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Feb. 20, 2025 - CEO Guillaume Faury also urged greater European defense collaboration as the U.S. shifts its security stance. The company, like others, faces uncertainty amid President Trump’s evolving trade policies. (NYT)
Feb. 20, 2025 - The company also reported strong preliminary financial results for Q4 and the full year 2024, highlighting significant growth in net sales and income. Looking ahead, Loar forecasts continued growth in 2025, with increased net income and adjusted EBITDA, excluding the LMB acquisition impact. (Access Newswire)
Feb. 20, 2025 - He acknowledged Comac's potential due to its access to the Chinese market and plans for global expansion. While Airbus is expanding production, particularly in China, it faces challenges in its defense and space sectors, including losses in space programs and uncertainty around defense orders. (Business Insider)
Airbus is close to finalizing a deal to take over parts of Spirit AeroSystems' European operations, expected to close by mid-2025, following a binding term sheet signed last year
Feb. 20, 2025 - This move comes amid Boeing's $4.7 billion plan to reacquire Spirit Aero, which supplies crucial parts for both Boeing and Airbus jets. Negotiations have faced challenges, particularly over intellectual property and the future of Spirit Aero's Belfast plant, which may see Airbus taking control of its wing production for the A220 jet. (Yahoo! Finance)
Pratt & Whitney has expanded its global GTF engine maintenance network by partnering with Sanad, a UAE-based aerospace leader, to establish a new MRO facility in Al Ain by 2028
Feb. 18, 2025 - This facility, the first of its kind in the South Asia, Middle East, and North Africa region, will provide full MRO services for Airbus A320neo, A220, and Embraer E-Jet E2 aircraft engines. The collaboration strengthens RTX’s long-standing relationship with the UAE, creating specialized jobs and reinforcing Abu Dhabi’s position as a global aviation hub. (Aero – Mag)
Western aerospace firms, facing supply chain disruptions, are increasingly sourcing parts from India, driving rapid growth in the country’s aerospace sector
Feb. 18, 2025 - Indian companies like Hical Technologies and JJG Aero are expanding, with the global industry recognizing India’s cost-effectiveness and rising capabilities in high-value manufacturing. With massive aircraft orders and government efforts to boost local production, India aims to capture 10% of the global aerospace supply chain market within a decade. (Reuters)
Boeing’s Air Force One program faces significant delays, possibly pushing delivery to 2029 or later
Feb. 18, 2025 - Former President Trump’s involvement, including cost-cutting measures and discussions with Elon Musk, may further complicate the program. Boeing continues to struggle with production challenges, while the White House seeks solutions to accelerate the timeline. (Reuters)
A massive fire broke out at SPS Technologies in Abington Township, Pennsylvania, following an explosion Monday night, prompting evacuations and shelter-in-place orders
Feb. 17, 2025 - Emergency crews battled the fire through Tuesday, with hazmat teams monitoring air quality and officials ensuring no contamination of local water supplies. While the cause remains under investigation, SEPTA services and schools were disrupted, and residents were advised to take health precautions due to potential air quality concerns. (NBC Philadelphia)
Taiwan is in talks with the U.S. to purchase between $7B and $10B in arms, including coastal defense missiles and HIMARS rockets
Feb. 17, 2025 - The deal is seen as a signal of Taiwan’s commitment to its security and aims to secure continued U.S. support, with Trump’s administration maintaining diplomatic backing despite tensions over semiconductor trade. Additionally, Taiwan plans to propose a special defense budget focusing on precision ammunition, air-defense upgrades, and anti-drone technology. (Reuters)
