Symtx expands in South Austin Oct 23, 2009
An Austin aerospace and defense technologies manufacturer has expanded its lease, growing by 35 percent to 43,688 square feet at the SouthPark Commerce Center in South Austin. Symtx, a subsidiary of AAI Corp., is a functional test systems manufacturer that is headquartered in Austin. (Austin Business Journal, TX)
Firan Technology Group Corporation (FTG) Announces a Renewal of a 3 Year HMI Award Enterprise Sourcing Agreement with Rockwell Collins Oct 22, 2009
FTG is an aerospace and defense electronics product and subsystem supplier to the North American marketplace. FTG has two operating units. (CCNMatthews Press Releases)
Goodrich facility honored Oct 22, 2009
Goodrich (NYSE:GR) is a global supplier of systems and services to the aerospace and defense markets. Mediacorp Canada is a publisher of employment-related periodicals and online directories. (Charlotte Business Journal, NC)
US scientist Stewart Nozette charged with trying to sell secrets to Israel Oct 21, 2009
That company has been identified in the Israeli press as Israel Aircraft Industries (IAI), which is owned by the Israeli government and is the country's largest aerospace and defense company. From November 1998 through January 2008, Nozette worked as a technical consultant for IAI, answering questions posed by the company once a month in return for payments totaling about $225,000 over a decade. (Christian Science Monitor -- World)
Report says Arizona suffers high-tech hit in the recession Oct 20, 2009
The report does not separate aerospace and defense, huge manufacturing sectors in Arizona. Those products are included in the other categories. (AZCentral -- News)
Int'l aerospace, defense exhibition to open in Seoul Oct 19, 2009
SEOUL, Oct. 19 (Xinhua) -- A biennial international aerospace and defense exhibition will kick off in Seoul on Tuesday. The Seoul International Aerospace and Defense Exhibition (ADEX) 2009, one of the largest arms exhibitions in Asia, will take place from Tuesday to Sunday at Seoul Airport in Seongnam, Gyeonggi Province, the South Korea's Air Force said Monday in a press release. (Xinhuanet, China)
State now in race to home-grow, recruit new jobs Oct 18, 2009
Arizona has growing clusters of employers in renewable energy, technology and semiconductors, bioscience, and aerospace and defense. And rival economic-development factions are starting to work together. (AZCentral -- News)
Goodrich inks pact with Rolls-Royce Oct 16, 2009
Goodrich (NYSE:GR) is a global supplier of systems and services to the aerospace and defense markets. United Kingdom-based Rolls-Royce is provider of power systems and services for industries that include civil aerospace, defense aerospace, marine and energy. (Charlotte Business Journal, NC)
Boeings Muilenburg eyes power grids Oct 14, 2009
Muilenburg, 45, who Jim Albaugh last month when Albaugh was named head of the commercial jet division, said he s speeding up plans to expand beyond aerospace and defense. Muilenburg about working on the nation s energy grid in with the St. Louis Business Journal the day he took the helm at. (St. Louis Business Journal, MO)
WSI announces leadership transition Oct 13, 2009
Monticello-based WSI (Nasdaq: WSCI) is a contract manufacturer that specializes in making complex, high-precision parts for a wide range of industries, including avionics, aerospace and defense, energy, recreational vehicles, computers, small engines, marine, bioscience and instrumentation. jvomhof@bizjournals. (Twin Cities Business Journal, MN)
Diverse firms, same winning ways Oct 11, 2009
Infoscitex, which was started in 2000, operates as a two-sided company, with one half working as a contract engineer on government projects, including in the areas of aerospace and defense. The other side develops commercial products, including a waste energy system that converts trash into electricity or heat. (Boston Globe)
Time right to enter India: US to its companies Oct 11, 2009
For the US companies, the agency has named civil nuclear energy as the biggest potential Indian export market segment, estimated at about 150 billion dollars, followed by areas like renewable energy, aerospace and defense, mining and coal, security, healthcare, retail and auto. "India is a free-market democracy with a legal and regulatory framework that rewards free enterprise, entrepreneurship and risk taking," according to a report compiled by Export. (India Times)
