European private equity firm Bridgepoint has acquired Global Design Technologies from Stirling Square Capital Partners in a transaction worth $343 million. GDT makes permanent couplings used to connect hydraulic, fuel, air and other tubing in all types of aircraft.
News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.
U.S.-based TGV Rockets has completed test firings of a 30,000-pound-class throttleable rocket engine that uses JP-8 kerosene fuel. The first phase of testing was conducted over the past two months at NASA’s Stennis Space Center in Mississippi. The second phase, focused on gaining more information on the performance of the JP-8 fuel, is under way.
Open sharing of data between and among airworthiness authorities was top of the agenda at a Euro-U.S. aviation-safety conference in Prague earlier this month, when
Some 40 of the 400 companies belonging to Farnborough Aerospace Consortium (FAC), a trade association providing support to 1,200 aerospace- and defense-related companies in southern England, are enjoying “exhibition and marketing opportunities” here at Le Bourget. The organization “acts as a catalyst for business between large primes and the supply chain, particularly small- to medium-size enterprises.”
The retiring president and CEO of the Aerospace Industries Association of America, John Douglass, said modifying the U.S export control system could double the trade surplus from the present record $55 million. “We have to get rid of a Cold War philosophy that puts many civil products in the military domain,” he told Aviation International News in an exclusive interview.
Since the appointment at the beginning of 2006 of Itzhak Nissan as president and CEO of Israel Aerospace Industries (IAI), the company’s finances have undergone a radical improvement–a fact underlined by a massively oversubscribed public bond issue concluded earlier this month.
In one of his first appearances as new chief executive of ATR, a somewhat hesitant Stéphane Mayer announced new orders from Berjana Airlines of Malaysia (for four ATR 72-500s) and from Total Linhas Aereas of Brazil for three ATR 42-500s, two 72-500s and five options.
Following two years of record orders for new jetliners, a principal consideration for the manufacturers is how best to manage assembly and provision of supplies to match the higher rates of aircraft delivery. One way European manufacturer Airbus is addressing this challenge is by establishing a final-assembly line for the A320 series of single-aisle jetliners in China.
Mixed results for Safran’s subsidiaries last year and an internal investigation into accounting irregularities last December that resulted in top executive changes have again raised the question of the wisdom of the controversial merger of leading French aerospace and engine and equipment manufacturing group Snecma and telephone and defense communications group Sagem.
Hellenic Aerospace Industry and Irkut have signed a memo of understanding paving the way for future cooperation in the event that Greece buys the Beriev Be-200 fire-fighting aircraft. Kyriakos Linakis, HAI’s chairman, said the MoU provided an opportunity for the two companies to cooperate in maintenance and manufacturing. If Greece opts for the Be-200, the country will use the airplane for search and rescue, patrol and other operations.