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Precision Castparts broadens aerostructures capabilities with acquisition

Posted July 2, 2012 by

Precision Castparts Corp. has agreed to acquire Klune Industries, a manufacturer of complex aluminum, nickel, titanium, and steel aerostructures. Klune focuses on complex forming, machining, and assembly of aerostructure parts, in addition to offering significant expertise in a range of cold-formed sheet metal components. The company, which operates facilities in North Hollywood, Calif.; Spanish Fork,…

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Airbus plans factory in Alabama

Posted June 29, 2012 by by Joshua Freed

European plane maker Airbus intends to build its first U.S. plant in Mobile, Alabama, a person with knowledge of the plans told The Associated Press. Airbus will assemble its A320 jet there, according to the person, who requested anonymity because a public announcement has not been made. The A320 is a widely used plane flown…

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U.S. aerospace, defense execs expect significant merger, acquisition

Posted June 29, 2012 by

Armed with significant cash on their balance sheets, and faced with hundreds of billions of dollars in federal defense budgets, U.S. aerospace and defense executives cite strategic acquisitions as the highest-priority investment area to spur company growth, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm. In the 2012 KPMG…

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Boeing to begin joint manufacturing research in Japan

Posted June 29, 2012 by

Boeing and its three major Japanese airframe partners – Mitsubishi Heavy Industries, Kawasaki Heavy Industries and Fuji Heavy Industries – announced June 29 that they have signed a memorandum of understanding with the Institute of Industrial Science, the University of Tokyo. Under the MOU, the parties will commence joint research and work to create a…

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General Dynamics to acquire Earl Industries’ ship repair division

Posted June 29, 2012 by

General Dynamics has entered an agreement to acquire the Ship Repair and Coatings Division of Earl Industries, a leading East Coast ship repair company that supports the U.S. Navy fleet in Norfolk, Va., and Mayport, Fla. The value of the cash transaction, which General Dynamics expects to be accretive to earnings in 2013, has not…

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Northrop Grumman awards grants to Los Angeles area schools to promote STEM

Posted June 29, 2012 by

AZUSA, Calif. – Northrop Grumman has provided grants worth a total of $2,700 to support science, technology, engineering and mathematics educational initiatives at the Greater Los Angeles area schools. Northrop Grumman awarded nine individual grants of $300 each to teachers in local elementary, middle and high schools to fund projects that increase student awareness of…

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Pratt & Whitney, Rolls-Royce close on deal for program share in IAE

Posted June 29, 2012 by

Pratt & Whitney, a United Technologies Corp. company, closed June 29 on its agreement to purchase Rolls-Royce’s program share in IAE International Aero Engines. More information about the closing will be announced by IAE at the Farnborough Air Show on July 9. “This strategic deal strengthens the presence of Pratt & Whitney and the IAE…

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Goodrich inaugurates new facility in Brea, Calif.

Posted June 29, 2012 by

Goodrich Corporation held a ribbon-cutting ceremony June 28 to mark the opening of its new facility in Brea, Calif. The ceremony, attended by civic leaders as well as Goodrich employees, included a tour of production, design and development areas within the new 105,000 square foot site. The facility is part of Goodrich’s Sensors and Integrated…

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International Association Of Machinists ratifies new labor agreement with Lockheed Martin Aeronautics

Posted June 28, 2012 by

Lockheed Martin has reached a new labor agreement with District Lodge 776 of the International Association of Machinists and Aerospace Workers, the largest union at its Fort Worth, Texas, aircraft manufacturing facility. Union members voted to accept the proposal in a meeting June 28, ending a work stoppage that began April 23. The four-year contract…

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Virgin Galactic successfully completes SpaceShipTwo glide flight test and rocket motor firing on same day

Posted June 28, 2012 by

MOJAVE, Calif. – Virgin Galactic, the world’s first commercial spaceline, announced June 28 that its passenger-carrying suborbital space vehicle, SpaceShipTwo, successfully completed its first glide flight test on June 26 since a recent integration period for rocket motor systems and maintenance. Also, on June 26, the spaceship’s engine, RocketMotorTwo, underwent another successful full duration test…

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