DeCrane Aircraft Systems Integration Group -PATS- Named as Boeing's New Authorized Service Center in Mid-Atlantic Region.Business Editors GEORGETOWN, Del.--(BUSINESS WIRE)--April 10, 2001 DeCrane Aircraft Systems Integration Group (PATS) today announced it has signed a service contract with Boeing Business Jets The Boeing Business Jet series are factory conversions of Boeing airliners for the corporate jet market, initially the 737 series airliners. This aircraft usually seats between 25 and 50 passengers within a luxurious configuration. . With the ability to perform warranty work on the Boeing Business Jet (BBJ BBJ Boeing Business Jet BBJ Bad Beat Jackpot (poker) BBJ Black Business Journal BBJ Big Ball Jam (Phish song) BBJ Big Band Jump (radio station) ), DeCrane will be designated as a BBJ Authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: Warranty Repair Facility and BBJ Factory Authorized Service Center. DeCrane has extensive experience with Boeing Next-Generation 737 airplanes. "We are excited about the opportunities that will come from being a recognized BBJ Factory Authorized Service Center," said Bob Martin, group president of DeCrane Aircraft Systems Integration. "BBJ and DeCrane have partnered on a number of successful projects over the last two years and we look forward to serving them and their customers in the future." DeCrane has been installing the auxiliary fuel systems and other related modifications, including winglets, on the BBJ for the past two years. The DeCrane facility was expanded by 18,000 square feet last year and is currently undergoing a second expansion giving them an additional 48,000 square feet of hangar and back shop space. DeCrane is also in the process of achieving designated alteration status (DAS), which allows the company to issue FAA supplemental type certificates The Supplemental Type Certificate (STC) is the Federal Aviation Administration term for the approval that extends a type certificate for modifications made to an airframe, engine, or appliance. External links
STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club ). DAS is expected to be in place by the end of June. As a leader in systems integration for the corporate and commercial aviation industry, DeCrane Aircraft has focused on strategic acquisitions of leading aircraft component manufacturers with complementary products and technologies. Founded in 1989, DeCrane Aircraft Holdings Inc. is a subsidiary of DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
Note: Except for historical information contained herein, this document contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by regulatory and other factors beyond the company's control. Important factors that the company believes might cause such differences are discussed in the cautionary statements accompanying the forward-looking statements in the company's reports filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in those filings with the Securities and Exchange Commission. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion