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Boeing has acquired full ownership of its first manufacturing facility in Malaysia
Jan. 21, 2024 - Boeing acquired Aerospace Composites Malaysia Sdn Bhd by purchasing Hexcel Corp's shares in the joint venture. The move strengthens Boeing's presence in Southeast Asia, where its relationship with Malaysia Airlines dates back to 1972. (Business Times)
Kaman Corp. has agreed to be acquired by Arcline Investment Management, L.P. for approximately $1.8 billion in an all-cash transaction
Jan. 19, 2024 - Under the terms of the agreement, Kaman shareholders will receive $46.00 per share in cash, representing a premium of about 105% over the closing share price on January 18, 2024. The transaction is expected to close in the first half of 2024. (Arcline)
Airbus plans to double its procurement from India, increasing the total value of parts sourced to $1.5 billion in the coming years
Jan. 18, 2024 - With Indian carriers like IndiGo, Air India, and Alaska receiving deliveries of new planes, Airbus aims to boost the local aviation supply chain. This aligns with the significant growth in India, set to expand its fleet size to over 2,000 by 2030 from the current 700, with the government investing $12 billion in airport infrastructure. (Reuters)
Airbus solidified its position as the world's largest plane maker for the fifth consecutive year, surpassing Boeing in aircraft deliveries and orders in 2023
Jan. 17, 2024 - Boeing faces safety concerns and a PR crisis following the recent incident with its 737 Max 9, while Airbus gains ground in the aviation rivalry. Despite challenges, Airbus plans to increase production, indicating a shift in the industry's balance towards Airbus, with investors and customers perceiving it as more competent than Boeing. (NYT)
Jan. 17, 2024 - Boeing faces safety concerns and a PR crisis following the recent incident with its 737 Max 9, while Airbus gains ground in the aviation rivalry. Despite challenges, Airbus plans to increase production, indicating a shift in the industry's balance towards Airbus, with investors and customers perceiving it as more competent than Boeing. (NYT)
Canada has awarded Bell Textron Canada a $2.28 billion contract to sustain the Royal Canadian Air Force's fleet of CH-146 Griffon helicopters
Jan. 17, 2024 - The deal includes services such as component repair, overhaul, spares procurement, and heavy maintenance, aiming to extend the aircraft's life until at least the mid-2030s. The contract is set to commence in April and is expected to create or maintain 1,130 jobs primarily in provinces across Canada. (Flying Media)
The Space Development Agency has awarded a total of $2.5 billion to L3Harris, Lockheed Martin, and Sierra Space
Jan. 16, 2024 - $2.5B towards the development of 54 satellites for missile warning, tracking, and defense. The satellites, part of Tranche 2, will be evenly distributed among the three suppliers and include 48 for missile warning/missile tracking and six for missile defense. Tranche 2 is scheduled to launch no later than April 2027. (A&S Forces Magazine)
Boeing's 737 MAX jet deliveries to China face further delays
Jan. 15, 2024 - China Southern Airlines plans additional safety checks following the Alaska Airlines incident. The setback adds uncertainty to the already frozen deliveries, impacting Boeing's efforts to regain confidence in the Chinese market. This comes despite recent improvements in U.S.-China relations. (WSI)
