A source of information and resource for small investors - "Patience is a Super Power" - "The Money is in the waiting"
Showing posts with label F35 Jet. Show all posts
Showing posts with label F35 Jet. Show all posts

Wednesday, September 9, 2015

Sniper Advanced Targeting Pod in sights of IBC Advanced Alloys Corp

IBC Advanced Alloys Corp.IBC Advanced Alloys Corp.
OTCQX : IALAF
TSX VENTURE : IB



September 09, 2015 09:00 ET

IBC Engineered Materials Awarded Hard Tooling Contract for Lockheed Martin's Sniper® Advanced Targeting Pod Components



WILMINGTON, MASACHUSSETS and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 9, 2015) - IBC Advanced Alloys Corp. (OTCQX:IALAF) (TSX VENTURE : IB) ("IBC" or the "Company") has been awarded an investment casting hard tooling contract from Lockheed Martin for its Sniper® Advanced Targeting Pod (ATP) components.

Under the terms of the contract, IBC, through its Engineered Materials division, will be responsible for the design, manufacture and implementation of the hard tooling to be used as a part of the final qualification process to establish and qualify Beralcast® castings as an effective beryllium-aluminum alternative for precision targeting components for Sniper ATP.

Chris Huskamp, President of IBC's Engineered Materials division said, "Sniper ATP is an interoperable system across multiple aircraft platforms and sets the benchmark for next-generation electro-optical targeting systems. 

 Our family of castable beryllium aluminum alloys, or Beralcast®, is ideal for applications such as Sniper ATP where weight, modulus and temperature stability (CTE) are critical performance factors. We are delighted," continued Huskamp, "to be expanding our relationship with Lockheed Martin and are proud to be part of the Sniper program."

Sniper ATP provides pilots with high-resolution imagery for precision targeting and non-traditional intelligence, surveillance and reconnaissance missions. Sniper ATP is the most widely deployed targeting system for fixed-wing aircraft in use by the U.S. Air Force and is the targeting system of choice for 20 international air forces.

In addition to fulfilling precision strike mission requirements, Sniper ATP is changing the way armed forces operate in theater with new capabilities to meet the challenges of non-traditional intelligence, surveillance and reconnaissance.

Beralcast® alloys can be used in virtually any high performance application requiring complex, lightweight and high-stiffness parts and can be substituted for aluminum, magnesium, titanium, metal matrix composites as well as pure beryllium or powder metallurgy beryllium-aluminum. Beralcast's® principal alloys are more than three times stiffer than aluminum with 22% less weight and can be precision-cast for simple and complex three-dimensional stability. These high-modulus alloys are ideal for high performance industrial and high tech components as well as for a wide range of aerospace applications.

Image of Sniper® Advanced Targeting Pod (ATP)

About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF".
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Contact Information


IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
(604) 685-6263 ext. 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

Vorticom Public Relations
Nancy Tamosaitis
(212) 532-2208
nancyt@vorticom.com

Also see:

IBC supplies Lockheed Martin's F-35 Fighter Jet EOTS system housing!

Tuesday, September 1, 2015

Lockheed Martin orders more Beralcast(R) Castings for F-35 Lightning II from supplier, IBC Advanced Alloys


IBC Advanced Alloys Corp. (OTCQX: IAALF) (TSX VENTURE: IB) ("IBC" or the "Company") announces that Lockheed Martin has issued IBC a second contract to produce components for the F-35 Lightning II Electro-Optical Targeting System (EOTS).

This purchase order extends production of a component contract announced in September 2014, an EOTS azimuth gimbal housing manufactured using Beralcast(R), the Company's proprietary and high performance beryllium-aluminum casting alloy.

On July 13, 2015 IBC announced successful delivery of first article components for low rate initial production (LRIP) lots 7 and 8. This follow on purchase order is for subsequent LRIP years and will cover new planes and related spares and has a minimum contract value of more than $2 million. The EOTS, produced by Lockheed Martin, is integrated on all F-35 variants; planned production quantities are estimated to be over 3,000 aircraft with deliveries through 2035.

