Business

July 9, 2012

Aerojet planning European space propulsion subsidiary

Aerojet, a GenCorp company, announced July 9 that it has entered the final planning of the formation of a European subsidiary to serve the needs of the European space industry.

The new company, European Space Propulsion, will use indigenous manufacturing and engineering talent to produce proven in-space thrusters and propulsion systems.

European Space Propulsion is planned to be based in Northern Ireland and work will be done in partnership with Thales Air Defense Limited in Belfast. Thales will provide world-class manufacturing, assembly and test capability. European Space Propulsion personnel plan to work with local government and academia to enable state-of-the-art research and development activities in advanced space propulsion. Engineering support services will be provided by Aerojet’s Redmond, Wash. operations.

The announcement marks the signing of a Memorandum of Understanding between Aerojet and Thales UK, enabling detailed planning to be completed for production, research and development and test facilities. With the continued support of authorities in Northern Ireland and the United Kindgom, as well as license approvals from the U.S. Department of State, construction activities are expected to begin in early fall. Initial operational capability is planned by year end.

“By forming a European subsidiary, we can best serve the needs of a growing worldwide space industry with state-of-the-art propulsion solutions,” said Aerojet Vice President of Business Development, Rick Yezzi. “We look forward to becoming a full participant in the European space community.”

Victor Chavez, CEO of Thales UK, added, “We are extremely pleased to provide our high precision, lean aerospace manufacturing capabilities for this exciting new venture. By working together, Aerojet and Thales UK plan to bring a leading space company to Northern Ireland.”




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


 
 

 
lm-kmax

Lockheed Martin’s unmanned cargo helicopter team returns from deployment

After lifting more than 4.5 million pounds of cargo and conducting thousands of delivery missions for the U.S. Marine Corps, the Lockheed Martin and Kaman Aerospace Corporation K-MAX cargo unmanned aircraft system has returned ...
 
 

SPEEA files age discrimination charge against Boeing

After months of investigation, the Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001, charged Boeing with age discrimination. Acting on behalf of SPEEA-represented engineers, the union filed the third-party charges July 23 with the Equal Employment Opportunity Commission and the Washington State Human Rights Commission. The evidence is overwhelming that Boeing hatched...
 
 

Commercial jets push Boeing profits up 52 percent

Increased production of passenger jets helped push up Boeing’s profit by 52 percent in the second quarter, topping Wall Street’s expectations. The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same quarter a year ago. Earnings, adjusted for non-recurring costs, came...
 

 

Comprehensive MEADS network tests demonstrate unmatched plug-and-fight missile defense capabilities

The Medium Extended Air Defense System recently completed a comprehensive system demonstration at Pratica di Mare Air Base near Rome, Italy. The two-week test demonstration included significant first-time events that were observed by several national delegations. “The outstanding result is that we have demonstrated the full range of advanced network capabilities that only MEADS can...
 
 

UTC awarded Boeing C-17 Globemaster III MRO landing gear contract

UTC Aerospace Systems has been selected by Boeing to continue to provide landing gear system maintenance services in support of the U.S. Air Force fleet of the Boeing C-17 Globemaster III aircraft. Included as part of the agreement, the company will work with Hill Air Force Base personnel in Ogden, Utah, to jointly manage the...
 
 
Lockheed Martin photograph by Beth Groom

First two Australian F-35s roll out of factory

Lockheed Martin photograph by Beth Groom Royal Australian Air Force Air Marshal Geoff Brown delivers his remarks at the roll out ceremony for Australia’s first F-35. A ceremony was held July 24 at Lockheed Martin in Fort Wort...
 




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>