July 26, 2016 3:46 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 OEM-authorized services for fixed-and rotary-wing aircraft engines; rotary-wing related services, including development, production, and installation of supplemental type certificate products; and rotary-wing and fixed-wing component, propeller, and composites services. It also provides avionics equipment and services, including laser wire marking, computerized harness testing, computerized edge-lit panel etching, specialty tooling, complete or partial airframe rewires, new airframe completions, Kapton wire replacement program, pre-fabricated wire bundles, avionics upgrade pack...

2 Bloor Street West

Hudson's Bay Centre

Suite 1920

P.O. Box 116

Toronto, ON M4W 1A8


Founded in 1998





Key Executives for Vector Aerospace Corporation

Chief Executive Officer, President and Director
Age: 55
Chief Financial Officer
Director, Member of Audit Committee, Chairman of I M P Group Limited and Chief Executive Officer of I M P Group Limited
Age: 81
Chief Executive Officer of Vector Aerospace - France
President of Helicopter Services - North America
Compensation as of Fiscal Year 2016.

Vector Aerospace Corporation Key Developments

Vector Aerospace Corporation Opens New Canadian Turboprop Test Cell

Vector Aerospace Corporation announced the opening of a new engine test cell at its Summerside facility in Prince Edward Island, Canada. This new multimillion dollar test cell, which was the result of a financing partnership with provincial and federal governments, is capable of supporting turboprop engines producing up to 5,000 shaft horsepower. It joins three existing test stands at Summerside, two dedicated to turboprops and one to turbofans. The new cell will expand Vector's local test capacity on turboprop models supported from the Summerside overhaul facility, such as the Pratt & Whitney Canada PT6A and PW100 series, thus minimizing turn-around times (TATs) for its customers globally and supporting further market share growth.

Vector Aerospace Signs Exclusive Long-Term Agreement with Broome Air Services and Hinterland Aviation

Vector Aerospace announced that it has entered into an exclusive long-term engine service agreement with JNP Enterprises. As per the terms of the five-year agreement, Vector Aerospace will provide comprehensive engine MRO services in support of the combined BAS and Hinterland Aviation fleet of Pratt & Whitney Canada (P&WC) PT6A turboprop applications, including the Cessna 208 Caravan, Beechcraft King Air B200 and Beechcraft B1900C, along with several other piston-powered light aircraft. Vector will provide these services from its P&WC authorized PT6A Designated Overhaul Facility (DOF) in Brisbane, QLD, Australia. PT6A MRO services provided by Vector under the agreement will include engine repair, hot section inspections, testing, modifications and overhaul services.

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.

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Recent Private Companies Transactions

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