BAE SYSTEMS GETTING HANGAR DEAL WITH AVTEL GEARED TOWARD GROWTH.Byline: Jim Skeen Staff Writer MOJAVE - BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. has reached a tentative agreement with one of its Mojave Airport neighbors to acquire a large hangar to accommodate future growth. BAE Systems Integrated Defense Solutions plans to acquire from Avtel Services Inc. a complex that includes a 73,000-square-foot hangar and several adjacent buildings. Terms were not disclosed. Under the proposed agreement, Avtel Services, an aircraft maintenance and aircraft storage company, will lease one of BAE Systems' hangars to continue its current operations at Mojave Airport. The companies expect to close the sales agreement and lease within 30 days, an announcement said. Bob Swanson There are several well-known men named Bob or Robert Swanson:
``We believe this facility promotes expansion of our business and allows us to pursue new opportunities we have not been able to accommodate in our current facilities,'' Swanson said. BAE Systems, which employs about 180 people, anticipates 10 percent annual growth at the Mojave facility. ``The airline industry has suffered the past few years, and we are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that it is on the upswing Upswing An upward turn in a security's price after a period of falling prices. ,'' said Paul Nafziger, vice president and general manager of the Mojave operations, in the announcement. ``Mojave is the ideal location for our customers - we have the people, weather and facilities to service their needs.'' In the 1990s, the company employed about 600 workers in Mojave. The company started reducing its Mojave employment after work on a project to update the Air Force's KC-135 tanker fleet drew to a close. The Mojave plant's main source of business now is the conversion of Vietnam-era F-4 jet fighters Jet fighter may refer to:
The new target drone contract runs through July 2006. The company is also a subcontractor One who takes a portion of a contract from the principal contractor or from another subcontractor. When an individual or a company is involved in a large-scale project, a contractor is often hired to see that the work is done. on the F-35 joint strike fighter program The Joint Strike Fighter (JSF) became synonymous with the later F-35 Lightning II, however until 2001 the term was applied to the competition between the Boeing X-32 and Lockheed Martin X-35. . The company is modifying a Boeing 737 jetliner for Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. to serve as a test bed for electronic equipment for that program. BAE Systems is an international company with major operations across five continents and customers in some 130 countries. The company employs more than 90,000 people and generates annual sales of more than $20 billion through its wholly owned and joint-venture operations. BAE Systems' Integrated Defense Solutions unit, headquartered in Austin, Texas, employs more than 1,000 people. Products include network management software, chemical detection systems, mine countermeasure coun·ter·meas·ure n. A measure or action taken to counter or offset another one. countermeasure Noun action taken to counteract some other action Noun 1. systems, aircraft modification and assembly, airborne target presentations, aircraft countermeasure dispenser systems, and mission equipment upgrades. Jim Skeen, (661) 267-5743 james.skeen(at)dailynews.com |
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