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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 | May 17, 2017
Site: www.marketwired.com

BELLEVUE, WA--(Marketwired - May 17, 2017) - Esterline Corporation ( : ESL), a leading specialty manufacturer serving the global aerospace and defense markets, today announced the appointment of Michael J. Covey, Chairman and Chief Executive Officer of Potlatch Corporation, to Esterline's Board of Directors, effective May 16, 2017. Mr. Covey was appointed to the class of directors whose term of office will expire at the 2020 Annual Meeting of Shareholders. The election of Mr. Covey followed a search and selection process conducted by Esterline's Nominating & Corporate Governance Committee to fill a vacancy left by the retirement of Mr. James J. Morris in February, 2017. With this appointment, the number of Esterline board members expands to ten directors, nine of whom are independent under the New York Stock Exchange standards, including Mr. Covey. Curtis Reusser is the board's sole non-independent director as he is Esterline's Chairman, President & CEO. Mr. Reusser said, "Mike is a great addition to Esterline's Board of Directors, bringing extensive experience in finance, operations and executive management to the team. His board involvement with a multi-billion dollar public company will help him get up to speed quickly on our strategic initiatives and contribute to our ongoing transformational efforts, driving value in our business and building on the momentum we have achieved." "I'm pleased to join this skilled team of directors at Esterline," Mr. Covey said. "I look forward to working together to advance the company's progress and achievement of its strategic objectives." A Form 8-K reporting the appointment has been filed by Esterline today with the Securities and Exchange Commission. About Michael J. Covey: Mr. Covey currently serves as Chairman and Chief Executive Officer for Potlatch Corporation, where he has spent 12 years in executive leadership roles, including the company's Chairman since 2007. From 1982 to 2005, Mr. Covey served in a variety of leadership roles at Plum Creek Timber Company, ranging from Manager of Planning and Budgeting to Executive Vice President in charge of multiple facilities and over three million acres of timberland. He also has extensive board experience with a number of associations and community organizations. Mr. Covey holds an MBA in forestry from the University of Oregon and a Bachelor of Science degree in forestry from the University of Montana. 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 producing high-precision temperature and pressure sensors, specialized harsh-environment connectors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers. 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 our 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.


BELLEVUE, WA--(Marketwired - May 22, 2017) - Esterline Corporation (www.esterline.com) ( : ESL), a leading global specialty manufacturer primarily serving the aerospace and defense markets, today announced that Joe Baddeley has been selected to serve as President for the company's Interface Technologies business platform. Esterline Interface Technologies is a global group of companies specialized in human-machine interface products for applications ranging from medical services and casino gaming to rugged military and industrial input devices. The group's manufacturing and engineering facilities are located in Asia, Germany, the U.K. and the U.S., employing approximately 1,000 people. Esterline CEO Curtis Reusser said, "We are fortunate to add Joe's leadership qualities and experience to our team. His broad manufacturing, engineering, and management background will help our Interface Technologies group maximize their market and product potential." Most recently, Baddeley served as an executive with Marmon Engineered Components, serving as President for the Plumbing Group, a global group of businesses with over $250 million in sales. He also has board, executive, general management and M&A experience with companies including Parker-Hannifin and IDEX Corp. Baddeley has a bachelor's degree and a master's degree in mechanical engineering from Washington State University and has completed executive programs through both Harvard and MIT. Dennis Staver, who has served for the prior seven years as Interface Technologies Platform President, will continue with the business in a leadership role with one of Esterline's U.K.-based business units for the next year until his retirement. 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.


