CH-53K

Point Blank Enterprises Company Awarded Initial CH-53K Ballistic Armor System Production Contract

Retrieved on: 
Monday, February 14, 2022

POMPANO BEACH, Fla., Feb. 14, 2022 (GLOBE NEWSWIRE) -- The Protective Group (TPG), a Point Blank Enterprises Company has received the first production contract for CH-53K ballistic armor systems.

Key Points: 
  • POMPANO BEACH, Fla., Feb. 14, 2022 (GLOBE NEWSWIRE) -- The Protective Group (TPG), a Point Blank Enterprises Company has received the first production contract for CH-53K ballistic armor systems.
  • TPG has successfully finalized the engineering and qualification phase in support of the United States Marine Corps CH-53K helicopter platform.
  • TPG has core competencies in collaborative digital engineering, light-weight composite armor design and manufacturing which provides the customer with a seamlessly integrated armor system for complex airframes.
  • Point Blank Enterprises, Inc. is a leading provider of high-performance protective solutions, including bullet, fragmentation, and stab resistant apparel and related products and services.

Air Industries Group Announces New $6.0+ Million, Life of the Program, Long-Term Agreement for PW-4000 Jet Turbine Exhaust Cases

Retrieved on: 
Thursday, January 6, 2022

It is anticipated that this contract extension will generate revenue in excess of $6 million over its remaining term.

Key Points: 
  • It is anticipated that this contract extension will generate revenue in excess of $6 million over its remaining term.
  • Turbine Exhaust Cases are highly engineered critical components of jet engines.
  • Sterling Engineering has been producing this component for the PW-4000 jet engine for over ten years.
  • Extending this Exhaust Case component for the life of the program confirms our customers confidence that we can produce it competitively and meet their delivery requirements.

Ducommun Incorporated Acquires Magnetic Seal Corporation

Retrieved on: 
Thursday, December 16, 2021

SANTA ANA, Calif., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (Ducommun or the Company) announced that today, it completed the acquisition of Magnetic Seal Corporation (MagSeal), based in Warren, Rhode Island.

Key Points: 
  • SANTA ANA, Calif., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (Ducommun or the Company) announced that today, it completed the acquisition of Magnetic Seal Corporation (MagSeal), based in Warren, Rhode Island.
  • Founded in 1954 by George E. Colby and Robert L. Stevenson, MagSeal revolutionized the mechanical seal industry with the introduction of its proprietary magnetic seals by incorporating permanent magnets into their design and manufacture.
  • Winston & Strawn, LLP served as legal advisor to Ducommun and Houlihan Lokey served as financial advisor to MagSeal.
  • Respected for their design, quality, and durability, MagSeals have been the seal of choice for special situations where conventional seal designs fall short of expectations.