New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) Jun 10, 2013
Boeing Boeing expects piracy to boost patrol jet orders. Interest from outside the U.S. in Boeing's long-range patrol jets is likely to increase as threats from piracy grow, the company believes, and that could be a source of sales larger than to the U.S. military. Because of piracy threats, "We're getting interest from countries that have never had fixed-wing maritime patrol," said Egan Greenstein, business development director for the P-8 program, Boeing's military version of the 737. Jun 4, 2013
EADS EADS North America Delivers 15th HC-144A Ocean Sentry to U.S. Coast Guard. The U.S. Coast Guard took delivery of its 15th HC-144A Ocean Sentry maritime patrol aircraft from prime contractor EADS North America. The Ocean Sentry is based on the Airbus Military CN235 tactical airlifter, more than 230 of which are currently in operation by 29 countries. The latest aircraft delivered on-time and on-budget, will join a fleet of Ocean Sentries performing in a range of different roles from Coast Guard Air Stations in Cape Cod, Mass., Mobile, Ala., and Miami. With the ability to remain airborne for more than ten hours, the Ocean Sentry is performing a wide range of maritime patrol missions for the Coast Guard, including drug and migrant interdiction, disaster response, and search and rescue. "In today's tight budget environment, the U.S. Coast Guard needs programs that deliver what's been promised," said Sean O'Keefe, EADS North America Chairman and CEO. "EADS North America and Airbus Military are proud to be working with the USCG to field this capability consistently on schedule and on cost, and will continue to support this mission." The United States Coast Guard operates fourteen HC-144A Ocean Sentry Maritime Patrol Aircraft and has three additional planes on order scheduled for delivery in 2013 and 2014. The Coast Guard plans for a fleet of 36 Ocean Sentries. The HC-144A achieved initial operational capability with the Coast Guard in 2008. For more information, please visit: www.uscg.mil/acquisition/MRS www.eadsnorthamerica.com/north-america/usa/en/HC-144A/Overview.html www.airbusmilitary.com/Aircraft/CN235/CN235About.aspx Jun 5, 2013
HEICO Corporation HEICO Corporation Subsidiary Completes Reinhold Acquisition. HEICO Corporation (NYSE:HEI.A) and (HEI) today announced that its Flight Support Group completed its planned acquisition of Reinhold Industries from certain affiliates of The Jordan Company, L.P. HEICO stated that it expects the purchase to be accretive to its earnings per share in the first twelve months following the closing. HEICO further reiterated that Reinhold's management is remaining with the company in their prior positions and the company does not expect any employee turnover as a result of the acquisition. Santa Fe Springs, CA-based Reinhold, which will continue to operate under the Reinhold name in its current locations, is believed to be the world's leading manufacturer of advanced niche components and complex composite assemblies for commercial aviation, defense and space applications. A majority of Reinhold's revenue is derived from the design, manufacture and sale of commercial aircraft components, such as its unique composite seatbacks and related components used in a large number of airliner seats. Reinhold also generates a substantial portion of its sales from defense activities, principally those related to...