Golf Invitational 2018

Golf Invitational 2018

On June 4th, ADDAPT held its annual Business Development Golf Invitational at Colonial Springs Golf Course in Farmingdale.

The day started with rain, but the skies cleared for a great day of golf, camaraderie, and networking. We were honored to have Congressman Tom Suozzi, a member of the House Armed Services Committee, join us and greet our golfers before they teed off.

Over 100 golfers and 150 lunch and dinner guests came out it support ADDAPT and our mission to make Long Island’s Aerospace and Defense Industry stronger than ever. Deals were done, golf bets were paid off, a few spirits were consumed and… about 100 golf balls were lost.

Thank you to all of those that came out to show their support! See you at next year’s outing.

2018 Sea-Air-Space Exposition and Forum for SBIR/STTR Transition
Rear Adm. Matthew J. Kohler, Commander, Naval Information Forces (NAVIFOR) spoke to a group of more than 100 on May 17 at the Sea-Air-Space “Global Maritime Expo,” at the Gaylord National Resort and Convention Center in National Harbor, Md. (U. S. Navy photo by Robert Fluegel / Released)

The Navy League held its annual Sea-Air-Space Expo at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The three day event started on April 11th, and this is the the fourth year in a row I’ve attended. The Navy League’s Sea-Air-Space Exposition was founded in 1965 as a means of bringing together the U.S. defense industrial base, private-sector U.S. companies, and key military decision makers at an innovative, educational, professional maritime based event. Hosted in the heart of the Washington DC area, Sea-Air-Space is now the largest maritime exposition in the U.S. and continues to be an invaluable extension of the Navy League’s mission of maritime policy education and sea service support.

In addition to the prime contractors and many subprime contractors exhibiting on the show floor, Naval Sea Systems Command (NAVSEA), Naval Supply Systems Command (NAVSUP) and Naval Air Systems Command (NAVAIR) provided informational sessions throughout each day of the event. Rear Admiral G. Dean Peters, the program executive officer overseeing more than half of the Navy’s aircraft inventory, spoke about budget increases and how that translates to more aircraft and better systems for naval aviators. Click here for details on the admiral’s remarks. Together, the U.S. Navy and Marine Corps form the world’s second-largest air force, with over 3,700 aircraft of all types in service.

Sea-Air-Space had over 290 exhibitors ranging from the big primes to smaller companies. Some of our member companies had a exhibits, including L3, Curtiss-Wright, and BAE. Walking the floor was a great way to meet people and see equipment and assemblies made on Long Island.

Running concurrently with Sea-Air-Space, and in the same convention center, was the annual Department of the Navy Forum for SBIR/STTR Transition (FST), which is a one-of-a-kind opportunity to experience first-hand the future of the Navy and Marine Corps. More than 70 businesses were there, exhibiting all types of innovative products. Use the following link to visit their Virtual Transition Marketplace. Whether you see it online, live on the Exhibit Hall, hear about it during the Tech Talks or experience it during a 1-on-1 or networking event, you’ll see why we must be focused on Tomorrow’s Technology, Today.

As you can see from the NAVY FST Schedule of Events, the Forum provided an excellent opportunity for small businesses to attend very informative education sessions regarding the Navy’s Small Business Programs, and to network with the individuals responsible for administering these programs. Further, there were also networking opportunities with the people responsible for the prime contractors’ small business programs as well.

The Sea-Air-Space Expositions and the FST are worthwhile events and Maryland is less than four hours away by car. Perhaps next year ADDAPT can organize a larger group to make the trip down to DC for the day. For more information, please contact Bob Arnold, Jr. at ra2@arnoldstandard.com.

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GDPR Briefing

A Caveat

This quick blog post is not comprehensive and is not written from a stance of expertise. It is meant to alert Addapt members to an issue that might affect their businesses and to offer a potential first step towards getting better information and possibly expert help.

What is GDPR

The General Data Protection Regulation is a set of rules established by the European Union to better protect the privacy and data rights of EU citizens. It was ratified in 2016, it’s in full effect on May 25th, 2018, and while it is an EU regulation, it can affect you and your business.

What does GDPR do?

In a nutshell, GDPR requires companies to be very transparent about the collection of personal data and the use of that data, and to make it very easy for EU citizens to refuse data collection and to have their data deleted. Noncompliance can mean big fines.

Am I affected?

Determining this is very complex and is an article unto itself. Here are some quick guidelines:

If you’re selling products or services to countries in the EU, you probably need to get compliant. If you’re doing this online, then absolutely you need to be compliant.

If you’re buying products and services from EU countries, you might have to get GDPR compliant.

If you do online marketing and collect email addresses and other personal data, and you have EU citizens on your mailing lists and in your database, you need to get compliant.

