City National Continues Buildout of its Aerospace and Defense Industry Group with Credit and Relationship Manager Hires – GlobeNewswire

SAN DIEGO, Dec. 12, 2018 (GLOBE NEWSWIRE) — City National Bank, California’s Premier Private and Business Bank®, announces that it has hired Jon VanDerMeid as senior vice president and credit manager, and Laura Dodd as vice president and relationship manager, for its newly created Aerospace and Defense group based in Southern California.  The bank is building out a highly specialized team of A&D banking professionals to handle City National’s nationwide initiative to service this growing and vibrant industry.
(For images of VanDerMeid and Dodd, go to:
https://www.cnb.com/content/dam/cnbcom/publishingimages/Jon-VanDerMeid.jpg
https://www.cnb.com/content/dam/cnbcom/publishingimages/laura-dodd.jpg)The A&D team is headquartered in Southern California, where there is a large industry concentration and influence on the local economy.  The goal is to have a team of A&D bankers located on the west and east coasts.  The markets where City National will have a presence will also depend on the talent the bank is able to attract in those parts of the country that have A&D business opportunities.“We are very excited and fortunate to have both Jon and Laura join City National and our growing team of aerospace and defense banking professionals,” Griesbach said.  “These are two highly qualified A&D bankers who know this industry inside and out, and who have the experience and the network of companies and clients to help City National make strong inroads into this industry.”In his new role as senior vice president and credit manager, VanDerMeid is responsible for managing a team of credit officers focused on the Aerospace, Defense, and Government Services sector, throughout the US.  His team provides industry expertise, structuring guidance, and credit services in support of Aerospace and Defense clients with revenues from $50 million to $5 billion. The credit team will be located in Orange County.VanDerMeid has over 14 years of experience in Commercial and Investment Banking, with roughly 5 years focused in the

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Joint Exercise Between the Indian Air Force and the Russian Federation Aerospace Force, December 2018 – Second Line of Defense

New Delhi.

A service-specific 12-day exercise between the Indian Air Force (IAF) and Russian Federation Aerospace Force (RFSAF) commenced at Air Force Station, Jodhpur, Rajasthan, December 10.

The first phase of the joint exercise called ‘Ex- Aviaindra between IAF and RFSAF was conducted in 2014.

Ex Aviaindra-2018 is the second in the series of bilateral joint exercise, which is planned in two phases between India and Russia.

Both IAF and RFSAF pilots flew RFSAF aircraft during the training exercise held in September this year in Lipetsk, Russia.

The exercise focused on anti-terrorist operations in a bi-lateral scenario and enhanced the co-operation and understanding each other’s Concept of Operations, said an official statement of the Ministry of Defence.

In addition to flying exercise, a variety of activities are planned, including formal interactions, discussions, exchange of ideas and sports/social interactions between the two Air Forces.

In India, the RFSAF-IAF pilots will fly the IAF aircraft, which are common to both Air Forces, as was done in Lipetsk during the September exercise when IAF pilots flew the host country’s aircraft used by both air forces.

First published by our partner India Strategic.

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Collins Aerospace offers voluntary severance packages to employees – Winston-Salem Journal

The Collins Aerospace Inc. division of United Technologies Corp. confirmed Wednesday it has offered a voluntary severance package to its employees, including its local workforce of about 1,500.

The initiative was disclosed to employees two weeks after UTC completed its $30 billion purchase of Rockwell Collins Inc. on Nov. 27.

Collins Aerospace was formed as part of the acquisition. The former Rockwell Collins-B/E Aerospace Inc. operations in Winston-Salem retained the aircraft-interiors division, led by Dave Nieuwsma.

The division has about 2,500 in North Carolina when including Charlotte facilities and about 70,000 worldwide.

Collins Aerospace said in a statement the voluntary separation package “provides eligible employees a one-time opportunity to receive incentives to exit the company.”

Eligible employees have until Feb. 1 to volunteer. The company did not disclose how many employees it wants to take the severance package. 

Collins said eligible employees “include full- and part-time employees who are based in the United States and the Oakville facility in Canada. They must be salary exempt, or nonexempt and non-executive employees, and must be classified as indirect (contract) labor.”

