The aerospace and defense (A&D) industry achieved record revenue and profits in 2012 on the strength of a surging commercial aviation market. Industry revenue and operating profit increased 2% and 4%, respectively. Median Top-Performing Companies (TPC) scores for the largest A&D companies improved to their highest levels since 2007, the year before the Great Recession. Mid-size company scores were flat, but remained at historic highs, and smaller company scores dropped considerably, after a brief peak last year.
While installing a fireplace in a cabin clearly would be a bad idea, Lufthansa Technik develops a technology that uses illuminated water mist with an image of burning wood to create a fireplace for VIP aircraft....More
Construction of Cardington’s Number 1 shed, currently housing the HAV project, began in 1916 when Construction of Cardington’s No. 1 shed, currently housing the HAV project, began in 1916 when Short Brothers was awarded an Admiralty contract for the development of dirigible airships....More
China last year accelerated its plans to “reclaim” areas like the Spratly Islands, and the Asian giant is banking on its coast guard to protect its disputed maritime stakes in the region, according to the Pentagon....More
Ethiopian Airlines' fleet renewal and growth continued this week with the delivery of a new Boeing 737-800 from Seattle. Routing through Washington-Dulles and then Dublin, Ireland, the latest 737NG is Ethiopian's 16th. Since 2010, the East African carrier has taken delivery of 25 Boeing 737/777/787s as well as 13 Bombardier DHC8-Q400 regional turbo aircraft. One of the fastest-growing and most modern of African airlines, Ethiopian also has a burgeoning MRO business....More