MRO & Manufacturing
Velocity One Acquires Kaney Aerospace to Expand Aerospace Capabilities
Velocity One completes acquisition of Kaney Aerospace, enhancing its aerospace portfolio with electromechanical actuation and growth in Advanced Air Mobility.

This article is based on an official press release from Velocity One.
Velocity One Expands Aerospace Platform with Acquisitions of Kaney Aerospace
On February 24, 2026, Velocity One announced the completion of its acquisition of Kaney Aerospace, a Rockford, Illinois-based provider of high-performance engineering and Manufacturing solutions. Backed by private equity firm Charlesbank Capital Partners, Velocity One is utilizing this transaction to integrate Kaney’s specialized capabilities in electromechanical actuation and motion control into its broader aerospace and defense portfolio.
According to the company’s official statement, this acquisition represents a strategic effort to diversify Velocity One’s technical offerings. By bringing Kaney Aerospace into the fold, the platform aims to strengthen its position as a comprehensive provider of mission-critical subsystems for the aerospace, defense, and medical markets. The deal specifically targets growth opportunities in the emerging Advanced Air Mobility (AAM) sector, where Kaney has established early adoption of its servo and autopilot technologies.
Strategic Rationale and Deal Structure
The acquisition aligns with Velocity One’s Strategy to aggregate specialized Tier 2 and Tier 3 manufacturers into a unified platform. Kaney Aerospace joins three existing operating units within the Velocity One structure, Cartridge Actuated Devices (CAD), EMCORE Corporation, and Aerosphere Power.
In the press release, the company highlighted that Kaney’s expertise in motion control fills a specific gap in the platform’s existing capabilities, which previously focused on energetic devices, inertial navigation, and power electronics. The transaction was supported by RBC Capital Markets, acting as the sell-side financial advisor for Kaney, and Foley & Lardner LLP, which served as legal counsel for Velocity One.
Leadership Commentary
Executives from both organizations emphasized the complementary nature of the merger. John Borduin, CEO of Velocity One, stated that the move is a critical step in building a scaled, differentiated platform.
“The addition of Kaney Aerospace marks an important step in our strategy to build Velocity One into a scaled, differentiated aerospace and defense platform. Kaney brings deep technical experience, longstanding customer relationships, and a strong track record in highly engineered actuation and power solutions.”
John Borduin, CEO of Velocity One
Jeffrey J. Kaney, Sr., CEO of Kaney Aerospace, noted that the financial backing from Velocity One would accelerate research and development efforts.
“Velocity One’s financial backing and leadership strengthen our ability to fund breakthrough R&D and advance higher-performance products that meet the evolving needs of aerospace and defense customers.”
Jeffrey J. Kaney, Sr., CEO of Kaney Aerospace
Company Profiles and Market Focus
Velocity One
Headquartered in Hoboken, New Jersey, Velocity One operates as a holding company designed to acquire and grow specialized aerospace businesses. Its portfolio includes:
- EMCORE Corporation: A provider of inertial navigation systems, acquired in March 2025.
- Cartridge Actuated Devices (CAD): A manufacturer of energetic and pyrotechnic devices.
- Aerosphere Power: A specialist in aircraft power electronics.
Kaney Aerospace
Kaney Aerospace operates out of Rockford, Illinois, and maintains a diverse portfolio of engineering services and manufacturing capabilities. The company’s core competencies include autopilot actuation systems, cockpit instrumentation, and “Iron Bird” test rigs for system integration. Additionally, Kaney operates an FAA Part 145 and EASA-certified repair station.
Beyond traditional aerospace and defense, Kaney has diversified into the medical device market, providing precision gearing for surgical tools. This diversification offers a revenue stream that is distinct from the cyclical commercial aviation market.
AirPro News Analysis
Consolidation in the Supply Chain
This acquisition reflects a continuing trend in the aerospace supply chain where private equity-backed platforms aggregate specialized manufacturers. By combining distinct but complementary entities like EMCORE, CAD, and now Kaney, Velocity One can potentially lower overhead costs and increase bargaining power with prime contractors such as Boeing and Lockheed Martin.
