ST Engineering Profits Up, Despite Maritime Drag
Singapore Technologies Engineering Ltd (ST Engineering) announced that it registered higher year-on-year profits for its third quarter ended 30 September 2017 (3Q2017). Group revenue of $1.62b came in with higher Profit before tax (PBT) of $162.9m, up 53% from $106.6m, and higher Profit attributable to shareholders (Net Profit) of $128.4m, up 67% from $76.7m. Higher profits were largely due to the absence of the $61.1m one-off charge incurred in 3Q2016 for its Specialty Vehicle business in China.
Air-independent Underwater System Demonstration
ONR selects Hamilton Sundstrand for demonstration of energy-dense PEMFC based air-independent propulsion system. UTC Aerospace Systems' legacy Hamilton Sundstrand business was recently awarded a contract by the U.S. Office of Naval Research (ONR) to demonstrate an energy-dense air independent power system for an undersea vehicle as part of ONR's Long-Endurance Undersea Vehicle Propulsion (LEUVP) Program. UTC Aerospace Systems is a unit of United Technologies Corp. This Program will develop an energy storage system that will allow an undersea vehicle to carry out a longer mission with additional capabilities. UTC Aerospace Systems, together with UTC Power and Ball Aerospace & Technologies Corp.…
ST Engineering Streamlines Its Entities
Singapore Technologies Engineering Ltd (ST Engineering) today announced that Visiontech Investment Pte Ltd (Visiontech Investment), a wholly owned subsidiary of ST Engineering’s aerospace arm, Singapore Technologies Aerospace Ltd, has applied to the Accounting and Corporate Regulatory Authority in Singapore to strike off its name from the Register of Companies pursuant to Section 344 of the Companies Act, Chapter 50. Visiontech Investment was incorporated in 1990 and has been a dormant company since 2008.
ThyssenKrupp Acquires Waterjet Business Activities
ThyssenKrupp Aerospace, via its U.K. subsidiary, has acquired the business activities of The Waterjet Group, based in Darton, South Yorkshire/U.K. The closing took place on July 31, 2013. The parties have agreed not to disclose the purchase price. The Waterjet Group (around 40 employees) was established in 2002 and is a U.K. waterjet cutting company for the aerospace industry. The company has several waterjets and related value add equipment, a large number of aerospace approvals and to a smaller extent also serves other high-tech industries, including the medical technology sector. The Waterjet Group operates out of a site near Leeds. With its equipment the company is able to process a wide range of materials and sizes for the European and international customer base.
ST Engineering Rejigs Top Deck
Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the Group with a view to further strengthen its leadership team. Mr Lee Fook Sun, currently President of Singapore Technologies Electronics Limited (ST Electronics) and President, Defence Business of ST Engineering, will assume additional responsibilities as Deputy CEO of ST Engineering. In this new position, he will explore additional synergies across the Group's four business sectors.
Ship Identification: JIB Antennas Added to Canada's RADARSAT Constellation
Small, lightweight JIB antennas from Northrop Grumman Corporation's Astro Aerospace business unit will help provide a new maritime identification capability for Canada's three RADARSAT Constellation Mission (RCM) Earth observation satellites planned for launch in 2018. Astro Aerospace will provide 13 self-deploying, monopole JIB antennas as part of an Automated Identification System (AIS) being added to the identical radar-imaging satellites under a contract from RCM prime contractor MacDonald, Dettwiler and Associates Ltd.
CIRCOR Names Vincent Sandoval President, Aerospace & Defense
Provider of valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense, CIRCOR International, Inc., inform that Vincent Sandoval will join the Company as Group President—CIRCOR Aerospace & Defense effective March 19, 2014. CIRCOR add that Mr. Sandoval currently is the President of TransDigm Group, Inc.’s Semco Instruments subsidiary, which designs and manufactures sensors and harnesses for use on various commercial and military airframe and engine platforms. Prior to joining TransDigm in 2010, Mr.
Vision Technologies Systems Subsidiaries Report Minor Damage
Vision Technologies Systems, Inc. and ST Mobile Aerospace Engineering -- as a result of Hurricane Ivan. Marine’s Pascagoula, Miss.-based headquarters. Montgomery, Alabama, where VT Miltope is located. the proper precautions to protect their homes and families. Wednesday at noon. Aerospace Engineering is minimal. next week.
