Aerospace

Barnes Announces Completion of Previously Announced Sale of Associated Spring™ and Hänggi™ Businesses

Retrieved on: 
Thursday, April 4, 2024
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Barnes Group, Sale, Acquisition, Associated

Barnes Group Inc. (NYSE: B) today announced the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.

Key Points: 
  • Barnes Group Inc. (NYSE: B) today announced the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.
  • “The sale of Associated Spring and Hänggi businesses is an important step in our ongoing portfolio optimization strategy to deliver improved shareholder value,” said President and CEO Thomas Hook.
  • “This divestiture forwards our progress to integrate, consolidate and rationalize our Industrial business, while our recent acquisition of MB Aerospace greatly scales our Aerospace business.
  • Net cash proceeds of approximately $140 million will be used to reduce debt.

Snap-on Incorporated to Webcast 2024 First Quarter Results Conference Call

Retrieved on: 
Thursday, April 4, 2024
Other Manufacturing, Construction & Property, Aftermarket, Automotive, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Download, Webcast, Internet, SNA

Snap-on Incorporated (NYSE: SNA) will release 2024 first quarter results prior to the market open on Thursday, April 18, 2024.

Key Points: 
  • Snap-on Incorporated (NYSE: SNA) will release 2024 first quarter results prior to the market open on Thursday, April 18, 2024.
  • A conference call to discuss the results will be held at 10:00 a.m.
  • The conference call audio and accompanying slides will be webcast live via the Internet.
  • To access the call, visit https://www.snapon.com/EN/Investors/Investor-Events and click on the link to the webcast.

Trousdale Ventures Celebrates Space Economy Portfolio Companies In New Appointments

Retrieved on: 
Thursday, April 4, 2024
Other Transport, Air, Transport, Public Policy, Government, Aerospace, Manufacturing, Other Travel, State, Local, Travel, Venus, Growth, Partnership, Research, HB, House, Ecosystem, Multimedia, Renewable energy

Trousdale Ventures , a venture capital firm specializing in space and mobility investments, announces that the founders of two portfolio companies, CesiumAstro and Venus Aerospace, have been appointed to leadership positions within Texas’s space industry.

Key Points: 
  • Trousdale Ventures , a venture capital firm specializing in space and mobility investments, announces that the founders of two portfolio companies, CesiumAstro and Venus Aerospace, have been appointed to leadership positions within Texas’s space industry.
  • View the full release here: https://www.businesswire.com/news/home/20240404356959/en/
    Texas Governor Greg Abbott visits NASA’s Johnson Space Center to announce the inaugural members of Texas Space Commission Board of Directors and the Texas Aerospace Research and Space Economy Consortium Executive Committee.
  • (Photo: Business Wire)
    “Sassie’s appointment to the Texas Space Commission and Shey’s to TARSEC’s Executive Committee is a testament to their outstanding contributions and leadership within the aerospace industry,” said Phillip Sarofim, Founder and CEO at Trousdale Ventures.
  • As Texas continues to solidify its position as a hub for aerospace innovation and investment, Trousdale Ventures remains committed to supporting the success and growth of its portfolio companies and contributing to the advancement of the state’s aerospace ecosystem.

SAIC Appoints Srini Attili as New Civilian Business Group Executive

Retrieved on: 
Thursday, April 4, 2024
Defense, Technology, Aerospace, Other Technology, Manufacturing, Other Defense, Srinivas, Unified combatant command, Culture, McKinsey & Company, Health, Local, System, Digital transformation, Public sector, Application, Multimedia, SAIC, State, Management

Science Applications International Corp. (NASDAQ: SAIC ), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian and intelligence markets, is pleased to announce the appointment of Srinivas “Srini” Attili as executive vice president, Civilian Business Group, effective May 6, 2024.

Key Points: 
  • Science Applications International Corp. (NASDAQ: SAIC ), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian and intelligence markets, is pleased to announce the appointment of Srinivas “Srini” Attili as executive vice president, Civilian Business Group, effective May 6, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240404255832/en/
    SAIC has appointed Srini Attili to lead the company's Civilian Business Group.
  • (Photo: Business Wire)
    “Srini's extensive experience and strategic impact in our industry make him the right choice to round out our executive leadership team and lead our Civilian business,” said Toni Townes-Whitley, chief executive officer at SAIC.
  • The new Civilian Business Group will encompass the Civilian, Health and State and Local businesses.

