Misplaced Pages

#133866

33-746: Currently, the IAIO is responsible for directing these aviation organizations: SAHA , HESA , PANHA , Civil Aviation industries . These organizations have different and complementary roles in Iranian Aerospace and Iranian civil aviation. The Iran Helicopter Support and Renewal Company (IHSRC), or PANHA , was formed in 1969, the Iranian Aircraft Industries (IACI) in 1970, and Iran Aircraft Manufacturing Industries Corporation (IAMI), also known under its Persian acronym HESA , in 1974. Two other important companies, Iran Aviation Industries Organization of

66-595: A Boeing 737-800 simulator, a first in Mideast. With a population of 81 million, Iran needs to have 6,300 airplanes while it does not possess more than nine aircraft for every one million individuals. Iran's aviation industry infrastructure was by and large established in the 1930s, at the time of the Shah Reza Pahlavi , where the German Junkers & Co Aviation provided foreign expertise and assistance. The industry

99-738: A brand and retain its existing headquarters and operations in Slovenia and Italy. Textron will invest in the division to hasten future aircraft development and production. Pipistrel's founder and CEO, Ivo Boscarol, will stay on as a minority shareholder and also as the Chairman Emeritus . The purchase was completed in April 2022, for a price of US$ 235M. Textron Systems is an aerospace and defense development and manufacturing firm headquartered in Providence, Rhode Island. The company reported 2012 annual sales in

132-457: A Manhattan federal court against the former head of a now-defunct London-based company, Xcalibur Aerospace Ltd., for making a fraudulent bid to buy Textron for $ 13.8 billion. The Department of Justice and the SEC claimed that Xcalibur Aerospace was never in a position to complete a tender offer for Textron and lacked the finances to do so. On May 28, 2024, Textron publicly announced the completion of

165-601: A company-wide restructuring program. The share price fell to as low as $ 13/share in March ;2003 after the economic downturn following the collapse of Internet companies and the terrorist attacks on the World Trade Center . Diminished demand for helicopters and airplanes led to layoffs at Cessna and Bell Textron . In 2007, the Wall Street Journal reported that Campbell had received $ 494,700 in compensation in

198-484: A conglomerate in 1953, with the purchase of Burkart Manufacturing Company (upholstery filling for the automotive industry) in September 1953, followed by the purchase of Dalmo-Victor (airborne Radar Antennae) and MB Manufacturing Company in early 1954. The push for diversification would see Textron purchase various other manufacturing companies. In 1960, the company also bought Bell Aerospace and E-Z-Go. The textile division

231-470: A plan. In 2016, Iran unveiled its first "national turbojet engine " dubbed "Owj" (Zenith). Manufactured with more than 14,000 parts, it is capable of flight at 50,000 feet and can be mounted on planes with a maximum takeoff weight of ten tons. Iran says that superalloys and specialized furnaces "made in Iran" have been used for this engine. Some analysts have pointed out that this engine shows close resemblance to

264-466: A policy maker and coordinator to promote an indigenous Iranian aeronautical industry by providing and assisting the Iranian aircraft industries with technologies, knowledge and parts. As evidenced by the inaugural flight of Iran's indigenously designed and manufactured Azarakhsh and Saeqeh fighter jet to the mass production and launch of helicopters, turboprops, and passenger planes. Iran has also produced

297-514: Is a designer and manufacturer of light transportation vehicles for golf courses, planned communities, campuses, and other uses. Products include electric and internal combustion golf carts, low speed vehicles and other multipurpose utility vehicles under the E-Z-Go, Cushman and Bad Boy Buggy brands. Greenlee Textron is an industrial and electrical tool company headquartered in Rockford, Illinois . It

330-551: Is a government contractor based in Newport News , Virginia . On March 6, 2017, Textron acquired Arctic Cat for US$ 247M. Arctic Cat is a manufacturer of snowmobiles, all-terrain vehicles, and side-by-sides . Textron operates Arctic Cat as a subsidiary of Textron Specialized Vehicles. Bell Textron is an American helicopter and rotorcraft manufacturer headquartered in Fort Worth, Texas . Acquired by Textron in 1960, E-Z-GO

363-413: Is a supplier to the automotive industry . The company produces plastic fuel systems , selective catalytic reduction systems, windshield and headlamp washer systems, and other products. In August 2019, Textron Inc. was looking to spin off or sell this division to focus on higher-margin parts of their business. Textron AirLand, LLC is a joint venture between Textron Inc. and AirLand Enterprises, LLC that

SECTION 10

#1732872710134

396-611: Is currently developing the Textron AirLand Scorpion aircraft as a private venture. Textron Aviation is a new venture formed in March 2014 from Beechcraft and Cessna, retaining the Beechcraft, Cessna and Hawker aircraft type names as brands. In March 2022 Textron agreed to buy Slovenian aircraft builder Pipistrel and form a new division for electric aircraft development, called Textron eAviation . Pipistrel will continue as

