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Category Archives: Aerospace

Will B/E Aerospace (BEAV) Stock be Affected Today by This Analyst Action?

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NEW YORK (TheStreet) --Deutsche Bank maintained its "buy" rating of the "new" B/E Aerospace (BEAV) with a price target of $66, down from $91, following the spin-off of the company's consumable management segment.

"We continue to see fundamentals of strong airline profitability and air traffic growth driving mid-to-high SD top-line growth alongside steady margin expansion," Deutsche Bank said.

Analysts said that the spin-off of KLX (KLXI) from the company makes for a much "cleaner story" for BEAV, as it becomes a pure-play to commercial aerospace with uniquely high exposure to commercial aerospace aftermarket, which comprises 40% of sales.

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Will B/E Aerospace (BEAV) Stock be Affected Today by This Analyst Action?

What's Driving Honeywell's Aerospace Segment Going Forward?

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HoneywellsAerospace segment accounts for 40% of Honeywells revenues and forms around 43% of our $106 price estimate for Honeywell. The segment manufactures aircraft engines and equipment, and offers services such as maintenance, repair and overhaul for commercial and defense sectors. In 2014, Honeywells Aerospace segment has been performing well on the commercial front, but its sales to the Defense and Space sector have been facing downward pressure due to low U.S. defense spending.

The Aerospace segment has undergone some restructuring of late, resulting in the consolidation of its turbochargers business, which was earlier a part of the Transportation Systems segment. Turbochargers have been gaining a lot of popularity in automobiles due to their high efficiency and low emissions, leading to mid-single digit growth in 2014. In this article we take a look at the factors impacting Honeywells Aerospace segment in the coming years.

See our complete analysis of Honeywell

Commercial Original Equipment and Aftermarket

Honeywells Aerospace segment generates around 46% of its revenues from sales to commercial original equipment manufacturers (OEMs) and aftermarket components. In the past few years, the segment has benefited from higher consumer spending driven by a recovery in the global economy. With an increase in air travel, aircrafts have had to endure more wear and tear, raising the need for maintenance and repairs. For Honeywells Aerospace segment, this has translated into higher sales of aftermarket components and maintenance, repair and overhaul services. Sales of aftermarket equipment have also benefited from aircrafts being regularly upgraded with latest equipment so that they remain efficient. The trend is likely to continue to have a positive impact on Honeywells Aerospace aftermarket equipment and components in the coming years. Honeywell forecasts its Aerospace aftermarket sales to grow at an average rate of 5.7% through 2018.

Sales to OEMs are largely dependent on supply contracts and growth in aircraft demand. According to Boeing, around 36,770 aircrafts will be delivered over the next 20 years, amounting to $5.2 trillion.The demand for more fuel efficient aircrafts and expansion of fleets will drive this growth. Given that Honeywells clientele in the commercial aircraft sector is comprised of major players such as Boeing, Airbus, Lockheed Martin and COMAC, who have a significant lineup of deliveries through 2018, Honeywells commercial OEM sales are well positioned for future growth. Some of Honeywell?s supply contracts for aircrafts that are scheduled to be delivered through 2018 are Bombardier Lear 70/75, Bombardier CL350, Airbus A350, Embraer 450/500, Embraer E2, Boeing 737 Max and COMAC C919.

Defense and Space

The Defense and Space sector forms 30% of Honeywells Aerospace revenues and its primary customer is the U.S. Department of Defense, which accounts for 75% of Aerospace defense and space sales.In 2013, Aerospaces defense and space revenue declined 4.7% as a result of a 6.6% decline in the U.S. defense outlay.U.S. defense spending declined 4.7% in FY 2014and will likely decline in FY 2015 as well, though with some moderation, which will likely continue to impact Aerospaces defense and space revenue. Despite the decline in U.S. defense spending, Honeywell expects its defense and space sales to grow in the low single digits, primarily due to growth in defense spending across the world, especially developing countries.For example, the new government in India increased defense spending by 12% to $38 billion.China also increased its defense budget by 12%, to $132 billion.According to Honeywells estimates, global defense spending (excluding the U.S.) is expected to increase 2.5% in 2015, which will drive positive momentum in its defense and space sales.

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What's Driving Honeywell's Aerospace Segment Going Forward?

B/E Aerospace (BEAV) Stock Falls Following Completion of Spinoff

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NEW YORK (TheStreet) -- B/E Aerospace (BEAV) shares are falling, down 27.2% to $54.12 in early market trading on Wednesday, after the airplane cabin interior product manufacturer completed the spin off KLX (KLXI) from the company.

The company's stock will see a decrease in value as the shares will no longer also reflect the value of KLX whichprovides distribution and logistics services for the aerospace and energy services sectors, the company said.

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"Separating these highly successful businesses into two industry-leading companies will allow each to benefit from increased management focus and operational flexibility," said B/E founder Amin Khoury of the move.

B/E Aerospace's price target was lowered to $55 from $80 by analysts at Jefferies today to reflect its new value.

TheStreet Ratings team rates B/E AEROSPACE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate B/E AEROSPACE INC (BEAV) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

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B/E Aerospace (BEAV) Stock Falls Following Completion of Spinoff

B/E Aerospace Completes Spin-off Of KLX

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B/E Aerospace, Inc. (BEAV: Quote), a maker of aircraft cabin interior products, said Wednesday that it has completed the previously announced spin-off of KLX Inc. (KLXI: Quote) from the company. Meanwhile, KLX said in a separate statement that its shares will begin regular way trading on the Nasdaq under the ticker symbol "KLXI" from today.

B/E Aerospace said that on Tuesday, December 16, 2014, it distributed all the outstanding shares of KLX common stock to B/E Aerospace shareholders at a distribution ratio of one share of KLX common stock for every two shares of B/E Aerospace common stock held by them on the December 5, 2014 record date.

Starting Wednesday, December 17, 2014, B/E Aerospace common stock will no longer include the value of KLX.

In a separate statement, KLX Inc. (KLXI) said it will commence regular trading from Wednesday following its spin-off from B/E Aerospace. The company said its shares will trade on the Nasdaq under the ticker symbol "KLXI".

In early June, B/E Aerospace announced its intention to split into two independent, publicly traded companies, for manufacturing and services.

The new B/E Aerospace, or the manufacturing company, will focus on aircraft cabin interior equipment - design, development, manufacturing, certification and direct sales on a global basis.

KLX, or the services company, will look after distribution, logistics and technical services for the aerospace and energy services markets. KLX is a distributor of aerospace fasteners and consumables, and also a provider of services and products for the oil and gas industry.

BEAV closed Tuesday's trading at $74.37, up $0.40 or 0.53 percent on a volume of 1.37 million shares. In Wednesday's pre-market activity, the stock is down $19.38 or 26.06 percent to $54.99.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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B/E Aerospace Completes Spin-off Of KLX

Gulfstream Aerospace G450 N250AF – Close-up Landing at Split Airport SPU/LDSP – Video

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Gulfstream Aerospace G450 N250AF - Close-up Landing at Split Airport SPU/LDSP
Facebook page: https://www.facebook.com/pages/EdoStuff-Aviation/355006944654032 Camera: Sony DSC-HX100V (Hand-held) Aircraft: Gulfstream Aerospace G450 Aircraft Registration: N250AF ...

By: Edostuff CroHD Planespotting

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Gulfstream Aerospace G450 N250AF - Close-up Landing at Split Airport SPU/LDSP - Video

How Electroimpact's unconventional founder created an aerospace giant

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Dan Bates / The Herald

Peter Zieve talks with mechanical engineers Patrick Brewer (left) and Michael Kessler about the satellite fixture they have been working on.

Dan Bates / The Herald

Peter Zieve founded Electroimpact and led it to be one industry leaders in aerospace. From the beginning, Zieve envisioned the company as a haven for engineers. He eschews the suit and tie at work.

Dan Bates / The Herald

Peter Zieves ElectroImpact has moved well beyond the original riveting and drilling assembly machines of its earlier days.

Dan Bates / The Herald

Electroimpacts newest building, the F building, is nearly completed, just a block or two from the main campus of buildings. Peter Zieve says it is the largest in the area.

By Eileen Bjorkman For The Herald Business Journal

Published: Wednesday, December 10, 2014, 12:01 a.m.

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How Electroimpact's unconventional founder created an aerospace giant

Aerospace Club works on simulated Mars sample recovery vehicle for NASA competition

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The Vanderbilt Aerospace Club, defending champions in the NASA Student Launch (NASA SL) Challenge for the past two years, is tackling the agencys all-new 2014-15 design challenge.

The rocket team is working on an earth-simulated Mars Sample Recovery Vehicle, which includes an Automated Ground Support Equipment Robot (AGSE) that autonomously places an encapsulated soil sample in a Mars Ascent Vehicle (MAV). The ascent vehicle is eventually launched to a height of 3000 ft., with the sample independently parachuted back to Earth.

In previous competitions, teams were allowed to choose their own scientific payload designs and build appropriate rockets to carry the payloads to a mile above ground and return safely.

NASA has standardized this years competition by requiring all teams to design the AGSE and the appropriate MAVs. The agency has added an optional challenge, called the Maxi MAV, said Team Director Amrutur Anilkumar, a professor of the practice of mechanical engineering.

The Maxi MAV challenge requires teams to design their own autonomous launch pads and ignition systems that complete the sample insertion into the rocket, and launch it in a period of 10 minutes. It is linked to the NASA Centennial Challenges Competition with the possibility of awarding major cash prizes.

The team has decided not to participate in the optional Maxi MAV competition.

We felt we should concentrate on aspects of the competition that would ensure on-time project completion and the most elegant design with optimal utilization of the teams budget resources, Anilkumar said.

The team recently tested a first model of its ascent vehicle at a Manchester, Tennessee launch site, and had a successful recovery of a mock-up payload. The launch also pointed out a few operational glitches that the team is working to perfect before the competition April 7-11 in Huntsville, Alabama. The SL challenge now in its 15th year is organized by NASAs Marshall Space Flight Center in Huntsville.

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Aerospace Club works on simulated Mars sample recovery vehicle for NASA competition

Aerospace Manufacturers Warm to Southern States

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DEARBORN, Mich. (PRWEB) December 11, 2014

Aerospace manufacturers have an established presence across the South, including Boeing, Lockheed Martin, Bell Helicopter, Northrop Grumman and Raytheon, and are partnering with SME to produce AeroDef Manufacturing Conference + Exposition, with Composites Manufacturing, which relocates to Dallas on April 2023 in 2015.

The new location reflects the growing presence of aerospace manufacturing in the South, most notably the Southeast. Like the automotive industry, aerospace companies are attracted by the regions low costs, generous state incentive packages and right-to-work laws, according to a recent report by Pew Charitable Trusts. Among the newcomers to the region are Airbus in Alabama, Gulfstream Aerospace Corp. in Georgia and GE Aviation in North Carolina.

"Texas is a leading aerospace and defense manufacturing center. It's a natural that we're bringing AeroDef there in 2015, said Debbie Holton, director, events and industry strategy for SME. The event gives stakeholders across the region insight into what OEMs need, showcases transformative technologies and explores integrated solutions to increase productivity.

States are clamoring for aerospace manufacturing businesses to boost economic development because it is considered an advanced industry with wages relatively higher to other industry sectors. Many states include extensive worker training provisions in their economic incentive packages, in some cases taking on most, or all, of the costs for workforce development programs.

Its a strategy that appears to be working. According to Pew, other aerospace firms have recently expanded or relocated to the South:

SMEs AeroDef, with Composites Manufacturing, features keynote speakers and panel discussions on the most promising technologies, including flexible manufacturing and the digital tapestry; an exposition floor arranged by seven technology zones; additive manufacturing/advanced materials resource center; tours of regional aerospace manufacturers; and a comprehensive technical conference.

Registration for the exposition which includes access to the exhibit floor, keynote speakers and panels is free of charge. Visit aerodefevent.com/papers to download complimentary SME technical papers on aerospace manufacturing, including the drilling and machining of composites and advanced materials.

For more information about attending, exhibiting or presenting, visit aerodefevent.com or call 800.733.3976. For the most up-to-date details, follow @AeroDefMfg on Twitter or join the LinkedIn AeroDef discussion group.

About AeroDef Manufacturing AeroDef Manufacturing Collaboration for the Future of Aerospace, is the leading technical conference and exposition for the aerospace and defense manufacturing industry. Produced by SME in partnership with industry OEMs, its mission is to foster innovation across the extended enterprise to reduce costs, expedite production times and maintain U.S. competitiveness in the global economy.

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Aerospace Manufacturers Warm to Southern States

Colorado Space Roundup focuses eyes on top aerospace prize

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The United Launch Alliance Delta IV Heavy rocket carrying the Orion spacecraft lifts off from Cape Canaveral, Fla., early Friday. On a "picture-perfect day," the Colorado-built spacecraft hurtled into space, orbited Earth twice and splashed down four hours later in the Pacific Ocean near San Diego. (Brent Lewis, The Denver Post)

If there's one thing Colorado aerospace proponents like, it's talking about where the state ranks in the national aerospace race.

But all statistics, data and wonkery aside, the state had a huge win last week with the launch of the NASA Orion mission, Air Force Space Command commander Gen. John E. Hyten said.

"Look how excited kids were. Look how excited the American people were," Hyten said. "It was on the front page of every newspaper. It was live on TV. It was exactly what the space business is supposed to do for this nation."

Hyten's keynote address Wednesday during the Colorado Space Roundup, at the Denver Museum of Nature & Science, echoed many other comments from the day's panel discussions and speeches: Space is really, really cool, and much of the future depends on getting people to see that.

Spectators gather at Pineda Beach Patrick Air Force Base to watch the liftoff of Orion from Cape Canaveral. (Tim Shortt, Florida Today)

But therein lies the issue, said Colorado Space Business Roundtable president Edgar Johansson, who explained that aerospace still has a major perception problem.

"This is an incredible time for space, and yet so many people outside this room never hear that message," he said. "So we have to tell everybody. We have to scream it from the rooftops that we have a space program and it's not just Colorado and it's not just America. It's the world."

So, about those statistics: Colorado is currently the No. 3 space economy in the nation, according to the Colorado Space Coalition.

The state has about 400 aerospace-related companies and about 170,000 aerospace-related jobs, the greatest per-capita rate of any state, according to data from the Metro Denver Economic Development Corporation.

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Colorado Space Roundup focuses eyes on top aerospace prize

Will The B/E Aerospace Spin-Off Fly Amid Falling Oil Prices?

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Early June, B/E Aerospace announced its intention to split into two independent, publicly traded companies, for manufacturing and services.

Upon separation,

* B/E Aerospace (the manufacturing company) will focus on aircraft cabin interior equipment - design, development, manufacturing, certification and direct sales on a global basis;

* KLX (the services company) will look after distribution, logistics and technical services for the aerospace and energy services markets.

The spin-off is expected to be in the form of a tax-free distribution to B/E's shareholders. The transaction is expected to reach completion in the first quarter of 2015.

KLX will begin trading under the ticker symbol KLXI on December 17, 2014.

The "New" B/E Aerospace

Segments

"New" B/E Aerospace will encompass two segments:

1. Commercial Aircraft Segment or CAS, a leading global manufacturer of cabin interior products for commercial airliners;

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Will The B/E Aerospace Spin-Off Fly Amid Falling Oil Prices?

Reducing Adhesive Bond Failure Modes in Aerospace Applications : 3M Aerospace – Video

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Reducing Adhesive Bond Failure Modes in Aerospace Applications : 3M Aerospace
In this 3M TechWeb webinar, Senior Aerospace Technical Specialist Andrew Marks will discuss how to reduce adhesive bond failure modes in Aerospace applications; with a a particular focus on...

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Reducing Adhesive Bond Failure Modes in Aerospace Applications : 3M Aerospace - Video

PRIDCO and Honeywell Break Ground for Construction of a New High-technology Laboratory

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Moca, PR Honeywell Aerospace executives joined members of the Commonwealth of Puerto Rico to break ground on the construction of a new research and development laboratory that the company will operate in the northern municipality of Moca. During the last months, Honeywell Aerospace has been working closely with the Puerto Rico Industrial Development Company (PRIDCO) to design and develop an electromagnetic interference (EMI) laboratory that will allow Honeywell Aerospace to test the electromagnetic compatibility in Honeywell Aerospace products.

