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Emmen Aerospace to become BOSH Technologies

Posted July 5, 2012 by

Emmen Aerospace, Inc. announced July 3 that it will rebrand to become BOSH Technologies, a member of The BOSH Group, effective Oct. 1, 2012. The transition will formalize Emmen’s induction into TBG, a family of companies dedicated to the development and operation of customized unmanned system solutions. Emmen, which specializes in the development, production and…

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Parker completes acquisition of Olaer Group in United Kingdom

Posted July 5, 2012 by

Parker Hannifin Corporation, the global leader in motion and control technologies, announced July 2 that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Group has annual sales of approximately $200 million and 550 employees. Approximately 88…

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Airbus to build first U.S. assembly plant in Alabama

Posted July 3, 2012 by by Melissa Nelson-Gabriel

In the battle to dominate the global aviation industry, European aerospace giant Airbus announced its first assembly plant in the United States July 2, a symbolic and significant step in the competition with archrival Boeing. The French-based company said the Mobile, Ala., plant is expected to cost $600 million to build and will employ 1,000…

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Boeing forecasts $4.5 trillion market for 34,000 new airplanes

Posted July 3, 2012 by

Boeing projects a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, according to the Boeing 2012 Current Market Outlook released July 3. The company’s annual forecast reflects the strength of the commercial aviation market. “The world’s aviation market is broader, deeper and more…

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Lockheed Martin Skunk Works receives DARPA ALASA contract award

Posted July 3, 2012 by

PALMDALE, Calif. – Lockheed Martin has been selected by the Defense Advanced Research Projects Agency to receive a Phase I Airborne Launch Assist Space Access program study contract valued at about $6.2 million. The ALASA program is a research and development effort maturing technologies to maintain vital satellite capabilities during a crisis. “Our approach uses…

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Lockheed machinists OK new labor deal, end strike

Posted July 2, 2012 by by Angela K. Brown

Lockheed Martin machinists ended their 10-week strike June 28, approving a new labor deal that includes a $2,000 bonus and annual pay increases starting at 3 percent the first year. Members of the International Association of Machinists and Aerospace Workers District Lodge 776 voted overwhelmingly to approve the four-year agreement, with 81 percent of nearly…

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Lockheed Martin delivers Orion spacecraft to Kennedy Space Center

Posted July 2, 2012 by

Lockheed Martin has delivered the first space-bound Orion spacecraft crew module structure to the Operations and Checkout Building…

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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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