429-538: Is currently working on turbo prop engines called TV-3 for IrAn-140 planes. Accomplishments: Textron Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island . Textron's subsidiaries include Arctic Cat , Bell Textron , Textron Aviation (which itself includes the Beechcraft and Cessna brands), and Lycoming Engines . It was founded by Royal Little in 1923 as

462-539: The Aerokopter AK1-3 Sanka ultra-light multi-purpose helicopters in Iran. Yet, Iran says it is prepared to order passenger planes from Boeing and Airbus if the United States lifts sanctions against Iran . In 2010, Iran's Defense Ministry said it will begin the production phase of a domestically-manufactured medium-size passenger plane designed to carry up to 150 passengers. In August 2018, IAIO unveiled

495-618: The Armed Forces , (also known as the Iranian Armed Forces Aviation Industries Organization (IAFAIO)), and Qods Aviation Industry Company Research Center were formed in the early 1980s. It is headquartered in the Lavizan suburb of Tehran and employs more than 10,000 people across 13 major factories. In addition to its aerospace work, IAIO is heavily involved in Iran's ballistic missile program. IAIO acts as

528-731: The Bell 525 Relentless , Bell V-280 Valor tiltrotor, Cessna Citation Longitude , Cessna Citation Hemisphere , Beechcraft Denali single-engine turboprop, the Cessna SkyCourier twin cargo hauler and the Textron Scorpion close support jet after the certification of the Bell 505 Jet Ranger X . In March 2022, Textron agreed to acquire Pipistrel , an electrically powered aircraft manufacturer based in Italy and Slovenia. On April 5, 2022, U.S. authorities announced criminal as well as civil charges in

561-631: The General Electric J85 turbojet engine (expected to serve with U.S. Air Force until 2040.) SAHA (Iran aviation) Iran Aircraft Industries (IACI) or SAHA (صها abbreviated of صنایع هواپیمایی ایران) was established in 1961 mainly for major repair of fighter, passenger, and air support planes. Over time, SAHA became an important part of Iran ’s aviation industry. In 1998, Iranian scientists and experts started designing, engineering, and manufacturing complex engine parts, airplane parts, and manufacturing turbine engines like Toloue-4 . SAHA

594-458: The Kowsar (or Kosar) jet trainer and strike aircraft ahead of its maiden flight. The Kowsar will be produced in single and two-seater versions. Iran states that it will become an exporter of plane parts within 7 years (2019). Iranian sources stated in March 2024, that Iran is self-sufficient in producing passenger plane spare parts citing the sanctions against Russia as the need to proceed with such

627-588: The Special Yarns Company . In 2020, Textron employed over 33,000 people in 25 countries. The company ranked 265th on the 2021 Fortune 500 of the largest United States corporations by revenue. Textron started as a textile company in 1923, when 27-year-old Royal Little founded the Special Yarns Corporation in Boston, Massachusetts . The company manufactured synthetic yarns , a niche product at

660-550: The 400th Cessna Citation Latitude business jet at its manufacturing facility in Wichita , Kansas. Scheduled for delivery later this year, the significant achievement was marked by a celebratory event held by employees at the company's Wichita headquarters. Able Aerospace Services is an international business and $ 70 million aerospace enterprise that is performing more than 2,800 proprietary FAA -approved repairs on aircraft and components. Airborne Tactical Advantage Company (ATAC)

693-469: The District of Columbia) brought by Iran against Textron earlier, Iran had sought damages against unfulfilled contracts dating back before revolution. Textron ultimately sent five commercial helicopters to Iran in addition to providing spare parts and training in 1994 to settle the dispute. In summer of 2010, Iran requested that the United States deliver the 80th F-14 it had purchased in 1974, but delivery

SECTION 20

#1732872710134

726-532: The Shah’s efforts to develop modern, high-technology industries. After international sanctions following the Iranian Revolution , the general official policy of Iranian government changed from having the best available in the world to being able to manufacture independently in order to meet domestic needs, specially of technological products and therefore becoming "sanction-proof". In no other field this urgency

759-1067: The aftermath of the 2008 economic downturn , driving its market capitalization down to just $ 3.17 billion. While the company lost 75% of its value in the first ten years of Campbell's leadership, he managed to take home over $ 120 million in compensation. His salary in 2008 was $ 25 million, making him the highest-paid executive of a conglomerate. Campbell managed to sell over $ 40 million in Textron stock in April and May 2008, at prices over $ 60 per share. Scott C. Donnelly became CEO in December 2009. Textron acquired Mechtronix in Montreal, Quebec and OPINICUS in Tampa, Florida , in 2013. Donnelly combined these flight simulation companies, along with Textron's AAI Logistics & Technical Services, to form TRU Simulation & Training in 2014. On December 26, 2013, Textron agreed to purchase Beechcraft , including