Korry devices to be assembled into control panel assemblies for AH-64E Apache helicopter at Boeing-certified Rossell Techsys plant in Bangalore, India PARIS, FRANCE--(Marketwired - Jun 19, 2017) - PARIS INTERNATIONAL AIR SHOW - Esterline Corporation (www.esterline.com) ( : ESL), a leading global specialty manufacturer primarily serving the aerospace and defense markets, today announced it has been awarded a five-year contract to supply its Korry-branded control devices to Rossell Techsys for final assembly into control panels for the Boeing AH-64E Apache military attack helicopter program. Based in Bangalore, India, Rossell Techsys is the Aerospace and Defence Division of Rossell India Limited. It is an AS-9100 and Boeing-certified build-to-print manufacturer that was named a 2015 Boeing Supplier of the Year award winner. Previously, Esterline supplied Korry switches and control knobs to Boeing directly for these AH-64 panels, but as part of a Boeing initiative, the panels will now be built in India. The Korry parts, manufactured in Everett, Wash., will be shipped to Rossell Techsys, who in turn will deliver complete panel assemblies to Boeing's facility in Mesa, Ariz. for new production and remanufacture of AH-64E helicopters. In addition to the switches and knobs provided earlier, Esterline will now also deliver Korry 5/8-inch magnetic latch switches, which can be actuated, locked and released remotely from other control units in the cockpit. "We are looking forward to our ongoing partnership with Esterline, whose Korry line of precision control products has a respected history on Boeing aircraft going back 80 years," said Prabhat Kumar Bhagvandas, Chief Executive Officer at Rossell Techsys. "With this arrangement, we can provide Boeing with the capability they seek while maintaining continuity in the reliability of individual components already used in the AH-64 cockpit." About Esterline Control & Communication Systems Esterline Control & Communication Systems (www.esterline.com/controlandcommunication) is a wholly owned subsidiary of Esterline Corporation that designs and produces leading technology control and communication components and subsystems for today's advanced requirements, focusing on delivering high-reliability human-machine interface (HMI) solutions to its customers across the globe. About Esterline Corporation 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.


PARIS, FRANCE--(Marketwired - Jun 19, 2017) - PARIS INTERNATIONAL AIR SHOW - Esterline Corporation (www.esterline.com) ( : ESL), a leading global specialty manufacturer primarily serving the aerospace and defense markets, is pleased to announce the award of a contract from Airbus Helicopters to supply its CMC Electronics brand Integrated Helicopter Solution for the upgrade of the German Armed Forces' CH-53GS/GE Sea Stallion helicopters. The upgrade features the Esterline CMC Electronics CMA-9000 Flight Management System and the Esterline MFD-3068 Smart Multi-Function Display which will address obsolescence and enhance the CH-53GS/GE's capabilities by providing a flexible, modernized cockpit with improved civil navigation features. Michel Potvin, President, Esterline Avionics Systems, said: "The German Armed Forces were looking for a cost-effective way to extend the life of their Sea Stallion fleet and we are delighted that the CH-53GS/GE helicopters will benefit from the extensive navigation and radio management capabilities of our CMA-9000 FMS as well as from our latest generation of smart multi-function displays. Our Integrated Helicopter Solutions are highly flexible, allowing for multiple levels of modernization, from a minor upgrade to a full avionics suite. Our goal is to optimize situational awareness for our commercial and military customers and ensure their mission success." The CMA-9000 is a field-proven, highly integrated and flexible solution that is optimized for helicopter operations. It provides flight management and multi-sensor navigation throughout all phases of flight, radio management and many specialized functions that help reduce pilot workload during mission-critical applications such as Search and Rescue (SAR) and offshore operations. The CMA-9000 supports both military and civil navigation modes, with compliance to the latest standards for Required Navigation Performance (RNP) and Satellite Based Augmentation System (SBAS) approaches, including Localizer Performance with Vertical Guidance (LPV). The integrated radio management system offers savings in terms of size, weight, power and cost on the helicopter. Night Vision Goggle (NVG) capability enables night-time operations for police, SAR and Emergency Medical Service operators, making the CMA-9000 suitable for a wide range of helicopter applications. The third-generation MFD-3068 smart display is designed as an open architecture platform, featuring next- generation MOSArt™ (Modular Open System Architecture) middleware built with non-proprietary industry standards for the partitioning of applications (ARINC 653) and the latest in Multi-Core Real Time Operating Systems (RTOS). The display is complemented by Esterline supplied software applications (PFD, Navigation, etc.), customer supplied applications or both. With an optical quality second to none, the display offers true 8-bit colour rendition with optical performance stabilized over its design life-time and its extended operating temperature envelope (+70C continuous). Its next-generation Light Emitting Diode (LED) illumination system supports multi-mode operations (day / night / NVIS) and provides up to 275 fL of illumination in day mode. About Esterline Avionics Systems Esterline Avionics Systems (www.esterline.com/avionicssystems) has achieved an international reputation for innovation and excellence in the design and manufacture of advanced displays and CMC Electronics brand products for the military and commercial aviation markets. The company's focus is on delivering innovative cockpit systems integration, avionics and display solutions to its customers worldwide. About Esterline Corporation 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.


