DOCSLIB.ORG

Astronics Corporation NASDAQ: ATRO SAFE HARBOR STATEMENT

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Astronics Corporation NASDAQ: ATRO SAFE HARBOR STATEMENT JEFFERIES 2013 GLOBAL INDUSTRIALS CONFERENCE August 14, 2013 PETER J. GUNDERMANN DAVID C. BURNEY PRESIDENT & CEO EXECUTIVE VP & CFO © 2013 by Astronics Corporation NASDAQ: ATRO SAFE HARBOR STATEMENT These slides (and the accompanying oral discussion) contain “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company’s customers and suppliers, competitor responses to the Company’s products and services, the overall market acceptance of such products and services, the effect of the Company’s strategy and other factors disclosed in the Company’s periodic reports filed with the Securities and Exchange Commission. Consequently such forward looking statements should be regarded as the Company’s current plans, estimates and beliefs. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. 2 © 2013 by Astronics Corporation ASTRONICS CORPORATION NASDAQ: ATRO Index membership Russell 3000®/2000®/Microcap® Recent price $40.82 52-week range $19.25 - $42.94* Market capitalization $592.4 million Total shares outstanding: Common 11.2 million Class B (10 votes per share) 3.3 million* Avg. daily trading volume (3 mos.) 89,600 Ownership (Common and Class B shares): Institutional 60.8% Insider 13.6% Market data as of close of business August 8, 2013 [Source: Bloomberg LP]; ownership as of most recent filing * Adjusted for the October 29, 2012 three-for-twenty class B stock distribution 3 © 2013 by Astronics Corporation ASTRONICS CORPORATION Revenue Q2 2013 TTM Aerospace $281.1 million • Electrical power for passengers and 4% aircraft • Aircraft lighting and safety equipment • Avionics Test Systems 96% • Military test systems • Weapons diagnostic test systems Aerospace Test Systems 4 © 2013 by Astronics Corporation RECORD SALES $325 - $340 ($ in millions, except EPS) Peco $266.4 $228.2 $191.2 $195.8 $144.8 1H 2009 2010 2011 2012 2013E* $(0.28) $1.05 $1.45 $1.45 Diluted EPS** * Guidance provided as of July 31, 2013; 2013E includes $35 million - $40 million of revenue for Peco, since its July 18, 2013 acquisition ** Adjusted for the October 29, 2012 three-for-twenty class B stock distribution 5 © 2013 by Astronics Corporation EXPANDING SHIP SET CONTENT Higher future ship set content Expanded ship set content: $50,000 - $300,000 Traditional ship set content: $2,000 - $10,000 6 © 2013 by Astronics Corporation AEROSPACE SALES: 96% OF TOTAL REVENUE By Markets By Products Airfield FAA/Airport, Lighting, 4% 4% Avionics, Military 7% Aircraft, Aircraft 14% Lighting, 26% Business Jet, 11% Airframe Commerical Cabin Power, Transport, Electronics, 71% 7% 56% Q2 2013 TTM Aerospace Segment Sales: $270.9 million 7 © 2013 by Astronics Corporation COMMERCIAL TRANSPORT DELIVERY FORECAST 1800 History Forecast 1600 1400 1200 1000 800 Aircraft Units 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Light/Medium Heavy Source: Forecast International (July 2013) 8 © 2013 by Astronics Corporation CABIN ELECTRONICS IFE/PASSENGER POWER Growth Drivers • Hybrid systems: Passenger power + IFE and others • Expanding universe of PEDs • New services: Wi-Fi and voice • Expansion across all fare classes • Expansion from wide to narrow bodies 9 © 2013 by Astronics Corporation CABIN ELECTRONICS BOEING 787 IFE/PASSENGER POWER Seat Power Module for Thales & Panasonic In-Use Light Outlet Unit Providing ~ 75 In-Use Lights and 300 Outlet Units Approximately $200k per ship set 10 © 2013 by Astronics Corporation OUTLOOK FOR BUSINESS JET DELIVERIES History Forecast ~10,000 Aircraft from 2012 - 2022 Source: Honeywell Business Aviation Outlook, October 2012 11 © 2013 by Astronics Corporation AIRFRAME POWER LEAR 85 ELECTRONIC POWER DISTRIBUTION SYSTEM System advantages: • Increased reliability • Reduced weight • Automation • Flexibility • Lower life- cycle cost • ~$225-$230K / Aircraft Anticipated entry into service in late 2014 12 © 2013 by Astronics Corporation LIGHTING SYSTEMS ON V-22 Prop Rotor Lights § Exterior lights § Escape path system § Fire suppression controller § Avionics panels & keyboards § Approximately $70k to $75k per ship set 13 © 2013 by Astronics Corporation AVIONICS Ø Translation devices that enable