Giga-tronics Incorporated Enters Semiconductor Test Market With Integrated Switch Design Oct 9, 2009
Research and Development, production and calibration managers, scientists, engineers and technicians around the world use Giga-tronics test equipment and realize higher productivity and greater ease of use in many applications: ATE systems, aerospace and defense, communications and general microwave component test. URL. (Primezone Releases)
Mistras Group to offer 8.7 million shares, raising up to $139 million, at IPO Thursday Oct 8, 2009
In addition, Mistras provides nondestructive testing services for aerospace and defense, nuclear power, transportation, pharmaceuticals and food processing industries. Its customers include American Electric Power Inc., Bayer AG, Bechtel Corp., General Electric Co., Boeing Co. and Valero Energy Corp. and various federal, state and local agencies. (FOX61, CT)
Boeing Eyes Defense, Commercial Uses for Trailers Oct 7, 2009
The aerospace and defense company said it has been awarded a contract to build two of the trailers under the Joint Capability Technology Demonstration (JCTD) program, a U.S. initiative that speeds the development and delivery of certain military capabilities. The contract is expected to be announced this week. (ABC News -- Wire)
As fees rise, airlines test flyer limits Sep 22, 2009
No ones getting rich on these moves, said Richard Aboulafia, a vice president with the aerospace and defense analysis firm Teal Group. The International Air Transport Association is expecting airlines worldwide to lose $11 billion this year, and the trade group said the overall industry may not become profitable again until 2011 at the earliest. (MSNBC -- Travel)
Invention Machine Expands Innovation Software Line to Further Accelerate Sustainable Innovation Sep 22, 2009
Its unique software fuels sustainable innovation across numerous industries, including aerospace and defense, automotive, consumer technology, and. For additional information, please visit. (PR Newswire)
TechInsights' ESC UK Event Showcases Leading Companies and Technology Trends in the Electronics Industry Sep 18, 2009
For the first time, the event will take place in Farnborough due to its proximity to the UK's aerospace and defense industries, leading multinational OEMs in mobile communications and networks, and dozens of technology companies. Some of the largest and most influential tech companies have an onsite presence at ESC UK due to this strategic location. (PR Newswire)
Japan's First Unmanned Cargo Spacecraft Connects to Orbiting Space Station Sep 18, 2009
The new HTV launched by the new H2B rocket, could be considered the pinnacle of what the Japanese have done so far, said Lance Gatling, president of Nexial Research Inc., a Tokyo- based aerospace and defense consulting company. Most of the glamour is reserved for manned programs, but this is a complex mission. (Bloomberg -- Japan)
Aerospace, defense jobs outlook uncertain Sep 16, 2009
Aerospace and defense employment is facing an uncertain future, as the industries grapple with shifts in retirement eligibility, attrition among younger workers and weaker demand for products ... It found that 30,000 aerospace and defense jobs have been cut since June 1, which is 4 ... The report concluded that aerospace and defense companies are being strategic in their cuts, and that the downturn will be limited to a 10-percent reduction in work force, rather than the 40-percent reduction... (Dallas Business Journal, TX)
The Dumbest Investment I've Ever Seen Sep 16, 2009
Aerospace and defense. Medco (NYSE: MHS). (MSNBC -- Business)
Read the 'Cost of Freedom' recap Sep 15, 2009
Mike Maiello: iShares Dow Jones U.S. Aerospace and Defense ETF (). Jack Gage: Family Dollar Stores (). (Fox News)
Esterline names Lawrence as new CEO Sep 15, 2009
Aerospace and defense supplier on Monday named R. Bradley "Brad" Lawrence as its chief executive officer. Lawrence will also join the Bellevue-based company's board of directors. (Puget Sound Business Journal, WA)
5-Star Stocks Poised to Pop: Curtiss-Wright Sep 15, 2009
