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Northrop Grumman secured a $7 billion contract for comprehensive maintenance and upgrades of the B-2 fleet
May 3, 2024 - Turkish Airlines is in talks with both Airbus and Boeing to purchase 235 aircraft as part of its ambitious expansion plans, aiming for nearly 600 new planes. Turkish Airlines emphasized a balanced approach between Airbus and Boeing, waiting for Boeing's issues to resolve before finalizing decisions, while also exploring potential partnerships with Rolls-Royce for maintenance and supply chain activities in Turkey. (MENAFN)
May 3, 2024 - Turkish Airlines is in talks with both Airbus and Boeing to purchase 235 aircraft as part of its ambitious expansion plans, aiming for nearly 600 new planes. Turkish Airlines emphasized a balanced approach between Airbus and Boeing, waiting for Boeing's issues to resolve before finalizing decisions, while also exploring potential partnerships with Rolls-Royce for maintenance and supply chain activities in Turkey. (MENAFN)
Airbus is seeking financial compensation from Spirit AeroSystems to absorb money-losing operations
May 2, 2024 - Talks are underway, addressing issues such as compensation and the logistics of separating Airbus's business from Spirit. Boeing, looking to acquiring Spirit to boost 737 MAX production, faces challenges in negotiating with Airbus, which accounts for a significant portion of Spirit's revenue. (Reuters)
May 2, 2024 - Talks are underway, addressing issues such as compensation and the logistics of separating Airbus's business from Spirit. Boeing, looking to acquiring Spirit to boost 737 MAX production, faces challenges in negotiating with Airbus, which accounts for a significant portion of Spirit's revenue. (Reuters)
Chris Calio has taken over as the new chief executive of RTX, succeeding Greg Hayes, and now serves as executive chairman
May 2, 2024 - RTX will focus on boosting weapons production amidst rising demand due to the conflict in Ukraine, while also addressing challenges like material defects in Pratt & Whitney's engines. Calio aims to de-emphasize RTX's role in space contracting and shift towards component supply for satellite contracts. (Breaking Defense)
May 2, 2024 - RTX will focus on boosting weapons production amidst rising demand due to the conflict in Ukraine, while also addressing challenges like material defects in Pratt & Whitney's engines. Calio aims to de-emphasize RTX's role in space contracting and shift towards component supply for satellite contracts. (Breaking Defense)
Bombardier's President and CEO Éric Martel anticipates achieving the company's 2025 objectives of 150 deliveries and $9 billion in revenues
May 1, 2024 - Martel outlined plans for organic growth in various sectors and discussed the potential for acquisitions to support business aviation expansion. The company's strategic focus on executing plans flexibly and creatively has yielded positive results. (AIN)
Embraer is exploring the development of a new passenger aircraft to compete directly with Airbus and Boeing
May 1, 2024 - The project is considering either a narrow-body passenger plane or a long-range business jet, with a business case expected to be finalized by the end of next year. This potential move would mark a significant shift for Embraer, since it has been known for its regional jets and executive aircrafts. (Financial Times)
May 1, 2024 - The project is considering either a narrow-body passenger plane or a long-range business jet, with a business case expected to be finalized by the end of next year. This potential move would mark a significant shift for Embraer, since it has been known for its regional jets and executive aircrafts. (Financial Times)
Joby Aviation, with support from Toyota, is expanding its Pilot Production for its eVTOL aircraft at Marina Municipal Airport in California
Apr. 30, 2024 - The company recently unveiled its second production prototype aircraft during a groundbreaking event and is advancing with assembly of two more aircraft at the same site. Joby is targeting an output of 500 aircraft per year, and plans to commence air taxi services by 2025. (AIN)
Apr. 30, 2024 - The company recently unveiled its second production prototype aircraft during a groundbreaking event and is advancing with assembly of two more aircraft at the same site. Joby is targeting an output of 500 aircraft per year, and plans to commence air taxi services by 2025. (AIN)
The Air Force's decision to reduce the number of MH-139A Grey Wolf helicopters from 80 to 42 has led to a cost overrun known as a critical Nunn-McCurdy breach
Apr. 30, 2024 - This breach, reported to Congress in April, is tied to the decreased procurement quantity, resulting in a higher per-helicopter cost. The Air Force hopes to address this breach by potentially restoring more MH-139s in its budget, pending approval. (Defense News)
Apr. 30, 2024 - This breach, reported to Congress in April, is tied to the decreased procurement quantity, resulting in a higher per-helicopter cost. The Air Force hopes to address this breach by potentially restoring more MH-139s in its budget, pending approval. (Defense News)
Glass Lewis, a proxy advisor, has advised shareholders to vote against the reelection of three Boeing directors, including CEO Dave Calhoun
Apr. 23, 2024 - This recommendation comes from dissatisfaction with the company's efforts to improve its safety culture and the board' s oversight being a point of concern. (Reuters)
Apr. 23, 2024 - This recommendation comes from dissatisfaction with the company's efforts to improve its safety culture and the board' s oversight being a point of concern. (Reuters)
Embraer is preparing for substantial growth in 2024 by investing $390m and hiring 900 more employees
Apr. 29, 2024 - The company's CEO emphasized a focus on efficiency and innovation to capture potential in various market segments and promote sustainable aviation. Embraer aims to increase exports of high-value products and create thousands of skilled jobs in Brazil through these initiatives. (AIN)
Apr. 29, 2024 - The company's CEO emphasized a focus on efficiency and innovation to capture potential in various market segments and promote sustainable aviation. Embraer aims to increase exports of high-value products and create thousands of skilled jobs in Brazil through these initiatives. (AIN)
