Hampson Ind. Share Discussion Threads

[tullynessle] 24/10/2012 09:36

Good news for Boeing and for its Suppliers, including Hampson......



Boeing Starts Building First 777 at Increased Rate
Published October 23, 2012 | By Rob Vogelaar

8.3 per month rate is highest ever for a Boeing twin-aisle airplane

EVERETT, Wash., Oct. 23, 2012 /PRNewswire/ - Boeing (NYSE: BA) today began building the first 777 at the highest rate ever for a Boeing twin-aisle airplane. The rate of 8.3 airplanes per month is a nearly 20 percent increase over the previous seven per month rate.

The first part, the lower lobe of the aft fuselage, of the first 777 to be built at the new rate was loaded into position in the factory earlier today.

Article continues............

=============================================




Hampson RNS dated February 29, 2012

Extract:

Tools designed and manufactured by Hampson have, and continue to play, a critical role in the design, pre-production, and production phases of many programs in aerospace including Boeing 787, 777, 747-8, 737; Airbus A380, A350, A320; Bombardier CSeries* aircraft; Gulfstream G650; Cessna Citation;
HondaJet; Lockheed Martin F-35; Boeing F-18; and Sikorsky CH53. Hampson now works with virtually every major airframe manufacturer in the world.

[tullynessle] 20/10/2012 09:06

Perhaps delays in the F-35 aircraft are in the past noting that "The F-35B short takeoff/vertical landing variants are the fifteenth and sixteenth F-35s to ferry to Eglin this year."




Second UK F-35 And Marine Corps F-35B Delivered To Eglin

FORT WORTH, Texas, October 19, 2012 – The second United Kingdom Lockheed Martin [NYSE: LMT] F-35 Lightning II takes off from Naval Air Station Fort Worth Joint Reserve Base today for delivery to Eglin Air Force Base, Fla. Eglin's eleventh U.S. Marine Corps F-35B ferried to the Emerald Coast with the U.K. jet. The aircraft, known as ZM136 and BF-16, departed at approximately 8:06 a.m. CDT with U.K. Royal Air Force Sqn. Ldr. Jim Schofield and Marine Corps Maj. Adam Levine at the controls, respectively, for the 90-minute ferry flight to Eglin. ZM136 joins the first United Kingdom F-35B, which arrived at the base for operational test and evaluation in July. The F-35B short takeoff/vertical landing variants are the fifteenth and sixteenth F-35s to ferry to Eglin this year.

Article continues....

[p1nkfish] 13/10/2012 08:32

What chance there is any value here at all?

[tullynessle] 11/10/2012 07:02

The UAV market is significant.

Extract:

"We, (Aerospace & Defence Reports), have determined that the value of the global UAV market in 2012 will reach $7.26bn."


https://www.asdreports.com/shopexd.asp?id=4813

The Unmanned Aerial Vehicles (UAV) Market 2012-2022: Technologies for ISR & Counter Insurgency

Unmanned aerial vehicles (UAVs) are becoming increasingly important for militaries worldwide. UAVs are expected to perform key roles in current and future forces, thus providing robust demand over the next decade. UAVs are taking on a range of battlefield tasks, and have proven critical to intelligence gathering, targeting, and situational awareness; while armed UAVs are being used in attack missions where a persistent presence is required, or where manned aircraft operations are deemed unsuitable. There is also an emerging market for civil or non-military UAVs, that has received significant impetus from the US plan to integrate UAVs into national airspace. We have determined that the value of the global UAV market in 2012 will reach $7.26bn.


Content summary continues.....

[tullynessle] 10/10/2012 16:28

Failed merger 'opens Pandora's Box' and puts BAE in play

On Monday night at the Tory party conference, Sir Gerald Howarth, until last month a minister at the MOD, said he feared that the BAE-EADS proposals had "opened a Pandora's Box".

By Damian Reece, Head of Business2:02PM BST 10 Oct 2012

The lid has now been blown off that box by the news that BAE won't be merging with EADS.

BAE Systems is certainly in play, although the Government retains its golden share that can veto any further corporate action.

However, having been willing to entertain a merger of BAE with EADS, presumably the Coalition is willing to consider any bid, or even break-up, of BAE.

