systems, factory automation and integration solutions to the global aerospace industry. Visit http://www.ascentaerospace.com for more information.

Ascent Aerospace ContactMs. Courtney Sturniolo, Marketing Manager Courtney.Sturniolo@AscentAerospace.com Tel: +1 714 389 1361 Mobile: +1 949 382 0962

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/michael-r-mahfet-appointed-chief-executive-officer-of-ascent-aerospace-300420792.html

See the rest here:

Michael R. Mahfet Appointed Chief Executive Officer of Ascent ... - Yahoo Finance

EXIM Bank the ‘lender of last resort’ for aerospace industry | TheHill – The Hill (blog)

Weve all heard some version of this classic joke: An optimist falls off a 10-story building. As he passes the sixth story, someone yells from the window, Hows it going? The man yells back, So far, so good!

It seems many of the critics of the U.S. Export-Import (EXIM) Bank are optimists, trying to argue that U.S. manufacturers and the U.S. economy have managed just fine without the bank having the authority to approve financing of sales of more than $10 million.

The EXIM Bank recently reported it was only able to authorize $5 billion in financing last year, a quarter of its financing activity when it was last fully operational in 2014, and its lowest level in 40 years. This activity can be connected to the direct support of 52,000 jobs and $284 million in interest and fees from foreign customers sent to the U.S. Treasury.

This would not happen if as its critics mistakenly claim the EXIM Bank was providing subsidies instead of loans requiring repayment. Those numbers could have been much higher, with action on forty deals worth $30 billion that cannot be reviewed and approved until the Trump administration puts forward nominees for the banks five board of directors positions and fills a quorum.

The huge bipartisan majorities in both the House of Representatives and the Senate that reauthorized the EXIM Banks operations in late 2015 would take swift action to approve these candidates if given the chance.

This issue is not an academic exercise or a philosophical debate regarding the role of government in the economy, and it certainly is no joke to more than 6,000 U.S. companies in the civil aviation supply chain.

These small- and medium-sized suppliers are willfully overlooked by EXIM Bank critics who throw around terms like corporate welfare and crony capitalism as if large companies make every part of an aircraft all by themselves and reap all the benefits of export sales.

My organization, AIA, recently reported the U.S. aerospace and defense industry generated $146 billion in exports and a trade surplus of $90 billion in 2016, the largest of any sector. I can already hear the argument: If the EXIM Bank was not available to support this success, then why is it even necessary?

The answer is rooted in what the bank is, namely, a lender of last resort when private-sector financing is otherwise unavailable. While private export credit financing has become more readily available since the global financial crisis, there will always be sales that would benefit from the support of a government export credit agency like EXIM Bank.

The other point that is frequently missed is that close to 60 percent of this export value can be attributed to the American supply chain. These companies win twice when the EXIM Bank can offer financing that is otherwise unavailable for an aircraft export selling parts and components that are initially incorporated into the aircraft, then selling these same parts and components for a higher margin in the global maintenance aftermarket.

President Trump and Commerce Secretary Ross understand the value of getting the best deal for America, fixing our debt and trade deficit, and ensuring U.S. manufacturers have a level playing field.

When considering the future of the EXIM Bank and Secretary Ross stated goal of having it help small businesses more, they should remember the aerospace supply chain companies that form the backbone of our industry.

We otherwise risk making the U.S. civil aviation supply chain a punchline, the butt of jokes by our foreign competition, as we remain sidelined by our own elected officials. Its one thing to be optimistic about how weve weathered the fall so far, but the landing will be no laughing matter.

Lt. Gen. David F. Melcher (U.S. Army-Ret.) is the president and CEO of the Aerospace Industries Association.

The views expressed by contributors are their own and not the views of The Hill.

Read the original:

EXIM Bank the 'lender of last resort' for aerospace industry | TheHill - The Hill (blog)

Mexican military courts San Antonio aerospace sector, manufacturers – San Antonio Business Journal

Mexican military courts San Antonio aerospace sector, manufacturers
San Antonio Business Journal
With a booming aerospace sector south of the border, Mexico is seeking to strengthen its business ties with its counterparts in San Antonio. Mexican Air Force Group Gen. Rodolfo Rodriguez is visiting the Alamo City and on a mission to connect with ...

Continue reading here:

Mexican military courts San Antonio aerospace sector, manufacturers - San Antonio Business Journal

Southfield Christian’s perfect night from charity stripe dooms Detroit Davis Aerospace 70-48 – MLive.com

Southfield Christian's Bryce Washington slams home two of his game-high 26 points (Photo: Susan Fergan)

BLOOMFIELD HILLS--Its very difficult to beat any team that hits all of its free throws. And if that team shoots 24 of them its virtually impossible. Detroit Davis Aerospace discovered that the hard way Monday night in its district quarterfinal matchup versus Southfield Christian at Birmingham Roeper.

In their best effort at the line this season the Eagles shot 24 for 24 from the free throw line en route to a convincing 70-48 victory over Detroit Davis Aerospace.

For a team that has struggled from the line at times this season, Mondays performance was welcomed by SC coach Josh Baker: We had it rolling from the line tonight. It was pretty cool, and it was meaningful. Detroit Davis Aerospace is a very tough team. Im really proud of this win.

The Eagles led wire-to-wire, scoring ten unanswered points to start the game, and were up 17-5 at the end of the first quarter.

Baker credited the Eagles' defense for the fast start. We guarded tonight. I thought we did a great job defensively on Edmen Stewart in the first half. He got it rolling late, but I thought we did a good job early. They only scored five in the first quarter and 17 in the first half. And we attacked their pressure all night. Thats the main reason we got to the line.

The Eagles' attack kept them ahead by double digits all night, with the lead peaking at 22 in the third quarter. Stewart heated up in the fourth, and the Aviators trimmed the lead to ten (56-46) at the 2:25 mark, but the Eagles finished the game with a 14-2 burst to win it going away.

Bryce Washington scored 11 first quarter points and finished with 26 to pace the Eagles. Brock Washington added 20, including 12 of 12 from the line. Caleb Hunter got 14. Stewart scored 16 for the Aviators, matching Bryces first quarter production with 11 in the fourth.

It was a solid start for the Eagles, who began their quest for a fourth Class D title a bit shorthanded. Harlond Beverly, a 6-4 starting guard is out indefinitely nursing a foot injury, but Baker and the Eagles are anticipating his return soon. Hes doing rehab at least twice a day, getting up shots and free throws, Baker noted. Were hoping he can return next week.

With the win, the Eagles pushed their record to 16-5 and will play for the district championship Friday night versus the winner of the Roeper vs Centerline semi-final matchup on Wednesday.

DDA dropped its third straight decision, and closes its season at 8-9.

See the original post here:

Southfield Christian's perfect night from charity stripe dooms Detroit Davis Aerospace 70-48 - MLive.com

West Star Aviation announces aquisition agreement with Avant Aerospace – RiverBender.com

EAST ALTON - West Star Aviation is pleased to announce its acquisition agreement with Avant Aerospace, a leading supplier of Dassault Falcon Jet spares and equipment located in Grapevine, TX.

