Business

April 17, 2012

Business Briefs April 17, 2012


HEICO acquires Aerospace Electronics product line

HEICO reported April 16 that its Radiant Power Corp. subsidiary acquired the aerospace assets of Moritz Aerospace, Inc. in an all cash transaction.

Radiant is part of HEICO’s Electronic Technologies Group.

HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed.

The Moritz Aerospace product line, which was founded in 1994 and is currently located in Hatfield, Penn., designs and manufactures next generation wireless cabin control systems, solid state power distribution and management systems and fuel level sensing systems for business jets and for general aviation, as well as for the military/defense market segments.

The Moritz Aerospace product line is currently supported by approximately 20 people.

 

EMCORE awarded solar panel contract

EMCORE Corporation, a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, has been awarded a contract by Ball Aerospace & Technologies Corporation to design, manufacture, test and deliver solar panels for a new spacecraft.

The period of performance for this program is about 2 years, with a total contract value of nearly $6 million.

The solar panels delivered to BATC will be populated with EMCORE’s ZTJ multi-junction solar cells. The ZTJ is currently the highest performance space-grade solar cell available in volume production to the global market. Production of the solar cells and panels will take place at EMCORE’s state-of-the-art manufacturing facilities located in Albuquerque, N.M.

 

AAI Unmanned Aircraft Systems wins special ops contract

AAI Unmanned Aircraft Systems has won the competitive Mid-Endurance Unmanned Aircraft Systems II award from the U.S. Special Operations Command.

AAI is an operating unit of Textron Systems, a Textron Inc.

The three-year award, valued at just under $600 million, includes support operations using AAI’s Aerosonde® Small Unmanned Aircraft System. Total initial funding for these activities is $20 million.

The Aerosonde SUAS is a high-performance system that incorporates a heavy-fuel engine for superior endurance. The Aerosonde aircraft’s single electro-optic/infrared payload delivers day-and-night, persistent intelligence, surveillance and reconnaissance, while its large payload size, weight and power can accommodate another payload of choice for multi-mission flexibility. It utilizes AAI’s one-piece Launch and Recovery Trailer and the Expeditionary Ground Control Station for expeditionary land- and sea-based operations.

 

Boeing releases DataMaster 5.1

Boeing announced recently the release of DataMaster 5.1, an advanced version of its geospatial data tool that offers defense and Intelligence Community customers improved map, terrain and full-motion video management.

“Boeing is responding to the need of intelligence, surveillance and reconnaissance mission analysts to be able to create a structured ‘library’ where vast amounts of geospatial data can be catalogued, organized and quickly retrieved,” said Jonathan Moneymaker, director of Intelligence Systems Group for Boeing Information Solutions. “Using DataMaster 5.1 during a natural disaster, for example, an analyst could bring together video and imagery surveillance data to aid in damage assessment and identify areas where emergency-response resources may be needed.”

DataMaster 5.1 is available to new Boeing customers as well as to current customers with active DataMaster subscriptions.

DataMaster is a comprehensive suite of commercial-off-the-shelf products and capabilities from the Boeing Intelligence Systems Group that allows users to retrieve, convert and manage image and geospatial information from resources around the world.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines December 19, 2014

News: SpaceX’s attempt to land rocket on floating barge postponed - It’s set to be one of the most groundbreaking moments in humanity’s six decades of space exploration. Obama signs $1.1 trillion spending bill into law - President Obama signed the $1.1 trillion federal spending measure into law Dec. 16, officially ending any threat of a government...
 
 

News Briefs December 19, 2014

Trial set for ex-Navy engineer in military secrets case A former Navy civilian engineer is scheduled to stand trial next summer on charges of trying to steal aircraft carrier schematics. Media outlets report that 35-year-old Mostafa Awwad of Yorktown, Va., pleaded not guilty Dec. 17 to two counts of attempted exportation of defense articles and...
 
 
Army photograph by C. Todd Lopez

Army to launch cruise missile-detecting aerostat at Aberdeen Proving Ground

Army photograph by C. Todd Lopez The Army plans to launch an aerostat, part of the “Joint Land Attack Cruise Missile Defense Elevated Netted Sensor,” in late December 2014. The JLENS aerostat will be tethered to the...
 

 
Air Force photograph by SrA. Jordan Castelan

AF delivers Iraqi F-16s for training in US

Air Force photograph by SrA. Jordan Castelan Iraqi air force captain Hama conducts preflight inspections while inside a new to service Iraqi F-16 Fighting Falcon Dec. 17, 2014, located at the nearby Tucson International Airport...
 
 
Air Force photograph by SSgt. Derek VanHorn

Short-notice: A new way to exercise

Air Force photograph by SSgt. Derek VanHorn Airmen from Kadena Air Base, Japan, prepare for an aeromedical evacuation exercise on a KC-135 Stratotanker Dec. 5, 2014, at Misawa Air Base, Japan. The operation was executed in supp...
 
 
Lockheed Martin photograph by Andy Wolfe

Japan, Australia to provide F-35 maintenance sites in Pacific region

Lockheed Martin photograph by Andy Wolfe An F-35C Lightning II joint strike fighter carrier variant prepares to launch from the aircraft carrier USS Nimitz in the Pacific Ocean, Nov. 6, 2014. Japan and Australia will be sharing...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>