Able Aerospace Services Earns $8.75M in U.S. Air Force Contracts

MESA, AZ (May 7, 2014) Able Aerospace Services, a leading MRO service and FAA-approved PMA parts provider, and one of the worlds largest helicopter repair facilities, has been awarded two five-year Indefinite Delivery Indefinite Quantity (IDIQ) contracts by Warner Robins Air Logistics Center (WR-ALC), located at Robbins Air Force Base in Warner Robins, Ga. Worth an estimated $8.75 million, the contracts engage Able to overhaul key dynamic drive train assemblies on the U.S. Air Forces fleet of Bell TH-1H helicopters.

These contracts demonstrate Ables extensive capabilities and global reputation for this type of work, said Able Aerospace Services Director of Business Development Mark McNatt. Able has the repair and in-house processing capacity to deliver the best possible product, in the best possible time frame, for the U.S. Air Force. Were honored that weve been selected for the opportunity.

WR-ALC has worldwide management responsibility for the repair, modification and overhaul of a variety of Air Force aircraft, including all Air Force helicopters. Under the new IDIQ contracts, Able will overhaul the entire dynamic drive train for a fleet of approximately 30 U.S. Air Force Bell TH-1H helicopters used primarily for training purposes.

These overhauls willinclude main transmission assembly, main input quill, tail rotor drive quill, generator drive quill, swashplate, scissor and sleeve, main rotor mast, main rotor hub, stabilizer bar, 42 degree gearbox and 90 degree gearbox.

According to McNatt, this category of contracts is a growing market for Able, particularly with Ables increased in-house capabilities thanks to a new $20 million, state-of-the-art facility.

About Able Aerospace Services

Able Aerospace Services is one of the worlds leading aerospace repair, overhaul, design and manufacturing facilities. The companys aftermarket business, Able Aerospace Inc., is a leading aftermarket supplier of FAA-approved PMA parts for fixed and rotor wing platforms, including Life Limited Parts (LLPs). Able combines more than 32 years of dynamic component repair and overhaul experience with a staff of 350 employees, including more than 30 engineers, and a large spares inventory. Ables mission is to safely reduce aircraft operating costs by providing resourceful component repair, overhaul and approved replacement parts solutions.

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Able Aerospace Services Earns $8.75M in U.S. Air Force Contracts

Britain's soaring aerospace industry must be nutured as it contributes 24bn to our economy annually

By Michael Fallon

Published: 16:28 EST, 11 May 2014 | Updated: 04:09 EST, 12 May 2014

The UK has the strongest and best aerospace industry in Europe. Every 2.5 seconds an aircraft takes off or lands powered by a Rolls-Royce engine. Half the worlds aeroplanes fly on Airbus wings designed and made in the UK.

Aerospace contributes 24billion to the economy every year, supports 3,000 companies and employs 230,000 workers across the UK. Three quarters of what we produce is exported.

I want to keep it that way. But as global competition hots up, we need to get smarter.

Michael Fallon: Aerospace contributes 24billion to the economy every year, supports 3,000 companies and employs 230,000 workers

That means government and industry must work together more effectively to get the best new ideas and products off the ground quickly and to give our employees the skills they need to master new technologies and more efficient ways of working.

This kind of long-term, collaborative approach has been second nature to our competitors for years; but previous governments quick to impose new taxes on businesses have failed to offer meaningful support to help UK firms get ahead of the game.

So this Government is making the largest commitment to civil aerospace research in a generation.

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Britain's soaring aerospace industry must be nutured as it contributes 24bn to our economy annually

‘Spring Storm’: NATO masses troops, hardware in Baltics to stage huge wargames – Video


#39;Spring Storm #39;: NATO masses troops, hardware in Baltics to stage huge wargames
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Baltic States Facing Russian Threat: Lithuanian president pushes for more NATO support – Video


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NATO shields Baltic States from Russian threat: new NATO air policing hub established in Estonia
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Extended Version! Drums of War, Ukraine,USA & NATO Mobilizing Thousands of Tanks & Amoured Vehicles! – Video


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Minera Panama S.A. and Petaquilla Minerals Limited Sign $60 Million Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2014) - (In United States dollars, except where noted otherwise)

Minera Panama ("MPSA") a subsidiary of First Quantum Minerals Ltd. ("First Quantum") (TSX:FM)(LSE:FQM) and Petaquilla Minerals Limited (TSX:PTQ) ("PTQ") today announced the execution of an amendment to the Commercial Agreement Term Sheet dated May 23, 2013 (" Second Amendment" ). MPSA is to pay PTQ up to $60 million for a transfer of a range of assets and property rights. The transaction ensures there will be a complete separation of the current operations of PTQ's Molejon Gold mine and the Cobre Panama copper project currently being developed by First Quantum.

$3.3 million is being paid on execution of the Second Amendment with an additional $46.7 million conditional on PTQ meeting specific deliverables before 6th July 2014. An additional $5 million is payable after one year conditional on certain approvals being granted with a final $5 million payable 30 days after the first ore shipment from the Cobre Panama project, provided PTQ has fulfilled all of the obligations and achieved all milestones as set out in the Second Amendment.

Key aspects of the Second Amendment include:

Execution of the Second Amendment ensures complete development and operational flexibility for the Cobre Panama project, provides MPSA ownership of all concession application areas surrounding the Molejon mining concession, and control of surface and access rights outside of the defined Molejon Gold mine area.

PTQ will continue the operations of the Molejon Gold production facility and Petaquilla Development Infrastructure will continue to operate its infrastructure within the Molejon Gold Project concession.

For further information visit our website at http://www.first-quantum.com.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President

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Minera Panama S.A. and Petaquilla Minerals Limited Sign $60 Million Agreement

Flawed argument I

Published: Saturday, May 10, 2014, 9:00p.m. Updated 15 hours ago

Former U.S. Supreme Court Justice John Paul Stevens' argument about fixing the Second Amendment ( Fix the 2nd Amendment with 5 words ) rests on false premises.

First is that Newtown and other killing sprees could be curbed by more gun laws. Cities where strict gun laws coincide with high murder rates contradict this.

Second is that state legislatures have a valid power to infringe the people's right to bear arms. No, because the Second Amendment, as applied to the states by the 14th Amendment, prohibits this.

The right of self-defense is an inherent human right that is not granted by government; it precedes government. The Second Amendment protects a right that exists by natural law.

Finally, the right of the people to arm themselves against tyrants cannot be regulated by the would-be tyrants. Notice that it is usually the party of big government that seeks to disarm the people.

Brad Tupi

Upper St. Clair

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

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Flawed argument I

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