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February 10, 2016 8:59 AM ET

Aerospace and Defense

Company Overview of Vector Aerospace Corporation

Company Overview

Vector Aerospace Corporation provides aviation maintenance, repair, and overhaul (MRO) services. The company offers fixed wing engine services for a range of turbofans, turboprops, and turboshafts; airframe and structural repairs for helicopters; various helicopter support capabilities for dynamics, structures, components, avionics, and engines; and powerplant support, engine/accessory MRO, rental engines, training, and asset management. It also engages in rewires, new installations, refits, and avionics upgrades; modification, testing, repair, and overhaul of a range of transmission, mechanical, and hydraulic components in support of various helicopter and fixed wing platforms; and providin...

2 Bloor Street West

Hudson's Bay Centre

Suite 1920

P.O. Box 116

Toronto, ON M4W 1A8

Canada

Founded in 1998

Phone:

416-925-1143

Fax:

416-925-7214

Key Executives for Vector Aerospace Corporation

Chief Executive Officer, President and Director
Age: 54
Director, Member of Audit Committee, Chairman of I M P Group Limited and Chief Executive Officer of I M P Group Limited
Age: 80
Chief Executive Officer of SECA
President of Helicopter Services - North America
President of Pathix Operating Unit
Compensation as of Fiscal Year 2015.

Vector Aerospace Corporation Key Developments

Airbus Reportedty Seeks Sale Of Services Unit Vector

Airbus Group SE (ENXTPA:AIR) reportedty is exploring a sale of Vector Aerospace Corporation, in a deal that could be valued at more than $800 million, people familiar with the matter said on December 7, 2015. Airbus is currently selling several businesses to focus its defense division on warplanes, missiles, launchers and satellites. Airbus has hired investment bankers to run an auction for Vector, the people said. The sources asked not to be identified because the sale process is confidential. Vector and Airbus declined to comment.

Vector Aerospace Inks Engine Services Agreement with PNG Air

Vector Aerospac announced that it has signed an engine services agreement with PNG Air, formerly known as Airlines of PNG, based out of Port Moresby, Papua New Guinea. As per the terms of the multi-year exclusive agreement, Vector Aerospace will provide comprehensive fixed-wing aircraft engine maintenance, repair and overhaul services to PNG Air's new fleet of Pratt & Whitney Canada PW127M-powered ATR 72-600 regional turboprop aircraft from its facilities in Summerside, PE, Canada and Brisbane, QLD, Australia. PW127M MRO services provided by Vector under the agreement will include engine repair, hot section inspections, testing, modifications, overhaul services and parts distribution. As per the terms of the multi-year exclusive agreement, Vector Aerospace will provide comprehensive fixed-wing aircraft engine maintenance, repair and overhaul services to PNG Air's new fleet of Pratt & Whitney Canada PW127M-powered ATR 72-600 regional turboprop aircraft from its facilities in Summerside, PE, Canada and Brisbane, QLD, Australia. PW127M MRO services provided by Vector under the agreement will include engine repair, hot section inspections, testing, modifications, overhaul services and parts distribution.

Vector Aerospace Signs Contract with Anaheim Police Department for Airbus Helicopters Components MRO

Vector Aerospace announced it has signed a three-year contract with the Anaheim Police Department to provide MRO support for their Airbus Helicopters AS350B2 components. Vector provides support for Airbus Helicopters AS350, AS355, EC130, EC135, BK117, EC145, BO105, EC 225/H225 and AS332 series helicopters. With approvals for AS350/355 and EC130 airframe, engines, dynamic components and avionics MRO, Vector is able to offer tip-to-tail MRO support on these models.

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