The quantity of components specified under this purchase order is approximately double that for LRIP lots 7 and 8 reflecting accelerated production of the F-35 Lightning II. First deliveries are scheduled for September 2015 when IBC will deliver near-net-shape castings directly to Lockheed Martin which will then separately contract for finishing and final machining. Lockheed Martin has agreed to a long lead time procurement provision for key materials to ensure continued production. 

"We are delighted to receive another purchase order for the EOTS azimuth gimbal housing on the F-35 Lightning II," said Anthony Dutton, CEO and President of IBC Advanced Alloys. "This continues our substantial progress with Lockheed Martin since our initial purchase order was announced in 2014. To date, Beralcast(R) proprietary beryllium-aluminum casting alloys have had validation from Lockheed Martin, and two other major aerospace companies," continued Dutton, "and we look forward to continuing to work with the aerospace industry to provide Beralcast(R) solutions for complex aerospace applications where modulus and weight are key performance drivers."

The F-35 Lightning II, a 5th generation fighter, combines advanced low observable stealth technology with fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment. Three distinct variants of the F-35 will replace the A-10 and F-16 for the U.S. Air Force, the F/A-18 for the U.S. Navy, the F/A-18 and AV-8B Harrier for the U.S. Marine Corps, and a variety of fighters for at least 10 other countries.

About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol " IB" and the OTCQX under the symbol "IAALF".
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
Contacts:
IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
+1 (604) 685-6263 ext 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

Vorticom Public Relations
Nancy Tamosaitis
(212) 532-2208
nancyt@vorticom.com


SOURCE: IBC Advanced Alloys Corp.

Thursday, August 27, 2015

IBC Advanced Alloys Appoints Chris Huskamp Acting President of IBC Engineered Materials

IBC Advanced Alloys Corp.IBC Advanced Alloys Corp.
TSX VENTURE :IB
OTCQX : IAALF



August 26, 2015 09:00 ET


WILMINGTON, MASSACHUSETTS and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2015) - IBC Advanced Alloys Corp. (OTCQX:IAALF)(TSX VENTURE:IB) ("IBC" or the "Company") is pleased to announce that it has appointed Mr. Chris Huskamp as acting President of its subsidiary IBC Engineered Materials Corp. ("EMC"). Mr. Huskamp is an advanced automotive and aerospace materials expert and has been with the Company since 2011, initially as a consultant, and since 2014, as Vice President of Business and Technical Development.
"I am very excited by the aerospace, automotive and wider market opportunities for IBC and our Beralcast® alloys," said Chris Huskamp, "and look forward to working closely with our growing customer base to realize the potential of these important alloys. Design engineers are increasingly focused on weight savings while cost effectively maintaining strong materials performance," continued Huskamp. "IBC's Beralcast® alloys offer a wide range of excellent benefits and represent an exciting growth opportunity."
Prior to joining IBC, Chris was an Associate Technical Fellow at The Boeing Company in St. Louis where he developed high performance materials solutions for military and commercial aerospace projects. At IBC he has focused on aerospace applications for Beralcast®, the Company's proprietary beryllium aluminum casting alloys, and has been a key member of IBC's team providing Lockheed Martin with Beralcast® components for the F-35 Lightning II program.
"Chris has proven himself an indispensable asset to IBC and its customers and we are excited to be working with him in this new role," said Anthony Dutton, President and CEO of IBC Advanced Alloys. "His experience, enthusiasm and leadership skills will be invaluable for the growth of EMC and Beralcast®."
Mr. Huskamp is replacing Mr. Ray White who has resigned as President of EMC. "Ray White was critical in establishing IBC as a leading supplier of beryllium aluminum cast components," said Anthony Dutton. "I want to thank Ray for his role in founding, developing and positioning EMC for growth."
With his compensation, Mr. Huskamp will be awarded an additional options package with standard vesting provisions. The options, priced at C$0.12, are being awarded as part of an aggregate award of 1,200,000 options to include other consultants, directors and officers.
About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF."
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information