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News Article | May 4, 2017
Site: www.marketwired.com

Esterline Corporation ( : ESL) (www.esterline.com), a leading specialty manufacturer serving the global aerospace and defense markets, today reported results for the second fiscal quarter ended March 31, 2017. The company reported consolidated revenue of $509.2 million during the quarter, an increase of 3.8% compared with $490.3 million in the year-ago period. Higher revenue in the second quarter of fiscal 2017 was the result of an increase in organic sales volume in the company's Avionics & Controls and Sensors & Systems segments. Earnings from continuing operations in the second fiscal quarter of 2017 were $35.1 million, or $1.17 per diluted share, compared with prior-year earnings from continuing operations of $17.0 million, or $0.57 per diluted share. The increase in earnings from continuing operations was primarily due to contributions from higher sales, improved margins and lower SG&A, as well as receipt of a $5.2 million business interruption insurance payment. Adjusted earnings from continuing operations for the second fiscal quarter of 2017 were $36.1 million, or $1.20 per diluted share (see Table 1 below). In the comparable period of the prior year, adjusted earnings from continuing operations were $27.3 million, or $0.92 per diluted share. Curtis Reusser, Esterline's Chief Executive Officer, said, "Our solid second quarter results extend the momentum we have been building over the past several quarters. While we still have a second-half performance ramp required to reach our full-year expectations, we were pleased to see a 30% year-over-year increase in adjusted earnings per share in the second quarter. We also submitted our final report to the U.S. government related to meeting the requirements under our Consent Agreement, and our cash flows continue to be very strong. We view these accomplishments as a testament to the underlying strength and increasing earnings power of our organization." During the second fiscal quarter of 2017, the company paid down $66 million of debt, resulting in a leverage ratio of 2.44 at the end of the fiscal second quarter. Reusser continued, "Our global structure combined with our ability to generate cash within our business has allowed us to utilize funds from our overseas operations to pay down debt and bring our balance sheet ratios in line with our historic norms. This positions us to look at a wider variety of capital allocation strategies going forward." The company reiterated its fiscal 2017 full-year expectation for sales of $2.0 billion to $2.05 billion and for GAAP earnings from continuing operations of $4.30 to $4.70 per diluted share. The expectation for full-year adjusted earnings from continuing operations, which exclude certain compliance and integration costs, remains in the range of $4.50 to $4.90 per diluted share. The company's prior guidance for fiscal 2017 full-year EBITDA and free cash flow also remained unchanged at $295 million to $315 million and $165 million to $185 million, respectively. Including discontinued operations, net earnings for the second fiscal quarter of 2017 were $35.1 million, or $1.17 per diluted share, compared with $15.0 million, or $0.50 per diluted share, in the comparable period in fiscal 2016. Net earnings in the second fiscal quarter of 2016 included a $2.0 million loss from discontinued operations. New orders in the second fiscal quarter of 2017 were $466.4 million, compared with $561.9 million in the comparable prior-year period. The decrease in order level between the two periods was mainly due to timing. The second quarter period in fiscal 2016 included certain long-term orders booked in the Advanced Materials segment as well as orders on long-term agreements in the Avionics & Controls segment. Backlog at the end of the second fiscal quarter of 2017 was $1.21 billion, compared with $1.30 billion at the end of the second quarter of fiscal 2016. Gross profit in the second fiscal quarter of 2017 was $175.9 million, compared with $156.2 million in the prior-year period. Gross margin as a percentage of sales in the second fiscal quarter of 2017 was 34.5% compared with 31.9% in the prior-year period. The improved gross margin performance is the result of higher sales volumes and enhanced product mix in both Avionics & Controls and Sensors & Systems. Increased aftermarket activity contributed to the improved Sensors & Systems performance, particularly in the Asia-Pacific region. Selling, general and administrative (SG&A) expenses during the second fiscal quarter of 2017 were $97.1 million, compared with $102.4 million in the prior year. Fiscal second quarter SG&A expenses as a percentage of sales were 19.1%, compared with the prior-year level of 20.9%. The lower SG&A level was primarily a result of reduced business expenses including integration costs, and favorable foreign exchange currency rates. In the second quarter, the company also submitted its final report to the U.S. State Department on the completion of Consent Agreement obligations. This continues the pattern of reducing incremental compliance costs as the company expects to close out the Consent Agreement later this fiscal year. Research, development and engineering (R&D) spending in the second quarter of fiscal 2017 was $26.8 million, or 5.3% of sales, compared with $25.0 million, or 5.1% of sales, in the prior-year period. Year-to-date fiscal 2017 R&D spending was $47.8 million, or 4.9% of sales. The company expects full-year R&D spending to approximate 5.0% of sales. The company's income tax rate in the second fiscal quarter of 2017 was 28.4% compared with 16.6% in the prior-year period. The company continues to expect a full-year tax rate of approximately 24% - 25%. U.K. tax law changes implemented in 2017 are driving the tax rate increase from prior periods. For the first half of fiscal 2017, sales were $966.9 million compared