4 Hartford Business Journal • May 2, 2016 www.HartfordBusiness.com
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MFG4
DEPTH IN ENERGY LAW
Murtha Cullina's comprehensive Energy Group has years of practical experience representing:
CONTACT:
Paul McCary
860.240.6037 | pmccary@murthalaw.com
P R A C T I C A L E X P E R I E N C E . S T R AT E G I C A P P RO A C H .
MURTHA CULLINA LLP
ATTORNEYS AT LAW MURTHALAW.COM BOSTON HARTFORD NEW HAVEN STAMFORD WHITE PLAINS WOBURN
Industrial Facilities
Merchant Generators
Municipal Renewable Facilities
Renewable Energy Developers
Retail Electricity Suppliers
Schools and Universities
global demand for Pratt & Whitney Co.'s
commercial geared turbofan jet engine and
a recently expanded contract to deliver
engines for America's F-135 Joint Strike fight-
er program, plus Electric Boat's plethora of
submarine orders are among the bright spots
for Connecticut manufacturers, Gioia said.
More Pratt and EB orders typically ripple
through the state's economy in the form of
increased orders and production for in-state
Tier 1 and Tier 2 subcontractors and suppli-
ers, and small machine shops.
"There's a lot of business opportunity out
there and that's positive,'' Gioia said.
Other perspectives
Cronus Partners is a New York investment
bank with long and deep advisory connections
to Connecticut's aerospace sector. Managing
Partner Jeffrey Rubin said the anticipated
growth in demand for new airplanes equipped
with fuel-efficient engines hasn't materialized
to the level that the industry expected.
Last year's steep fall in crude prices,
Rubin said, made gasoline, heating oil and
jet fuel less expensive, stemming much of
the airline industry's urgency to shelve older,
fuel-thirsty airliners.
There are more reasons aero-manufac-
turers aren't too giddy right now. Though
the sector is dominated by small, family-run
shops, they, along with bigger aeroparts mak-
ers, Rubin said, are scrambling to keep pace
with the vortex of demand for low-cost but
high-quality components from bigger manu-
facturers such as Pratt and General Electric.
Also, aero-suppliers of all sizes must
adhere to strict federal requirements for
tracing the origin or source of tens of thou-
sands of parts, Rubin said. The costly trace-
ability requirement allows investigators to
trace the source, say, of defective compo-
nents identified in air disasters, he said.
"They're probably relieved that there's
growth," Rubin said. "But they're not putting on
second or third shifts or expanding their plants."
Events details
According to SME, this year's forum/expo
will draw attendees from 12 countries. Also
being introduced will be 85 new products
from 197 attending companies that, said SME
Executive Director Jeffrey Krause, represent
three "manufacturing verticals": aerospace,
defense and medical devices.
"These three verticals,'' Krause said,
"come together to showcase what has been
done in manufacturing technology and to
stir up more innovation. We're convening a
lot of knowledge and expertise in advanced
manufacturing.''
It, too, is an opportunity for manufacturing
professionals to network and to develop and
exchange ideas for solving shared challenges,
ranging from product life cycles, stringent reg-
ulations, mission-critical quality control, and a
continuing need to have access to advanced-
manufacturing technology, Krause said. n
Attendees examine a product at Hartford's "Mfg4" event in 2014.
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