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Boeing's CEO search faced a setback when David Gitlin withdrew from consideration
Apr. 27, 2024 - Gitlin, a Boeing director since mid-2022 with extensive aerospace experience at United Technologies, was viewed favorably for his outsider status, relative youth at 54, and track record of success in growing Carrier Global's share price significantly since 2020, making him an ideal candidate favored by the Boeing board. (Fortune)
Apr. 27, 2024 - Gitlin, a Boeing director since mid-2022 with extensive aerospace experience at United Technologies, was viewed favorably for his outsider status, relative youth at 54, and track record of success in growing Carrier Global's share price significantly since 2020, making him an ideal candidate favored by the Boeing board. (Fortune)
Boeing reached an agreement to purchase a GKN Aerospace factory in Hazelwood, Missouri, which supplies crucial components for Boeing's F-15 and F/A-18 fighter jets
Apr. 26, 2024 - This deal will not only secure Boeing's access to these parts but also resolve ongoing litigation between the two companies. Boeing plans to hire 550 employees from GKN and intends to focus the facility's operations on supporting their fighter programs. (Breaking Defense)
Apr. 26, 2024 - This deal will not only secure Boeing's access to these parts but also resolve ongoing litigation between the two companies. Boeing plans to hire 550 employees from GKN and intends to focus the facility's operations on supporting their fighter programs. (Breaking Defense)
Embraer's CEO noted that supply chain challenges affecting planemakers have been improving
Apr. 26, 2024 - Embraer is in a strong position now and plans to invest significantly in Brazil this year, including expanding its workforce. The company aims to enhance efficiency and industrial activity, while focusing on developing technologies for projects like the "flying car" through its subsidiary Eve. (Reuters)
Apr. 26, 2024 - Embraer is in a strong position now and plans to invest significantly in Brazil this year, including expanding its workforce. The company aims to enhance efficiency and industrial activity, while focusing on developing technologies for projects like the "flying car" through its subsidiary Eve. (Reuters)
Sierra Nevada Corporation has secured a $13b contract from the Air Force to develop and build the Survivable Airborne Operations Center
Apr. 26, 2024 - The project will replace the aging E-4B Nightwatch "doomsday planes" and aims to enhance nuclear command, control, and communications capabilities for decades ahead. Sierra Nevada will employ a modified commercial aircraft design and a modular open system approach, with work locations spanning Colorado, Nevada, and Ohio. (Defense News)
IndiGo has made a significant entry into the long-haul market by ordering 30 Airbus A350-900s, with an option for 70 more
Apr. 25, 2024 - The new fleet is marking its first foray into aircraft designed for long-distance flights to the US and Europe. IndiGo's CEO, Pieter Elbers, highlighted the order as a milestone in the airline's expansion and commitment to India's aviation growth. (AeroTime Hub)
Apr. 25, 2024 - The new fleet is marking its first foray into aircraft designed for long-distance flights to the US and Europe. IndiGo's CEO, Pieter Elbers, highlighted the order as a milestone in the airline's expansion and commitment to India's aviation growth. (AeroTime Hub)
Boeing reported its first quarterly revenue decline in seven quarters due to reduced deliveries
Apr. 24, 2024 - Despite their mid-air incidents and production challenges, Boeing's quarterly revenue of $16.57 billion surpassed analyst expectations of $16.23 billion. Boeing’s focus is to continue stabilizing production and improving quality control. (Reuters)
Apr. 24, 2024 - Despite their mid-air incidents and production challenges, Boeing's quarterly revenue of $16.57 billion surpassed analyst expectations of $16.23 billion. Boeing’s focus is to continue stabilizing production and improving quality control. (Reuters)
The U.S. Air Force has chosen Anduril and General Atomics to continue developing its drone wingmen program, known as collaborative combat aircraft
Apr. 24, 2024 - This initiative aims to enhance capabilities by integrating autonomous drones that can operate alongside manned aircraft like the F-35. Anduril's "Fury" and General Atomics' "Gambit" will undergo further design and testing to produce production-ready test aircraft. (Defense News)
Apr. 24, 2024 - This initiative aims to enhance capabilities by integrating autonomous drones that can operate alongside manned aircraft like the F-35. Anduril's "Fury" and General Atomics' "Gambit" will undergo further design and testing to produce production-ready test aircraft. (Defense News)
RTX exceeded first-quarter earnings expectations due to strong demand for missile defense systems and a robust commercial aftermarket business
Apr. 23, 2024 - The company reported revenue of $19.3 billion and a per-share profit of $1.34, beating analysts' estimates. Pratt and Whitney, a subsidiary, saw a 23% sales increase despite ongoing inspections for flawed components in its geared turbofan engines. (Reuters)
Apr. 23, 2024 - The company reported revenue of $19.3 billion and a per-share profit of $1.34, beating analysts' estimates. Pratt and Whitney, a subsidiary, saw a 23% sales increase despite ongoing inspections for flawed components in its geared turbofan engines. (Reuters)
Morocco aims to establish itself as an aviation manufacturing hub, leveraging its affordable workforce and strategic location to attract investors
Apr. 23, 2024 - With efforts to boost its aerospace industry, Morocco seeks to transform its economy and complement the growth of its airlines. Major manufacturers like Boeing and Airbus are outsourcing production to countries like Morocco. (New Haven Register)
Apr. 23, 2024 - With efforts to boost its aerospace industry, Morocco seeks to transform its economy and complement the growth of its airlines. Major manufacturers like Boeing and Airbus are outsourcing production to countries like Morocco. (New Haven Register)