varying system protocols to communicate § Primarily used in aircraft upgrades - military and commercial applications § Both embedded applications as well as test and simulation § High Quality Customer Base • Includes L3, Boeing, Rockwell Collins, General Atomics, GE Aviation Ø Enhanced Vision Systems (EVS) for fixed and rotary wing aircraft § Provides real-time display for increased visibility in adverse weather conditions § FAA certified on more than 200 aircraft models EVS 14 © 2013 by Astronics Corporation ACQUISITION OF PECO, INC. Sales Ø Acquired July 2013 Ø $136 million purchase price 15% Ø Expanded senior credit facility for funding Ø ~85% of revenue is aerospace 85% Ø Expands lighting and safety content in commercial aircraft Aerospace Other Ø Largest customer: Boeing Ø 737 - approximately $100k in content (BSI passenger service units, fuel access doors) Ø 777 - approximately $235k in content (passenger service units, fuel access doors) Ø 787 - approximately $45k in content (fuel access doors) Ø 747 – approximately $30k in content (passenger service units, fuel access doors) Ø Solid financial performance: Ø 2012 revenue was $77.8 million; Expecting contribution of $35 million - $40 million in 2013 Ø Adjusted EBITDA margins comparable with ATRO 15 © 2013 by Astronics Corporation AEROSPACE SEGMENT: WELL POSITIONED Wide range of high profile next generation aircraft platforms Piaggio Avanti: Embraer Phenom 100/300: Learjet 85: Cockpit lighting Exterior lighting Electrical power distribution UH-60 Blackhawk: Airbus A380: (EPDS) Exterior cockpit lighting Cabin lighting & cabin electronics Pilatus PC-24: V-22 Osprey: Boeing 787: EPDS & starter generator Cabin, cockpit & exterior lighting Cabin electronics & fuel doors Airbus 350: Cessna: F-35 JSF: Cabin lighting & electronics Exterior & cockpit lighting Exterior lighting suite & lighting Two Unnamed Biz Jets: Boeing 737 NG & BSI: controllers Electrical power distribution PSU, fuel doors & passenger power available Next Current Ramping Generation 16 © 2013 by Astronics Corporation TEST SYSTEMS: 4% OF TOTAL REVENUE Synthetic instrument-based, software-defined automated test solutions for domestic and foreign military: ► Front line to depot repair level ► Electro-optical devices ► Military communications ► Factory test solutions ► Unmanned ground or air vehicles ► Portable maintenance solutions 17 © 2013 by Astronics Corporation FINANCIALS © 2013 by Astronics Corporation SOLID SALES, GROWING BOOKINGS ($ in millions, except EPS) Sales Annual Bookings $325-$340 $278.0 $266.4 Peco $271.1 $228.2 $234.0 $210.2 $191.2 $195.8 $145.7 2009 2010 2011 2012 2013E* 2009 2010 2011 2012 Q2 2013 TTM $(0.28) $1.05 $1.45 $1.45 Diluted EPS** * Guidance provided as of July 31, 2013; 2013E includes $35 million - $40 million of revenue for Peco, since its July 18, 2013 acquisition ** Adjusted for the October 29, 2012 three-for-twenty class B stock distribution 19 © 2013 by Astronics Corporation SOLID MARGINS ($ in millions) Gross Profit Operating Profit (Loss) & Margin & Margin $73.2 $34.6 $69.4 $32.6 $30.8 $60.5 $24.4 $47.6 $37.3 12.5% 13.5% 12.2% 12.3% $(6.2) 19.5% 24.3% 26.5% 26.1% 26.0% (3.2)% 2009 2010 2011 2012 Q2 2013 2009* 2010 2011* 2012 Q2 2013 TTM TTM * Reflects a write down of $19.4 million and $2.5 million for test systems goodwill and intangible assets in 2009 and 2011, respectively 20 © 2013 by Astronics Corporation Q2 2013 SNAPSHOT ($ in millions) Bookings Revenue Net Income $77.2 $70.8 $66.3 $65.0 $5.2 $5.2 ** 8.0%* 7.3%* Q2 2012 Q2 2013 Q2 2012 Q2 2013 Q2 2012 Q2 2013 * % of Revenue ** Q2 2013 net income impacted by $0.9 million of pre-tax acquisition and financing related expenses 21 © 2013 by Astronics Corporation STRONG BALANCE SHEET ($ in millions) Cash from Operations Capital Expenditures $32.5 $16.7 $27.9 $14.3 $24.2 $16.5 $5 - $10 $3.6 $3.7 1H 2010 2011 2012 Q2 2013 TTM 2010 2011 2012 2013E* * Guidance provided as of July 31, 2013 Cash & Cash Equivalents Funded Debt & Equity $22.7 $16.5 $199.0 $10.9 $30.0 $25.5 $7.4 $33.3 $125.1 $139.7 $139.7 $102.9 2010 2011 2012 Q2 2013 2011 2012 Q2 2013 Proforma Shareholder Equity Funded Debt Q2 2013* * In July 2013, a new $190 million term loan was obtained to fund 22 the Peco acquisition and repay $14.5 million of outstanding debt. © 2013 by Astronics Corporation DEVELOP AND CAPITALIZE ON TECHNICAL EXPERTISE ($ in millions) Engineering & Development Expense Identify market opportunities $53-$56 $50.0 $45.0 $36.1 Develop/acquire technical $28.3 capability Earn higher returns by 2010 2011 2012 Q2 2013 TTM 2013E* providing innovative solutions 14.5% 15.8% 16.9% 17.8% 16.4% Percent of Sales * Guidance provided as of July 31, 2013;
