Advanced Airfoil Components is a joint venture between Siemens and Chromalloy.
We support manufacturing and production of components that maximize Siemens’ gas turbine performance. With innovative, high-technology manufacturing capabilities for gas turbine engines, AAC is able to reduce cost and bring products to the market faster.
Advanced Airfoil Components exclusively supplies Siemens castings components for gas turbines. This joint venture streamlines Siemens’ supply chain and ensures they have the most advanced technologies as they pursue performance gains for gas turbines, allowing Siemens to be more competitive.
Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 351,000 employees in 190 countries, Siemens reported worldwide revenue of $88.1 billion in fiscal 2016. Siemens in the USA reported revenue of $23.7 billion, including $5.4 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.
Chromalloy has expanded from a gas turbine parts repair business into an OEM supplier of production parts and advanced repairs and services for gas turbines used in aviation and land-based applications. Chromalloy serves the airline, military, marine and energy segments with a broad range of services at locations around the globe. Chromalloy is authorized by the FAA and EASA and many other NAAs and is qualified under ISO and NADCAP. Chromalloy is a subsidiary of Sequa Corporation.
OUR VISION IS TO BE THE MOST AGILE, INNOVATIVE AND DEPENDABLE TURBINE AIRFOIL MANUFACTURING BUSINESS.
Our core values are the foundation of our company.
Kevin Updegrove, CEO
Kevin Updegrove is the Chief Executive Officer of Advanced Airfoil Components. He has held this position since January 2017. Mr. Updegrove worked for Chromalloy in various Senior Management positions for 23 years. Additionally, he worked for Pratt Whitney, GE, Honeywell and Delco in multiple Engineering roles for over 10 years.
Mr. Updegrove completed both his Undergraduate (Materials Engineering) and Master’s (Metallurgical Engineering) Degrees from Rensselaer Polytechnic Institute in Troy, NY.
Jochen Koepf, CFO
Jochen Koepf is the Chief Financial Officer of Advanced Airfoil Components. Mr. Koepf has worked for Siemens in various positions for more than 18 years and has extensive experience in Mergers & Acquisitions, corporate finance and project management with a comprehensive background in controlling and financial risk management.
Mr. Koepf holds a Joint Master’s Degree in Business Administration and Electrical Engineering from the Technical University of Darmstadt, Germany.