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Emirates Boss Slams Planemaker Hand-Wringing Over Supplies
June 1, 2025 - Emirates CEO, Tim Clark, criticized aircraft manufacturers for excessive hand-wringing over supply chain issues, urging them to focus on solutions instead of delays. Clark pointed out that while companies like Airbus and Boeing continue to face challenges, they must work to meet rising demand for air travel. He also called for more transparency and coordination to ensure that airlines can maintain growth plans without further disruptions. (Reuters)
May 29, 2025 - Boeing CEO Kelly Ortberg expressed confidence in the company's recovery following a challenging 2024, which saw a significant 737 Max incident and a machinists' strike that hindered aircraft deliveries. Ortberg highlighted improvements in 737 Max production, particularly praising Wichita-based Spirit AeroSystems for enhancing fuselage quality and production flow. The company aims to reach a 38-per-month production rate by mid-2025, contingent on FAA approval, and is working towards integrating Spirit AeroSystems through an $8.3 billion acquisition expected to close later this year. (Washington Post)
May 29, 2025 - Boeing plans to ramp up production of its 737 Max to 47 aircraft per month by the end of 2025, according to CEO Dave Calhoun. The increase is part of Boeing's efforts to meet growing demand for airliners and address delays caused by earlier production challenges. The company is also focusing on stabilizing its supply chain while navigating labor shortages and inflationary pressures. (Reuters)
Firefly and Northrop Grumman’s New Rocket Gets a Name and $50M Investment
May 29, 2025 - Firefly Aerospace and Northrop Grumman have unveiled the name of their new hybrid rocket, "Alpha 2," alongside a $50 million investment to further develop the vehicle. The partnership aims to create a more affordable and reliable launch option for small satellite missions. The new funding will help enhance the rocket's capabilities, as well as expand Firefly’s production and testing infrastructure to meet growing demand. (Satellite Today)
The Global Defense Industry in One Chart
May 29, 2025 - The global defense industry is worth an estimated $2.4 trillion, with the U.S. contributing more than half of global military spending, according to a new infographic. The chart highlights the top defense contractors, including Lockheed Martin, Boeing, and Northrop Grumman, who dominate the market. It also shows the military spending breakdown by country, emphasizing the ongoing arms race, especially in nations like China and Russia. (Visual Capitalists)
Rocket Lab to Acquire Satellite Payload Manufacturer GeoSt for $275 Million
May 27, 2025 - Rocket Lab is set to acquire satellite payload manufacturer GeoSt for $275 million (not including a potential $50M earnout) in a move to enhance its capabilities in developing space-based technology. The acquisition will allow Rocket Lab to integrate GeoSt’s expertise in satellite systems into its expanding portfolio, which includes its Electron rocket and Photon satellite platform. The deal underscores Rocket Lab’s strategy to become a comprehensive space solutions provider, combining launch, satellite production, and management services. (SpaceNews)
VietJet Orders 20 A330neos to Expand International Network
May 26, 2025 - VietJet has placed an order for 20 A330neo aircraft, aiming to strengthen its international network and support its growth in long-haul markets. The deal, valued at approximately $5.5 billion, will enable the airline to offer more competitive routes to Europe, Australia, and the Middle East. The new A330neo aircraft, known for fuel efficiency and advanced technology, will enhance VietJet's fleet starting in 2026. (AeroTime)
