For Sikorsky, 2013 was a mixed bag, according to company president Mick Maurer, who gave his company’s year-end summary presentation this morning. While the company reached a record backlog of more than $15 billion, it also recorded an 8-percent drop in sales, to $6.3 billion, the decrease driven largely by a drop-off in U.S. government orders on both the OEM side and the aftermarket side last year.
Major suppliers of indigenous Indian aerospace and defense equipment should ensure at least 50 percent of the equipment is procured from original suppliers, while the rest could be outsourced, an industry seminar in Bangalore was told on Monday. “Multiple vendors often come with allied issues, resulting in poor product support.
Pilot leaders from Continental and United Airlines have proposed abolishing so-called regional jet outsourcing during contract negotiations in Denver. The Air Line Pilots Association, which represents the pilots of both Continental and United, wants any new contract at the would-be merged airline to contain language calling for a kind of phased approach to eventually dismantling the system that relies so heavily on regional affiliates.
AgustaWestland is boosting its customer-support capability with the opening of a new fleet operations center. The facility, located close to the Italian helicopter manufacturer’s headquarters near Milan Malpensa International Airport, is staffed and equipped to handle urgent technical questions and spares requirements around the clock.
Pressure to reduce costs is the top priority facing aerospace executives, according to a new survey by global management consultancy Accenture. As a result, companies will be forced to increase the use of external engineering services over the next three years, it finds.
Like it or not, we live in a global economy. While balance-of-trade issues are complex, a free-market economy opens up new sources for raw materials, goods and services and creates new markets for U.S. businesses.
According to the Aeronautical Repair Station Association (ARSA), the International Brotherhood of Teamsters is gearing up to ask lawmakers to include in an upcoming economic stimulus bill a moratorium on the use of foreign repair stations by U.S. air carriers. Such a moratorium, ARSA explained, could mean that “U.S.
San Antonio, Texas-based M7 Aerospace (Booth No. 740), a group of aerospace-related business units created from the assets of the former Fairchild Aviation Corp., recently expanded its role as an outsourcing provider through its supply-chain management organization.
When you’re the head of a company facing a multi-billion-dollar order backlog and production capacity challenges, word that the economy is slowing comes almost as welcome news. Such is the case for Cessna president and CEO Jack Pelton, who has presided over a period of record sales of Citation business jets, a frenzied three-year span that has provided the company $16 billion worth of orders yet to fulfill.
The quiet revolution that sped through the airliner supply industry over the past decade has become mainstream doctrine: no longer can subsystems suppliers rely on the lead OEM to assume the design and integration responsibility for their products, at least according to the companies that occupy the upper tiers of the supply chain.
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