HANGAR TALK Industry news relevant to your business
Leonardo and Boeing Deliver First Four MH-139A Helicopters to U.S. Air Force
Leonardo and Boeing recently delivered the first four MH-139A Grey Wolf test helicopters to the U.S. Air Force as the service looks to replace its aging fleet of UH-1N helicopters. The Grey Wolf is a multi-mission helicopter – based on Leonardo’s proven dual-use AW139 helicopter – designed to protect intercontinental ballistic missiles and transport U.S. government officials and security forces. Boeing was awarded a $2.4 billion contract in September 2018 for up to 80 helicopters, training systems and associated support equipment.
“We are thrilled that the first two MH-139As have been accepted by the U.S. Air Force,” said Clyde Woltman, Chief Executive Officer, Leonardo Helicopters U.S. “This aircraft is well positioned to become an important asset in the defense and security of the United States. I especially want to thank the combined program teams at Leonardo and Boeing whose tireless work and ingenuity made this possible.”
The delivery milestone comes on the heels of the Federal Aviation Administration (FAA) issuing the last supplemental type certificate necessary to complete U.S. Department of Defense Form 250 and formally commence aircraft acceptance. Boeing and the Air Force will now continue with additional developmental and initial operational testing to support the aircraft.
“The Grey Wolf is a modern, versatile aircraft offering greater range, speed and endurance than the UH-1N Huey it replaces,” said Mark Cherry, vice president and general manager of Vertical Lift. “I am proud of our team who, along with our partner Leonardo, helped us to achieve this milestone – a tremendous first step in a long line of Grey Wolf deliveries.”
Leonardo produces the helicopter at its FAA-certified Part 21 facility in northeast Philadelphia, while Boeing is responsible for military equipment procurement and installation, and post- delivery support of the aircraft.
28 Sep/Oct 2022
Precision Aviation Group Inc. Enters Into a Definitive Agreement to Acquire PTB Group
Precision Aviation Group Inc. (PAG) recently announced it has entered into a definitive agreement to acquire PTB Group (PTB).
PTB provides maintenance, repair, and overhaul services (MRO) on Pratt & Whitney PT6 and Honeywell TPE331 engines, leases engines and airframes, and provides aviation supply chain services. PTB is made up of the following entities: Pacific Turbine USA Group (aka Prime Turbines) with locations in Texas, Arizona, Florida, and Pennsylvania; Pacific Turbine Brisbane and Pacific Turbine Leasing, both in Brisbane, Australia; and International Air Parts located in Sydney, Australia. The agreement is subject to shareholder approval and is currently scheduled to close in the 4th quarter of 2022.
“We are excited about adding PTB to the Precision Aviation Group of Companies. The addition of PTB increases PAG’s repair stations to 20 worldwide, expands our Engine Services Division with the addition of the PT6 and TPE331 engines, and significantly enlarges our Supply Chain Services business. Stephen Smith and his team – like PAG – are focused on exceptional customer service and exceeding customer expectations. We look forward to this partnership,” said David Mast, president and CEO of PAG.
Stephen Smith, PTB’s managing director and CEO said, “We are pleased to be entering into this binding transaction with PAG, and believe they will be a good future owner of the company who will be committed to continuing to expand our products and services and ensuring continued opportunities for our workforce of approximately 150 people. PAG has a shared vision with PTB, and I see an exciting future ahead.”
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