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Airbus has unveiled the CityAirbus NextGen prototype, an electric vertical takeoff and landing designed for urban air mobility
Mar. 8, 2024 - The debut took place at the new CityAirbus test center in Donauwörth, part of Airbus' investment in Advanced Air Mobility, where tests for electric motors, flight controls, and avionics are underway ahead of the prototype's maiden flight later this year. (ASD News)
Mar. 8, 2024 - The debut took place at the new CityAirbus test center in Donauwörth, part of Airbus' investment in Advanced Air Mobility, where tests for electric motors, flight controls, and avionics are underway ahead of the prototype's maiden flight later this year. (ASD News)
The U.S. Missile Defense Agency will break a decades-long tradition by not providing a detailed view of its fiscal 2025 budget to the public
Mar. 8, 2024 - Heath Collins, the agency's director, announced that the Pentagon had instructed them not to conduct the usual briefing. The MDA faces a budget cycle focusing on modernization efforts, the development of a Next Generation Interceptor, Glide Phase Interceptor to counter emerging threats, such as intercontinental ballistic missiles and hypersonic missile attacks. (Defense News)
Mar. 8, 2024 - Heath Collins, the agency's director, announced that the Pentagon had instructed them not to conduct the usual briefing. The MDA faces a budget cycle focusing on modernization efforts, the development of a Next Generation Interceptor, Glide Phase Interceptor to counter emerging threats, such as intercontinental ballistic missiles and hypersonic missile attacks. (Defense News)
Public space company Astra, facing financial challenges and dismal performance will go private in a deal with co-founders Chris Kemp and Adam London
Mar. 7, 2024 - The board sees this agreement as "the only alternative" to filing for Chapter 7 bankruptcy, with Astra having recorded over $750 million in net losses since its 2021 public debut through a SPAC. The company's market value has plummeted to about $13 million from its $2.6 billion equity valuation at the time of going public. (CNBC)
Mar. 7, 2024 - The board sees this agreement as "the only alternative" to filing for Chapter 7 bankruptcy, with Astra having recorded over $750 million in net losses since its 2021 public debut through a SPAC. The company's market value has plummeted to about $13 million from its $2.6 billion equity valuation at the time of going public. (CNBC)
Safran Nacelles has successfully acquired 3D Metal Forming, a Dutch company enhancing the capability to produce components for nacelles and engines
Mar. 6, 2024 - The innovative HEHF process enables the manufacturing of high-quality, large parts with precision characteristics beyond current standards. The acquisition positions Safran Nacelles as a key player in aerospace technology. (Aerospace Manufacturing)
Dassault Aviation faced a nearly 31% decline in revenues for 2023, dropping to $5.2 billion primarily attributed to supply chain challenges
Mar. 6, 2024 - The company's Rafale fighter deliveries also slightly missed projections, with 13 units handed over in 2023. Despite ongoing supply chain concerns, Dassault is working to enhance control, support distressed suppliers, and advance its "Make in India" strategy, while expressing optimism for the upcoming Falcon 10X model and its defense orders. (AIN)
Mar. 6, 2024 - The company's Rafale fighter deliveries also slightly missed projections, with 13 units handed over in 2023. Despite ongoing supply chain concerns, Dassault is working to enhance control, support distressed suppliers, and advance its "Make in India" strategy, while expressing optimism for the upcoming Falcon 10X model and its defense orders. (AIN)
Boeing secured a $3.4 billion contract from the US Navy to produce 14 P-8A Poseidon aircraft for the Royal Canadian Air Force and the Germany Navy
Mar. 5, 2024 - Canada's decision to acquire the P- A Poseidon, replacing its CP-140 Auroras, is expected to generate over 3,000 jobs and contribute at least $358 million to Canada's GDP over a decade. (Aerospace Manufacturing)
Mar. 5, 2024 - Canada's decision to acquire the P- A Poseidon, replacing its CP-140 Auroras, is expected to generate over 3,000 jobs and contribute at least $358 million to Canada's GDP over a decade. (Aerospace Manufacturing)
Ethiopian Airlines has signed a Memorandum of Understanding for eight Boeing 777-9 widebody aircraft
Mar. 5, 2024 - The deal, in negotiation since the 2023 Dubai Air Show, is part of Ethiopian's expansion and fleet renewal plan, enabling the airline to reach high-demand markets in Africa, Asia, Europe, and North America. Boeing and Ethiopian continue to explore opportunities for the development of Ethiopia's aerospace industry. (Aviation Week)
Mar. 5, 2024 - The deal, in negotiation since the 2023 Dubai Air Show, is part of Ethiopian's expansion and fleet renewal plan, enabling the airline to reach high-demand markets in Africa, Asia, Europe, and North America. Boeing and Ethiopian continue to explore opportunities for the development of Ethiopia's aerospace industry. (Aviation Week)
