The former Triumph Group aerostructures business recently acquired by private equity firm Arlington Capital Partners has been rebranded Qarbon Aerospace and could be looking to acquire other assets in the embattled sector.
Olivier Jarrault, most recently CEO of LEAP engine blade maker Albany International during a dynamic two-year stint, is now CEO of Cadence Aerospace, a relatively new private equity-backed machined-parts producer for aerospace and defense OEMs and others.
Dave Calhoun is giving himself a dual mandate of returning Boeing to financial eminence while reinstalling engineering prowess. The gambit could decide the embattled company’s fate.
A recent internal study shows more than nine out of 10 repairs performed by the defense industry on U.S. Air Force aircraft are by a sole-source vendor, the service’s top logistics official said on April 28.
Private equity investor Madison Dearborn Partners has bought aerospace and defense supplier Arch Precision Components from the Jordan Co. for an undisclosed amount, the companies announced April 19.
The U.S. Air Force has selected Collins Aerospace to design a new wheel and carbon brake system for the B-52 as part of the aircraft’s life extension program.
Privately owned TECT Aerospace of Wichita, which manufactures complex aerostructure components, parts and assemblies, filed to begin U.S. bankruptcy proceedings April 6.
Privately held PCX Aerosystems, a Newington, Connecticut, aerospace supplier, will buy Senior Aerospace Connecticut (SAC) in Enfield from Tier 2 supplier Senior for $74 million.