Aerospace

Delaware Resource Group of Oklahoma, LLC (DRG) and Alutiiq Career Ventures, LLC (ACV) announce a strategic partnership

Retrieved on: 
Friday, April 5, 2024
Organization, SBA, Partnership, Aerospace, DRG, National Guard Bureau, NASA, Safety, ACV

ANCHORAGE, Alaska, April 05, 2024 (GLOBE NEWSWIRE) -- Delaware Resource Group of Oklahoma, LLC (DRG) and Alutiiq Career Ventures, LLC (ACV) announce they have entered into a Mentor-Protégé Agreement, which is pending approval by the U.S. Small Business Administration (SBA).

Key Points: 
  • ANCHORAGE, Alaska, April 05, 2024 (GLOBE NEWSWIRE) -- Delaware Resource Group of Oklahoma, LLC (DRG) and Alutiiq Career Ventures, LLC (ACV) announce they have entered into a Mentor-Protégé Agreement, which is pending approval by the U.S. Small Business Administration (SBA).
  • “We are grateful for this opportunity to work with such an accomplished company as DRG and look forward to entering the Aerospace and Training marketplace,” said Matt Nelson, President of ACV.
  • ACV, as the Protégé, will gain valuable experience in preparing solicitation responses to diversify its portfolio and pursue new opportunities in the future.
  • “We are excited to see two great organizations come together to achieve mutually beneficial opportunities.

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on: 
Friday, March 29, 2024
LEO, MEO, Communication, AKOM, Aerospace, Telecommunications, BCA, Boeing, Low Earth orbit, Aviation, Private sector, HEO, Business analyst, NTN, Earnout, Unmanned aerial vehicle, OTCQX, Data-rate units, Annual report, PIPE, GEO, Defense, Communications satellite

SILICON VALLEY, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, “AERKOMM”), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp (Nasdaq: IXAQU, “IXAQ”), a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement (“BCA”) and raised US $35 million in a private placement.

Key Points: 
  • Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
  • Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
  • There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
  • AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

Transcat Inc. Announces Executive Leadership Changes

Retrieved on: 
Tuesday, April 9, 2024
Pharmaceutical, Electronic Design Automation, Consumer Electronics, Technology, Medical Devices, Other Manufacturing, Semiconductor, Engineering, Chemicals, Plastics, Biotechnology, Aerospace, Health, Manufacturing, Growth, Inc., CFO, Rudow, TRNS, Accounting, Calibration, Acquisition, Senior, Management

"As we enter the next chapter of Transcat’s growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.

Key Points: 
  • "As we enter the next chapter of Transcat’s growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.
  • "I look forward to Mike’s leadership as our Chief Operating Officer as we continue to enhance our strong competitive advantages within the markets we serve.
  • Rudow concluded, "On behalf of the entire Company, I'd like to thank Mark for his four years of service to Transcat.
  • During his tenure as CFO and COO, Mark played an important role in repositioning our Company's strategies and building our executive team.

Max Space Introduces the Future of Space Expandable Habitats

Retrieved on: 
Tuesday, April 9, 2024
Engineering, Other Manufacturing, Aerospace, Manufacturing, LEO, Aluminium, Architecture, Moon, SpaceX, Research, Starship, Titanium, Creative industries

At a press conference today at the 39th Space Symposium, Max Space , an entrepreneurial new space company, introduced their unique expandable habitat architecture.

Key Points: 
  • At a press conference today at the 39th Space Symposium, Max Space , an entrepreneurial new space company, introduced their unique expandable habitat architecture.
  • Max Space has demonstrated that its proprietary expandable technology can be scaled upwards in size indefinitely while maintaining structural predictability.
  • Twenty-five years of space expandable innovation, research, and testing inform the Max Space habitat design to enable the lowest mass of any other pressurized architecture, whether expandable, aluminum, titanium, or composite—doing so at significant cost savings.
  • “The problem with space today is there isn't enough habitable space in space,” said Max Space co-founder, Aaron Kemmer.

Tom Gentile Appointed CEO & President at Hexcel Corporation

Retrieved on: 
Tuesday, April 9, 2024
Engineering, Aerospace, Manufacturing, 8-K, Culture, Growth, Spirit AeroSystems, Business, GE Capital, Central Waqf Council, Corporation, Knowledge, Honeywell, Aviation, Dean, MBA, Aerospace Industries Association, Harvard University, AIA, Retirement, Dana Incorporated, Management

Hexcel Corporation (NYSE: HXL) announced today that following a comprehensive succession process, its Board of Directors has appointed Thomas C. Gentile III as Chief Executive Officer & President of Hexcel Corporation, effective May 1.

