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Boom Supersonic aims to disrupt the aging Boeing/Airbus duopoly in commercial aviation by introducing supersonic aircraft
July 5, 2024 - Citing a timely opportunity amidst frustrations with existing manufacturers' inability to meet demand and safety concerns. Boom's commitment to innovation and safety culture underscores its ambition to revive a stagnant industry dominated by incremental advancements rather than leaps forward in air travel speed since the Boeing 707's debut in 1958. (Forbes)
July 5, 2024 - Citing a timely opportunity amidst frustrations with existing manufacturers' inability to meet demand and safety concerns. Boom's commitment to innovation and safety culture underscores its ambition to revive a stagnant industry dominated by incremental advancements rather than leaps forward in air travel speed since the Boeing 707's debut in 1958. (Forbes)
GE Aerospace has extended CEO Larry Culp's contract through 2027, offering him a substantial compensation package including a base salary of $2m
July 2, 2024 - Culp, who declined an offer to lead Boeing, received additional equity awards that could significantly boost his earnings based on performance targets. Under Culp's leadership since 2018, GE Aerospace, formerly General Electric, has undergone a successful restructuring, with shares rising over 50% in the current year. (Cincinnati)
July 2, 2024 - Culp, who declined an offer to lead Boeing, received additional equity awards that could significantly boost his earnings based on performance targets. Under Culp's leadership since 2018, GE Aerospace, formerly General Electric, has undergone a successful restructuring, with shares rising over 50% in the current year. (Cincinnati)
Cebu Pacific has placed a historic $24b order for up to 152 Airbus jets, comprising 102 A321neo jets and purchase rights for 50 A320neo jets
July 2, 2024 - This strategic move aims to enhance fleet flexibility and support recovery post-COVID-19, leveraging Pratt & Whitney engines. Meanwhile, Airbus faces production challenges but saw a nearly 12% increase in first-quarter deliveries, outperforming rival Boeing. (WSJ)
Patrick Shanahan, CEO of Spirit AeroSystems and former Boeing executive, is a key contender for Boeing's next CEO following Dave Calhoun's departure
July 2, 2024 - Despite Shanahan's extensive experience, including his "Mr. Fix-It" reputation at Boeing, some experts doubt his ability to overhaul the company's culture amid ongoing challenges. Boeing's pending acquisition of Spirit AeroSystems and Shanahan's mixed track record have made his potential appointment a focal point for investors and industry insiders. (Reuters)
July 2, 2024 - Despite Shanahan's extensive experience, including his "Mr. Fix-It" reputation at Boeing, some experts doubt his ability to overhaul the company's culture amid ongoing challenges. Boeing's pending acquisition of Spirit AeroSystems and Shanahan's mixed track record have made his potential appointment a focal point for investors and industry insiders. (Reuters)
Boeing is set to acquire Spirit AeroSystems in an $8.3 billion deal
July 1, 2024 - Reuniting with its Wichita-based facilities, Boeing will become a major supplier for key defense programs like the B-21 bomber and V-280 Valor rotorcraft. Spirit AeroSystems is also negotiating with Airbus to divest certain international facilities. (Defense News)
July 1, 2024 - Reuniting with its Wichita-based facilities, Boeing will become a major supplier for key defense programs like the B-21 bomber and V-280 Valor rotorcraft. Spirit AeroSystems is also negotiating with Airbus to divest certain international facilities. (Defense News)
United Launch Alliance, a long-time rocket provider for the U.S. military, is facing delays with its new Vulcan Centaur rocket, allowing SpaceX to dominate national-security missions
July 1, 2024 - ULA, a joint venture of Boeing and Lockheed Martin, is striving to increase production and regain its position while drawing scrutiny from the Pentagon and Congress. SpaceX, led by Elon Musk, has become the military's primary partner, consistently launching sensitive space missions with its reliable and cost-effective reusable rockets. (WSJ)
July 1, 2024 - ULA, a joint venture of Boeing and Lockheed Martin, is striving to increase production and regain its position while drawing scrutiny from the Pentagon and Congress. SpaceX, led by Elon Musk, has become the military's primary partner, consistently launching sensitive space missions with its reliable and cost-effective reusable rockets. (WSJ)
Airbus is taking over part of Spirit AeroSystems' Belfast operations, specifically the section that manufactures eings and fuselages for its A220 jet
Jun. 25, 2024 - This move creates uncertainty for the remaining non-Airbus parts of the business, leading to concerns among trade unions about potential job losses and the future of the Northern Ireland manufacturing sector. Meanwhile, Boeing is acquiring Spirit’s Prestwick plant in Scotland, adding to the overall uncertainty surrounding Spirit's global operations. (BCC)
Jun. 25, 2024 - This move creates uncertainty for the remaining non-Airbus parts of the business, leading to concerns among trade unions about potential job losses and the future of the Northern Ireland manufacturing sector. Meanwhile, Boeing is acquiring Spirit’s Prestwick plant in Scotland, adding to the overall uncertainty surrounding Spirit's global operations. (BCC)
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Eve Air Mobility has secured $94 million in new equity financing, including investments from strategic industrial firms like Embraer and Nidec, alongside financial investors
July 1, 2024 - This funding, comprising new shares and warrants, aims to bolster Eve's development and production of electric vertical take-off and landing (eVTOL) aircraft, reinforcing its position with existing cash and credit lines for future growth and innovation in the advanced air mobility sector. (PR News Wire)
July 1, 2024 - This funding, comprising new shares and warrants, aims to bolster Eve's development and production of electric vertical take-off and landing (eVTOL) aircraft, reinforcing its position with existing cash and credit lines for future growth and innovation in the advanced air mobility sector. (PR News Wire)
