January 14, 2019 Update
KAL Capital News
We are pleased to announce that our client STS Aviation Group has entered into an equity partnership with Greenbriar Equity Group.
STS Aviation Group (“STS”) provides one-stop aviation solutions through its three operating divisions focused on Technical Services, Component Solutions, and Maintenance, Engineering, & Modifications (MEM).
SAIC and Engility Announce Approval of Merger by Stockholders
Both SAIC and Engility shareholders voted with over 98% approval of the merger.
Embraer and Boeing Receive Brazilian Government Approval of Strategic Partnership
Boeing will hold an 80 percent ownership stake in the new company and Embraer will hold the remaining 20 percent.
The companies have also agreed to terms for another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390 – Embraer will own 51% of this partnership.
Jean-Marc Nasr appointed President Asia-Pacific, Airbus
Jean-Marc Nasr is concurrently nominated as Head of Regional Sales Asia-Pacific, including China and India, for Airbus Defence and Space.
General Dynamics NASSCO Commissions New Panel Line
General Dynamics NASSCO held a ceremony to commission its new panel line, which expands steel production capabilities for the construction of commercial and government ships in San Diego.
The new panel line enables distortion-free welding of plates as thin as five millimeters to produce lighter, more energy efficient ships.
Iridium Completes Satellite Launch Campaign
On 01/11/2019, a SpaceX Falcon 9 rocket launched from Vandenberg Air Force Base and delivered the final 10 Iridium® NEXT satellites to low earth orbit (LEO). All 10 satellites have successfully communicated with the Iridium Satellite Network Operations Center and are preparing to undergo initial on-orbit testing. This was the eighth and final launch for Iridium’s historic launch campaign with SpaceX, with a total of 75 new satellites deployed over less than two years.
Boeing revealed the newest Transonic Truss-Braced Wing (TTBW)
Researchers say will fly higher and faster than the previous TTBW concepts. The new configuration is designed to offer unprecedented aerodynamic efficiency while flying at Mach 0.80.
U.S. Air Force Accepts First Boeing KC-46A Pegasus Tanker Aircraft
The U.S. Air Force has accepted the first Boeing KC-46A Pegasus tanker aircraft, setting the stage for the aircraft’s delivery to McConnell Air Force Base in the coming weeks.
During extensive flight testing, six KC-46 completed more than 3,800 flight hours and offloaded more than four million pounds of fuel to A-10, B-52, C-17, KC-10, KC-135, KC-46, F-15E, F-16 and F/A-18 aircraft.
Airbus Hits New Commercial Aircraft Delivery Record in 2018
Airbus SE delivered 800 commercial aircraft to 93 customers in 2018.
Boeing Sets New Airplane Delivery Record While Expanding Order Backlog
Boeing delivered 69,737 airplanes in December and set a new annual record of 806 deliveries in 2018, surpassing its previous record of 763 deliveries in 2017.
Kellstrom Defense Aerospace, Inc. Acquires Williams Aerospace and Manufacturing, Inc.
Williams Aerospace and Manufacturing, Inc. is a long-term Lockheed Martin Hologram Product Program licensee for the P-3 and C-130 and a manufacturer of parts for the C-5, F-16 and other U.S. OEM defense platforms.
Parsons Corp. Acquires OGSystems, LLC From General Catalyst Partners
OGSystems, LLC provides solutions in geospatial intelligence, big data analytics, and threat mitigation. OGSystems’ core defense and intelligence customers include the National Geospatial-Intelligence Agency (NGA), the National Reconnaissance Office (NRO), and Special Operations Command (SOCOM).
Nammo AS Completes Acquisition of MAC, LLC
MAC, LLC develops and manufactures lightweight polymer cartridge cases for small and medium caliber ammunition.
Hexcel Corp. Completes Acquisition of ARC Technologies, Inc.
ARC Technologies, Inc. is a supplier of custom RF / EMI and microwave absorbing composite materials for military, aerospace and industrial applications.
Gallant Capital Partners, LLC Completes Investment in Aero Turbine, Inc.
Aero Turbine provides turbine engine and accessory overhaul, repair and testing services to military and commercial clients.
Essex Industries, Inc. Acquires Momeni Engineering, LLC
Momeni Engineering LLC provides precision machined OEM parts and assemblies to aerospace and medical companies.
Delta Air Lines Contracts With C Series Aircraft Limited Partnership for 15 Airbus A220-300 Aircraft
Delta Air Lines awarded C Series Aircraft Limited Partnership (CSALP) an order for 15 A220-300 model aircraft.
The value of the order is $1.37 billion at list prices. Delta also converted earlier A220 orders to the larger -300, bringing to 50 the number of A220-300s on order.
Lockheed Martin Contracts With FAAC Inc. to Support the Army Training Aids, Devices, Simulators and Simulations (TADSS) Maintenance Program (ATMP)
DLA Aviation and Missile Command W and G Machine Company for UH-60 Black Hawk Flutter Dampeners
Army ACC-APG Contracts With Northrop Grumman for Small Tactical Radar Lightweight Synthetic Aperture Radar/Ground Moving Indicator Target System (STARLite SAR/GMIT) Support
AFLCMC Warner Robins Contracts With Lockheed Martin for C-5 Sustaining Engineering and Technical Support Services (SETSS)
DLA Aviation and Missile Command Contracts With Transaero for UH-60A Black Hawk Fixed Landing Gear
MDA Contracts With Raytheon for Multi-Spectral Targeting System (MTS) Sensor Support