GE, AVIC Form Avionics Joint Venture

[qwerrty]

Monday, January 24, 2011
GE, AVIC Form Avionics Joint Venture

GE Aviation and Aviation Industry Corp. of China (AVIC) on Friday formed a 50/50 joint venture company, GE-AVIC Civil Avionics Systems Company Ltd., to develop and market integrated avionic systems for new aircraft platforms.

The joint venture company will be headquartered in China and will be the single route-to-market for integrated avionics systems for both GE and AVIC for new commercial aircraft. Also, GE and AVIC will each provide avionics products to the joint venture company as a customer and distributor, the companies said. The initial focus for the joint venture is integrated avionics systems for the C919, manufactured by Commercial Aircraft Corporation of China, Ltd. (COMAC). COMAC anticipates delivering more than 2300 C919 aircraft over the 20-year life of the program. This market potential provides an estimated value for the AVIC GE avionics systems of about $2 billion, according to GE.

"GE is extremely pleased and excited to be a part of this unique aviation business. The JV will build on the extensive avionics capabilities of both companies and create a technology center of excellence to serve the commercial aviation market," said David Joyce. "GE's aviation business in China results in 1,800 high-technology jobs in the U.S. The jobs are involved in producing and supporting jet engines for China, as well as developing the new engine and avionics system for the C919."

"The joint venture will work to secure systems and other avionics products on future aircraft adding to the overall economic value and jobs created," said Lorraine Bolsinger, president and CEO of GE Aviation Systems. "The JV and C919 program will support and maintain at least 300 high-tech jobs locally in each the US and China. This venture will challenge our team to come up with break-through technology. GE and AVIC will together develop a world-class engineering organization and the JV itself will be creating new IP and new technology. This is a 50/50 partnership; you have to be all in and be very committed."

*ttp://www.aviationtoday.com/av/topstories/GE-AVIC-Form-Avionics-Joint-Venture_72257.html

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[qwerrty]

Teledyne Technologies Agrees to Sell Teledyne Continental Motors to AVIC International

THOUSAND OAKS, Calif. and BEIJING, China – December 14, 2010 – Teledyne Technologies Incorporated (NYSE: TDY) (“Teledyne”) and AVIC International Holding Corporation (“AVIC International”) announced today an agreement to sell Teledyne’s general aviation piston engine business to Technify Motor (USA) LTD., a subsidiary of AVIC International, for $186 million in cash. Under the transaction, AVIC International will acquire Teledyne Continental Motors, Inc. (“Continental Motors”) and Teledyne Mattituck Services, Inc.

Headquartered in Mobile, Ala., Continental Motors is a leading manufacturer of FAA-certified piston engines, as well as spare parts and components, used in small propeller-driven general aviation aircraft around the world. Continental Motors employs approximately 400 workers in Mobile, and has been a highly reliable manufacturer of commercial aircraft piston engines for more than 80 years. Continental Motors also maintains service centers in Fairhope, Ala. and Mattituck, N.Y.

With major customers such as Boeing, Airbus, Honeywell and Snecma, AVIC International is a trusted supplier and partner of leading aviation companies in the U.S. and around the world. The transaction will enhance the ability of Continental Motors to compete globally, especially in growing overseas markets, such as China. Today, Continental Motors’ primary markets are the U.S. and Europe. On the other hand, China opens one of the world’s largest potential markets for general aviation aircraft, due to its growing population, large geographical area and expanding infrastructure. Compared to 230,000 general aviation aircraft in the U.S, China has approximately 900 small aircraft operating in the country. That number is expected to grow over the next decade, raising demand for FAA-certified piston engines.

AVIC International was attracted to Continental Motors’ long history in the general aviation market and the company’s reputation for product quality, safety and service. With the acquisition of Continental Motors, AVIC International is making a principal commitment to the Mobile region. AVIC International expects to retain the senior management of Continental Motors and maintain Continental Motors’ global headquarters in Mobile, Ala. Furthermore, the transaction sets the stage for new hires of skilled workers in Mobile, as international demand for piston-powered aircraft would result in increased engine manufacturing at Continental Motors. AVIC International also plans continued investment and upgrades in Continental Motors’ operations, as well as increased research and new product development.

*ttp://www.teledyne.com/news/tdy_12142010.asp

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[Akasa]

There's an old saying: "If you can't beat 'em, join 'em."

