Business

July 15, 2014 - 12:30am

Bombardier Aerospace announced orders and letters of intent (LOIs) valued in excess of $1.65 billion at the Farnborough Airshow yesterday, as well as the selection of an authorized training provider and details of its service and support program during its update on the in-development C-Series twinjet.

Meanwhile, with the issues regarding the recent engine fire reportedly identified and being addressed (see box), the Montreal-based company sees no further impediments to the CSeries entry into service in the second half of 2015.

July 15, 2014 - 12:25am

Established trends in predicted long-term jetliner requirements will likely continue with little change to the market breakdown by aircraft size, according to latest Boeing 20-year forecast statistics, which were unveiled in London on the eve of the 2014 Farnborough Airshow. Overall, the U.S.

July 15, 2014 - 12:15am

With its unmanned air vehicles having achieved more than 1.2 million operational flight hours and serving with more than 50 operators, IAI is one of the leading companies involved in this sector. Here at Farnborough International 2014 it is promoting a wide range of its UAVs, from the 10,230-pound Heron TP to the nine-pound vertical takeoff Ghost, along with related technologies such as advanced electro-optical, sigint (signals intelligence) and maritime patrol payloads.

July 15, 2014 - 12:05am

The International Consortium of Aeronautical Test Sites (ICATS) welcomed CATUAV Tech Center (CTC) in Barcelona as its fifth member here at the Farnborough International Airshow yesterday, adding Spain to the list of countries involved in the partnership. The other countries represented in the group include Canada, the U.S., the UK and France.

July 14, 2014 - 7:55am

The builder of 1900 Yak-52s in the Soviet era and now a growing MRO specialist and aerospace parts manufacturer, Aerostar has put Romania on the industry map. Despite its home base in Bacau being situated at the outer reaches of the European Union, and with Romania becoming a member of the EU only in 2007, the company has wasted no time in getting fully involved in European aerospace and modernizing its facilities, as AIN discovered on a visit just before the Farnborough Airshow.

July 14, 2014 - 7:25am
Europe’s Aerospace and Defence Industries Association (ASD) is comprised of 27 national associations and 16 major companies.

With an annual turnover of €186.8 billion (around $200 billion), which represents one percent of the European Union’s GDP, and employing more than 752,000 people, the European aerospace and defense industries play a key role in securing Europe’s future.

July 14, 2014 - 7:20am

Lord Corp. (Chalet A33) is here at the Farnborough show as it starts a major expansion push into Europe. At a pre-show briefing at the Royal Aeronautical Society in London the company unveiled a new “aerospace business growth strategy for Europe”–the main focus being the booming fixed-wing airliner sector, as Lord is already active in the helicopter industry in Europe, specializing in noise, vibration and motion-control technologies.

July 14, 2014 - 7:00am
Under a joint venture with Sikorsky, India’s Tata Advanced Systems, has produced, entirely locally, more than 70 S-92 cabins, one of which is flying for a customer in Brazil.

A slowdown in reforms in India over the past five years–and a virtual pause in procurement–may be about to change following renewed optimism and confidence as the new government shows, for the moment at least, that it is serious. As hectic activity takes place in the ministries of commerce, finance and defense, increasing manufacturing, exports and foreign direct investment (FDI) are focus areas of the new regime.

July 14, 2014 - 6:45am
Defense applications are now key programs for GKN. Here, a technician conducts an optical inspection of a canopy for the CTOL (conventional takeoff and landing) version of the Lockheed Martin F-35.

GKN Aerospace (Chalet G1) comes to Farnborough content in having achieved “a good set of results” in 2013 as it increased sales by 10 percent to £7.6 billion (around $10 billion). “It was a good year at GKN pretty much across the board–bar land systems,” said Kevin Cummings, CEO of GKN aerospace during a pre-airshow briefing.

July 14, 2014 - 6:30am
 Gifas president Marwan Lahoud is happy with the French industry’s performance but wants to avoid complacency.

French aerospace industry lobbying association Gifas (Hall 1 Stand A15) is foreseeing another excellent year in terms of revenue and orders. In an economy bombarded with bad news, France’s aerospace sector is often cited as an example. A thorn in its side, however, has been the euro/dollar currency exchange rate. Recruitment remains a tricky issue, too.

 
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