Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced today that its China subsidiary has passed all qualification testing for SAE Aerospace Standard 81820 and has received formal written qualification approval from the U.S. Navy, becoming the first and only manufacturer in China qualified to make bearings under this standard and under SAE-AS81934.
Over 3,000 AS81820 and AS81934 parts are used in every commercial aircraft made by such manufacturers as Airbus and Boeing, and must be replaced regularly.
"We are delighted to be the only SAE-certified bearing manufacturer in China," said Bill McKay, Trans-Pacific Aerospace CEO. "We're now on the QPL supplier list which allows us to pursue long term competitive contracts not only for aircraft and sub-assemblies made in China by Airbus and Boeing, but throughout the world."
China is the world's largest aviation market outside of the United States, with Aviation Industry Corporation of China (AVIC), the country's dominant aerospace contractor, forecasting that China's commercial aircraft fleet will more than triple in size to 6,309 by 2031, from 1,755 aircraft at the end of 2011.Godfrey Guangzhou Aerospace Bearings, a wholly owned foreign enterprise of Godfrey (China) Limited, Trans-Pacific Aerospace Company's subsidiary, is also qualified to manufacture SAE-AS81934 journal bearings. About Trans-Pacific Aerospace (TPAC) Trans-Pacific Aerospace is in the business of designing, engineering and manufacturing self-lubricating spherical bearings for commercial aircraft, with planned product extensions using similar proprietary technology into maritime, power plant and space applications. To date, Trans-Pacific Aerospace’s operations have focused on assisting its Chinese subsidiary, Godfrey (China) Limited, in the development of its production facility in Guangzhou, China and the design and engineering of Godfrey’s initial product line of spherical bearings. Godfrey has a special operating license granted by China's Ministry of Science and Technology. Godfrey has obtained SAE parts qualification of its facility in Guangzhou, China.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV