Successful initiatives include developing advanced air mobility (AAM) in the state. December 23, 2022, Posted by Eric Brothers in Aerospace Manufacturing & Design JobsOhio is Ohio's private, nonprofit economic development corporation that works outside but alongside state government to support the creation of jobs and sustainable economic growth for all Ohioans. The Q4 President's Report to the Board highlights programs that yield a return on investment and position the state as one of the world's great automotive hubs and a leader in aviation and the advanced air mobility (AAM) sector.
JobsOhio President and CEO J.P. Nauseef notes that as the No. 1 supplier state to Boeing and Airbus, Ohio is a powerhouse producer of systems and parts for the aerospace industry. Earlier in the year, Sierra Nevada Corp. announced plans to build one of the largest aircraft maintenance hangars in America in Dayton, bringing maintenance and modification of military aircraft to Ohio. The state also plays a crucial role in developing AAM technologies with robust supply chains, test markets, partners, and enabling legislation for public and private sector entities. From flying vehicles to air taxis to NASA AAM Mission supporters, Ohio is a leader in AAM and aeronautics research. Credit goes to Ohio lawmakers for opening the skies for unmanned aircraft systems traffic management (UTM) and urban air mobility (UAM) of the future. In September, the Springfield-Beckley Municipal Airport hosted a groundbreaking for the National Advanced Air Mobility Center of Excellence. The NAAMCE is funded by the Department of Defense, JobsOhio, and the City of Springfield to facilitate collaborations between the Air Force Research Laboratory, NASA, the Ohio Unmanned Aircraft Systems Center, local colleges and universities, and private industry to support the development of AAM projects.
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From: Visual Capitalist The world produced roughly 2.8 billion tons of metal in 2021. This chart represents the metals we mined, visualized on the same scale. This was originally posted on Elements. “If you can’t grow it, you have to mine it” is a famous saying that encapsulates the importance of minerals and metals in the modern world. From every building we enter to every device we use, virtually everything around us contains some amount of metal. The above infographic visualizes all 2.8 billion tonnes of metals mined in 2021 and highlights each metal’s largest end-use using data from the United States Geological Survey (USGS). In January of this year we welcomed a new member to our Browne & Co. sales team and with manufacturing companies opening up again, it's about time we introduce you to Jeff Terrace!
Just before joining Browne & Co in January 2019, Jeff worked at Hoffmann Group, a German cutting tool, hand tool, workstation and storage solutions manufacturer. Jeff has been working as an InovaTool representative since February of 2019 and recently joined Browne & Company at the beginning of 2020 as our Cutting Tool Specialist. Please send Jeff and email or give him a call to introduce yourself or pick his brain about an application question. (Tribune News Service) — The U.S. Defense Department office that oversees development of the F-35 Lightning II combat jet has awarded project leader Lockheed Martin a $1.9 billion contract to support and sustain the expanding global F-35 fleet through 2020.