Avant Aerospace has established a great reputation since 2001 for the acquisition and supply of top quality Dassault Falcon spares, equipment and tooling in support of F2000, F900 and F50 series aircraft. Avant will continue to operate under its given brand, supplying parts and services to better assist the needs of West Star customers and Falcon operators world-wide.

"There is a synergy between our two companies and this acquisition will continue to expand the scope of our Falcon capabilities. We will be able to provide new dimensions of service to our Falcon customers," said Bob Rasberry, CEO, West Star Aviation.

"We are very pleased to work in a combined effort with West Star. Our focus on Falcon parts and solid reputation will compliment West Star's well-established Falcon reputation within the industry," said Al Zito, President/CEO, Avant Aerospace.

Voted #1 Preferred MRO in the 2014, 2015 and 2016 Professional Pilot magazine annual Preferences Regarding Aviation Services and Equipment (PRASE) Survey for three consecutive years, West Star Aviation specializes in the repair and maintenance of airframes, windows, and engines, as well as major modifications, avionics installation and repair, interior refurbishment, surplus avionics sales, accessory services, paint and parts.

In addition to its facilities in East Alton, IL; Grand Junction, CO; and Chattanooga, TN, West Star Aviation runs maintenance operations at Aspen-Pitkin County Airport in Aspen, CO; Chicago Executive Airport in Chicago, IL; Centennial Airport in Denver, CO and Conroe-North Houston Regional Airport in Houston, TX. The company also provides complete FBO services for transient aircraft at its newly remodeled East Alton and Grand Junction facilities. West Star Aviation is an industry leader in technical experience and expertise while providing world-class customer services in all the organizations divisions. For more information visit http://www.weststaraviation.com or call (800) 922-2421.

Send your news tips to news@riverbender.com or on twitter @RiverBenderNews

Print Version Submit a News Tip

Share this story with your friends and family.

See the original post here:

West Star Aviation announces aquisition agreement with Avant Aerospace - RiverBender.com

Armadillo Aerospace – Wikipedia

Armadillo Aerospace was an aerospace startup company based in Mesquite, Texas. Its initial goal was to build a manned suborbital spacecraft capable of space tourism, and it had also stated long-term ambitions of orbital spaceflight. The company was founded by John Carmack.[1]

On October 24, 2008, Armadillo won $350,000 by succeeding in the Level 1 Northrop Grumman Lunar Lander Challenge. On September 12, 2009, Armadillo won $500,000 by succeeding in Level 2 of the same challenge.[2][3][4]

In 2010, they signed an exclusive deal with Space Adventures. Armadillo Aerospace was to provide a sub-orbital rocket to fly tourists into space, while Space Adventures would sell tickets for the experience. [5][6]

In August 2013, Carmack announced that Armadillo Aerospace had been put in "hibernation mode", following setbacks including the crash of the STIG-B rocket in January 2013.[7]

In May 2014, several former employees of Armadillo Aerospace formed a new company, Exos Aerospace, which was created to carry their former company's research into reusable commercial space craft. The new company set up their operations in one of Armadillo's former facilities at the Caddo Mills Municipal Airport, in Texas.[8] Exos completed acquisition of Armadillo assets in early 2015, and intends to begin launches of the Suborbital Active Rocket with Guidance (SARGE) in 2016 from Spaceport America in New Mexico. SARGE will be an enhanced Armadillo STIG-B.[9]

The company placed a strong emphasis on a rapid build and test cycle. Armadillo Aerospace designed and built more than 12 vehicles which used about 50 engine designs for over 100 rocket flights.[10] Each design had several features in common. One was the use of modern computer technologies and electronics to simplify rocket control and reduce development costs. Another was the use of liquid propellants and VTVL to facilitate short launch-to-launch times.[citation needed]

The company was a competitor for the Ansari X-Prize. Armadillo's X-Prize vehicle was unorthodox among modern rockets in that instead of using stabilization fins, which complicate the design and increase drag, Armadillo used an aerodynamically unstable design, where the computer controlled jet vanes based on feedback from fibre optic gyroscopes.[citation needed] Armadillo stated a preference for simplicity and reliability over performance, which was evident in its choice[when?] of hydrogen peroxide (50% concentration in water) and methanol as a mixed monopropellant for the vehicle. A monopropellant-based engine requires only a single tank, as well as greatly simplified plumbing and other hardware.[citation needed]

Armadillo Aerospace competed in the 2006 X PRIZE Cup. Armadillo Aerospace was the only competitor in the Lunar Lander Challenge. The company took two similar vehicles, Pixel and Texel, to the event. The vehicles narrowly failed to win the Level 1 prize, after making three dramatic attempts totalling over 5 minutes in the air,[11] finally crashing out on the final attempt. Persistent landing problems were the main cause of failure, with the undercarriage breaking several times, and landing slightly off the pad on one occasion due to guidance difficulties. These flights were a highlight of the Wirefly X-prize cup.

The quad vehicle design is pressure-fed in blow down mode from an initial pressure of 320 psi for level 1 (400 psi level 2). The roll thrusters are cross-fed by gas drawn from ullage space of the opposite tank. The vehicle is able to transfer propellant through connecting pipes between opposite tanks by controlling ullage pressures with the thrusters; this helps it balance, minimizing gas use. The main engine has two-axis thrust vectoring. The vehicle is fully computer controlled; with guidance from GPS and fiber optic gyroscopes.[citation needed]

Armadillo Aerospace competed in the 2007 Lunar Lander Challenge event in the Wirefly X-Prize Cup 2007.

During testing one of the two Quad vehicles (named Texel) crashed on a tethered flight after a guidance problem caused the vehicle to rapidly gain altitude until 3 separate flight termination procedures were activated at approximately 2030 feet. The vehicle fell, and the impact broke open one of the alcohol tanks and a large fireball engulfed the vehicle.[12] The vehicle was irreparably damaged, and only its sister Pixel could compete in the upcoming event. The plan was to have the first module (of the next generation modular design) compete at level 1, and have Pixel compete at level 2 challenge. [13]

In the level 1 events, Armadillo's craft MOD (actually, module #1) logged several attempts, including several successful first leg flights, but was unable to complete the return trip during any attempt.[citation needed]

On its first attempt, a clogged igniter orifice prevented ignition. On the second attempt, the first leg flight was perfect; increased guidance and control capabilities allowed the module to, in Carmack's words, 'burn the X-mark off the target pad'. The return leg was delayed slightly, because the igniter had clogged again. When the second leg was attempted, a 'hard start' cracked the graphite combustion chamber. As the vehicle was still flying, Carmack flew the crippled vehicle through the course as quickly as possible and hovered 23 meters above the landing pad. With only a few seconds remaining in the required flight time, the damaged combustion chamber cracked again, which caused the vehicle to tilt enough to trigger a computer abort. The vehicle performed an auto-land, but the tilt caused the module to tip over on landing after only 82 seconds in the air.[citation needed]

The second attempt began with another perfect first leg, but the return was marred by another hard start. Seeing that the engine was badly damaged (although flying), the team commanded an abort. The module landed back on the pad after only a few seconds.[citation needed]

On the final attempt, MOD suffered a violent "hard start", resulting in engine explosion. The violence of the explosion embedded a piece of the graphite chamber in the ground 64 meters from the launch pad, and ended their attempts in 2007 for the prize.[14][15]

The 2008 Lunar Lander Challenge took place October 2425 at the Las Cruces International Airport in New Mexico. Armadillo Aerospace competed for the third year but for the first time had competition, from the TrueZer0 team. Both received waivers from the FAA to fly experimental rockets.

