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Great. TPAC might be 10x that sometime in 2016. Looking forward to acquisitions and POs next year if not before.
I guess I'm not getting anymore $.0003s and will have to up my BUY price a bit to get a few more shares before the new year.
And TPAC is in a Trillion$$$ industry. After several years of development, looks like TPAC is ready for both Acquisitions and POs. Looking forward to an update anytime in the next few weeks.
TPAC Acquisitions and POs on the horizon:
Dave ?@djrvp2 · Oct 17
@TPACbearings So you may find more opportunity in the C919 project than 68 part numbers that we would be ideally qualified for ?
TPAC Bearings ?@TPACbearings · Oct 17
@djrvp2 Yes. We are only reviewing 1 small section of the aircraft at this point. 1st flight should be 2016 with 1st deliveries in 2018
Dave ?@djrvp2 · Oct 17
@TPACbearings Can I also assume that you have other prospects/ projects that would result in more immediate revenues? Based on past tweets.
TPAC Bearings @TPACbearings 11:06 AM - 17 Oct 2015
?@djrvp2 Yes. That is a safe assumption. There are many others we are working on both inside and outside of China
TPAC Bearings ?@TPACbearings · Nov 9
@ChanteurDesigns We'll have a PR when we have substantive news. I'm still in USA working on 2 of our objectives & making sales calls
Perhaps TPAC acquisition news (w/revenue) will precede PO news. Either type of news will be good and move TPAC to the next level. Either of these may also be preceded by a general Shareholder update which can come at any time.
Half-Pennyland will come first!
TPAC Update as of November 9th: "I'm still in USA working on 2 of our objectives & making sales calls."
My prediction is an UPDATE PR within the next 6-7 weeks leading into the new year.
No worries! I predict NEWS/PR/UPDATE sometime in the next 6-7 weeks leading into the new year.
As Bill did say on NOV 9th: "I'm still in USA working on 2 of our objectives & making sales calls."
GREEN Finish for the Week (+50%). Now I understand. Yes, it was a good week. Perhaps the pending NEWS will move TPAC up 50%/week for the next few weeks.
I don't see a GREEN finish?
Is TPAC headed back to $.0007 today?
517 COMAC C919s on order. Time for TPAC to step up to the plate and hit a home run!
COMAC C919 on display. TPAC working on becoming a supplier for COMAC airplanes. 517 C919s on order in China. Good for TPAC business in the not too distant future.
http://news.yahoo.com/china-unveils-jetliner-bid-compete-boeing-airbus-052152396.html
Confirmed TPAC DoD CAGE Code is active......https://www.logisticsinformationservice.dla.mil/BINCS/details.aspx
What is his handle/alias on IHUB? I would like to review his posts. TIA
Give TPAC 2-3 more months and if you still think they are a farce, then jump off the ship. I think they did a lot over the summer to clear up some issues, but understand the skeptics who say they have done nothing for years.
I'll admit I haven't been to China to confirm they have a manufacturing facility in person, but if you believe they do, and you believe Greg Archer is on the TPAC BOD, and you believe that he worked for NG for 24 years, and you believe NG just got a huge contract, and you believe Bill is working on POs and JVs and acquisitions then you will stick around for the fireworks. I think we will know and see a lot more within 2-3 months.
In January 2016 I'll let you know if I'm still a believer or not. In the meantime I'm accumulating down here in the 0003-0005 range.
Greg Archer TPAC BOD........https://www.linkedin.com/pub/greg-archer/41/b02/704
TPAC BOD connected to Northrup Grumman.....