Article continues......

[tullynessle] 10/10/2012 16:16

I have added Item 13

Re Posts 2598 / 2600

I have extracted the list in Post 2598 and added numbers for tracking each item. Others can be added by BB members.

I haven't given up on Hampson, (although perhaps I should?), for some of the reasons already posted on the BB, to include:

01 Dreamliner Issue - hopefully resolved and income due in 2012 now to be paid in 2013 (less any additional cost but plus any recoveries)

02 Pension Deficit - impacted positively by rising markets (FTSE + 12% )

03 Interest rates remain low - favourable impact on financing

04 Government "Funding for Lending" initiative

05 Finance now available from other sources

06 Government interest in supporting UK Industry

07 Boeing increased production in Q3 - reported Post 2596

08 HondaJet - good progress

09 Airbus, Bombardier, etc - confidence in the Aerospace / Airframe industry.

10 Composite Horizons work for General Atomics on the Predator Avenger drone. Drones are a big growth area. (Per Minsky 2600)

11 Composite Horizons - Has CHI extended their medical range of Diagnostic equipment and services, thereby enhancing opportunity in a growth market and contributing to the management of delay risk in the aerospace sector.

12 M & A / Consolidation in the aerospace sector e.g. BAe & EADS

13 Operational, Revenue and Profit benefits accruing from the Project performed by the cross functional team formed to transfer and assimilate a major new program critical to the future success of the company, (Texstars / Hampson?) - Post 2611

14 Other


Facts believed to be correct however all IMO / DYOR

[loverat] 10/10/2012 16:14

All very well the company harvesting benefits to ops but what about shareholders here?

[tullynessle] 10/10/2012 16:11

Sent the email below to Hampson management.

From:
Sent:
To: XXXXXXXX
Subject: Texstars / Hampson_ Cross functional team to transfer and assimilate a major new program critical to the future success of the company,


Dear Mr XXXXXX

I am pleased to note that a cross functional team was formed to transfer and assimilate a major new program critical to the future success of the company, (Texstars / Hampson?)

Hopefully the Project was successful and Hampson are harvesting benefits to operations, revenue and profits in the current year, and thereafter.

Excellent initiative.

Kind regards
xxxxxxxxxx
(Shareholder)



I

[diku] 10/10/2012 15:45

I guess life still normal for insiders in terms of getting their salaries....

[tullynessle] 09/10/2012 15:28

Hopefully more work, (and revenue), for Hampson in the current financial year..............



HondaJet production on track to begin this year

By: JOURNALNOW STAFF | McClatchy-Tribune
Published: October 02, 2012

GREENSBORO --

The makers of HondaJet are on course to deliver their candy-colored planes in late 2013.

Honda Aircraft Co. will slowly begin making its $4.5 million jet by the end of 2012 and will begin delivering them after federal certification in late 2013.

Article continues.....

[troc1958] 09/10/2012 14:05

Tully - keep the faith in HAMP. You just never know ......

[tullynessle] 09/10/2012 12:13

Surely technology such as that owned or provided by Hampson and its subsidiaries should be retained by the UK wherever possible?




UK reveals pilot levels on Reaper UAV unit

By: CRAIG HOYLE LONDON 03:48 3 Oct 2012

The UK's manning level on the General Atomics Aeronautical Systems MQ-9 Reaper unmanned air system has been revealed, with the information disclosed in response to a parliamentary question.

Article continues...

[tullynessle] 09/10/2012 12:05

Interesting Q & A with Jeff Hynes, President, Composites Horizons, Inc.

The article is not dated - however it may have been published by GE Capital around Nov 2011.

Examples of news then provided are included below at Extracts 1 and 2.



Extract 1:

"We are fortunate in that we have an excellent position on the F-18 and F-16 programs - they're our best programs today. Our medical business has always
been a valuable hedge to the ups and downs of the aerospace business."