Based on the aggregated intelligence of 140,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, aerospace and defense company Curtiss-Wright (NYSE: CW) has earned a coveted five-star ranking ... Aerospace and defense ... Other Highly Rated Aerospace and Defense Stocks. (MSNBC -- Business)
Ad Council and U.S. Army to Launch National High School Dropout Prevention Campaign Sep 13, 2009
The scholarship is named in honor of Frank Lanza, a founder of L-3 Communications -- a global aerospace and defense company -- that produces $15 billion in annual revenues and employs over 66,000 people worldwide. The scholarship endowment is funded equally by L-3 Communications and Medical Education Technologies, Inc. (METI), the world's leading producer of medical simulation products and educational software for health care education. (Saint Louis Front Page)
Frost & Sullivan: Growth in Maritime Trade and Need for Enhanced Border Security Boost Prospects for Asia Pacific Maritime Security Market Sep 10, 2009
Frost van: Growth in Maritime Trade and Need for Enhanced Border Security Boost Prospects for Asia Pacific Maritime Security Market. Text hiding to spacing. (PR Newswire)
Albaughs Boeing to-do list: Restore confidence in 787 Sep 8, 2009
The problem is there have been so many surprises, so many disappointments, that Boeing still has an uphill battle in terms of re-establishing credibility on the 787, said Philip Finnegan, director of corporate analysis for the , which tracks the aerospace and defense industries. The management switch has broad implications for Washington, where Boeing employs more than 70,000 and is the backbone of an industry that supports more than 250 smaller aerospace companies, most in Snohomish and King... (Puget Sound Business Journal, WA)
JDSU Receives Global Roaming Quality Certification From the GSMA Sep 8, 2009
JDSU is also a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at. (PR Newswire)
Fund gives Inflexion $4M boost Sep 5, 2009
The fund is designed to increase the availability of capital for companies in strategic sectors such as life sciences, clean energy, homeland security, aerospace and defense, information technology, and advanced manufacturing. Inflexion Partners has offices in Tampa, Orlando and Gainesville, and launched its first fund in 2002, which funded nine early-stage companies in industries such as molecular diagnostics, new media, software and communications. (Tampa Bay Business Journal, FL)
Esterline Q3 earnings rise Sep 4, 2009
Esterline posted a very solid quarter, keeping us on pace with our full-year guidance despite continued uncertainty in the commercial airline industry, said Robert Cremin, CEO of the Bellevue-based aerospace and defense manufacturer, in a statement. Esterline (NYSE: ESL) provided full-year earnings guidance of between $3. (Puget Sound Business Journal, WA)
Bombardier Revolving Credit Line to Boost `Flexibility,' CreditSights Says Sep 4, 2009
The two-year unsecured facility is crucial as the Montreal-based company tries to reduce inventories and manage product-development risks amid a depressed market, , a CreditSights aerospace and defense analyst, said yesterday in a report. The aerospace sector can be expected to continue to face significant headwinds against the backdrop of a protracted economic recovery and continued weakness in the airline sector, the New York-based analyst said. (Bloomberg -- Canada)
BAE layoffs in Santa Clara Sep 3, 2009
From 2001 to 2008 , the bureau said, aerospace and defense employment in Silicon Valley increased nearly 50 percent to more than 12,000 persons, who earned about $123,000 a year on average. Now the layoffs at BAE and Lockheed suggest that more defense and aerospace firms in Silicon Valley may suffer job cuts. (San Francisco Chronicle -- Business)
Continuing Focus on Defense, Security & Aerospace, Plexus Receives FAR 145 Repair Station Certification Sep 3, 2009
This certification compliments Plexus' facilities that are already compliant to AS9100 and the National Aerospace and Defense Contractors Accreditation Program (Nadcap), by allowing Plexus to repair, and return to service, aircraft components ranging from individual circuit card assemblies to line replaceable units. Jim Anderson, Customer Management Vice President for the D/S/A Market Sector, commented, "Plexus is pleased to be a leading contract manufacturer of electronic products in the D/S/A... (PR Newswire)