Load more

Recommended publications
  • Managing Complex Airplane System Failures Through a Structured Assessment of Airplane Capabilities
    NASA/TM—2018–219774 Managing Complex Airplane System Failures through a Structured Assessment of Airplane Capabilities Randall J. Mumaw San Jose State University Foundation Michael Feary NASA Ames Research Center Lars Fucke Diehl Aerospace Michael Stewart San Jose State University Foundation Randy Ritprasert San Jose State University Foundation Alex Popovici San Jose State University Foundation Rohit Deshmukh San Jose State University Foundation March 2018 NASA STI Program…in Profile Since its founding, NASA has been dedicated • CONFERENCE PUBLICATION. to the advancement of aeronautics and space Collected papers from scientific and science. The NASA scientific and technical technical conferences, symposia, information (STI) program plays a key part in seminars, or other meetings helping NASA maintain this important role. sponsored or co-sponsored by NASA. The NASA STI program operates under the • SPECIAL PUBLICATION. auspices of the Agency Chief Information Scientific, technical, or historical Officer. It collects, organizes, provides for information from NASA programs, archiving, and disseminates NASA’s STI. The projects, and missions, often NASA STI program provides access to the concerned with subjects having NTRS Registered and its public interface, the substantial public interest. NASA Technical Reports Server, thus providing one of the largest collections of • TECHNICAL TRANSLATION. aeronautical and space science STI in the English-language translations of world. Results are published in both non-NASA foreign scientific and technical channels and by NASA in the NASA STI material pertinent to NASA’s Report Series, which includes the following mission. report types: Specialized services also include creating • TECHNICAL PUBLICATION. Reports custom thesauri, building customized of completed research or a major databases, and organizing and publishing significant phase of research that present research results.
    [Show full text]
  • TOP 100 Special REPORT Year of Living Dangerously
    TOP 100 SPECIAL REPORT YEAR OF LIVING DANGEROUSLY 30 | Flight International | 14-20 September 2010 flightglobal.com TOP 100 SPECIAL REPORT Boeing has bounced back to the summit of our Top 100 ranking of aerospace manufacturers after a year of boosted fortunes for its commercial aircraft division, but the wider experience for the industry was one of dramatically reduced profitability and minimal sales growth NIALL O’KEEFFE LONDON schedule will cause the airframer to incur penalty charges. The last programme delay ast year Boeing leapfrogged EADS to caused the first delivery of the Dreamliner to regain the title of world’s largest aero- launch customer All Nippon Airways to slip space manufacturer, as rising sales of from the last quarter of this year to the middle its commercial and military aircraft of 2011’s first quarter. Lcoincided with declines in both areas for its In 2009 Airbus delivered a record 483 com- European rival. mercial aircraft, 15 more than in 2008. The In dollar terms, the overall picture for the two major airframers’ combined delivery total Top 100 manufacturers was one of stable rev- similarly scaled new heights, exceeding by enues but sharply declining profits, as the fall- 7% the previous record of 914 shipments, set out from global economic and financial chaos in 1999. filtered through. Boeing’s defence, space and security divi- That is according to the latest Flight Inter- sion meanwhile pulled in some $10 billion national Top 100 survey, compiled in associa- more than EADS’s equivalent businesses tion with PricewaterhouseCoopers and which could muster while coping with delays to the is based on company returns for the previous Airbus A400M military transport and the at- financial year.