If you have EU citizens hitting your website and you’re tracking visitors by setting a cookie, then you need to get compliant.

If you’re part of a multinational then chances are GDPR has already been addressed and you don’t have to do anything. If your firm regularly sells in Europe then chances are someone has at least heard of GDPR in your organization. If you occasionally sell to the EU you should look into compliance. If you do any internet or email marketing then you should click on a few links below and update your privacy policy and a few other things to get compliant. If you aren’t internet marketing then you have a whole different problem to address, which is basically why you aren’t taking advantage one of the best ways ever to grow your business.

Getting Compliant with GDPR

Getting compliant can range from spending millions and hiring a Data Protection Officer to spending just about nothing and getting an updated Privacy Policy on your website. Below are some resources that go into a lot more detail about this topic.

As stated earlier, this article isn’t meant to be comprehensive and full of expertise. It’s a “heads up.” The resources below were chosen because they’re easy to read and understand, get to the salient points quickly, and are immediately actionable.

A general idea of how GDPR affects American Companies
https://www.hanzo.co/blog/what-us-companies-need-to-know-about-the-gdpr

A summary of GDPR
https://www.dataiq.co.uk/blog/summary-eu-general-data-protection-regulation

A compliance plan outline – useful information
https://termsfeed.com/blog/gdpr-compliance-plan/

A GDPR compliant privacy policy is something that a lot of you might need – it isn’t a bad idea in general if you’ve got a website.
https://termsfeed.com/blog/gdpr-privacy-policy/#Examples_of_GDPR-Compliant_Privacy_Policies

Suozzi: Aerospace firms must market themselves more effectively
The Next Space Race
Robert Botticelli Looks to Boost LI’s aerospace and defense industries
U.S. Navy Awards BAE Systems $139 Million Contract to Upgrade USS Tortuga

NORFOLK, Va.–(BUSINESS WIRE)–BAE Systems has received a $139.8 million contract from the U.S. Navy to modernize the dock landing ship USS Tortuga (LSD 46). The Tortuga will undergo 16 months of restorative work at the company’s shipyard in Norfolk, Virginia, the ship’s homeport. The contract includes options that, if exercised, would bring the cumulative value to $183.7 million.

BAE Systems will begin working aboard the 610-foot-long Whidbey Island-class ship in January 2018 and will perform a combination of maintenance, modernization, and repair. The availability is expected to be completed in May 2019 with the reactivation of the ship for operational service.

“Our employees and subcontractors look forward to working with the Navy to perform the deep modernization work to ensure the Tortuga remains a very capable amphibious combatant ship,” said Dave Thomas, vice president and general manager of BAE Systems Norfolk Ship Repair. “Our previous experience with the ship and the outstanding skills of our employees and subcontractors will help us to return the ship back to the fleet in great shape.”

The USS Tortuga was commissioned in November 1990. The ship has been part of the Navy’s LSD/CG-class modernization program since 2016, when the ship underwent several modernization industrial periods and obsolete and legacy equipment and structures were removed. BAE Systems’ Norfolk shipyard was awarded a $17.7 million contract in May 2016, at the start of Tortuga’s modernization process. The new contract will involve the installation of upgraded systems and other improvements aboard the ship to extend its service life beyond 40 years.

With receipt of the Tortuga contract and other smaller maintenance contracts, BAE Systems is expected to increase its workforce in Norfolk by nearly 100 full-time positions before the start of the Tortuga availability. The shipyard currently employs about 870 people.

BAE Systems is a leading provider of ship repair, maintenance, modernization, conversion, and overhaul services for the Navy, other government agencies, and select commercial customers. The company operates five full-service shipyards in Alabama, California, Florida, Hawaii, and Virginia, and offers a highly skilled, experienced workforce, eight dry docks, and significant pier space and ship support services.

LI Aerospace Firms Look for Share of Higher Defense Budget

The Trump administration’s plan to increase defense and security spending by $54 billion presents Long Island aerospace companies with an “opportunity we don’t want to miss,” a longtime executive said Tuesday.

To capitalize on the opening, Peter Rettaliata, former president and CEO of Hauppauge-based Air Industries Group, said the aerospace companies must press their agenda with the region’s politicians.

“Politics and promotion will be the most important things for us now,” he said. “Aerospace is a business seeped in politics.”

Rettaliata said that a unified effort by the Island’s defense companies is essential. He spoke at a meeting of the Aerospace and Defense Diversification Alliance in Peacetime Transition, or ADDAPT, a nonprofit that promotes regional defense and aerospace companies. The event was held at the Cradle of Aviation Museum in Garden City.