with $931.8 million in the first half of fiscal 2016. Higher revenue over the prior-year period was due to stronger end-market demand, primarily in commercial aerospace, and an uptick in aftermarket activity. In addition, the company received $7.8 million in business interruption insurance payments in the first half of fiscal 2017. A $5.0 million payment was also received in the fourth fiscal quarter of 2016 for a total insurance payment amount of $12.8 million related to an incident at the company's Arkansas defense operation. First-half fiscal 2017 GAAP earnings from continuing operations were $56.7 million, or $1.90 per diluted share, compared with the prior-year period results of $26.9 million, or $0.90 per diluted share. Excluding the discrete costs described in Table 2 below, adjusted earnings from continuing operations in the first six months of fiscal 2017 were $60.4 million, or $2.02 per diluted share, compared with the prior-year period results of $45.7 million, or $1.53 per diluted share. Cash flow from operations through the six months ended March 31, 2017, was $91.3 million, compared with $79.4 million through the six months ended April 1, 2016. Excluding capital expenditures of $29.0 million, free cash flow was $62.3 million in the first six months of fiscal 2017. Excluding capital expenditures of $42.5 million, free cash flow was $36.9 million in the first six months of fiscal 2016. Esterline will host a conference call to discuss this announcement today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The U.S. dial-in number is 877-307-0078; outside the U.S., use 531-289-2890. The pass code for the call is: 6157296. The company has posted a presentation on its website (www.esterline.com) under "Presentations" in the Investor Relations section to provide additional information about its second fiscal quarter operational and financial results. The presentation is also included as Exhibit 99.2 to the company's report on Form 8-K, which is being submitted today to the SEC. This press release and the related presentation providing supplemental financial information include non-GAAP financial measures -- adjusted earnings from continuing operations, adjusted earnings from continuing operations per diluted share, adjusted earnings before interest and tax (EBIT), operating earnings from continuing operations adjusted to exclude depreciation and amortization expense (EBITDA), adjusted gross margin, and free cash flow -- that have not been calculated in accordance with generally accepted accounting principles in the U.S. (GAAP). Adjusted earnings from continuing operations consist of earnings from continuing operations attributable to Esterline less the costs associated with certain integration activities -- including restructuring charges -- and incremental compliance costs as well as discrete items associated with our acquisition of the Advanced Displays business in January 2015, in each case, as further detailed in the tables below. Adjusted earnings from continuing operations per diluted share divides each element of adjusted earnings from continuing operations by the weighted average number of shares outstanding, diluted for the periods presented. EBIT is defined as operating earnings from continuing operations. Adjusted EBIT and adjusted gross margin exclude the same costs excluded from adjusted earnings from continuing operations. EBITDA consists of EBIT plus depreciation and amortization of $25.2 million in the second quarter and $50.5 million in the first six months of fiscal 2017, and $24.2 million in the second quarter and $48.0 million in the first six months of fiscal 2016. In accordance with the SEC's requirements, below is the reconciliation of the non-GAAP adjusted earnings from continuing operations to the comparable GAAP earnings from continuing operations. Additional relevant reconciliations are included in the presentation providing supplemental financial information. The company provides these non-GAAP financial measures as supplemental information to the GAAP financial measures. Management uses these non-GAAP financial measures to (a) evaluate the company's historical and prospective financial performance and its performance relative to its competitors, (b) allocate resources, and (c) measure the operational performance of the company's business units. In addition, management believes investors' and financial analysts' understanding of the company's performance is enhanced by including these non-GAAP financial measures as a reasonable basis for comparing the company's historical results of operations. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for the comparable GAAP measures, and free cash flow is not necessarily indicative of amounts available for discretionary use. There are limitations to these non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items that comprise the calculation. The company compensates for these limitations by using these non-GAAP financial measures as a supplement to the GAAP measures and by providing reconciliations of the non-GAAP and comparable GAAP financial measures. The non-GAAP financial measures should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or the company's future financial performance. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will," or the negative of such terms, or other comparable terminology. These forward-looking statements are only predictions based on the current intent and expectations of the management of Esterline, are not guarantees of future performance or actions, and involve risks and uncertainties that are difficult to predict and may cause Esterline's or its industry's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Esterline's actual results and the timing and outcome of events may differ materially from those expressed in or implied by the forward-looking statements due to risks detailed in Esterline's public filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K.