    [Show full text]
  • Registered At
    HEGAN is: Registered at Associated member of Advisor of Member of Member of Registered at Honorary member of Supply chain Progress towards Aeronautical Community Excellence Collaborator of index 1. PRESENTATION 2. THE CLUSTER ASSOCIATION 2.1 Organisation 2.2 Activities 2018 3. THE CLUSTER MEMBERS 3.1 Members 3.2 Value Chain and Capabilities 3.3 Activities 2018 3.3.1 Aerostructures 3.3.2 Engines 3.3.3 Systems & Equipment 3.3.4 Space 3.3.5 MRO 3.3.6 RTD Projects 3.4 Programmes and Clients 3.5 2017 Figures 4. ACKNOWLEDGEMENTS .1 presentation It is an honour for me to present for the first time the Annual Report of the Basque Aeronautics and Space Cluster. Since I was appointed as President at the 2018 General Meeting, I have made every effort to work towards achieving the objectives of this Association and the Sector we represent. 2018 has been a stable year in which the expected high and sustained ramp‐up in production has been confirmed. In fact, this aspect is one of the causes of an increase, for another year running, in our turnover and employment figures, which stand at 2,457 million euros and 14,856 jobs, with these figures representing all the locations of HEGAN members around the world. It is satisfying to see that employment has grown by almost 3% compared to the previous year, and even more so considering that this sector has people who are highly qualified and of high value—one of the keys to maintaining our positioning and competitiveness.
    [Show full text]
  • Unternehmenspräsentati
    UNTERNEHMENSPRÄSENTATION 2021/2022 COMPANY PRESENTATION INHALT/CONTENT Lisa Wißmüller von Diehl Metering im Mobile Office. 2 Leitbild 4 Guiding Principles Management 6 Kennzahlen 7 Die Diehl-Gruppe im Überblick 8 Overview of the Diehl-Group Teilkonzerne 10 Corporate Divisions Metall 10 Controls 14 Defence 18 Aviation 22 Metering 26 Mitarbeiter 30 Employees Umwelt 34 Environment Adressen 36 Addresses Anmerkungen des Herausgebers: Verwendetes Bildmaterial ist teilweise bereits vor der Corona-Pandemie entstanden. Some of the images used were created before the Corona pandemic. Zur besseren Lesbarkeit wird auf eine 3 geschlechtsspezifische Differenzierung verzichtet. LEITBILD/GUIDING PRINCIPLES Daniela Winkler (links) von Diehl Aviation und Marvin Stelljes (2. Von links) von Diehl Defence. Diehl ist ein finanziell unabhängiges und durchschnittlichen Betriebstreue aus- rechtlich eigenständiges Familienunter- drückt. Es sind in allererster Linie unsere nehmen mit einer langen Tradition, die Mitarbeiterinnen und Mitarbeiter, die den bis ins Jahr 1902 zurückreicht. Unser weit Erfolg des Unternehmens bewirken. gespanntes Produktprogramm umfasst Durch klare Ziele, Raum für Eigenverant- unterschiedliche Geschäftsfelder in wortung und ein betriebliches Umfeld, verschiedenen industriellen Branchen. das sozialen Belangen gegenüber Entsprechend groß ist unser internationa- aufgeschlossen ist, stellen wir sicher, ler Kundenkreis. Wir stehen für Qualität dass Herausforderung und Anerkennung und Technologieführerschaft, weil wir zum Arbeitsalltag gehören. Besondere Forschung und Entwicklung marktnah Anstrengungen unternehmen wir, damit betreiben und unsere Produkte in enger unsere Mitarbeiterinnen und Mitarbeiter Abstimmung mit unseren Kunden Beruf und Familie besser vereinbaren konzipieren. Die Digitalisierung der können. Es ist für uns selbstverständlich, Aktivitäten und Produkte in unseren dass wir uns zu unserer besonderen Teilkonzernen ist für uns ein ständiger Verantwortung für die Arbeitsplätze in Begleiter.