Collins said the “goal of the program is to reduce the need for potential involuntary reductions as we optimize the structure of our business.”

“We are providing education sessions in the coming weeks across the organization to help employees make well-informed decisions.”

Rockwell has eliminated at least 534 former B/E Aerospace jobs between the time it bought B/E for $8.6 billion in April 2017 and its sale to UTC.

Rockwell’s top executive, Kelly Ortberg, has become Collins Aerospace’s chief executive. Ortberg qualified for a change-in-control package worth $30 million.

In the months after Rockwell bought B/E, Ortberg pitched a bigger-is-better message to local employees as they braced for more uncertainty.

“There will be no local impact on staffing levels,” Ortberg told the Journal

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MENA Aerospace Puts Bahrain on Charter Map | Business Aviation News – Aviation International News

MENA Aerospace, the Bahrain-based aircraft management and charter services company, is looking to improve MRO provision to the Middle East business jet and commercial airliner fleet, as its hangarage and technical know-how are put into the service of the industry.

The company’s main business line is the aircraft management and charter business in association with international partner Austria-based International Jet Management. The companies have set up a Bahrain-based joint venture, IJM MENA, which operates under a Bahrain AOC.

IJM MENA offers aircraft management services and VVIP and corporate business jet charter. “The company is setting a new standard in private business aviation, combining the unrivaled regional presence and experience of MENA Aerospace with IJM’s in-depth industry knowledge and expertise,” said Mohammed Juman, managing director of MENA Aerospace.

MENA Aerospace said it has “five years of experience in managing private jet aircraft under our own AOC; seven years in installation of airport security and surveillance systems; and ten years in aircraft and helicopters upgrades and modifications. The company runs the first private hangar built in the region.”

“Business aviation in Bahrain is limited,” said Juman. “However, there are steps being taken by the Bahrain Airport Company and the Bahrain Civil Aviation Authority to develop the sector by providing common-use offerings such as terminals and handling partners.” 

Minister of Transport Kamal Ahmed announced plans to set up a new general aviation terminal at Bahrain International Airport at Bahrain’s airshow in November.

Juman’s other primary focus is contributing to meeting demand for the growing MRO requirements for business jets in the region and also for commercial airliners. Juman believes that the MENA Technics subsidiary can skim extra work from the growing market due to the sheer demand for maintenance in the region.

“Our MRO is going to be a little bit different [compared] to others,” he said. “We want to develop it as

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Waste Management That's Out of This World: Collins Aerospace Developing Astronaut Trash Compaction System – PRNewswire

CEDAR RAPIDS, Iowa, Dec. 12, 2018 /PRNewswire/ — For decades, the approach to managing astronaut trash has involved temporarily storing and ultimately disposing of the trash either by return to Earth or incineration during reentry in a disposable supply vehicle. As NASA pushes the boundaries of human space exploration through longer missions to the Moon and Mars, these proven approaches will no longer be feasible for several reasons. Returning trash to Earth will be impractical, jettisoning it during the mission may result in the loss of valuable recoverable resources and disposing of it locally may pose a planetary protection risk. To solve these challenges, Collins Aerospace, a unit of United Technologies Corp. (NYSE: UTX), has proposed an integrated Trash Compaction and Processing System designed to handle astronaut trash in situ.

The highly integrated technical baseline leverages decades of Collins’ Environmental Control and Life Support Systems (ECLSS) experience to perform safe recovery and processing of the valuable resources from the trash compaction system, minimizing the loss of cabin air while maximizing the amount of water recovered. Through the compaction process, the system would reduce trash volume by 93 percent, turning two cubic feet of trash into a 9″x9″x1.75″ disc – essentially reducing something roughly the size of a beer keg to a small pizza.

NASA selected Collins to develop the concept through the agency’s Next Space Technologies for Exploration Partnerships-2 (NextSTEP-2) solicitation for trash compaction and processing systems. Under NextSTEP-2, Collins will have 18 months to develop and test its design, before NASA conducts a preliminary design review (PDR). A second phase focused on procurement will follow.

“Astronaut trash poses a significant challenge for future missions to the Moon and Mars,” said Shawn Macleod, senior business manager for Space Systems at Collins Aerospace. “Right now, the crew on the International Space Station generates

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