TrueZero attempted level 1, achieved hover, then lost roll control and was aborted and crashed.

Armadillo had an unsuccessful first attempt at level 1, and landed early due to inadequate thrust. On their second attempt they completed the first leg, but the second leg was cut short by the FAA closing the flight window. The second leg was held in the afternoon, and they were able to take the Level 1 top prize of $350,000.[16]

Armadillo's attempt at the level 2 prize on October 25 was aborted due to their vehicle toppling over after the engine casing burned through due to a fuel-line problem.[citation needed]

Armadillo attempted the Level 2 prize on September 12, 2009. Armadillo successfully flew both legs with their Mod vehicle, each flight lasting over 180 seconds, landing safely. However their landing accuracy was not sufficient to win the first prize, instead they won the US$500,000 second prize[2][3] while Masten Space Systems' Xoie lander won the US$1,000,000 Level 2 first prize.[17]

In 2008, the Rocket Racing League announced that Armadillo Aerospace engines would be used in a second generation of X-Racer aircraft.[18] As of March 2010[update], the Rocket Racing League was utilizing a highly modified Velocity XL FG airframe and an Armadillo Aerospace 2,500 pound thrust liquid oxygen (LOX) and ethanol rocket engine in both the Mark-II X-Racer and Mark-III X-Racer demonstration vehicles.[19] The Rocket Racing league never got out of its early development mode, and no racing season was ever held.

The Super Mod reusable launch vehicle is a vertical-takeoff, vertical-landing (VTVL)[20] unmanned rocket which was developed by Armadillo in 2010-2011. It was submitted to NASA as a potential suborbital vehicle for use as a suborbital reusable launch vehicle (sRLV) under NASA's Flight Opportunities Program.[20] It added aerodynamic fairings, partially extendable landing legs with lower aerodynamic drag, and systems improvements to the basic Mod vehicle structure and systems.

Lunar Lander Cup era Mod rocket hovering in free flight

The Mod rocket with an early nose cone, hovering in free flight

The SuperMod rocket during final assembly

In late 2010, Armadillo started development of a new, longer rocket design created for lower-drag, higher-speed high-altitude flights, which they named Stig in homage of the Top Gear driver The Stig.[21] This rocket had similar systems, motors, and component weights as the Super Mod vehicles, but was aerodynamically optimized for high-altitude flights with long 15 inches (38cm) diameter cylindrical tanks instead of larger spherical tanks. The second flight, which took place in 2012, reached 50 miles (82 kilometers), but the recovery chute did not work as planned.[22]

The third flight took place in January 2013 and the vehicle experienced a hard landing following a parachute failure-to-deploy,[7] though the launch was good.[23]

Armadillo was headed, and largely funded, by John Carmack, a developer of video games including the Doom and Quake series. During its early days, all of its employees (including Carmack) had other, full-time jobs and contributed their efforts twice weekly to Armadillo on a voluntary basis. Armadillo had a relatively small budget and was not supported by aerospace companies or agencies like NASA, ESA, or Boeing. Armadillo Aerospace publicly declared itself fully self-funded.[when?][24]

In February 2006, Carmack stated that the program to date had cost slightly over $2 million.[25] Even by the standards of X-Prize candidates, this is a low budget. Scaled Composites is estimated to have spent $25 million on its SpaceShipOne development program.

On August 8, 2006, Armadillo Aerospace announced that it had reached a sponsorship deal with NVIDIA. While details were sparse, John Carmack said, "There is a chance at this point that I may have written the last personal cheque I need to for Armadillo."[26][needs update]

In April 2008, Carmack offered an updated figure of "total cost to date, about $3.5 million". He estimated that another $2 million would be needed to achieve a manned flight to 100km using Armadillo's modular design in a "six-pack" configuration.[27]

By 2010, Armadillo had 7 full-time employees, and was profitable on ongoing operations (though Carmack was continuing to invest in development efforts).[28]

The company mascot was an armadillo named Widget.

In August 2013, Carmack indicated that following the crash of the STIG-B rocket earlier that year, he had wound down the company operations and had put the company in "hibernation mode." Armadillo had stopped accepting (profitable) contract R&D work two years prior, in order to focus on development of a suborbital reusable rocket. During those two years, Armadillo operated at an approximately US$1 million per year burn rate funded personally by Carmack. Several reasons were offered for this outcome, including a failure to adopt a multi-test-vehicle build strategy, making the loss of a single rocket more significant than it would have otherwise been.[7]

As of August 2013[update], Carmack was "actively looking for outside investors to restart work on the companys rockets".[7]

In 2015 the assets of Armadillo Aerospace were sold to EXOS Aerospace Systems & Technologies, Inc.

Carmack stated in his monthly reports and in forum posts that he expected his path to an orbital vehicle to include modular rockets similar to OTRAG technology. Lutz Kayser, the founding engineer of OTRAG, visited Armadillo in May 2006 and loaned Carmack some of their original research hardware.

"I have been corresponding with Lutz for a few months now, and I have learned quite a few things. I seriously considered an OTRAG style massive-cluster-of-cheap-modules orbital design back when we had 98% peroxide (assumed to be a biprop with kerosene), and I have always considered it one of the viable routes to significant reduction in orbital launch costs. After really going over the trades and details with Lutz, I am quite convinced that this is the lowest development cost route to significant orbital capability. Eventually, reusable stages will take over, but I actually think that we can make it all the way to orbit on our current budget by following this path. The individual modules are less complicated than our current vehicles, and I am becoming more and more fond of high production methods over hand crafter prototypes." -- June 2006 Armadillo Aerospace Update[29]

U.S. suborbital spaceship signs up Russian space tourist. 11/10/2010

The U.S. Armadillo Aerospace company, which is developing the suborbital spaceship for space tourist flights, announced on Monday that a Russian has become its first confirmed passenger. St Petersburg resident Evgeny Kovalev won his ticket to the cosmos in a contest organized by Efes brewery.

Read this article:

Armadillo Aerospace - Wikipedia

Hazard Herald | Challenger Center offers virtual reality program … – Hazard Herald

Courtesy photo | The Challenger Learning Center is located on the campus of HCTC in Hazard.

