Aerospace Industry

News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.

June 17, 2007 - 12:31am

In a nod to increasing concerns about the environmental impact of aircraft, CFM International has successfully tested one of its engines fueled by a mix of biofuel and normal Jet-A1 kerosene.The company said the target is for a 20-percent reduction in carbon dioxide emissions.

June 16, 2007 - 10:54pm

Some three weeks after closing negotiations to buy defense logistics contractor Dimensions International, Honeywell Defense and Space president Ed Wheeler prepared to travel to Paris “feeling good” about the company’s position, notwithstanding the tumultuous political environment in the U.S. “We don’t expect to see great upsets in budgets and whatnot, certainly not as long as troops are in harm’s way,” Wheeler said.

June 14, 2007 - 6:34am

In Dubai, the temperature never gets anywhere close to freezing but that hasn’t stopped the Arabian Gulf state from building an artificial ski slope. As the emirate has sought to re-invent itself as a center for tourism and commerce to ensure its economic future as oil revenues dwindle, projects like this have earned it a reputation for money-no-object spending. So why shouldn’t it add an aerospace industry to its wish list?

June 13, 2007 - 12:12pm

Does the recent sale of its Inertial Products business signal a round of sell-offs by BAE Systems? A statement accompanying the move noted that the company’s strategy is to expand as a developer and integrator of systems and “de-emphasize its role as a components provider.” 

June 13, 2007 - 12:06pm

A sustained program of corporate integration and investment in manufacturing and customer support is giving Meggitt greater focus and a more strategic position in the aerospace and defense markets. The UK-based group has long had a reputation for market-leading technology, but has arguably not fully exploited the synergies among its diverse product groups.

June 12, 2007 - 11:45am

Britain’s GKN Aerospace has signaled its intention to bid for stakes in one or more of the Airbus factories now being put up for acquisition or partnership under the troubled European airframer’s Power8 restructuring plan. The strategic acquisition could play a key part in GKN’s ambition to more than double its annual revenues to reach $4.2 billion by 2016.

June 11, 2007 - 9:43am

French aerospace equipment maker Zodiac is selling its marine business to boost its aerospace activity. This process may see it taking over one of the three European factories for which Airbus is seeking partnership arrangements under its Power8 reorganization plan. With the same goal in mind, Zodiac has strengthened the family-owned group’s senior management team.

May 9, 2007 - 11:17am

Dassault is increasingly using tactile virtual reality (VR) to design its Falcon business jets. Haptic (from the Greek for sense of touch) interfaces, such as force-feedback arms, allow engineers to better check maintainability early in the design phase. Along with several partners, the French manufacturer (Booth No. 7514) is integrating these tools into its Catia v5 product lifecycle management (PLM) suite of software programs.

May 9, 2007 - 11:01am

Demand for new business aircraft in Europe is riding high on a wave of economic growth that is particularly strong in the former communist eastern states. The market is being fanned by the bolstered buying power of customers paying in euros and British pounds as the U.S. dollar continues to languish on international currency exchanges.

May 4, 2007 - 11:50am

The European Business Aviation Association (EBAA) has never had more work on its plate and the industry has never had a greater need for the group’s lobbying efforts on its behalf. This was the headline message from EBAA chief executive Brian Humphries as the 2007 European Business Aviation Convention & Exhibition (EBACE) prepared to open.

 
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