News Article | February 21, 2017
Site: www.marketwired.com

BELLEVUE, WA--(Marketwired - Feb 21, 2017) - Esterline Corporation (www.esterline.com) ( : ESL), a leading global specialty manufacturer primarily serving the aerospace and defense markets, today held an official inauguration for the company's latest manufacturing site in Kortrijk, Belgium. After Esterline acquired advanced display and visual systems technologies in 2015, the company invested more than EUR 15 million to upgrade and consolidate the facilities related to these new capabilities in Belgium into one state-of-the-art engineering and manufacturing operation. The facility operates within the Esterline Avionics Systems business platform in the company's Avionics & Controls segment. The facility grand opening event included a tour of the operation highlighting some of the innovation advancements made possible by the upgrade. It also drew several officials from Belgian trade and other government sectors. During the ceremony, a plaque was unveiled honoring 1st Lt. Murray Kenneth Spidle. Lt. Spidle was an American pilot trained in Canada and stationed in France who went missing in the West Flemish region during WWI. Esterline's new company site, which is being called the "Spidle" site, is named after Lt. Spidle as a representation of the many nations involved in Esterline's global displays and visualization systems businesses. Esterline CEO Curtis Reusser said, "This investment is a testament to the value of the team in Belgium and Esterline's growth strategy in this advanced technology area of the business, providing a key center of excellence for the entire enterprise." Esterline greatly expanded its expertise and experience in display and visualization technology when it acquired the Defense, Aerospace and Training activities of Barco N.V. in January of 2015. This new facility is the culmination of the integration and advancement efforts of this innovative business within the company, allowing the teams representing this capability to better serve such world-renowned players as Airbus, Boeing, CAE, Honeywell, and Lockheed Martin. About Esterline: Esterline Corporation is a leading worldwide supplier to the aerospace and defense industry specializing in three core areas: Advanced Materials; Avionics & Controls; and Sensors & Systems. With annual sales of approximately $2 billion, Esterline employs roughly 13,000 people worldwide. Operations within the Advanced Materials segment focus on technologies including high-temperature-resistant materials and components used for a wide range of military and commercial aerospace purposes, and combustible ordnance and electronic warfare countermeasure products. Operations within the Avionics & Controls segment focus on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, cockpit displays and integration systems, flight training and simulation equipment, secure communications systems, specialized medical equipment, and other high-end industrial applications. The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, specialized harsh-environment connectors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers.


