Posted on 12/14/2010 10:08:03 AM PST by Errant
Teledyne Continental Motors has been sold to Technify Motors, a subsidiary of AVIC International, a Chinese-based holding company with diverse business interests in the aerospace sector. The sale price, according to AVIC and Teledyne Technologies, was $186 million and terms of the sale included a commitment to remain in Mobile, where Continental has been on the former Brookley Air Force base since the 1960s.
(Excerpt) Read more at avweb.com ...
How long before the entire factory is shipped to China?
Ship the jobs to China? Better to keep the factory where it is so the Chicoms have direct access to an American military installation.
/johnny
About six years...
South says that worker concern about PRC influence over the consortium led to an "agreement with GM" that the plant would remain in Anderson for at least 10 years According to South, the buyers made the same agreement with the union, but since he had doubts about their intentions he took his concerns to Washington. Warnings fell on deaf ears. In August 2001, the sixth year of the 10-year agreement, South's distrust was validated when the consortium's managers "told us they intend to close the plant" and eliminate roughly 400 jobs.
This was the factory that produced those high-tech magnets used in cruise missiles and smart bombs - the only American producer of them.
Following the buyout in 1995, the production line at Anderson was "duplicated in China" at a facility built by the PRC company. According to South, after the company "made sure that it worked, they shut down" the Anderson facility. South says he suspects the buyout was about getting the technology, adding, "I believe the Chinese entity wanted to shut the plant down from the beginning. They are rapidly pursuing this technology."
This is a significant Company with a lot of connections to our defense and Oil and gas exploration>
Dear TCM Board,
We thank very much your coperation and quik agree to hour offer. Pleez to enjoy yor crismas halliday.
sinseerly,
The Peeples Liberashun Armee
I believe the same thing. It's another technology acquisition for them in a global game of monopoly.
I don’t think they sold Teledyne in whole, just the Continental Motors division.
Company Background
1905
Continental Motors is born with the introduction of a four-cylinder, four-cycle L-head motor operated by a single camshaft.
1906
Type “O” 45-hp engine is developed to power aircraft.
1929
A-70 radial, seven-cylinder engine is introduced to power aircraft.
1930
A-40 four-cylinder engine is introduced, to power aircraft.
1938
A-50 is added to the lineup to power the Piper Cub and Taylorcraft.
1939
Continental builds aircraft engines for use in British and American tanks.
1945
Six-cylinder E-185 developed for Beechcraft Bonanza.
1950s
A-65 developed into the more powerful C-90 and eventually to the 100-hp O-200. The latter powered one of the most important airplanes ever: The Cessna 150.
1960s
Turbocharging and fuel-injection are brought to general aviation by Continental Motors. IO-520’s applications expand to dominate the market.
1984
Continental Motors produces TSIO-520-BE for Piper Malibu. It sets new efficiency targets for piston engines.
1986
Powered by a liquid cooled version of the IO-240, the Rutan Voyager is the first piston-powered aircraft to circumnavigate the world without refueling.
1997
NASA selects Continental to develop and produce GAP, a new 200-hp engine that operates on Jet-A fuel.
1999
Continental develops and tests its first FADEC-equipped engine.
Yep! See my post #9
I guess I was looking up the info for my post while you were issuing your correction.
Maybe we will be able to buy a Continental aircraft engine at Wal-Mart for $49.95 next year.
Maybe, but I wouldn’t want to leave terra firma with it.
This is great. Now I can get my new IO 470 engine for my plane at Walmart for real cheap. Maybe get a twofer at Costco!
I wonder why the Red Chinese want this small company....could it be that it manufactures something of interest?
A friend who was a MfgE at this plant for a number of years told me a year or so ago that TM had diversified into mfg of small engines for the DOD UAVs and business was booming....now why would we allow the Chinese to buy a company that produces these???? I smell a typical a continuation of BJC’s treason.
Maybe if they would consolidate most of the various models of engines into a few classes then they could produce & sell them for reasonable prices.
Normally Aspirated or Turbo
100HP, 160-180HP, 210-235 HP, 300HP.
Put a thrust bearing that will handle Pusher or Puller.
Optional Dry Sump
Let the Vertical engine market sort out their own needs.
One problem with certification and especially legacy engines is the enormous number of engine models. Is this really necessary FROM AN ENGINEERING standpoint?
Look how many different homebuilts are powered by the Subaru 2.5 engine or the Rotax 912. Yes, the installations differ a bit, but the base engines are the same.
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