UTC Aerospace Systems

David B. Carter Joins Ducommun Incorporated's Board of Directors

Retrieved on: 
Monday, February 5, 2024
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SANTA ANA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) announced today that its Board of Directors elected David B. Carter as an independent director of the company, effective February 1, 2024.

Key Points: 
  • SANTA ANA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) announced today that its Board of Directors elected David B. Carter as an independent director of the company, effective February 1, 2024.
  • Mr. Carter’s appointment expands the number of directors on Ducommun’s board to nine, eight of whom are independent.
  • Mr. Carter will be a member of the company’s Innovation Committee.
  • Mr. Carter holds a Master of Science degree in Mechanical Engineering from the University of Virginia, Charlottesville.

Parker Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, November 2, 2023
NYSE, International, Parker Hannifin, Parker, Win, UTC Aerospace Systems, EPS, Webcast, Motion, Video game

Adjusted net income was $776.4 million, an increase of 26% compared with $615.5 million in the first quarter of fiscal 2023.

Key Points: 
  • Adjusted net income was $776.4 million, an increase of 26% compared with $615.5 million in the first quarter of fiscal 2023.
  • This quarter marks the one year anniversary of Meggitt joining Parker, which helped contribute to an outstanding quarter for the Aerospace Systems segment.
  • Parmentier added, “With such a strong start to the fiscal year, we have raised our guidance for fiscal 2024.
  • We have a very promising future.”
    NOTICE OF CONFERENCE CALL: Parker Hannifin's webcast to discuss its fiscal 2024 first quarter results is available to all interested parties via live webcast today at 11:00 a.m.

Hertz Names Justin Keppy as Chief Operating Officer

Retrieved on: 
Tuesday, October 24, 2023
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ESTERO, Fla., Oct. 24, 2023 /PRNewswire/ -- Hertz Global Holdings, Inc., (NASDAQ: HTZ), a global leader in car rental, today announced that Justin Keppy will join the company as Executive Vice President and Chief Operating Officer, effective November 15, 2023.

Key Points: 
  • ESTERO, Fla., Oct. 24, 2023 /PRNewswire/ -- Hertz Global Holdings, Inc., (NASDAQ: HTZ), a global leader in car rental, today announced that Justin Keppy will join the company as Executive Vice President and Chief Operating Officer, effective November 15, 2023.
  • In this role, Keppy will be responsible for running the day-to-day operations of the company's global business.
  • Keppy joins Hertz from Carrier Corporation where he most recently served as President, North America Residential & Light Commercial HVAC.
  • "I'm thrilled to join Hertz at such a transformational time for the company and the broader travel and automotive industries," said Keppy.

WESTEC 2023 Exhibitor Preview: Innovative Global Suppliers, Distributors and Equipment Builders to Demonstrate Latest Technologies and Solutions for West Coast Manufacturers

Retrieved on: 
Monday, October 23, 2023
Automotive, Steel, Technology, Packaging, Other Defense, Engineering, Contracts, Chemicals, Plastics, Automotive Manufacturing, Aerospace, Manufacturing, Training, General Automotive, Defense, Semiconductor, Machine Tools, Metalworking & Metallurgy, Nanotechnology, Continuing, Education, Hardware, Name, SME, FANUC, MSC Industrial Direct, UTC Aerospace Systems, Association for Manufacturing Technology, Robotics, Human, Automation, CNC, Original equipment manufacturer, International Manufacturing Technology Show, Maintenance, TPV Technology, Multimedia, Siemens, Growth, MSC, Medicine, Application, Golden State Foods, SMM, Long Beach Convention and Entertainment Center, Heat, Packaging Machinery Manufacturers Institute, Investment, LFV, General Mills, AMT, Machine shop, 3D printing

The WESTEC 2023 exhibitor lineup includes some of the most innovative names in manufacturing and draws hundreds of global suppliers, distributors and equipment builders.

Key Points: 
  • The WESTEC 2023 exhibitor lineup includes some of the most innovative names in manufacturing and draws hundreds of global suppliers, distributors and equipment builders.
  • FUJI Machine America Corp (Booth #2145) provides sales and support for robot integrated machine tools to customers in need of reliable equipment solutions.
  • Selway Machine Tool Co (Booth #1411) tailors solutions for manufacturers’ distinctive CNC production processes, whether it’s intricate prototypes or high-volume automated production.
  • To support the region’s industrial progress in aerospace and defense, WESTEC 2023 is co-located with the AeroDef Manufacturing conference .

Parker Reports Fiscal 2023 Fourth Quarter and Full Year Results and Issues Guidance for Fiscal 2024

Retrieved on: 
Thursday, August 3, 2023
International, Parker, Win, Record, Motion, Acquisition, UTC Aerospace Systems, Webcast, Parker Hannifin, NYSE, Music, Video game, Security (finance), Tobacco, Meggitt

CLEVELAND, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2023 fourth quarter ended June 30, 2023. Fiscal 2023 fourth quarter sales were a record at $5.1 billion, an increase of 22%, compared with $4.2 billion in the fourth quarter of fiscal 2022. Net income was $709.0 million compared with $128.8 million in the prior year quarter. Adjusted net income was $791.4 million, an increase of 18% compared with $671.5 million in the fourth quarter of fiscal 2022. Earnings per share were $5.44 compared with $0.99 in the fourth quarter of fiscal 2022. Adjusted earnings per share increased 18% to a record of $6.08 compared with $5.16 in the prior year quarter.

Key Points: 
  • Fiscal 2023 fourth quarter sales were a record at $5.1 billion, an increase of 22%, compared with $4.2 billion in the fourth quarter of fiscal 2022.
  • Adjusted net income was $791.4 million, an increase of 18% compared with $671.5 million in the fourth quarter of fiscal 2022.
  • Earnings per share were $5.44 compared with $0.99 in the fourth quarter of fiscal 2022.
  • For the full year, fiscal 2023 sales were a record at $19.1 billion, an increase of 20%, compared with $15.9 billion in fiscal 2022.

Digital Locations CEO Rich Berliner Discussed the Potential of Direct Satellites to Smartphone Communication with Space Technology and Security Expert

Retrieved on: 
Tuesday, July 25, 2023
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SANTA BARBARA, CA, July 25, 2023 (GLOBE NEWSWIRE) -- Digital Locations, Inc. (OTCMKTS: DLOC), the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced that in a recent podcast, its CEO, Rich Berliner, spoke with Dr. Gregory Falco, Assistant Prof at Cornell University. During the conversation, Dr. Falco commented about the challenges of communication ambiguity and data ownership

Key Points: 
  • He is the director of the Aerospace ADVERSARY Laboratory, which designs and develops next-generation autonomous, secure and resilient space infrastructure.
  • His space technology research is policy-relevant and advances standards and national security conversations relating to space supremacy and cybersecurity.
  • He was listed in Forbes 30 Under 30 for Enterprise Technology, named a DARPA RISER, and received the DARPA Young Faculty Award for his disruptive security and space technology research.
  • He consults for a range of big technology companies, space systems and defense contractors including Johns Hopkins University’s Applied Physics Laboratory.

The Atlas Group Names Roger Ross as Chief Executive Officer

Retrieved on: 
Tuesday, May 30, 2023
StandardAero, Defense, Atlas Group, Belcan, Utility, Partnership, UTC Aerospace Systems, Growth, AEI, Management, Space

WICHITA, Kan., May 30, 2023 /PRNewswire/ -- The Atlas Group ("Atlas" or the "Company"), a leading supplier of complex assemblies for commercial, business and defense aerospace customers worldwide, announced today that Roger Ross has been named Chief Executive Officer, effective May 25, 2023. Mr. Ross succeeds Rick Wolf, who will become Vice Chairman of the Board of Directors and will remain involved with the strategic direction of the Company. 

Key Points: 
  • WICHITA, Kan., May 30, 2023 /PRNewswire/ -- The Atlas Group ("Atlas" or the "Company"), a leading supplier of complex assemblies for commercial, business and defense aerospace customers worldwide, announced today that Roger Ross has been named Chief Executive Officer, effective May 25, 2023.
  • Mr. Ross is a seasoned aerospace executive who most recently served as Group President, Aero Systems, at Woodward Corporation.
  • Mr. Ross is joining Atlas at an exciting time, as the Company is experiencing tremendous growth with new and existing customers on multiple aircraft platforms.
  • On behalf of everyone at Atlas and AEI, we thank Rick for his many contributions to the Company's success and his unwavering commitment to Atlas.