    [Show full text]
  • LED Lighting Masters the Art of In-Flight Calm on Airbus A380s And
    CASE STUDY LED Lighting Masters the Art of In-Flight Calm on Airbus A380s and Boeing 787s Aboard a state-of-the-art aircraft might be the last place you would think of yourself enjoying a warm candlelit dinner, followed by a good nights sleep under a starry night sky. The truth is, the latest aircraft cabins seek to provide just that — a revolutionary in-flight experience through the use of mood lighting. Mood lighting uses the full spectrum of colors and the ability to change these colors continuously with LEDs to mimic or enhance a sunrise morning or a bright, fresh afternoon or a cool evening that winds down the day. These lighting effects even seek to reduce your likelihood of jet lag. LED lighting programs are specifically designed to gradually shift your waking Summary and sleeping biorhythms to match that of your destination city. Lumileds LUXEON Rebel designed in LED lighting is perfectly suited to create a flexible and ever-changing lighting scheme on airplanes to: using a combination of white and colored LEDs. In the design of the cabins of the • Reduce jetlag Boeing 787 Dreamliner and the Airbus A380, Lumileds partnered with Diehl Aerospace • Optimize comfort to optimize the interior lighting system design for maximum passenger comfort. “Many years of research led to an optimized selection of various LED types and colors • Be energy efficient to achieve the best balance of flexibility in the lighting system and maximum energy efficiency,” explained Mark van den Berg, Director of Marketing EMEA at Lumileds. Lumileds provided the LEDs while Diehl Aerospace engineered the overall lighting system for the Boeing and Airbus cabin interiors.
    [Show full text]
  • Airframer PDF Report
    index Sensors, Transducers & Detectors A comprehensive cross-reference of 139 companies 68 aircraft programs Full report compiled from the Airframer database on September 30, 2021. For the latest information, visit www.airframer.com Sponsored by: S. Himmelstein and Co. High Speed Ultra Precise Spline Drive Digital Rotating Torque Transducers per AND 10262 & 2002 Sppeecciiffiiccaallllyy deessiiggnneedd foorr Aiirrccrraafftt an dd AAeerroossppaaccee IInndduussttrriieess The MCRT 48850/1 Series is well suited for a variety of test applications of hydraulic pumps and motors as well as fuel pumps because we know getting it right is a matter of life and death. Features include: Spline and Flange configuration per AND 10262 & 20002 Ranges from 50 to 10,000 lbf-in Our sole focus since 1960 has been 300% Overload, 150% Overrange torque measurement solutions. Contact 30,000 rpm Max Speed our experts today to discuss your torque Permanently Lubricated measurement application and find out Engineering Unit Digital Outputs of how we can meet and exceed your Torque, Speed & Power ±5.000/±10 Volt Analog Outputs of expectations. Torque, Speed & Power ISO 17025:2017 Accredited Calibration S. Himmelstein and Company | 847-843-3300 | [email protected] ​ ​ ​ index Sensors, Transducers & Detectors This Airframer Index is one of a series of daily-updated documents available to subscribers at the Airframer web Contents site. For a full list of the aircraft programs and industry categories currently published please visit the Sponsor: page 2 www.airframer.com home page. Sponsored by: S. Himmelstein and Co. Subscriptions are available to individuals and to organisations wishing to provide site-wide access for all staff.
    [Show full text]
  • Rebound to Growth
    TOP 100 SPECIAL REPORT REBOUND TO GROWTH After the sharp downturn of 2009, profits bounced back in 2010, with Boeing and EADS maintaining clear leadership of our Top 100 ranking of aerospace manufacturers as civil demand overcame defence cutbacks to pull the industry out of recession DAN THISDELL LONDON pectations to hold firm – but profits dropped of 2006-2007, and even less than a third of the sharply, by more than 17%. Summing up 2009, growth in 2008, despite its horrific fourth quar- lobal financial markets are look- and also in defiance of expectations, Airbus and ter. And the 2010 aerospace industry growth ing fragile. Oil is priced stubborn- Boeing delivered a record 979 airliners – but didn’t keep pace with global gross domestic ly high. Major world currencies saw orders plunge to just 413, from a whacking profit, which bounced back from a 1% fall in are under pressure. Nobody who 1,439 chalked up in 2008. 2009 to gain 5% last year, as Western econo- Gworried through the summer of 2008 – But while financial markets, and thus the mies rebounded and key developing regions those phoney war days before Lehman real economy, are keeping fingers crossed this continued to power ahead. Brothers fell and the financial crisis sucked summer, it’s nice to be reminded that 2010 was, But on the profit front, 16% growth in 2010 global economies into the steepest down- for aerospace, a year of buoyant rebound. nearly reversed 2009’s 17% decline. And – turn since 1929 – really needs to be asked As the latest Flight International Top 100 sur- again standing as a quick summary of the in- whether it all sounds familiar.
