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U.S. prosecutors recommend that the Justice Department criminally charge Boeing for breaching a 2021 settlement agreement related to two fatal 737 MAX crashes
Jun. 23, 2024 - With a decision due by July 7, the company could face new charges, an extended settlement, or stricter terms, while victims' families urge a $25 billion fine and prosecution. Boeing disputes the breach, maintaining it has complied with the settlement terms. (Reuters)
Jun. 23, 2024 - With a decision due by July 7, the company could face new charges, an extended settlement, or stricter terms, while victims' families urge a $25 billion fine and prosecution. Boeing disputes the breach, maintaining it has complied with the settlement terms. (Reuters)
Amid a leadership reshuffle at Lockheed Martin, Richard Benton has replaced Paul Lemmo as the head of Sikorsky, with Benton transitioning from overseeing Lockheed's training and logistics division
Jun. 21, 2024 - Lemmo now leads Lockheed’s integrated warfare systems and sensors unit. Benton takes charge at a critical juncture for Sikorsky, which is focusing on innovative projects like a new "rotor-blown-wing" UAV design while maintaining strong demand for its existing rotorcraft, including the UH-60 Black Hawk and CH-53K King Stallion. (Flight Global)
Jun. 21, 2024 - Lemmo now leads Lockheed’s integrated warfare systems and sensors unit. Benton takes charge at a critical juncture for Sikorsky, which is focusing on innovative projects like a new "rotor-blown-wing" UAV design while maintaining strong demand for its existing rotorcraft, including the UH-60 Black Hawk and CH-53K King Stallion. (Flight Global)
Boeing is close to a deal to repurchase Spirit AeroSystems after the supplier made progress in separate talks with Airbus to resolve issues over its work for both companies
Jun. 20, 2024 - The deal's timing remains uncertain, but it could be finalized within days or weeks. Spirit Aero posted a significant Q1 net loss, which, along with safety and quality concerns, has driven Boeing's interest in regaining control of the supplier. (Reuters)
Honeywell is acquiring CAES Systems for $1.9 billion to focus on automation, future aviation, and energy transition under CEO Vimal Kapur
Jun. 20, 2024 - Expected to close in late 2024, marks Honeywell's third deal this year and aligns with increased defense orders due to global conflicts. The deal will augment Honeywell's aerospace offerings and is projected to positively impact earnings and expand its skilled workforce. (Reuters)
Jun. 20, 2024 - Expected to close in late 2024, marks Honeywell's third deal this year and aligns with increased defense orders due to global conflicts. The deal will augment Honeywell's aerospace offerings and is projected to positively impact earnings and expand its skilled workforce. (Reuters)
Boeing CEO Dave Calhoun faced severe criticism from a Senate panel over significant safety and quality control
Jun. 18, 2024 - Calhoun, who plans to step down by year-end, defended the company's efforts to improve its safety culture amidst allegations of retaliation against employees reporting concerns.(CNBC)
Jun. 18, 2024 - Calhoun, who plans to step down by year-end, defended the company's efforts to improve its safety culture amidst allegations of retaliation against employees reporting concerns.(CNBC)
Despite rumors of a new narrowbody aircraft, Embraer's CEO confirmed there are no concrete plans for such a development
Jun. 18, 2024 - Embraer's shorter lead times for E-Jet deliveries make it an attractive option for airlines needing to rapidly add capacity compared to the lengthy backlogs faced by Airbus and Boeing. (Simple Flying)
Jun. 18, 2024 - Embraer's shorter lead times for E-Jet deliveries make it an attractive option for airlines needing to rapidly add capacity compared to the lengthy backlogs faced by Airbus and Boeing. (Simple Flying)
