Colorado incentive package brings 500 new aerospace jobs to Lockheed Martin

Lockheed Martin is pledging to create as many as 500 new high-paying aerospace jobs in Colorado over eight years in exchange for up to $15.5 million in state job-growth tax incentives.

The jobs, which carry an average annual salary of $113,000, are part of Lockheed's Commercial Space division, which moved to the company's Waterton Canyon campus in Jefferson County from Pennsylvania this year. The company is set to open a new commercial space operations center there Wednesday.

An artist's rendering of the Jabiru-1, a Lockheed Martin A2100-based satellite being built for Australia. Lockheed Martin's new operations center has the capability to serve as mission control for up to 50 orbiting satellites. (Lockheed Martin)

The Commercial Space division builds and manages Lockheed's commercial A2100 communications satellites and LM900 imaging satellites used for cellphones, TV and planetary imaging. Additionally, the new operations center has the capability to serve as mission control for up to 50 orbiting satellites.

"We're going to be doing hiring for positions that will support ongoing programs or new programs as we win them, so the incentive will help us as we look to build our workforce to meet the needs of the future," said division head Mike Hamel.

Bringing the commercial work to the same campus that also houses Lockheed's military space and civil interplanetary exploration missions such as the NASA Mars MAVEN mission and the NOAA GOES-R weather satellite allows Lockheed to cross-utilize its workforce for design, manufacturing and testing. That "one-stop shop" capability, along with the cost savings provided by the credits, gives the company and the state a competitive advantage when bidding on jobs, Hamel said.

"Our ability to compete against both U.S. manufacturers, as well as international manufacturers, depends on very short schedules and very price-competitive satellite development," Hamel said. "The more we can do to attract a high-quality, highly skilled workforce and to be very competitive from a price standpoint, is going to be critical."

The incentive package was approved in September by the Colorado Office of Economic Development under the cloaked name of " Project Blue." The secrecy was necessary while the company considered offers from other states, but Colorado won in the end, said Colorado OED director Ken Lund.

"We find in most industries that Colorado is very competitive from a cost standpoint, and we have a very highly educated workforce here," Lund said. "Companies are always monetizing the cost of doing business, and this incentive is going to moderate the cost of doing business."

Douglas Ray, left, and David Welch assemble a one-tenth scale model of the A2100 satellite in the lobby of the new Lockheed headquarters. (Cyrus McCrimmon, The Denver Post)

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Colorado incentive package brings 500 new aerospace jobs to Lockheed Martin

Fagor Automation and DMS CNC Routers for Aerospace Machining Processes – Video


Fagor Automation and DMS CNC Routers for Aerospace Machining Processes
This video was presented by Fagor Automation, a division of Mondragon, the largest cooperative in the world at IMTS 2014. Fagor Automation is a strategic international partner of Diversified...

By: Diversified Machine Systems (DMS)

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Fagor Automation and DMS CNC Routers for Aerospace Machining Processes - Video

Vector Aerospace Signs Engine Services Agreement with Solenta Aviation Group

Toronto, ON Vector Aerospace Corporation (www.vectoraerospace.com), a global independent provider of aviation maintenance, repair and overhaul (MRO) services is pleased to announce that Vector Aerospace Engine Services-Atlantic Inc. (ES-A) and the Solenta Aviation wider group of companies, based in Johannesburg, South Africa have signed a new three-year engine services agreement.

As per the terms of the three-year agreement, ES-A will provide comprehensive fixed-wing aircraft engine maintenance, repair and overhaul services to the Solenta Aviation Groups turboprop engine fleet from its facilities in Summerside, Prince Edward Island, Canada; Johannesburg, South Africa; and Nairobi, Kenya.

Our relationship with Vector Aerospace goes back many years," says Mark Hurst, Group Managing Director. "With their support, we have grown our fleet of aircraft extensively over the past ten years and their tremendous customer focus and competitiveness is what differentiates Vector Aerospace from their competitors. They have managed to maintain a hands on, personal relationship with us, despite becoming part of a much bigger group themselves. Our belief is that in the aviation industry, your supply chain is as important as your customer base, and Vector Aerospace is one supplier that has become an integral part of delivering our own service offering to our global customers.

Following nearly a decade of providing consistent MRO support for the Solenta Aviation Groups' turbo-prop engine fleet throughout Africa and other territories, we are very pleased to be signing this new 3-year contract," says Jeff Poirier, president of ES-A. "Both ES-A and the Solenta Aviation Group have enjoyed significant and successful growth in the African continent over the last 10 years, and we have complimented each other well in the process.We look forward to further enhancing our relationship with the Solenta Aviation Group over the next 3 years."

Specific terms of the engine services agreement include engine repair, hot section inspections, testing, modifications, overhaul services and parts distribution (PT6A only) on the PT6A and PW100 series aircraft gas turbine engines.

Vector Aerospace holds approvals from some of the world's leading turbine engine, airframe and avionics OEMs. Engine products supported include a wide range of General Electric, Honeywell, Pratt & Whitney Canada, Rolls-Royce and Turbomeca, (all engine lines including complete test capability). Vector Aerospace also provides support for a wide range of airframes from Airbus Helicopters, AgustaWestland, Boeing, and Sikorsky, including major inspections and dynamic component overhaul, and offers full-service avionics capability, including complete aircraft rewire plus glass cockpit engineering, development and integration.

About Vector Aerospace

Vector Aerospace is a global provider of aviation maintenance, repair and overhaul (MRO) services. Through facilities in Canada, the United States, the United Kingdom, France, Australia, South Africa and Kenya, Vector Aerospace provides services to commercial and military customers for gas turbine engines, components and helicopter airframes. Vectors customer-focused team includes over 2,700 motivated employees.

More information can be found on the companys website at http://www.vectoraerospace.com.

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Vector Aerospace Signs Engine Services Agreement with Solenta Aviation Group

Rockford Area Aerospace Network to Attend NBAA Show

October 16, 2014, ROCKFORD, ILLINOIS The Rockford Area Aerospace Network (RAAN) will be attending and exhibiting at the National Business Aviation Association (NBAA) 2014 Business Aviation Convention and Exhibition October 21-23 in Orlando, Florida. RAAN, along with several local companies, will be in booth #4835 to pursue new growth opportunities and attract businesses to Mid-Americas best international aerospace community, Rockford, IL.

With more than 200 aerospace companies in the Rockford region, our strength is the presence of diverse companies at all levels of the supply chain, said Carrie Zethmayr, Executive Director Trade & Investment with RAAN. Exhibiting at the NBAA brings awareness of our regions aerospace assets and highlights the outstanding resources available to aerospace companies in this area.

With over 26,000 attendees, NBAA is the fourth largest tradeshow in the United States and showcases the latest products and services in the aviation industry. This event provides RAAN access to major decision makers in the aerospace and aviation community. RAAN leaders will highlight the regions global access as part of the worlds third largest multi-modal port system, talented workforce, business-friendly community and available land for development. The Rockford Region is gaining momentum in the aerospace and aviation industry both nationally and internationally.

RAAN members, Advanced Heat Treating, Ingenium Technologies and Kaney Group will also attend the conference helping to demonstrate the collaborative nature of the Rockford region and pursuing new business opportunities.

NBAA is the perfect environment for RAAN to promote Rockford and its unique capabilities to accommodate many areas of aerospace development and educational opportunities, said Jeff Kaney of the Kaney Group. The regions rate of manufacturing employment is twice the national average, with more than 80 percent of Illinois aerospace workforce and several aerospace training programs located in the Rockford area providing potential companies with a built in workforce and high level of expertise in the industry.

ABOUT THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL

The primary role of the Rockford Area Economic Development Council is to collaboratively enhance wealth creation in the Rockford Region by helping employers retain and create quality jobs while promoting the region. The RAEDC works closely with many partners to learn what existing and new employers need to grow and to serve as a one-stop resource for clients. The RAEDC seeks to improve the competitiveness of the region by taking what it learns from the regions employers and engaging the community in the daily work of economic development to improve the competitiveness of the region. The organization was recognized by Expansion Solutions magazine with a 2012 Top Five award for its exceptional progress and potential for development in the Aerospace/Defense category.

ABOUT THE ROCKFORD AREA AEROSPACE NETWORK

RAAN (Rockford Area Aerospace Network) is a committee of the Rockford Area Economic Development Council (RAEDC) and offers a platform for collaboration among local aerospace companies and institutions that serve the industry. RAAN serves as the forum where the Rockford Regions aerospace industry cluster development strategy is advanced on an on-going basis. RAAN is supported by the Jobs and Innovation Accelerator Challenge and the Economic Development Administration of the Department of Commerce. The Challenge leverages existing resources from 16 federal agencies and award funds to regions that demonstrate the existence of high-growth industries that support a wide range of economic and workforce development activities.

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Rockford Area Aerospace Network to Attend NBAA Show

DART Aerospace Expands Its Coverage in Europe

Hawkesbury (October 15, 2014) DART Aerospace is proud to announce a new non-exclusive partnership agreement with Heliswiss Iberica (HI), a company based in Barcelona, Spain. HI will be a non-exclusive distributor for DART and will market DART products in Europe.

Therefore, DART is expanding its coverage and facilitating the access to its product lines to Spain, Portugal and Western Europe. HI will be maintaining a local inventory of DART product lines that will serve HIs immediate needs, but will also be available to support other DART customers in Europe. HI will offer the full DART portfolio of products including landing gear, flotation equipment, cargo expansion and many other products. This expanding collaboration will continue to strengthen DARTs position and customer focus in the European market.

Meet DARTs new authorized distributor and discover some exclusive products at stand #G60 at the Helitech International show held in Amsterdam, October 14-16, 2014.

ABOUT DART AEROSPACE:

DART Aerospace is Mission Ready. A privately held aerospace company, we provide industry-leading design, manufacturing and market-certified solutions for the helicopter and aerospace industry. With an impressive line-up of over 700 STCs and 5,000 products, DART offers a comprehensive portfolio of: aftermarket products, accessories, spare parts and tools for civil and military operators, all major rotorcraft OEMs, completion centers and MR&O facilities. DARTs key products include: flotation systems, landing gear, interior and exterior accessories, cargo expansion, external loads, cable cutters and filters. All this, in addition to extensive engineering capabilities and manufacturing centers delivering fast time-to-market solutions with superior customer support in over 120 countries worldwide.

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DART Aerospace Expands Its Coverage in Europe

Vector Aerospace Signs Contract to Supply Royal Thai Air Force with Engine and Component Parts

Richmond, BC Vector Aerospace Corporation (Vector Aerospace http://www.vectoraerospace.com), a global independent provider of aviation maintenance, repair and overhaul (MRO) services, is pleased to announce that Vector Aerospace Helicopter Services North America (HS-NA) has signed an agreement with the Royal Thailand Air Force (RTAF) to provide PT6T engine accessories including fuel control units and governors and combining gearboxes for the RTAFs fleet of Bell 412 aircraft. The agreement runs over the next 12 months, with automatic contract renewals subject to meeting certain performance requirements.

HS-NA has a comprehensive parts supply and cannibalization program that is continually expanding, states Chris McDowell, vice president, sales and marketing at HS-NA. Our agreement with the RTAF is a great example of how HS-NA can supply a variety of engine and component parts and accessories to civil and military customers across the world. HS-NA is proud of its long standing relationship with the RTAF and has supported the RTAFs fleet of Bell 412 aircraft and PT6T Twin-Pac engines for many years providing engine and engine accessory repairs and overhauls.

Vector understands our needs in terms of prompt service and quality, states Group Captain Pattama Suthisornyotin, Deputy Chief of Staff (1) at Directorate of Aeronautical Engineering, Royal Thai Air Force. We are happy to sign HS-NA as our supplier of PT6T engine accessories and related parts in order to support the RTAFs fleet of PT6T engines installed on our Bell 412 helicopters.

HS-NA holds approvals from some of the world's leading turbine engine, airframe and avionics OEMs. Engine products supported include a wide range of General Electric, Honeywell, Pratt & Whitney Canada, Rolls-Royce and Turbomeca, (all engine lines including complete test capability). HS-NA also provides support for a wide range of Bell, Sikorsky, and Airbus Helicopters airframes including major inspections and dynamic component overhaul, full service avionics capability including complete aircraft rewire, plus glass cockpit engineering, development and integration.

About Vector Aerospace

Vector Aerospace is a global provider of aviation maintenance, repair and overhaul (MRO) services. Through facilities in Canada, the United States, the United Kingdom, France, Australia, South Africa, and Kenya, Vector Aerospace provides services to commercial and military customers for gas turbine engines, components and helicopter airframes. Vectors customer-focused team includes over 2,700 motivated employees.

About the Royal Thai Air Force

The mission of the Royal Thai Air Force is to prepare and employ air power in defense of the Kingdom of Thailand. The RTAF will employ specific air power to maintain nation security pertaining to different type of threat confronted such as outside military intervention, border conflicts and in-country terrorism. The Royal Thai Air Force takes part in promoting friendly relationship and cooperation among the countries of this region. The cooperation training, exercises, logistics and Exchange Visit Programs are both bilateral and multilateral.

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Vector Aerospace Signs Contract to Supply Royal Thai Air Force with Engine and Component Parts

Freight Matters: Washington Aerospace Workers Ship and Receive Parts and Products Everyday – Video


Freight Matters: Washington Aerospace Workers Ship and Receive Parts and Products Everyday
Orion Industries Aerospace Manufacturing has shipped precision metal products to the aerospace, defense, automotive, medical and marine industries since 1957. What do their work teams need...