Key Points: 
  • Hexcel Corporation (NYSE: HXL) announced today that following a comprehensive succession process, its Board of Directors has appointed Thomas C. Gentile III as Chief Executive Officer & President of Hexcel Corporation, effective May 1.
  • He will succeed Chairman, CEO & President Nick Stanage who worked closely with the Board on his desire to retire at the end of the year.
  • With his significant leadership and aerospace industry experience and composites knowledge, Tom is ideally suited to lead Hexcel into the future.
  • Previously, he held a succession of leadership roles at GE across the U.S., France and Australia including President & Chief Operating Officer of GE Capital, President & CEO of GE Healthcare Systems, and President & CEO of GE Aviation Services.

nVent's New 2023 Sustainability Report Details Meaningful Progress Across its Focus Areas of People, Products, Planet and Governance

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, Environment, Environmental, Social and Governance (ESG), Engineering, Rail, Automotive Manufacturing, Aerospace, Manufacturing, Transport, Architecture, Other Energy, Telecommunications, Utilities, Oil, Gas, Energy, Data Management, Technology, Retail, Foundation, Sustainability, Building Systems, Supply Chain Management, Professional Services, Philanthropy, Green Technology, Nuclear, Biophysical environment, Electricity, ESG, Gold, Social, Water, NVT, Newsweek, Renewable energy

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the release of its 2023 Sustainability Report.

Key Points: 
  • nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the release of its 2023 Sustainability Report.
  • The report shares nVent's 2023 achievements in each of its Environmental, Social and Governance (ESG) focus areas of People, Products, Planet and Governance and provides updates on progress towards its ESG goals.
  • Our commitment to sustainability is integral to how we operate, and we took measurable steps to improve our environmental impact in 2023.
  • A full copy of the 2023 Sustainability Report can be downloaded at nVent.com/ESG.

Mettler-Toledo International Inc. to Host First Quarter 2024 Earnings Conference Call

Retrieved on: 
Tuesday, April 9, 2024
Machine Tools, Metalworking & Metallurgy, Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Machinery, Quality control, MTD, Food, Mettler Toledo

Mettler-Toledo International Inc. (NYSE: MTD) announced it will release its first quarter 2024 financial results after the market close on Thursday, May 9, 2024.

Key Points: 
  • Mettler-Toledo International Inc. (NYSE: MTD) announced it will release its first quarter 2024 financial results after the market close on Thursday, May 9, 2024.
  • The Company will host a conference call the following morning at 8:30 a.m. Eastern Time to discuss the results.
  • To listen to the live audio webcast of the call, visit Events and Presentations on the Investor section of the Company’s website, investor.mt.com .
  • With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance.

TriMas Announces First Quarter 2024 Earnings Conference Call Date

Retrieved on: 
Tuesday, April 9, 2024
Packaging, Other Manufacturing, Aerospace, Manufacturing, ID

TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2024 earnings conference call on Tuesday, April 30, 2024.

Key Points: 
  • TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2024 earnings conference call on Tuesday, April 30, 2024.
  • The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of first quarter 2024 earnings results at 8 a.m. that day.
  • To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas first quarter 2024 earnings conference call.
  • The conference call will also be simultaneously webcast via TriMas’ website at www.trimas.com , under the “Investors” section, with an accompanying slide presentation.

Amprius Selected to Power AIBOT’s aiEVTOL Ecosystem

Retrieved on: 
Tuesday, April 9, 2024
Air, Technology, Aerospace, Transport, Batteries, Manufacturing, Artificial Intelligence, Ecosystem, Environment, Urban Air Mobility, Partnership, Electric vehicle, AI, Unmanned aerial vehicle, Multimedia

Amprius SiCoreTM batteries will enable AIBOT's next-generation aiEVTOL vehicles, ushering in a new era in electric aviation.

Key Points: 
  • Amprius SiCoreTM batteries will enable AIBOT's next-generation aiEVTOL vehicles, ushering in a new era in electric aviation.
  • View the full release here: https://www.businesswire.com/news/home/20240409450625/en/
    Amprius Selected to Power AIBOT's aiEVTOL Ecosystem (Graphic: Business Wire)
    This strategic partnership underscores both companies' commitment to innovation and sustainability in the electric aviation space.
  • Amprius’ SiCore cells, renowned for their high energy density, power, and reliability, will play a pivotal role in powering AIBOT's aiEVTOL ecosystem, which includes both its heavy-lift air cargo eVTOL drone and single-pilot, six-passenger eVTOL air taxi aircraft.
  • This collaboration is a critical step forward in our commitment to delivering an aiEVTOL ecosystem that is revolutionary and sustainable.

H.I.G. Capital Completes Acquisition of Segers 

Retrieved on: 
Tuesday, April 9, 2024
Aerospace, Manufacturing, Professional Services, Other Transport, Transport, Other Manufacturing, Asset Management, Military, Defense, Engineering, Finance, Growth, Segers, MRO, Honeywell, Acquisition, H.I.G. Capital, Fairhope, Alabama, OEM, Investment, C-130, Safety, Aircraft

"), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Segers Aero Corporation (“Segers” or the “Company”).

Key Points: 
  • "), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Segers Aero Corporation (“Segers” or the “Company”).
  • Segers provides essential maintenance, repair, and overhaul (“MRO”) services on mission-critical military platforms.
  • Segers, headquartered in Fairhope, AL, was founded in 1976 and is led by a team of industry veterans with deep MRO experience.
  • Given our reputation for safety and providing the highest quality services, our customers are increasingly turning to Segers to meet their needs.