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Jan. 31, 2025 - The company remains cash flow positive, continues to optimize operations, and is well-positioned for long-term growth. With a newly appointed board and a focus on innovation, Incora aims to enhance its supply chain management solutions while maintaining strong relationships with customers and suppliers. (Global Newswire)
Jan. 31, 2025 - Until then, Spirit will continue operating independently, with Boeing ensuring continuity for commercial and defense operations. The deal includes Boeing-related commercial operations and defense programs, reinforcing commitments to safety, compliance, and quality. (KSN)
Jan. 30, 2025 - The company is also making progress on the Sentinel ICBM program and is positioned to compete in the Next-Generation Air Dominance program if it reopens. While the Air Force debates expanding the B-21 fleet, industry leaders emphasize efficiency improvements and long-term financial viability in key defense programs. (Air and Space Forces)
Gulfstream expects to obtain certification for its longest-range jet, the G800, by midyear, leveraging lessons from the recently approved G700 to streamline the process
Jan. 29, 2025 - While initial G800 deliveries will be lower than those planned for the G700, the program is progressing well, with testing underway. Meanwhile, the smaller G400, which first flew in August, is advancing steadily but has no set certification or delivery timeline yet. (AIN)
North Carolina awarded RTX a $4.2M incentive to expand its Asheville jet engine parts plant, adding 325 jobs and investing $285M after Hurricane Helene’s impact on the region
Jan. 28, 2025 - North Carolina awarded RTX a $4.2M incentive to expand its Asheville jet engine parts plant, adding 325 jobs and investing $285M after Hurricane Helene’s impact on the region. (The News & Observer)
Boeing has ended production of its best-selling 777-300ER widebody aircraft, shifting focus to the 777X, marking the end of an era for the revolutionary long-haul jet
Jan. 28, 2025 - CEO Kelly Ortberg emphasized efforts to stabilize production and improve cash flow, with plans to boost 737 production beyond the FAA-imposed cap of 38 per month later this year. While Boeing's financial struggles continue, including a significant cash burn and a weakened credit rating, the company remains focused on long-term recovery, production increases, and potential asset sales in its defense and space divisions. (Yahoo! Finance)
Lockheed Martin reported $2B in losses for 2024 due to cost overruns on two classified programs, $1.4B for its missiles & fire control division and $555M from its aeronautics division
Jan. 28, 2025 - The company is implementing process improvements to mitigate future risks, while also making progress on the F-35’s Technology Refresh 3, though full combat capability may be delayed until 2026. Despite these setbacks, Lockheed projects increased net sales of up to $74.7 billion in 2025, with a higher free cash flow target of up to $6.8 billion. (Breaking Defense)
The U.S. Air Force awarded $3.5B each to GE Aerospace and Pratt & Whitney to develop adaptive cycle engine technologies under the NGAD program
Jan. 27, 2025 - This initiative aims to enhance fuel efficiency, thrust, and survivability for the Next Generation Air Dominance (NGAD) fighter aircraft by enabling engines to adjust performance based on flight conditions. The contracts support prototype development, testing, and system integration to create a versatile jet engine for future combat scenarios. (American Machinist)
