Moog & ST Aerospace Collaborate on Industry’s First 3D Printing-enabled Total Digital Transaction using Blockchain Technology
East Aurora, NY— 7 February 2018 – Moog Inc. (Moog) and ST Aerospace Ltd. announced today that the two companies have agreed to work together to explore and develop capabilities for a smart digital supply chain that will power Industry 4.0 for the global aerospace sector.
Moog and ST Aerospace will collaborate on the 3D printing of aircraft parts to leverage Moog’s VeriPart® solution – a blockchain-enabled point-of-use, time-of-need digital supply chain solution – and ST Aerospace’s capabilities in 3D printing design, fabrication and certification. The collaboration aims to develop additive manufacturing technology with digital transaction capability to bring about greater efficiency and security in aftermarket services. The result will optimize supply chain improvements within military and commercial aerospace markets, while meeting trade compliance regulations.
Recently, Moog and ST Aerospace successfully conducted a trial to demonstrate the value of a total digital transaction. The demo involved the purchase and settlement of an aircraft part whereby ST Aerospace purchased a digital design from Moog and printed the part at its facility in Singapore. As part of the transaction, the settlement was instantaneously completed via a smart contract using blockchain technology. The transaction was processed by VeriPart which was enabled by Microsoft’s Azure Blockchain.
“The supply chain of the future will be built on a strong collaborative foundation of likeminded companies,” said George Small, Chief Technology Officer at Moog. “Our combined efforts will lay the groundwork for the redesign of global supply chains, creating new possibilities for our customers in the aerospace market and beyond.”
“We are pleased that ST Aerospace is able to provide strategic partnerships to Moog and other OEMs through our demonstrated ability to design, fabricate and certify 3D-printed parts using our network of 3D printers. Our comprehensive quality system and extensive global footprint will also come into play to help design a smart digital supply chain that benefits the industry,” said Mr Lim Serh Ghee, President of ST Aerospace.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at www.moog.com.
About ST Aerospace
ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering with revenue of S$2.49b in FY2016. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world’s largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and asset management services, including Total Aviation Support. ST Aerospace has a global staff strength of around 9,000 employees worldwide. Please visit www.stengg.com/en/aerospace for more information.
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