The project that we build today and that should be completed by October 2015, will give Puerto Rico its first laboratory of aerospace technology. Honeywell Aerospace will use this center for research and development to test the effects ofelectromagnetic interference on its products. In other words, this isa key project that advances the position of Puerto Rico within the aerospace industry, said the governor Alejandro Garca Padilla during the groundbreaking event.

Puerto Rico has been chosen for this project given its competitive workforce, its compliance with all federal regulations related to defense activities and the economic incentives provided for manufacturing and export services activities, including those related to research and development. The project represents an important milestone for the growing Puerto Rico aerospace industry and the local economy overall, creating job opportunities for dozens of people and stimulating economic activity for several local contractors and suppliers.

This new state-of-the-art facility in Puerto Rico will enable Honeywell to expand our core competency in designing, developing and testing a wide range of advanced aerospace avionics and electric power technologies, said Bob Smith, Vice President of Engineering and Chief Technology Officer at Honeywell Aerospace. This move is a clear demonstration of Honeywells valued partnership with PRIDCO and the broader Puerto Rican community, and underscores our commitment to providing our customers with industry-leading aerospace solutions.

The construction timeline and related permits process of the 73,000 square-feet facility has already been completed and construction is expected to be done by October 2015. Honeywell Aerospace has also been successful in finding the right talent for these operations and continues to collaborate with local universities in the efforts to develop new talent.

At PRIDCO we are proud and excited to see how important projects, that were once conceived as major economic drivers in our industrial development roadmap, begin to bear fruit. Honeywell has been one of our key partners in the efforts of growing the aerospace segment in Puerto Rico and this groundbreaking marks an important milestone in our economic diversification strategy, added Antonio Medina Comas, executive director of PRIDCO.

This will be Honeywells second Aerospace site in Puerto Rico, complementing its already successful operation in Aguadilla. The parent company, Honeywell International, is a Fortune 100 company that invests and manufactures technologies to address challenges relates to energy efficiency, clean energy generation, safety and security, globalization and customer productivity.

About PRIDCO

Since 1942, the Puerto Rico Industrial Development Company (PRIDCO) has been committed to attracting investment and creating jobs for Puerto Rico. Operating as a government owned economic development organization; PRIDCO offers support to companies in areas such as aerospace, life sciences, information technology and electronics. For more information about PRIDCO please visit http://www.pridco.com. Follow us @FomentoPridco on Twitter or find us at facebook.com/PRIDCO.

About Honeywell Aerospace

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PRIDCO and Honeywell Break Ground for Construction of a New High-technology Laboratory

Aerospace company set to make $115M impact in Dillon County

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Dillon County, SC (WMBF) - An aerospace company is expected to make a $115 million economic impact in Dillon County. Wyman Gordan is expected to be up and running by next September.

The large titanium and super alloy manufacturer is moving into the Pee Dee to create 400 jobs, Gov. Nikki Haley announced Tuesday. This is a premier fortune company that we want to make sure stays that way, she said.

For Dillon, the move makes history as the largest job announcement ever made in the county.

The manufacturer is setting up shop inside of a spec building located just feet away from I-95, but it's also using about 60 acres to build an even bigger facility next to the 50,000 square foot building given to the company.

The 400 new jobs being created here over the next five years are expected to pay between 18 and 19 dollars and hour.

Vice-President Greg Paolini said move to the Pee Dee just made sense.

We'll be moving and building all new aerospace post forging operations in the region and the intent is to basically take a lot of the assets that either exist in other facilities and combine them into one location for efficiency and get closer to our customer base, Paolini said.

Construction is expected to be complete by September of next year and the company plans to begin hiring a few months before that facility is complete.

Company execs said they are glad to help provide jobs to people in the Pee Dee.

People around here are great people and with the right training and the help of the state to help us get the right training, I'm sure they will turn out to be the best employees in the state, Paolini said.

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Aerospace company set to make $115M impact in Dillon County


  1. Aerospace