Aerospace

Stratasys Ltd. Announces Proposed Public Offering of Ordinary Shares

Tuesday, March 2, 2021 - 9:09pm

Stratasys Ltd. (NASDAQ: SSYS) today announced that it intends to offer up to $200 million of its ordinary shares in an underwritten public offering.

Key Points: 
  • Stratasys Ltd. (NASDAQ: SSYS) today announced that it intends to offer up to $200 million of its ordinary shares in an underwritten public offering.
  • Stratasys also expects to grant the underwriters a 30-day option to purchase up to an additional $30 million of its ordinary shares.
  • All the shares in the proposed offering are to be sold by Stratasys.
  • There can be no assurance that Stratasys will be able to complete the public offering on the anticipated terms, or at all.

Teledyne e2v HiRel and Integra Technologies Inc. Partner on High Voltage GaN Devices

Tuesday, March 2, 2021 - 4:46pm

Teledyne e2v HiRel Electronics, a leading provider of high reliability semiconductor solutions, today announced a new high reliability partnership with California-based Integra Technologies, Inc. (Integra).

Key Points: 
  • Teledyne e2v HiRel Electronics, a leading provider of high reliability semiconductor solutions, today announced a new high reliability partnership with California-based Integra Technologies, Inc. (Integra).
  • View the full release here: https://www.businesswire.com/news/home/20210302005930/en/
    With Integra, Teledyne e2v HiRel will specialize in providing high power RF devices for emerging space applications in the LEO and GEO payload market.
  • Teledyne will also offer high reliability options for Integra's popular GaN on SiC power devices and pallets targeted at the defense market.
  • Our space customers are requesting RF power devices at higher power density levels and operating at higher frequencies, said Brad Little, VP and General Manager of Teledyne e2v HiRel.

Global Aerospace Support and Auxiliary Equipment Markets, 2015-2020, 2020-2025F, 2030F Featuring Major Players - Lockheed Martin, Northrop Grumman, Raytheon, Reutech Radar Systems & Rockwell Collins - ResearchAndMarkets.com

Tuesday, March 2, 2021 - 2:55pm

Major companies in the aerospace support and auxiliary equipment market include Lockheed Martin; Northrop Grumman; Raytheon; Reutech Radar Systems and Rockwell Collins.

Key Points: 
  • Major companies in the aerospace support and auxiliary equipment market include Lockheed Martin; Northrop Grumman; Raytheon; Reutech Radar Systems and Rockwell Collins.
  • The aerospace support and auxiliary equipment market consists of sales of support and auxiliary equipment by entities (organizations, sole traders or partnerships) that produce support and auxiliary equipment including commercial radars, air traffic control towers, satellites and other auxiliary equipment.
  • Asia Pacific was the largest region in the global aerospace support and auxiliary equipment market, accounting for 37% of the market in 2020.
  • North America was the second largest region accounting for 23% of the global aerospace support and auxiliary equipment market.

Constant Aviation Marks 15 Years of Growth and Accomplishments

Tuesday, March 2, 2021 - 2:20pm

In its 15th year and beyond, Constant Aviation is well-positioned to compete successfully in a growing MRO market.

Key Points: 
  • In its 15th year and beyond, Constant Aviation is well-positioned to compete successfully in a growing MRO market.
  • Since its beginning, Constant Aviation has specialized in major airframe inspections for business jets.
  • This merger gives Constant Aviation access to unmatched engineering and production solutions to address complex accessory and composite issues.
  • In 2020, Nextant and Constant Aviation won the prestigious contract to upgrade the Federal Aviation Administrations (FAA) Flight Program Challenger 604 aircraft.

Lone Star Analysis Announces UK-Based Subsidiary, Lone Star Analysis Ltd.

Tuesday, March 2, 2021 - 2:50pm

Lone Star Analysis , a trusted provider of leading-edge predictive and prescriptive analytics, and guided artificial intelligence solutions, has officially launched Lone Star Analysis Ltd., a U.K.-based subsidiary focused on growing the companys operations throughout Europe.

Key Points: 
  • Lone Star Analysis , a trusted provider of leading-edge predictive and prescriptive analytics, and guided artificial intelligence solutions, has officially launched Lone Star Analysis Ltd., a U.K.-based subsidiary focused on growing the companys operations throughout Europe.
  • Expansion into the U.K. is an exciting step for Lone Star, said Steve Roemerman, CEO and chairman, Lone Star Analysis.
  • Lone Star Analysis Ltd. will offer the same services as its parent company, in addition to an array of expanded training offerings.
  • Lone Star Analysis is a Dallas-based provider of applied decision intelligence and engineering solutions.