Kenneth Knepper: Creative ideas for financial peace of mind Sep 1, 2009
These include tobacco, alcohol, aerospace and defense. Interestingly, they are less-affected during economic cycles, even though I ve heard many people say their 401(k)s have driven them to drink. (Belmont Citizen Herald, MA)
Frost & Sullivan Confers Supply Chain Management Product Quality Leadership of the Year Award on SAP AG Sep 1, 2009
More than 15,000 customers across all market segments rely on the SAP(R) Supply Chain Management (SAP SCM) application, including automotive, aerospace and defense, chemicals, consumer products, hi-tech, telecommunications, logistics, and oil and gas. SAP SCM is part of SAP(R) Business Suite software, which gives organizations the unique ability to perform essential business processes with modular software that is designed to work with other SAP and non-SAP software. (PR Newswire)
Firm's launch marks entrepreneur's return Aug 29, 2009
Valley entrepreneur and industrialist Dave Thompson has re-entered the aerospace and defense industries with a new company, , and a mission to bring smaller manufacturers into the supply chain. Thompson, who sold his original aerospace and defense firm to five years ago, announced he was going back into the business. (Phoenix Business Journal, AZ)
ATK's Solid Rocket Boosters Help Launch Space Shuttle Discovery Aug 29, 2009
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4. 8 billion. (PR Newswire)
Hilliard rates Sypris 'underperform' Aug 28, 2009
In a perfect world, Carpenter wrote, the company would be able to renew its debt to give the company breathing space so that it can take advantage of a rebound in the commercial vehicle market over the coming years and improved profits at the company s aerospace and defense unit. Sypris (NASDAQ: SYPR) opened at $1. (Louisville Business First, KY)
Astronics lowers '09 revenue forecast Aug 27, 2009
The East Aurora-based manufacturer of lighting, electrical power and automated test systems for the global aerospace and defense industries now anticipates full-year revenues to range between $190 million - $200 million, down from $200 million - $210 million, a reduction of about 5 percent. The company was informed Aug. 25 that it was not the recipient of the Marine Corp contract for a ground radio maintenance and test system, as had been expected. (Buffalo Business First, NY)
Heico 3Q Profit Falls as Air Travel Slumps Aug 27, 2009
Aerospace and defense company Heico Corp. said Wednesday its third-quarter earnings fell 13 percent, hurt by the ongoing slump in passenger and cargo air traffic. The company earned $11. (ABC News -- Wire)
Judge approves $40 million Eclipse purchase Aug 21, 2009
Astronics Corporation (NASDAQ: ATRO), a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries, announced today that its subsidiary, Advanced Electronic Systems Corp. (AES), has signed contracts with two Asian commercial airlines totaling approximately $7. 4 million for its EMPOWER In-Seat Power Supply System (ISPS). (Fresno Bee -- Business)
DRS Milwaukee plant wins defense work Aug 18, 2009
The operations, once part of Milwaukee manufacturer Cutler-Hammer Inc., were known as the Eaton Navy Controls Division prior to its 2002 buyout by Parsippany, N.J.-based DRS is now owned by Italian aerospace and defense supplier. Reader Comments. (Milwaukee Business Journal, WI)
Corporate world turns to cash after credit freeze Aug 17, 2009
High-yield, high-risk companies such as Plainview, N.Y.-based Aeroflex Inc., a maker of testing gear for the aerospace and defense industries, were forced to delay or cancel bond sales. That month, the Federal Reserve cut the interest rate it charged banks. (Honolulu Advertiser)
Boeing 787 supplier halts production over fuselage flaws Aug 15, 2009
Alenia Aeronautica, a unit of Italy's aerospace and defense company Finmeccanica SpA, is supplying 14 percent of the fuselage of the 787. The company declined to comment. (Crain's Chicago Business)
* Taipei aerospace and defense show opens Aug 13, 2009
