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Collins Aerospace to Support F-35 and CH-47F Fleets for Royal Netherlands Air Force

Craig Bries, vice president and general manager, Avionics Service and Support for Collins Aerospace and Lieutenant General J.D. Luyt, Commander of the Royal Netherlands Air Force, commemorated the collaboration at a signing ceremony earlier this year.
  • Collins Aerospace to establish first-of-its-kind F-35 pilot readiness center
  • Onsite field service engineers will reduce turnaround time for CH-47F fleet

CEDAR RAPIDS, Iowa (Aug. 19, 2019) – Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), will play an important role in maintaining the readiness of the Royal Netherlands Air Force (RNLAF) F-35 and CH-47F fleets by providing local field service engineers, test capabilities and the first F-35 global pilot readiness center. The company recently signed a multi-platform Letter of Intent with the RNLAF to provide support at both Soesterberg, and Woensdrecht Air Base, The Netherlands.

A highlight of the Letter of Intent is that it foresees a first-of-its-kind pilot readiness center that would provide on-location helmet fitting, flight simulators and altitude chamber training for F-35 pilots. In addition, Collins Aerospace intends to provide local field service engineers and test capabilities at the Woensdrecht Air Base to reduce turnaround time on CH-47Fs and maintain the RNLAF fleet’s readiness levels. Collins Aerospace has an unmatched level of expertise on both platforms as the original equipment manufacturer for the avionics suite of the CH-47F Chinook, and components in the F-35 Helmet and flight simulator.

“Collins Aerospace and the RNLAF are working toward a common goal of supporting the new F-35 pilot readiness center and maximizing the availability of CH-47F avionics,” said Craig Bries, vice president and general manager, Avionics Service and Support for Collins Aerospace. “Our legacy as an avionics leader makes us the perfect partner to help ensure these fleets are ready at a moment’s notice.”

Work to establish the pilot readiness center, and to place local support personnel, is slated to begin in early 2020.

Pioneer Railcorp Shareholders Approve Merger with BRX

PEORIA, Ill., July 19, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens”). The proposal to approve the merger agreement and the transactions contemplated thereby was approved with voting results as follows:

Under the terms of the merger agreement, BRX will acquire through merger all of the outstanding shares of Pioneer’s Class A common stock. Shareholders other than Heartland will receive $18.81 per share in cash and the Heartland shares will be cancelled without consideration.

Consummation of the merger remains subject to various closing conditions, including operating performance by Pioneer within a specified working capital floor and debt ceiling.  Subject to satisfaction of the closing conditions, the transaction is expected to close in late July 2019. Upon closing of the transaction, Pioneer will become a wholly-owned subsidiary of BRX and its Class A common stock will cease trading on the OTC Markets.

Arnold & Porter is acting as legal advisor to BRX in this transaction.  BMO Capital Markets is serving as exclusive financial advisor to Pioneer in connection with this transaction and Briggs and Morgan, P.A. is acting as Pioneer’s legal advisor.

About Pioneer
Pioneer Railcorp is the parent company of 15 short-line common carrier railroad operations, an equipment leasing company, two service companies and a contract services switching company.  Pioneer and its subsidiaries operate in the following states:  Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee.  For more information on Pioneer, please visit www.Pioneer-Railcorp.com

About Brookhaven
Brookhaven Rail Partners is an affiliate of Denver-based Brookhaven Capital Partners, a privately held, real estate and infrastructure investment and management firm.  Brookhaven and its principals have a 25-year track record of investing in, operating and developing critical transportation assets that support industry, and promote new economic development, community investment, and job creation.  For more information on Brookhaven, please visit www.BrookhavenPartners.com

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