From kbuyukat@mail.coin.missouri.edu Tue Sep 10 16:04:37 1996 Date: Thu, 5 Sep 1996 09:35:03 -0500 (CDT) From: Kaya Buyukataman To: ** ITUMD ** ISTANBUL TEKNIK UNIVERSITESI MEZUNLARI DERNEGI ULUSLARARASI KURULUSU Subject: AIRCRAFT INDUSTRY NEWS SUMMARY (fwd) AIRCRAFT INDUSTRY NEWS SUMMARY THURSDAY SEPTEMBER 5, 1996 1. UTX: 112 7/8, -1/8. Vol: 211,100 shares. DJIA: 5656.9, +8.51. S&P: 655.61, +0.89. 2. SWEDEN'S HelikopterService has purchased three 12-passenger Sikorsky S- 76C+ helicopters for $17 million. The sale was described as a watershed event in the helicopter mass transit market. HelikopterService will use the S-76s to upgrade its busy service from Copenhagen International Airport. (Flight International Show Day, 9/3; Aviation Week Group Show News, 9/3) 3. FABRICATION OF components for Sikorsky's S-92 Helibus has begun at the company's Stratford, Conn., main plant, with final assembly to start next year. A maiden flight of the 19-passenger helicopter is expected in 1998. Six companies are involved in the six-nation partnership to develop the S- 92. (Aviation Week Group Show News, 9/3) 4. HAMILTON STANDARD and Sumitomo Precision Products have teamed up to produce an environmental control system for the next generation of 100- passenger commercial aircraft. (Speed News, 9/4; Flight International, 9/2; Aviation Week, 9/2) 5. THE EUROPEAN unit of Pratt & Whitney entered into an agreement with Alfa Romeo SPA's Alfa Romeo Avio unit to provide quicker and more reliable service for Pratt & Whitney's JT8D-200 series engines. Financial terms were not disclosed. P&W said it will provide Alfa Romeo with a complete inventory management system for its JT8D-200 overhaul business. Alfa Avio provides JT8D overhaul services in Europe. The JT8D-200 series powers the McDonnell Douglas MD-80 line of aircraft used throughout Europe. (Dow Jones) 6. UTC IS among a group of U.S. corporations seeking business in Southeast Asia. The group opposes U.S. sanctions against foreign firms that invest $40 million or more a year in Iran's or Libya's energy sectors. Meeting in Kuala Lumpur, each U.S. company expects to meet with eight to 10 Malaysian companies on the trip. Arvid Pedersen, director of Asia-Pacific corporate purchasing for UT International, said UTC executives have been talking with national carrier Malaysian Airline System about a possible joint venture on overhaul and repair centers. (Reuters) 7. MCDONNELL DOUGLAS unveiled plans for a new high-capacity, long-range three-engine jetliner. The aircraft, designated the MD-XX, is planned in two initial models, a 375-seat stretch version to accommodate growing world air traffic, and a long range variant to meet airline demands for greater non-stop capability. The company said discussions are under way with three major engine manufacturers, General Electric, Pratt & Whitney and Rolls- Royce, about using their powerplants on the aircraft. (Wall St. Journal; Dow Jones) 8. UTC IS one of many companies that conduct investment education programs for employees. The company offers financial seminars each year, plus occasional luncheon sessions with guest speakers. The trend to educating employees on financial planning appears to be an outgrowth of the popularity of 401(k) retirement savings plans. (Hartford Courant, Business Weekly, 9/2) 9. UT AUTOMOTIVE is shown among the U.S. companies that have placed ads in Poland for young professionals with experience in the United States. Poland is said to have a booming job market for these young professionals. (N.Y. Times, 9/4) 10. GM REPORTED an 8% decline in U.S. sales of cars and light trucks during August from a year earlier, signaling that industry results for the month were far weaker than expected. Ford is expected to report about a 5% drop in August sales today. Separately, individuals close to the new contract talks between Ford and the United Auto Workers said UAW President Stephen Yokich moved senior staffers into Ford's world headquarters building in Dearborn, Mich. The move signals that the company and the union are girding for a drive to resolve tough issues before the current three- year contract expires Sept. 14. (Wall St. Journal; Hartford Courant; N.Y. Times) 11. BOEING CHAIRMAN Frank Shrontz will step down at the end of this year, completing the company's transition to chief executive and president Phil Condit. Shrontz, who relinquished day-to-day guidance of the jet maker to Condit in April, disclosed his plans Tuesday. (AP; N.Y. Times; Wall St. Journal) * * * ---------- X-Sun-Data-Type: html X-Sun-Encoding-Info: quoted-printable X-Sun-Content-Lines: 123 Morning News Summary for Thursday, September 05 1996

Back issues are stored in the Morning News Su= mmary Archive 

                         UTC MORNING NEWS SUMMARY
                                 THURSDAY
                             SEPTEMBER 5, 1996

1.   UTX: 112 7/8, -1/8. Vol: 211,100 shares. DJIA: 5656.9, +8.51. S&P:
655.61, +0.89.

2.   SWEDEN'S HelikopterService has purchased three 12-passenger Sikorsky S=
-=20

76C+ helicopters for $17 million.  The sale was described as a watershed
event in the helicopter mass transit market.  HelikopterService will use
the S-76s to upgrade its busy service from Copenhagen International
Airport.  (Flight International Show Day, 9/3; Aviation Week Group Show
News, 9/3)

3.   FABRICATION OF components for Sikorsky's S-92 Helibus has begun at the
company's Stratford, Conn., main plant, with final assembly to start next
year.  A maiden flight of the 19-passenger helicopter is expected in 1998.
Six companies are involved in the six-nation partnership to develop the S-
92.  (Aviation Week Group Show News, 9/3)

4.   HAMILTON STANDARD and Sumitomo Precision Products have teamed up to
produce an environmental control system for the next generation of 100-
passenger commercial aircraft.  (Speed News, 9/4; Flight International,
9/2; Aviation Week, 9/2)

5.   THE EUROPEAN unit of Pratt & Whitney entered into an agreement with
Alfa Romeo SPA's Alfa Romeo Avio unit to provide quicker and more reliable
service for Pratt & Whitney's JT8D-200 series engines. Financial terms were
not disclosed.  P&W said it will provide Alfa Romeo with a complete
inventory management system for its JT8D-200 overhaul business. Alfa Avio
provides JT8D overhaul services in Europe.  The JT8D-200 series powers the
McDonnell Douglas MD-80 line of aircraft used throughout Europe.  (Dow
Jones)

6.   UTC IS among a group of U.S. corporations seeking business in
Southeast Asia.  The group opposes U.S. sanctions against foreign firms
that invest $40 million or more a year in Iran's or Libya's energy sectors.
Meeting in Kuala Lumpur, each U.S. company expects to meet with eight to 10
Malaysian companies on the trip. Arvid Pedersen, director of Asia-Pacific
corporate purchasing for UT International, said UTC executives have been
talking with national carrier Malaysian Airline System about a possible
joint venture on overhaul and repair centers. (Reuters)

7.   MCDONNELL DOUGLAS unveiled plans for a new high-capacity, long-range
three-engine jetliner. The aircraft, designated the MD-XX, is planned in
two initial models, a 375-seat stretch version to accommodate growing world
air traffic, and a long range variant to meet airline demands for greater
non-stop capability. The company said discussions are under way with three
major engine manufacturers, General Electric, Pratt & Whitney and Rolls-
Royce, about using their powerplants on the aircraft.  (Wall St. Journal;
Dow Jones)

8.   UTC IS one of many companies that conduct investment education
programs for employees.  The company offers financial seminars each year,
plus occasional luncheon sessions with guest speakers.  The trend to
educating employees on financial planning appears to be an outgrowth of the
popularity of 401(k) retirement savings plans.  (Hartford Courant, Business
Weekly, 9/2)

9.   UT AUTOMOTIVE is shown among the U.S. companies that have placed ads
in Poland for young professionals with experience in the United States.
Poland is said to have a booming job market for these young professionals.
(N.Y. Times, 9/4)

10.  GM REPORTED an 8% decline in U.S. sales of cars and light trucks
during August from a year earlier, signaling that industry results for the
month were far weaker than expected. Ford is expected to report about a 5%
drop in August sales today. Separately, individuals close to the new
contract talks between Ford and the United Auto Workers said UAW President
Stephen Yokich moved senior staffers into Ford's world headquarters
building in Dearborn, Mich. The move signals that the company and the union
are girding for a drive to resolve tough issues before the current three-
year contract expires Sept. 14. (Wall St. Journal; Hartford Courant; N.Y.
Times)

11.  BOEING CHAIRMAN Frank Shrontz will step down at the end of this year,
completing the company's transition to chief executive and president Phil
Condit. Shrontz, who relinquished day-to-day guidance of the jet maker to
Condit in April, disclosed his plans Tuesday. (AP; N.Y. Times; Wall St.
Journal)
                                   * * *

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