23 June 2002
23 June 2002
Hexcel Corporation has received approximately $11 million from Hercules Inc. in connection with a contract dispute arising out of the acquisition of Hercules' Composites Products Division in 1996.
The payment satisfies the judgment entered after Hercules had exhausted all appeals from a lower court decision in favor of Hexcel in the New York Courts.
Hexcel Corporation is the world's leading advanced structural materials company. It designs, manufactures and markets lightweight, high performance reinforcement products, composite materials and composite structures for use in commercial aerospace, space and defense, electronics, general industrial, and recreation applications.
The Middlesex production facility of Web Industries’ Aerospace market team has earned accreditation from Nadcap (the National Aerospace and Defense Contractors Accreditation Program) covering the facility’s composite cutting and kitting operations.
Group Rhodes, through its Rhodes Interform business, has developed a revolutionary new process that enables large monocoque components, particularly those produced by super plastic forming (SPF) from very thin material, to more accurately retain their shape on cooling.
The combination of MSP’s NC-Checker and NC-PerfectPart software with Renishaw’s leading probing technology, is delivering significant cost and time savings for Quickstep Technologies’ composite manufacturing processes.