News Article | November 10, 2016
Site: www.marketwired.com

Esterline Corporation ( : ESL) (www.esterline.com), a leading specialty manufacturer serving the global aerospace and defense markets, today reported results for the 2016 fiscal fourth quarter and full year ended September 30, 2016. The company generated consolidated revenue of $543.8 million in the fiscal fourth quarter, which was flat compared with the prior-year recast period. The Avionics & Controls segment had strong commercial aerospace and defense sales in the fiscal fourth quarter of 2016, which were offset by a sales decrease in Advanced Materials primarily related to a previously reported temporary plant shutdown. The results for our fiscal 2015 fourth quarter and fiscal year have been recast to the three months and twelve months ended October 2, 2015, respectively, in order to provide meaningful comparisons to prior-year periods. Curtis Reusser, Esterline's Chief Executive Officer, said, "We finished fiscal 2016 on a high note driven by strong volume and improved margins. We are pleased with the operational milestones reached during the year, including completion of the two remaining accelerated integration projects and substantial progress on our E3 initiatives. I am excited to enter a new fiscal year with a clear focus on execution, supported by solid order rates and backlog." Earnings from continuing operations in the fiscal fourth quarter of 2016 increased 29.2% to $52.0 million, or $1.75 per diluted share, compared with $40.3 million, or $1.34 per diluted share, in the recast prior-year period results, primarily due to stronger operating earnings and receipt of a $5.0 million business interruption insurance payment. In addition, the recast prior-year period included a $9.2 million after-tax loss on early extinguishment of debt. Adjusted earnings from continuing operations for the fiscal fourth quarter of 2016 were $58.2 million, or $1.96 per diluted share. In the comparable recast period of the prior year, adjusted earnings from continuing operations were $66.0 million, or $2.20 per diluted share. For the fiscal fourth quarter of 2016, adjusted earnings exclude $0.21 per diluted share of costs related to previously identified integration, restructuring and compliance activities (see Table 1). Table 1: Effect of Certain Items on Fiscal 4th Quarter 2016 Earnings from Continuing Operations Including discontinued operations, net earnings for the fiscal fourth quarter of 2016 were $52.3 million, or $1.76 per diluted share, compared with $21.0 million, or $0.70 per diluted share, for the comparable recast period in 2015. Net earnings in the fiscal fourth quarter of 2016 included $0.2 million of earnings from discontinued operations, while the prior year included a $19.3 million loss from discontinued operations. New orders in the fiscal fourth quarter of 2016 were $475.4 million, compared with $501.0 million in the comparable recast period of 2015. The company's book-to-bill ratio for the fiscal fourth quarter was 0.9. Backlog at the end of fiscal 2016 was $1.3 billion, compared with $1.2 billion at the end of fiscal 2015. Gross profit in the fiscal fourth quarter of 2016 was $193.8 million, compared with $185.8 million in the prior-year recast period. Reported gross margin as a percentage of sales in the fiscal fourth quarter of 2016 was 35.6%, compared with 34.1% in the prior-year recast period. The company's adjusted gross profit, excluding the discrete items consistent with adjusted earnings, was $196.1 million, or 36.1% of sales, in the fiscal fourth quarter of 2016, compared with adjusted gross margin of $189.1 million, or 34.7% of sales, in the recast fourth quarter of 2015. Selling, general and administrative (SG&A) expenses during the fiscal fourth quarter of 2016 were $102.0 million, or 18.8% of sales, compared with $94.6 million, or 17.4% of sales, in the prior-year recast period. Approximately $8 million in higher year-over-year SG&A expenses in the fiscal 2016 fourth quarter were due to bad debt expense within the Avionics & Controls segment. Excluding this expense, SG&A expenses were 17.3% of sales in the fourth quarter of fiscal 2016. Research, development and engineering spending in the fiscal fourth quarter of 2016 was $23.2 million, or 4.3% of sales, compared with $25.4 million, or 4.6% of sales, in the prior-year period. The company's income tax rate in the fiscal fourth quarter of 2016 was 17.6%, compared with 7.9% in the prior-year period. The lower tax rate in the fiscal fourth quarter of 2015 was principally the result of lower earnings and beneficial tax effects from the DAT acquisition. For the full fiscal year ended September 30, 2016, sales were $1.99 billion, roughly flat with the prior-year period. Fiscal 2016 GAAP earnings from continuing operations were $117.0 million, or $3.93 per diluted share, compared with the prior-year period results of $127.9 million, or $4.10 per diluted share. Excluding the discrete costs described in Table 2 below, adjusted earnings from continuing operations in fiscal 2016 were $144.8 million, or $4.86 per diluted share, compared with the prior-year period results of $179.1 million, or $5.74 per diluted share. Table 2: Effect of Certain Items on Full-Year Fiscal 2016 Earnings from Continuing Operations Cash flow from operations for fiscal 2016 was $167.2 million, compared with $193.7 million in the prior-year period. After capital expenditures of $68.5 million, free cash flow for fiscal 2016 was $98.7 million. In the recast 2015 full-year period, free cash flow was $138.3 million. Capital expenditures in fiscal 2016 were higher than the prior year due to approximately $15 million used to purchase and improve the primary facility of the DAT business. Fiscal 2016 EBITDA was $269.0 million, compared with $298.8 million in the recast prior-year period. Additional information about fiscal 2016 fourth quarter and full-year operational and financial results is available in a presentation on the company's website (www.esterline.com) in the Investor Relations section under "Presentations". The presentation is also included as Exhibit 