HAZARD The Challenger Learning Center is a busy place this year. As the center works to organize an aerospace industry exhibit in Hazard, it also continues to engage students, both in the facility and at their schools, through STEM and robotics education. In the past week alone, the Challenger Center helped welcome the Executive Director of the Kentucky Aerospace Industry Consortium to town, while also treating students to a new, state of the art, virtual reality program that is almost as intriguing as space travel itself.

With the exhibit, the Challenger Center hopes to draw Southeastern Kentucky students attention to the increasing career possibilities that exist within the aerospace industry.

A lot of people dont realize that Kentucky is one of the top aerospace product producers in the country, said Tom Cravens, Director of the Challenger Learning Center. We want to organize an exhibit of products the companies in Kentucky produce, along with information about the jobs available there, and display it here at the Challenger Center.

One person, who can help rally the necessary forces together for this exhibit, is the representative of Kentuckys aerospace industry through Gov. Bevins office, D. Stewart Ditto II, who is Executive Director of the Kentucky Aerospace Industry Consortium. Ditto visited Hazard last Tuesday for a full day that began with Tom Cravens of the Challenger Center introducing him at the Chamber of Commerce meeting.

When people think of aerospace, perhaps states like Florida, Ohio or North Carolina come to mind. Yet Kentucky sits at number two, behind only Washington, in states leading the countrys aerospace product manufacturing. Executive Director Ditto gave an excellent presentation about Kentuckys aerospace industry and potential ways the financial gains generated by this industry can encompass all communities in the state.

When all was said and done at the Chamber meeting, Director Ditto was on his way to tour the Wendell Ford Airport in Perry County; an airport with plenty of room for growth, according to experts in attendance during Dittos presentation.

The aerospace exhibit, however, is something the Challenger Center hopes to host later down the road. For the time being, there is plenty more at the center for students and local citizens to experience.

Three East Kentucky schools will be working with the Challenger Center, Morehead State University and a company from South Africa, on a legitimate satellite launch into outer space. Willard Elementary from Perry County is one of those three schools.

Students will use a high altitude balloon to gather information the satellite will need to do analysis while it is in orbit. The program begins this month at the Challenger Center. The satellite launch is expected to take place in Oct. or Nov. at an out of state launch facility.

The entire program will consist of three phases, with phase one starting soon. The Challenger Center scheduled a teacher workshop for March 6, with Bob Twiggs from Morehead State University and Twiggs Space Lab on site in addition to the group from South Africa, who is supplying some of the classroom pieces for the program. Teachers from Perry County, Breathitt County and Pike County will take part.

However, visitors do not have to be part of the satellite launch project to receive an out of this world experience at the Challenger Center. Currently, a virtual reality program is available that provides several interactive learning modules, which include games, trips to settings in lands as far-away as the surface of Mars and even a view of the Earth and the Moon from outer space. The Mars simulation was compiled with help from images sent from the Curosity Rover.

This is one of many new technologies the Challenger Center would like to bring to students in East Kentucky, Tom Cravens said.

As always, the Challenger Center offers these programs as learning tools for students and inquiring minds throughout the mountains. For more information on the new virtual reality simulation and other learning opportunities at the Challenger Center, contact them through Facebook or on their website clcky.com.

Sam Neace can be reached at 606-629-3243 or on Twitter @HazardHerald.

Courtesy photo | The Challenger Learning Center is located on the campus of HCTC in Hazard.

http://hazard-herald.com/wp-content/uploads/2017/03/web1_Challenger_Center_cmyk-1.jpgCourtesy photo | The Challenger Learning Center is located on the campus of HCTC in Hazard.

.

Here is the original post:

Hazard Herald | Challenger Center offers virtual reality program ... - Hazard Herald

BrahMos Aerospace to Be Indian DRDO’s Commercial Wing Abroad – Sputnik International

Asia & Pacific

12:38 07.03.2017(updated 13:00 07.03.2017) Get short URL

Sputnik/ Ilya Bogachev

"Work started along time ago. This will be similar toANTRIX, the commercial arm ofIndian Space Research Organization (ISRO)," the source said.

BrahMos Aerospace is an Indo-Russian joint venture company inwhich DRDO has 50.5% stake and Russia's NPO Mashinostroyenia has 49.5%. The company is currently responsible fordesigning, developing, producing and marketing BrahMos supersonic missiles.

DRDO is not satisfied withefforts ofthe government-owned defense companies inpromoting DRDO's developed systems asmost ofthese companies have sufficient domestic orders and are not committed towardsexports.

DRDO wants tostay focused onits primary objective i.e. research and development, especially inareas where imports entail prohibitive costs or where India does not yet possess technologies critical formeeting the requirement ofarmed forces, butit wants a dedicated wing that can handle commercial deals togive a fillip todefense exports fromIndia.

DRDO-developed systems won the world's attention duringAero India, Bahrain International Air Show and Africa Aerospace and Defense Exhibition inSouth Africa. Following this, DRDO found the need tohave a commercial wing due toincremental demand ofits developed systems globally.

"Twenty countries have shown interest inprocuring the DRDO systems like Akash surface toair missile, BrahMos, Sonar, Underwater Acoustic Communication System, Torpedoes, Fuel Air Explosive Bomb, Thermobaric & Main Battle Tank Ammunition, Titanium Sponge, AEW&C System, and BFS Radar," said Dr S Christopher, DRDO chairman.

India has set a target of $2 billion defense exports, a six-fold increase fromcurrent exports, by2019. In order togive impetus toexports, the Narendra Modi government has allowed government-owned defense companies toearmark 10 per cent oftheir production forexports. "The biggest challenge inboosting defense exports fromIndia is the limited range ofexportable products, limited overseas markets and predominance ofdefense manufacturers who have been inthe business far longer thanIndia," Cowshish added.

More:

BrahMos Aerospace to Be Indian DRDO's Commercial Wing Abroad - Sputnik International

500 Saudis to work for aerospace manufacturing and repairing – Arab News

JEDDAH: The Technical and Vocational Training Corp. (TVTC) group on Monday signed a Memorandum of Understanding (MoU) with ALSALAM aerospace industry to train 500 young Saudi high school graduates for manufacturing and repairing programs. Ahmed bin Fahd Al-Fuhaid, governor of TVTC, said the MoU is part of the groups desire to strengthen the partnership with various government and private sectors to develop skills for young Saudis in technical and professional fields. He also said the organization will work with ALSALAM to provide specialized training programs in technical fields that needed to run the companys projects. Al-Fuhaid added the trainees will join the programs in around 16 global technical colleges of TVTC for young men to acquire basic technical skills required for aerospace technical work, and to learn English. The training program will continue for one year. He pointed out the jobs at ALSALAM are according to the requirement of the labor market, which needs highly qualified Saudi youths to handle technical problems of aircraft, and through this training youth will qualify in aerospace technical and vocational training and will have suitable jobs in the sector. Yahya bin Hamoud Al-Ghoraibi, president and CEO of ALSALAM, said the company wants to attract qualified young Saudis who take training from the TVTC global training institutes. After they qualify, young workers can contribute in technical and vocational fields of aerospace and support various industries including aircraft maintenance. Fahad Al-Otaibi, spokesmen from TVTC, told Arab News that TVTC opens registration for young people interested in the training programs. He said TVTC is targeting 500 youths so they can fulfill the requirements of 500 jobs in ALSALAM.

