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Aerospace Sector News

15 Nov 2021

Marine Concept Design: Ocean "Plastic Harvester" Completes Prototype Testing

Image courtesty Our Cleaner Planet

Our Cleaner Planet, a non-profit startup with an 'innovative technique to remove plastics from our oceans', said it has completed prototype testing of its first plastic harvester and is now ready to move forward with larger unit testing. The program is scheduled to launch the first of its full-sized, plastic harvesters into ocean operation in 2025.“The test parameters for our 1:164-scale prototype were set up to evaluate speed and control and the first stage of the filtration process,” said Pat Marshall, founder of Our Cleaner Planet.

21 Sep 2017

France Sees Quick Accord on STX, Sees Naval Deal Taking Longer

(File photo: STX France)

France hopes for agreement over the future of the STX France shipyards at a Franco-Italian summit on Sept. 27, but a separate deal on warship co-operation would take longer to negotiate, French Finance Minister Bruno Le Maire said on Thursday. "I would like us to have an agreement between the French and Italian governments on STX for the summit on September 27," Le Maire told reporters after a meeting with suppliers in the aerospace sector. France clashed with Italy in July after ordering a "temporary" nationalisation of STX…

17 Sep 2015

Hybrid Marine Power & Propulsion Conference: Program Announced

The Hybrid Marine Power & Propulsion Conference being held at the RNLI College in Poole, U.K., October 6-8, will bring together an international group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities of utilizing hybrid systems. The aim is to identify the potential for hybrid systems for specific sectors, including diesel / electric / battery for workboats, pilot boats, survey vessels, wind farm support vessels, superyacht tenders, patrol craft, military and unmanned craft.

08 May 2015

SENER Inaugurates Manchester Office

From left to right: Fernando Sánchez, Ian Stewart and Rafael de Góngora (Photo: SENER)

The engineering and technology group SENER has celebrated the inauguration of its facilities in Manchester, the group’s base for engineering and construction in the United Kingdom, which have been fully operational since 2014. The inauguration event was held May 8 and was attended by local authorities, including City Mayor Ian Stewart and representatives from key clients such as BAE Systems and Babcock. The guests were received on behalf of SENER by its Marine General Manager, Rafael de Góngora, and the Manager of its Marine office in Manchester, Fernando Sánchez.

06 Mar 2015

ST Engineering Makes Management Changes

Singapore Technologies Engineering Ltd today announced that Mr Ravinder Singh will replace Mr Sew Chee Jhuen as President of Singapore Technologies Kinetics Ltd (ST Kinetics). Mr Sew will take on a new role as President for Special Projects at ST Engineering. The appointments are effective 23 March 2015. Mr Singh is currently Deputy President, Corporate and Market Development at Singapore Technologies Electronics Limited (ST Electronics), a role he held since joining the Group in August 2014. He will relinquish this appointment in ST Electronics. Currently, in this position, he leads the Group's Smart Nation initiatives and will continue to do so in his new capacity.

27 Feb 2015

ST Engineering Y-O-Y Profits Slip

Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013. Profit before tax (PBT) of $650.7m was $79m or 11% lower year-on-year compared to $729.7m, and Net Profit of $532.0m was $48.8m or 8% lower year-on-year compared to $580.8m. At the business sector level, revenue for the Aerospace sector was comparable at $2.06b, and PBT was down 11% to $283m from $319.4m reported for FY2013. The Electronics sector achieved higher PBT of $184m, up 8% compared to $170.3m in FY2013 on the back of comparable year-on-year revenue of $1.58b. The Land Systems sector posted comparable year-on-year revenue of $1.4b, and a lower PBT of $56.2m, down 50% from $111.8m in FY2013.

23 Nov 2014

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. Mr Vincent Chong Sy Feng, currently President of Strategic Plans & Business Development, Singapore Technologies Aerospace Ltd (ST Aerospace), will be appointed Deputy CEO (Corporate Development).

12 Aug 2014

ST Engineering 2Q 2014 Unaudited Results

Singapore Technologies Engineering Ltd (ST Engineering) announced today that the Group posted quarterly revenue of $1.59b for the second quarter ended 30 June 2014 (2Q2014), which is comparable with the prior year’s revenue in the same period. The Land Systems sector saw lower revenue due to fewer deliveries in its Automotive business group in the second quarter. The other three sectors - Aerospace, Electronics and Marine registered growth of between 6% and 12% year-on-year. In 2Q2014, all sectors except for the Electronics sector, recorded lower profit before tax (PBT) resulting in a 12% drop in Group PBT to $163.7m from $186.9m in the same period last year.

