StandardAero has finalized the acquisition of Vector Aerospace from Airbus.
Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft, the company said in a statement Friday.
Vector generated revenues of over US$700 million in 2016 and employs approximately 2,200 people in 22 locations across Canada, the United States, the United Kingdom, France, Kenya, South Africa, Australia and Singapore.
The newly combined company, which will maintain the name of StandardAero, has more than 6,000 employees in 42 locations across five continents, with annual revenues of approximately US$3 billion.
StandardAero Aviation has entered into exclusive negotiations to acquire Vector Aerospace Holding SAS (“Vector”) from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft, the company announced Thursday
StandardAero has won a contract from the US Air Force (USAF) to carry out Rolls-Royce T56 engine maintenance. Under the one-year 'bridge' contract, StandardAero will be the sole T56 engine depot for the USAF and the US Navy in 2017
StandardAero has won a contract from the US Air Force to perform Rolls-Royce T56 engine module and maintenance. The one-year contract is a "bridge” contract that sustains T56 overhauls while the USAF prepares for a future commercial competition that will result in a multi-year maintenance contract, the company announced Thursday
Netherlands Ministry of Defence (MOD) and StandardAero have signed an agreement for establishing F135 military engine maintenance, repair, overhaul and upgrade (MRO&U) Depot services at Logistic Center Woensdrecht -- a Netherlands Air Force Base, centrally located on the European continent, as part of a partnership for international F-35 aircraft support. On June 11, Air Commodore Verbeek, on behalf of the Royal Netherlands Air Force (RNLAF), and Scott Starrett, President of StandardAero Military & Energy, signed the Letter of Intent (LOI) to begin the process of developing this strategic partnership for servicing upgrade activities on F135 engines, with the goal to...
The US Air Force has awarded StandardAero a contract estimated $43 million to upgrade Rolls-Royce T56-A-15 engines powering its fleet of C-130H aircraft. The upgrade involves the overhaul and repair of engine compressor and turbine modules and the installation of the Series 3
StandardAero has won $380 million contract for T56 series 3.0 and 3
Airbus offices were raided by French investigators last week as part of an on-going corruption probe over a 2010 sale of satellites to Kazakhstan. “We confirm a raid was carried out at Airbus offices in the Paris suburb of Suresnes in the context of the French judicial investigation relating to Kazakhstan,” an Airbus spokesman was quoted as saying by Reuters Tuesday
Airbus Helicopters has been awarded a contract from South Korea's National 119 Rescue Headquarters for the purchase of two additional H225 helicopters. The National 119 Rescue Headquarters currently operates an all-Airbus helicopter fleet comprising two AS365 N2 and two H225
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