Hamilton Sundstrand receives pact valued at $2.3 billion to supply systems for MC-21 aircraftAugust 20th, 2009 Hamilton Sundstrand gets contract valued at $2.3BMOSCOW — Aviation electronics manufacturer Hamilton Sundstrand Corp. said Thursday it received a contract valued at about $2.3 billion from Irkut Corp.
Eclipse Aerospace says no other bidders appeared for closed EclipseAugust 14th, 2009 Company wants to take over Eclipse Aviation assetsALBUQUERQUE, N.M. — A company that wants to buy the assets of now-closed Eclipse Aviation hopes to close on the sale by the end of the month.
Triumph Group names new president, COO, appoints CEO as chairmanJuly 27th, 2009 Triumph Group names new president, COOWAYNE, Pa. — Aircraft parts maker Triumph Group Inc.
RBC Bearnings shares fall after recent price hike leads analyst to downgrade the stockJuly 21st, 2009 RBC Bearings falls after analyst downgradeNEW YORK — RBC Bearings Inc., which makes bearings for aerospace and industrial markets, fell Tuesday after an analyst downgraded the stock, which has doubled in value since the last quarter. Peter Lisnic of Baird changed his rating on shares of the Oxford, Conn., company to "Neutral" from "Outperform" after the shares closed Monday at $23.76, up from its March 9 close of $12.27.
Dubai Airshow 2009 attracts top aerospace namesJuly 13th, 2009 DUBAI - The next edition of the Dubai Airshow, considered as the fastest growing airshow in the world, will feature some top brands in the aerospace industry this time, the organisers have said. Airbus with the EADS group will join the Dubai-based international airline Emirates during the biennial show, for which a new exhibition area has been developed to accommodate the unprecedented number of participants and visitors, WAM news agency reported.
Product Recalls: framing nailersJune 25th, 2009 Product Recalls: framing nailersThe following recall has been announced:
About 9,000 Dewalt D51825 and D51850 framing nailers, made in Mexico and distributed by Dewalt Industrial Tool Co. of Towson, Md., because the product's bump action trigger could have been incorrectly assembled.
Canadian plane and train maker Bombardier reports dip in first-quarter profits and revenueJune 3rd, 2009 Bombardier reports dip in 1Q profits, revenueTORONTO — Bombardier Inc. says general economic weakness and order cancellations in its aerospace division have led to a decline in both profits and revenues during the first quarter of fiscal 2010.
GM bankruptcy opens new opportunity for Indian vendorsJune 3rd, 2009 CHENNAI - The decision of General Motors (GM) to file for bankruptcy could create a new supply chain for Indian and Chinese auto component makers, say industry analysts. "Corporate bankruptcy in the US is merely restructuring of operations under the government eye.
India Inc against layoffs, but freezes hiring: SurveyApril 30th, 2009 NEW DELHI - Most Indian companies have decided not to resort to any more job cuts even as they have put a cap on fresh hiring and staff incentives with a curb on outstation travel for executives, says a survey released Thursday. More than 75 percent of the respondents in the survey by PricewaterhouseCoopers (PwC) said they were reviewing their recruitment strategy to manage costs.
ISRO gearing up for spy satellite launch MondayApril 16th, 2009 CHENNAI - India's defence surveillance capabilities will get a quantum boost Monday with the launch of a sophisticated spy satellite that can see through fog and clouds, a facility that has been hitherto unavailable. The Indian Space Research Organisation (ISRO) workhorse polar satellite launch vehicle (PSLV) that will soar aloft from the Satish Dhawan Space Centre at Sriharikota, 80 km from here, with the radar imaging satellite (RISAT), will also put into orbit the Anusat, a micro educational satellite built by Anna University.
No question of scaling down defence expenditure: AntonyFebruary 10th, 2009 BANGALORE - India will continue with its arms acquisition programmes and defence preparedness despite the economic recession, Defence Minister A.K. Antony said here Wednesday.
Antony bemoans high quantum of imports for defence needsFebruary 8th, 2009 BANGALORE - Defence Minister A.K. Antony Monday regretted that India still depended on foreign countries for meeting 70 percent of its defence requirements despite claiming to have the world's fourth largest scientific community.
Global fighter jets scramble for Indian aero showpieceFebruary 7th, 2009 BANGALORE - Global aerospace majors like Lockheed Martin, Boeing and Dassault have flown in their metal birds to India's IT hub to showcase their air power at the seventh Aero India 2009 biannual trade expo that takes off Wednesday from the Indian Air Force (IAF) station at Yelahanka. Billed as Asia's premier event in the aviation sector, the five-day international trade expo-cum-conference will showcase an array of fighter jets, helicopters, transport and civil aircraft, unmanned aerial vehicles and a host of products/technologies that form the eco-system of the multi-billion dollar global aerospace industry.
Oil sector employees to go ahead with strikeJanuary 5th, 2009 NEW DELHI - Oil sector strike seems set to go ahead from Wednesday, with both the government and employees of the public sector oil companies staying adamant on their respective positions. The Oil Sectors Officers Association (OSOA), representing around 45,000 public sector employees in 14 organisations, called for an indefinite strike from Wednesday demanding higher wages.
Hindustan Aeronautics repair facility plan hits air pocketDecember 28th, 2008 BANGALORE - Turbulence in the civil aviation sector has forced the state-run Hindustan Aeronautics Ltd (HAL) to put on hold plans to build an aerospace MRO (maintenance, repair and overhauling) facility at its airport here. 'We have delayed our plans to foray into the MRO business due to recession in the civil aviation industry.
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