    [Show full text]
  • Aerospace 2015 Experience the Progress
    Aerospace 2015 Experience the Progress. DE | EN | FR Liebherr-Aerospace Company News // p.12-31 More Electric Aircraft Innovative Technologies // p.18 Entrepreneur, Inventor, Visionary Hans Liebherr's Centenary // p.38 Editorial F.l.t.r.: Nicolas Bonleux, Francis Carla, Heiko Lütjens, Josef Gropper Dear Reader, The aeronautical sector has been enjoying substantial growth We are also strongly committed to the development of for several years now with aircraft manufacturers steadily technologies that will make air transport of the future greener, increasing their production rates of commercial aircraft and safer, more comfortable for passengers and crew, and the airlines showing profitable operation. Also, there is a promising system and components of all our product lines – flight outlook for the coming years. control and actuation, landing gear, air management, gears and gearboxes – more energy-efficient. Liebherr-Aerospace has an integral part in these successful developments: in 2014, we were entrusted with major contracts Making our company future-proof so that we can continue from our customers illustrating their level of confidence in us. offering our customers innovative and competitive solutions These contracts included, for example, components of the is a priority for us. We can count on the outstanding commit- folding wing tip system for the Boeing 777X and the bleed air ment, the broad expertise and the remarkable professional- system for the Airbus A330neo. ism of all members of our staff at Liebherr-Aerospace, and therefore we would like to warmly thank them for their joint Moreover, we have substantially supported our customers performance. in achieving key milestones in the development of their new aircraft.
    [Show full text]
  • Freighters Are Fantastic
    ISSN 1718-7966 MAY 1, 2017/ VOL. 588 WEEKLY AVIATION HEADLINES Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com WORLD NEWS WOW air takes delivery of new A320neo WOW air has received its first A320neo aircraft, via an agreement with Air Lease Corporation (ALC). The new aircraft is the Icelandic airline’s thirteenth in a rapidly ex- panding, all-Airbus fleet and will be deployed on WOW air’s routes to Europe and North America as of May 3rd. “We’re proud to offer a young and technologically advanced Bombardier fleet that allows us to provide our launched a passengers with a comfortable jour- CRJ200 Special Freighter ney at the best possible price,” said programme Skúli Mogensen, WOW air Founder Photo: and CEO. “It is a welcome addition Bombardier to our family of aircraft that now operate on 29 international routes Freighters are fantastic across Europe and North America.” Narrowbodies to continue to increase in demand Pegasus launches five new ACMG, a global air cargo consul- over the past four years has led (P-to-F) conversion activity, and destinations tancy released its 20-year freight- to an increase in the quantity the retirement of freighters from Pegasus Airlines is launching five er forecast at the 5th annual Cargo of narrowbody freighters in the the existing freighter fleet. new destinations from London Facts Asia event in Shanghai. global fleet,” said Robert V. Dahl, Stansted, including Grozny, Samara, Managing Director, ACMG. “This The 20-year freighter forecast in- Nizhny Novgorod and Volgograd in The Forecast stresses the con- increase reverses a trend that cludes ACMG’s expectations for Russia and Abu Dhabi in the United tinuing growth in narrowbody began in 2000 through which the fleet, and the aviation consul- Arab Emirates (UAE).