Greg Archer, Director
Mr. Archer has over 24 years of aerospace industry experience as an executive with Northrop Grumman Corporation. From December 2002 through March 2010, he served as director of procurement / global supply chain for the Aerospace Systems sector of Northrup Grumman. Mr. Archer was responsible for the procurement of goods and services valued in excess of one billion dollars and some thirty million parts across multiple programs and platforms. In his role as the executive for procurement / global supply chain, he developed and deployed a purchasing model that was responsive to program needs across the sector. He was the Chief Procurement Officer for the sector and directed an organization made up of professional buyers responsible for a wide range of products and services. In addition to his procurement responsibilities, he was also responsible for commodity engineering, managing supplier technical solutions across all programs leading an organization made up of engineering professionals from the disciplines of manufacturing engineering, industrial engineering and electrical engineering. Prior to his position as the director of procurement, Mr. Archer held leadership positions in international procurement and production, business management, subcontracts, program management and government compliance. He spent several years supporting company litigation and dispute resolution and was member of a company executive board of reviewers. He is a graduate of California State Polytechnic State University at Pomona.
Jason Arnold, Director
Mr. Arnold has over 25 years of experience in the aerospace manufacturing industry, regularly conducting business with such companies as Airbus, Boeing, Lockheed Martin and Northrop Grumman. At Arnold Engineering, he developed a growth strategy that increased sales from $500k to over $30 million annually, providing customers with world class machined and assembled aero structures for both the commercial and defense markets. Mr. Arnold orchestrated the successful sale of Arnold Engineering in 2009 to a Private Equity firm. He currently is an active Chairman for aircraft manufacturing organization as well as a Trans- Pacific Board Member.
Kevin Gould, Director
Mr. Gould has over 25 years of management experience in aerospace, manufacturing and law. Most recently he served as President and CEO of Piper Aircraft, Inc. During his tenure, the company doubled its market share, outsourced its spare parts distribution, beat its competition to market with the highly successful PiperSport, overhauled and globalized its sales and distribution channel, initiated social networking marketing programs and re-launched development of its PiperJet aircraft. Previously Mr. Gould served as VP of Operations at Piper during which time he reorganized its manufacturing operations, increased on-time deliveries from less than 50% to 99%, reduced labor costs 15%, decreased material costs 5%, lowered overhead by 10%, cut cycle times 50% (resulting in millions of dollars of working capital reductions), and improved quality by 50%. He was also a member of the executive team that turned around and sold Piper to a foreign sovereign wealth fund. Prior to joining Piper, Mr. Gould was VP of Operations at startup aircraft manufacturer Adam Aircraft. There he set up production operations for the company’s carbon fiber piston and jet airplanes. Earlier, he spent 12 years at Boeing in a variety of leadership roles including manufacturing, supply chain, engineering, program management, finance and facilities expansions. Prior to that, Mr. Gould spent three years as an attorney at a major Los Angeles law firm, practicing business and real estate law. He holds an MBA from Harvard University, a MS in management from Stanford University’s Sloan program, a JD from University of Southern California and a BA from Washington State University. He is an instrument rated pilot.
That's your opinion. We'll know a lot more by the new year!
How do you know that? Doesn't TPAC have NAVAIR approval and isn't such approval required for USAF aircraft parts? TPAC has great potential to become a supplier of NAVAIR approved bearings within the supply chain so I disagree with your "zero" statement. TPAC is in the aerospace parts manufacturing industry and Northrup is now gearing up to build $80 Billion worth of aircraft.
Northrup Grumman wins $80 Billion USAF Stealth Bomber Contract...
http://www.ft.com/cms/s/0/1cac6286-7cef-11e5-a1fe-567b37f80b64.html#axzz3ppJofEzL
I assume TPAC Management is well aware of this announcement today. While Boeing did not get the contract, they may be interested in acquiring Northrup's aircraft business. Either way, TPAC is in the right place at the right time!
Don't forget that TPAC has a stellar BOD who have connections to both Northrup and Boeing:
Greg Archer, Director
Mr. Archer has over 24 years of aerospace industry experience as an executive with Northrop Grumman Corporation. From December 2002 through March 2010, he served as director of procurement / global supply chain for the Aerospace Systems sector of Northrup Grumman. Mr. Archer was responsible for the procurement of goods and services valued in excess of one billion dollars and some thirty million parts across multiple programs and platforms. In his role as the executive for procurement / global supply chain, he developed and deployed a purchasing model that was responsive to program needs across the sector. He was the Chief Procurement Officer for the sector and directed an organization made up of professional buyers responsible for a wide range of products and services. In addition to his procurement responsibilities, he was also responsible for commodity engineering, managing supplier technical solutions across all programs leading an organization made up of engineering professionals from the disciplines of manufacturing engineering, industrial engineering and electrical engineering. Prior to his position as the director of procurement, Mr. Archer held leadership positions in international procurement and production, business management, subcontracts, program management and government compliance. He spent several years supporting company litigation and dispute resolution and was member of a company executive board of reviewers. He is a graduate of California State Polytechnic State University at Pomona.