JEDDAH: The Technical and Vocational Training Corp. (TVTC) group on Monday signed a Memorandum of Understanding (MoU) with ALSALAM aerospace industry to train 500 young Saudi high school graduates for manufacturing and repairing programs. Ahmed bin Fahd Al-Fuhaid, governor of TVTC, said the MoU is part of the groups desire to strengthen the partnership with various government and private sectors to develop skills for young Saudis in technical and professional fields. He also said the organization will work with ALSALAM to provide specialized training programs in technical fields that needed to run the companys projects. Al-Fuhaid added the trainees will join the programs in around 16 global technical colleges of TVTC for young men to acquire basic technical skills required for aerospace technical work, and to learn English. The training program will continue for one year. He pointed out the jobs at ALSALAM are according to the requirement of the labor market, which needs highly qualified Saudi youths to handle technical problems of aircraft, and through this training youth will qualify in aerospace technical and vocational training and will have suitable jobs in the sector. Yahya bin Hamoud Al-Ghoraibi, president and CEO of ALSALAM, said the company wants to attract qualified young Saudis who take training from the TVTC global training institutes. After they qualify, young workers can contribute in technical and vocational fields of aerospace and support various industries including aircraft maintenance. Fahad Al-Otaibi, spokesmen from TVTC, told Arab News that TVTC opens registration for young people interested in the training programs. He said TVTC is targeting 500 youths so they can fulfill the requirements of 500 jobs in ALSALAM.

Read more:

500 Saudis to work for aerospace manufacturing and repairing - Arab News

Bureau Veritas urges transition to updated aerospace standard … – International Airport Review

news

Following the update to the AS9100 Series for Aerospace, Bureau Veritas is urging all organisations to begin transition preparations as soon as possible.

This comes ahead of the 15 June 2017 deadline, which states that all audits completed after this date must be undertaken to the new version of the standard.

In addition to this, all organisations who are certified to the current standard will need to transition to the new version by 15th September 2018.

Widely considered the gold standard in the aerospace industry, the AS9100 is a widely adopted and standardised quality-management system recognised by all major aerospace and defence original equipment manufacturers, and was revised to reflect the changes to ISO 9001, made in 2015. The standard provides a structure for process control, defect prevention, reduction of variation and waste in the supply chain, continual improvement and effectively meeting customer requirements.

A spokesperson from Bureau Veritas, said:

In accordance with SR003, issued by the International Aerospace Quality Group (IAQG), all certified organisations should have now (by 1st March 2017) informed their current Certification Body of their intentions to transition to the new version of the AS9100 series of standards. Any organisations that have not done so should act immediately.

From our experience of helping a large number of our clients comply with AS9100 in the UK, our advice would be to act quickly and take action towards compliance now.

Although the deadline may seem like a while away, it is worthwhile reaching out to your certification company in order to get an update on what you need to know and which changes in the auditing process will impact you. In taking these steps now, you could avoid or curb the potential penalties that may come from late or non-compliance.

The revision of AS9100 is designed to improve the certification by establishing standardised methods for best practices and continual improvement. Changes include:

Visit link:

Bureau Veritas urges transition to updated aerospace standard ... - International Airport Review

On the wing: The UAE’s soaring aerospace ecosystem – Khaleej Times

Against a backdrop of new aeroplane programmes, growing passenger traffic globally, low commodity prices and political uncertainties, the aerospace and defence industry is going through significant changes, particularly in the Middle East.

The industry is facing a range of challenges to address environmental and regulatory issues, and an increased dependence on a global supply chain. The network of organisations - including suppliers, distributors, customers, competitors, government agencies and so on - involved in the delivery of passenger jets, defence products and weapons systems are facing these tremendous challenges both at home and abroad through competition and limited resources.

Supporting the industry's evolution are countries that are trying to build indigenous aerospace capabilities in exchange for access to markets to help grow economies, gain technologies, provide employment opportunities and eventually to compete on the world marketplace. In barely a decade, the UAE has emerged as a regional leader in aerospace. Leveraging its booming airline and airport companies, the UAE has expanded into manufacturing and servicing aeroplane components, gaining partnerships with the world's biggest aviation players. For example, Mubadala has been supporting the development of a sustainable aerospace industry for Abu Dhabi, forming partnerships and initiating investments with leading companies like Boeing, Lockheed, GE and others.

Additionally, exciting opportunities are emerging to create "aerospace ecosystems". In the UAE, you are starting to see Stem (science, technology, engineering and mathematics)-related industries beginning to flourish. To support Stem activities at a grassroots level and help secure the future of science and technology, Boeing has supported many initiatives including research and development, teacher training, primary and secondary school design challenges, internships, mentorship programmes and chartable grants to UAE's top engineering schools.

One example is the Boeing-Mubadala Co-Op internship programme, which provides vital aerospace engineering expertise to bolster the UAE's ever-expanding aviation capabilities. Launched in 2015, the programme aims to support the development of a sustainable aerospace industry in the UAE.

Customers are asking for - if not demanding - value propositions that include education and training programmes, skills development, technology transfer, industrial partnerships and relationships that provide products and services for the entire product life cycle to keep it relevant for decades.

Time and time again, success in aerospace and defence manufacturing compliments efforts in other areas of development and adds to capabilities. Pioneering roles in scientific research and development contribute to building new technologies and capabilities to lay the groundwork for manufacturing, economic growth and employment. Boeing has a number of technical support centres for its customers, industrial and academic partnerships and Boeing's Global Corporate Citizenship programme connects us to community organisations through charitable and business investments and support.

Boeing's plan is to continue to expand our presence in the region through partnerships, organic growth and through support to build in-country capabilities. Boeing supports knowledge and technology transfer and investment in the region's human capital. We are committed to partnerships that support regional plans for economic diversification and to become aerospace hubs. We believe in the power of partnerships and leveraging local knowledge to be successful in the market. We are committed to providing the Middle East with key partnership and aerospace development opportunities, and we work closely with Arab governments and defence forces to take a key role in enhancing safety and security in the region.

By working together, we can build the aerospace ecosystem for the region.

The writer is president of Boeing Middle East, North Africa and Turkey. Views expressed are his own and do not reflect the newspaper's policy.

