Companies listed on the New York Stock Exchange

November 18, 2013 - 2:15am

Lockheed Martin announced last Friday that it plans to close four facilities and reduce operations at a fifth, with the loss of 2,000 jobs. The closures affect the company’s Information Systems & Global Solutions (IS&GS); Mission Systems and Training (MST); and Space Systems business areas. A further 2,000 jobs in these business areas will be eliminated through “operational efficiency initiatives,” the company said.

October 24, 2013 - 6:40pm
Ascend Flight Manager app

Rockwell Collins (Booth No. 9806) announced at NBAA 2013 enhancements to its Ascend Flight Manager app for the iPad that enables performance-based fight planning and dynamic flight tracking for Regional Trip Support subscribers. The Ascend Flight Manager app is now available at the Apple App Store.

October 22, 2013 - 7:00pm

GE Aviation is aiming to expand its Business and General Aviation business to $1 billion in revenues by 2020 from the current $300 million level. This is already significantly up from the $150 million it turned over in 2008. Brad Mottier, vice president and general manager of the unit, said $1 billion has been the goal he has headed for since 2008. The challenge, he believes, is to right-size products from the larger GE Aviation into engine technology for business aircraft “that the market can afford.”

October 21, 2013 - 9:55pm
Just as he is the owner of the first Chinese-registered Legacy 650, action movie star and Embraer Executive Jets brand ambassador Jackie Chan was introduced yesterday as China launch customer of the 650’s smaller sibling, the Legacy 500, to be delivered in 2015.

Embraer Executive Jets is making a splash here in Las Vegas, having brought its entire industry-spanning product line to the static display, including its new Legacy 500, which is making its first North American show appearance, and the Lineage 1000E extended-range version of its fleet flagship, which is sporting the manufacturer’s new branded paint scheme.

October 18, 2013 - 11:05am

The F-35 Joint Program Office (JPO) halted the development of an alternate helmet-mounted display system (HMDS) for the Joint Strike Fighter, signaling the resolution of a potentially serious technical complication the program faced.

September 12, 2013 - 3:26pm

Embraer Executive Jets anticipates demand for 805 business jets over the next decade, according to its China Executive Aviation Market Outlook 2014-2023, released on Tuesday at the Chinese International Business Aviation Show in Shanghai. The outlook, which is based on “comprehensive studies of the country’s economic scenario,” added that large-cabin business jets represent about 51 percent of future demand, accounting for 78 percent of total value of deliveries.

September 11, 2013 - 10:05am

Dynamic Precision Group has signed an agreement to acquire eight aerospace component fabrication and machining facilities located at three sites in the U.S., Canada and the UK. The Stuart, Fla.-based company is an independent manufacturer of complex components, specializing in the hot section of turbine engines used in commercial and military aircraft and in industrial applications. All three facilities design, manufacture and integrate components and systems for aircraft engines and airframes from Unison Engine Components, a subsidiary of GE Aviation.

August 16, 2013 - 2:00pm

Prime Fraction Club, whose members buy shares in high-end boats and automobiles as well as aircraft, has added a new six-passenger AgustaWestland AW109 Grand to its fleet, which now features 10 helicopters. The pricing structure for the fractional ownership program offers one-quarter shares in an AW109S Grand at a buy-in cost of R$3.56 million ($1.55 million), in addition to a fixed monthly fee of R$34,724 ($15,074) for maintenance, hangar space and other costs.

August 12, 2013 - 12:00pm
Petrobras

While the name on the side of the refueling truck might say Air BP, BR Aviation or Shell, what’s inside it at any airport in Brazil all comes from the same source. All discussions of aviation fuel in the country must start with Petróleo Brasileiro (Petrobras), the national oil refiner of Brazil and the official supplier of Jet-A and avgas. Petrobras produces approximately 70 percent of the Jet-A used in the country and imports the remainder in its effort to supply the three major distributors.

August 1, 2013 - 3:50pm

Rockwell Collins president Kelly Ortberg has added the CEO title and was appointed to the company board’s executive committee. Ortberg succeeds Clay Jones, 64, who retired as CEO after nearly 34 years with the company. Jones will continue as non-executive chairman. Ortberg, who joined Rockwell Collins in 1987, became president in September. Previously, he served as executive vice president and COO of government systems. He also led the launch of the company’s Pro Line Fusion integrated avionics system.

 
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