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LMI Aerospace has agreed to a buyout by the Belgian company Sonaca Group. The $190 million-dollar merge values LMI shares at $14 apiece, which is a 52% increase from the market closing price. It’s also a 78% increase from the weighted six-month average price. Based in St. Charles, LMI Aerospace supplies components and engineering services to commercial and government aerospace markets. It also fabricates kits and assemblies out of aluminum, alloy, and composite materials.
Learn MoreNASA’s Space Technology Mission Directorate (STMD is partnering up with US based companies in order to develop space technologies that will advance the commercial space sector far beyond what is currently projected. This announcement comes under the collaborative opportunity (ACO) solicitation which will provide technical expertise as well as testing facilities by NASA and the selected companies. This effort in order to mature technologies, aerospace hardware and software to enhance space systems including other closely related subsystems. Leveraging NASA’s unique engineering expertise and utilizing their state of the art testing facilities will propel the research and development of more reliable electronics and improve communications for in-space propulsion technology.
Learn MoreBibby Turboflex has been around for a long time. they have been known as a global leader since 1917. They have been very popular i in the field ever since then. Their strong point is that they develop reliable and safe power transmission solutions. They are all over many products and can simply be found everywhere. For example, they are found in grids, gears, pin and brush couplings. They have been known for being efficient and are always working hard to be efficient and to be able to offer customers the best products for the best values.
Learn MoreHoneywell’s obtains EASA certification for its new state of the art satellite system for communication and on board entertainment. This satellite system commonly known as the JetWave high speed hardware is to be equipped with Inmarsat GX Aviation, one of the best broadband network that provides service in the most distant areas across the globe.
Learn MoreAirbus Aircraft has been one of the most successful aircraft manufacturing companies, they have been recognized for their state of the art manufacturing capabilities and edge technologies. Their recognition has delivered them customers from all over the globe including military and government forces that depend on reliable equipment that will last them in the line of duty. Having said that, Norwegian’s subsidiary Arctic Aviation Ltd. has received their first order of an Airbus airplane, the Airbus320neo. This is not the only airplane that they will receive but instead this is the first airplane of an order of 70 aircrafts that have been requested by the Norwegian company. This has also been the first order of 12 aircrafts for the Hong Kong carrier HK Express, because there are business relationships between Arctic Aviation Assets Ltd (AAA) and HK Express.
Learn MoreThe UK Royal Air Force has decided to invest an approximate 1 billion dollars into their medium altitude long endurance division of aircrafts. They will put their moneys toward producing 16 Certifiable Predator B (CPB) airframes in addition to the production of their ground controls stations and sensors (GCS). Due to the price fluctuation of the armed Reaper UAVs from General Atomics Aeronautical Systems Inc. and other reasons the contact is still under review.
Learn MoreThe Italian Army has received a grant fund of 487 million dollars from the Italian Parliament’s Defense Committee to create a new helicopter which will replace the current 1980’s AW129 Mangusta attack helicopter. Agusta Helicopter's AW129 Mangusta was originally produced and designed by Agusta and holds the distinction as being the first attack helicopter to be wholly produced and designed in Europe. It entered service in the Italian Army back in 1990’s.
Learn MoreQingdoa has allegedly chosen to allow well known aviation company Pratt & Whitney to supply them with their Purepower geared turbofan (GTF) engine. With an order placed of 18 GTFs to be installed into their newly bought Airbus A320neo aircrafts. Per Pratt and Whitney, the GTF will,” reduce fuel consumption by 16% minimize regulated emissions by 50%, and lower noise by 75 %.” The GTF has been making a well-known name for its self already being implemented in 24 aircrafts in a total of 8 airlines worldwide.
Learn MoreGregory Polek wrote an article for AIN Online talking about how Airbus has been under a lot of heat in order to his 2016 delivery goals. It seems as if CFO Harald Wilhelm is having trouble with certain suppliers as he has having problems resolving issues. In order to meet the goal for A350 airplane goal, Airbus Group would need to delivery 24 more planes. As of October 26th 2016, the company already has plans of delivering in 50 more A350s by the end of the year. In total, this would bring Airbus to 670 airplanes by the end of the year.
Learn MoreThe Production of Bombardiers C series shipment has been delayed due to the delivery delays of the PW1500 geared turbofan produced by Pratt & Whitney. The Shipment commenced with a total of 15 C series to be shipped by the year and has slowly decreased to load of 7. Pratt & Whitney calls a “supply chain difficulty” as a leading reason for the delay but have not yet completely addressed the entire issue. They have agreed on to inform on the step by step of the completion of the order to any customer as they carry out the delivery process.
Learn MoreAirbus Group SE has just announced that they will combine all of its existing divisions into a single company sixteen years after it was initially formed. This represents a major step towards simplifying a business that is a major player in everything from jetliners to space launchers. Chief Executive Officer Tom Enders has made it his personal mission to cut costs and speed up the decision-making process within the company. The number two in the company is Fabrice Bregier who becomes the chief operating officer while also retaining his position as head or president of the main plane making unit which has since been renamed to Airbus Commercial Aircraft. Bregier will have oversight of the company’s entire portfolio as the chief operating officer which includes missiles, satellites, helicopters and defense electronics.
Learn MoreIndia and Russia are having talks about joining intelligence in the aerospace industry and they are agreeing to start a joint business in building the multitask Kamov-226 helicopter in India. This has been stated by the manufacturer Russian Helicopter to Reuters. The Russian President, Vladimir Putin has agreed to travel to India in order to speak with the Prime Minister Narendra Modi about future plans and investments, that are going to happen between the two countries. There has been constant communication between the two countries for months on end in regarding this joint deal of Helicopter Parts and Cargo.
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