Cardinal Glass Turns to Korbyt to Enhance Communication and Engagement at the Company’s Tennessee Manufacturing Facility

Retrieved on: 
Thursday, April 4, 2024
Automotive Manufacturing, Aerospace, Manufacturing, Audio, Video, Other Technology, Software, Finance, Networks, Internet, Banking, Professional Services, Data Management, Technology, Other Manufacturing, Textiles, Steel, Packaging, Engineering, Chemicals, Plastics, Attention, Glass, Growth, Communication, Digital, Partnership, Knowledge, News, Digital signage, Safety, Workforce, Feedback, Sales

Korbyt , the omnichannel workplace communications platform that gives employees access to organizational resources on any screen, collaborated with Cardinal Glass to enhance communication and engagement at the company’s Church Hill, TN facility.

Key Points: 
  • Korbyt , the omnichannel workplace communications platform that gives employees access to organizational resources on any screen, collaborated with Cardinal Glass to enhance communication and engagement at the company’s Church Hill, TN facility.
  • Cardinal Glass , a global leader in the glass development industry, faced significant challenges in effectively communicating with employees.
  • From conveying essential safety information to providing production data for continuous improvement, Cardinal Glass sought to bridge the communication gap and enhance employee engagement and satisfaction.
  • In the company’s quest for a suitable digital signage solution , the Cardinal Glass facility had previously utilized another digital signage solution focused on safety messaging.

Dr. Reymond Clavel and Marc-Olivier Demaurex, Pioneers of the Delta Robot, and Robotics Leader Joe Gemma Selected for 2024 Joseph F. Engelberger Robotics Awards

Retrieved on: 
Thursday, April 4, 2024
Technology, Mobile, Wireless, Packaging, Engineering, Robotics, Automotive Manufacturing, Aerospace, Manufacturing, Machinery, Transport, Hardware, Other Manufacturing, Logistics, Supply Chain Management, Textiles, Joseph, University, Hermes, Artificial intelligence, Automation, Original equipment manufacturer, KUKA, Education, RIA, Corner, Organization, Research, Gemma, Robotic Industries Association, Family, Conference, Growth, EPFL, Wauseon, Ohio, Doctor of Philosophy, Plaque, École polytechnique, Japan Robot Association

The Association for Advancing Automation (A3) announced three longtime industry pioneers as the winners of the 2024 Joseph F. Engelberger Robotics Awards, the world's most prestigious robotics honor.

Key Points: 
  • The Association for Advancing Automation (A3) announced three longtime industry pioneers as the winners of the 2024 Joseph F. Engelberger Robotics Awards, the world's most prestigious robotics honor.
  • Marc-Olivier Demaurex, was selected as a technology winner for his role in pioneering the Delta robot and bringing it to market.
  • The Joseph F. Engelberger Robotics Awards are named after the late Joseph F. Engelberger, known throughout the world as the founding force behind industrial robotics.
  • “The honorees of this year’s Joseph F. Engelberger Robotics Awards have all played critical roles in the development and growth of our industry,” said Jeff Burnstein, president of A3.

One Equity Partners Completes Acquisition of Associated Spring

Retrieved on: 
Thursday, April 4, 2024
Finance, Aerospace, Manufacturing, Professional Services, Engineering, Partnership, Barnes Group, OEP, Growth, Acquisition

One Equity Partners (“OEP”), a middle market private equity firm, today announced it has completed the acquisition of engineered spring and precision components manufacturer Associated Spring (or “the Company”) from global industrial technology and aerospace manufacturer Barnes Group Inc. (NYSE: B).

Key Points: 
  • One Equity Partners (“OEP”), a middle market private equity firm, today announced it has completed the acquisition of engineered spring and precision components manufacturer Associated Spring (or “the Company”) from global industrial technology and aerospace manufacturer Barnes Group Inc. (NYSE: B).
  • Founded in Bristol, Connecticut, Associated Spring is a leading manufacturer of custom parts, including engineered springs and high precision metal components, as well as stamped manufactured solutions and assemblies for industrial, medical, and automotive applications.
  • “This acquisition is another example of OEP’s ability to execute corporate carve-outs of attractive and specialized industrial assets from major industry players,” said Ante Kusurin , Partner, One Equity Partners.
  • “The Company’s management team and I are eager to work with One Equity Partners to guide Associated Spring into its next chapter and build the Company into a stand-alone, market-leading player with advanced technical capabilities,” said Jack Rababeh, Chief Executive Officer of Associated Spring.