    [Show full text]
  • Report Titel D 2005 a 2.Qxd (Page 1)
    Winter 2009/ Spring 2010 MEPC: Maintenance in the Desert Kingdom MTU Aero Engines Holding AG Dachauer Straße 665 Technology + ScienceMTU Global Reports 80995 Munich • Germany Tel. +49 89 1489-0 Fax +49 89 1489-5500 www.mtu.de Enhanced cooperation Aiming at high targets Hot and high www.75-years-mtu.de Contents Editorial Cover Story Dear Readers: MEPC: Maintenance in the Desert 4 – 9 Kingdom The economic downturn is continuing to take The growth we anticipate and the acquisition its toll on the commercial aviation business. of additional contracts should subsequently Although MTU Aero Engines is certainly not see us boosting the workforce. At the same Customers + Partners immune to its effects, its robust business time, our cooperation with MEPC is generat- Growing even in difficult times 10 – 13 model is continuing to translate into econom- ing additional business for our Munich plant. An aircraft that adds a whole new 14 – 17 MEPC: Maintenance in the Desert Kingdom ic success. With the defense sector largely dimension unaffected by problems in the economy, our The work with our Arab partners has got off For decades, the Kingdom of Saudi Arabia and MTU have shared a common inter- military engine business is playing a central to an excellent start. The first MEPC techni- est: high-tech for aircraft. The German engine manufacturer has now taken a stake role in ensuring MTU’s stability. cians have already received intensive train- Technology + Science in Middle East Propulsion Company (MEPC). Page 4 ing in Munich and at our Erding facility, and Cool ceramics to cope with hot gases 18 – 21 One of the noticeable trends in this market MTU expertise and know-how has been Enhanced cooperation 22 – 25 Enhanced cooperation over the last few years has been the shift in transferred to Riyadh.
    [Show full text]
  • Report2017.Pdf
    HEGAN is : Associated member of Advisor of Registered at Member of Member of Honorary member of Supply chain Progress towards Aeronautical Community Excellence Collaborator member of INDEX 1. PRESENTATION 2 THE CLUSTER ASSOCIATION 2.1 Organisation 2.2 HEGAN 2017 3 THE CLUSTER MEMBERS 3.1 Members 3.2 Value Chain and Capabilities 3.3 Activities 2017 3.3.1 Aerostrutures 3.3.2 Engines 3.3.3 Systems & Equipment 3.3.4 Space 3.3.5 MRO 3.3.6 R&D Projects 3.4 Programmes and Clients 3.5 2017 Figures 4 ACKNOWLEDGEMENTES .1 PRESENTATION Once again this year, I am delighted to present the annual report for this Basque aeronautics and space cluster association, over which I am honored to preside, especially in the year of our 20th anniversary. Lots of things have happened since 1997… all of them good. We have grown, in terms of the number of members, the number of jobs and turnover; we are involved with the biggest international programs, clients, and projects; we have consolidated a first‐class ecosystem that covers practically the whole of the Basque aerospace sector… In short, during these 20 years, the Basque Country has seen the emergence and consolidation of a thriving industrial sector. In specific terms, in 2017, the sector remained resilient in the face of the volatile and complex climate that has characterized recent years, taking the combined turnover of HEGAN members to €2.43 billion, and the total number of people employed to 14,457. These figures represent growth of 7.9% and 6.2%, respectively, from the previous year and refer to the total for all HEGAN members generated at plants throughout the world.
    [Show full text]
  • 2020 AMC Program
    2020 AMC Program Aviation Maintenance Conference May 11-14 Phoenix, Arizona An ARINC Document Prepared by AMC Published by SAE ITC 16701 Melford Blvd., Suite 120 Bowie, Maryland, 20715 USA AMC Reference 20-017/MSG-363 February 28, 2020 The AMC is an aviation industry activity organized by ARINC Industry Activities to assist aviation interests in cooperating to develop shared technical solutions and to establish technical standards. AMC seeks to reduce life-cycle costs for airborne electronics by promoting reliability and improving maintenance and support techniques through the exchange of engineering, maintenance, and associated technical information and the development of voluntary maintenance-related technical standards. A primary means of exchanging avionics maintenance information is the annual Aviation Maintenance Conference conducted under the auspices of the AMC. The AMC consists of representatives from the technical leadership of the air transport avionics maintenance community. The voting membership of AMC consists of those organization representatives of commercial air transport operators that agree to pay an annual fee appropriate to their size and category. These organizations are known as AMC Member Organizations (AMO). Each organization will have one vote. AMC accomplishes its objectives through a number of activities including the annual AMC conference, AMC Steering Committee meetings, a quarterly newsletter PLANE TALK®, task group activities, and liaison with the AEEC and with other aviation or electronic industry activities. 2020 AMC Program Welcome to the 2020 AMC in Phoenix, Arizona! We are certain that your attendance at the AMC will prove enlightening and beneficial to your organization. The AMC Program is organized into two major sections.
    [Show full text]