We will see good growth going forward for aerospace: Cyient – Moneycontrol.com

In an interview with CNBC-TV18, Ajay Aggarwal, CFO, Cyient Ltd spoke about the results and his outlook for the company.

For the company, we have been seeing very good growth in the last two quarters. H1FY18 reported 16 percent earnings growth compared to H1FY17. Revenue is growing in double digits, he said.

Aerospace is growing in single digit for H1 but for H2, we are seeing much better traction in the segment, he added.

Going forward, we don’t see any issues in aerospace, we will see good growth, said Aggarwal.

We are looking to sustain the margin or marginally improving it, we are doing very well on margin side, he further mentioned.

For full interview, watch accompanying video…

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Aeronatics expert: Aviation, aerospace is one of Oklahoma's top cconomic engines – Norman Transcript

The aviation and aerospace industry is the second largest economic engine in Oklahoma. Airports, off-airport aviation and aerospace businesses, and military aviation produce almost $44 billion in annual economic activity, according to Grayson Ardies, manager of the airport development division of the Oklahoma Aeronautics Commission. 

Ardies spoke to the Norman Chamber of Commerce Aviation/Transportation Committee about an economic impact study of aviation and aerospace recently completed for the Aeronautics Commission. 

Aviation and aerospace supports 206,000 jobs and an $11.7 billion payroll. Military aviation accounts for the largest part of the total economic activity, yielding $19.3 billion. The over 870 off-airport aviation and aerospace businesses are responsible for $13.9 billion. The 4 commercial airports, 105 general aviation airports, and almost 450 aviation businesses on these airports in the Oklahoma Airport System account for $10.6 billion of the total economic activity, Ardies said.

The news was equally good for the OU Max Westheimer Airport in Norman.

“We knew Westheimer had a sizeable impact on the Norman area, but were very glad to see that the total annual economic activity generated by the airport was north of $37 million with General Aviation visitor spending responsible for a big piece of that activity at $13.8 million annually,” said Walt Strong, director, Max Westheimer Airport.

“We have a great aviation heritage to build upon in Oklahoma,” said Scott Martin, president of the Norman Chamber of Commerce. “Our pro-growth policies and actions have helped to ensure the growth and viability of aviation and aerospace. The tax credits provided to engineers that go to work in aerospace and to the businesses that hire them have had the very results we wanted when these were enacted.”

Martin said tax credits have resulted in more engineers going to work in aerospace at Tinker, Boeing, Northrop Grumman,

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Aerospace Calendar And Aviation Week Events (Nov. 27, 2017) – Aviation Week

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Opinion: How Activist Investors Are Influencing Aerospace – Aviation Week

Activist investors are nothing new to aviation and aerospace. Gordon Gekko, famously portrayed by Michael Douglas in the hit movie “Wall Street,” was inspired by Carl Icahn, the investor who led the hostile takeover of Trans World Airlines in 1985. In 2013, such investors played a role in EADS’ decision to divest its stake in Dassault Aviation. Today, they are on the march across the global economy. One target is large multinational conglomerates with a strong presence in …

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Global Aerospace Plastics Market 2017-2021 – One Key Trend is the … – Markets Insider

DUBLIN, November 22, 2017 /PRNewswire/ —

The “Global Aerospace Plastics Market 2017-2021” report has been added to Research and Markets’ offering.

The global aerospace plastics market to grow at a CAGR of 5.12% during the period 2017-2021.

Global Aerospace Plastics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is growing introduction of additive manufacturing. The aerospace industry is one the major adopters of additive manufacturing for the aircraft component manufacturing. Additive manufacturing is contributing to the aerospace industry by effectively manufacturing highly complex geometrically components, faster production of replacement parts, and faster improvement of the current design for better improvements.

According to the report, one driver in the market is increasing use of lightweight materials. The use of lightweight materials is increasing in the aerospace industry. Various lightweight materials used in the automotive industry are high strength steel, aluminum, composites, magnesium, and plastics. The major driver for the growth of lightweight materials in the aerospace industry is the production of fuel-efficient and low-emission aircraft. With the increasing awareness of climate change and environmental issues, coupled with the rising fuel cost, the aerospace industry is trying to save on the operation cost by demanding lightweight aircraft.

Further, the report states that one challenge in the market is fluctuation in raw material prices. The price fluctuation of raw materials, including crude oil, has a negative impact on the market vendors as they rely heavily on crude oil during the manufacturing process. High prices of oil increase the production cost of petroleum-based products including plastics. For instance, the price of polypropylene hiked

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