The Shift to Electrification
The inclusion of Kaney Aerospace positions Velocity One to capitalize on the industry’s “More Electric Aircraft” (MEA) initiative. Kaney’s focus on electromechanical actuation, technology that replaces traditional heavy hydraulic systems, is critical for the development of electric vertical takeoff and landing (eVTOL) vehicles. As the Advanced Air Mobility (AAM) sector matures, demand for lightweight, high-reliability electric servos and actuators is expected to rise, validating the strategic logic behind this acquisition.
Photo Credit: Montage
MRO & Manufacturing
Japan Airlines Builds Automated Landing Gear MRO Facility
JAL breaks ground on a consolidated landing gear maintenance facility at Haneda, due for completion in December 2027.

Japan Airlines (JAL) has established a new real estate holding subsidiary and commenced construction on a consolidated landing gear maintenance facility at the Haneda Airport Maintenance District in Tokyo.
The new subsidiary, Landing gear Innovation Factory Co., Ltd. (LIF), was officially formed on June 8, 2026, following the start of factory construction on May 19, 2026. According to a company press release, the facility is scheduled for completion by the end of December 2027 and will introduce automated systems previously unseen in Japan.
Consolidating maintenance operations
JAL has performed landing gear maintenance on large Commercial-Aircraft for 50 years. The new Haneda facility will centralize operations that are currently distributed across multiple locations, creating a core base to meet global maintenance demand.
Large-scale landing gear overhauls require the complete removal of the gear from the airframe and occur approximately every 10 years. The Airlines described the components as the “legs” of the aircraft, noting their critical role in supporting the airframe during takeoff, landing, and taxiing.
Technological upgrades and environmental focus
The upcoming factory will incorporate labor-saving technologies and Automation equipment. JAL stated these systems will be the first of their kind implemented in Japan, aimed at improving overall productivity and modernizing the maintenance workflow.
Beyond operational efficiency, the facility is designed to reduce Environmental-Impact and facilitate the transfer of technical skills to a new generation of aviation maintenance technicians.
AirPro News analysis
We view JAL’s Investments in a dedicated, automated landing gear facility as a strategic move to capture a larger share of the heavy MRO market in the Asia-Pacific region. By spinning off the real estate holding into a dedicated subsidiary, JAL may be positioning its maintenance, repair, and overhaul (MRO) operations for greater financial flexibility. The emphasis on automation also reflects broader industry efforts to mitigate skilled labor shortages in aviation maintenance.
Sources: Japan Airlines
Photo Credit: Japan Airlines
MRO & Manufacturing
Daher Group Appoints Michel Denis as New CEO in 2026
Daher Group names Michel Denis as CEO effective July 1, 2026, pairing his industrial background with Aymeric Daher’s aerospace expertise.

Daher Group’s Board of Directors has appointed Michel Denis as the company’s new Chief Executive Officer, effective July 1, 2026, finalizing a leadership restructuring initiated late last year.
The June 8, 2026, announcement concludes a search that began when former Chief Executive Officer Didier Kayat stepped down on March 31, 2026, after a 20-year tenure with the French aerospace manufacturers and logistics provider. According to a company press release, Denis will work alongside Executive Deputy CEO Aymeric Daher and Chairman Thibault Scaramanga to lead the family-owned enterprise.
Executive transition and new leadership structure
The appointment of the 61-year-old Denis completes a governance evolution defined by Daher Group in October 2025. Following Kayat’s departure in March, Scaramanga assumed the role of Interim Chief Executive Officer while the board sought an external candidate to bring a fresh perspective to the executive committee.
Denis brings extensive industrial management experience, having spent more than 12 years leading the Manitou Group, where he oversaw operations generating €2.7 billion in annual revenue. His background also includes leadership roles at Fraikin Group, Johnson Controls, and Dalkia.