MORE FROM Khaleej Times

He was, however, given a stern warning. READ MORE

There are chances of fog in the morning and scattered rainfall. READ MORE

The Indian resident has been charged with disrespecting Prophet... READ MORE

The two airhostesses - who took the photos of the Arab man - got... READ MORE

View original post here:

On the wing: The UAE's soaring aerospace ecosystem - Khaleej Times

Austin land marketing targets aerospace, defense industries – MyDaytonDailyNews

MIAMI TWP.

An emphasis on the regions aviation heritage will be part of the strategy in marketing a large tract of Miami Twp.-owned land at the Austin Boulevard interchange.

Industries that have been staples for decades in the Dayton area are among the businesses in the sights of a firm the township hired to evaluate its estimated 42 acres on the southwest quadrant of Austins intersection with Interstate 75.

DOWNLOAD OUR MOBILE APPS FOR LATEST BREAKING NEWS

Were going to be targeting aerospace and defense companies quite heavily, (and) logistics, IT all of the firms and corporations that we believe will find it beneficial to relocate in Miami Twp., said Scott Pollock of Juniper CRE in Cleveland.

The land at the corner of Wood Road and Austin Boulevard is a cornerstone of the Austin Center area township Administrator Greg Rogers has said in reference to the development district shared by the township, Miamisburg and Springboro.

RELATED: Austin Center district to boost payouts

It sits on the only remaining corner yet to be developed or committed to a plan at the interchange that includes Austin Landing.

In 2009, Clivus Development LLC had an agreement to bring a proton therapy center projected to bring hundreds of jobs and be worth in excess of $100 million to the area.

That agreement expired in June 2015 without plans being submitted. Pollock has said targeting users may be a three- to five-year project, but may be completed sooner.

FOLLOW NICK BLIZZARD ON FACEBOOK

The land includes a retention basin, and officials said not all of it can be developed. At this point, 21 acres is penciled in for office use and 4 acres for retail, Pollock told township officials last week.

The townships local assets and regional assets in southwest Ohio are among the selling points Pollock said his firm is promoting about the property. These include Dayton-Wright Brothers Airport, Wright-Patterson Air Force Base and its relative close proximity to major population centers.

Initial electronic marketing efforts will include hundreds of site selectors, developers and commercial real estate brokers.

So were going to be doing a fairly aggressive marketing campaign to not only regional but national site selectors, corporations and also (the) real estate brokerage community to get this site on their radar, Pollock said, and to attract corporations, health care users onto the site as well.

Visit link:

Austin land marketing targets aerospace, defense industries - MyDaytonDailyNews

What can British aerospace learn from Florida? – Manufacturer.com

NASAs OSIRIS-REx spacecraft, manufacturerd by Lockheed Martin - image courtesy of Lockheed Martin and NASA.

Space is taking off in Britain, so what can the nations aerospace industry learn from Floridas example? Quite a lot, as Destin Wells, business development manager for Aviation & Aerospace at Enterprise Florida, explains.

On Tuesday 9 February, Teresa Mays government unveiled a brand new initiative to increase British innovation in the commercial spaceflight market. As part of the initiative, the government launched a scheme of grants worth up to 10m to enable UK businesses to create and develop spaceflight capabilities. The announcement is also likely to be followed by a separate Space Flight Bill, which could appear in the coming weeks.

The objective of the initiative is to increase Britains share of the world spaceflight market: a market currently estimated to be worth 25bn over the next 20 years. As the UK sets about establishing and growing its own space flight industry, perhaps inspiration should be drawn from the US state of Florida.

Floridas impressive history in groundbreaking space flight is indisputable. Lest we forget Apollo 11: responsible for getting Neil Armstrong and Buzz Aldrin to the moon, launched from the Kennedy Space Center, Florida in July 1969.

It would perhaps be nave to think that this was the peak of Floridas contribution to the aerospace industry. Today, virtually every major aviation and aerospace company has significant operations in the state because it is an ideal location for innovation. Given the availability of fundamental resources this is hardly surprising; a workforce already 85,000 strong in the industry speaks for itself.

In helping to grow the industry and to smooth the shift into commercial operators rather than government backed endeavors, the state launched Space Florida in 2006. The flagship project aims to foster the growth and development of a sustainable and world-leading space industry in Florida, by working with and supporting businesses in the sector.

As a sister organisation to the states economic development organisation Enterprise Florida, Space Florida was specifically designed solely for the purpose of expanding the aerospace industry.

Space Florida has attracted a number of high profile companies from across the world because it offers a range of financial mechanisms to support hi-tech development and manufacturing facilities, alongside a network of fully licensed commercial spaceports usable by horizontal and vertical launch vehicles. Thats in addition to an incubator with both laboratory and office space that is perfect for start ups as well as operational storage facilities.

The Kennedy Space Center (operated by NASA) and Cape Canaveral Air Force Station (45th Wing U.S. Air Force) are home to some of the worlds leading aerospace companies. Commercial companies such as United Launch Alliance (Delta 1V), Boeing Corporation (NASAs Space Launch System) and Lockheed Martin (Atlas V), ensure that Florida maintains and indeed furthers its stature as the worlds leading rocket launch site. However, there are also some new kids on the block.

Blue Origin is one of the market-leading companies that has been attracted to Florida. Set up by the founder of e-commerce giant Amazon, Jeff Bezos. Blue Origins spaceflight service aims to take paying customers on a journey to the edge of the space where they can experience zero gravity for a few minutes, before returning back to earth. Blue Origins flights are currently being tested by trained astronauts, with plans to launch to the general public in 2018.

Blue Origin has utilised the facilities available within the district to create its own unique spaceflight manufacturing facility. The plant represents an important development for space work in Florida as Blue Origin will not just be launching rockets from this location, but also manufacturing all the vehicles there too. At 750,000 square feet, the custom-built factory is designed to be large enough to accommodate manufacturing, processing, integration, and testing of orbital rockets.

SpaceX is also another leading business based in Florida. Its owner, Elon Musk of Tesla Motors fame has just announced plans to undertake the first commercial flight around the moon in 2018, while carrying two space tourists.

Likewise, One Web Satellites, a joint venture between Airbus Defence and Space and OneWeb, has chosen Florida for the production of nearly 900 satellites for its constellation.

The UK has had a relationship with Florida and its space industry for some time. Eight years ago, Florida signed a memorandum of understanding with UKTI (now the Department for International Trade), while Mark Garnier MP and a member of the Department for International Trade visited Florida at the start of 2017 to discuss the development of further collaboration.

One example of a UK business that has operations on the Space Coast is Intelligent Energy (IE), which delivers clean energy solutions (fuel cells) for the aerial drone, distributed energy, diesel replacement and automotive markets.

Its CEO, Martin Bloom explained: The concentration of engineering expertise in the region is very high. Couple that with the pro-commercial business and infrastructure support from Space Florida, it makes for a very solid choice of locations to support IEs R&D requirements.

As the commercial space industry continues to grow with businesses such as Blue Origin, OneWeb Satellites and SpaceX, there are significant opportunities for UK businesses to collaborate and play a significant role in the supply chains of these huge projects.