In this case, it's: "If you can't beat 'em, buy 'em."

Typical Chinese business strategy

 

[qwerrty]

GE, Avic Sign Deal With Goal Of Dominating Avionics Market

Jan 25, 2011




By Michael Mecham

General Electric is counting on a joint venture with Avic to propel the company into the front ranks of avionics suppliers, just as its 50-50 partnership with France’s Snecma turned CFM International into a powerhouse engine maker.

With Chinese President Hu Jintao and U.S. Commerce Secretary Gary Locke looking on, GE Aviation President and CEO David Joyce and Avic Senior VP Zhang Xinguo signed an agreement Friday in Chicago to form a joint venture—GE-Avic Civil Avionics Systems Co., Ltd.—in Shanghai.

The partners say, “Market potential provides an estimated value” of $2 billion for the company, which was preliminarily agreed to in November 2009. Friday’s event to complete that deal was timed as part of Hu’s state visit earlier in the week with President Obama.

Avic will nominate the chairman and GE the general manager of GE-Avic Avionics Systems. It will initially be located in the Zizhu Digital Hub Science Park in Shanghai until a permanent location is secured.

The joint venture’s first contract is to provide an integrated avionics suite for the 160- to 190-seat Comac C919, China’s single-aisle transport that will challenge the Airbus A320 and Boeing 737 families. It is to enter service in 2016 and will be powered by CFM’s Leap-X engine.

But the larger intent is for the partners to turn their as-yet unnamed joint venture into a major avionics supplier for aircraft in any market.

Timing Is Fluid

At this stage, timing is fluid. The company expects to develop a certified product on or before 2014 to support the C919’s flight test schedule. Rate production would begin in 2015 to support the airplane’s service entry of 2016. But if upgrade systems are sold for use by other aircraft, production schedules could move up, a GE official said.

GE Aviation is best known for its gas turbine engines, but its purchase of Smiths Aviation in 2007 signaled an intent to be as strong in commercial avionics. Smiths plays a major role on the 787 as the builder of the common core computing system, but its reputation is as an avionics supplier, not a prime manufacturer. GE’s purchase of Smiths was to build it up to become a prime contractor; its partnership with Avic is the means to that end. For Avic, teaming with GE is a means to the end of establishing the Chinese company’s importance in avionics manufacture.

The emphasis on civil projects is intended to get past U.S. export control regulations.

The partnership is modeled after the GE-Snecma agreement in which each company supports its own investment in CFMI and fulfills specific work assignments for engines best known for powering A320s and 737s. GE also has joint ventures with Honda in GE Honda Aero Engines for a business jet engine and Pratt & Whitney in The Engine Alliance that produces powerplants for the A380.

Meanwhile, avionics prime contractor Rockwell Collins has opened its China System Support Center in Shanghai for fundamental and advanced engineering, program management training, systems integration and avionics system consulting.

Also a major C919 supplier, Rockwell Collins expects to expand its reach in China with the support center. The company is providing the 150-seat jet’s communication, navigation, surveillance, cabin management, inflight entertainment and simulator components.

*ttp://www.aviationweek.com/aw/generic/story_generic.jsp?channel=aviationdaily&id=news/avd/2011/01/25/08.xml&headline=GE,%20Avic%20Sign%20Deal%20With%20Goal%20Of%20Dominating%20Avionics%20Market

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[qwerrty]

anyone who think china don't know anything about composite materials..think again!
lol
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AVIC Xi'an Aircraft sets up FACC China

Jan. 6, 2011 (China Knowledge) - China AVIC Xi'an Aircraft Industry (Group) Co Ltd, the parent of Xi'an Aircraft International Corp<000768>, and Austria's Future Advanced Composite Components or FACC AG, have set up a subsidiary FACC (China) in Zhenjiang, Jiangsu Province, sources reported.The new firm, which has a registered capital of more than EUR 60 million, will provide interior decorat

*ttp://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&cat=IND&NewsID=%2040139
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XAC, headquartered in Xian (China), and ATL, headquartered in Hongkong, now formally are the majority owners of FACC AG, holding 91.25% of the shares of the leading Austrian aerospace supplier in which XAC holds 90% and ATL holds 10% shares. 5% remain in the possession of the Austrian holding company ACC Kooperationen und Beteiligungen GmbH and 3.75% are owned by Stephan Ges.mbH.

facc.at