Parker Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, May 4, 2023
International, Win, Motion, EBITDA, Acquisition, UTC Aerospace Systems, Webcast, Meggitt, EPS, Parker Hannifin, NYSE, Bookkeeping, Video game, Parker

CLEVELAND, May 04, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2023 third quarter ended March 31, 2023. Fiscal 2023 third quarter sales were a record at $5.1 billion, an increase of 24%, compared with $4.1 billion in the third quarter of fiscal 2022. Net income was $590.9 million compared with $348.0 million in the prior year quarter. Adjusted net income was $771.9 million, an increase of 22% compared with $630.2 million in the third quarter of fiscal 2022. Earnings per share were $4.54 compared with $2.67 in the third quarter of fiscal 2022. Adjusted earnings per share increased 23% to a record of $5.93 compared with $4.83 in the prior year quarter. Fiscal 2023 year-to-date cash flow from operations increased 16% to $1.8 billion, or 12.8% of sales compared with $1.5 billion, or 13.3% of sales, in the prior year. A reconciliation of non-GAAP measures is included in the financial tables of this press release and includes various expenses associated with the completion of the acquisition and divestitures during fiscal 2023.

Key Points: 
  • Fiscal 2023 third quarter sales were a record at $5.1 billion, an increase of 24%, compared with $4.1 billion in the third quarter of fiscal 2022.
  • Adjusted net income was $771.9 million, an increase of 22% compared with $630.2 million in the third quarter of fiscal 2022.
  • Parker has increased its outlook for organic sales and earnings per share for the fiscal year ending June 30, 2023.
  • Parmentier added, “Our results this quarter give us confidence in a strong finish to the fiscal year.

How technology can solve a company's organizational challenges?

Retrieved on: 
Wednesday, January 25, 2023
Software, Networks, Professional Services, Internet, Business, Data Management, IOT (Internet of Things), Technology, University, Artificial Intelligence, 5G, Education, Consulting, ASDL, PLM, Georgia Tech, Research and development, Georgia Institute of Technology Institute for Robotics and Intelligent Machines, Data science, Capgemini Engineering, Intelligence, Digital continuity, Outline, Engineering, Ecosystem, Research, Artificial intelligence industry in China, UTC Aerospace Systems, Architecture, R, Problem solving, School, Machine learning, Capgemini, Product lifecycle, Risk management, Management

Capgemini announced today a new research collaboration project with the Georgia Institute of Technology (Georgia Tech).

Key Points: 
  • Capgemini announced today a new research collaboration project with the Georgia Institute of Technology (Georgia Tech).
  • Capgemini and Georgia Tech will collaborate to define and design the future of engineering and Research & Development (R&D) processes within the enterprise through the development of digital twin technology.
  • It will leverage artificial intelligence and machine learning capabilities to address how technology can help solve the key challenges of a more intelligent industry in society.
  • “The ability to digitally simulate the complex system of the enterprise is imperative for organizational problem solving.

Global Airborne ISR Market 2022 to 2031 - Major Players Include Raytheon Technologies, Lockheed Martin, BAE Systems and Northrop Grumman - ResearchAndMarkets.com

Retrieved on: 
Friday, January 20, 2023
Defense, Air, Technology, Satellite, Transport, Military, Benchmark, Raytheon Technologies, Organization, Coronavirus, Teledyne FLIR, Government, Create, Northrop Grumman, UTC Aerospace Systems, Violence, SIGINT, Data wrangling, Acquisition, Terror, General Dynamics, Thales Group, Software, Artificial intelligence, Lockheed Martin, Fear, Quantum technology, General Atomics, PAL Airlines, MAK Technologies, Inc., Climate, ISR, L3Harris Technologies, BAE Systems, Robotics, CACI, Uranium mining, Marketing, Arms industry, Airbus

This report provides strategists, marketers and senior management with the critical information they need to assess the global airborne ISR market.

Key Points: 
  • This report provides strategists, marketers and senior management with the critical information they need to assess the global airborne ISR market.
  • Major players in the airborne ISR market are Raytheon Technologies Corporation, Lockheed Martin, BAE Systems, Northrop Grumman, L3Harris Technologies, Inc., Thales Group, Elbit Systems Ltd, General Dynamics, FLIR Systems Inc., Airbus, General Atomics, CACI International Inc., UTC Aerospace Systems, PAL Aerospace, and ALTUS LSA.
  • The airborne ISR system refers to airborne ISR hardware systems integrated into military and civil aircraft for on-board and off-board collection and targeting data into customized airborne mission systems.
  • The countries covered in the airborne ISR market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.