Ohio is the Nation’s Gateway to the Moon, Mars and Our Future: by Janet Kavandi - Former Astronaut & Director of NASA’s Glenn Research Center in Cleveland
CLEVELAND -- Ohio is the aerospace state. Our history is unrivaled by any other state when it comes to achievements in the air and in space. Home to the Wright Brothers. Birthplace of John Glenn and Neil Armstrong. The Buckeye State has produced some 25 astronauts, and their achievements make up a significant part of NASA’s legacy. That’s why NASA’s Artemis Program is calling on Ohio to make landing humans on the moon by 2024 a reality. Once there, we will quickly and sustainably explore the moon and its resources, and use what we learn to enable our next great endeavor – human exploration of Mars. Governor DeWine heads to Japan Sept. 8-13, seeking new opportunities for partnership between the island nation and Buckeye State. Japan is Ohio’s top international investor, with 72,860 Ohioans employed at 852 Japan-owned establishments across the state. (COLUMBUS, Ohio)—Ohio Governor Mike DeWine today announced he will lead a business development mission to Japan in September. Japan is Ohio’s top international investor, with more than 72,860 Ohioans employed at 852 different Japan-owned establishments across the state. Japan also was Ohio’s fifth largest export market for Ohio products in 2018, when Ohio firms exported more than $1.67 billion worth of products to Japan. “Ohio and Japan share a special investment relationship, and my administration is committed to strengthening those ties,” said Governor DeWine. “This business development mission looks to find new opportunities for partnership and build upon the successes and ties that have benefitted the people of both Ohio and Japan.” Official meetings and events are scheduled from Sept. 8-13, 2019. In addition to growing relationships with current and prospective company investors, the Governor will seek to create more awareness of Ohio for company representatives, key influencers, and government leaders. J.P. Nauseef, JobsOhio president and chief investment officer, and Lydia Mihalik, director of the Ohio Development Services Agency, will join the Governor to support the mission. Anchoring the mission will be Governor DeWine’s visit to the 51st Midwest U.S.-Japan Association (MWJA) annual conference in Tokyo. MWJA is a bilateral organization comprised of the governments of ten U.S. Midwestern states, eight prefectures in Japan, and about 100 Japanese corporations. This will be the first visit by an Ohio Governor to the MWJA Annual Conference in more than a decade. In addition to the Governor’s delegation, more than 50 government and economic development officials will represent Ohio regions and communities at the conference. The mission will also include a visit to the Saitama Prefecture, Ohio’s sister state in Japan. Next year marks the 30th anniversary of the Ohio-Saitama sister state relationship. Governor DeWine plans to explore ways to build on the strong ties that have been established with Saitama. Governor DeWine has been deeply engaged in boosting Ohio investment since the beginning of his administration. On his third day in office, Governor DeWine attended the North American International Auto Show in Detroit, Mich., which included visits with Japanese automakers and suppliers. In February, Governor DeWine and First Lady Fran DeWine met with Japan's Ambassador to the United States, Shinsuke J. Sugiyama, at the Embassy of Japan during a meeting of the National Governors Association. In June, Governor DeWine took advocacy of Ohio to the SelectUSA Summit in Washington, D.C., where he also met Japanese business leaders and economic development professionals. Ohio's manufacturing industry is in pretty good shape, a new report found, though the state trails some of its nearby competitors. In the report from Ball State University, the state received a solid "B," the same grade it earned in the 2018 analysis of the data. The Ball State research measures each state's manufacturing industry in the following areas: logistics industry health; human capital; worker benefit costs; tax climate; expected fiscal liability; global reach; sector diversification; and productivity and innovation. Only five states received a grade of "A," but four of them are in the Midwest or border Ohio: Indiana, Iowa, Kentucky and Michigan. The fifth state receiving an "A" was South Carolina. Ohio's best grade within the categories came in logistics, where it earned an "A" for 2019, just as it did in 2018. Its lowest grade was in the worker benefit costs category, though Ohio rose to a "C-" this year from "D" a year ago. The only category in which Ohio declined was sector diversification, which fell to a "B-" from a "B." Here are the 2019 grades for Ohio:
AMONG THE GIANTS Two big Northeast Ohio manufacturing companies, Eaton and Parker Hannifin, are part of this Bloomberg Opinion roundup of prominent developments in the industrial sector.