Scaramanga stated that Denis brings top-tier industrial expertise to the company, specifically in leading corporate transformations and managing stakeholders within a family-owned business structure.
Strategic pairing for aerospace growth
The new governance model pairs Denis’s broad industrial and corporate transformation background with Aymeric Daher’s specialized aerospace knowledge. Daher Group, which manufactures the TBM and Kodiak aircraft lines, reported €1.9 billion in revenue for 2025 and employs 14,500 people globally.
The board designed this dual-leadership approach to support the company’s long-term development across its manufacturing and logistics divisions.
“Together with Aymeric Daher, whose knowledge of the aerospace ecosystem is unparalleled, they will form a complementary and ambitious leadership team dedicated to the Group’s development – today and for the future,” Scaramanga said in the release.
Denis acknowledged the appointment, citing the company’s global stature, family roots, and leading market position as remarkable strengths. He will officially assume his duties at the start of the third quarter.
AirPro News analysis
We view Daher’s decision to bring in an external Chief Executive Officer with heavy equipment and logistics experience as a calculated move to strengthen its industrial base. While Denis lacks a direct aerospace manufacturing background, pairing him with Aymeric Daher ensures the company retains deep institutional knowledge of the aviation sector, particularly regarding the TBM and Kodiak programs. This structure allows the new chief executive to focus on scaling operations, supply chain resilience, and corporate transformation, while the Executive Deputy CEO manages the specific demands of the aerospace ecosystem.
Sources: Daher
Photo Credit: Daher – Montage
MRO & Manufacturing
Gulfstream Expands Apprenticeship Program to 550 Participants
Gulfstream welcomed 60+ high school graduates in June 2026, growing its apprentice roster to 550 across nine technical tracks.

Gulfstream Aerospace Corp. welcomed more than 60 high school graduates into its full-time apprenticeship program on June 5, 2026, drawing talent from 20 schools across eight counties in Georgia and South Carolina.
The expansion of the program, detailed in a company press release, reflects a broader strategy by the General Dynamics subsidiary to build a localized talent pipeline for highly skilled aviation manufacturing and maintenance roles.
Apprenticeship program expansion and retention
Over the past year, Gulfstream has grown its active apprentice roster from 120 to more than 550 participants. The company currently operates nine active apprenticeship tracks. Three of these programs were recently launched to address specific technical needs, covering cabinetry, aircraft maintenance, and nondestructive testing.
The retention rate for the initiative indicates strong conversion from training to long-term employment. According to the manufacturer, approximately 90% of promoted apprentices remain employed by Gulfstream. Mark Burns, president of Gulfstream Aerospace Corp., stated in the release that the continued investment in these programs is “essential to building a strong, agile workforce for the future.”
Infrastructure and community investment
The new class of apprentices will train at the Savannah Technical Training Center (TTC) in Savannah, Georgia. Gulfstream opened the TTC in 2015, and the facility currently features 23 dedicated training spaces.
The June 5 intake follows a related funding announcement made on May 1, 2026. Gulfstream committed a $5 million annual investment in Georgia education for 2026, directing funds toward local K-12 schools, technical colleges, and state universities.
“We are also committed to investing in the communities where our employees live and work and are pleased to welcome another group of promising graduates to Gulfstream as they begin their long-term, fulfilling careers in aviation,” Burns said.
AirPro News analysis
As aerospace manufacturers face persistent shortages of skilled labor, Gulfstream’s aggressive expansion of its apprenticeship program demonstrates a proactive approach to workforce stabilization. By recruiting directly from local high schools and investing heavily in regional education infrastructure, we view Gulfstream as effectively insulating its production lines from broader industry talent constraints. The addition of specialized tracks like nondestructive testing and aircraft maintenance directly targets some of the most difficult-to-fill roles in modern aviation manufacturing and aftermarket support.
Sources: Gulfstream Aerospace Corp.
Photo Credit: Gulfstream Aerospace Corp.
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