792-412: The discontinued Hawker jet line, for $ 1.4 billion. The sale closed in March 2014. The company formed a new company called Textron Aviation to market the products of Beechcraft, Cessna and Hawker as individual brands . From 2013 to 2016, R&D investments were 4.3%, 4.0%, 4.6%, and 4.2% of its revenues ($ 13.78 billion in 2016) and totaled more than $ 2.2 billion as it developed seven aircraft:

825-445: The form of his use of a corporate jet to travel between his home and office, which made him the most expensive CEO in the country in terms of use of jet travel. Some shareholders have questioned whether it is a good use of shareholder dollars to pay for the personal lifestyle choice of the CEO to live in one state and work in another. Shares in Textron plummeted to as low as $ 10.09 per share in

858-453: The time. By the start of World War II , the company was known as Atlantic Rayon Corporation and manufactured parachutes . As war production wound down, the company started making civilian products as well and was renamed Textron : "Tex" for "textiles" and "tron" from synthetics such as "Lustron". The company was listed on the NYSE in 1947. Royal Little began the process of turning Textron into

891-531: Was acquired by Textron in 1986. Greenlee produces various wire and cable installation tools that are used in a variety of fields. On April 18, 2018, Textron announced that it would sell its Greenlee brand to Emerson Electric . Textron purchased Jacobsen Manufacturing in June 1978 and continued to produce Jacobsen garden tractors into the 1990s. Today, Jacobsen sells various products used for turf care: maintenance equipment, vehicles, and other products. Kautex Textron

924-562: Was building a factory to produce Model-214 helicopters in Isfahan . Northrop Corporation was also a joint partner in Iran Aircraft Industries , inc., which maintained many of the US military aircraft sold to Iran and was expected to produce aircraft components and eventually complete planes. These efforts represented a large share of US industrial involvement in Iran, and were a centrepiece of

957-975: Was denied after the Islamic Revolution . Former Iranian President Mahmoud Ahmadinejad had favored the purchase of aircraft such as Iran-140 which are manufactured in Iran. Iran’s Aviation Industries Organization plans to manufacture 100 advanced Tupolev Tu-214 and Tu-204 airplanes with a capacity of 210 persons each in cooperation with Russia within the next 10 years. Iran also intends to manufacture at least 50 Ka-32 helicopters in Iran under license of Kamov and negotiations are underway to manufacture 50 An-148 under licence, probably with similar arrangements as Iran-140 to be named Iran-148 . Agreements were signed with Russia for co-development and co-manufacture of an uncertain amount of Tu-334 airliners in Iran with production to commence simultaneously both in Iran and Russia. Another agreement with Poltava Helicopter Company of Ukraine allows Iran to manufacture

990-455: Was founded in 1862 by brothers Robert and Ralph Greenlee to manufacture their invention, a drill surrounded by four chisel blades, used in making the pockets for a mortise and tenon joint for the furniture industry in Rockford. This device is still used in cabinetmaking. The brothers later diversified into a variety of hand woodworking tools as well as machinery for making wooden barrels. The company

1023-807: Was higher than aeronautics. Therefore, Iran has avoided the need to purchase better western aircraft available to it from time to time in favor of inferior ones that could be manufactured in Iran through arrangements of purchasing licenses and technologies as well as reverse-engineering parts, mostly to avoid situations that Iran has gone through during the 1980s till now by not being able to maintain what it had due to domestic technological starvation. In 2006 Textron sued IAIO, for producing counterfeits of six types of its Bell unit helicopters without licenses thereby using trade secrets and patented designs without permission and demanded compensation for damages. In another lawsuit (Bell Helicopter Textron Inc. v. Islamic Republic of Iran, Case No. 06cv1694, in U.S. District Court for

Iran Aviation Industries Organization - Misplaced Pages Continue

1056-496: Was later expanded in the 1970s in the reign of Shah Mohammad Reza Pahlavi , benefiting from the boosted oil revenues. Not only did the Shah order vast quantities of America ’s most advanced weapons, he was also acquiring the capability to produce them in Iran. Under a multibillion-dollar industrialisation programme, the Shah commissioned US arms firms to build weapons factories in Iran. Thus Bell Helicopter (a division of Textron , Inc.)

1089-571: Was sold to Deering Milliken in 1963. Later CEOs included G. William Miller (1968–1977), Joseph Collinson (1977–1979) and Robert P. Straetz (1979–1986). In 1984, Textron took on more debt and bought Avco , a conglomerate almost as big as itself. Later on, James Hardymon took over as CEO. This $ 1.4 billion acquisition included the parent of Paul Revere Insurance Company (through 1996, when they sold it). James Hardymon brought in Lewis B. Campbell , who became CEO in 1998. Starting in 2000, Campbell led

#133866