For businesses that are looking at potential opportunities to collaborate and grow internationally in Florida, Enterprise Florida has services in the UK to support businesses on taking their first step.

Go here to see the original:

What can British aerospace learn from Florida? - Manufacturer.com

Maharashtra eyes $5 bn investment and 100000 jobs in defence & aerospace – Business Standard

The Maharashtra government released a draft defence and aerospace policy on Saturday, to attract an investment of $5 billion and create 100,000 jobs over the next five years. The proposed investment is expected in Pune, Nashik, Nagpur, Ahmednagar and Aurangabad.

The government aims to establish Maharashtra as the preferred destination for domestic and aerospace manufacturing, promote indigenous and modernised technological capabilities, developed world class skilled manpower and support MSMEs to be globally competitive. In a bid to cut red tape and remove procedural hurdles, the defence industry will be declared as an essential service under the Maharashtra Essential Services Maintenance Act (ESMA).

Parrikar said the Centre will also contribute its share to the proposed fund and added that the fund will be a game changer for the defence and aerospace sector to boost the Make In Maharashtra.

The policy proposes to leverage the strategic location and existing maintenance, repair and overhaul (MRO) facility of Nagpur to develop it as a global hub for airlines. The government plans to provide incentives on VAT on service parts at the Nagpur MRO to make it as preferred choice for low-cost carriers.

Further, the indigenous technology and R&D will be promoted and the government will provide need-based support to R&D institutions set up with the approval of the state government. Fiscal and non-fiscal incentives will be provided to investors who set up aerospace and defense related R&D.

Incentives will be provided to units for training cost to develop skilled human resources. Focus will be laid on imparting vocational training and provide support in up-gradation of industrial technology institutes (ITIs).

As far as anchor units are concerned, the state will provide special incentives and other support needed to such units in the form of fiscal and non-fiscal incentives.

Fadnavis said the defence and aerospace policy pays special attention on MSMEs that will form a critical cluster of suppliers to anchor units located in the region. Incentives will be given for their market development, quality certifications and patent registration.

The government will give special support to units established in collaboration with public enterprises of defense sector/units under the Ministry of Defence. Those benefits will be applicable to joint ventures too.

This list of incentives also includes industrial promotion subsidy, exemption in electricity duty, stamp duty, entry tax and local body tax, waiver in VAT and CST. In order to promote walk to work, all mega and ultra-mega anchor units (those with investments between Rs 500 crore and Rs 1,000 crore-plus) will be allowed to utilise up to 20 per cent of the designated land for residential and commercial purposes.

Moreover, defence and aerospace units will be entitled for relaxation under the Shops & Establishment Act with regard to working hours, work shifts and employment of women. These units will be exempted from maintaining records for attendance and salary. They will also enjoy the option of self-certification and filing of consolidated annual returns under 13 Acts administered by the Labour Department.

Defence and aerospace units will be entitled for relaxation under the Contract Labour Act applicable to special economic zones. These relaxations will be subject to the approval of the state legislature.

Continued here:

Maharashtra eyes $5 bn investment and 100000 jobs in defence & aerospace - Business Standard

Bigelow Aerospace offers plan for an expandable space station orbiting the moon by 2020 – Next Big Future

Bigelow Aerospace founder Robert Bigelows company makes in-space habitats. One (the BEAM adds 16 cubic meters of living area to the ISS) is now attached to the International Space Station and he and his company are developing permanent, stand-alone habitats to serve as private space stations in orbit around the Earth, ready to house private astronauts.

Bigelow has talked with United Launch Alliance Chief Executive Tory Bruno about using the company's Atlas V 552 rocket, which has an extra-wide payload fairing, to deliver the B330 into orbit.

United Launch Alliance is developing an advanced upper-stage vehicle, ACES, to provide in-space propulsion.

Two ACES in tandem could be used to move the B330 into a low lunar orbit. They orbit within 75 kilometers of the lunar surface

Bigelow has spoken SpaceX President Gwynne Shotwell about using the company's Dragon 2 spacecraft to transport astronauts to the B330 in deep space.

By 2020, NASA and commercial astronauts ould be living and working in lunar orbit inside a functional space station.

What if the @SpaceX V2 and/or the @LockheedMartin Orion were engaged as the transportation vehicles to and from the lunar depot?

The only accommodating launch vehicle and fairing for this large B330 spacecraft is the @ulalaunch Atlas 552, stretched fairing

Robert Bigelow @RobertTBigelow Feb 28

The B330 is designed to be a standalone space station capable of operating in LEO or beyond.

SOURCES- Twitter - Robert T Bigelow, Orlando Rising, Ars Technica

See the rest here:

Bigelow Aerospace offers plan for an expandable space station orbiting the moon by 2020 - Next Big Future

Aerospace & Defense | Oklahoma The State of Success

Soaring to Success

Oklahoma has a legacy of aerospace innovation and success dating back more than 100 years, with pioneers like Wiley Post, who launched his career of exploring the limits of high-altitude, long-distance flight in our state. Today, some of the worlds most successful aerospace companies operate in Oklahoma.

Oklahoma has a legacy of aerospace innovation and success dating back more than 100 years. Read more in this special report.

The low-cost to no-cost Training for Industry program is just a piece of Oklahomas incentives advantage. Discover how your company can benefit from Oklahomas world-renowned incentives.

Not only is Oklahoma a right -to-work state with labor costs 25 percent below the national average, but we also offer a variety of business incentives like the Aerospace Engineer Workforce Tax Credit and 21st Century Quality Jobs Program.

Our central location has made us a hub for Maintenance, Repair and Overhaul (MRO) where a strong, skilled workforce rebuilds and repairs aircraft. Add to that the FAA Mike Monroney Aeronautical Center, the central training and support facility in the U.S. for the FAA and the U.S. Department of Transportation. The American Airlines commercial aircraft MRO in Tulsa, Okla., is the largest in the nation. Tinker Air Force Base, the largest military MRO in the country. The list goes on and on.

In the emerging unmanned industry, our unique mix of terrain and testing capacity make Oklahoma perfect for UAS/UAV research and development. Oklahoma is a UAS hub for fire & rescue, precision agriculture, safety & security, transmission monitoring, weather, and aerial photography.

The Oklahoma Team will work with you to meet the specific needs of your project. Contact us today to get started. Call the Oklahoma Team at 800-588-5959.

Here is the original post:

Aerospace & Defense | Oklahoma The State of Success

Rolls Royce Looking To New Civil Aerospace Deliveries To Lift … – Seeking Alpha

Commercial aviation engine suppliers make up a relatively small world, as there are really only a half-dozen companies in North America and Europe that offer competitive solutions, and most of those don't compete across the board. Rolls Royce (OTCPK:RYCEY) is a name that is probably best known for a business it's not even in (the luxury car business is owned by BMW (OTCPK:BMWYY)), but this is the third-largest aircraft engine maker and a significant player in the markets for widebody and business/regional engines.

