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Airbus is exploring options to consolidate parts of its space division, potentially merging specific business lines with other companies
Nov. 3, 2024 - While there is interest in a European merger, Airbus is first focusing on internal restructuring and cost control. The European Space Agency has expressed concern over the sector's health and is considering supportive measures. (Space News)
Nov. 3, 2024 - While there is interest in a European merger, Airbus is first focusing on internal restructuring and cost control. The European Space Agency has expressed concern over the sector's health and is considering supportive measures. (Space News)
BETA Technologies has raised $318 million in Series C funding, bringing its total funding to over $1B, with major contributions from Qatar Investment Authority and existing investors
Nov. 1, 2024 - The company is advancing the certification of its electric aircraft, ‘ALIA,’ which is being developed in both CTOL and VTOL versions. BETA has prioritized in-house development of key systems and begun production, aiming to deliver the first units soon. (AeroTime)
Nov. 1, 2024 - The company is advancing the certification of its electric aircraft, ‘ALIA,’ which is being developed in both CTOL and VTOL versions. BETA has prioritized in-house development of key systems and begun production, aiming to deliver the first units soon. (AeroTime)
Boeing’s Machinists union will vote Monday on a new contract offer, which includes a 38% wage increase over four years, a $12,000 ratification bonus, and other benefits
Oct. 31, 2024 - Union leadership recommends members approve the offer, stating they’ve achieved significant gains in negotiations. If accepted, the deal would end the eight-week strike, with workers returning to their roles by November 12. (Seattle Times)
Oct. 31, 2024 - Union leadership recommends members approve the offer, stating they’ve achieved significant gains in negotiations. If accepted, the deal would end the eight-week strike, with workers returning to their roles by November 12. (Seattle Times)
The U.S. approved sales of advanced AIM-120D-3 AMRAAM missiles to Denmark and maintenance support for Patriot units to Switzerland
Oct. 30, 2024 - With RTX and Lockheed Martin as prime contractors, Denmark's $744 million AMRAAM deal enhances its combat capability, while Switzerland’s $450 million Patriot support aims to improve defense interoperability with U.S. and European allies. (Airforce Technology)
Oct. 30, 2024 - With RTX and Lockheed Martin as prime contractors, Denmark's $744 million AMRAAM deal enhances its combat capability, while Switzerland’s $450 million Patriot support aims to improve defense interoperability with U.S. and European allies. (Airforce Technology)
Boeing raised $21 billion through a public stock offering, selling 112 million common shares and depositary shares to fund debt repayment, working capital, and investments
Oct. 29, 2024 - This move aims to stabilize operations amid challenges, including costly worker strikes and production delays from safety concerns and whistleblower reports. The recent rejection of Boeing’s contract proposal by the workers' union underscores ongoing labor tensions, adding further pressure on new CEO Kelly Ortberg. (AeroTime)
Pratt & Whitney has secured a $1.3B contract for the F135 engine core upgrade, enhancing durability, power, and cooling for the F-35 Lightning II’s advanced capabilities
Oct. 28, 2024 - This contract supports continued design improvements and prepares the program for production, involving over 700 engineers and backing 57,000 jobs across the U.S. The upgraded engine will be integrated into new F-35s and retrofitted on existing ones worldwide. (Aerospace Manufacturing and Design)
Oct. 28, 2024 - This contract supports continued design improvements and prepares the program for production, involving over 700 engineers and backing 57,000 jobs across the U.S. The upgraded engine will be integrated into new F-35s and retrofitted on existing ones worldwide. (Aerospace Manufacturing and Design)
