French aerospace industry lobbying association Gifas (Hall 1 Stand A15) is foreseeing another excellent year in terms of revenue and orders. In an economy bombarded with bad news, France’s aerospace sector is often cited as an example. A thorn in its side, however, has been the euro/dollar currency exchange rate. Recruitment remains a tricky issue, too.
Next month’s 2014 Farnborough International Airshow (July 14-20) will not be short on novelty, with 26 percent of exhibitors new to the biennial event. With economic conditions generally stronger even in Western markets that have been soft in recent years, and with continued and new military tensions around the world, the business context for this year’s show is arguably on more solid ground than it was for the 2012 event.
Embraer and Boeing signed a memorandum of understanding (MoU) to create a joint biofuels research center at a technological park near Embraer’s headquarters in São José dos Campos, Brazil. Under the partnership, the companies will be “developing and maturing the knowledge and technologies that make it possible to establish a sustainable biofuels chain for aviation.”
European companies might still face a serious challenge to remain competitive in an increasingly global supply base, but the growing membership of the European Aerospace Cluster Partnership (EACP) has found that cooperation in keys areas such as building skills and research and development work can benefit them collectively more than if they battle with each other at every level.
BAE Systems has won a contract to provide the spoiler control electronics for the new Boeing 737 Max, the UK-based company announced Tuesday. The deal boosts BAE’s comparatively small but resurgent civil business at a time of sagging defense spending.
Contrary to recent speculation in the financial press, EADS has no intention of reviving the merger talks with BAE Systems that were aborted last October. “It’s not on our radar; we’re both moving on,” said Tom Enders, CEO of EADS. “All the stars were aligned last summer, or so we thought. But at least one proved to be missing,” he continued, in a reference to the German government’s opposition to the merger.
Dassault Systèmes, a 3-D design software, digital mock-up and product lifecycle management company, is displaying aerospace innovation solutions at the GIFAS (French aerospace industries) stands at the Dubai Airshow (Stands 640, 1445).
The aerospace and transportation systems division of the Liebherr Group represented only 11 percent of the multinational group’s 2011 turnover of €8.3 billion ($11.5 billion). And its customer service facility in Saline, Michigan, a city of 9,000 people near Detroit, is a long way from Liebherr’s headquarters in the picturesque town of Bulle, Switzerland.
Turmoil in stock markets and the prospect of another public debt and banking crisis have done nothing to deter EADS in its expansion and diversification plans. The European aerospace and defense group has a war chest of €11 billion ($15.6 billion) for acquisitions, with CFO Hans-Peter Ring confirming on August 10 that the company expects to press ahead with more deals during the second half of 2011.
Sonny Perdue, governor of the U.S. state of Georgia, is here
leading a 30-member strong delegation of government officials and representatives of aerospace and aviation companies headquartered in his state. Georgia is a first-time Dubai show exhibitor at Stand E636B and Chalet A67.
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