Taipei aerospace and defense show opens ... The event, sponsored by the Ministry of Economic Affairs, the Ministry of National Defense (MND) and the Ministry of Transportation and Communications, is one of the leading aerospace and defense shows in the Asia-Pacific region, the semi-official Taiwan External Trade Development Council (TAITRA) said. (Taipei Times, Taiwan -- Sports)
Aerojet Powers 15th Successful Standard Missile-3 Intercept Aug 11, 2009
Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments markets. GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale, and leasing of the company's excess real estate assets. (PR Newswire)
Mechanical Design Engineer-Mechanical Systems Aug 10, 2009
As an associate in RS&Hs Aerospace and Defense Program, the qualified candidate will work with other RS&H Engineers and Architects for design of facilities, infrastructure and equipment for military, aerospace and energy projects. Initial assignments will focus on rocket processing facilities, launch pads and ground support equipment for NASAs new Crew Exploration Vehicle - ARES, military rockets and commercial rockets. (Florida Today)
Pittsburgh-area Native and NASA Astronaut Commander Inspects Latrobe Specialty Steel's Production of Space-worthy Alloy Aug 9, 2009
Latrobe Specialty Steel, headquartered in Latrobe, PA, has been in continual business in the same location since 1913 and supplying the aerospace and defense sectors since 1958. The firm employs approximately 800 people. (PR Newswire)
Firm targets new areas Aug 4, 2009
But VersaTool had an ace up its sleeve with new owner David Evans, who has spent two decades in the aerospace and defense industries, doing sales and marketing. As such, he already has the contacts and know-how to get the ball rolling in the lucrative, but difficult-to-navigate world of defense work. (Dayton Business Journal, OH)
Ducommun 2nd-Q earnings fall 21% Aug 4, 2009
Profits dropped 21 percent in the second quarter at , an aerospace and defense manufacturing company with an operation in Coxsackie, N.Y.. California-based Ducommun (NYSE: DCO) said second-quarter net income totaled $4. (Albany Business Review, NY)
Aerojet and NEC Collaborate to Explore Low Power Ion Propulsion Systems for Satellites Aug 3, 2009
"Aerojet is a leading supplier of satellite propulsion systems in the United States and has broad experience and technical capabilities with satellite propulsion systems," said Kunio Kondo, senior general manager, Aerospace and Defense Operations Unit, NEC Corporation ... Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments markets ... GenCorp is a leading technology-based manufacturer of aerospace and defense... (JCN Network, Japan)
Arizona manufacturing at a crossroads Aug 2, 2009
There are large semiconductor, aerospace and defense companies such as Intel Corp. in Chandler, Raytheon Co. in Tucson and Boeing Co. in Mesa. Also, there is Karsten Manufacturing Corp., which makes Ping golf clubs; W.L. Gore iates in Flagstaff and Medtronic in Tempe, medical devices; Cavco Industries Inc. in Phoenix, manufactured homes; Inventure Group Inc., also of Phoenix, Poore Brothers potato chips, and Frito-Lay, which makes snacks in Casa Grande. (AZCentral -- Business)
A midsummer tale of two Chinese spies Jul 30, 2009
"It is unquestioned that the PRC along with other states - some of which are allies of the US - have had a long history of espionage in the US aerospace and defense industry. In some cases this espionage was aimed at economic advantages, in others military capabilities, and in many cases both. So it is likely that the Continued 1 (Jul 8, '09) (Jan 22, '09) (Nov 20, '08) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. (24 hours to 11:59pm ET,July 28, 2009) All material on this website is copyright and may not be... (Asia Times Online)
American Pacific to Release Financial Results and Hold Fiscal 2009 Third Quarter Investor Teleconference Jul 29, 2009
For the aerospace and defense industry we provide specialty chemicals used in solid rocket motors for space launch and military missiles. AMPAC also designs and manufactures liquid propulsion systems, valves and structures for space and missile defense applications. (PR Newswire)
Presidential panel considers flying shuttles through 2014 Jul 29, 2009