Jason Arnold, Director
Mr. Arnold has over 25 years of experience in the aerospace manufacturing industry, regularly conducting business with such companies as Airbus, Boeing, Lockheed Martin and Northrop Grumman. At Arnold Engineering, he developed a growth strategy that increased sales from $500k to over $30 million annually, providing customers with world class machined and assembled aero structures for both the commercial and defense markets. Mr. Arnold orchestrated the successful sale of Arnold Engineering in 2009 to a Private Equity firm. He currently is an active Chairman for aircraft manufacturing organization as well as a Trans- Pacific Board Member.
Kevin Gould, Director
Mr. Gould has over 25 years of management experience in aerospace, manufacturing and law. Most recently he served as President and CEO of Piper Aircraft, Inc. During his tenure, the company doubled its market share, outsourced its spare parts distribution, beat its competition to market with the highly successful PiperSport, overhauled and globalized its sales and distribution channel, initiated social networking marketing programs and re-launched development of its PiperJet aircraft. Previously Mr. Gould served as VP of Operations at Piper during which time he reorganized its manufacturing operations, increased on-time deliveries from less than 50% to 99%, reduced labor costs 15%, decreased material costs 5%, lowered overhead by 10%, cut cycle times 50% (resulting in millions of dollars of working capital reductions), and improved quality by 50%. He was also a member of the executive team that turned around and sold Piper to a foreign sovereign wealth fund. Prior to joining Piper, Mr. Gould was VP of Operations at startup aircraft manufacturer Adam Aircraft. There he set up production operations for the company’s carbon fiber piston and jet airplanes. Earlier, he spent 12 years at Boeing in a variety of leadership roles including manufacturing, supply chain, engineering, program management, finance and facilities expansions. Prior to that, Mr. Gould spent three years as an attorney at a major Los Angeles law firm, practicing business and real estate law. He holds an MBA from Harvard University, a MS in management from Stanford University’s Sloan program, a JD from University of Southern California and a BA from Washington State University. He is an instrument rated pilot.
COMAC has so far secured 514 commitments for the in-development C919 aircraft from 21 customers, most of which are domestic airlines and leasing firms.
Last Updated (Beijing Time):2015-10-26
China's first home-made C919 prototype aircraft will officially roll off the final assembly line at COMAC's Shanghai factory on November 2 and show to the world, people familiar with the plan said Wednesday in Nanjing.
Last Updated (Beijing Time):2015-10-26
TPAC working on POs with COMAC and others........
TPAC Bearings ?@TPACbearings · Oct 16
To date we've seen 68 parts that COMAC needs that we are the only Chinese company qualified to produce. We continue to review other part #s
Dave ?@djrvp2 · Oct 17
@TPACbearings Good Information 6. With these parts identified, what would be a good estimate of the revenue per aircraft that Comac is mfg.
TPAC Bearings ?@TPACbearings · Oct 17
@djrvp2 This is a new program C919. We want on now for future full-scale production. Also this is only one aircraft section not entire plane
Dave ?@djrvp2 · Oct 17
@TPACbearings So you may find more opportunity in the C919 project than 68 part numbers that we would be ideally qualified for ?
TPAC Bearings ?@TPACbearings · Oct 17
@djrvp2 Yes. We are only reviewing 1 small section of the aircraft at this point. 1st flight should be 2016 with 1st deliveries in 2018
Dave ?@djrvp2 · Oct 17
@TPACbearings Can I also assume that you have other prospects/ projects that would result in more immediate revenues? Based on past tweets.