Israeli Unmanned Surface Vessel to Debut at Defexpo 2014
Israel Aerospace Industries (IAI) will be participating in this year's military systems exhibition in India - Defexpo 2014 - Land, Naval & Internal Homeland Security says company CEO & President Joseph Weiss. In the field of Homeland Security (HLS) and protection of maritime economic exclusion zones (EEZ), IAI says it will be presenting an unmanned surface vessel (USV), which supports a wide range of applications for HLS and EEZ protection, including harbor security, patrol of coastal and territorial waters…
Kane Appointed Pres. of Rolls-Royce Marine Electrical Systems Division
Rick Kane has been appointed as President of Rolls-Royce's new Marine Electrical Systems business. Kane was formerly President and Chief Executive of Raymarine Ltd, created when he led the management buy-out of Raytheon's recreational marine electronics business.A graduate in business studies from Suffolk University, Boston, MA, Kane initially spent nine years as a Supply Corp officer with the United States Navy before commencing his industrial career as a consultant with KPMG. Subsequently he has gained senior management experience in a number of companies including General Electric (aerospace), Ingersoll-Rand (construction and mining) and Raytheon (aerospace and marine).
New GM at Burger Boat Company
Burger Boat Company announced that Bill Bitner has joined the Burger Executive Team as the new Vice-President/General Manager. Bitner has previously held positions as Allied Signal-Honeywell Aerospace Division and most recently, from Rolls-Royce Aerospace where he served as Vice President/General Manager for the last five years. Bitner holds an MBA in Global Management, Lean Manufacturing Certification and an Executive MBA Certification. As VP/General Manager, Bitner will gain efficiencies and make ongoing refinements to processes using training and communication techniques with the Burger Team.
WinGD Drives to Digitisation with Shipdex
Maintaining the rapid pace to apply the latest digital technology to its low-speed diesel and dual-fuel engines and corporate processes, engine designer Winterthur Gas & Diesel Ltd. (WinGD) has announced its participation in the Shipdex community. The Shipdex organisation has introduced a version of the S1000DTM specification for digital data exchange applied in the aerospace and defence industry, and adapted to the marine sector. This S1000D specification standardizes electronic dissemination of technical data to equipment makers, shipyards and ship owners.
Metal Action Machining Ltd. Certified to AS9100
Metal Action Machining Ltd. (the CNC Division of Analytic Systems) has announced that they have been certified to the International Standards Organization (Certificate number AS-1197), Aerospace AS9100 Quality Management System. On the heels of being certified to ISO9001-2008 one year ago, Metal Action decided to upgrade to the Aerospace Certification. This will allow Metal Action to obtain new aerospace contracts for the likes of AVCORP, ASCO, Boeing, Bombardier, etc, as well as to assist in the potential work for the (NSP) National Ship Procurement project with Seaspan Marine. AS9100 fully incorporates the entirety of the current version of ISO 9001 while adding additional requirements relating to quality and safety.
TE Connectivity Launches Online Resource Center
TE Connectivity's Aerospace, Defense & Marine business announces its new community-centered website for design engineers, www.DesignSmarterFaster.com. The site is meant to be a resource center for design engineers to connect directly with TE Subject Matter Experts (SMEs) who can advise and team up with them early in the design process to help bring their products and systems to market faster with smarter, better solutions. "Every day, design engineers in the aerospace, defense and marine industries face connectivity challenges in the toughest…
BV Extends Offshore Services with APSYS Partnership
Classification society Bureau Veritas (BV) informs it has extended the range of reliability solutions it provides for the global offshore industry through a partnership with aerospace risk management firm APSYS. Under the agreement, APSYS will adapt best aerospace practices and tools to the offshore oil and gas industry and BV will implement APSYS solutions to assist clients in building robust and safe installations while optimizing design and operating costs. Matthieu de Tugny, Senior Vice-President and head of Offshore, Bureau Veritas Marine & Offshore Division, said, “Everything we do today for our clients in offshore energy has to be focused on reducing costs and operating downtime while improving efficiency and safety.
