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.


 
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 

 

Raytheon SM-6s intercept targets in ‘engage on remote’ tests

During the U.S. Navy’s Combat Ship System Qualification Trials, the USS Chancellorsville (CG 62) tested two Raytheon Standard Missile-6 interceptors against anti-ship and cruise missile targets. As part of ‘engage on remote’ scenarios, the ship launched the SM-6 interceptors prior to its own radars ‘seeing’ the incoming threats, using targeting information from ano...
 
 

General Dynamics receives $19 million contract for submarine planning services

The U.S. Navy has awarded General Dynamics Electric Boat an $18.9 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics. Initially awarded in November 2011, the contract has a potential value of $121.2 million through...
 
 

Passenger jets push Boeing’s profit up 18 percent

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year. On a per-share basis, the Chicago-based company said it had a profit of $1.86. Adjusted for non-operating costs, earnings came to $2.14 per share, better than...
 




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>