Extract 2:

"GE Capital's Access GE team studied our process and helped us completely reconfigure our production line. We went from making seven units each month to 10. Since then, we've been able to continue to increase our productivity to 14
a month. We're meeting our contract demands and providing buffer stock for the U.S. military"




GE Capital
imagination at work
Q&A With Jeff Hynes
President, Composites Horizons, Inc. (CHI)

Composites Horizons is a key player in the global aerospace and defense industry. The company is a long-time supplier to GE's aviation and healthcare businesses but more recently became a customer of GE Capital's commercial lending and leasing business. CHI's Jeff Hynes recently talked about tips for operating in a low-growth economy, the challenges of finding skilled employees, and some unexpected benefits of financing through GE Capital.

Article follows...

[tullynessle] 09/10/2012 11:47

The Article below is dated May 2011.

The benefits to Composites Horizons Inc of the investment made in 2011 should be apparent in production and revenue figures in 2012?




Composites Horizons Announce Production Facility Expansion
Posted by editor on May 31, 2011 in Aerospace & Aviation

Composites Horizons Inc, part of Hampson Industries PLC, highlighted its expansion capabilities and capacity at the SAMPE Conference in Long Beach, California.

Recent growth investments at Composites Horizons Inc include an ASC 10′ x 20′ high-temperature autoclave that reaches 800-degrees F and 250 psi, installed in 2010. This autoclave allows tighter control of temperature settings, pressure parameters and electronic data collection. More recently a 25′ x 16′ x 10′ oven with a maximum temperature of 600 degrees has been installed and commissioned.

These new investments are a part of CHI's strategic plan to produce the highest quality composite parts using the most efficient manufacturing practices," stated Jeff Hynes, President of CHI. "CHI has added significant manufacturing capacity, including the ability to build larger aerospace structural components, turbine engine ducts and BMI tooling for customers.

Composites manufactured by Hampson Group are a part of many of the most important programs in aerospace including the B787, JSF, F-18, C-17, A350 and many more.

[tullynessle] 09/10/2012 11:38

Extract:

'Visiongain Report Values the Military Fighter Aircraft Market at $34.37bn in 2012'




'Visiongain Report Values the Military Fighter Aircraft Market at $34.37bn in 2012'

LONDON, October 2, 2012 /PRNewswire/ --

The Military Fighter Aircraft Market 2012-2022, Visiongain's latest defence report, values the market for fighter jets at $34.37bn in 2012. Major programme developments are expected over the coming decade, with the F-35 Joint Strike Fighter (JSF) leading a host of influential procurement projects, spanning both Western and emerging nations such as India, Saudi Arabia, and China.

A Visiongain Defence Analyst stated that: 'Fighter jets are the crown jewels of any military; both expensive and highly desirable. All major armed forces around the world are expected to invest in some way into their fighter aircraft capability over the coming decade, meaning that although the F-35 will grab the most headlines, significant procurement of both 4th and 5th generation platforms will drive what is truly a global defence market'.

The report has 329 pages and contains 296 tables, charts and graphs that utilise visual representation in order to clarify trends and market projections within the Military Fighter Aircraft Market. Visiongain provides global and 4 regional forecasts and analysis for the period 2012-2022. In addition, the report assesses the 25 leading national Military Fighter Aircraft Markets for the forecast period 2012-2022 (as well as an analysis of the 'Rest of the World' market). The report provides profiles of 34 leading companies operating within the market, along with inventory breakdowns of the leading 100 national Air Forces' in the world.

The Military Fighter Aircraft Market 2012-2022 report will be of impressive value to current and future investors into the fighter aircraft industry, as well as to companies and research centres who wish to broaden their knowledge of the military fighter aircraft market.

For further information concerning the Visiongain's The Military Fighter Aircraft Market 2012-2022 report please visit

[tullynessle] 09/10/2012 11:28

Minsky

Re Posts 2598 / 2600

I have extracted the list in Post 2598 and added numbers for tracking each item. Others can be added by BB members.

