EPCAL

Debrief: Happy landings with Daniel Preston

With the fate of Riverhead Town’s Enterprise Park at Calverton still very much in the air, Daniel Preston would like to throttle things back a bit. Half-truths and wild speculation have been part of the EPCAL story since Grumman pulled out a quarter-century ago, and CEO Preston’s Luminati Aerospace LLC, which is looking to purchase the storied property for $40 million and revive Long Island’s dormant aerospace industry, has not been spared: It’s already parted…


Aerospace is swell and all, but this is about land

By GREGORY ZELLER // Make no mistake: For Greek-American billionaire John Catsimatidis, this is a land deal, pure and simple. The owner of Gristedes Foods, the largest grocery chain in Manhattan, can issue press statements noting his “deep roots and interest in aviation,” as he did after word spread that United Refining Energy Corp. – one of several companies under the umbrella of Catsimatidis’ Red Apple Group – would back Luminati Aerospace LLC’s efforts to…


Plant 6 reopened, Luminati says it’s ready for takeoff

Long Island is taxiing back toward the forefront of aerospace manufacturing. One year after a ballyhooed test flight of its solar-powered VO Substrata solar-powered aircraft, Luminati Aerospace LLC held a grand reopening of sorts Friday, cutting the ribbon on Plant 6 at its Enterprise Park at Calverton facility – once a thriving manufacturing hub for Grumman Aerospace Corp. The ceremony included former NASA astronaut Terry Virts, Suffolk County Executive Steve Bellone, Riverhead Town Supervisor Sean…