Axial Vector Energy Corp. announced today that it has opened its Sales and Production Facility in Virginia Beach, Virginia, USA. The facility will allow the consolidation of new product developments, license transfers, USA government grants and loans, as well as a sales and demonstration office.

The Virginia Beach based engineers were successful in completing Axial’s multi-fuel workhorse engine and the company is confident they will produce similar results productionizing other engine programs. According to the press release, AVEC possesses large order books on all of these products which can generate tens of millions in revenue for the company starting in the fourth quarter of 2009.

The company chose Virginia over three other States for multiple reasons including competitive operating cost, quality work force, excellent education systems and a variety of State-sponsored business incentives. Some of these incentives include the Governor’s Opportunity Fund, the

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Axial Vector Energy Corp. is a global solutions provider delivering revolutionary technologies, including internal combustion engine and electric power generator technologies for military, industrial and commercial applications. The company recently announced the successful completion of its technology transfer in accordance with its acquisition of Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings.

The acquisition correlates with AVEC’s mission to become a leader in the international engine and energy markets, and, according to AVEC Chairman Ahmed Khalifa, signals the company’s intent to move forward with the licensing and production of its energy efficient products.

“Today marks a significant milestone in the history of Axial Vector. Through today’s technology transfer and acquisition of Adaptive Propulsion Systems, we believe we now have all the necessary pieces to ensure the broad based licensing and production capability of our engines, generators, gensets, electric motors and

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Axial Vector Energy Corporation announced tonight that it has successfully completed its technology transfer under development contracts with Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings. The company also announced that it has acquired 100% ownership of Adaptive Propulsion Systems LLC (APS) as part of its initiative to invest in energy efficient and environmentally friendly technology.

According to the press release, APS was acquired without liabilities, and it will be at the discretion of Tactronics to retain salaried employees or leased real estate property. Substantial assets acquired include: the proprietary developmental models, computer aided design (CAD) Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD) software applications for further development of AVEC engines and generators. It was noted in the news release that physical demonstrations of prototype engines and generators met or exceeded all goals at meetings last month in Virginia

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Goodrich raised full year guidance as sales rose 17% in the second quarter on the strength of equipment sales to the large commercial airplane market. The company has surprised on estimates the last 4 quarters by an average of 20.18%. Goodrich has a forward P/E of 9.75.

Company Description

Goodrich Corporation (GR) manufactures products for the aerospace, defense and homeland security markets, including landing gear, engine control systems, sensors and safety systems.. The company operates 90 facilities in 16 countries.

The company has been landing new contracts. On Aug 18, Goodrich announced it would be providing a landing gear system for the Cessna Model 850 citation Columbus large cabin intercontinental business jet. While Goodrich has supplied Cessna with wheels and brakes in the past, this was the first sale of landing gear to Cessna.

Sales Jump 17% in the Second Quarter

On July 24, Goodrich reported second quarter

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Goodrich raised full year guidance as sales rose 17% in the second quarter on the strength of equipment sales to the large commercial airplane market. The company has surprised on estimates the last 4 quarters by an average of 20.18%. Goodrich has a forward P/E of 9.75.

Company Description

Goodrich Corporation (

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