I haven't given up on Hampson, (although perhaps I should?), for some of the reasons already posted on the BB, to include:

01 Dreamliner Issue - hopefully resolved and income due in 2012 now to be paid in 2013 (less any additional cost but plus any recoveries)

02 Pension Deficit - impacted positively by rising markets (FTSE + 12% )

03 Interest rates remain low - favourable impact on financing

04 Government "Funding for Lending" initiative

05 Finance now available from other sources

06 Government interest in supporting UK Industry

07 Boeing increased production in Q3 - reported previous post

08 HondaJet - good progress

09 Airbus, Bombardier, etc - confidence in the Aerospace / Airframe industry.

10 Composite Horizons work for General Atomics on the Predator Avenger drone. Drones are a big growth area. (Per Minsky 2600)

11 Composite Horizons - Has CHI extended their medical range of Diagnostic equipment and services, thereby enhancing opportunity in a growth market and contributing to the management of delay risk in the aerospace sector.

12 M & A / Consolidation in the aerospace sector e.g. BAe & EADS

13 Other


Facts believed to be correct however all IMO / DYOR

[tullynessle] 09/10/2012 11:18

Has CHI extended their medical range of Diagnostic equipment and services?

If yes, then it not only provides a second business opportunity in a growth market but it also contributes to the management of delay risk in the aerospace sector.

It would be interesting to review operational and revenue progress achieved by CHI.




Composites Horizons, Inc., specializes in the design and fabrication of carbon-fiber diagnostic imaging tops, panels and accessories. Products include CT couches, cantilevered nuclear medicine tables, surgical tables, and standard radiography tables. Carbon-fiber tabletops offer low x-ray absorption and increased weight rating. Other products include mammography bucky covers, cassette covers, and digital imaging covers. Composites Horizons is qualified to repair your existing tabletop and in some cases replace it. CHI can service your CT, Angiography, Nuclear Medicine, R & F, and standard X-ray tabletops. Please contact us with your repair needs @626- 331-0861 x121 Mark Kelly

[minsky] 05/10/2012 00:10

No need to apologise Tully.
Under "Other" there is the Composite Horizons work for General Atomics on the Predator Avenger drone. Drones are a big growth area. I dont know how big the exhaust duct contract is though.

But most of your list was known earlier in the summer - yet they still issue these dire statements. I'm not saying Hampson is definitely doomed. I've just emotionally written it off.

[minsky] 04/10/2012 18:39

Tully - are you not clutching at straws?
the real engineering in this company is financial engineering aimed at wiping out shareholders so the assets and future profitability can be acquired by someone else.
statement on 31st July:
"The Board does not expect the conclusion of any of the options currently open to the Group to result in there being any value remaining for existing shareholders."
The covenants were due to run to the end of September. They haven't updated us on what happened.

[tullynessle] 04/10/2012 17:23

The reference to 787 Dreamliners is interesting - twelve (12) delivered in Q3.

Hopefully good news for Hampson as well as Boeing's other Suppliers.

The reference to F/18's may be positive news for Hampson also - see link 2


Extract:

"The company also delivered 12 Dreamliners, up from one a year earlier and six in the second quarter."

Link 1:




Oct 4, 2012

Boeing's 3rd-Quarter Commercial Deliveries Rose 17%

By Tess Stynes

Boeing Co.'s (BA) third-quarter commercial aircraft deliveries rose 17% from a year earlier as deliveries of more fuel-efficent planes continued to rise.

The world's biggest aerospace company has increased production amid strong demand from airlines for more fuel-efficent jets, including its 787 Dreamliner. The company delivered its first Dreamliner slightly more than a year ago after years of delays and billions of dollars in cost overruns.

In the latest period, Boeing reported 149 commercial-aircraft deliveries, including 102 for its 737 next-generation planes. A year earlier, it delivered 127 commercial aircraft, including 100 of the 737 next-generation line.

The company also delivered 12 Dreamliners, up from one a year earlier and six in the second quarter.

Commercial deliveries declined by one from 150 during the second quarter.

Most deliveries under its defense, space and security programs were F/A-18E/F and EA-18G fighter jets and new builds of Chinook helicopters.

Boeing has continued to add orders for the Dreamliner and other aircraft, contributing to its strong lead this year on that front over archrival Airbus--a unit of European Aeronautic Defence & Space Co. (EADSY, EAD.FR).

Boeing plans to release its third-quarter financial results on Oct. 24.

Shares rose 20 cents to $70.06 recent trading. The stock is down 4.4% this year.

Write to Tess Stynes at [e-mail]

Link 2: