KLX Aerospace | Newsroom - KLX Aerospace

NEWSROOM

Aerospace Executive in New Growth-Focused Role with KLX Aerospace Solutions

 Feb. 22, 2017

KLX Inc. (KLXI) announces Garry Snow as new Vice President, Global Business Development for KLX Aerospace Solutions.

In this newly-created role, former KLX Sales Director Garry Snow will work directly with the executive leadership to drive KLX strategy and new business opportunities forward. "Garry has been a key part of our growth since joining our business,” says Group Vice President and General Manager John Cuomo. "Garry will shape and execute our strategic road map in cooperation with the Sales Vice Presidents globally. Garry will be part of KLX’s Executive Leadership Team and report directly to me."

Click here for more details.

KLX Announces New Business Awards Valued at Approximately $300 Million

 Jan. 11, 2017

KLX Inc. announces major new business awards for its Aerospace Solutions Group (“ASG”) business. These new program awards represent significant market share gains and are initially valued at approximately $300 million in the aggregate.


Commenting on the new customer awards, Amin J. Khoury, Chairman and Chief Executive Officer of KLX noted, “We are very pleased to announce that GKN Aerospace, along with one large commercial OEM, two global OEM subcontractors and one military aftermarket customer have chosen to transfer to KLX all or a substantial portion of their supply of aerospace fasteners, engineered products and bin management services.”


Mr. Khoury continued, “These new customer awards highlight our continued focus on having the broadest and deepest portfolio of aerospace consumables parts and inventory management services worldwide, and further solidifies our position as the market leader. In all cases, these new program wins represent significant market share gains that reflect the differential value proposition we deliver to our customers. As indicated on our most recent earnings call, these new program awards were in the process of negotiation during the fourth quarter and have now been officially awarded to KLX. These new programs are expected to generate approximately $60 million per year in additional annual revenues after a 12 month transition period.”

KLX Signs Lease for New Global Headquarters in Miami

 Oct. 26, 2016

MIAMI, Oct. 26, 2016 (GLOBE NEWSWIRE) -- KLX Inc.’s Aerospace Solutions Group (“ASG”), the world’s leading distributor and value added service provider of aerospace fasteners and consumables, announced it has signed a build-to-suit lease for a new global headquarters and distribution hub totaling over 500,000 square feet.

The relocation and expansion of ASG’s facilities highlights South Florida as one of the world’s fastest-growing logistics, trade and air transport hubs. “Our new Miami headquarters will enhance our existing operations and assist with our ongoing recruiting efforts,” said John Cuomo, Vice President and General Manager of KLX’s Aerospace Solutions Group. “We will be located near the border of Miami-Dade and Broward Counties, creating easy access to our region’s major thoroughfares and some of South Florida’s most desirable residential communities. This new facility will enable ASG to achieve its growth in a single headquarters facility. We sincerely appreciate the financial commitments provided by the State of Florida, and Miami-Dade County to facilitate the development of our new operational headquarters.”

The office of Florida Governor Rick Scott, Enterprise Florida, Miami-Dade County, the Florida Department of Economic Opportunity and the Beacon Council secured economic incentives to allow KLX to remain in Miami as it achieves its growth objectives. “Companies like KLX are providing the type of economic growth we need to keep Miami-Dade County moving forward," said Miami-Dade County Mayor Carlos A. Giménez. "I want to thank the Miami-Dade Beacon Council for providing the strategic assistance our local businesses need to expand and create well-paying jobs for Miamians."

Governor Rick Scott said, “KLX’s expansion is great news for Miami-Dade and Broward families. Florida businesses like KLX are incredible job creators in our state and we will continue to do all we can to cut taxes and reduce regulations to help businesses create more opportunities for Floridians. I look forward to KLX’s continued success in Florida.”

“Attracting and retaining US and global headquarters in South Florida is critical to our economic future. KLX will be the anchor for what will become a first-class business park with over eight million square feet in a growing area with new housing and amenities under development,” said Matthew Cheezem, Managing Director of JLL, the commercial real estate and investment firm, that represented KLX in the transaction.

The building will be located at the intersection of NW 107th Street and 97th Avenue between Florida’s Turnpike and I-75. The new facility will include two floors of office space with the ability to expand and a state-of-the-art storage and distribution area.

About KLX Inc.

KLX Inc., through its two operating segments, provides mission critical products and complex logistical solutions to support its customers' high value assets. KLX serves its customers in demanding environments that face high cost of downtime and require dependable, high quality just-in-time customer support. The Aerospace Solutions Group is the world's leading distributor and value added service provider of aerospace fasteners and consumables offering the broadest range of aerospace hardware and consumables and inventory management services worldwide. The Energy Services Group provides vital services and products to the oil and gas industry on an episodic, 24/7 basis. For more information, visit the KLX website at www.KLX.com.

Contact: John Cuomo, Group Vice President and General Manager – 305.925.2600

Major New Business Award

 Oct. 20, 2016

Major New Business Award

The United States Department of Defense (“DOD”), Defense Logistics Agency (“DLA”) has awarded KLX a logistics services contract to provide a broad range of aftermarket products and services to the Corpus Christi Army Depot (“CCAD”). The initial contract funding provides for up to $135 million over the ten-year total period of the contract.

The CCAD is a critical facility within the U.S. Army Aviation and Missile Command (“AMCOM”) structure, providing comprehensive service support for such aircraft as the UH-60 Black Hawk, the AH-64 Apache, the CH-47 Chinook, the T700 engine (General Electric), and the T55 engine (Honeywell). KLX will be responsible for maintaining appropriate levels of bench stock consumables across the entire depot, with an initial scope of approximately 8,000 items at 20,000 bin locations. Site activation will occur over the next twelve months.

Click here for the full press release.

Customer Alert - MAG 6 Update

 Sept. 27, 2016

Customer Alert - MAG 6 Update

The FAA has issued Notice 8900.380 confirming a repair station's privilege of inspecting and approving parts for return to service that are not accompanied by the documentation required by MAG 6. As long as the parts are traceable to the Production Approval Holder (PAH) and are in a satisfactory condition for installation, a repair station may inspect any article for which they are appropriately rated and approve that part for return to service. This privilege applies whether the component is new or used, and regardless of date received.

Click here for more details.

KLX Data Center Move

 July 6, 2016

To Our Valued Customers & Suppliers:

As previously shared upon the December 2014 spin-off from B/E Aerospace, KLX will be transitioning this year to its own data center for all KLX business systems. While KLX's data infrastructure and support services will move to a new KLX-owned location, this does not represent a change in any of the KLX business applications including the ERP system for our business.

Maintenance Annex Guidance, Change 6 (MAG 6)

 June 20, 2016

Maintenance Annex Guidance, Change 6 (MAG 6)

On June 1, 2016, the FAA and EASA released Maintenance Annex Guidance, Change 6 ("MAG 6"), which contains a significant policy change that eliminates the MAG 5 requirement that "New components must be traceable to the OEM as specified in the Type Certificate holder's Parts Catalogue." This change eliminates the need to trace a part back to the OEM.

KLX Inc. Acquires Herndon Aerospace

 May 17, 2016

KLX Inc. Acquires Herndon Aerospace

KLX Inc. ("KLX") (NASDAQ: KLXI), the world's leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products for the oil and gas industry, today announced that it has acquired Herndon Aerospace & Defense, LLC ("Herndon"), a leading supply chain management and consumables hardware distributor serving principally military depot aftermarket customers, as well as commercial aerospace aftermarket customers.

Herndon Acquisition Customer Notice

 May 17, 2016

Herndon Acquisition Customer Notice

We are pleased to announce that Herndon Aerospace & Defense is now owned by KLX Inc. (KLXI). Herndon will be integrated into the KLX Aerospace Solutions segment in a phased process over the next 18-24 months in North and South America only. As we implement improvements gradually through this phased process, we will keep you informed of all relevant updates as they become available.

Herndon Acquisition Supplier Notice

 May 17, 2016

Herndon Acquisition Supplier Notice

We are pleased to announce that Herndon Aerospace & Defense is now owned by KLX Inc. (KLXI). Herndon will be integrated into the KLX Aerospace Solutions segment in a phased process over the next 18-24 months in North and South America only. As we implement improvements gradually through this phased process, we will keep you informed of all relevant updates as they become available.