TPAC Bearings @TPACbearings 11:06 AM - 17 Oct 2015
?@djrvp2 Yes. That is a safe assumption. There are many others we are working on both inside and outside of China
OK, but I'm still BUYING. I also like your video clip!
I agree, but I probably haven't been here as long as you so I have more patience.
The main thing I see happening that is making sense is that COMAC has had multiple delays and now they appear to be getting closer with additional funding and a new facility. This just happens to correspond with TPAC's increased activity in China after several years of preparation (include the lengthy NAVAIR cert process). I think this is what makes TPAC look like they are also on the cusp of "getting something done."
Yet! As I've said, likely something will come over the next couple of months. Time to BUY!
You are welcome! Just saying TPAC is working in China to secure POs for supplying parts for COMAC airplanes starting with the C919!
TPAC working with COMAC.....
We've been asked to supply product capabilities for Boeing, COMAC & other aircraft. These requests have come both from OEMs & subcontractors.
Source: TPAC Bearings ?@TPACbearings Sep 30
We've supplied the info & are working on possible purchase orders with these end users. I will not now disclose the customers nor other info.
Source: TPAC Bearings ?@TPACbearings Sep 30
To date we've seen 68 parts that COMAC needs that we are the only Chinese company qualified to produce. We continue to review other part #s
Source: TPAC Bearings ?@TPACbearings · Oct 16
I didn't say TPAC had a COMAC PO, I said they were working on one.
Closer to 430 C919 Pre-Orders so far from what I've read.
Of course they have announced delays with first deliveries now planned for 2018.
Needless to say, TPAC is working on a supply contract now so that they can supply parts for 430+ C919s in the coming years.
Exact timeline on the C929 and C939 is not yet out, but looks like 2020 is target for first of these larger airplanes (300-400 seats).
C929 and C939 starting in 2020.
COMAC is already planning a C929 and C939 to follow the C919.
TPAC business prospects in China are immense and for many years to come.
COMAC and TPAC money coming from.....
http://english.comac.cc/news/mc/201510/14/t20151014_2948628.shtml
COMAC has a new manufacturing facility in China and a new source of funding in OCT 2015.
TPAC has a new manufacturing facility in China in OCT 2015. It is crystal clear that TPAC is working to get a supplier contract/PO from COMAC and is in the right place at the right time.
They won't sell me any $0003s. I'll try again tomorrow. Just want a few more so I can relax for the holidays!
COMAC's C919 may be closer than you think: http://english.comac.cc/news/latest/201510/10/t20151010_2930700.shtml
TPAC has set up shop in COMAC's back yard.
TPAC is tracking closely with COMAC which is getting ready to build a lot of commercial aircraft in China. COMAC wants to bring China-made aircraft to the forefront and looks like TPAC will help as a manufacturer and supplier of bearings.
The potential is huge when you combine this with Boeing.
Buy some .0003-.0004s, then sit back and relax.
Agree. TPAC and COMAC. Boeing also nearby with their new plane completion facility in China.
To date we've seen 68 parts that COMAC needs that we are the only Chinese company qualified to produce. We continue to review other part #s
Source: TPAC Bearings ?@TPACbearings · Oct 16
Commercial Aircraft Corporation of China, Ltd. (COMAC) is a state-owned limited liability company, which is formed with the approval of the State Council and jointly invested by State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, Shanghai Guo Sheng (Group) Co., Ltd., Aviation Industry Corporation of China (AVIC), Aluminum Corporation of China Limited (CHALCO), Baosteel Group Corporation, and Sinochem Corporation. COMAC was held on May 11th, 2008, and headquartered in Shanghai. Mr. Jin Zhuanglong serves as Chairman and Secretary of the Party Committee of COMAC, and Mr. He Dongfeng as President.
