Adam Adds To Production Team

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Adam Aircraft last week named Rob Penrod as its vice president of manufacturing, as it continues to add staff and resources in efforts to bring its two main designs -- the A500 piston twin and the A700 AdamJet -- to full certification and market. Penrod joins the Adam Aircraft team from Bell Helicopter where, as director of operations, he led more than 400 employees producing annual sales of $600 million, including efforts to transition the V-22 Osprey composite tiltrotor from development into full-rate production. According to Adam, Penrod's tenure at Bell included "cross-functional" oversight of manufacturing, tooling, industrial engineering and quality control. Prior to joining Bell Helicopter, Penrod spent 19 years with the Aerostructures Corporation of Nashville, Tenn., helping him to amass more than 27 years of experience in aerospace industry manufacturing, quality assurance, program management, marketing, inventory management and lean methodologies.

"Rob is an important addition to the Adam Aircraft team,” said CEO Rick Adam. “As Vice President of Manufacturing, Rob will spearhead our quest to achieve optimized production rates for the A500 and A700 aircraft as quickly and efficiently as possible." "The simplicity, intuitiveness, and commonality of the Adam A500 and A700 make these new aircraft a pleasure to build, and easy for both individuals and fleet customers to service and maintain," said Rob Penrod. "I look forward to supporting Craig Johnson and the team as we expand our manufacturing capacity at our facilities in Colorado and Utah." Adam says its largest outside investor is Goldman Sachs and that it presently has more than 550 employees spread between its headquarters in Englewood, Colo., and additional facilities in Pueblo, Colo., and Ogden, Utah.