User:Joe407/Beit Shemesh Engines

Beit Shemesh Engines is an aerospace propulsion manufacturer, focusing on reconditioning of military and civilian engines, production of small engines for UAVs and drones, and engine parts manufacture by machining and/or casting.

History
The "Bet Shemesh Engines" was established in 1968 in Beit Shemesh by Joseph Szydlowski and Szydlowski's company Turbomeca. In 1981 the company was bought by the Israeli government, and became a government company.

In the 1980's, the main contractor company contracted for the manufacture and assembly of the PW1120 engine Pratt & Whitney for the aircraft Lavi. The company encountered financial difficulties and in 1984 Thames Holdings (a subsidiary of Pratt & Whitney) acquired 40% of the company.

In 1992 Ormat acquired 60% of the company from the State of Israel and in 1995 acquired the balance from Thames Holdings Corporation.

In 1997 the company has become the main supplier of aircraft engines, parts of the Israeli Air Force, the same year ran Ormat shares were Bet Shemesh Engines her new company called Beit Shemesh Engines Holdings to separate the activities of both companies. The new company was floated on a stock exchange in Tel Aviv and in - in 2005 was sold to Clal Industries and Investments granite Abner. By 2003 Beit Shemesh Engines acquired company in Serbia as "LIVNICA PRECIZNIH ODLIVAKA" and is a wholly owned subsidiary of Bet Shemesh Engines

1968-1981 Bet Shemesh Engines Ltd. was founded on 12 May 1968 as a joint venture by Turbomeca, a French company under the ownership of Mr. Joseph Szydlowsky and the State of Israel. From its foundation until 1997, BSEL’s main activity was in manufacture, design, research and development, overhaul, repair, assembly, upgrade and testing of turbo engines for jet engines and land based power turbines. Until 1981, Mr. Szydlowsky held the majority of BSEL’s shares. 1981 The State of Israel bought all the shares previously owned by Mr. Szydlowsky and BSEL became a state owned company until 1992. 1984-1995 Thames Holding, a subsidiary of UTC/PW bought 40% of BSEL’s shares from the State of Israel, which they in turn sold to Ormat in 1995. 1992 60% of BSEL's shares were bought by Ormat Industries Ltd. 1995 UTC/PW sold its 40% share in BSEL to Ormat, making Ormat the owner of BSEL (99.997%). 1997 BSEL was 99.997% owned by Bet Shemesh Holdings (1997) Ltd. and is traded on the Tel Aviv Stock Exchange. Since November 1997, the company’s main activities are the manufacture of parts for jet engines for the main engine manufacturers, reconditioning of jet engines for the Israel Air Force and other air forces, as well as civilian helicopter operators. The company also develops, manufactures and tests a series of small jet engines, from 150 lbs. 2004 BSEL has become a partner with MTU (through Risk Revenue) in the production of the PWC 307 engine that powers the Falcon 7A. 2005 The company’s main shareholder is Clal Industries & Investments Ltd., part of IDB Holdings.

Production
The company is a leader in the field. The company has production halls in machining, precision castings foundry using lost wax blades to turbine jet engines, refurbished halls and railway engines, laboratories for quality control and testing to destruction and lecturing facilities and testing of engines. Jet engines manufactured by Bet Shemesh Engines are used mainly in the IDF and used weapons such as the Missile Delilah.