15 March 2017

BIG Military Contracts Go Boing for Lynn Tilton + MD Helos

Admittedly, your MesaZona blogger finds it hard to describe Patriarch Partners Dominatrix WonderWoman  Biz Exec Extraordinaire Lynn Tilton . . . Good news and bad news. After a recent setback in February under her 6-year scrutiny by the SEC, she was all-out last week @ HeliExpo 2017 as The Diva of Distressed Debt in a public relations-blitz, looking for a little love in military contract awards
MD Helicopters Touts Rotorcraft Developments
Curt Epstein March 2017

In what is described as a cost-cutting measure, MD Helicopters has taken strides to bring more production in-house, including the single-engine fuselages, construction of which was formerly split between Monterey, Mexico, and Mesa, Arizona. GOOD NEWS FOR MESA
All fuselage production has now been returned to Mesa.
Tilton claimed that each part manufactured in-house results in savings of 35%, which could be reflected in the helicopters' bottom lines.
The company will also soon be bringing training in house, offering specialized programs for police, rescue, military tactical, weapons, night vision goggles, and specialized mechanic training both on premises in Arizona and deliverable on-site.

The company was able to embrace new technology research and development that comes with certifying military aircraft and reinvest into new programs that enabled it to develop programs such as the 6XX single-engine helicopter.

Tilton said her connections to the automotive industry were helping to streamline the development of some of the new technologies in the aircraft. “You can’t be in the [automotive] industry if you’re not building an autonomous vehicle,” she said. “We’ve been able to bring a lot of that technology to the aerospace industry. The cocoon technology that we’re building right now, which is an incredible safety feature, is all done with automotive technology.”                    In terms of its projected performance, Tilton said the MD 6XX will have a 5,500-pound (2,500-kilogram) maximum gross takeoff weight; a 3,200-pound (1,450-kilogram) useful load; a 500 nautical mile range; a cruise speed of 140 knots with a maximum of 160 knots; and a 20,000-foot ceiling. Tilton said the MD is aiming to have the aircraft available on the market by the end of 2018, but didn’t set a certification timeline for the civilian version.





Zohar CLO Funds Target Lynn Tilton in $1 Billion Lawsuit
Tilton-created funds accuse founder of ‘fraud, theft and mismanagement’
By Peg Brickley  The Wall Street Journal Updated Jan. 17, 2017 9:29 a.m. ET
 

Lynn Tilton is hoping for a little love from the Trump administration.
The private equity executive, known as the Diva of Distressed Debt, believes a Republican-led Securities and Exchange Commission will be more reasonable and end her nearly two-year regulatory nightmare.
Lynn Tilton concludes her podcast series, 7 Years A Target discussing her own fight for the truth to be told.

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