Acutec Precision Aerospace announces veteran career program AcuVets – Meadville Tribune

Acutec Precision Aerospace has announced its new veterans career program, AcuVets.

The AcuVets program is intended to assist service members transitioning to civilian jobs while also offering information about careers within the aerospace industry. The new program offers qualified applicants unparalleled benefits, advanced skills training and advancement opportunities in a veteran-friendly environment.

“Veterans make excellent employees at Acutec because they effectively define their mission and goals and are invested in their work,” said Elisabeth Smith, president and chief executive officer of Acutec. “They are many of our most successful machinists, inspectors, engineers and managers We welcome the opportunity to attract more veterans to our company and for them to start a long career at Acutec in a field that is vital to our national security — aerospace and defense parts and assembly.”

AcuVets was designed with the service member’s needs in mind, relying on direct input from veterans and best practices recommended by veteran transition resources. While the program will continue to evolve, the main features AcuVets offers include:

• Aerospace career information. Service members conducting a job search can access the AcuVets information page for career information on the aerospace industry.

• Veteran job search resources. Acutec offers transitioning veterans resources such as military skills translator tools, interview coaching, and resume and cover letter templates.

• Peer sponsorship. Newly hired veterans will be paired with other veterans at Acutec to assist with their transition to civilian sector and the northwest Pennsylvania region.

• Job security. The Aerospace defense industry is poised for growth, as 2 million jobs will be available in the next decade, according to Acutec.

• Benefits package. Acutec offers one of the best benefits package in the region with perks that include employee ownership while not precluding qualifying veterans from their VA benefits, according to Acutec.

• Paid on the job training. Acutec’s Machinist Training Program allows transitioning veterans with

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Ill-prepared suppliers threaten aerospace giants in case of hard Brexit – Reuters

FARNBOROUGH, England (Reuters) – Airbus (AIR.PA) is stockpiling parts in case of a hard Brexit and Rolls-Royce (RR.L) is months away from doing so. But for smaller aerospace companies that supply them, Britain’s departure from the EU could be much more challenging.

A man stands at an Airbus trade pavilion at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville

The largest aerospace sector in Europe and second in the world behind the United States, the British industry generates exports worth 30 billion pounds a year and sustains 123,000 direct jobs, plus as many again indirectly.

Manufacturing planes and engines requires components to be at factories on a just-in-time basis. A disorderly or no-deal Brexit would threaten the smooth flow of parts across borders and prevent European regulatory approval for aerospace products.

However much planning the industry giants do, they could still be damaged via their supply chains if component suppliers are not ready.

John Rainey, chairman of Denroy, a maker of injected moulded components used on Airbus planes, has contingency plans in place, but won’t sign off on any changes for the company of 165 employees until he knows what Brexit means.

“Everybody says you need a plan but we don’t know what to plan for or against. We’re going to conferences now and we’re told to be very afraid but we don’t know what we have to be afraid of,” he said at the Farnborough airshow, the annual showcase for the British aerospace industry.

Britain is due to leave the European Union on March 29, 2019, but there is little clarity over its future relationship with the world’s biggest trading bloc.

Alert to the potential problem, Rolls-Royce, which makes engines for aircraft and ships, has started to talk to smaller suppliers

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Has Raytheon (RTN) Outpaced Other Aerospace Stocks This Year? – Zacks.com

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Raytheon (RTNFree Report) one of those stocks right now? By taking a look at the stock’s year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.

Raytheon is a member of the Aerospace sector. This group includes 41 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. RTN is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for RTN’s full-year earnings has moved 1.81% higher within the past quarter. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

Based on the latest available data, RTN has gained about 7.28% so far this year. Meanwhile, the Aerospace sector has returned an average of 10.08% on a year-to-date basis. This means that Raytheon is performing better than its sector in terms of year-to-date returns.

To break things down more, RTN belongs to the Aerospace – Defense Equipment industry, a group that includes 25 individual companies and currently sits at #199 in the Zacks Industry Rank. On average, stocks in this group have gained 9.80% this year, meaning that RTN is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Aerospace sector will want to keep a close eye

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UK's aerospace universities establish consortium to support research – Aerospace Technology

Universities in the UK have formed a national consortium to improve the country’s aerospace sector by creating a network of research facilities.

Offering a centralised point of contact for the aerospace research, the new National Aerospace Research Consortium (NARC) will cover all areas of aviation, including airlines, aircraft, airspace and airports.

NARC will function in line with the Aerospace Technology Institute’s four technology pillars: aircraft of the future; future propulsion; smart, connected and electric aircraft of the future; and aero structures of the future. It will also include an additional National Airborne Test stream.

It will also support the flow of highly qualified aerospace engineers by offering graduate and postgraduate learning provision.

“We aim to put NARC in the same league as other international entities, such as NASA, ONERA or NRC, and support the UK as a global leader in future aerospace research.”

The University of Bristol; University of Cambridge; Cranfield University; Imperial College of Science, Technology and Medicine; University of Manchester; University of Nottingham; Queen’s University Belfast; University of Sheffield; University of Southampton and the University of Strathclyde are the founding members of NARC.

The universities have already commenced work on the future propulsion pillar with a collaborative proposal to develop a network of advanced electric and hybrid-electric propulsion development facilities across the UK.

Cranfield University Aerospace director and NARC co-ordinator Iain Gray said: “The National Aerospace Research Consortium (NARC), consisting of the UK’s leading aerospace universities, will aim to directly support UK-based industry through the provision of accessible world-class research facilities, future skills development and centralised research co-ordination.

“We aim to put NARC in the same league as other international entities, such as NASA, ONERA or NRC, and support the UK as a global leader in future aerospace research.”

In addition, NARC aims to partner with the global

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thyssenkrupp Aerospace enters into LTA with Magellan Aerospace – Aerospace Manufacturing magazine

thyssenkrupp Aerospace and Magellan Aerospace have agreed on a long-term agreement (LTA) for the coming years.

The aviation experts of the thyssenkrupp Group will handle the entire warehouse and supply chain management of raw materials as well as other processing services for the Magellan facilities in Europe and India. Magellan Aerospace is a global aerospace company that develops, designs and manufactures aircraft components worldwide.

The contract value is circa USD $30 million per annum, with the potential to grow further through additional material supply and value-added services, such as billet preparation and waterjet cutting. thyssenkrupp Aerospace will be commencing supply from July this year.

The main product group is aluminium plate which will be serviced from the thyssenkrupp Aerospace UK Belfast and Birmingham operations, with the tube and extrusion products supplied from the thyssenkrupp Aerospace UK site in Milton Keynes. Approximately 10% of the volume will be provided by the thyssenkrupp Aerospace facilities in Poland and India.

“The new long-term agreement with Magellan Aerospace is an important step in our strategic evolution and a vote of confidence in our strength as a global partner to the aerospace industry,” said Laura Holmes, CEO thyssenkrupp Aerospace.

The strategy of thyssenkrupp Aerospace is to comprehensively understand the high demands and challenges of its customers and to offer tailor-made solutions.

“This allows our partners to fully concentrate on their core competencies,” added Holmes.

www.thyssenkrupp.com

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