Aeroflex to be Acquired by Cobham PLC for Approximately $1.46 Billion

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PLAINVIEW, N.Y.– May 20, 2014 — Aeroflex Holding Corp. (NYSE:ARX), a leading global provider of high performance microelectronic components and test and measurement equipment, today announced that it has entered into a merger agreement with Cobham PLC (LSE:COB.LN), a UK-listed company that designs and manufactures a wide range of equipment, specialized systems and components for the aerospace, defense, energy, and electronics industries. Under the terms of the transaction, Cobham will acquire Aeroflex for $10.50 per share in cash. Total transaction value is approximately $1.46 billion, including the assumption of Aeroflex’s net debt of $540 million at March 31, 2014.

The agreement, which has been approved by Aeroflex’s Board of Directors, represents a premium of approximately 26.1% over Aeroflex’s closing stock price on May 19, 2014, the last trading day prior to the announcement of the transaction, and a 28.4% premium to Aeroflex’s volume-weighted average price over the prior 30 trading days.

“This all-cash, premium transaction provides significant and immediate value to our stockholders,” said Len Borow, Aeroflex’s Chief Executive Officer. “We believe Aeroflex and Cobham are a natural fit and that Aeroflex will benefit from the larger scale, market presence, and resources of the combined organization. We look forward to working with Cobham to ensure a seamless integration for our teams and customers around the world.”

To read the full press release, visit the Aeroflex website: Aeroflex To Be Acquired by Cobham PLC For Approximately $1.46 Billion.

“But I Didn’t Use It…” – A Reliability and Warranty Factor for Aircraft Parts

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From time to time, companies will be faced with warranty claims outside of the warranty period from people who try to justify the claim by stating “but I didn’t use it”. Is this a valid claim?

For whatever reason, many people in the aviation industry do not relate some real world factors and principles when it comes to addressing aircraft and aircraft parts. While most every-day consumer related industries do not have the rules and regulations that exist in the aviation world, some factors are universal no matter what you are selling or what market sector you cater to.

Question: Would you leave a car in a garage for let’s say 1 or 2 years, hop into it, and expect it to run like new? Most likely it wouldn’t even start due to the battery let alone run properly after not moving for that long.

It would probably be safe to argue that nothing with moving parts should sit motionless for too long without affecting its eventual operation. Things with moving parts are designed to…well…MOVE.

Aircraft parts with moving parts such as electromechanical gyros, starters, generators, pumps, etc are designed to perform a function with assemblies of moving parts in most cases. Those moving parts are housed, treated, and conditioned in certain ways to ensure proper operation. Even electronic components using electrolytic capacitors have a limited life span. If left unused, the capacitors can deteriorate without connecting them to a voltage source.

Thus, manufacturers have specific standards and procedures for maintaining functionality of the item such as lubricating parts, cleaning, alignments and other adjustments. Storing parts for long periods of time without some attention to them every now and then can create problems down the road.

Remember that car in the garage?
What happens when you don’t start it or drive it for a long time? A few things come to mind such as dead battery, fuel turning bad, flat spots in the tires, and possibly even a seized engine with no oil running through it?

Are aircraft parts any different?
Well, obviously aircraft parts are not cars but they are machines of a certain type. No, you cannot let certain parts remain unused for too long.

Most, if not all manufacturers, have not only recommended maintenance procedures but recommendations for storage of a part as well.

If you choose not to follow these guidelines, then your odds of eventually turning on a part that does not work increase greatly.

EASA Proposes New Rules for Flight Recorders, Beacons

Written by Bill Carey: AINonlne

easaThe European Aviation Safety Agency (EASA) has proposed amending requirements for underwater locating devices (ULDs) and cockpit voice recorders (CVRs) to substantially extend their transmission and recording times. In an announcement today, the agency cited the March 8 disappearance of Malaysia Airlines Flight 370 as justifying the changes, which it first floated last December.

The new rules, which must be adopted by the European Commission, would require a threefold increase, from 30 to 90 days, in the transmission time of ULDs attached to the flight data recorders of commercial transport aircraft after January 2018. The recording time of CVRs would be increased tenfold, from two to 20 hours, for large aircraft issued an individual certificate of airworthiness after January 2020.

EASA also proposes that large aircraft flying overwater routes be equipped with new 8.8 kHz ULDs by January 2019. The low-frequency devices, recommended by a “flight data recovery” working group of France’s BEA accident investigation bureau following the loss of Air France Flight 447 in June 2009, have longer underwater range than the 37.5 kHz ULDs currently required. Alternatively, an aircraft may be equipped with a means to determine the location of an accident within 6 nm accuracy, EASA said.

The changes to existing requirements were outlined in a notice of proposed amendment the agency published on December 20, before the multinational search for MH370 in the southern Indian Ocean. EASA, based in Cologne, Germany, said it received 75 comments by the end of the consultation period on March 20.

“The tragic flight of Malaysia Airlines MH370 demonstrates that safety can never be taken for granted,” said EASA executive director Patrick Ky. “The proposed changes are expected to increase safety by facilitating the recovery of information by safety investigation authorities.”

SOURCE: Carey, Bill. “EASA Proposes New Rules for Flight Recorders, Beacons.” Aviation International News. AINonline.com. May 6, 2014.

OEM Spotlight – True Blue Power/Mid-Continent

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True Blue Power, a division of Mid-Continent, has been an innovator in the design and manufacture of aircraft inverters and power supplies. Utilizing Nanophosphate® lithium-ion cell technology, the company says its power supplies offer stable chemistry, faster charging, consistent output, excellent cycle life and superior cost performance. True Blue Power’s inverters are light weight, compact and come in 250W, 500W and 1200W models.

TI1200 Static Inverter
TI1200 Static Inverter

The self-contained TA102 Dual USB Charging Port is a modern addition to any cockpit and interior cabin. Each USB port is designed to supply the electric current needed to charge any standard or high-power device with a USB interface. The TA102 protects itself and the charging device from short-circuit, power surges and over-current potential.

For more information on True Blue Power’s complete product line, visit http://www.truebluepowerusa.com/. For sales inquiries, visit www.SEA-Avionics.com or call (321) 255-9877.

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Mid-Continent also brings us SAM® (Standby Attitude Module), a solid state instrument that provides attitude, altitude, airspeed and slip information to the pilot during normal operation or in the case of primary instrument failure.

samSAM’s small size and selectable orientation (horizontal and vertical) allows for flexible cockpit design and installation. With Level A Software, there is virtually no limitation on the type of aircraft in which SAM can be installed.

To learn more about SAM, visit http://www.flysam.com/. For sales inquiries, visit www.SEA-Avionics.com or call (321) 255-9877.