EADS is going global, but not leaving its European roots behind. That message from the company’s management team reverberated this week as it forges ahead with restructuring efforts in a difficult economic climate.
ThyssenKrupp has merged Apollo Metals and Aviation Metals into its aerospace supply chain management business, thus giving it the capacity to offer global materials services ranging from “just-in-time delivery of processed metals” to “finished parts kitting,” the company said. Newly named ThyssenKrupp Aerospace employs 1,000 people at 30 service centers across the world.
Jet fuel prices are soaring, capital markets are drying up, Western economies at best are stalled and defense budgets are under threat as shrinking tax bases swell national debts to unsustainable levels. But you won’t find many prophets of doom among the top aerospace executives gathered here for the 2008 Farnborough International show.
The American Institute of Aeronautics and Astronautics (AIAA) has designated the FAA William J. Hughes Technical Center an AIAA Historic Aerospace Site for its pivotal role in creating the nation’s ATC system over the past 50 years.
Texas FBO Abilene Aero is doing better than it ever has in its 40-year history, according to president Joe Crawford. The biggest challenge for the company is not finding work but rather finding qualified technicians to provide maintenance on customer aircraft.
Northstar Aerospace (Hall 4 Stand C16b) recently won a value engineering achievement award from the U.S. Department of Defense for developing an innovative process to overhaul assembly covers for transmission housings used on the Boeing AH-64 Apache helicopter. The process is intended to save money, while also boosting mission capability.
Italy’s Finmeccanica agreed to acquire U.S. defense electronics group DRS Technologies a month before the U.S. Government Accountability Office announced its decision supporting Boeing’s appeal against the award of the KC-X military tanker contract to EADS/Northrop Grumman. It is questionable whether the GAO’s decision signals a wider U.S. intent to block foreign encroachment on the U.S. defense market.
European maintenance, repair and overhaul (MRO) service providers expect a downturn in air transport, and analysts say consolidation in the support market will likely result from this trend.
Several steps to add to the support structure for MU-2 operators were announced at NBAA 2002 by Mitsubishi Heavy Industries America’s aircraft products support division. These include appointment of Aero Air of Hillsboro, Ore., as an authorized Mitsubishi MU-2 service center, and Turbine Aircraft Components (TAC) of Addison, Texas, as exclusive distributor for a number of aircraft overhaul components.
The Aerospace Industries Association (AIA) said that increased exports of aerospace products in the final quarter of last year sent the aerospace industry’s positive trade balance into record territory, with a final tally of $60.4 billion.