Hypersonix Accelerates Company Growth with Strategic Appointment for Chair of the Board

Retrieved on: 
Wednesday, April 3, 2024
Government Technology, Aerospace, Manufacturing, Defense, Engineering, DART, Government, Ambassador, Innovation, Growth, Hypersonic speed, Mach 7, Partnership, Knowledge, Chairperson, 3D, SPARTAN, United, Navigation, Mach, Multimedia

Hypersonix Launch Systems Ltd , Australia’s leading aerospace engineering, design and build company, today announces the appointment of former Australian Ambassador to the United States the Hon.

Key Points: 
  • Hypersonix Launch Systems Ltd , Australia’s leading aerospace engineering, design and build company, today announces the appointment of former Australian Ambassador to the United States the Hon.
  • Arthur Sinodinos AO to the position of Chair of the Board effective 18th March 2024.
  • Previous Chair and Hypersonix Co-Founder David Waterhouse remains on the board in the role of Deputy Chair.
  • “It is a privilege to take on the role of Chair of the Board with Hypersonix and I would like to thank David for his stewardship through the early stages of the company,” said Arthur Sinodinos, Chair of the Board, Hypersonix.

Airbus Ventures Invests in OROS Labs®, Creators of Solarcore® Insulation, in $22M Series B Funding Round

Retrieved on: 
Wednesday, April 3, 2024
Defense, Finance, Contracts, Textiles, Chemicals, Plastics, Professional Services, Aerospace, Manufacturing, Teledyne Technologies, L.L.Bean, The North Face, Heat, Research, CTK, Department of Defence, Transport, Carbon, Teledyne FLIR, Venture, W. W. Grainger, Multimedia, Marketing, Government, Merrell, Columbia Sportswear, REI, Weather

Airbus Ventures announces its investment in OROS Labs, an innovative thermal solutions company, which has raised $22 million to support the company’s expansion in consumer, commercial, and government industries.

Key Points: 
  • Airbus Ventures announces its investment in OROS Labs, an innovative thermal solutions company, which has raised $22 million to support the company’s expansion in consumer, commercial, and government industries.
  • This round of funding was led by Airbus Ventures, with participation from REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, among others.
  • With the flexible design of its thermal product suite, Solarcore® represents the most versatile aerogel materials ever made,” remarks Nicole Conner, Airbus Ventures Partner.
  • “We are proud to lead OROS Labs’ Series B round, and to bring the OROS Labs team into the Airbus Ventures portfolio.”
    “The support from our investors in this Series B funding round strongly reflects our ambition to reinvent a field that has seen limited innovation,” said Michael Markesbery, co-founder and CEO at OROS Labs.

ClearanceJobs Introduces ClearanceJobs Live to Help Defense and Intel Employers Engage the Cleared Community

Retrieved on: 
Wednesday, April 3, 2024
Other Defense, Other Professional Services, Aerospace, Manufacturing, Technology, Human Resources, Other Policy Issues, Audio, Video, Homeland Security, Professional Services, Defense, Public Policy, Government, Other Technology, Other Manufacturing, Engineering, Dice, Q&A, Federation, Dice.com, DHI (company), Multimedia, DHX, ClearanceJobs

Candidate preferences continue to shift toward a more authentic engagement with potential employers, and ClearanceJobs Live helps hiring companies meet cleared candidates where they are.

Key Points: 
  • Candidate preferences continue to shift toward a more authentic engagement with potential employers, and ClearanceJobs Live helps hiring companies meet cleared candidates where they are.
  • ClearanceJobs Live is a seamless and user-friendly live streaming experience.
  • Live videos are saved in a library of recruiter content which is available on demand to the cleared candidate community.
  • Live streaming video is the most popular and engaging digital content delivery method, so ClearanceJobs Live is a natural extension of ClearanceJobs’ evolution as the community for cleared professionals.