Sr Management Restructuring at Rolls Royce
Rolls-Royce is today announcing a new senior management structure as the first step in the wide-ranging restructuring announced on 12 November 2015. The move will simplify the organisation, drive operational excellence and reduce cost; ensuring Rolls-Royce is better placed to deliver long-term profitable growth. The current divisional structure of Aerospace and Land & Sea will end, removing a layer of senior management. From 1 January 2016, Rolls-Royce will operate as five market facing businesses…
Defense Companies Poised For Growth Under Bush
Despite the uncertainty of new government policy, the defense industry presents a picture of renewed growth, boosted by higher spending and technology funding under the George W. Bush administration. Makers of the nation's warfare technologies along with Wall Street analysts and industry consultants spent a week bragging about new opportunities and the likelihood of changes to Pentagon policy that would foster growth after 15 years of strained budgets. What's more, defense and aerospace stocks ended on a high note, climbing amid a broad market slump as 24 U.S. and British warplanes struck Iraqi military targets using various long-range, precision-guided weapons.
Harland & Wolff Wins $350M Order
Northern Irish shipyard Harland and Wolff has won a provisional order worth more than $350 million to build two luxury cruise liners, company officials said. The shipyard, which earlier this month secured its future with a $450 million order for four passenger ferries, said it had been awarded a letter of intent by cruise line Luxus Holdings. The 28,000 ton ships will carry 380 passengers and measure more than 656 ft. (200 m), officials said. Luxus said the ships were designed to mimic the standards of a large luxury yacht. The order follows news that Northern Ireland's largest manufacturing sector employer, Bombardier Aerospace, plans to create 1,200 new jobs over the next two years at its Belfast-based aerospace unit Short Brothers Plc.
Lord Gold to Review Rolls-Royce Compliance Procedures
Rolls-Royce, the global power systems company, announce the appointment of Lord Gold, who will report to the Ethics Committee of the Board. This appointment follows the previous announcement by Rolls-Royce that it has provided information to the Serious Fraud Office (SFO) relating to concerns about bribery and corruption involving intermediaries in overseas markets. Lord Gold was a solicitor at Herbert Smith for 37 years, serving as its senior partner between 2005 and 2010. He is one of the UK's most senior litigators and has extensive experience working at the highest levels with corporations, governments and regulators around the world.
Jet Edge Waterjets Distributed in 6 States by KF Machinery
Jet Edge, Inc., a leading manufacturer of ultra-high pressure waterjet systems for precision cutting, coating removal and surface preparation, say that KF Machinery is now distributing Jet Edge precision waterjet cutting systems in Minnesota, North and South Dakota, Nebraska, Western Wisconsin and Western Iowa. Located in Lakeville, Minn., KF Machinery offers full-service precision sheet metal manufacturing and forming equipment to manufacturers in a variety of industries, including precision sheet metal…
Coburn Appointed to the Board of Marotta
General (Retired) John Coburn has recently been appointed to the Board of Directors of Marotta Scientific Controls, Inc. General Coburn is currently Chairman and CEO of VT Systems, Inc., the U.S. subsidiary of Singapore Technologies Engineering, a $2.5 billion manufacturer of aerospace, electronic, maritime and land systems products. General Coburn retired from the military last year as the four-star chief of the U.S. Army Materiel Command, where he managed over 60,000 people and an annual budget of more than $19 billion. Over the years, he has accumulated extensive experience in logistics, contracting and acquisition in both the commercial and defense sectors, and will help guide Marotta to specific niches in its Aerospace, Defense and Commercial markets.
Moore Takes on Western Industrial Sales for Samson
Samson announced the retirement of Dave Strauss, western regional sales manager of industrial markets, and the hire of his replacement, David Moore of Portland, Ore. After almost 20 years of service, Strauss is retiring in June 2010. Strauss has served in both the recreational marine and industrial markets during his career. Samson has filled the position with the hire of Moore, who has a bachelor of science in aerospace engineering and a master of business administration in marketing. His work in the aerospace and semiconductor industries has provided him with experience in developing technical solutions for custom applications. Moore also has a background in sales and product development…
Navy to Drop Anchor in Tucson
The Navy Office of Community Outreach (NAVCO) and Navy Recruiting District (NRD) Phoenix are partnering to celebrate Tucson Navy Week, from March 14 through March 20. Tucson Navy Week is a week-long series of awareness events held in conjunction with Major League Baseball Spring Training and Aerospace & Arizona Days. Participating Navy assets include: the Blue Angels; a namesake visit by crew members of USS Tucson (SSN 770); F/A-18 flight simulator; Navy dive tank and Navy Band Southwest. Vice Adm. Evan Chanik, U.S. 2nd Fleet Commander, will also be participating at events during the week. “We’re extremely excited and proud of the Navy assets that will be visiting Tucson and surrounding communities,” said Cmdr. Pamela Holland, commanding officer, NRD Phoenix.