BAE Systems Starts Electronic Warfare System Production for U.S. Air Force F-15s

Tuesday, March 2, 2021 - 2:00pm

BAE Systems has received a $58 million contract from Boeing to start Low Rate Initial Production (LRIP) of the F-15 Eagle Passive Active Warning and Survivability System (EPAWSS) for the U.S. Air Force.

Key Points: 
  • BAE Systems has received a $58 million contract from Boeing to start Low Rate Initial Production (LRIP) of the F-15 Eagle Passive Active Warning and Survivability System (EPAWSS) for the U.S. Air Force.
  • The electronic warfare (EW) and countermeasures system provides advanced electromagnetic capabilities that protect pilots and help them maintain air superiority during their toughest missions.
  • View the full release here: https://www.businesswire.com/news/home/20210302005222/en/
    The electronic warfare and countermeasures system on the F-15 Eagle, made by BAE Systems, provides advanced electromagnetic capabilities that protect pilots and help them maintain air superiority during their toughest missions.
  • Photo credit: BAE Systems
    The start of EPAWSS production marks a critical milestone and is a testament to the dedication and commitment of our industry team, said Jerry Wohletz, vice president and general manager of Electronic Combat Solutions at BAE Systems.

PPG Appoints John Stephenson as Director, Acquisition Integration

Tuesday, March 2, 2021 - 2:03pm

PPG (NYSE:PPG) today announced that John Stephenson, current business controller, industrial coatings, has been promoted to director, acquisition integration.

Key Points: 
  • PPG (NYSE:PPG) today announced that John Stephenson, current business controller, industrial coatings, has been promoted to director, acquisition integration.
  • In this new global role, Stephenson reports to Michael McGarry, PPG chairman and chief executive officer.
  • View the full release here: https://www.businesswire.com/news/home/20210302005195/en/
    PPG announced that John Stephenson has been promoted to director, acquisition integration.
  • We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

L3Harris Technologies to Design Long-Endurance Autonomous Surface Ship Concept for US Defense Advanced Research Projects Agency

Tuesday, March 2, 2021 - 2:00pm

L3Harris Technologies (NYSE:LHX) has been selected to design an autonomous surface ship concept for the U.S. Defense Advanced Research Projects Agency (DARPA) to demonstrate the reliability and feasibility of an unmanned ship performing lengthy missions.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) has been selected to design an autonomous surface ship concept for the U.S. Defense Advanced Research Projects Agency (DARPA) to demonstrate the reliability and feasibility of an unmanned ship performing lengthy missions.
  • The L3Harris design concept will streamline NOMARS construction, logistics, operations and maintenance life-cycle.
  • The L3Harris design features an advanced operating system that can make decisions and determine actions on its own without direct human interaction.
  • This concept optimizes autonomous surface ship operations to support the U.S. Navys future missions.

Crawford United Corporation Acquires Global-Tek Manufacturing and Machining Technology

Tuesday, March 2, 2021 - 1:37pm

CLEVELAND, March 02, 2021 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase of Global-Tek Manufacturing in Ceiba, Puerto Rico and Machining Technology in Longmont, Colorado effective March 1, 2021.

Key Points: 
  • CLEVELAND, March 02, 2021 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase of Global-Tek Manufacturing in Ceiba, Puerto Rico and Machining Technology in Longmont, Colorado effective March 1, 2021.
  • Global-Tek and Machining Technology are strategically important to our growing presence in the aerospace and defense markets, said Brian Powers, CEO of Crawford United.
  • The acquisitions are expected to add approximately $8 million in annualized revenue to Crawford United and be immediately accretive to earnings.
  • Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, education, transportation, and petrochemical.

Sanborn Partners with U.S. Geological Survey on Arizona Project

Tuesday, March 2, 2021 - 1:00pm

Sanborn, in partnership with VeriDaaS Corporation (VeriDaaS), the State of Arizona (Arizona), and the USGS, has developed a public-private partnership to accomplish an aerial lidar survey in Arizona, consisting of approximately 5,033 square miles, including the partial counties of Maricopa and Pinal.

Key Points: 
  • Sanborn, in partnership with VeriDaaS Corporation (VeriDaaS), the State of Arizona (Arizona), and the USGS, has developed a public-private partnership to accomplish an aerial lidar survey in Arizona, consisting of approximately 5,033 square miles, including the partial counties of Maricopa and Pinal.
  • Sanborn has been awarded this Task Order (TO) through the Geospatial Product and Service Contracts (GPSC) v3 contract.
  • The public-private partnership includes local, state, and federal government partners combined with private funding from VeriDaaS.
  • Recently, the program was opened to include commercial partners as well as government partners.