"We're finding it a daunting task," said Augustine, former chairman and chief executive officer of aerospace and defense giant Lockheed Martin. Meeting in League City, Texas, near NASA's Johnson Space Center, the panel was briefed Tuesday on options for the future of NASA's shuttle fleet and the International Space Station. (Florida Today)
GenCorp hires new treasurer Jul 28, 2009
He replaces William Lau who joined the aerospace and defense contractor in April 2007. Lau left GenCorp (NYSE: GY) to pursue other interests, the company said in a statement. (Sacramento Business Journal, CA)
Lost: America's Industrial Base Jul 24, 2009
Not because the aerospace industrial base has been reduced to a state that is not recoverable, but because the decisions being made in the Department have not considered the impact on the aerospace and defense industry that the Department depends on. Particularly, troubling is that the Quadrennial Defense Review (QDR) has not considered in the past and is currently continuing to ignore the consequences of what it is recommending on the U. S. aerospace and defense industrial base ... It is a very... (Human Events Online)
Ericsson profits drop 56 pct in 2nd quarter Jul 24, 2009
Second-quarter profits at Swedish aerospace and defense group Saab AB dropped 14 percent due to weaker demand, project delays and order cancellations, the company said Friday. The figures were not as bad as expected, however, causing shares to rally. (Fresno Bee -- Business)
Inside Wall Street Jul 24, 2009
While Esterline Technologies () is a global supplier of vital products to the huge aerospace and defense markets, it's hardly a household name or a favorite of investors. But to some pros, it's a timely technology play that has yet to catch up with the rising tech stars. (BusinessWeek)
Senate heads toward vote on F-22 jets Jul 21, 2009
Lawmakers from states that would benefit from manufacturing the jets want the money pumped into the aerospace and defense industries. Defense Secretary Robert Gates counters that the money would be better spent on assuring that the military has the tools it needs to fight the unconventional wars taking place in Iraq and Afghanistan. (Albany Times Union)
Fitch affirms Goodrich rating Jul 15, 2009
Fitch says the rating reflects the Charlotte-based aerospace and defense supplier s diversified customer base, a balanced mix between original equipment manufacturing and aftermarket sales, high defense spending, strong operating margins and healthy free-cash flow. The commercial aerospace industry faces challenges this year and next, but Fitch says it believes Goodrich s (NYSE:GR) credit metrics and liquidity provide it with the strength to meet those challenges. (Charlotte Business Journal, NC)
Aerospace and Defense: An S&P Ratings Report Card Jul 13, 2009
Aerospace and Defense: An S&P Ratings Report Card - BusinessWeek ... Aerospace and Defense: An S&P Ratings Report Card. (BusinessWeek)
Analyst predicts more Boeing 787 delays Jul 8, 2009
Complications involved in calculating and testing a new design to fix structural problems discovered on the eve of first flight last month means Boeing is not expected to announce a new production and testing schedule when it issues earnings results for the second quarter on July 22, according to a report by Peter Arment, aerospace and defense analyst for Broadpoint AmTech, a research firm in Greenwich, Conn. Also Tuesday, Boeing announced final agreement to buy, for $580 million, the 787... (Crain's Chicago Business)
High-tech day-care verification debuts Jul 4, 2009
The technology isn't vital to the former automaker's current business of making turbines for the aerospace and defense industries, but the British company still wanted to exploit its engineers' creations. The ASU team thinks that by integrating the signature device with a touch screen and a printer, it will make life easier for parents and staffers at day-care centers. (AZCentral -- Business)
Goodrich wins Bombardier contract Jul 1, 2009
Charlotte-based Goodrich (NYSE:GR) is a global supplier of systems and services to the aerospace and defense industries. Bombardier, based in Montreal, manufactures business jets, regional aircraft, rail transportation equipment and motorized recreational products. (Charlotte Business Journal, NC)