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Freight Matters: Washington Aerospace Workers Ship and Receive Parts and Products Everyday - Video

B/E Aerospace (BEAV) Earnings Report: Q3 2014 Conference Call Transcript

The following B/E Aerospace (BEAV) conference call took place on October 22, 2014, 08:00 AM ET. This is a transcript of that earnings call:

Company Participants

Other Participants

I would now like to introduce B/E Aerospace's Vice President of Investor Relations, Greg Powell. Mr. Powell, you may begin your conference. Greg Powell (VP of IR): Thank you, Candace. Good morning, and thank you for joining us this morning. Today, we are here to discuss our financial results for the third quarter ended September 30, 2014. By now, you should have received a copy of the news release we issued earlier this morning. If you haven't received it, you'll find a copy on our website. We will begin with remarks from Amin Khoury, our Founder, Chairman, and Co-Chief Executive Officer of B/E Aerospace, and then we will take your questions. For today's call, we have prepared a few slides to help you follow our discussion. You can find our presentation on the Investor Relations page of the B/E Aerospace website at BEAerospace.com. In addition, copies of the slides will be posted on our website for your to refer to after our call. Joining us on the call this morning are Werner Lieberherr, President and Co-Chief Executive Officer, and Tom McCaffrey, Senior Vice President and Chief Financial Officer. As always, in our prepared remarks and our responses to your questions, we rely on the Safe Harbor exemptions under the various Securities Acts. And our Safe Harbor statements in the Company's filings with the Securities and Exchange Commission. We will address questions following our prepared remarks. At that time, Candace will provide instructions. Please limit your questions to no more than two at a time. And now, I will turn the call over to Amin Khoury. Amin Khoury (Founder, Chairman & Co-CEO): Thank you, Greg, and good morning, everyone. As we get started this morning, I'd like to briefly highlight a number of important third-quarter events, items, and accomplishments. First, I'm pleased to report our strong third-quarter 2014 operating results, exclusive of charges. Revenues were up 24%, adjusted operating earnings increased 26%, and adjusted earnings per share was up 63%. That would be 29% using a comparable effective tax rate. Second, on the marketing front, we reported our best ever awards and orders for the nine-month period for our Commercial Aircraft and Business Jet segments. Werner will share specifics relative to new awards and orders in a few minutes. And in fact, we'll report some wonderful news which we received earlier this morning. Third, our plans to spinoff KLX from B/E Aerospace are progressing ahead of earlier expectations. On August 29, we filed our Form 10 registration statement with the SEC, and on October 10, we filed the First Amendment relative thereto. Subject to customary conditions, we now expect to be able to affect the distribution of the shares of KLX to B/E Aerospace shareholders by the end of 2014. Fourth, I'm pleased to welcome Joe Lower as Vice President and Chief Financial Officer, and a member of our B/E Aerospace executive leadership team who will be working directly with Werner Lieberherr and me. Joe's strong financial background and deep knowledge of the aerospace industry, having been with Boeing over the last 12 years, will serve Joe well in his new role at B/E Aerospace. I'm also pleased to welcome Mike Senft as KLX Vice President, Chief Financial Officer, and Treasurer. Mike is a member of the KLX executive leadership team, and will be working directly with Tom McCaffrey and me. He has been a member of the B/E Aerospace Inc Board of Directors since February 2012, and, for more than 20 years, Mike has been a highly valued advisor to B/E Aerospace. Lastly, we announced this morning that we currently estimate that we will incur, during the second half of 2014, debt redemption costs of approximately $235 million, including the write-off of unamortized debt issue costs; approximately $43 million in legal, accounting and advisory costs; and approximately $67 million related to international tax initiatives. We also expect to incur business repositioning and separation costs of approximately $94 million.

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B/E Aerospace (BEAV) Earnings Report: Q3 2014 Conference Call Transcript

Chemtrail, German Aerospace Center flight LFO08A, Trondheim Norway, October 17 2014 11:48 AM CET – Video


Chemtrail, German Aerospace Center flight LFO08A, Trondheim Norway, October 17 2014 11:48 AM CET
You are now Breathing Ethylene Dibromide, Virally Mutated Molds, Nano-Particulates of Aluminum and Barium, and Polymer Fibers with Unidentified Bio-Active Ma...

By: Otto Lund

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Chemtrail, German Aerospace Center flight LFO08A, Trondheim Norway, October 17 2014 11:48 AM CET - Video

Anvil & Calzone Cases For Aerospace, Military, Scientific and Related Fields Display – Video


Anvil Calzone Cases For Aerospace, Military, Scientific and Related Fields Display
A brief pictorial on the sophisticated case designs that aerospace, military, scientific and other customers request the Anvil Calzone Case Company to build for their equipment.

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Anvil & Calzone Cases For Aerospace, Military, Scientific and Related Fields Display - Video

2014 Ocean Exchange – Gulfstream Aerospace Navigator Award Winner – Video


2014 Ocean Exchange - Gulfstream Aerospace Navigator Award Winner
This year #39;s $100000 Gulfstream Navigator Award 2014 was given to Okeanos Technology #39;s Water Chip, Desalination at the Speed of Light, a solid-state platform that uses a membrane free, micro-sca ...

By: The Ocean Exchange

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2014 Ocean Exchange - Gulfstream Aerospace Navigator Award Winner - Video