StandardAero

StandardAero Component Services opened a new 200,000 sq ft facility in Sharonville, Ohio, in September 2018. The $10 million expansion will support growth in military and commercial aircraft engine component repair, with plans to hire 250-300 technicians and other employees.

Emera Inc. agreed to sell its three natural gas-fired generation facilities (Bridgeport Energy, Tiverton Power, Rumford Power) in New England to an affiliate of The Carlyle Group for US$590 million. The facilities have a combined capacity of approximately 1,100 MW.

StandardAero Component Services opened a new 206,000 sq ft repair facility adjacent to its existing Cincinnati facility, nearly doubling capacity. The company expects to hire 200-300 new technicians and overall investment will exceed $20 million.

StandardAero has signed a 20-year Memorandum of Agreement with Rolls-Royce to provide maintenance, repair and overhaul services for AE 2100, AE 1107 and T56 Series IV engines through 2038. The agreement has a projected value exceeding $15 billion.

StandardAero Component Services announced a $16 million investment to expand facilities in Cincinnati and Hillsboro, Ohio, and Miami, Florida, adding a total of 260,000 square feet of shop capacity during 2018.

StandardAero signed a Letter of Intent with Rolls-Royce to provide end-of-life engine MRO services for the RB211-535E4 programme. The contract designates StandardAero as the service partner for the life of the engine type, with work performed at its San Antonio, Texas facility.

StandardAero Aviation Holdings, Inc. finalized the acquisition of Vector Aerospace Holding SAS from Airbus SE. Vector is a global aerospace MRO company with revenues over US$700 million in 2016 and approximately 2,200 employees.

StandardAero and Airbus entered exclusive negotiations for StandardAero to acquire Vector Aerospace, a global MRO company with 22 locations and revenues of $704.8 million in 2016. The transaction is subject to approvals.

StandardAero was awarded a $35.8 million US Air Force contract for depot-level repair of T56 engine component parts used on Lockheed Martin C-130 Hercules aircraft. Work will be performed in San Antonio, Texas, with a due date of November 30, 2017.

StandardAero Holdings agreed to acquire PAS International Holdings, a provider of aerospace and industrial gas turbine components, from KRG Capital Partners. The deal was announced on March 29, 2017.

The U.S. Air Force awarded a one-year bridge contract to StandardAero to perform Rolls-Royce T56 engine module and engine maintenance. Work will be performed at Port San Antonio, Texas and Winnipeg, Canada.