Montreal and the surrounding province of Quebec are using a top-to-bottom approach of government and industry support to help their small and medium-size aerospace manufacturers be more competitive by innovating within the supply chain.
Few topics ignite our passion more than technology—its potential as a game-changer, its ability to capture the imagination, its champions, the ingenuity that goes into innovative products, and of course, the shape of things to come.
Nearly 150 years ago, when industrialists were finding new ways to harness steam power, visionary Jules Verne wrote a novel in which he described men journeying to the Moon in a capsule after taking off from a launch site not far from Cape Canaveral. The craft was nearly identical in size to the one that transported Apollo 11 astronauts to the Earth's nearest neighbor, and following its return voyage the capsule was recovered after splashing down in the ocean.
Key stakeholders in the long-term health of the Aerospace & Defense industry should be pleased to learn that some encouraging news came out of Aviation Week's 2011 annual workforce study. For example, voluntary attrition among young A&D professionals in 2010, which peaked at 22% in the prior year, fell to the single digits. To everyone's relief, a tidal wave of retirements forecast for the last several years did not materialize, thanks partly to a moribund economy.
With numerous legacy commercial, civil and military aircraft in operation worldwide, continued support of these platforms is a critical part of the overall aviation marketplace. Ontic, part of BBA Aviation plc, is one of the fastest growing players in that field. Editor-in-Chief Anthony L. Velocci, Jr., recently sat down with Peg Billson, president of BBA Aviation Legacy Support, to talk about Ontic and its direction and business model.
Boeing Chairman, President and CEO Jim McNerney has no illusions about capturing the spotlight at this year's Paris air show. That will likely shine on rival Airbus, which is expected to announce more orders for its re-engined A320 narrowbody, dubbed the NEO (new engine option). Shortly before he left for the Paris air show, McNerney sat down in his office at Boeing's Chicago headquarters with AW&ST Editor-in-Chief Anthony L. Velocci, Jr., and Senior Business Editor Joseph C.
The 2011 Paris air show opens with its customary fanfare and high energy—an unbridled celebration of technology and collaboration worldwide—and the tens of thousands of aerospace industry professionals at Le Bourget brimming with confidence.
When the aerospace and defense industry entered 2011, executives could look back on the prior year and generally feel pretty good about how the sector did overall. Revenues were up modestly but still reached a new high, and profits were substantially greater.
It's not easy to finish first among a group of formidable competitors—let alone four times running.
Yet that is what Lockheed Martin managed to accomplish in the largest-companies grouping in Aviation Week's 16th annual Top-Performing Companies (TPC) study, outpacing second-ranked General Dynamics and third-place Boeing. Oshkosh Corp. captured the top honor for companies with revenues of $5-20 billion, while Cubic took the crown for companies with revenues of $1-5 billion.