PARIS, FRANCE--(Marketwired - Jun 19, 2017) - PARIS INTERNATIONAL AIR SHOW - Esterline ( : ESL) is pleased to announce that it has celebrated an important milestone with respect to its CMC Electronics PilotView® family of Electronic Flight Bag (EFB) and TacView® Portable Mission Display products with the shipment of its 6000th EFB to a key airline customer. Michel Potvin, President, Esterline Avionics Systems, said: "We are delighted to achieve this important delivery milestone and I congratulate the team who has been involved in the design, production and support of these highly successful products. Our PilotView® Electronic Flight Bag systems are in their 12th year of production and boast a solid international customer base. In fact, the 6000th EFB was shipped to Embraer, a key customer for this product, with more than 500 units shipped to date. In the military transport aircraft market, deliveries of our TacView® system are well over 1500 units for our high-end, NVIS friendly, Portable Mission Display." The PilotView® family has expanded significantly and now includes the PilotView® Aircraft Information Server (AIS) and Aircraft Network Switch (ANS). The ANS is standard equipment on the Bombardier C Series production aircraft, with the AIS-EFB displays configuration offered as an option. The company's EFBs are evolving with OEM aircraft information and connectivity management requirements to offer additional application support capabilities and greater integration with aircraft systems. The PilotView® Class 2 EFB systems continue to evolve, with product configurations now ranging from 8.4" to 12.1" display processors. The latest addition is the PilotView® Tablet EFB known as the CMA-1310. The PilotView® CMA-1310 Tablet EFB features full HD display resolution and Intel® multi-core processing capabilities for cockpit and situational awareness applications. The AIS works with the CMA-1310 EFB or other tablets to secure connectivity with aircraft systems as well as aircraft-ground communications. The PilotView® EFB family of products is a standard option on business aircraft, including the Dassault Falcon 900, 2000,7X and 8X, Embraer Legacy 600/650 and Lineage, Bombardier Challenger* 600* series* business jets, and by Boeing for Next-Generation 737s and BBJs. The PilotView® products are on numerous air transport aircraft such as the Bombardier C Series, ATR, Embraer E-jets (170/190), the Airbus A320 and A330, and the Boeing 737, 747, 757,767 and 777. About Esterline Avionics Systems Esterline Avionics Systems (www.esterline.com/avionicssystems) has achieved an international reputation for innovation and excellence in the design and manufacture of advanced displays and CMC Electronics brand products for the military and commercial aviation markets. The company's focus is on delivering innovative cockpit systems integration, avionics and display solutions to its customers worldwide. About Esterline Corporation 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.