COMAC functions as the main vehicle in implementing large passenger aircraft programs in China. It is also mandated with the overall planning of developing trunk liner and regional jet programs and realizing the industrialization of civil aircraft in China. COMAC is engaged in the research, manufacture and flight tests of civil aircraft and related products, as well as marketing, servicing, leasing and operations of civil aircraft. The company has nine member organizations: Design, Research and Development Center of COMAC (Shanghai Aircraft Design & Research Institute), Manufacturing and Final Assembly Center of COMAC(Shanghai Aircraft Manufacturing Co Ltd.), Customer Service Center of COMAC (Shanghai Aircraft Customer Service Co., Ltd. ), Beijing Research Center of COMAC (Beijing Aeronautical Science & Technology Research Institute), Civil Aircraft Flight Test Center of COMAC, Capability & Supporting Center of COMAC (Shanghai Aviation Industrial (Group) Co., Ltd.), News Center of COMAC (Shanghai Commercial Aircraft Magazine Co., Ltd.), COMAC Sicuan Branch (In Preparation), and COMAC America Corporation. COMAC has also had its Beijing Office, U. S. Office and European Office in Beijing, Los Angeles and Paris respectively, and set up a Financial Service Center in Shanghai. COMAC is a shareholder of Chengdu Airlines Co., Ltd. and SPDB Financial Leasing Co., Ltd.
COMAC is formed and operated according to the standards of modern enterprise system, and adopts an "airframer-suppliers" model, focusing on aircraft design, final assembly and manufacture of aircraft, marketing and customer service, acquisition of certification, and supplier management. COMAC adheres to the principle of "development with Chinese characteristics" and attaches great importance to technological progress and self-reliant advancement in the process of marketing, integration, industrialization and globalization. The company endeavors to manufacture large passenger aircraft that are safer, cost-effective, comfortable and environment-friendly. COMAC is determined to independently build large Chinese passenger aircraft that will soon be soaring through the blue skies.
Mission: To let China-made large aircraft fly in the blue sky.
Large passenger aircraft is the embodiment of the nation’s industrial and technological standing as well as the comprehensive power, and is praised as "the flower of modern industry" and "a pearl in modern manufacturing industry". In order to realize the century dream of flying in the sky and the strategy of the nation, COMAC is established, therefore, COMAC bears the nation's dream and people's trust. Summoned and inspired by the sacred mission of "letting China-made large aircraft fly in the blue sky", all COMAC staff merge their life pursuits and value goals into the unremitting efforts for large passenger aircraft programs, tackle difficult problems, strive for success, and resolutely follow the road of civil aircraft development with Chinese characteristics and embodying technical progress in order to achieve the success of research, development and commerce of large passenger aircraft programs, drive economic, science and technology development of China, and make the aviation industry of China move up to a higher level.
Vision: To deliver safer, cost-effective, comfortable and environment-friendly civil aircraft.
Modern large passenger aircraft opens the human civilization of flying and becomes the most efficient means of transportation. As a member in the big family of world civil aircraft, COMAC will work together with customers and cooperative partners to deliver safer, cost-effective, comfortable and environment-friendly civil aircraft, help more people benefit from the achievements of aviation science and technology, make human enter a new era with higher safety and lower risk in flight, i.e. a new era of "harmonious coexistence of men and blue sky", build a bridge for human friendship, civilization and progress, and promote sustainable development of the world.
Objectives: To build the large aircraft program into a symbol for the reform and opening up policy in the new era and for creating an innovative nation, and to build COMAC into a world-class aviation enterprise ("Two Builds").
Researching and developing large passenger aircraft is a significant strategic decision to build an innovative country, improve our independent innovation capability and enhance our core competitiveness. COMAC will resolutely follow the road of independent innovation with Chinese characteristics and embodying technical progress to implement innovation in system, mechanism, technology and management, insist on the development strategy of marketization, integration, industrialization and internationalization to develop trunk liners and regional jets with independent intellectual property rights and achieve the success of research, development and commerce of programs, improve the manufacturing capability and management level of aviation industry in China to drive the significant development of corresponding basic subjects in China, promote the group breakthrough of key technology in relative fields in China to accelerate the formation of civil aircraft industrial chain and industrial cluster in China, and play a comprehensively driving function and a typically demonstrating effect in the construction of innovative country to become a world-class civil aircraft manufacturer.