Industry News

IMTS Aerospace/Aeronautics Innovation Day - Sponsored by Aerospace Manufacturing and Design magazine
July 21 2008 - Save the date! Wednesday, September 10, 2008, Aerospace Manufacturing and Design will sponsor the Aerospace/Aeronautics Innovation Days presentation at the IMTS show in Chicago.

Valley Forge Composite Technologies Aerospace Subsidiary to Introduce Satellite Space Platforms to Major Aerospace Companies and Universities
July 17 2008 - Valley Forge Composite Technologies, Inc. announced the company's plans to introduce a cost effective satellite space platform/bus.

Raytheon Miniature Air Launched Decoy Set to Enter Low Rate Initial Production
July 17 2008 - MALD will help protect aviators during combat operations

METHODS NAMED EXCLUSIVE NORTH AMERICAN IMPORTER OF KIWA- JAPAN MACHINING CENTERS
July 16 2008 - Methods Machine Tools Inc., a supplier of innovative precision machine tools, has announced that they are the exclusive importer of KIWA- Japan Horizontal and Vertical Machining Centers throughout North America.

Hamilton Sundstrand Completes Acquisition of REVIMA APU from EADS Sogerma
July 16 2008 - Hamilton Sundstrand, a subsidiary of United Technologies Corp., has purchased the remaining 49 percent interest of REVIMA APU.

ATK, Lockheed Martin and Northrop Grumman Announce Teaming Agreement to Jointly Pursue Future Multi-Role Weapon Programs
July 16 2008 - Alliant Techsystems, Lockheed Martin and the Northrop Grumman Corporation announced that they have signed a teaming agreement to jointly pursue the emerging market for advanced capability multi-role weapons.

Pratt & Whitney Acquires Techspace Aero Military Aftermarket Services
July 15 2008 - Pratt & Whitney has acquired the military maintenance, repair and overhaul (MRO) business, to be named the Pratt & Whitney Belgium Engine Center, from Techspace Aero of Liege, Belgium, a majority owned company of Safran Group.

Boeing 787 Vice President Says Program is a Leap Forward on All Fronts
July 15 2008 - The Boeing Company is making steady progress on getting the 787 Dreamliner global production system up and running.

Northrop Grumman E-2D Advanced Hawkeye Achieves 125th Flight Milestone
July 15 2008 -

Sikorsky S-92(R) Helicopter Fleet Reaches 100,000 Flight Hour Milestone
July 14 2008 - Sikorsky Aircraft's S-92 helicopter fleet continues to perform at an impressive operational tempo with the fleet recently passing 100,000 total flight hours,

Axon Signs MRO Co-Development Agreement with SAP
July 14 2008 - Companies to Join Forces to Create Maintenance, Repair and Overhaul (MRO) Business Solution to improve maintenance engineering, planning and operations at aviation and aerospace companies

Machinists Union Wary on Tanker Rebid Rules
July 11 2008 - IAM is calling on Secretary of Defense to ensure the new round of bidding for the Air Force refueling tanker contract does not include any residual bias from the initial competition.

Ladish Acquires Aerex Manufacturing
July 11 2008 - The purchase price of Aerex was approximately $14 million, paid through a combination of cash and Ladish common stock.

Magellan Aerospace Wins Lockheed Martin Orion Contract
July 10 2008 - Magellan Aerospace has been awarded a contract to build the development heat shields for the Orion Space Shuttle replacement program by Lockheed Martin Space Systems Division in Denver, CO.

Aerospace Industry Flying Into Strong Turbulence Ahead
July 10 2008 - Aerospace Industry Flying Into Strong Turbulence Ahead, According to New AlixPartners Study

Boeing, EOS Electro Optical Systems, Evonik Industries and MCP HEK Tooling form Direct Manufacturing Research Center with the University of Paderborn
July 09 2008 - Boeing, EOS Electro Optical Systems, Evonik Industries and MCP HEK Tooling have joined with the University of Paderborn to form the Direct Manufacturing Research Center (DMRC).

The Robert E. Morris Company Involves More Than Machinery
July 08 2008 - Dedication to children with serious illnesses, sponsorship of Bradley Space and Aviation Day shows the true meaning of corporate giving.

Valley Forge Composite Technologies, Inc. Closes $500,000 Private Placement Financing
July 08 2008 - Valley Forge Composite Technologies announces the completion of a $500,000 private placement of an 8% senior convertible note and warrants to purchase up to 1,000,000 shares of the Company's common stock, with one institutional investor.

Control Test Vehicle-3 Flight Test Moves NLOS-LS Closer to Complete System Testing
July 07 2008 - NetFires LLC, a joint venture between Raytheon Company's Missile Systems business and Lockheed Martin Missiles and Fire Control, successfully launched another Non Line-of-Sight-Launch System Precision Attack Missile July 1.

Embraer Delivers 97 Jets and Sets Record in the First Semester
July 07 2008 - Firm order backlog increases to US$20.7 billion

Spirit AeroSystems Europe Win Airbus A350 XWB Contract for Wing Leading Edge
July 07 2008 - Also Announces 900 Million Pounds Sterling ($1.7 Billion) Extension to Existing Airbus Program.

Inertia Switch Receives Highest Level of Worldwide Aerospace Certification
July 03 2008 - The company has been awarded AS9100 B and ISO 9001:2000 Certifications from TￜV-SￜD America Inc.s Management Service Division.

Asia-Pacific Airlines Meet to Review Pratt & Whitney Geared Turbofan(TM) Engine
July 03 2008 - More than 180 representatives from airlines, leasing companies and aviation authorities from throughout the Asia-Pacific region gathered to review Pratt & Whitney's Geared Turbofan engine development.

NASA Considers Development of Student-Led Satellite Initiative
July 02 2008 - NASA is considering the development of a university-based, student-led satellite development initiative to begin passing the space exploration torch to a new generation.

ATK Receives $250 Million U.S. Air Force Sounding Rocket Contract
July 02 2008 - ATK Provides a Line-up of Solid Rocket Launch Vehicles

Elbit Vision Systems Wins Orders From two European and US Aerospace Manufacturers
July 02 2008 - Achieved Orders for Ultrasonic Inspection Systems Totaling $2.2 Million

Airbus Awards Multi-Million Dollar Contract to Flow International Corporation
June 30 2008 - Flow International Corporation announces that Airbus has awarded Flow all of its multi-million dollar contract to manufacture and install multiple Composite Machining Center (CMC) abrasive waterjet and routing machine tool systems.

Sandvik Coromant Offers New Tooling Solutions in 2008 Catalog
June 27 2008 - Sandvik Coromant recently released its 2008 Main Catalog, which offers more than 25,000 optimal solutions for turning, milling, drilling, boring and toolholding.

NASA Awards Information Management and Communications Support Contract
June 27 2008 - NASA has selected Abacus Technology Corporation of Chevy Chase, Md., to provide information management and communications support at NASA's Kennedy Space Center in Florida.

Another mission to Mars for REALI-SLIM bearings
June 25 2008 - The Phoenix Mars Lander that began scooping up samples of Martian soil June 4 depends on REALI-SLIM thin-section bearings to position its robotic arm for digging in the permafrost.