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Volvo Aero Services becomes official distribution center for Embraer

The Brazilian aircraft manufacturer Embraer has established a four-year partnership with Volvo Aero Services, naming the company as an official distribution center for Embraer Original Equipment Manufacturer (OEM) aircraft parts. Based in Boca Raton, Florida, Volvo Aero Services will promote and sell spare parts as an Embraer outlet. The agreement covers materials deemed surplus by […]

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HEICO Corporation makes strategic acquisition of VPT

HEICO Corporation released that its Electronic Technologies Group has acquired 82.5% of VPT, Inc. (“VPT”). Financial terms were not disclosed. HEICO stated that it expects VPT to be accretive to its earnings per share during HEICO’s first year of ownership. VPT is a leading designer and provider of innovative power conversion products principally serving the

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Boeing, Rolls-Royce, RUAG Aerospace and Deharde Maschinenbau to Investigate open-fan propulsion technology

Boeing, Rolls-Royce, RUAG Aerospace and Deharde Maschinenbau have entered into a collaborative research agreement to explore the potential of fuel-efficient open-fan (open rotor) propulsion technology for future commercial airplanes. Using technologies and techniques contributed by each of the parties, tests of a model concept airplane with open-fan engines are planned for early in 2010 at

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Quasar Aerospace Industries to acquire manufacturing company

Quasar Aerospace Industries announced the signing of and execution of a binding agreement to acquire a manufacturing company that will provide production capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed. The acquisition is to be made

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