99.2 to the company's report on Form 8-K, which is being submitted today to the SEC. Revenues for the fiscal year ending on September 29, 2017, are expected to be in the range of $2.0 billion to $2.05 billion. Fiscal 2017 GAAP earnings from continuing operations are expected to be in the range of $4.30 to $4.70 per diluted share. Adjusted earnings per share from continuing operations, excluding certain compliance and integration costs, are expected to be in the range of $4.50 to $4.90 per diluted share. The company's tax rate is expected to increase from 16.0% in fiscal 2016 to 25.0% in fiscal 2017 driven by higher earnings, changes in international tax regulations and timing of discrete tax items. This change in effective tax rate is estimated to have an impact on fiscal 2017 earnings of ($0.55) per diluted share. The company expects fiscal 2017 free cash flow to be in a range of $165 million to $185 million and EBITDA to be in a range of $295 million to $315 million. Reusser said, "Our teams will continue to execute within the Esterline Operating System, or E3, and capitalize on positive trends in the marketplace in fiscal 2017. While our business environment has a level of uncertainty in the coming year and our 2017 EPS will be impacted negatively by the increase in our tax rate, I'm pleased that our outlook for EBITDA and free cash flow in fiscal 2017 shows strong improvements over 2016." Esterline will host a conference call to discuss this announcement today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The U.S. dial-in number is 877-307-0078; outside the U.S., use 531-289-2890. The pass code for the call is: 98000160. This press release and the related presentation providing supplemental financial information include non-GAAP financial measures -- adjusted earnings from continuing operations, adjusted earnings from continuing operations per diluted share, adjusted earnings before interest and tax (EBIT), operating earnings from continuing operations adjusted to exclude depreciation and amortization expense (EBITDA), adjusted gross margin, also referred to as gross profit, adjusted SG&A expense, and free cash flow -- that have not been calculated in accordance with generally accepted accounting principles in the U.S. (GAAP). Adjusted earnings from continuing operations consist of earnings from continuing operations attributable to Esterline less the costs associated with certain integration activities -- including restructuring charges -- and incremental compliance costs, discrete items associated with our acquisition of the DAT business in January 2015, as well as the other items further detailed in the tables below. Adjusted earnings from continuing operations per diluted share divides each element of adjusted earnings from continuing operations by the weighted average number of shares outstanding, diluted for the periods presented. EBIT is defined as operating earnings from continuing operations. Adjusted EBIT excludes the same costs excluded from adjusted earnings from continuing operations set forth in the tables below. EBITDA is EBIT plus depreciation and amortization of $98.9 million in fiscal 2016 and $99.6 million in fiscal 2015. Fiscal fourth quarter 2016 adjusted gross margin excludes the cost of certain integration activities, which increased GAAP gross margin by $2.3 million. Adjusted gross margin in the recast fourth quarter of 2015 excludes certain integration costs and purchase accounting charges totaling $3.2 million. In accordance with the SEC's requirements, below is the reconciliation of the non-GAAP adjusted earnings from continuing operations to the comparable GAAP earnings from continuing operations and additional relevant reconciliations are included in the presentation providing supplemental financial information. The company provides these non-GAAP financial measures as supplemental information to the GAAP financial measures. Management uses these non-GAAP financial measures to (a) evaluate the company's historical and prospective financial performance and its performance relative to its competitors, (b) allocate resources, and (c) measure the operational performance of the company's business units. In addition, management believes including these non-GAAP financial measures enhances investors' and financial analysts' understanding of the company's performance as well as their ability to assess and compare the company's historical results of operations. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for the comparable GAAP measures, and free cash flow is not necessarily indicative of amounts available for discretionary use. There are limitations to these non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items that comprise the calculation. The company compensates for these limitations by using these non-GAAP financial measures as a supplement to the GAAP measures and by providing reconciliations of the non-GAAP and comparable GAAP financial measures. The non-GAAP financial measures should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or the company's future financial performance. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will," or the negative of such terms, or other comparable terminology. These forward-looking statements are only predictions based on the current intent and expectations of the management of Esterline, are not guarantees of future performance or actions, and involve risks and uncertainties that are difficult to predict and may cause Esterline's or its industry's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Esterline's actual results and the timing and outcome of events may differ materially from those expressed in or implied by the forward-looking statements due to risks detailed in Esterline's public filings with the Securities and Exchange Commission including its most recent Transition Report on Form 10-K. ESTERLINE TECHNOLOGIES CORPORATION Consolidated Statement of Operations (unaudited) In thousands, except per share amounts ESTERLINE TECHNOLOGIES CORPORATION Consolidated Sales and Earnings From Continuing Operations by Segment (unaudited) In thousands


News Article | December 14, 2016
Site: www.marketwired.com

BELLEVUE, WA--(Marketwired - Dec 14, 2016) - Esterline Corporation (www.esterline.com) ( : ESL), a leading global specialty manufacturer primarily serving the aerospace and defense markets, has announced the selection of Pierre Rossignol to serve as President for the company's Advanced Sensors group of companies, comprised of five manufacturing and aftermarket facilities employing approximately 1000 people in France, Mexico, Singapore, the United Kingdom, and the United States. Esterline CEO Curtis Reusser said, "It's a great pleasure to welcome Pierre to our Advanced Sensors team. His industry and international experience will be of great value to our business, particularly as we continue the improvements we've made both in our aftermarket penetration and in our overall strength as a top sensor solutions provider." Rossignol joins Esterline after 14 years with Airbus Helicopters, where he was responsible for various programs and most recently led the Malaysian operations for the company. Previous roles with Airbus focused on operational performance improvement and supply chain improvement. He has also worked as a Sales Director for Aircelle's engine nacelle business and began his career with a sensors business that is a subsidiary of Esterline. He holds an MBA from The American International University in London. Rossignol succeeds Charlie Johnston, who is retiring at the end of this year after a 40-year career in the aerospace industry. About Esterline: Esterline Corporation is a leading worldwide supplier to the aerospace and defense industry specializing in three core areas: Advanced Materials; Avionics & Controls; and Sensors & Systems. With annual sales of approximately $2 billion, Esterline employs roughly 13,000 people worldwide. Operations within the Advanced Materials segment focus on technologies including high-temperature-resistant materials and components used for a wide range of military and commercial aerospace purposes, and combustible ordnance and electronic warfare countermeasure products. Operations within the Avionics & Controls segment focus on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, cockpit displays and integration systems, flight training and simulation equipment, secure communications systems, specialized medical equipment, and other high-end industrial applications. The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, specialized harsh-environment connectors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers.


Grant
Agency: European Commission | Branch: H2020 | Program: CS2-IA | Phase: JTI-CS2-2015-CFP02-LPA-03-04 | Award Amount: 2.86M | Year: 2016