This is an interesting time for Rolls Royce, as the company is about to see new widebody programs ramp up (which isn't actually that good for margins), older programs wind down (which is bad for margins), and likely not much progress in non-aviation areas like marine. What's more, there are well-publicized challenges with widebody aircraft these days, as many operators are turning to more efficient, more capable next-gen narrowbody planes instead.

Although the next couple of years are likely to remain challenging, and an accounting change will hammer reported earnings (but not cash flow), I believe there's an argument to be made that Rolls Royce shares are priced to generate double-digit total returns from here.

In The Race, But Unlikely To Ever Lead

Rolls Royce generates about half of its revenue from its civil aerospace business which is, in some respects, an odd collection of specialties. Rolls Royce is the number two player in engines for widebody aircraft (behind General Electric (NYSE:GE)) and a solid player in corporate jets (particularly large cabin jets), but its position in narrowbody aircraft is insignificant and going to shrink further as legacy aircraft go out of service. While the A330 has been the single largest platform for Rolls Royce, the company's single-source position on the A350-XWB (a successor to the A340 and rival to Boeing's (NYSE:BA) 787 and 777 aircraft).

Given Rolls Royce's lack of exposure to the narrowbody market, their market share in terms of flight hours isn't as impressive - at 15% or so, it is on par with United Technologies (NYSE:UTX) and ahead of MTU, but behind Safran (OTCPK:SAFRY) and well behind GE (at around 45%).

What's more concerning is that this next generation in commercial aerospace is favoring narrowbody aircraft more than in the past and more than was expected just a few years ago. Narrowbody aircraft have become more capable in terms of range and capacity and they are more efficient to operate, so many airlines are replacing widebody aircraft with newer narrowbody options and ordering accordingly.

Given the nature of the widebody market (including significant concessions to OEMs like Boeing and Airbus (OTCPK:EADSY) on original equipment) and operating scale, I don't see Rolls Royce rivaling General Electric's margins, nor those of Safran or Honeywell (NYSE:HON). That said, margins should improve as the company progresses through these new program rollouts, with management expecting break-even margins on new Trent XWB engines around 2020 (companies like Rolls Royce, Safran, GE, et al often have to sell new equipment at low or negative margins to win the business).

The real key here is the eventual aftermarket business that comes with every engine that goes out the door. While Boeing and Airbus get advantageous pricing on new equipment, companies like Rolls Royce make their profits later from spare parts and maintenance services. For Rolls Royce, that's largely done through its TotalCare program - a "power by the hour" program where operators make regular payments to Rolls Royce on the basis of usage and where Rolls Royce then takes full responsibility for the maintenance and service needs.

When it goes well, it allows Rolls Royce to collect cash up front, smooth out the business, and most efficiently schedule and perform the maintenance work. When it doesn't go well, particularly when there are product quality/reliability issues, it can undermine a key profit center.

Close to three-quarters of Rolls Royce engines are covered by these arrangements, which is quite a bit more than for either MTU (around 40% to 50%) or Safran (around 25%), though Safran is looking to drive more in-house service and maintenance in the future.

Outside Of Defense, Rolls Royce Not Benefiting Much From Its Other Businesses

Rolls Royce has a sizable business outside of its civil aerospace engine operations, but these other businesses have struggled to pull their weight recently.

Defense is the strongest of these businesses, generating around 15% of revenue and over a quarter of profits (closer to a third in the second half of 2016). Rolls Royce has important positions on multiple programs in military transport (more than 40% of segment revenue) and combat aircraft (more than a third of revenue), including the Eurofighter and F35 programs. With older programs rolling off and newer programs not yet needing much in the way of service, margins are likely to see some pressure in the short term.

The next largest segment, Power Systems, generates around 20% of the company's revenue and a similar amount of profits. This business sells high-speed diesel engines for marine, energy, and industrial applications. Rolls Royce also has a separate Marine division that now contributes less than 10% of revenue due to significant weakness in offshore oil/gas (more than half of segment revenue) and merchant shipping (around one-quarter of revenue). Rolls Royce also has a small nuclear power business focused on reactors for military naval vessels and commercial controls for civilian nuclear power.

The Opportunity

I believe the challenges in the widebody market, both in terms of new aircraft orders and utilization for existing aircraft, are pretty well understood at this point. While a downturn in the global economy would threaten this business, the fact remains that there are still some applications where narrowbody aircraft can't substitute for widebody and Rolls Royce is likely to see engine deliveries double from 2016 to 2020.

That said, I do have some worries that Rolls Royce will continue to lag its rivals in flight hour growth, as narrowbodies take more share. Likewise, I'm concerned that the company has lost out on some recent opportunities in the business jet segment.

A bigger question that I have is whether Rolls Royce will make a push to get back into the narrowbody segment. The company is pretty much locked out for the next decade, but there will be another design cycle in 2025-2030 and I wouldn't rule out the company investing resources into R&D to try to re-establish a presence in this market. The reason that matters is that program development costs could be significant and those are some of the prime money-making years in the model, as that's when the richer aftermarket revenue/profit streams start to kick in and boost free cash flow production.

Rolls Royce is also facing a challenge to the perception of its money-making capabilities with the adoption of IFRS15. I realize that detailed accounting discussions can be a powerful soporific for many (if not most) readers, so I'll keep this brief. Basically, IFRS15 will force the company to change how it recognizes revenue on new OE deliveries and AM services, with the company no longer booking profits on linked OE sales (linked to aftermarket contracts) or capitalizing losses on new engine sales.

The end result is that the earnings streams from new engine programs (both OE and AM) will see greater losses in the initial years and higher profits in the later years versus the previous approach. While this is significant to investors who rely on earnings-driven valuation methodologies, the cash flow impact is nil (which is my preferred approach anyway).

I'm looking for Rolls Royce to generate mid single-digit revenue growth across the next decade, with FCF margins improving into the high-single digits over time as the new engines put into service over the next three to five years go into their aftermarket maintenance and service cycles. I also expect eventual improvements in the oil/gas markets, but I think it will be a gradual recovery. Discounting those cash flows back, I come up with a fair value that is a little bit higher than today's price.

The Bottom Line

With Rolls Royce trading only a few percentage points below my estimate of fair value, I can't argue that it's significantly undervalued. Still, it is priced to generate a double-digit total return from here and there are opportunities for Rolls Royce to cut costs and become more efficient, potentially driving higher-than-expected profits and cash flow. There is also a possibility for widebody demand to recover/improve from here, and for orders to come in ahead of expectation. With all that, then I'd consider Rolls Royce a name that is worth some due diligence, but maybe with an eye toward the watch list at today's price.

This article is part of Seeking Alpha PRO. PRO members receive exclusive access to Seeking Alpha's best ideas and professional tools to fully leverage the platform.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

Read more here:

Rolls Royce Looking To New Civil Aerospace Deliveries To Lift ... - Seeking Alpha