KLX Official Name Change Statement

 January 1, 2015

This notice is to inform you that, as a result of the December 2014 spin-off from B/E Aerospace, Inc., the former Consumables Management segment of B/E Aerospace, Inc. is now KLX Aerospace Solutions, a division of KLX Inc.

VAT Registrations for KLX Inc.

 December 29, 2014

Please continue to check this location for the most up-to-date information regarding the VAT Registrations for KLX Inc. (effective January 1, 2015)

Remit To Instructions for KLX Inc.

 December 29, 2014

Please continue to check this location for the most up-to-date information regarding the “Remit To” instructions for KLX Inc. (effective January 1, 2015)

KLX Official Name Change Statement – VAT Details

 December 22, 2014

This is to certify that effective 17 December 2014, the business known as B/E Aerospace Consumables Management is now KLX Inc. as a result of the spin-off from B/E Aerospace, Inc., and will be operating as KLX Aerospace Solutions starting 1 January 2015.

KLX Inc. Begins Trading Today on NASDAQ Under Ticker Symbol “KLXI”

 December 17, 2014

KLX Inc. (“KLX”) (NASDAQ: KLXI), the world'€™s leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products for the oil and gas industry, begins regular way trading today following its spin-off from B/E Aerospace, Inc. (NASDAQ: BEAV).

Notice of Assignment of Contractual Obligations From B/E Aerospace, Inc. to KLX Inc.

 December 16, 2014

As you may be aware, on June 10, 2014, B/E Aerospace announced that it had commenced a process to separate its businesses into two independent, publicly traded companies (B/E Aerospace)€“ one focused on aircraft cabin interior equipment design, development, manufacturing, certification and direct sales on a global basis, and the other (KLX) focused on distribution, logistics and technical services for the aerospace and energy services markets (the "CMS Business"€).

B/E Aerospace Announces Closing of Offering of Senior Notes by KLX

 December 9, 2014

B/E Aerospace, Inc. ("€œB/E Aerospace"€ or the "Company") (NASDAQ:BEAV) announced December 8, 2014 that its wholly-owned subsidiary KLX Inc. ("KLX"€) has successfully closed its previously announced offering of $1.2 billion aggregate principal amount of 5.875% senior notes due 2022 (the "€œNotes"€).

B/E Aerospace Board of Directors Approves Separation of KLX and Sets Record Date and Distribution Date

 November 25, 2014

B/E Aerospace, Inc. ("€œB/E Aerospace" or the "€œCompany"€) (NASDAQ: BEAV) announced today that its board of directors (the "€œBoard") has approved the separation of its Consumables Management Segment, consisting of B/E Aerospace'€™s aerospace distribution and energy services businesses, which will be known as KLX Inc. ("€œKLX"€), through a dividend distributing all of the shares of KLX common stock on a pro rata basis to the holders of B/E Aerospace'€™s common stock.

B/E CM Name Change Notice

 November 19, 2014

As a part of the spin-off from B/E Aerospace, Inc., effective January 1, 2015, B/E Aerospace Consumables Management will formally convert its legal entity name to KLX Inc., and will operate as the "€œAerospace Solutions"€ division.

B/E Aerospace and ATR Sign Global Distribution Agreement

 November 13, 2014

ATR announced today that it has signed a three-year agreement with B/E Aerospace Consumables Management, the world'€™s leading supplier of aerospace fasteners and consumables, for distribution of consumables, expendables and standard hardware parts for ATR aircraft.

KLX CM Advance Name Change Notification

 October 3, 2014

As announced in this June 2014 press release, the KLX Aerospace Solutions and Interturbine businesses will separate from the KLX Aerospace manufacturing businesses to form a new, publicly-traded company known as KLX Inc. While the spin-off is anticipated to receive the necessary approvals within 2014, there will be no operational or name changes until January 2015…Read more ›

KLX Aerospace Announces Filing of Registration Statement for Spin-Off of Its Consumables Management Business Segment

 August 29, 2014

WELLINGTON, FL, August 29, 2014 – KLX Aerospace Solutions ("KLX" or the "Company") (NASDAQ:KLXI) announced today a further step in its previously announced separation of its Consumables Management Segment, consisting of the Company's aerospace distribution and energy services businesses, through a distribution, or spin-off, to the Company's shareholders. The Company's subsidiary KLX Inc. ("KLX"), to… Read more ›