The purpose of LAPARTS is to develop a Touch Screen Control Panel (TSCP) system that can host all functionalities currently hosted on the Overhead Control Panel (OCP). The OCP today consists of numerous electro-mechanical switches, buttons, knobs and annunciators connected with discrete wires to the aircraft systems. The current state of art of OCPs has several issues with ergonomic, economic and environmental implications. The TSCP system will address these issues while hosting highly safety critical functions. The TSCP system will be compatible with up to catastrophic failure conditions and will secure the control chain from the touch sensor to the controlled system and back to the display. In a first phase (ending Aug. 2019), TSCP prototypes will be integrated and evaluated in an enhanced cockpit simulator and potentially flight test platforms, targeting an evolution of the cockpit for existing aircraft. In a second and conditional phase (ending end of 2023), the TSCP will be integrated and evaluated in a disruptive cockpit simulator, targeting a revolution of the cockpit for deployment in future aircraft at the longer term. The TSCP will be developed following a user centred design methodology paying a lot of attention to human factors and end user interests. LAPARTS will adopt a sophisticated combination of projected capacitive and force sensing technologies in the touch screen in order to achieve the required safety levels while preserving user comfort. LAPARTS will contribute to WP3.1 of the LPA IADP (tactile HMI), including weight reduction, manufacturing and usage cost reductions and recommendations towards the certification authorities. LAPARTS will also advance touch screen technology for use in turbulence conditions and safety critical applications.


A device (10) and a method for analyzing a sample (16) containing fluorophores use a light source (12) emitting light (_(ex)) onto the sample (16), and onto a fluorescence standard (14). The fluorophores of the sample (16), given an immission of light of a first wavelength (_(ex1)), have a first excitation efficiency and, given an immission of light of a second wavelength (_(ex2)), have a second excitation efficiency. The fluorescence standard (14), given the same immissions of light, has a third excitation efficiency and, a fourth excitation efficiency. An optical element (20) which is arranged between the light source (12) and the sample (16) and/or (12) the fluorescence standard (14) adapts, due to its optical property, a first difference between the first excitation efficiency and the second excitation efficiency and a second difference between the third excitation efficiency and the fourth excitation efficiency to each other.


Trademark
Esterline | Date: 2016-04-04

Computer hardware; embedded computer platforms and operating systems; embedded controllers; custom input devices, namely, electronic and wireless handheld devices; programmable, electronic button panels and displays; computer hardware in the nature of input control devices, namely, keyboards and mice for controlling electronic equipment; medical control panels; Components for gaming machines, namely, push buttons, reels, toppers, LED game lights, coin acceptors, electronic LED signs, and printed circuit boards; electronic game equipment and accessories, namely, game cables and game connectors; in vitro diagnostic (IVD) instrumentation for OEM customers; handheld and point-of-use devices for testing in medical diagnostics, veterinary diagnostics, consumer diagnostics, food and beverage industry, agriculture, environment, bio-warfare/defense and forensics; Laboratory instruments, namely, bench-top instrumentation solutions for applications with clinical chemistry, immunochemistry, hemostasis and microbiology; Electrical switches; electronic touch sensitive switches; encoders; user interfaces for electrotechnical and electronic devices; potentiometers; elastomeric keypads; rotor switches. LED lighting fixtures and light bulbs. Gaming devices and equipment; gaming consoles and displays for gambling; part and fittings therefor. Custom manufacturing services in the field of electronics; custom manufacturing for others in the medical, industrial, defense and gaming industries; Custom manufacturing and engineering of in vitro diagnostic (IVD) instrumentation, medical diagnostics equipment, veterinary diagnostics equipment, and consumer diagnostics equipment; Custom manufacturing and engineering of products for the food and beverage, agriculture, environment, bio-warfare/defense and forensics industries; Custom manufacturing and engineering of laboratory instruments, namely, bench-top instrumentation solutions for applications with clinical chemistry, immunochemistry, hemostasis and microbiology; Manufacture of customized products for others in the field of electronic keyboards, modules and input/output devices for keyboards, input controllers, control panels, tube displays and indicators, slide potentiometers, encoders, keypads, and computer cursor control devices. Product research, development, engineering, design and testing of new products for others; product research, development, engineering, design and testing in the field of electronics; engineering design services; engineering services for the medical, industrial, defense and gaming industries; product research, development, engineering, design and testing for the medical, industrial, defense and gaming industries; Design and development of in vitro diagnostic (IVD) instrumentation, medical diagnostics equipment, veterinary diagnostics equipment, and consumer diagnostics equipment, design and development of products for the food and beverage, agriculture, environment, bio-warfare/defense and forensics industries; Design and development of laboratory instruments, namely, bench-top instrumentation solutions for applications with clinical chemistry, immunochemistry, hemostasis and microbiology; Design, development and engineering for others of customized products in the field of electronic keyboards, modules and input/output devices for keyboards, input controllers, control panels, tube displays and indicators, slide potentiometers, encoders, keypads, and computer cursor control devices. Licensing of intellectual property, namely, licensing of technology for electronic switches, encoders, potentiometers and human-machine interface devices.


Trademark
Esterline | Date: 2016-04-05

Liquid level sensors and mass flow sensors; switches and transducers for high pressure hydraulic systems; optical pyrometers for turbine blade surface temperature measurements; thermocouple systems for measuring inter-turbine and exhaust gas temperatures; Apparatus and instruments responsive to a variable for measuring and/or controlling pressure, temperature, liquid level, electrical output, electrical magnitudes, flow of fluids, and determination of the presence of flames, namely, alarm, control and signaling systems; non-intrusive sensors. Repair and overhaul services; testing and checking services; spare parts exchange, retrofits/check/repairs/overhauls spare parts/standard exchanges retrofit and upgrade services. Manufacturing services in the field of high-precision temperature and pressure sensors, liquid level sensors, mass flow sensors, and temperature and pressure measurement devices; manufacturing services for the aviation, aerospace and power industries. Product research, development, engineering, design and testing in the fields of high-precision temperature and pressure sensors, liquid level sensors, mass flow sensors, and temperature and pressure measurement devices; product research, development, engineering and design services for the aviation, aerospace and power industries; engineering and design services for aircraft and jet engine manufacturers.


Trademark
Esterline | Date: 2016-04-05

Countermeasure systems for naval defense, in the nature of computers and operating software for controlling rockets, projectiles, missiles and launchers therefor; structural parts for all the aforesaid goods; marine sound signals; under water signaling devices; Signaling, testing, measuring and acoustic apparatus and instruments, in the nature of message signaling flares, underwater pyrotechnic message signaling devices, submarine launched underwater pyrotechnic message signaling devices, smoke generating floating position marking devices, vertical firing pyrotechnic message signaling devices and safe-fire mechanisms sold together as a unit; countermeasure systems for air, land and naval defense, in the nature of computers and operating software for controlling smoke generating blocks and dispensers therefor, smoke detonators, rockets, projectiles, missiles, ammunition, balloons, flares, pyrotechnics, explosives, and launchers therefor; emergency flares; remote controls for operating missiles, rockets, projectiles, ammunition, flares, explosives, pyrotechnics, smoke generating blocks and dispensers therefor; structural parts for all the aforesaid goods. Target flares; tracking flares; infrared flares; tracking float; countermeasure decoy flares, namely, target flares, tracking flares, spectral flares, infrared flares, and structural parts for all the aforesaid goods. Defense equipment and defense systems, in the nature of rocket launchers, projectile launchers, guided and ballistic missile launchers, projectiles, guided and ballistic missiles and ammunition, control equipment and operational equipment for all such systems sold as a component thereof or sold together as a unit therewith; rockets; missiles; pyrotechnics; rockets for carrying materials to be deployed in defense, decoy and weapon systems; rockets containing flares, chaff or reflective materials for radio and radar; structural parts for all the aforesaid goods; Mortars; mortar shells; mortar propellant containers; radar countermeasure chaff; missile defense decoy systems; infrared flares; expendable infrared decoys; spectral flares and MTV flares. Custom manufacturing services in the fields of countermeasures for air, land, and naval defense, signaling, testing, measuring and acoustic apparatus and instruments; Custom manufacturing in the field of decoy systems; custom manufacturing in the fields of ordnance products, infrared decoy flares, radar countermeasure chaff, missile countermeasures, torpedo decoy systems and pyrotechnic devices. Product research, development, engineering, design and testing of new products for others; product research, development, engineering, design and testing in the field of ordnance products, infrared decoy flares, radar countermeasure chaff, missile countermeasures, torpedo decoy systems and pyrotechnic devices; development and analysis of expendable decoy systems; custom manufacturing services in the fields of countermeasures for air, land and naval defense, signaling, testing, measuring and acoustic apparatus and instruments; development and analysis of expendable decoy systems.


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