09 Apr 2012

U.S. Navy: The Business Case for a Titanium Ship

Friction stir titanium welding is conducted at the National Center for Advanced Manufacturing at Michoud, Louisiana. (UNO-NCAM photo by Dr. Greg Dobson)

Participants at a workshop exploring the use of titanium structure for ships found that it is not only possible to construct a ship hull from titanium—or Ti, it could be cost effective. The workshop was sponsored by the Office of Naval Research and hosted by the University of New Orleans, where an ONR research program on titanium ship structures is being conducted. Representatives of the shipbuilding industry, titanium suppliers, Navy, Coast Guard and Air Force labs, and academia discussed and examined materials, processes and applications. Most ships today are primarily made from steel.

16 Sep 2011

RINA celebrates ties with China

International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian Unification. Formed in Genoa, Italy, in 1861 as a ship classification society, RINA is today a global multi-disciplinary and multi-cultural company with growing business in China and the surrounding region. Today in Shanghai RINA CEO Ugo Salerno and Vincenzo De Luca…

30 Jul 2009

Sener New Office in Abu Dhabi

Sener Ingeniería y Sistemas, S.A. has opened a new office in Abu Dhabi, in the United Arab Emirates. This new office is located in the Gulf Business Centre district of downtown Abu Dhabi and will be Sener’s local headquarters to develop projects in the power and process sector, the civil engineering and architecture sector, as well as the aerospace sector. Sener began to take an interest in the business opportunities available in the emirate of Abu Dhabi in 2007, when the company made its first contacts there. This led to the creation of Torresol Energy in March 2008.

19 Dec 2000

Spain Creates Joint European Company

Spain is in talks with several shipbuilders in Europe to create a joint European company similar to the aerospace EADS, the chairman of Spain's state holding company (SEPI) said. After a presentation in Madrid of Spain's new civilian and military shipbuilder Izar, Pedro Ferreras said SEPI was already talking to groups in France, Germany and Italy. "We want to begin working on projects common to European countries, like the model followed by the aerospace sector, but that takes time," he said, referring to the European Aeronautic Defense and Space Company (EADS). EADS was born from the merger of SEPI-controlled Casa, France's Aerospatiale Matra and Germany's DaimlerChrysler Aerospace.

04 Apr 2007

Stoffer asks Government to Invest in Canadian Shipbuilding Industry

NDP Shipbuilding Critic Peter Stoffer (Sackville-Eastern Shore) asked the Conservative government today to invest in Canada’s shipbuilding industry, in response to news that the federal government will invest $900 million dollars in the aerospace sector in Quebec over the next five years. The NDP is also asking the federal government to further protect the shipbuilding industry from talks and negotiations with the European Free Trade Association and South Korea. The proposed free trade agreements could seriously impact on Canada’s multi-billion dollar shipbuilding and repair industry if Canadian tariffs are eliminated on ships that are built in foreign countries but imported for use in Canada. Source: NDP

23 Mar 2007

EU Clears Thales, DCN Shipbuilding Combo

France's two main warship makers, DCN and Thales SA, won EU approval to combine their shipbuilding businesses, boosting the prospect of wider consolidation in Europe's fragmented naval sector. The French government has backed the deal, in which state-owned naval shipyard DCN is buying Thales' shipbuilding activities in France _ excluding its parts-making business. Thales has taken a 25 percent stake in DCN, with the option of raising the stake to 35 percent over the next two years. The European Commission said its investigation showed the deal would not cause antitrust problems because the two already cooperate closely and a number of effective rivals would remain standing.

20 Mar 2007

EU Clears Thales, DCN Shipbuilding Combo

France's two main warship makers, DCN and Thales SA, won EU approval Tuesday to combine their shipbuilding businesses, boosting the prospect of wider consolidation in Europe's fragmented naval sector. The European Commission said its investigation showed the deal would not cause antitrust problems because the two already cooperate closely and a number of effective rivals would remain standing. Thales had already sold most of its naval equipment business to DCN before the deal, it said, meaning that any new changes would be limited and there was little chance of the combined company choking supply to rivals. DCN will acquire Thales' naval assets…