Bloomberg Opinion's Brook Sutherland writes that Eaton's recently released second-quarter results "did little to endear analysts and investors to its current structure. While the company's aerospace and electrical divisions put up strong numbers despite currency pressures and a more challenging economic environment, the hydraulics and vehicle units were disappointments, yet again. Eaton now estimates organic growth in the hydraulics business will be flat to up 1% for the full year, down from a previous guide of 3% to 4%. Margin expectations for that unit were also slashed. In the vehicle division, Eaton sees as much as an 8% decline in organic sales this year." Asked by Goldman Sachs Group Inc. analyst Joe Ritchie about the hydraulics unit's long-term fit within Eaton's portfolio, CEO Craig Arnold pointed out that the company's overall performance was solid "despite the fact that we have one of our businesses that's not today firing on all cylinders." Sutherland concludes, "That's true, and yet while I'm wary of industrial companies' passion for breakups going too far, 'despite' is really the key word in Arnold's comments. This isn't a momentary slip-up for either the hydraulics or the vehicle business, and they're increasingly perceived as more cyclical roadblocks holding up even greater margin improvement and sales growth for the overall company. Arnold has signaled in the past that if the company can't get struggling businesses to targeted profitability levels, that could be a catalyst for divestiture. The piece also examines Parker's deal to buy Exotic Metals Forming Co. for $1.73 billion. Via Sutherland: The name might lead you to believe this company crafts metalworks on some sort of tropical island, but it's based in Washington and makes complex high-temperature engine components and exhaust-management systems for aircraft including the Boeing 737 Max and Lockheed Martin Corp.'s F-35 fighter jet. On the one hand, the addition of Exotic Metals will boost the share of Parker Hannifin's revenue tied to faster-growing, more profitable aerospace products to more than 20% by Bloomberg Intelligence's estimate, which will help to offset the sales slowdown in its industrial-products divisions. At about 13 times 2019 estimated adjusted Ebitda, the Exotic Metals deal is cheaper on that basis than the $3.7 billion acquisition of adhesives and coatings company Lord Corp. that Parker Hannifin announced earlier this year. But this is another debt-fueled bet on the aerospace industry at a time when skepticism is growing about how much longer the multiyear boom in that sector will last. The conclusion: "Exotic Metals' already-high Ebitda margin of nearly 30% and compound annual sales growth of more than 16% over the last three years leave little room for improvement. A goal of a high single-digit return on invested capital in year five for the Exotic Metals deal isn't terribly impressive to begin with; the risk is, even that is optimistic." EVENDALE, OH -- The GE9X engine for the Boeing 777X set a new GUINNESS WORLD RECORDS title for thrust to become the most powerful commercial aircraft jet engine (test performance) after reaching 134,300 pounds. This achievement breaks the record held by GE’s GE90-11B engine of 127,900 pounds set in 2002. The new record-breaking thrust occurred during an engineering test on November 10, 2017 at GE’s outdoor test facility in Peebles, Ohio. GUINNESS WORLD RECORDS acknowledged the feat today at a ceremony at GE Aviation’s Ohio headquarters as part of the company’s 100 year celebration. “The GE9X engine incorporates the most advanced technologies that GE Aviation has developed during the last decade and is the culmination of our commercial engine portfolio renewal,” said David Joyce, president and chief executive officer of GE Aviation. “While we didn’t set out to break the thrust GUINNESS WORLD RECORDS title, we are proud of the engine’s performance, which is a testament to our talented employees and partners who design and build outstanding products for our customers.” More than 700 GE9X engines are on order with eight customers. The GE9X engine is in the 100,000 pound thrust class and has the largest front fan at 134 inches in diameter with a composite fan case and 16 fourth-generation carbon fiber composite fan blades. Other key features include: a highly efficient 27:1 pressure-ratio high-pressure compressor; a third-generation low emissions TAPS III combustor; and lightweight and durable ceramic matrix composite (CMC) material in the combustor and turbine. Certification testing of the engine continues and is expected to be complete later this year. IHI Corporation, Safran Aircraft Engines, Safran Aero Boosters and MTU Aero Engines AG are participants in the GE9X engine program. GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world’s Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.
In 2015, Ohio regained its pre-Great Recession position as America's third most productive manufacturing state. Here are the figures from 2016, showing Ohio manufacturing's total output at $106 billion. Today, more than 700,000 Ohioans are employed in manufacturing! The Ohio Manufacturers' Association GE Aviation is part of a $1.5 billion deal with the Boeing Co. to produce fighter jets for the U.S. Navy.
A division of General Electric Co., GE Aviation has a facility in Vandalia that makes electric power generations and related systems for military and civilian aircraft. The Vandalia plant will produce parts for the Navy jets, which will support the government of Kuwait. |
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