“You can speak much more powerfully as a group,” said Rettaliata, chairman emeritus of ADDAPT. “[You must] support incumbent office holders.”

Another speaker at the ADDAPT event, investment banker and consultant William Alderman of Danbury, Connecticut-based Alderman & Company, said that the expected “bump” in defense spending under Trump will come in the wake of a steady slide since 1950 when calculated as a percentage of gross domestic product.

In 1988 U.S. defense spending amounted to 5.6 percent of gross domestic product, according to data from the World Bank. That declined to 3.3 percent in 2015, according to the data. The world as a whole, by comparison, spent an average of 3.4 percent of countries’ gross domestic product in 1988 and 2.3 percent in 2015.

Rettaliata also proposed tighter integration among Long Island’s small defense and aerospace contractors as a way of offering prime contractors like Boeing Co. a suite of products and services that simplify the subcontracting process.

“This is a region,” he said. “That’s how these [prime manufacturers] think.”

From a political perspective, Rettaliata said, the aerospace industry is valuable as a generator of good jobs and as one of the few industries that produces a surplus in the U.S. balance of trade.

CPI Aero Awarded $15.8 Million Multi-Year Contract by Lockheed Martin for F-35 Canopy Drive Shaft Assemblies

Edgewood, NY — CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American:CVU) today announced that it has been awarded a $15.8 million multi-year contract by Lockheed Martin Company (NYSE: LMT) to manufacture canopy actuation drive shaft assemblies for the F-35 Lightning II, the world’s most advanced multirole fighter.

Under this new contract with Lockheed Martin’s Aeronautics division based in Fort Worth, TX, CPI Aero will provide four different drive shaft assemblies used within the actuation system that opens and closes the cockpit canopy of all three variants of the aircraft: the F-35A conventional takeoff and landing (CTOL) variant, the F-35B short takeoff/vertical landing (STOVL) variant, and the F-35C carrier variant (CV). Deliveries are expected to begin during the third quarter of 2018 and continue through December 31, 2022.

This is CPI Aero’s second contract with Lockheed Martin for structural assemblies on the F-35. In May 2017, CPI Aero made its first delivery of lock assemblies for the arresting gear door of the F-35A CTOL variant under a multi-year contract awarded in 2015 estimated at up to $10.6 million.

The F-35 Lightning II is a family of single-seat, single-engine, all-weather stealth multirole fighters designed to perform ground attack, aerial reconnaissance, and air defense missions. The US Department of Defense plans to acquire over 2,400 F-35’s by 2034 and eleven other countries also have plans to acquire the aircraft.

Douglas McCrosson, President and CEO of CPI Aero, stated, “This is an important win for CPI Aero as it increases CPI Aero content on the F-35, our nation’s largest military aircraft program, and further strengthens our ties to Lockheed, the largest defense prime contractor in the world. Coming on the heels of our first F-35 assembly delivery, I am confident that Lockheed Martin views us as having attributes that define successful defense contracting: quality, performance and affordability.”

About CPI Aero
CPI Aero is a U.S. manufacturer of structural assemblies and value-added kits for fixed wing and rotary wing aircraft in both the commercial aerospace and defense markets. CPI Aero also manufactures pod-based, airborne avionics systems for Intelligence Surveillance and Reconnaissance (ISR), Electronic Warfare (EW) and Radar end-markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. CPI Aero is included in the Russell Microcap® Index.

PRECIPART’S JOSEPH BRYANT QUOTED IN NEWSDAY’S “EMERGING DEGREES” STEM EDUCATION SECTION

Joseph Bryant, Precipart’s director of manufacturing, was quoted extensively in a Newsday special section discussing STEM Education, and the steps taken by leading business and educational institutions to avert a shortage of STEM (Science, Technology, Engineering, and Math) workers in the years ahead.

According to Newsday, 2.4 million new U.S.-based manufacturing workers will be needed to work in science and engineering industries in the next decade. Those workers possessing up to date computer skills will find themselves in demand. Currently, according to Mr. Bryant, “there is a greater need for programmers as we retire manual machines and replace them with Computer Numerical Control machines and robotics.”

Those workers with other (non-programming) STEM skills will also likely attract the continuing interest of employers. Mr. Bryant noted that “because we are growing rapidly, we find ourselves seeking support staff and interns with STEM degrees or credentials in information technology, accounting, digital marketing and film.”

The article highlights Precipart’s partnerships with local educational institutions on Long Island to identify and train future manufacturing workers. Such partnerships let the company find “employees in application software and computer science as well as the mechanical, industrial, biomedical, biomechanical and manufacturing engineering fields.” Partner institutions include the BOCES Eastern Long Island Academy of Applied Technology STEM high school in Patchogue, and Suffolk County Community College.