Aviation News, Boeing, Airbus

“It has been our experience that over the term of the agreement the value will substantially increase due to added requirements by Boeing as well as the secondary effect of purchases by individual airlines. This agreement continues LOGITEK’s on-going twenty year relationship with the Boeing Company,” commented Mr. Fischer, LOGITEK’S President.

LOGITEK, INC. manufactures and markets electronic power monitors and controls and electronic power supplies for use in major electronic systems such as data processing and telecommunications equipment as well as aircraft, missiles and space vehicles.

CONTACT: Logitek, Inc.

Herbert L. Fischer, Pres.

The work under this initial effort is expected to be completed June 2002. Agreement funds will not expire at the end of the current fiscal year. The Missile Defense Agency, Washington, D.C., is the contacting activity (HQ0006-02-9-0001).

Wabash Alloys, Wabash, Ind., was successful in the bidding for 800,000 pounds of the “hockey pucks” with an offer of 35.1 cents a pound - squeaking out the second-best bid of 34.67 cents a pound from A. Tenenbaum Co. Inc., North Little Rock, Ark., which won the material in the third quarter for 40.3 cents a pound (AMM, June 26).

But Tenenbaum was not left empty-handed in its quest for fourth-quarter feedstock for its secondary aluminum smelter in Hot Springs, Ark. The company won an anticipated 1.25 million pounds of mixed solids with a bid of 37.31 cents a pound–4.12 cents a pound less than it paid for the same material three months earlier.

The runner-up for fourth-quarter solids was Yaffe Iron & Metal Co. Inc., Muskogee, Okla., which offered 33.34 cents a pound, while Wabash offered just 30.1 cents a pound.

Yaffe was the winner of 50,000 pounds of mixed solids and contaminated borings at 21.46 cents a pound and 50,000 pounds of contaminated borings at 19.91 cents a pound.

A big lot–expected to be around 300,000 pounds-of contaminated solids was obtained by Aaron Ferer & Sons Co., Omaha, Neb., with an offer of 29.09 cents a pound.

Lower values for titanium scrap also were evident. Some 350,000 pounds of mixed titanium borings attracted a high bid of 21.123 cents a pound from Adma International, Twinsburg, Ohio. The third-quarter winning bid had been 32.22 cents a pound.

Following the recent terrorist action in the United States, aircraft manufacturer Boeing Co has issued a statement claiming it will not be able to immediately recover from the damage done to the aviation industry.

Boeing plans to lay off between 20,000 and 30,000 commercial aircraft workers by the end of 2002. According to a spokesman for the company, the number of expected deliveries in 2001 was expected to have been 538 but now could be as low as 500. In 2002, estimates are pointing to a total of 400 deliveries compared to the 510 to 520 that was previously forecast.