PARIS, FRANCE--(Marketwired - Jun 19, 2017) -  PARIS INTERNATIONAL AIR SHOW -- Esterline ( : ESL) is pleased to announce that its CMC Electronics brand products have received a 2016 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Esterline's CMC Electronics products maintained a Silver level composite performance rating for each month of the 12-month performance period, from October 2015 to September 2016. This year, Boeing recognized 480 suppliers who achieved either a Gold or Silver level performance excellence award. Esterline's CMC Electronics is one of only 402 Silver suppliers to receive the Silver level of recognition. Esterline is a proud suppler to Boeing of the CMC Electronics PilotView® Electronic Flight Bag and Maintenance Access Terminal as well as the CMA-2200SB Intermediate Gain and CMA-2012SB High-Gain Inmarsat SATCOM antenna systems. Michel Potvin, President, Esterline Avionics Systems, said: "We are very proud to receive the Silver Performance Excellence Award and recognition by Boeing of our achievements as a trusted supplier. We extend congratulations to our team for their exemplary work and efforts in achieving this success with Boeing." Esterline supplies its CMC Electronics 10.4 inch PilotView® Electronic Flight Bag (EFB) to Boeing for Next-Generation 737s and Boeing Business Jets. The Class 2 EFB system is available on production aircraft and for retrofit. Boeing's EFB solution is fully integrated, allowing customers the flexibility they need. The Boeing system provides an integrated solution from the aircraft to the airline's back-office and offers value through improved operational efficiencies. In addition, the PilotView® CMA-1410 Electronic Flight Bag (EFB) is standard equipment on the Boeing 777 as the Maintenance Access Terminal (MAT) replacement. The 10.4 inch device is used as a display terminal in the 777 flight deck, enabling maintenance personnel and crew to access aircraft systems from one central location and relay data where required. The company also supplies its 10.4" PilotView® Electronic Flight Bag (EFB) for the Boeing Onboard Network Access Terminal (ONAT) Program where the unit is used as the access terminal on the 747-8. Esterline supplies its CMC Electronics CMA-2200SB Intermediate Gain Antenna (IGA), the industry's lightest top-mounted electronically steered phased array IGA as a line-fit option on Boeing 777X and 737 aircraft. The CMA-2200SB is ARINC 781 compliant and supports classic Aero-I, multi-channel SwiftBroadband and SwiftBroadband Safety services, permitting customers to use ACARS, FANS 1/A and SATCOM voice to communicate with ATC and AOC when outside of VHF range. In addition, the CMA-2102SB High Gain Antenna (HGA) is available on Boeing 777 and 767 aircraft as a line-fit option. The CMA-2102's high reliability and performance are key contributors to the achievement of a recent milestone to ship the company's 3500th antenna. About Esterline Avionics Systems Esterline Avionics Systems (www.esterline.com/avionicssystems) has achieved an international reputation for innovation and excellence in the design and manufacture of advanced displays and CMC Electronics brand products for the military and commercial aviation markets. The company's focus is on delivering innovative cockpit systems integration, avionics and display solutions to its customers worldwide. About Esterline Corporation  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 | June 19, 2017
Site: www.marketwired.com

PARIS, FRANCE--(Marketwired - Jun 19, 2017) -  PARIS INTERNATIONAL AIR SHOW -- Esterline Corporation (www.esterline.com) ( : ESL), a leading global specialty manufacturer primarily serving the aerospace and defense markets, today announced it will showcase its latest pilot interface products at the Paris Air Show, June 19-25, Hall 5, Stand C250. Featured among several of its brands will be a recently released selection of Korry 389 5/8-inch LED switches configured as annunciators for ADS-B global positioning system (GPS) transceivers. They will be available for fast delivery as part of the Korry Quick Switch program. These quick-ship Korry ADS-B annunciators will be of particular interest to aircraft operators facing the ADS-B Out deadline of January 2020 mandated by the Federal Aviation Administration (FAA). Korry 389 switches are the OEM switch solution for most aerospace platforms. Under the FAA rule, ADS-B Out will be required for aircraft operating in Class A, B and C airspace, in certain Class E airspace at or above 10,000 feet and around busy airports identified in 14 CFR part 91, Appendix D. Esterline was the first manufacturer to introduce sunlight-readable LED switches with a patented dimming process, creating a much more robust product for the marketplace by eliminating the need for repairs. About Esterline Control & Communication Systems Esterline Control & Communication Systems (www.esterline.com/controlandcommunication) is a wholly owned subsidiary of Esterline Corporation that designs and produces leading technology control and communication components and subsystems for today's advanced requirements, focusing on delivering high-reliability human-machine interface (HMI) solutions to its customers across the globe. About Esterline Corporation 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.

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